Global Photovoltaic Step-up Transformer Market Growth 2025-2031

Global Photovoltaic Step-up Transformer Market Growth 2025-2031

The global Photovoltaic Step-up Transformer market size is predicted to grow from US$ 1401 million in 2025 to US$ 2400 million in 2031; it is expected to grow at a CAGR of 9.4% from 2025 to 2031.

Photovoltaic step-up transformer is a device that uses the principle of electromagnetic induction to change the AC voltage. Its main structure includes primary coil, secondary coil and iron core. At present, in photovoltaic power generation and inverter technology, due to the low output voltage of the inverter, the inverter output voltage must be increased to a voltage level that can meet the grid connection requirements through a step-up transformer. Due to the power limitation of electronic components, the photovoltaic power inverter used in photovoltaic grid-connected power stations generally does not exceed 500kW. Therefore, the step-up transformer for photovoltaic power generation generally adopts a low-voltage winding axial split structure, so that one step-up transformer can be connected to two inverters at the same time.

The Global key players of Photovoltaic Step-up Transformer include Mingyang Electric, TBEA, Siemens, etc. The top three players hold a share about 54%. China is the largest market, and has a share about 49%. In terms of product type, Oil Immersed Transformer is the largest segment, which occupied for a share of about 51%. For application, Ground Power Plant Photovoltaic System Station is the largest segment, which has a share about 86%.

LP Information, Inc. (LPI) ' newest research report, the “Photovoltaic Step-up Transformer Industry Forecast” looks at past sales and reviews total world Photovoltaic Step-up Transformer sales in 2024, providing a comprehensive analysis by region and market sector of projected Photovoltaic Step-up Transformer sales for 2025 through 2031. With Photovoltaic Step-up Transformer sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Photovoltaic Step-up Transformer industry.

This Insight Report provides a comprehensive analysis of the global Photovoltaic Step-up Transformer landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Photovoltaic Step-up Transformer portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Photovoltaic Step-up Transformer market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Photovoltaic Step-up Transformer and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Photovoltaic Step-up Transformer.

This report presents a comprehensive overview, market shares, and growth opportunities of Photovoltaic Step-up Transformer market by product type, application, key manufacturers and key regions and countries.

Segmentation by Type:
Oil Immersed Transformer
Dry-type Transformer

Segmentation by Application:
Ground Power Plant Photovoltaic System
Industrial and Commercial Rooftop Photovoltaic Systems
Other

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
Mingyang Electric
TBEA
Siemens
Prolec GE
ASTOR
Maschinenfabrik Reinhausen GmbH
Schneider
ABB
Chint Electric
Shandong Taikai
Jiangsu Huapeng
ELTAS
Pearl Electric
Three change technology
Xinte Electric

Key Questions Addressed in this Report

What is the 10-year outlook for the global Photovoltaic Step-up Transformer market?

What factors are driving Photovoltaic Step-up Transformer market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Photovoltaic Step-up Transformer market opportunities vary by end market size?

How does Photovoltaic Step-up Transformer break out by Type, by Application?

Please note: The report will take approximately 2 business days to prepare and deliver.