Solar Transformer Market By Share, Size and Forecast 2028 | TechSci Research

Global Solar Transformer Market has valued at USD 1.07 Billion in 2022 and is anticipated to project robust growth in the forecast period with a CAGR of 3.25 % through 2028. Solar energy is becoming increasingly popular due to the benefits it offers, such as lower electricity bills, reduced carbon footprint, and energy independence. Solar transformers are an essential component of solar energy systems, and this is driving the demand for solar transformers. Grid-connected solar systems are becoming increasingly popular due to the benefits they offer. Solar transformers are used in grid-connected solar systems to step up the voltage of DC power generated by solar panels to AC voltage that can be transmitted to the grid. Governments and private investors are investing heavily in the solar sector.

Key Market Players

ABB
Ormazabal Velatia
OREX
Olsun Electrics
Núcleo ATS
Northern Transformer
Noratel
Ningbo Wanji Electronics Science & Technology
ABC Transformers
Marsons
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