Market Snapshot:
The Wind Turbine Transformer acts as a link between wind turbines and the distribution grid. It steps up the low output voltage from the generator to a higher distribution voltage level. However, wind turbine transformers are considered to be one of the sensitive and weak components in a wind farm.
Highlights from Wind Turbine Transformer Market Study
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
The key Manufacturers profiled in the report are Vestas (Denmark), Siemens Gamesa Renewable Energy (Germany), GE (United States), Goldwind (China), Envision (China), Mingyang (China), Nordex (Germany), Windey (China), Enercon (Germany) and SEwind (United Kingdom).
Geographic Breakdown and Segment Analysis
The Global Wind Turbine Transformer market presents a comprehensive analysis of the Wind Turbine Transformer market by product type (Power Transformers, Autotransformers, Generator Step-Up Transformers and Others), by end-user/application (Onshore Wind Energy, Offshore Wind Energy and Others), and by geography (North America, South America, Europe, Asia-Pacific and MEA) along with country level break-up. This section of our report presents a realistic picture of the Global Wind Turbine Transformer industry. Investors and Manufacturers can easily understand the inherent opportunities and challenges for their products in geographical region of interest.
For instance, while the holds majority of market share of the Wind Turbine Transformer market
Analyst at AMA have segmented the market study of Global Wind Turbine Transformer market by Type, Application and Region.
Influencing Trend:
Increasing Innovation in the Autotransformers and Development of Larger shelf life of the transformer and Growing Demand for Step-Up Transformers for High Voltage
Market Growth Drivers:
Growing Demand for Transformer Innovative Wind Power Generation Components to Improve Performance and Reliability of Wind Turbine and Increasing Preference for the Step-Up Transformers to Produce the Huge Amount of Energy
Challenges:
Fluctuations in the supply of Transformer in wind turbines can create challenges
Restraints:
High Cost Associated with Wind turbine Transformer and Logistics
Opportunities:
Increasing Government Initiatives and Funding for the Development and Installation of Wind Technology
Market Developments Activities:
On 4th October 2021, GE-Prolec Transformers, Inc. together with its affiliates, Prolec GE a subsidiary of a 50/50 joint venture between GE and Xignux, a Mexico-based private company, announced today it has completed the acquisition of SPX Corporation’s SPX Transformer Solutions business. The acquisition of SPX Transformer Solutions, which is known for its Waukesha transformers, services, and components, will allow Prolec GE to comprehensively serve the growing Americas market with a broader portfolio of innovative and sustainable solutions for the delivery of electrical energy.
In June 2021, Hitachi ABB Power Grids has launched new transformers for floating offshore wind power.
The players are trying to innovate long Shelf life and technology transforms so that it should not be frequently changed. The companies are also exploring the market by adopting mergers & acquisitions, expansions, investments, new product launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies.
Key Target Audience
Wind Turbine Transforms Manufacturers, Wind Turbine Transforms Suppliers and Distributors, Potential Investors, New Entrants/Investors, Research and Development Institutes, Analysts and Strategic Business Planners and Others