Transformer for PV Market - Global Forecast 2026-2032

The PV transformer market is undergoing rapid evolution, driven by operational complexity and changing regulatory, supply chain, and performance demands. For senior executives, understanding this landscape is becoming essential for planning, procurement, and risk management in modern photovoltaic (PV) power projects.

Market Snapshot: PV Transformer Market

The Transformer for PV Market grew from USD 4.85 billion in 2025 to USD 5.53 billion in 2026. It is expected to continue growing at a CAGR of 12.15%, reaching USD 10.84 billion by 2032.

Scope & Segmentation

This research offers a detailed analysis across multiple layers of the PV transformer market:

Product Types: Liquid-immersed and dry-type transformers optimized for various PV applications.
Mounting & Enclosure: Pad-mounted, skid-based, and substation units tailored for distributed, modular, or centralized PV system designs.
Voltage Class: Medium-voltage transformers for collection systems and high-voltage units for interconnection points.
Application Scale: Utility-scale solar farms, commercial and industrial rooftop systems, and distributed resource installations.
Buyer Priorities: Strategies reflect distinct needs of developers, EPCs, utilities, independent power producers, and asset owners.
Regions: Americas, Europe, Middle East & Africa, and Asia-Pacific, each influenced by local grid codes, procurement practices, and climate.
Technology Trends: Emphasis on asset intelligence, digital diagnostics, material innovation, sustainability requirements, and compliance features.

Key Takeaways: Strategic Insights for Decision-Makers

PV transformers now serve as critical interfaces, supporting not just voltage regulation but lifecycle uptime, operating stability, and project compliance in solar-to-grid conversion.
Specification and procurement decisions are being shaped by inverter-driven profiles, stricter grid codes, and a focus on risk-managed engineering outcomes.
Demand for standardized, application-ready transformer solutions is rising, reducing engineering lead time and supporting asset bankability and availability of spares.
Segmentation reveals that product architecture, enclosure choice, and buyer strategy drive distinct risks and necessitate tailored configurations for optimum plant performance.
Advanced monitoring, documentation quality, and lifecycle service programs have become central differentiators among leading suppliers.
Sustainability requirements, such as biodegradable fluids and responsible sourcing, are increasingly influencing procurement in sensitive regions and for ESG-driven owners.

Tariff Impact: Navigating US Procurement Realities

United States tariff changes projected for 2025 are altering the sourcing landscape for PV transformers by affecting landed cost, supplier allocation, and contract structures. These measures incentivize buyers to assess supply chain resiliency, domestic sourcing, and lead-time risk. Adjustments in import volumes and logistics flows can introduce scheduling uncertainty, making detailed contract language and early product qualification more important. In response, procurement strategies are emphasizing local service content, documentation traceability, and contingency planning for material substitutions and after-sales support. Asset owners are adopting risk-adjusted approaches that weigh delivery confidence and serviceability alongside price.

PV Transformer Market: Methodology & Data Sources

The report’s findings are based on structured value-chain assessment, in-depth interviews with industry stakeholders, and thorough evaluation of technical standards, policy frameworks, and documented market practices. This approach ensures insights are validated across manufacturer, EPC, and operator perspectives.

Why This Report Matters

Delivers actionable clarity on evolving product strategies, technical requirements, and procurement risks in the PV transformer ecosystem.
Equips leaders to align technical, commercial, and operational priorities when specifying or sourcing transformers for diverse project contexts.
Enables fact-based benchmarking of supplier capabilities, qualification processes, and service readiness for complex, schedule-driven investments.

Conclusion

The PV transformer market is shifting toward risk-managed engineering and integrated decision frameworks. Stakeholders who adopt a holistic, compliance-driven, and resilient approach to sourcing and lifecycle planning will be positioned to deliver reliable, value-focused PV assets in a changing grid environment.

1. Preface

1.1. Objectives of the Study
1.2. Market Definition
1.3. Market Segmentation & Coverage
1.4. Years Considered for the Study
1.5. Currency Considered for the Study
1.6. Language Considered for the Study
1.7. Key Stakeholders

2. Research Methodology

2.1. Introduction
2.2. Research Design
2.2.1. Primary Research
2.2.2. Secondary Research
2.3. Research Framework
2.3.1. Qualitative Analysis
2.3.2. Quantitative Analysis
2.4. Market Size Estimation
2.4.1. Top-Down Approach
2.4.2. Bottom-Up Approach
2.5. Data Triangulation
2.6. Research Outcomes
2.7. Research Assumptions
2.8. Research Limitations

3. Executive Summary

3.1. Introduction
3.2. CXO Perspective
3.3. Market Size & Growth Trends
3.4. Market Share Analysis, 2025
3.5. FPNV Positioning Matrix, 2025
3.6. New Revenue Opportunities
3.7. Next-Generation Business Models
3.8. Industry Roadmap

4. Market Overview

4.1. Introduction
4.2. Industry Ecosystem & Value Chain Analysis
4.2.1. Supply-Side Analysis
4.2.2. Demand-Side Analysis
4.2.3. Stakeholder Analysis
4.3. Porter’s Five Forces Analysis
4.4. PESTLE Analysis
4.5. Market Outlook
4.5.1. Near-Term Market Outlook (0-2 Years)
4.5.2. Medium-Term Market Outlook (3-5 Years)
4.5.3. Long-Term Market Outlook (5-10 Years)
4.6. Go-to-Market Strategy

5. Market Insights

5.1. Consumer Insights & End-User Perspective
5.2. Consumer Experience Benchmarking
5.3. Opportunity Mapping
5.4. Distribution Channel Analysis
5.5. Pricing Trend Analysis
5.6. Regulatory Compliance & Standards Framework
5.7. ESG & Sustainability Analysis
5.8. Disruption & Risk Scenarios
5.9. Return on Investment & Cost-Benefit Analysis

6. Cumulative Impact of United States Tariffs 2025
7. Cumulative Impact of Artificial Intelligence 2025

8. Transformer for PV Market, by Type

8.1. Dry Type
8.1.1. Cast Resin
8.1.2. Vacuum Pressure Impregnation
8.2. Oil Cooled
8.2.1. Mineral Oil
8.2.2. Silicone Fluid

9. Transformer for PV Market, by Phase

9.1. Single Phase
9.2. Three Phase

10. Transformer for PV Market, by Mounting

10.1. Indoor
10.2. Outdoor
10.3. Pad Mounted
10.4. Pole Mounted

11. Transformer for PV Market, by End Use

11.1. Commercial And Industrial
11.1.1. Education
11.1.2. Healthcare
11.1.3. Manufacturing
11.1.4. Retail
11.2. Residential
11.2.1. Multi Family
11.2.2. Single Family
11.3. Utility

12. Transformer for PV Market, by Region

12.1. Americas
12.1.1. North America
12.1.2. Latin America
12.2. Europe, Middle East & Africa
12.2.1. Europe
12.2.2. Middle East
12.2.3. Africa
12.3. Asia-Pacific

13. Transformer for PV Market, by Group

13.1. ASEAN
13.2. GCC
13.3. European Union
13.4. BRICS
13.5. G7
13.6. NATO

14. Transformer for PV Market, by Country

14.1. United States
14.2. Canada
14.3. Mexico
14.4. Brazil
14.5. United Kingdom
14.6. Germany
14.7. France
14.8. Russia
14.9. Italy
14.10. Spain
14.11. China
14.12. India
14.13. Japan
14.14. Australia
14.15. South Korea

15. United States Transformer for PV Market
16. China Transformer for PV Market

17. Competitive Landscape

17.1. Market Concentration Analysis, 2025
17.1.1. Concentration Ratio (CR)
17.1.2. Herfindahl Hirschman Index (HHI)
17.2. Recent Developments & Impact Analysis, 2025
17.3. Product Portfolio Analysis, 2025
17.4. Benchmarking Analysis, 2025
17.5. ABB Ltd
17.6. Bluesun Solar Co Ltd
17.7. Carspa New Energy Co Ltd
17.8. CG Power and Industrial Solutions Ltd
17.9. Eaton Corporation plc
17.10. ELSCO Transformers LLC
17.11. General Electric Company
17.12. HD Hyundai Electric Co Ltd
17.13. Hitachi Energy Ltd
17.14. Hyosung Heavy Industries Corporation
17.15. Kimarki Transformadores SA
17.16. Luxtrafo Transformadores SA
17.17. Meba Electric Co Ltd
17.18. Mitsubishi Electric Corporation
17.19. NRE Technology Co Ltd
17.20. Olsun Electrics Corporation
17.21. Schneider Electric SE
17.22. Schweitzer Engineering Laboratories Inc
17.23. SGB-SMIT Group
17.24. Siemens Energy AG
17.25. SPX Transformer Solutions Inc
17.26. TBEA Co Ltd
17.27. Toshiba Energy Systems & Solutions Corporation
17.28. Virginia Transformer Corporation
17.29. Zetwerk Manufacturing USA LLC

List of Figures

FIGURE 1. GLOBAL TRANSFORMER FOR PV MARKET SIZE, 2018-2032 (USD MILLION)
FIGURE 2. GLOBAL TRANSFORMER FOR PV MARKET SHARE, BY KEY PLAYER, 2025
FIGURE 3. GLOBAL TRANSFORMER FOR PV MARKET, FPNV POSITIONING MATRIX, 2025
FIGURE 4. GLOBAL TRANSFORMER FOR PV MARKET SIZE, BY TYPE, 2025 VS 2026 VS 2032 (USD MILLION)
FIGURE 5. GLOBAL TRANSFORMER FOR PV MARKET SIZE, BY PHASE, 2025 VS 2026 VS 2032 (USD MILLION)
FIGURE 6. GLOBAL TRANSFORMER FOR PV MARKET SIZE, BY MOUNTING, 2025 VS 2026 VS 2032 (USD MILLION)
FIGURE 7. GLOBAL TRANSFORMER FOR PV MARKET SIZE, BY END USE, 2025 VS 2026 VS 2032 (USD MILLION)
FIGURE 8. GLOBAL TRANSFORMER FOR PV MARKET SIZE, BY REGION, 2025 VS 2026 VS 2032 (USD MILLION)
FIGURE 9. GLOBAL TRANSFORMER FOR PV MARKET SIZE, BY GROUP, 2025 VS 2026 VS 2032 (USD MILLION)
FIGURE 10. GLOBAL TRANSFORMER FOR PV MARKET SIZE, BY COUNTRY, 2025 VS 2026 VS 2032 (USD MILLION)
FIGURE 11. UNITED STATES TRANSFORMER FOR PV MARKET SIZE, 2018-2032 (USD MILLION)
FIGURE 12. CHINA TRANSFORMER FOR PV MARKET SIZE, 2018-2032 (USD MILLION)

List of Tables

TABLE 1. GLOBAL TRANSFORMER FOR PV MARKET SIZE, 2018-2032 (USD MILLION)
TABLE 2. GLOBAL TRANSFORMER FOR PV MARKET SIZE, BY TYPE, 2018-2032 (USD MILLION)
TABLE 3. GLOBAL TRANSFORMER FOR PV MARKET SIZE, BY DRY TYPE, BY REGION, 2018-2032 (USD MILLION)
TABLE 4. GLOBAL TRANSFORMER FOR PV MARKET SIZE, BY DRY TYPE, BY GROUP, 2018-2032 (USD MILLION)
TABLE 5. GLOBAL TRANSFORMER FOR PV MARKET SIZE, BY DRY TYPE, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 6. GLOBAL TRANSFORMER FOR PV MARKET SIZE, BY DRY TYPE, 2018-2032 (USD MILLION)
TABLE 7. GLOBAL TRANSFORMER FOR PV MARKET SIZE, BY CAST RESIN, BY REGION, 2018-2032 (USD MILLION)
TABLE 8. GLOBAL TRANSFORMER FOR PV MARKET SIZE, BY CAST RESIN, BY GROUP, 2018-2032 (USD MILLION)
TABLE 9. GLOBAL TRANSFORMER FOR PV MARKET SIZE, BY CAST RESIN, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 10. GLOBAL TRANSFORMER FOR PV MARKET SIZE, BY VACUUM PRESSURE IMPREGNATION, BY REGION, 2018-2032 (USD MILLION)
TABLE 11. GLOBAL TRANSFORMER FOR PV MARKET SIZE, BY VACUUM PRESSURE IMPREGNATION, BY GROUP, 2018-2032 (USD MILLION)
TABLE 12. GLOBAL TRANSFORMER FOR PV MARKET SIZE, BY VACUUM PRESSURE IMPREGNATION, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 13. GLOBAL TRANSFORMER FOR PV MARKET SIZE, BY OIL COOLED, BY REGION, 2018-2032 (USD MILLION)
TABLE 14. GLOBAL TRANSFORMER FOR PV MARKET SIZE, BY OIL COOLED, BY GROUP, 2018-2032 (USD MILLION)
TABLE 15. GLOBAL TRANSFORMER FOR PV MARKET SIZE, BY OIL COOLED, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 16. GLOBAL TRANSFORMER FOR PV MARKET SIZE, BY OIL COOLED, 2018-2032 (USD MILLION)
TABLE 17. GLOBAL TRANSFORMER FOR PV MARKET SIZE, BY MINERAL OIL, BY REGION, 2018-2032 (USD MILLION)
TABLE 18. GLOBAL TRANSFORMER FOR PV MARKET SIZE, BY MINERAL OIL, BY GROUP, 2018-2032 (USD MILLION)
TABLE 19. GLOBAL TRANSFORMER FOR PV MARKET SIZE, BY MINERAL OIL, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 20. GLOBAL TRANSFORMER FOR PV MARKET SIZE, BY SILICONE FLUID, BY REGION, 2018-2032 (USD MILLION)
TABLE 21. GLOBAL TRANSFORMER FOR PV MARKET SIZE, BY SILICONE FLUID, BY GROUP, 2018-2032 (USD MILLION)
TABLE 22. GLOBAL TRANSFORMER FOR PV MARKET SIZE, BY SILICONE FLUID, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 23. GLOBAL TRANSFORMER FOR PV MARKET SIZE, BY PHASE, 2018-2032 (USD MILLION)
TABLE 24. GLOBAL TRANSFORMER FOR PV MARKET SIZE, BY SINGLE PHASE, BY REGION, 2018-2032 (USD MILLION)
TABLE 25. GLOBAL TRANSFORMER FOR PV MARKET SIZE, BY SINGLE PHASE, BY GROUP, 2018-2032 (USD MILLION)
TABLE 26. GLOBAL TRANSFORMER FOR PV MARKET SIZE, BY SINGLE PHASE, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 27. GLOBAL TRANSFORMER FOR PV MARKET SIZE, BY THREE PHASE, BY REGION, 2018-2032 (USD MILLION)
TABLE 28. GLOBAL TRANSFORMER FOR PV MARKET SIZE, BY THREE PHASE, BY GROUP, 2018-2032 (USD MILLION)
TABLE 29. GLOBAL TRANSFORMER FOR PV MARKET SIZE, BY THREE PHASE, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 30. GLOBAL TRANSFORMER FOR PV MARKET SIZE, BY MOUNTING, 2018-2032 (USD MILLION)
TABLE 31. GLOBAL TRANSFORMER FOR PV MARKET SIZE, BY INDOOR, BY REGION, 2018-2032 (USD MILLION)
TABLE 32. GLOBAL TRANSFORMER FOR PV MARKET SIZE, BY INDOOR, BY GROUP, 2018-2032 (USD MILLION)
TABLE 33. GLOBAL TRANSFORMER FOR PV MARKET SIZE, BY INDOOR, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 34. GLOBAL TRANSFORMER FOR PV MARKET SIZE, BY OUTDOOR, BY REGION, 2018-2032 (USD MILLION)
TABLE 35. GLOBAL TRANSFORMER FOR PV MARKET SIZE, BY OUTDOOR, BY GROUP, 2018-2032 (USD MILLION)
TABLE 36. GLOBAL TRANSFORMER FOR PV MARKET SIZE, BY OUTDOOR, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 37. GLOBAL TRANSFORMER FOR PV MARKET SIZE, BY PAD MOUNTED, BY REGION, 2018-2032 (USD MILLION)
TABLE 38. GLOBAL TRANSFORMER FOR PV MARKET SIZE, BY PAD MOUNTED, BY GROUP, 2018-2032 (USD MILLION)
TABLE 39. GLOBAL TRANSFORMER FOR PV MARKET SIZE, BY PAD MOUNTED, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 40. GLOBAL TRANSFORMER FOR PV MARKET SIZE, BY POLE MOUNTED, BY REGION, 2018-2032 (USD MILLION)
TABLE 41. GLOBAL TRANSFORMER FOR PV MARKET SIZE, BY POLE MOUNTED, BY GROUP, 2018-2032 (USD MILLION)
TABLE 42. GLOBAL TRANSFORMER FOR PV MARKET SIZE, BY POLE MOUNTED, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 43. GLOBAL TRANSFORMER FOR PV MARKET SIZE, BY END USE, 2018-2032 (USD MILLION)
TABLE 44. GLOBAL TRANSFORMER FOR PV MARKET SIZE, BY COMMERCIAL AND INDUSTRIAL, BY REGION, 2018-2032 (USD MILLION)
TABLE 45. GLOBAL TRANSFORMER FOR PV MARKET SIZE, BY COMMERCIAL AND INDUSTRIAL, BY GROUP, 2018-2032 (USD MILLION)
TABLE 46. GLOBAL TRANSFORMER FOR PV MARKET SIZE, BY COMMERCIAL AND INDUSTRIAL, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 47. GLOBAL TRANSFORMER FOR PV MARKET SIZE, BY COMMERCIAL AND INDUSTRIAL, 2018-2032 (USD MILLION)
TABLE 48. GLOBAL TRANSFORMER FOR PV MARKET SIZE, BY EDUCATION, BY REGION, 2018-2032 (USD MILLION)
TABLE 49. GLOBAL TRANSFORMER FOR PV MARKET SIZE, BY EDUCATION, BY GROUP, 2018-2032 (USD MILLION)
TABLE 50. GLOBAL TRANSFORMER FOR PV MARKET SIZE, BY EDUCATION, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 51. GLOBAL TRANSFORMER FOR PV MARKET SIZE, BY HEALTHCARE, BY REGION, 2018-2032 (USD MILLION)
TABLE 52. GLOBAL TRANSFORMER FOR PV MARKET SIZE, BY HEALTHCARE, BY GROUP, 2018-2032 (USD MILLION)
TABLE 53. GLOBAL TRANSFORMER FOR PV MARKET SIZE, BY HEALTHCARE, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 54. GLOBAL TRANSFORMER FOR PV MARKET SIZE, BY MANUFACTURING, BY REGION, 2018-2032 (USD MILLION)
TABLE 55. GLOBAL TRANSFORMER FOR PV MARKET SIZE, BY MANUFACTURING, BY GROUP, 2018-2032 (USD MILLION)
TABLE 56. GLOBAL TRANSFORMER FOR PV MARKET SIZE, BY MANUFACTURING, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 57. GLOBAL TRANSFORMER FOR PV MARKET SIZE, BY RETAIL, BY REGION, 2018-2032 (USD MILLION)
TABLE 58. GLOBAL TRANSFORMER FOR PV MARKET SIZE, BY RETAIL, BY GROUP, 2018-2032 (USD MILLION)
TABLE 59. GLOBAL TRANSFORMER FOR PV MARKET SIZE, BY RETAIL, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 60. GLOBAL TRANSFORMER FOR PV MARKET SIZE, BY RESIDENTIAL, BY REGION, 2018-2032 (USD MILLION)
TABLE 61. GLOBAL TRANSFORMER FOR PV MARKET SIZE, BY RESIDENTIAL, BY GROUP, 2018-2032 (USD MILLION)
TABLE 62. GLOBAL TRANSFORMER FOR PV MARKET SIZE, BY RESIDENTIAL, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 63. GLOBAL TRANSFORMER FOR PV MARKET SIZE, BY RESIDENTIAL, 2018-2032 (USD MILLION)
TABLE 64. GLOBAL TRANSFORMER FOR PV MARKET SIZE, BY MULTI FAMILY, BY REGION, 2018-2032 (USD MILLION)
TABLE 65. GLOBAL TRANSFORMER FOR PV MARKET SIZE, BY MULTI FAMILY, BY GROUP, 2018-2032 (USD MILLION)
TABLE 66. GLOBAL TRANSFORMER FOR PV MARKET SIZE, BY MULTI FAMILY, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 67. GLOBAL TRANSFORMER FOR PV MARKET SIZE, BY SINGLE FAMILY, BY REGION, 2018-2032 (USD MILLION)
TABLE 68. GLOBAL TRANSFORMER FOR PV MARKET SIZE, BY SINGLE FAMILY, BY GROUP, 2018-2032 (USD MILLION)
TABLE 69. GLOBAL TRANSFORMER FOR PV MARKET SIZE, BY SINGLE FAMILY, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 70. GLOBAL TRANSFORMER FOR PV MARKET SIZE, BY UTILITY, BY REGION, 2018-2032 (USD MILLION)
TABLE 71. GLOBAL TRANSFORMER FOR PV MARKET SIZE, BY UTILITY, BY GROUP, 2018-2032 (USD MILLION)
TABLE 72. GLOBAL TRANSFORMER FOR PV MARKET SIZE, BY UTILITY, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 73. GLOBAL TRANSFORMER FOR PV MARKET SIZE, BY REGION, 2018-2032 (USD MILLION)
TABLE 74. AMERICAS TRANSFORMER FOR PV MARKET SIZE, BY SUBREGION, 2018-2032 (USD MILLION)
TABLE 75. AMERICAS TRANSFORMER FOR PV MARKET SIZE, BY TYPE, 2018-2032 (USD MILLION)
TABLE 76. AMERICAS TRANSFORMER FOR PV MARKET SIZE, BY DRY TYPE, 2018-2032 (USD MILLION)
TABLE 77. AMERICAS TRANSFORMER FOR PV MARKET SIZE, BY OIL COOLED, 2018-2032 (USD MILLION)
TABLE 78. AMERICAS TRANSFORMER FOR PV MARKET SIZE, BY PHASE, 2018-2032 (USD MILLION)
TABLE 79. AMERICAS TRANSFORMER FOR PV MARKET SIZE, BY MOUNTING, 2018-2032 (USD MILLION)
TABLE 80. AMERICAS TRANSFORMER FOR PV MARKET SIZE, BY END USE, 2018-2032 (USD MILLION)
TABLE 81. AMERICAS TRANSFORMER FOR PV MARKET SIZE, BY COMMERCIAL AND INDUSTRIAL, 2018-2032 (USD MILLION)
TABLE 82. AMERICAS TRANSFORMER FOR PV MARKET SIZE, BY RESIDENTIAL, 2018-2032 (USD MILLION)
TABLE 83. NORTH AMERICA TRANSFORMER FOR PV MARKET SIZE, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 84. NORTH AMERICA TRANSFORMER FOR PV MARKET SIZE, BY TYPE, 2018-2032 (USD MILLION)
TABLE 85. NORTH AMERICA TRANSFORMER FOR PV MARKET SIZE, BY DRY TYPE, 2018-2032 (USD MILLION)
TABLE 86. NORTH AMERICA TRANSFORMER FOR PV MARKET SIZE, BY OIL COOLED, 2018-2032 (USD MILLION)
TABLE 87. NORTH AMERICA TRANSFORMER FOR PV MARKET SIZE, BY PHASE, 2018-2032 (USD MILLION)
TABLE 88. NORTH AMERICA TRANSFORMER FOR PV MARKET SIZE, BY MOUNTING, 2018-2032 (USD MILLION)
TABLE 89. NORTH AMERICA TRANSFORMER FOR PV MARKET SIZE, BY END USE, 2018-2032 (USD MILLION)
TABLE 90. NORTH AMERICA TRANSFORMER FOR PV MARKET SIZE, BY COMMERCIAL AND INDUSTRIAL, 2018-2032 (USD MILLION)
TABLE 91. NORTH AMERICA TRANSFORMER FOR PV MARKET SIZE, BY RESIDENTIAL, 2018-2032 (USD MILLION)
TABLE 92. LATIN AMERICA TRANSFORMER FOR PV MARKET SIZE, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 93. LATIN AMERICA TRANSFORMER FOR PV MARKET SIZE, BY TYPE, 2018-2032 (USD MILLION)
TABLE 94. LATIN AMERICA TRANSFORMER FOR PV MARKET SIZE, BY DRY TYPE, 2018-2032 (USD MILLION)
TABLE 95. LATIN AMERICA TRANSFORMER FOR PV MARKET SIZE, BY OIL COOLED, 2018-2032 (USD MILLION)
TABLE 96. LATIN AMERICA TRANSFORMER FOR PV MARKET SIZE, BY PHASE, 2018-2032 (USD MILLION)
TABLE 97. LATIN AMERICA TRANSFORMER FOR PV MARKET SIZE, BY MOUNTING, 2018-2032 (USD MILLION)
TABLE 98. LATIN AMERICA TRANSFORMER FOR PV MARKET SIZE, BY END USE, 2018-2032 (USD MILLION)
TABLE 99. LATIN AMERICA TRANSFORMER FOR PV MARKET SIZE, BY COMMERCIAL AND INDUSTRIAL, 2018-2032 (USD MILLION)
TABLE 100. LATIN AMERICA TRANSFORMER FOR PV MARKET SIZE, BY RESIDENTIAL, 2018-2032 (USD MILLION)
TABLE 101. EUROPE, MIDDLE EAST & AFRICA TRANSFORMER FOR PV MARKET SIZE, BY SUBREGION, 2018-2032 (USD MILLION)
TABLE 102. EUROPE, MIDDLE EAST & AFRICA TRANSFORMER FOR PV MARKET SIZE, BY TYPE, 2018-2032 (USD MILLION)
TABLE 103. EUROPE, MIDDLE EAST & AFRICA TRANSFORMER FOR PV MARKET SIZE, BY DRY TYPE, 2018-2032 (USD MILLION)
TABLE 104. EUROPE, MIDDLE EAST & AFRICA TRANSFORMER FOR PV MARKET SIZE, BY OIL COOLED, 2018-2032 (USD MILLION)
TABLE 105. EUROPE, MIDDLE EAST & AFRICA TRANSFORMER FOR PV MARKET SIZE, BY PHASE, 2018-2032 (USD MILLION)
TABLE 106. EUROPE, MIDDLE EAST & AFRICA TRANSFORMER FOR PV MARKET SIZE, BY MOUNTING, 2018-2032 (USD MILLION)
TABLE 107. EUROPE, MIDDLE EAST & AFRICA TRANSFORMER FOR PV MARKET SIZE, BY END USE, 2018-2032 (USD MILLION)
TABLE 108. EUROPE, MIDDLE EAST & AFRICA TRANSFORMER FOR PV MARKET SIZE, BY COMMERCIAL AND INDUSTRIAL, 2018-2032 (USD MILLION)
TABLE 109. EUROPE, MIDDLE EAST & AFRICA TRANSFORMER FOR PV MARKET SIZE, BY RESIDENTIAL, 2018-2032 (USD MILLION)
TABLE 110. EUROPE TRANSFORMER FOR PV MARKET SIZE, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 111. EUROPE TRANSFORMER FOR PV MARKET SIZE, BY TYPE, 2018-2032 (USD MILLION)
TABLE 112. EUROPE TRANSFORMER FOR PV MARKET SIZE, BY DRY TYPE, 2018-2032 (USD MILLION)
TABLE 113. EUROPE TRANSFORMER FOR PV MARKET SIZE, BY OIL COOLED, 2018-2032 (USD MILLION)
TABLE 114. EUROPE TRANSFORMER FOR PV MARKET SIZE, BY PHASE, 2018-2032 (USD MILLION)
TABLE 115. EUROPE TRANSFORMER FOR PV MARKET SIZE, BY MOUNTING, 2018-2032 (USD MILLION)
TABLE 116. EUROPE TRANSFORMER FOR PV MARKET SIZE, BY END USE, 2018-2032 (USD MILLION)
TABLE 117. EUROPE TRANSFORMER FOR PV MARKET SIZE, BY COMMERCIAL AND INDUSTRIAL, 2018-2032 (USD MILLION)
TABLE 118. EUROPE TRANSFORMER FOR PV MARKET SIZE, BY RESIDENTIAL, 2018-2032 (USD MILLION)
TABLE 119. MIDDLE EAST TRANSFORMER FOR PV MARKET SIZE, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 120. MIDDLE EAST TRANSFORMER FOR PV MARKET SIZE, BY TYPE, 2018-2032 (USD MILLION)
TABLE 121. MIDDLE EAST TRANSFORMER FOR PV MARKET SIZE, BY DRY TYPE, 2018-2032 (USD MILLION)
TABLE 122. MIDDLE EAST TRANSFORMER FOR PV MARKET SIZE, BY OIL COOLED, 2018-2032 (USD MILLION)
TABLE 123. MIDDLE EAST TRANSFORMER FOR PV MARKET SIZE, BY PHASE, 2018-2032 (USD MILLION)
TABLE 124. MIDDLE EAST TRANSFORMER FOR PV MARKET SIZE, BY MOUNTING, 2018-2032 (USD MILLION)
TABLE 125. MIDDLE EAST TRANSFORMER FOR PV MARKET SIZE, BY END USE, 2018-2032 (USD MILLION)
TABLE 126. MIDDLE EAST TRANSFORMER FOR PV MARKET SIZE, BY COMMERCIAL AND INDUSTRIAL, 2018-2032 (USD MILLION)
TABLE 127. MIDDLE EAST TRANSFORMER FOR PV MARKET SIZE, BY RESIDENTIAL, 2018-2032 (USD MILLION)
TABLE 128. AFRICA TRANSFORMER FOR PV MARKET SIZE, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 129. AFRICA TRANSFORMER FOR PV MARKET SIZE, BY TYPE, 2018-2032 (USD MILLION)
TABLE 130. AFRICA TRANSFORMER FOR PV MARKET SIZE, BY DRY TYPE, 2018-2032 (USD MILLION)
TABLE 131. AFRICA TRANSFORMER FOR PV MARKET SIZE, BY OIL COOLED, 2018-2032 (USD MILLION)
TABLE 132. AFRICA TRANSFORMER FOR PV MARKET SIZE, BY PHASE, 2018-2032 (USD MILLION)
TABLE 133. AFRICA TRANSFORMER FOR PV MARKET SIZE, BY MOUNTING, 2018-2032 (USD MILLION)
TABLE 134. AFRICA TRANSFORMER FOR PV MARKET SIZE, BY END USE, 2018-2032 (USD MILLION)
TABLE 135. AFRICA TRANSFORMER FOR PV MARKET SIZE, BY COMMERCIAL AND INDUSTRIAL, 2018-2032 (USD MILLION)
TABLE 136. AFRICA TRANSFORMER FOR PV MARKET SIZE, BY RESIDENTIAL, 2018-2032 (USD MILLION)
TABLE 137. ASIA-PACIFIC TRANSFORMER FOR PV MARKET SIZE, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 138. ASIA-PACIFIC TRANSFORMER FOR PV MARKET SIZE, BY TYPE, 2018-2032 (USD MILLION)
TABLE 139. ASIA-PACIFIC TRANSFORMER FOR PV MARKET SIZE, BY DRY TYPE, 2018-2032 (USD MILLION)
TABLE 140. ASIA-PACIFIC TRANSFORMER FOR PV MARKET SIZE, BY OIL COOLED, 2018-2032 (USD MILLION)
TABLE 141. ASIA-PACIFIC TRANSFORMER FOR PV MARKET SIZE, BY PHASE, 2018-2032 (USD MILLION)
TABLE 142. ASIA-PACIFIC TRANSFORMER FOR PV MARKET SIZE, BY MOUNTING, 2018-2032 (USD MILLION)
TABLE 143. ASIA-PACIFIC TRANSFORMER FOR PV MARKET SIZE, BY END USE, 2018-2032 (USD MILLION)
TABLE 144. ASIA-PACIFIC TRANSFORMER FOR PV MARKET SIZE, BY COMMERCIAL AND INDUSTRIAL, 2018-2032 (USD MILLION)
TABLE 145. ASIA-PACIFIC TRANSFORMER FOR PV MARKET SIZE, BY RESIDENTIAL, 2018-2032 (USD MILLION)
TABLE 146. GLOBAL TRANSFORMER FOR PV MARKET SIZE, BY GROUP, 2018-2032 (USD MILLION)
TABLE 147. ASEAN TRANSFORMER FOR PV MARKET SIZE, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 148. ASEAN TRANSFORMER FOR PV MARKET SIZE, BY TYPE, 2018-2032 (USD MILLION)
TABLE 149. ASEAN TRANSFORMER FOR PV MARKET SIZE, BY DRY TYPE, 2018-2032 (USD MILLION)
TABLE 150. ASEAN TRANSFORMER FOR PV MARKET SIZE, BY OIL COOLED, 2018-2032 (USD MILLION)
TABLE 151. ASEAN TRANSFORMER FOR PV MARKET SIZE, BY PHASE, 2018-2032 (USD MILLION)
TABLE 152. ASEAN TRANSFORMER FOR PV MARKET SIZE, BY MOUNTING, 2018-2032 (USD MILLION)
TABLE 153. ASEAN TRANSFORMER FOR PV MARKET SIZE, BY END USE, 2018-2032 (USD MILLION)
TABLE 154. ASEAN TRANSFORMER FOR PV MARKET SIZE, BY COMMERCIAL AND INDUSTRIAL, 2018-2032 (USD MILLION)
TABLE 155. ASEAN TRANSFORMER FOR PV MARKET SIZE, BY RESIDENTIAL, 2018-2032 (USD MILLION)
TABLE 156. GCC TRANSFORMER FOR PV MARKET SIZE, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 157. GCC TRANSFORMER FOR PV MARKET SIZE, BY TYPE, 2018-2032 (USD MILLION)
TABLE 158. GCC TRANSFORMER FOR PV MARKET SIZE, BY DRY TYPE, 2018-2032 (USD MILLION)
TABLE 159. GCC TRANSFORMER FOR PV MARKET SIZE, BY OIL COOLED, 2018-2032 (USD MILLION)
TABLE 160. GCC TRANSFORMER FOR PV MARKET SIZE, BY PHASE, 2018-2032 (USD MILLION)
TABLE 161. GCC TRANSFORMER FOR PV MARKET SIZE, BY MOUNTING, 2018-2032 (USD MILLION)
TABLE 162. GCC TRANSFORMER FOR PV MARKET SIZE, BY END USE, 2018-2032 (USD MILLION)
TABLE 163. GCC TRANSFORMER FOR PV MARKET SIZE, BY COMMERCIAL AND INDUSTRIAL, 2018-2032 (USD MILLION)
TABLE 164. GCC TRANSFORMER FOR PV MARKET SIZE, BY RESIDENTIAL, 2018-2032 (USD MILLION)
TABLE 165. EUROPEAN UNION TRANSFORMER FOR PV MARKET SIZE, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 166. EUROPEAN UNION TRANSFORMER FOR PV MARKET SIZE, BY TYPE, 2018-2032 (USD MILLION)
TABLE 167. EUROPEAN UNION TRANSFORMER FOR PV MARKET SIZE, BY DRY TYPE, 2018-2032 (USD MILLION)
TABLE 168. EUROPEAN UNION TRANSFORMER FOR PV MARKET SIZE, BY OIL COOLED, 2018-2032 (USD MILLION)
TABLE 169. EUROPEAN UNION TRANSFORMER FOR PV MARKET SIZE, BY PHASE, 2018-2032 (USD MILLION)
TABLE 170. EUROPEAN UNION TRANSFORMER FOR PV MARKET SIZE, BY MOUNTING, 2018-2032 (USD MILLION)
TABLE 171. EUROPEAN UNION TRANSFORMER FOR PV MARKET SIZE, BY END USE, 2018-2032 (USD MILLION)
TABLE 172. EUROPEAN UNION TRANSFORMER FOR PV MARKET SIZE, BY COMMERCIAL AND INDUSTRIAL, 2018-2032 (USD MILLION)
TABLE 173. EUROPEAN UNION TRANSFORMER FOR PV MARKET SIZE, BY RESIDENTIAL, 2018-2032 (USD MILLION)
TABLE 174. BRICS TRANSFORMER FOR PV MARKET SIZE, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 175. BRICS TRANSFORMER FOR PV MARKET SIZE, BY TYPE, 2018-2032 (USD MILLION)
TABLE 176. BRICS TRANSFORMER FOR PV MARKET SIZE, BY DRY TYPE, 2018-2032 (USD MILLION)
TABLE 177. BRICS TRANSFORMER FOR PV MARKET SIZE, BY OIL COOLED, 2018-2032 (USD MILLION)
TABLE 178. BRICS TRANSFORMER FOR PV MARKET SIZE, BY PHASE, 2018-2032 (USD MILLION)
TABLE 179. BRICS TRANSFORMER FOR PV MARKET SIZE, BY MOUNTING, 2018-2032 (USD MILLION)
TABLE 180. BRICS TRANSFORMER FOR PV MARKET SIZE, BY END USE, 2018-2032 (USD MILLION)
TABLE 181. BRICS TRANSFORMER FOR PV MARKET SIZE, BY COMMERCIAL AND INDUSTRIAL, 2018-2032 (USD MILLION)
TABLE 182. BRICS TRANSFORMER FOR PV MARKET SIZE, BY RESIDENTIAL, 2018-2032 (USD MILLION)
TABLE 183. G7 TRANSFORMER FOR PV MARKET SIZE, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 184. G7 TRANSFORMER FOR PV MARKET SIZE, BY TYPE, 2018-2032 (USD MILLION)
TABLE 185. G7 TRANSFORMER FOR PV MARKET SIZE, BY DRY TYPE, 2018-2032 (USD MILLION)
TABLE 186. G7 TRANSFORMER FOR PV MARKET SIZE, BY OIL COOLED, 2018-2032 (USD MILLION)
TABLE 187. G7 TRANSFORMER FOR PV MARKET SIZE, BY PHASE, 2018-2032 (USD MILLION)
TABLE 188. G7 TRANSFORMER FOR PV MARKET SIZE, BY MOUNTING, 2018-2032 (USD MILLION)
TABLE 189. G7 TRANSFORMER FOR PV MARKET SIZE, BY END USE, 2018-2032 (USD MILLION)
TABLE 190. G7 TRANSFORMER FOR PV MARKET SIZE, BY COMMERCIAL AND INDUSTRIAL, 2018-2032 (USD MILLION)
TABLE 191. G7 TRANSFORMER FOR PV MARKET SIZE, BY RESIDENTIAL, 2018-2032 (USD MILLION)
TABLE 192. NATO TRANSFORMER FOR PV MARKET SIZE, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 193. NATO TRANSFORMER FOR PV MARKET SIZE, BY TYPE, 2018-2032 (USD MILLION)
TABLE 194. NATO TRANSFORMER FOR PV MARKET SIZE, BY DRY TYPE, 2018-2032 (USD MILLION)
TABLE 195. NATO TRANSFORMER FOR PV MARKET SIZE, BY OIL COOLED, 2018-2032 (USD MILLION)
TABLE 196. NATO TRANSFORMER FOR PV MARKET SIZE, BY PHASE, 2018-2032 (USD MILLION)
TABLE 197. NATO TRANSFORMER FOR PV MARKET SIZE, BY MOUNTING, 2018-2032 (USD MILLION)
TABLE 198. NATO TRANSFORMER FOR PV MARKET SIZE, BY END USE, 2018-2032 (USD MILLION)
TABLE 199. NATO TRANSFORMER FOR PV MARKET SIZE, BY COMMERCIAL AND INDUSTRIAL, 2018-2032 (USD MILLION)
TABLE 200. NATO TRANSFORMER FOR PV MARKET SIZE, BY RESIDENTIAL, 2018-2032 (USD MILLION)
TABLE 201. GLOBAL TRANSFORMER FOR PV MARKET SIZE, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 202. UNITED STATES TRANSFORMER FOR PV MARKET SIZE, 2018-2032 (USD MILLION)
TABLE 203. UNITED STATES TRANSFORMER FOR PV MARKET SIZE, BY TYPE, 2018-2032 (USD MILLION)
TABLE 204. UNITED STATES TRANSFORMER FOR PV MARKET SIZE, BY DRY TYPE, 2018-2032 (USD MILLION)
TABLE 205. UNITED STATES TRANSFORMER FOR PV MARKET SIZE, BY OIL COOLED, 2018-2032 (USD MILLION)
TABLE 206. UNITED STATES TRANSFORMER FOR PV MARKET SIZE, BY PHASE, 2018-2032 (USD MILLION)
TABLE 207. UNITED STATES TRANSFORMER FOR PV MARKET SIZE, BY MOUNTING, 2018-2032 (USD MILLION)
TABLE 208. UNITED STATES TRANSFORMER FOR PV MARKET SIZE, BY END USE, 2018-2032 (USD MILLION)
TABLE 209. UNITED STATES TRANSFORMER FOR PV MARKET SIZE, BY COMMERCIAL AND INDUSTRIAL, 2018-2032 (USD MILLION)
TABLE 210. UNITED STATES TRANSFORMER FOR PV MARKET SIZE, BY RESIDENTIAL, 2018-2032 (USD MILLION)
TABLE 211. CHINA TRANSFORMER FOR PV MARKET SIZE, 2018-2032 (USD MILLION)
TABLE 212. CHINA TRANSFORMER FOR PV MARKET SIZE, BY TYPE, 2018-2032 (USD MILLION)
TABLE 213. CHINA TRANSFORMER FOR PV MARKET SIZE, BY DRY TYPE, 2018-2032 (USD MILLION)
TABLE 214. CHINA TRANSFORMER FOR PV MARKET SIZE, BY OIL COOLED, 2018-2032 (USD MILLION)
TABLE 215. CHINA TRANSFORMER FOR PV MARKET SIZE, BY PHASE, 2018-2032 (USD MILLION)
TABLE 216. CHINA TRANSFORMER FOR PV MARKET SIZE, BY MOUNTING, 2018-2032 (USD MILLION)
TABLE 217. CHINA TRANSFORMER FOR PV MARKET SIZE, BY END USE, 2018-2032 (USD MILLION)
TABLE 218. CHINA TRANSFORMER FOR PV MARKET SIZE, BY COMMERCIAL AND INDUSTRIAL, 2018-2032 (USD MILLION)
TABLE 219. CHINA TRANSFORMER FOR PV MARKET SIZE, BY RESIDENTIAL, 2018-2032 (USD MILLION)

Companies Mentioned

The key companies profiled in this Transformer for PV market report include:

ABB Ltd
Bluesun Solar Co Ltd
Carspa New Energy Co Ltd
CG Power and Industrial Solutions Ltd
Eaton Corporation plc
ELSCO Transformers LLC
General Electric Company
HD Hyundai Electric Co Ltd
Hitachi Energy Ltd
Hyosung Heavy Industries Corporation
Kimarki Transformadores SA
Luxtrafo Transformadores SA
Meba Electric Co Ltd
Mitsubishi Electric Corporation
NRE Technology Co Ltd
Olsun Electrics Corporation
Schneider Electric SE
Schweitzer Engineering Laboratories Inc
SGB‑SMIT Group
Siemens Energy AG
SPX Transformer Solutions Inc
TBEA Co Ltd
Toshiba Energy Systems & Solutions Corporation
Virginia Transformer Corporation
Zetwerk Manufacturing USA LLC

Table Information

Report Attribute	Details
No. of Pages	188
Published	January 2026
Forecast Period	2026 - 2032
Estimated Market Value ( USD ) in 2026	$ 5.53 Billion
Forecasted Market Value ( USD ) by 2032	$ 10.84 Billion
Compound Annual Growth Rate	12.1%
Regions Covered	Global
No. of Companies Mentioned	26

License	Properties	Price
SINGLE USER LICENSE PDF, Excel and Online Access	This is a single user license, allowing one user access to the product.	€3505EUR$3,939USD£3,044GBP
1 - 5 USER LICENSE PDF, Excel and Online Access	This is a 1-5 user license, allowing up to five users have access to the product.	€3781EUR$4,249USD£3,283GBP
SITE LICENSE PDF, Excel and Online Access	This is a site license, allowing all users within a given geographical location of your organization access to the product.	€5125EUR$5,759USD£4,450GBP
ENTERPRISE LICENSE PDF, Excel and Online Access	This is an enterprise license, allowing all employees within your organization access to the product.	€6201EUR$6,969USD£5,385GBP

Market Snapshot: PV Transformer Market

Scope & Segmentation

Key Takeaways: Strategic Insights for Decision-Makers

Tariff Impact: Navigating US Procurement Realities

PV Transformer Market: Methodology & Data Sources

Why This Report Matters

Conclusion

Table of Contents

Companies Mentioned

Table Information

Related Topics

Related Reports

Photovoltaics - Global Strategic Business Report

North America Solar Photovoltaic (PV) Market - Growth, Trends, and Forecasts (2023-2028)

Building Applied Photovoltaics Market - Global Strategic Business Report

Transformer Report Edition 12, 2024 - Vol 1 & 2

Transformers Market for Renewable Energy 2025-2029