Market Growth Has Experienced a Change of -9.33% YoY in 2020
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The transformers for renewable energy market is forecasted to grow by USD 4.03 billion during 2024-2029, accelerating at a CAGR of 4.6% during the forecast period. The report on the transformers for renewable energy market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.Speak directly to the analyst to clarify any post sales queries you may have.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by shift in focus of government bodies toward renewable energy, modernization of existing transformers by smart grid systems, and expansion of renewable power generation capacity.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market size data, segment with regional analysis and vendor landscape in addition to an analysis of the key companies. Reports have historic and forecast data.
The transformers for renewable energy market is segmented as below:
By Application
- Solar PV
- Wind farm
By Indication
- Dry insulation
- Liquid immersed insulation
By Type
- Distribution transformers
- Power transformers
- Others
By Capacity
- 5 MVA to 100 MVA
- 100 MVA to 500 MVA
- 500 MVA and Above
By Geographical Landscape
- APAC
- Europe
- North America
- South America
- Middle East and Africa
The report on the transformers for renewable energy market covers the following areas:
- Transformers For Renewable Energy Market sizing
- Transformers For Renewable Energy Market forecast
- Transformers For Renewable Energy Market industry analysis
The report presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.
Table of Contents
1 Executive Summary
2 Market Analysis
3 Market Landscape
4 Market Sizing
5 Historic Market Size
6 Qualitative Analysis
7 Five Forces Analysis
8 Market Segmentation by Application
9 Market Segmentation by Indication
10 Market Segmentation by Type
11 Market Segmentation by Capacity
5 MVA to 100 MVA - Market size and forecast 2024-2029
100 MVA to 500 MVA - Market size and forecast 2024-2029
500 MVA and Above - Market size and forecast 2024-2029
12 Customer Landscape
13 Geographic Landscape
14 Drivers, Challenges, and Opportunity/Restraints
15 Competitive Landscape
16 Competitive Analysis
17 Appendix
List of Exhibits
Executive Summary
The following companies are recognized as the key players in the global transformers for renewable energy market: Bharat Heavy Electricals Ltd., CG Power and Industrial Solutions Ltd., Daihen Corp., Eaton Corp. plc, ENERCON GmbH, Esennar Transformers Pvt. Ltd., General Electric Co., Hitachi Ltd., LC Magnetics Inc., Marsons Energy Pvt. Ltd., Northern Transformer, S.E.A. Societa Elettromeccanica Arzignanese S.p.A., Schneider Electric SE, Siemens AG, STC Inc., Synergy Transformers Pvt. Ltd., TESLA TRANSFORMERS (GLOBAL) Pvt. Ltd., Voltamp Transformers Ltd, and Westrafo Srl..Commenting on the report, an analyst from the research team said: "The latest trend gaining momentum in the market is rising number of offshore wind farm installation."
According to the report, one of the major drivers for this market is the shift in focus of government bodies toward renewable energy.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Bharat Heavy Electricals Ltd.
- CG Power and Industrial Solutions Ltd.
- Daihen Corp.
- Eaton Corp. plc
- ENERCON GmbH
- Esennar Transformers Pvt. Ltd.
- General Electric Co.
- Hitachi Ltd.
- LC Magnetics Inc.
- Marsons Energy Pvt. Ltd.
- Northern Transformer
- S.E.A. Societa Elettromeccanica Arzignanese S.p.A.
- Schneider Electric SE
- Siemens AG
- STC Inc.
- Synergy Transformers Pvt. Ltd.
- TESLA TRANSFORMERS (GLOBAL) Pvt. Ltd.
- Voltamp Transformers Ltd
- Westrafo Srl.
