Global Transformers Market for Renewable Energy 2025-2029

Description

List of Tables

The transformers for renewable energy market is forecasted to grow by USD 4034 mn 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.

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.

Market Scope
Base Year	2025
End Year	2029
Series Year	2025-2029
Growth Momentum	Accelerate
YOY 2025	4.4%
CAGR	4.6%
Incremental Value	$4034 mn

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.

Technavio's 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

This study identifies the rising number of offshore wind farm installation as one of the prime reasons driving the transformers for renewable energy market growth during the next few years. Also, rising adoption of solar as hybrid power system and digitalization of transformers will lead to sizable demand in the market.

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 robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading transformers for renewable energy market vendors that include 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.. Also, the transformers for renewable energy market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The publisher 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.

Product Code: IRTNTR46482

1 Executive Summary

1.1 Market overview
- Executive Summary - Chart on Market Overview
- Executive Summary - Data Table on Market Overview
- Executive Summary - Chart on Global Market Characteristics
- Executive Summary - Chart on Market By Geographical Landscape
- Executive Summary - Chart on Market Segmentation by Application
- Executive Summary - Chart on Market Segmentation by Indication
- Executive Summary - Chart on Market Segmentation by Type
- Executive Summary - Chart on Market Segmentation by Capacity
- Executive Summary - Chart on Incremental Growth
- Executive Summary - Data Table on Incremental Growth
- Executive Summary - Chart on Company Market Positioning

2 Technavio Analysis

2.1 Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
- Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
2.2 Criticality of inputs and Factors of differentiation
- Overview on criticality of inputs and factors of differentiation
2.3 Factors of disruption
- Overview on factors of disruption
2.4 Impact of drivers and challenges
- Impact of drivers and challenges in 2024 and 2029

3 Market Landscape

3.1 Market ecosystem
- Parent Market
- Data Table on - Parent Market
3.2 Market characteristics
- Market characteristics analysis
3.3 Value chain analysis
- Value chain analysis

4 Market Sizing

4.1 Market definition
- Offerings of companies included in the market definition
4.2 Market segment analysis
- Market segments
4.3 Market size 2024
4.4 Market outlook: Forecast for 2024-2029
- Chart on Global - Market size and forecast 2024-2029 ($ million)
- Data Table on Global - Market size and forecast 2024-2029 ($ million)
- Chart on Global Market: Year-over-year growth 2024-2029 (%)
- Data Table on Global Market: Year-over-year growth 2024-2029 (%)

5 Historic Market Size

5.1 Global Transformers Market For Renewable Energy 2019 - 2023
- Historic Market Size - Data Table on Global Transformers Market For Renewable Energy 2019 - 2023 ($ million)
5.2 Application segment analysis 2019 - 2023
- Historic Market Size - Application Segment 2019 - 2023 ($ million)
5.3 Indication segment analysis 2019 - 2023
- Historic Market Size - Indication Segment 2019 - 2023 ($ million)
5.4 Type segment analysis 2019 - 2023
- Historic Market Size - Type Segment 2019 - 2023 ($ million)
5.5 Capacity segment analysis 2019 - 2023
- Historic Market Size - Capacity Segment 2019 - 2023 ($ million)
5.6 Geography segment analysis 2019 - 2023
- Historic Market Size - Geography Segment 2019 - 2023 ($ million)
5.7 Country segment analysis 2019 - 2023
- Historic Market Size - Country Segment 2019 - 2023 ($ million)

6 Qualitative Analysis

6.1 Impact of AI on Global Transformers Market for Renewable Energy

7 Five Forces Analysis

7.1 Five forces summary
- Five forces analysis - Comparison between 2024 and 2029
7.2 Bargaining power of buyers
- Bargaining power of buyers - Impact of key factors 2024 and 2029
7.3 Bargaining power of suppliers
- Bargaining power of suppliers - Impact of key factors in 2024 and 2029
7.4 Threat of new entrants
- Threat of new entrants - Impact of key factors in 2024 and 2029
7.5 Threat of substitutes
- Threat of substitutes - Impact of key factors in 2024 and 2029
7.6 Threat of rivalry
- Threat of rivalry - Impact of key factors in 2024 and 2029
7.7 Market condition
- Chart on Market condition - Five forces 2024 and 2029

8 Market Segmentation by Application

8.1 Market segments
- Chart on Application - Market share 2024-2029 (%)
- Data Table on Application - Market share 2024-2029 (%)
8.2 Comparison by Application
- Chart on Comparison by Application
- Data Table on Comparison by Application
8.3 Solar PV - Market size and forecast 2024-2029
- Chart on Solar PV - Market size and forecast 2024-2029 ($ million)
- Data Table on Solar PV - Market size and forecast 2024-2029 ($ million)
- Chart on Solar PV - Year-over-year growth 2024-2029 (%)
- Data Table on Solar PV - Year-over-year growth 2024-2029 (%)
8.4 Wind farm - Market size and forecast 2024-2029
- Chart on Wind farm - Market size and forecast 2024-2029 ($ million)
- Data Table on Wind farm - Market size and forecast 2024-2029 ($ million)
- Chart on Wind farm - Year-over-year growth 2024-2029 (%)
- Data Table on Wind farm - Year-over-year growth 2024-2029 (%)
8.5 Market opportunity by Application
- Market opportunity by Application ($ million)
- Data Table on Market opportunity by Application ($ million)

9 Market Segmentation by Indication

9.1 Market segments
- Chart on Indication - Market share 2024-2029 (%)
- Data Table on Indication - Market share 2024-2029 (%)
9.2 Comparison by Indication
- Chart on Comparison by Indication
- Data Table on Comparison by Indication
9.3 Dry insulation - Market size and forecast 2024-2029
- Chart on Dry insulation - Market size and forecast 2024-2029 ($ million)
- Data Table on Dry insulation - Market size and forecast 2024-2029 ($ million)
- Chart on Dry insulation - Year-over-year growth 2024-2029 (%)
- Data Table on Dry insulation - Year-over-year growth 2024-2029 (%)
9.4 Liquid immersed insulation - Market size and forecast 2024-2029
- Chart on Liquid immersed insulation - Market size and forecast 2024-2029 ($ million)
- Data Table on Liquid immersed insulation - Market size and forecast 2024-2029 ($ million)
- Chart on Liquid immersed insulation - Year-over-year growth 2024-2029 (%)
- Data Table on Liquid immersed insulation - Year-over-year growth 2024-2029 (%)
9.5 Market opportunity by Indication
- Market opportunity by Indication ($ million)
- Data Table on Market opportunity by Indication ($ million)

10 Market Segmentation by Type

10.1 Market segments
- Chart on Type - Market share 2024-2029 (%)
- Data Table on Type - Market share 2024-2029 (%)
10.2 Comparison by Type
- Chart on Comparison by Type
- Data Table on Comparison by Type
10.3 Distribution transformers - Market size and forecast 2024-2029
- Chart on Distribution transformers - Market size and forecast 2024-2029 ($ million)
- Data Table on Distribution transformers - Market size and forecast 2024-2029 ($ million)
- Chart on Distribution transformers - Year-over-year growth 2024-2029 (%)
- Data Table on Distribution transformers - Year-over-year growth 2024-2029 (%)
10.4 Power transformers - Market size and forecast 2024-2029
- Chart on Power transformers - Market size and forecast 2024-2029 ($ million)
- Data Table on Power transformers - Market size and forecast 2024-2029 ($ million)
- Chart on Power transformers - Year-over-year growth 2024-2029 (%)
- Data Table on Power transformers - Year-over-year growth 2024-2029 (%)
10.5 Others - Market size and forecast 2024-2029
- Chart on Others - Market size and forecast 2024-2029 ($ million)
- Data Table on Others - Market size and forecast 2024-2029 ($ million)
- Chart on Others - Year-over-year growth 2024-2029 (%)
- Data Table on Others - Year-over-year growth 2024-2029 (%)
10.6 Market opportunity by Type
- Market opportunity by Type ($ million)
- Data Table on Market opportunity by Type ($ million)

11 Market Segmentation by Capacity

11.1 Market segments
- Chart on Capacity - Market share 2024-2029 (%)
- Data Table on Capacity - Market share 2024-2029 (%)
11.2 Comparison by Capacity
- Chart on Comparison by Capacity
- Data Table on Comparison by Capacity
- 5 MVA to 100 MVA - Market size and forecast 2024-2029
- Chart on 5 MVA to 100 MVA - Market size and forecast 2024-2029 ($ million)
- Data Table on 5 MVA to 100 MVA - Market size and forecast 2024-2029 ($ million)
- Chart on 5 MVA to 100 MVA - Year-over-year growth 2024-2029 (%)
- Data Table on 5 MVA to 100 MVA - Year-over-year growth 2024-2029 (%)
- 100 MVA to 500 MVA - Market size and forecast 2024-2029
- Chart on 100 MVA to 500 MVA - Market size and forecast 2024-2029 ($ million)
- Data Table on 100 MVA to 500 MVA - Market size and forecast 2024-2029 ($ million)
- Chart on 100 MVA to 500 MVA - Year-over-year growth 2024-2029 (%)
- Data Table on 100 MVA to 500 MVA - Year-over-year growth 2024-2029 (%)
- 500 MVA and Above - Market size and forecast 2024-2029
- Chart on 500 MVA and Above - Market size and forecast 2024-2029 ($ million)
- Data Table on 500 MVA and Above - Market size and forecast 2024-2029 ($ million)
- Chart on 500 MVA and Above - Year-over-year growth 2024-2029 (%)
- Data Table on 500 MVA and Above - Year-over-year growth 2024-2029 (%)
11.6 Market opportunity by Capacity
- Market opportunity by Capacity ($ million)
- Data Table on Market opportunity by Capacity ($ million)

12 Customer Landscape

12.1 Customer landscape overview
- Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

13 Geographic Landscape

13.1 Geographic segmentation
- Chart on Market share By Geographical Landscape 2024-2029 (%)
- Data Table on Market share By Geographical Landscape 2024-2029 (%)
13.2 Geographic comparison
- Chart on Geographic comparison
- Data Table on Geographic comparison
13.3 APAC - Market size and forecast 2024-2029
- Chart on APAC - Market size and forecast 2024-2029 ($ million)
- Data Table on APAC - Market size and forecast 2024-2029 ($ million)
- Chart on APAC - Year-over-year growth 2024-2029 (%)
- Data Table on APAC - Year-over-year growth 2024-2029 (%)
13.4 Europe - Market size and forecast 2024-2029
- Chart on Europe - Market size and forecast 2024-2029 ($ million)
- Data Table on Europe - Market size and forecast 2024-2029 ($ million)
- Chart on Europe - Year-over-year growth 2024-2029 (%)
- Data Table on Europe - Year-over-year growth 2024-2029 (%)
13.5 North America - Market size and forecast 2024-2029
- Chart on North America - Market size and forecast 2024-2029 ($ million)
- Data Table on North America - Market size and forecast 2024-2029 ($ million)
- Chart on North America - Year-over-year growth 2024-2029 (%)
- Data Table on North America - Year-over-year growth 2024-2029 (%)
13.6 South America - Market size and forecast 2024-2029
- Chart on South America - Market size and forecast 2024-2029 ($ million)
- Data Table on South America - Market size and forecast 2024-2029 ($ million)
- Chart on South America - Year-over-year growth 2024-2029 (%)
- Data Table on South America - Year-over-year growth 2024-2029 (%)
13.7 Middle East and Africa - Market size and forecast 2024-2029
- Chart on Middle East and Africa - Market size and forecast 2024-2029 ($ million)
- Data Table on Middle East and Africa - Market size and forecast 2024-2029 ($ million)
- Chart on Middle East and Africa - Year-over-year growth 2024-2029 (%)
- Data Table on Middle East and Africa - Year-over-year growth 2024-2029 (%)
13.8 China - Market size and forecast 2024-2029
- Chart on China - Market size and forecast 2024-2029 ($ million)
- Data Table on China - Market size and forecast 2024-2029 ($ million)
- Chart on China - Year-over-year growth 2024-2029 (%)
- Data Table on China - Year-over-year growth 2024-2029 (%)
13.9 India - Market size and forecast 2024-2029
- Chart on India - Market size and forecast 2024-2029 ($ million)
- Data Table on India - Market size and forecast 2024-2029 ($ million)
- Chart on India - Year-over-year growth 2024-2029 (%)
- Data Table on India - Year-over-year growth 2024-2029 (%)
13.10 Japan - Market size and forecast 2024-2029
- Chart on Japan - Market size and forecast 2024-2029 ($ million)
- Data Table on Japan - Market size and forecast 2024-2029 ($ million)
- Chart on Japan - Year-over-year growth 2024-2029 (%)
- Data Table on Japan - Year-over-year growth 2024-2029 (%)
13.11 US - Market size and forecast 2024-2029
- Chart on US - Market size and forecast 2024-2029 ($ million)
- Data Table on US - Market size and forecast 2024-2029 ($ million)
- Chart on US - Year-over-year growth 2024-2029 (%)
- Data Table on US - Year-over-year growth 2024-2029 (%)
13.12 South Korea - Market size and forecast 2024-2029
- Chart on South Korea - Market size and forecast 2024-2029 ($ million)
- Data Table on South Korea - Market size and forecast 2024-2029 ($ million)
- Chart on South Korea - Year-over-year growth 2024-2029 (%)
- Data Table on South Korea - Year-over-year growth 2024-2029 (%)
13.13 Australia - Market size and forecast 2024-2029
- Chart on Australia - Market size and forecast 2024-2029 ($ million)
- Data Table on Australia - Market size and forecast 2024-2029 ($ million)
- Chart on Australia - Year-over-year growth 2024-2029 (%)
- Data Table on Australia - Year-over-year growth 2024-2029 (%)
13.14 Germany - Market size and forecast 2024-2029
- Chart on Germany - Market size and forecast 2024-2029 ($ million)
- Data Table on Germany - Market size and forecast 2024-2029 ($ million)
- Chart on Germany - Year-over-year growth 2024-2029 (%)
- Data Table on Germany - Year-over-year growth 2024-2029 (%)
13.15 UK - Market size and forecast 2024-2029
- Chart on UK - Market size and forecast 2024-2029 ($ million)
- Data Table on UK - Market size and forecast 2024-2029 ($ million)
- Chart on UK - Year-over-year growth 2024-2029 (%)
- Data Table on UK - Year-over-year growth 2024-2029 (%)
13.16 France - Market size and forecast 2024-2029
- Chart on France - Market size and forecast 2024-2029 ($ million)
- Data Table on France - Market size and forecast 2024-2029 ($ million)
- Chart on France - Year-over-year growth 2024-2029 (%)
- Data Table on France - Year-over-year growth 2024-2029 (%)
13.17 Canada - Market size and forecast 2024-2029
- Chart on Canada - Market size and forecast 2024-2029 ($ million)
- Data Table on Canada - Market size and forecast 2024-2029 ($ million)
- Chart on Canada - Year-over-year growth 2024-2029 (%)
- Data Table on Canada - Year-over-year growth 2024-2029 (%)
13.18 Market opportunity By Geographical Landscape
- Market opportunity By Geographical Landscape ($ million)
- Data Tables on Market opportunity By Geographical Landscape ($ million)

14 Drivers, Challenges, and Opportunity/Restraints

14.1 Market drivers
14.2 Market challenges
14.3 Impact of drivers and challenges
- Impact of drivers and challenges in 2024 and 2029
14.4 Market opportunities/restraints

15 Competitive Landscape

15.1 Overview
15.2 Competitive Landscape
- Overview on criticality of inputs and factors of differentiation
15.3 Landscape disruption
- Overview on factors of disruption
15.4 Industry risks
- Impact of key risks on business

16 Competitive Analysis

16.1 Companies profiled
- Companies covered
16.2 Company ranking index
- Company ranking index
16.3 Market positioning of companies
- Matrix on companies position and classification
16.4 Bharat Heavy Electricals Ltd.
- Bharat Heavy Electricals Ltd. - Overview
- Bharat Heavy Electricals Ltd. - Business segments
- Bharat Heavy Electricals Ltd. - Key news
- Bharat Heavy Electricals Ltd. - Key offerings
- Bharat Heavy Electricals Ltd. - Segment focus
- SWOT
16.5 CG Power and Industrial Solutions Ltd.
- CG Power and Industrial Solutions Ltd. - Overview
- CG Power and Industrial Solutions Ltd. - Business segments
- CG Power and Industrial Solutions Ltd. - Key offerings
- CG Power and Industrial Solutions Ltd. - Segment focus
- SWOT
16.6 Daihen Corp.
- Daihen Corp. - Overview
- Daihen Corp. - Business segments
- Daihen Corp. - Key offerings
- Daihen Corp. - Segment focus
- SWOT
16.7 Eaton Corp. plc
- Eaton Corp. plc - Overview
- Eaton Corp. plc - Business segments
- Eaton Corp. plc - Key news
- Eaton Corp. plc - Key offerings
- Eaton Corp. plc - Segment focus
- SWOT
16.8 ENERCON GmbH
- ENERCON GmbH - Overview
- ENERCON GmbH - Product / Service
- ENERCON GmbH - Key offerings
- SWOT
16.9 Esennar Transformers Pvt. Ltd.
- Esennar Transformers Pvt. Ltd. - Overview
- Esennar Transformers Pvt. Ltd. - Product / Service
- Esennar Transformers Pvt. Ltd. - Key offerings
- SWOT
16.10 General Electric Co.
- General Electric Co. - Overview
- General Electric Co. - Business segments
- General Electric Co. - Key news
- General Electric Co. - Key offerings
- General Electric Co. - Segment focus
- SWOT
16.11 Hitachi Ltd.
- Hitachi Ltd. - Overview
- Hitachi Ltd. - Business segments
- Hitachi Ltd. - Key news
- Hitachi Ltd. - Key offerings
- Hitachi Ltd. - Segment focus
- SWOT
16.12 Marsons Energy Pvt. Ltd.
- Marsons Energy Pvt. Ltd. - Overview
- Marsons Energy Pvt. Ltd. - Product / Service
- Marsons Energy Pvt. Ltd. - Key offerings
- SWOT
16.13 Northern Transformer
- Northern Transformer - Overview
- Northern Transformer - Product / Service
- Northern Transformer - Key offerings
- SWOT
16.14 S.E.A. Societa Elettromeccanica Arzignanese S.p.A.
- S.E.A. Societa Elettromeccanica Arzignanese S.p.A. - Overview
- S.E.A. Societa Elettromeccanica Arzignanese S.p.A. - Product / Service
- S.E.A. Societa Elettromeccanica Arzignanese S.p.A. - Key offerings
- SWOT
16.15 Schneider Electric SE
- Schneider Electric SE - Overview
- Schneider Electric SE - Business segments
- Schneider Electric SE - Key news
- Schneider Electric SE - Key offerings
- Schneider Electric SE - Segment focus
- SWOT
16.16 Siemens AG
- Siemens AG - Overview
- Siemens AG - Business segments
- Siemens AG - Key news
- Siemens AG - Key offerings
- Siemens AG - Segment focus
- SWOT
16.17 STC Inc.
- STC Inc. - Overview
- STC Inc. - Product / Service
- STC Inc. - Key offerings
- SWOT
16.18 Synergy Transformers Pvt. Ltd.
- Synergy Transformers Pvt. Ltd. - Overview
- Synergy Transformers Pvt. Ltd. - Product / Service
- Synergy Transformers Pvt. Ltd. - Key offerings
- SWOT

17 Appendix

17.1 Scope of the report
17.2 Inclusions and exclusions checklist
- Inclusions checklist
- Exclusions checklist
17.3 Currency conversion rates for US$
- Currency conversion rates for US$
17.4 Research methodology
- Research methodology
17.5 Data procurement
- Information sources
17.6 Data validation
- Data validation
17.7 Validation techniques employed for market sizing
- Validation techniques employed for market sizing
17.8 Data synthesis
- Data synthesis
17.9 360 degree market analysis
- 360 degree market analysis
17.10 List of abbreviations
- List of abbreviations