Business News

Global Smart Transformers Market will multiply at impressive CAGR of 11.8 by 2022

Press Release

Smart Transformers are solid state transformers that basically act as building blocks in the electrical distribution grids. Being a dominant piece of the Smart grid, these transformers independently work to maintain contact with smart grid as well as voltage regulation. This leads to remote administration and information provision along with feedback regarding the power supply and transformers itself. They address the energy needs of the smart grid and are frequently in use because of being more power efficient and cost effective. The Smart Transformers Market is forecasted to reach USD 2.6 billion at the offset of 2022, growing at a CAGR of approximately 11.8 from 2017 to 2022.

Market Dynamics

There remain many factors acting as the driving and constraining force for the market.

Driving factors:

More emphasis on Green Energy

Heavy electricity use leading to high production

Rising Regulatory policies

Industrialization

Constraint factors:

High Installation Cost

Regulatory and operational challenges

Heavy investment in terms of power grids

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Market Segmentation

The Global Smart Transformers Market is segmented on the basis of the product type, the type of components and applications.

Segmentation based on product type includes Power transformer, Specialty transformer, Distribution transformer and Instrument transformer.

Segmentation based on the type of components includes Converter, Switch and other components.

Segmentation based on Application includes Power distribution Grids, Alternative power generation, electrical vehicle charging station and Traction Locomotives.

Regional/Geographic Analysis

The Smart Transformers Market is segmented into various regions which mainly comprises of North America, South America, Europe, Asia Pacific and Middle East & Africa. In case of Asia-Pacific, the growth efficiency is projected to be very high. This is because of the fact that the frequency of installed generation and distribution capacity directly leads in the increase of inflated demand for Transformers.

Opportunities

Currently, the need for electricity through the globe remains very high. This high demand results in high production if electricity that contributes majorly to the growth of the Global Smart Transformers market. Other than that, the rapid growth of industrialization, urbanization and power shortage acts as the contributing factor and most promising opportunities for the growth of the associated sector.

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Key Players

Some of the major players in the market include:

ABB

Cooper Power Systems

Mitsubishi Electric

Crompton Greaves

General Electric

Siemens AG

The report contains comprehensive analysis on:

Global Smart Transformers Market Segments

Global Smart Transformers Market Drivers, Restraints and Opportunities

Global Smart Transformers Market Size & Forecast 2016 to 2022

Supply & Demand Value Chain

Global Smart Transformers Market Current Trends

Competition &Major Companies

Technology and R&D Status

Porters Five Force Analysis

Strategic and Critical Success Factor Analysis of Key Players

Regional analysis for Global Smart Transformers Market includes:

North America

US and Canada

Latin America

Mexico, Brazil, Argentina and Rest of Latin America

Western Europe

EU5 (Germany, France, Italy, Spain, U.K.)

Nordic Countries (Denmark, Finland, Norway, and Sweden)

Benelux (Belgium, The Netherlands, and Luxembourg)

Rest of Western Europe

Eastern Europe

Russia

Poland

Rest of Eastern Europe

Asia Pacific

China

India

Japan

Australia and New Zealand

Rest of Asia Pacific

Middle East and Africa

GCC countries (Saudi Arabia, Oman, Qatar, Bahrain, UAE and Kuwait)

South Africa

North Africa

Rest of Middle East and Africa

This report is an elaborate aggregation of primary inputs from industry experts and participants across the supply chain. It provides in-depth market segmentation that is derived from extensive product mapping exercises, macro-economic factors and other qualitative and quantitative insights. The impacts of all such factors are delivered across multiple market segments and geographies.

Report Highlights:

Detailed Historical Overview (Market Origins, Product Launch Timeline, etc.)

Consumer and Pricing Analysis

Market dynamics of the industry

In-depth Market Segmentation

Historical and Projected Market Sizing in terms of volume and value

Recent market trends and Impact Factors

R&D Status and Technology Overview

Extensive Industry Structure Coverage

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