888-776-0942 from 8 AM - 10 PM ET
NEW YORK , Dec. 15, 2021 /PRNewswire/ -- Technavio's latest offering, Transformers Market For Renewable Energy report provides a detailed analysis of the competitive scenario, drivers, trends, challenges, and market growth across various regions. 72% of the market's growth will originate from APAC during the forecast period. China , India, and Japan are the key markets for transformers for renewable energy in APAC. Market growth in APAC will be faster than the growth of the market in regions. The growing demand for renewable energy will facilitate the transformers market growth for renewable energy in APAC over the forecast period.
The transformers market for renewable energy value is anticipated to grow by USD 2.96 billion , progressing at a CAGR of 4.42% from 2020 to 2025 as per the latest report by Technavio.
For more insights on the transformers market for renewable energy - Download a free sample now!
Factors such as the expansion of renewable power generation capacity, the shift in focus of government bodies toward renewable energy, and the modernization of existing transformers will drive the growth of the Transformers Market For Renewable Energy. However, intermittency in solar energy might hamper market growth. The holistic analysis of the drivers & challenges will help in deducing end goals and refining marketing strategies to gain a competitive edge. This transformers market analysis report for renewable energy also provides detailed information on other upcoming trends that will have a far-reaching effect on the market growth.
The transformers market for renewable energy is fragmented and the vendors are deploying various organic and inorganic growth strategies to compete in the market. Some of the companies covered in this report are Bharat Heavy Electricals Ltd., CG Power and Industrial Solutions Ltd., DAIHEN Corp., Eaton Corp. Plc, ENERCON GmbH, General Electric Co., Hitachi Ltd., Schneider Electric SE, Siemens AG, and STC Inc., etc.
Few Companies with Key Offerings
The report includes the competitive analysis, a proprietary tool to analyze and evaluate the position of companies based on their industry position score and market performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.
Related Reports - Floating Power Plant Market -The floating power plant market has the potential to grow by 9871.28 MW during 2021-2025, and the market's growth momentum will decelerate at a CAGR of 15%.Download a free sample now
Solar Panel Recycling Market -The solar panel recycling market size has the potential to grow by USD 238.30 million during 2020-2024, and the market's growth momentum will accelerate during the forecast period. Download a free sample now!
Transformers Market For Renewable Energy Scope
Accelerate at a CAGR of 4.42%
APAC, Europe, North America, South America, and MEA
China, US, India, Japan, and Germany
Leading companies, competitive strategies, consumer engagement scope
Bharat Heavy Electricals Ltd., CG Power and Industrial Solutions Ltd., DAIHEN Corp., Eaton Corp. Plc, ENERCON GmbH, General Electric Co., Hitachi Ltd., Schneider Electric SE, Siemens AG, and STC Inc.
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for the forecast period,
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Contact Technavio Research Jesse Maida Media & Marketing Executive US: +1 844 364 1100 UK: +44 203 893 3200 Email: [email protected] Website: www.technavio.com/
More news releases in similar topics
Cision Distribution 888-776-0942 from 8 AM - 9 PM ET