Smart transformers, also known as solid-state transformers, control the electric distribution grid. They provide optimized voltage by maintaining the contact with the smart grid to provide feedback about the transformer and power supply through remote administration. Large commercial facilities are increasingly using these transformers, as they cater to the energy needs of the facility efficiently and economically.
Smart distribution transformers accounted for the highest shares of the smart transformers market in 2017. The developing countries like India and China are witnessing rapid urbanization and this in turn, is resulting in the growing demand for the reliable distribution of electric power. This in turn, will drive the demand for smart distribution transformers in these countries during the next few years.
APAC will account for the major shares of this market during the forecast period. The rising electricity consumption in major countries such as China and India due to the rapid urbanization and the improving living standards, will propel growth of the smart transformer market in this region.
In 2019, the market size of Smart Transformers is xx million US$ and it will reach xx million US$ in 2025, growing at a CAGR of xx% from 2019; while in China, the market size is valued at xx million US$ and will increase to xx million US$ in 2025, with a CAGR of xx% during forecast period.
In this report, 2018 has been considered as the base year and 2019 to 2025 as the forecast period to estimate the market size for Smart Transformers.
This report studies the global market size of Smart Transformers, especially focuses on the key regions like United States, European Union, China, and other regions (Japan, Korea, India and Southeast Asia).
This study presents the Smart Transformers production, revenue, market share and growth rate for each key company, and also covers the breakdown data (production, consumption, revenue and market share) by regions, type and applications. history breakdown data from 2014 to 2019, and forecast to 2025.
For top companies in United States, European Union and China, this report investigates and analyzes the production, value, price, market share and growth rate for the top manufacturers, key data from 2014 to 2019.
In global market, the following companies are covered:
ABB
GE
BHEL
Siemens
CG
Eaton
Schneider Electric
Mitsubishi Electric
SPX Transformer Solutions
Gridbridge
Gridco Systems
Howard Industries
Miracle Electronics Devices
Varentec
Market Segment by Product Type
Smart Distribution Transformer
Smart Power Transformer
Other
Market Segment by Application
Industrial Sector
Residential Sector
Commercial Sector
Key Regions split in this report: breakdown data for each region.
United States
China
European Union
Rest of World (Japan, Korea, India and Southeast Asia)
The study objectives are:
To analyze and research the Smart Transformers status and future forecast in United States, European Union and China, involving sales, value (revenue), growth rate (CAGR), market share, historical and forecast.
To present the key Smart Transformers manufacturers, presenting the sales, revenue, market share, and recent development for key players.
To split the breakdown data by regions, type, companies and applications
To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
To identify significant trends, drivers, influence factors in global and regions
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
In this study, the years considered to estimate the market size of Smart Transformers are as follows:
History Year: 2014-2018
Base Year: 2018
Estimated Year: 2019
Forecast Year 2019 to 2025
Summary:
Get latest Market Research Reports on Smart Transformers . Industry analysis & Market Report on Smart Transformers is a syndicated market report, published as Global (United States, European Union and China) Smart Transformers Market Research Report 2019-2025. It is complete Research Study and Industry Analysis of Smart Transformers market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.