What is Wind Turbine Transformer Market?
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
|Unit||Value (USD Million)|
|Key Companies Profiled||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)|
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. 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) are some of the key players profiled in the study.
Wind Turbine Transformer Market Segmentation:
|Application / End User||Onshore Wind Energy, Offshore Wind Energy and Others|
|Type||Power Transformers, Autotransformers, Generator Step-Up Transformers and Others|
On the basis of geography, the market of Wind Turbine Transformer has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Wind Turbine Transformer Market Dynamics:
- Growing Demand for Transformer Innovative Wind Power Generation Components to Improve Performance and Reliability of Wind Turbine
- Increasing Preference for the Step-Up Transformers to Produce the Huge Amount of Energy
- Increasing Innovation in the Autotransformers and Development of Larger shelf life of the transformer
- Growing Demand for Step-Up Transformers for High Voltage
- High Cost Associated with Wind turbine Transformer and Logistics
|Road Blocks / Challenges|
- Fluctuations in the supply of Transformer in wind turbines can create challenges
|Gaps & Opportunities|
- Increasing Government Initiatives and Funding for the Development and Installation of Wind Technology
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
Market Leaders & Development Strategies
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 Corporationís 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.