Demand for renewable energy sources is increasing all over the world, owing to the rising energy consumption and the growing need for eco-friendly solutions worldwide. Wind energy is one of these renewable sources. The wind power industry has been expanding at a fast pace over the last few years. The impact of wind energy on the electric power grid is significant. The key components required for wind power generation are turbine, gearbox, generator, step-up transformer, nacelle, and tower. In a wind turbine, the transformer acts as a link between wind turbines and the distribution grid. The transformer is installed next to, but outside of the turbine, at the foot of the tower or in the nacelle. However, the best location for its installation is close to the power source.
Transformers for wind power offer numerous benefits. Speed of the wind is not constant throughout a day, as a result of which the turbine output fluctuates. Wind turbine output voltages typically range from 480 volts to 690 volts. This turbine output is then delivered to the wind turbine transformer and transformed into a collector voltage of 13,800–46,000 volts. Thus, the transformer boosts the generating output of the turbine generator from a few hundred volts to the medium-voltage distribution level of the collector system.
However, transformers are considered one of the most sensitive and weak components in a wind farm; owing to different electric, mechanical, and corrosion-related issues affecting the transformers used in wind turbines. Moreover, these factors hamper the transformers for wind power market. Furthermore, variable output caused by variable speed of wind causes failure of transformers. This is another key restraint for the transformers for wind power market. In order to increase the demand for transformers for wind power, it is required to modify the design of transformers used in wind turbines in accordance with the generated output and other external factors. This is because conventional distribution transformers cannot always be used as wind turbine transformers.
The transformers for wind power market can be segmented on the basis of type, output, and application. Based on type, the transformers for wind power market can be divided into dry-type and liquid-filled. Based on output, the transformers for wind power market can be classified into low-voltage output (up to 10 kV), medium-voltage output (10 kV–35 kV), high-voltage output (36 kV–100 kV), and ultra-high-voltage output (above 100 kV). In terms of application, the transformers for wind power market can be segregated into onshore and offshore.
Geographically, the global transformers for wind power market can be segmented into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. Europe led the global transformers for wind power market in 2016. It is anticipated to be the dominant region during the forecast period as well, owing to increasing offshore wind power generation in the region. Favorable regulations in North America and Asia Pacific are projected to offer high growth opportunities to the transformers for wind power market in these regions in the near future. Increasing investments to explore the potential of wind energy in Middle East & Africa and Latin America are likely to propel the transformers for wind power market in these regions in the next few years.
Key players operating in the global transformers for wind power market are ABB, Siemens, Enercon GmbH, General Electric, Wilson Transformer Company, Voltamp, Gamesa Corporacion and Technologica S.A.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
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- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
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Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
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The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
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