Global Smart Transformers Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027

MarketResearch.biz delivers in-depth insights on the global smart transformers market in its upcoming report titled, “Global Smart Transformers Market Trends, Applications, Analysis, Growth, and Forecast: 2018 to 2027”. The global smart transformers market is estimated to register a CAGR of XX.X% in terms of value during forecast period 2018–2027. The report offers in-depth insights, revenue details, and other vital information regarding the target market, and the various trends, drivers, restraints, opportunities, and threats till 2027. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global smart transformers market report has been segmented on the basis of product type, application, and region.

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Smart transformer is a combination of high-powered semiconductors, high-frequency conventional transformers, and control circuitry with communication ability that is used to provide flexible control to power distribution networks. Smart transformer uses voltage optimization process to provide exact amount of power that is needed, and also responds immediately to fluctuations within the power grid, acting as a voltage regulator. Smart transformers allow remote administration and also provide information and feedback about the power supply and the transformer.

Growing electricity demand coupled with technological advancements in power distribution systems are major factors driving growth of the global smart transformers market. In addition, growing demand for proper protection of electrical equipment and increasing use of smart transformers to regulate power supply from volatile power sources such as photovoltaic, biogas plants, etc. are other factors expected to boost demand for smart transformers, in turn fueling growth of the global smart transformers market over the forecast period.

However, high costs associated with installation of smart transformers is a major factor restraining growth of the global smart transformers market over the forecast period. Additionally, concerns related to security is another factor expected to hamper growth of the global smart transformers market to a significant extent.

The market in Asia Pacific is expected to account for highest share in terms of revenue and is expected to maintain its dominance over the forecast period. This dominance can be attributed to increasing investments in upgradation of electrical transmission and distribution infrastructure in emerging economies such as China, Japan, and India. The market in North America is expected to register significant growth in the global market followed by market in Europe, owing to presence of major vendors in countries in the regions. Moreover, market in Latin America and Middle East & Africa is expected to register moderate growth in the target market over the forecast period.

Global smart transformers market segmentation:

By Product Type:

• Power Transformers
• Distribution Transformers
• Specialty Transformers
• Instrument Transformers

By Application:

• Smart Grid
• Traction Locomotive
• Electric Vehicle Charging
• Others

By Region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

• ABB Ltd.
• Schneider Electric S.E.
• Eaton Corporation plc
• Siemens AG
• General Electric Company
• Wilson Transformer Company Pty Ltd.
• Mitsubishi Electric Corporation
• Cooper Power Systems, LLC
• Howard Industries, Inc.
• Alstom SA