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Transformer for PV-Global Market Insights and Sales Trends 2024
Synopsis
A solar transformer is used in solar power applications. A solar panel transformer has to convert the DC voltage coming out of the photovoltaic systems and step it up to the rated output.
The global Transformer for PV market size is expected to reach US$ million by 2029, growing at a CAGR of % from 2023 to 2029. The market is mainly driven by the significant applications of Transformer for PV in various end use industries. The expanding demands from the Commercial Use and Industrial Use, are propelling Transformer for PV market. Step-up Transformer, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Step-down Transformer segment is estimated at % CAGR for the next seven-year period.
China has implemented the Renewable Energy Law since 2006, in which Article 4 clearly states that, the State gives first priority to the exploration of renewable energy. Over the years, various departments of the Chinese government have successively issued a large number of policies, covering production, sales, taxation, subsidies and other aspects. After setting the carbon neutrality goal in 2021, from a national perspective, the upgrading of the energy structure is ever imperative, and therefore the optoelectronic industry has great potential. The European Commission released the Net-Zero Industry Act in 2023. This bill aims to stimulate local manufacturing in Europe, reduce import dependence on China, and ensure that at least 40% of the EU's clean energy demand can be met by 2030. The EU targets an installed solar capacity of 600 GW. Overall, the European market still has a lot of room for development. US 2022 release of the Inflation Reduction Act, which includes $369 billion for energy security and climate change investments. For the photovoltaic industry, the bill stimulates its development from multiple aspects such as corporate and individual tax credits, production subsidies, and loans throughout the industry chain, and revitalizes the domestic manufacturing industry in the United States. Japanese authorities plan to make solar panels mandatory for new residential buildings in Tokyo from 2025 onwards. It is estimated that by 2030, photovoltaic power generation will account for 14%-16% of Japan's total power generation, and the cumulative installed capacity of photovoltaic systems will be about 117.98 GW.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Transformer for PV, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Transformer for PV market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Transformer for PV market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Transformer for PV sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Transformer for PV covered in this report include ABB, Hammond Power Solutions Inc, Eaton, Siemens, Schneider Electric, TBEA, Toshiba, Marsons Limited and L / C Magnetics, etc.
The global Transformer for PV market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
ABB
Hammond Power Solutions Inc
Eaton
Siemens
Schneider Electric
TBEA
Toshiba
Marsons Limited
L / C Magnetics
Raychem Rpg Ltd
Eaglerise Electric & Electronic
MBT Transformer
Shanghai Gaineng Electric
Rajasthan Powergen Transformer Pvt. Ltd.
Guming Electric
Global Transformer for PV market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Transformer for PV market, Segment by Type:
Step-up Transformer
Step-down Transformer
Global Transformer for PV market, by Application
Commercial Use
Industrial Use
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of Transformer for PV manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Transformer for PV in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
A solar transformer is used in solar power applications. A solar panel transformer has to convert the DC voltage coming out of the photovoltaic systems and step it up to the rated output.
The global Transformer for PV market size is expected to reach US$ million by 2029, growing at a CAGR of % from 2023 to 2029. The market is mainly driven by the significant applications of Transformer for PV in various end use industries. The expanding demands from the Commercial Use and Industrial Use, are propelling Transformer for PV market. Step-up Transformer, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Step-down Transformer segment is estimated at % CAGR for the next seven-year period.
China has implemented the Renewable Energy Law since 2006, in which Article 4 clearly states that, the State gives first priority to the exploration of renewable energy. Over the years, various departments of the Chinese government have successively issued a large number of policies, covering production, sales, taxation, subsidies and other aspects. After setting the carbon neutrality goal in 2021, from a national perspective, the upgrading of the energy structure is ever imperative, and therefore the optoelectronic industry has great potential. The European Commission released the Net-Zero Industry Act in 2023. This bill aims to stimulate local manufacturing in Europe, reduce import dependence on China, and ensure that at least 40% of the EU's clean energy demand can be met by 2030. The EU targets an installed solar capacity of 600 GW. Overall, the European market still has a lot of room for development. US 2022 release of the Inflation Reduction Act, which includes $369 billion for energy security and climate change investments. For the photovoltaic industry, the bill stimulates its development from multiple aspects such as corporate and individual tax credits, production subsidies, and loans throughout the industry chain, and revitalizes the domestic manufacturing industry in the United States. Japanese authorities plan to make solar panels mandatory for new residential buildings in Tokyo from 2025 onwards. It is estimated that by 2030, photovoltaic power generation will account for 14%-16% of Japan's total power generation, and the cumulative installed capacity of photovoltaic systems will be about 117.98 GW.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Transformer for PV, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Transformer for PV market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Transformer for PV market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Transformer for PV sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Transformer for PV covered in this report include ABB, Hammond Power Solutions Inc, Eaton, Siemens, Schneider Electric, TBEA, Toshiba, Marsons Limited and L / C Magnetics, etc.
The global Transformer for PV market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
ABB
Hammond Power Solutions Inc
Eaton
Siemens
Schneider Electric
TBEA
Toshiba
Marsons Limited
L / C Magnetics
Raychem Rpg Ltd
Eaglerise Electric & Electronic
MBT Transformer
Shanghai Gaineng Electric
Rajasthan Powergen Transformer Pvt. Ltd.
Guming Electric
Global Transformer for PV market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Transformer for PV market, Segment by Type:
Step-up Transformer
Step-down Transformer
Global Transformer for PV market, by Application
Commercial Use
Industrial Use
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of Transformer for PV manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Transformer for PV in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
Index1 Transformer for PV Market Overview
1.1 Transformer for PV Product Overview
1.2 Transformer for PV Market Segment by Type
1.2.1 Step-up Transformer
1.2.2 Step-down Transformer
1.3 Global Transformer for PV Market Size by Type
1.3.1 Global Transformer for PV Market Size Overview by Type (2018-2029)
1.3.2 Global Transformer for PV Historic Market Size Review by Type (2018-2023)
1.3.3 Global Transformer for PV Forecasted Market Size by Type (2024-2029)
1.4 Key Regions Market Size Segment by Type
1.4.1 North America Transformer for PV Sales Breakdown by Type (2018-2023)
1.4.2 Europe Transformer for PV Sales Breakdown by Type (2018-2023)
1.4.3 Asia-Pacific Transformer for PV Sales Breakdown by Type (2018-2023)
1.4.4 Latin America Transformer for PV Sales Breakdown by Type (2018-2023)
1.4.5 Middle East and Africa Transformer for PV Sales Breakdown by Type (2018-2023)
2 Global Transformer for PV Market Competition by Company
2.1 Global Top Players by Transformer for PV Sales (2018-2023)
2.2 Global Top Players by Transformer for PV Revenue (2018-2023)
2.3 Global Top Players by Transformer for PV Price (2018-2023)
2.4 Global Top Manufacturers Transformer for PV Manufacturing Base Distribution, Sales Area, Product Type
2.5 Transformer for PV Market Competitive Situation and Trends
2.5.1 Transformer for PV Market Concentration Rate (2018-2023)
2.5.2 Global 5 and 10 Largest Manufacturers by Transformer for PV Sales and Revenue in 2022
2.6 Global Top Manufacturers by Company Type (Tier 1, Tier 2 and Tier 3) & (based on the Revenue in Transformer for PV as of 2022)
2.7 Date of Key Manufacturers Enter into Transformer for PV Market
2.8 Key Manufacturers Transformer for PV Product Offered
2.9 Mergers & Acquisitions, Expansion
3 Transformer for PV Status and Outlook by Region
3.1 Global Transformer for PV Market Size and CAGR by Region: 2018 VS 2022 VS 2029
3.2 Global Transformer for PV Historic Market Size by Region
3.2.1 Global Transformer for PV Sales in Volume by Region (2018-2023)
3.2.2 Global Transformer for PV Sales in Value by Region (2018-2023)
3.2.3 Global Transformer for PV Sales (Volume & Value) Price and Gross Margin (2018-2023)
3.3 Global Transformer for PV Forecasted Market Size by Region
3.3.1 Global Transformer for PV Sales in Volume by Region (2024-2029)
3.3.2 Global Transformer for PV Sales in Value by Region (2024-2029)
3.3.3 Global Transformer for PV Sales (Volume & Value), Price and Gross Margin (2024-2029)
4 Global Transformer for PV by Application
4.1 Transformer for PV Market Segment by Application
4.1.1 Commercial Use
4.1.2 Industrial Use
4.2 Global Transformer for PV Market Size by Application
4.2.1 Global Transformer for PV Market Size Overview by Application (2018-2029)
4.2.2 Global Transformer for PV Historic Market Size Review by Application (2018-2023)
4.2.3 Global Transformer for PV Forecasted Market Size by Application (2024-2029)
4.3 Key Regions Market Size Segment by Application
4.3.1 North America Transformer for PV Sales Breakdown by Application (2018-2023)
4.3.2 Europe Transformer for PV Sales Breakdown by Application (2018-2023)
4.3.3 Asia-Pacific Transformer for PV Sales Breakdown by Application (2018-2023)
4.3.4 Latin America Transformer for PV Sales Breakdown by Application (2018-2023)
4.3.5 Middle East and Africa Transformer for PV Sales Breakdown by Application (2018-2023)
5 North America Transformer for PV by Country
5.1 North America Transformer for PV Historic Market Size by Country
5.1.1 North America Transformer for PV Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
5.1.2 North America Transformer for PV Sales in Volume by Country (2018-2023)
5.1.3 North America Transformer for PV Sales in Value by Country (2018-2023)
5.2 North America Transformer for PV Forecasted Market Size by Country
5.2.1 North America Transformer for PV Sales in Volume by Country (2024-2029)
5.2.2 North America Transformer for PV Sales in Value by Country (2024-2029)
6 Europe Transformer for PV by Country
6.1 Europe Transformer for PV Historic Market Size by Country
6.1.1 Europe Transformer for PV Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
6.1.2 Europe Transformer for PV Sales in Volume by Country (2018-2023)
6.1.3 Europe Transformer for PV Sales in Value by Country (2018-2023)
6.2 Europe Transformer for PV Forecasted Market Size by Country
6.2.1 Europe Transformer for PV Sales in Volume by Country (2024-2029)
6.2.2 Europe Transformer for PV Sales in Value by Country (2024-2029)
7 Asia-Pacific Transformer for PV by Region
7.1 Asia-Pacific Transformer for PV Historic Market Size by Region
7.1.1 Asia-Pacific Transformer for PV Market Size Growth Rate (CAGR) by Region: 2018 VS 2022 VS 2029
7.1.2 Asia-Pacific Transformer for PV Sales in Volume by Region (2018-2023)
7.1.3 Asia-Pacific Transformer for PV Sales in Value by Region (2018-2023)
7.2 Asia-Pacific Transformer for PV Forecasted Market Size by Region
7.2.1 Asia-Pacific Transformer for PV Sales in Volume by Region (2024-2029)
7.2.2 Asia-Pacific Transformer for PV Sales in Value by Region (2024-2029)
8 Latin America Transformer for PV by Country
8.1 Latin America Transformer for PV Historic Market Size by Country
8.1.1 Latin America Transformer for PV Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
8.1.2 Latin America Transformer for PV Sales in Volume by Country (2018-2023)
8.1.3 Latin America Transformer for PV Sales in Value by Country (2018-2023)
8.2 Latin America Transformer for PV Forecasted Market Size by Country
8.2.1 Latin America Transformer for PV Sales in Volume by Country (2024-2029)
8.2.2 Latin America Transformer for PV Sales in Value by Country (2024-2029)
9 Middle East and Africa Transformer for PV by Country
9.1 Middle East and Africa Transformer for PV Historic Market Size by Country
9.1.1 Middle East and Africa Transformer for PV Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
9.1.2 Middle East and Africa Transformer for PV Sales in Volume by Country (2018-2023)
9.1.3 Middle East and Africa Transformer for PV Sales in Value by Country (2018-2023)
9.2 Middle East and Africa Transformer for PV Forecasted Market Size by Country
9.2.1 Middle East and Africa Transformer for PV Sales in Volume by Country (2024-2029)
9.2.2 Middle East and Africa Transformer for PV Sales in Value by Country (2024-2029)
10 Company Profiles
10.1 ABB
10.1.1 ABB Company Information
10.1.2 ABB Introduction and Business Overview
10.1.3 ABB Transformer for PV Sales, Revenue and Gross Margin (2018-2023)
10.1.4 ABB Transformer for PV Products Offered
10.1.5 ABB Recent Development
10.2 Hammond Power Solutions Inc
10.2.1 Hammond Power Solutions Inc Company Information
10.2.2 Hammond Power Solutions Inc Introduction and Business Overview
10.2.3 Hammond Power Solutions Inc Transformer for PV Sales, Revenue and Gross Margin (2018-2023)
10.2.4 Hammond Power Solutions Inc Transformer for PV Products Offered
10.2.5 Hammond Power Solutions Inc Recent Development
10.3 Eaton
10.3.1 Eaton Company Information
10.3.2 Eaton Introduction and Business Overview
10.3.3 Eaton Transformer for PV Sales, Revenue and Gross Margin (2018-2023)
10.3.4 Eaton Transformer for PV Products Offered
10.3.5 Eaton Recent Development
10.4 Siemens
10.4.1 Siemens Company Information
10.4.2 Siemens Introduction and Business Overview
10.4.3 Siemens Transformer for PV Sales, Revenue and Gross Margin (2018-2023)
10.4.4 Siemens Transformer for PV Products Offered
10.4.5 Siemens Recent Development
10.5 Schneider Electric
10.5.1 Schneider Electric Company Information
10.5.2 Schneider Electric Introduction and Business Overview
10.5.3 Schneider Electric Transformer for PV Sales, Revenue and Gross Margin (2018-2023)
10.5.4 Schneider Electric Transformer for PV Products Offered
10.5.5 Schneider Electric Recent Development
10.6 TBEA
10.6.1 TBEA Company Information
10.6.2 TBEA Introduction and Business Overview
10.6.3 TBEA Transformer for PV Sales, Revenue and Gross Margin (2018-2023)
10.6.4 TBEA Transformer for PV Products Offered
10.6.5 TBEA Recent Development
10.7 Toshiba
10.7.1 Toshiba Company Information
10.7.2 Toshiba Introduction and Business Overview
10.7.3 Toshiba Transformer for PV Sales, Revenue and Gross Margin (2018-2023)
10.7.4 Toshiba Transformer for PV Products Offered
10.7.5 Toshiba Recent Development
10.8 Marsons Limited
10.8.1 Marsons Limited Company Information
10.8.2 Marsons Limited Introduction and Business Overview
10.8.3 Marsons Limited Transformer for PV Sales, Revenue and Gross Margin (2018-2023)
10.8.4 Marsons Limited Transformer for PV Products Offered
10.8.5 Marsons Limited Recent Development
10.9 L / C Magnetics
10.9.1 L / C Magnetics Company Information
10.9.2 L / C Magnetics Introduction and Business Overview
10.9.3 L / C Magnetics Transformer for PV Sales, Revenue and Gross Margin (2018-2023)
10.9.4 L / C Magnetics Transformer for PV Products Offered
10.9.5 L / C Magnetics Recent Development
10.10 Raychem Rpg Ltd
10.10.1 Raychem Rpg Ltd Company Information
10.10.2 Raychem Rpg Ltd Introduction and Business Overview
10.10.3 Raychem Rpg Ltd Transformer for PV Sales, Revenue and Gross Margin (2018-2023)
10.10.4 Raychem Rpg Ltd Transformer for PV Products Offered
10.10.5 Raychem Rpg Ltd Recent Development
10.11 Eaglerise Electric & Electronic
10.11.1 Eaglerise Electric & Electronic Company Information
10.11.2 Eaglerise Electric & Electronic Introduction and Business Overview
10.11.3 Eaglerise Electric & Electronic Transformer for PV Sales, Revenue and Gross Margin (2018-2023)
10.11.4 Eaglerise Electric & Electronic Transformer for PV Products Offered
10.11.5 Eaglerise Electric & Electronic Recent Development
10.12 MBT Transformer
10.12.1 MBT Transformer Company Information
10.12.2 MBT Transformer Introduction and Business Overview
10.12.3 MBT Transformer Transformer for PV Sales, Revenue and Gross Margin (2018-2023)
10.12.4 MBT Transformer Transformer for PV Products Offered
10.12.5 MBT Transformer Recent Development
10.13 Shanghai Gaineng Electric
10.13.1 Shanghai Gaineng Electric Company Information
10.13.2 Shanghai Gaineng Electric Introduction and Business Overview
10.13.3 Shanghai Gaineng Electric Transformer for PV Sales, Revenue and Gross Margin (2018-2023)
10.13.4 Shanghai Gaineng Electric Transformer for PV Products Offered
10.13.5 Shanghai Gaineng Electric Recent Development
10.14 Rajasthan Powergen Transformer Pvt. Ltd.
10.14.1 Rajasthan Powergen Transformer Pvt. Ltd. Company Information
10.14.2 Rajasthan Powergen Transformer Pvt. Ltd. Introduction and Business Overview
10.14.3 Rajasthan Powergen Transformer Pvt. Ltd. Transformer for PV Sales, Revenue and Gross Margin (2018-2023)
10.14.4 Rajasthan Powergen Transformer Pvt. Ltd. Transformer for PV Products Offered
10.14.5 Rajasthan Powergen Transformer Pvt. Ltd. Recent Development
10.15 Guming Electric
10.15.1 Guming Electric Company Information
10.15.2 Guming Electric Introduction and Business Overview
10.15.3 Guming Electric Transformer for PV Sales, Revenue and Gross Margin (2018-2023)
10.15.4 Guming Electric Transformer for PV Products Offered
10.15.5 Guming Electric Recent Development
11 Upstream, Opportunities, Challenges, Risks and Influences Factors Analysis
11.1 Transformer for PV Key Raw Materials
11.1.1 Key Raw Materials
11.1.2 Key Raw Materials Price
11.1.3 Raw Materials Key Suppliers
11.2 Manufacturing Cost Structure
11.2.1 Raw Materials
11.2.2 Labor Cost
11.2.3 Manufacturing Expenses
11.3 Transformer for PV Industrial Chain Analysis
11.4 Transformer for PV Market Dynamics
11.4.1 Transformer for PV Industry Trends
11.4.2 Transformer for PV Market Drivers
11.4.3 Transformer for PV Market Challenges
11.4.4 Transformer for PV Market Restraints
12 Market Strategy Analysis, Distributors
12.1 Sales Channel
12.2 Transformer for PV Distributors
12.3 Transformer for PV Downstream Customers
13 Research Findings and Conclusion
14 Appendix
14.1 Research Methodology
14.1.1 Methodology/Research Approach
14.1.2 Data Source
14.2 Author Details
14.3 Disclaimer
Published By : QY Research
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