The global Solar Transformer market size is predicted to grow from US$ 2084 million in 2025 to US$ 2707 million in 2031; it is expected to grow at a CAGR of 4.5% from 2025 to 2031.

The impact of the latest U.S. tariff measures and the corresponding policy responses from countries worldwide on market competitiveness, regional economic performance, and supply chain configurations will be comprehensively evaluated in this report.

Solar transformer is key devices for voltage conversion in solar photovoltaic power generation systems. Their core function is to adjust the voltage level of the alternating current converted by the inverter from the solar panel through the principle of electromagnetic induction to meet the needs of grid access or load use. The device increases or decreases the voltage through the turns ratio of the primary and secondary coils while keeping the frequency of the alternating current unchanged. In the photovoltaic power generation system, it not only undertakes the task of boosting (such as raising low-voltage alternating current to 10kV or 35kV for long-distance transmission) but also has the function of reducing voltage (such as reducing high voltage to the applicable level at the user end). Its structure usually includes core components such as iron core, winding, and oil tank, and optimizes the short-circuit resistance, overload tolerance and environmental adaptability for photovoltaic application scenarios. For example, it adopts anti-corrosion design, vacuum oil filling process and fully enclosed box structure to ensure stable operation in complex environments such as high temperature and high humidity. As the core component of power conversion and transmission of photovoltaic systems, solar transformers play a decisive role in improving power generation efficiency and ensuring system safety.

Development Trends of Solar Transformer Industry

Intelligence and Digitalization: The Internet of Things, big data and artificial intelligence technologies are widely used to promote the intelligent development of solar transformers. Through built-in sensors, monitoring systems and remote communication technologies, real-time monitoring and accurate prediction of operating status can be achieved, potential faults can be effectively warned, and the convenience of operation and maintenance and system safety can be improved. At the same time, digital technology can manage the life cycle of transformers, realize dataization and intelligence from design, manufacturing to maintenance, and can also be used to optimize power system scheduling and planning.

Driving Factors for the Development of Solar Transformer Industry

Policy Support:

Globally, with the adjustment of energy structure and the enhancement of environmental awareness, governments of various countries have introduced a series of policy measures to promote the development of new energy industries, including support for the solar transformer industry, covering financial subsidies, tax incentives, R&D support and other aspects.

Market Demand Growth:

With the increasing number of new energy power generation projects, the demand for solar transformer products continues to rise. With the widespread application of renewable energy such as solar energy and wind energy, and the continuous advancement of smart grid technology, the demand for solar transformers continues to increase. Its application in new energy power stations, energy storage systems and smart grids will help improve the stability and reliability of power systems.

Factors hindering the development of the solar transformer industry

Intensified trade frictions: Intensified trade frictions in the international market may affect the export business of solar transformer companies. Increased tariffs and trade barriers may lead to higher product costs and lower market competitiveness.

LP Information, Inc. (LPI) ' newest research report, the “Solar Transformer Industry Forecast” looks at past sales and reviews total world Solar Transformer sales in 2024, providing a comprehensive analysis by region and market sector of projected Solar Transformer sales for 2025 through 2031. With Solar Transformer sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Solar Transformer industry.

This Insight Report provides a comprehensive analysis of the global Solar Transformer landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Solar Transformer portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Solar Transformer market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Solar Transformer and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Solar Transformer.

This report presents a comprehensive overview, market shares, and growth opportunities of Solar Transformer market by product type, application, key manufacturers and key regions and countries.

Segmentation by Type:

    0-35KV

    35-110KV

    110-220KV

    220-330KV

    330-500KV

    above 500KV

Segmentation by Application:

    Concentrated Solar Energy Systems

    Distributed Solar Energy Systems

This report also splits the market by region:

    Americas

    United States

    Canada

    Mexico

    Brazil

    APAC

    China

    Japan

    Korea

    Southeast Asia

    India

    Australia

    Europe

    Germany

    France

    UK

    Italy

    Russia

    Middle East & Africa

    Egypt

    South Africa

    Israel

    Turkey

    GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.

    ABB

    Ormazabal Velatia

    Noratel

    Olsun Electrics

    ABC Transformers

    Marsons

    CG Power and Industrial Solutions

    Daelim Transformer

    GBP

    Gujarat Transformers

    Hitachi Energy

    Jaybee Industries

    Pauwels Transformers

    Prolec

    QRE Transformer

    Schott Magnetics

    Servokon

    Shilchar Technologies

    Subian

    Eaton

    Acutran

    Actom

Key Questions Addressed in this Report

What is the 10-year outlook for the global Solar Transformer market?

What factors are driving Solar Transformer market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Solar Transformer market opportunities vary by end market size?

How does Solar Transformer break out by Type, by Application?

1 Scope of the Report
    1.1 Market Introduction
    1.2 Years Considered
    1.3 Research Objectives
    1.4 Market Research Methodology
    1.5 Research Process and Data Source
    1.6 Economic Indicators
    1.7 Currency Considered
    1.8 Market Estimation Caveats

2 Executive Summary
    2.1 World Market Overview
        2.1.1 Global Solar Transformer Annual Sales 2020-2031
        2.1.2 World Current & Future Analysis for Solar Transformer by Geographic Region, 2020, 2024 & 2031
        2.1.3 World Current & Future Analysis for Solar Transformer by Country/Region, 2020, 2024 & 2031
    2.2 Solar Transformer Segment by Type
        2.2.1 0-35KV
        2.2.2 35-110KV
        2.2.3 110-220KV
        2.2.4 220-330KV
        2.2.5 330-500KV
        2.2.6 above 500KV
    2.3 Solar Transformer Sales by Type
        2.3.1 Global Solar Transformer Sales Market Share by Type (2020-2025)
        2.3.2 Global Solar Transformer Revenue and Market Share by Type (2020-2025)
        2.3.3 Global Solar Transformer Sale Price by Type (2020-2025)
    2.4 Solar Transformer Segment by Application
        2.4.1 Concentrated Solar Energy Systems
        2.4.2 Distributed Solar Energy Systems
    2.5 Solar Transformer Sales by Application
        2.5.1 Global Solar Transformer Sale Market Share by Application (2020-2025)
        2.5.2 Global Solar Transformer Revenue and Market Share by Application (2020-2025)
        2.5.3 Global Solar Transformer Sale Price by Application (2020-2025)

3 Global by Company
    3.1 Global Solar Transformer Breakdown Data by Company
        3.1.1 Global Solar Transformer Annual Sales by Company (2020-2025)
        3.1.2 Global Solar Transformer Sales Market Share by Company (2020-2025)
    3.2 Global Solar Transformer Annual Revenue by Company (2020-2025)
        3.2.1 Global Solar Transformer Revenue by Company (2020-2025)
        3.2.2 Global Solar Transformer Revenue Market Share by Company (2020-2025)
    3.3 Global Solar Transformer Sale Price by Company
    3.4 Key Manufacturers Solar Transformer Producing Area Distribution, Sales Area, Product Type
        3.4.1 Key Manufacturers Solar Transformer Product Location Distribution
        3.4.2 Players Solar Transformer Products Offered
    3.5 Market Concentration Rate Analysis
        3.5.1 Competition Landscape Analysis
        3.5.2 Concentration Ratio (CR3, CR5 and CR10) & (2023-2025)
    3.6 New Products and Potential Entrants
    3.7 Market M&A Activity & Strategy

4 World Historic Review for Solar Transformer by Geographic Region
    4.1 World Historic Solar Transformer Market Size by Geographic Region (2020-2025)
        4.1.1 Global Solar Transformer Annual Sales by Geographic Region (2020-2025)
        4.1.2 Global Solar Transformer Annual Revenue by Geographic Region (2020-2025)
    4.2 World Historic Solar Transformer Market Size by Country/Region (2020-2025)
        4.2.1 Global Solar Transformer Annual Sales by Country/Region (2020-2025)
        4.2.2 Global Solar Transformer Annual Revenue by Country/Region (2020-2025)
    4.3 Americas Solar Transformer Sales Growth
    4.4 APAC Solar Transformer Sales Growth
    4.5 Europe Solar Transformer Sales Growth
    4.6 Middle East & Africa Solar Transformer Sales Growth

5 Americas
    5.1 Americas Solar Transformer Sales by Country
        5.1.1 Americas Solar Transformer Sales by Country (2020-2025)
        5.1.2 Americas Solar Transformer Revenue by Country (2020-2025)
    5.2 Americas Solar Transformer Sales by Type (2020-2025)
    5.3 Americas Solar Transformer Sales by Application (2020-2025)
    5.4 United States
    5.5 Canada
    5.6 Mexico
    5.7 Brazil

6 APAC
    6.1 APAC Solar Transformer Sales by Region
        6.1.1 APAC Solar Transformer Sales by Region (2020-2025)
        6.1.2 APAC Solar Transformer Revenue by Region (2020-2025)
    6.2 APAC Solar Transformer Sales by Type (2020-2025)
    6.3 APAC Solar Transformer Sales by Application (2020-2025)
    6.4 China
    6.5 Japan
    6.6 South Korea
    6.7 Southeast Asia
    6.8 India
    6.9 Australia
    6.10 China Taiwan

7 Europe
    7.1 Europe Solar Transformer by Country
        7.1.1 Europe Solar Transformer Sales by Country (2020-2025)
        7.1.2 Europe Solar Transformer Revenue by Country (2020-2025)
    7.2 Europe Solar Transformer Sales by Type (2020-2025)
    7.3 Europe Solar Transformer Sales by Application (2020-2025)
    7.4 Germany
    7.5 France
    7.6 UK
    7.7 Italy
    7.8 Russia

8 Middle East & Africa
    8.1 Middle East & Africa Solar Transformer by Country
        8.1.1 Middle East & Africa Solar Transformer Sales by Country (2020-2025)
        8.1.2 Middle East & Africa Solar Transformer Revenue by Country (2020-2025)
    8.2 Middle East & Africa Solar Transformer Sales by Type (2020-2025)
    8.3 Middle East & Africa Solar Transformer Sales by Application (2020-2025)
    8.4 Egypt
    8.5 South Africa
    8.6 Israel
    8.7 Turkey
    8.8 GCC Countries

9 Market Drivers, Challenges and Trends
    9.1 Market Drivers & Growth Opportunities
    9.2 Market Challenges & Risks
    9.3 Industry Trends

10 Manufacturing Cost Structure Analysis
    10.1 Raw Material and Suppliers
    10.2 Manufacturing Cost Structure Analysis of Solar Transformer
    10.3 Manufacturing Process Analysis of Solar Transformer
    10.4 Industry Chain Structure of Solar Transformer

11 Marketing, Distributors and Customer
    11.1 Sales Channel
        11.1.1 Direct Channels
        11.1.2 Indirect Channels
    11.2 Solar Transformer Distributors
    11.3 Solar Transformer Customer

12 World Forecast Review for Solar Transformer by Geographic Region
    12.1 Global Solar Transformer Market Size Forecast by Region
        12.1.1 Global Solar Transformer Forecast by Region (2026-2031)
        12.1.2 Global Solar Transformer Annual Revenue Forecast by Region (2026-2031)
    12.2 Americas Forecast by Country (2026-2031)
    12.3 APAC Forecast by Region (2026-2031)
    12.4 Europe Forecast by Country (2026-2031)
    12.5 Middle East & Africa Forecast by Country (2026-2031)
    12.6 Global Solar Transformer Forecast by Type (2026-2031)
    12.7 Global Solar Transformer Forecast by Application (2026-2031)

13 Key Players Analysis
    13.1 ABB
        13.1.1 ABB Company Information
        13.1.2 ABB Solar Transformer Product Portfolios and Specifications
        13.1.3 ABB Solar Transformer Sales, Revenue, Price and Gross Margin (2020-2025)
        13.1.4 ABB Main Business Overview
        13.1.5 ABB Latest Developments
    13.2 Ormazabal Velatia
        13.2.1 Ormazabal Velatia Company Information
        13.2.2 Ormazabal Velatia Solar Transformer Product Portfolios and Specifications
        13.2.3 Ormazabal Velatia Solar Transformer Sales, Revenue, Price and Gross Margin (2020-2025)
        13.2.4 Ormazabal Velatia Main Business Overview
        13.2.5 Ormazabal Velatia Latest Developments
    13.3 Noratel
        13.3.1 Noratel Company Information
        13.3.2 Noratel Solar Transformer Product Portfolios and Specifications
        13.3.3 Noratel Solar Transformer Sales, Revenue, Price and Gross Margin (2020-2025)
        13.3.4 Noratel Main Business Overview
        13.3.5 Noratel Latest Developments
    13.4 Olsun Electrics
        13.4.1 Olsun Electrics Company Information
        13.4.2 Olsun Electrics Solar Transformer Product Portfolios and Specifications
        13.4.3 Olsun Electrics Solar Transformer Sales, Revenue, Price and Gross Margin (2020-2025)
        13.4.4 Olsun Electrics Main Business Overview
        13.4.5 Olsun Electrics Latest Developments
    13.5 ABC Transformers
        13.5.1 ABC Transformers Company Information
        13.5.2 ABC Transformers Solar Transformer Product Portfolios and Specifications
        13.5.3 ABC Transformers Solar Transformer Sales, Revenue, Price and Gross Margin (2020-2025)
        13.5.4 ABC Transformers Main Business Overview
        13.5.5 ABC Transformers Latest Developments
    13.6 Marsons
        13.6.1 Marsons Company Information
        13.6.2 Marsons Solar Transformer Product Portfolios and Specifications
        13.6.3 Marsons Solar Transformer Sales, Revenue, Price and Gross Margin (2020-2025)
        13.6.4 Marsons Main Business Overview
        13.6.5 Marsons Latest Developments
    13.7 CG Power and Industrial Solutions
        13.7.1 CG Power and Industrial Solutions Company Information
        13.7.2 CG Power and Industrial Solutions Solar Transformer Product Portfolios and Specifications
        13.7.3 CG Power and Industrial Solutions Solar Transformer Sales, Revenue, Price and Gross Margin (2020-2025)
        13.7.4 CG Power and Industrial Solutions Main Business Overview
        13.7.5 CG Power and Industrial Solutions Latest Developments
    13.8 Daelim Transformer
        13.8.1 Daelim Transformer Company Information
        13.8.2 Daelim Transformer Solar Transformer Product Portfolios and Specifications
        13.8.3 Daelim Transformer Solar Transformer Sales, Revenue, Price and Gross Margin (2020-2025)
        13.8.4 Daelim Transformer Main Business Overview
        13.8.5 Daelim Transformer Latest Developments
    13.9 GBP
        13.9.1 GBP Company Information
        13.9.2 GBP Solar Transformer Product Portfolios and Specifications
        13.9.3 GBP Solar Transformer Sales, Revenue, Price and Gross Margin (2020-2025)
        13.9.4 GBP Main Business Overview
        13.9.5 GBP Latest Developments
    13.10 Gujarat Transformers
        13.10.1 Gujarat Transformers Company Information
        13.10.2 Gujarat Transformers Solar Transformer Product Portfolios and Specifications
        13.10.3 Gujarat Transformers Solar Transformer Sales, Revenue, Price and Gross Margin (2020-2025)
        13.10.4 Gujarat Transformers Main Business Overview
        13.10.5 Gujarat Transformers Latest Developments
    13.11 Hitachi Energy
        13.11.1 Hitachi Energy Company Information
        13.11.2 Hitachi Energy Solar Transformer Product Portfolios and Specifications
        13.11.3 Hitachi Energy Solar Transformer Sales, Revenue, Price and Gross Margin (2020-2025)
        13.11.4 Hitachi Energy Main Business Overview
        13.11.5 Hitachi Energy Latest Developments
    13.12 Jaybee Industries
        13.12.1 Jaybee Industries Company Information
        13.12.2 Jaybee Industries Solar Transformer Product Portfolios and Specifications
        13.12.3 Jaybee Industries Solar Transformer Sales, Revenue, Price and Gross Margin (2020-2025)
        13.12.4 Jaybee Industries Main Business Overview
        13.12.5 Jaybee Industries Latest Developments
    13.13 Pauwels Transformers
        13.13.1 Pauwels Transformers Company Information
        13.13.2 Pauwels Transformers Solar Transformer Product Portfolios and Specifications
        13.13.3 Pauwels Transformers Solar Transformer Sales, Revenue, Price and Gross Margin (2020-2025)
        13.13.4 Pauwels Transformers Main Business Overview
        13.13.5 Pauwels Transformers Latest Developments
    13.14 Prolec
        13.14.1 Prolec Company Information
        13.14.2 Prolec Solar Transformer Product Portfolios and Specifications
        13.14.3 Prolec Solar Transformer Sales, Revenue, Price and Gross Margin (2020-2025)
        13.14.4 Prolec Main Business Overview
        13.14.5 Prolec Latest Developments
    13.15 QRE Transformer
        13.15.1 QRE Transformer Company Information
        13.15.2 QRE Transformer Solar Transformer Product Portfolios and Specifications
        13.15.3 QRE Transformer Solar Transformer Sales, Revenue, Price and Gross Margin (2020-2025)
        13.15.4 QRE Transformer Main Business Overview
        13.15.5 QRE Transformer Latest Developments
    13.16 Schott Magnetics
        13.16.1 Schott Magnetics Company Information
        13.16.2 Schott Magnetics Solar Transformer Product Portfolios and Specifications
        13.16.3 Schott Magnetics Solar Transformer Sales, Revenue, Price and Gross Margin (2020-2025)
        13.16.4 Schott Magnetics Main Business Overview
        13.16.5 Schott Magnetics Latest Developments
    13.17 Servokon
        13.17.1 Servokon Company Information
        13.17.2 Servokon Solar Transformer Product Portfolios and Specifications
        13.17.3 Servokon Solar Transformer Sales, Revenue, Price and Gross Margin (2020-2025)
        13.17.4 Servokon Main Business Overview
        13.17.5 Servokon Latest Developments
    13.18 Shilchar Technologies
        13.18.1 Shilchar Technologies Company Information
        13.18.2 Shilchar Technologies Solar Transformer Product Portfolios and Specifications
        13.18.3 Shilchar Technologies Solar Transformer Sales, Revenue, Price and Gross Margin (2020-2025)
        13.18.4 Shilchar Technologies Main Business Overview
        13.18.5 Shilchar Technologies Latest Developments
    13.19 Subian
        13.19.1 Subian Company Information
        13.19.2 Subian Solar Transformer Product Portfolios and Specifications
        13.19.3 Subian Solar Transformer Sales, Revenue, Price and Gross Margin (2020-2025)
        13.19.4 Subian Main Business Overview
        13.19.5 Subian Latest Developments
    13.20 Eaton
        13.20.1 Eaton Company Information
        13.20.2 Eaton Solar Transformer Product Portfolios and Specifications
        13.20.3 Eaton Solar Transformer Sales, Revenue, Price and Gross Margin (2020-2025)
        13.20.4 Eaton Main Business Overview
        13.20.5 Eaton Latest Developments
    13.21 Acutran
        13.21.1 Acutran Company Information
        13.21.2 Acutran Solar Transformer Product Portfolios and Specifications
        13.21.3 Acutran Solar Transformer Sales, Revenue, Price and Gross Margin (2020-2025)
        13.21.4 Acutran Main Business Overview
        13.21.5 Acutran Latest Developments
    13.22 Actom
        13.22.1 Actom Company Information
        13.22.2 Actom Solar Transformer Product Portfolios and Specifications
        13.22.3 Actom Solar Transformer Sales, Revenue, Price and Gross Margin (2020-2025)
        13.22.4 Actom Main Business Overview
        13.22.5 Actom Latest Developments

14 Research Findings and Conclusion