The global Smart Transformers Market is expected to be around US$ 3.6 billion by 2027 at a CAGR of 10.5%.
Smart transformers are transformers which integrates a general transformer’s structures with monitoring software and communication technology among others. Power transformers are one of the most significant and complex components of the electricity generation and transmission process. An owner of a power transformer has to face certain challenges such as high maintenance cost for covering life of a transformer among others. Failure of a power transformer can lead to terrible consequences such as revenue loss, life loss and legal consequences among others. Such challenges have led to the advent of smart transformers. This new-age transformer is intended to agree the maintenance of the power load independently. They can control the voltage constantly, while maintaining contact with the smart grid infrastructure, and bring the optimal amount of power as and when essential. They are automatic to agree remote monitoring and can act on any power fluctuations instantly. Smart transformer delivers the exact amount of power that is essential and replies instantly to fluctuations within the power grid to keep electrical equipment with its ideal voltage.
The global Smart Transformers market is segregated on the basis of Application as Electric Vehicle Charging, Smart Grid, Traction Locomotive, and Others. Based on Component the global Smart Transformers market is segmented in Hardware for Transformer Monitoring, Transformers, Switches, Converters, and Others. Based on Type the global Smart Transformers market is segmented in Specialty Transformers, Instrument Transformers, Distribution Transformers, and Power Transformers.
The global Smart Transformers market report provides geographic analysis covering regions, such as North America, Europe, Asia-Pacific, and Rest of the World. The Smart Transformers market for each region is further segmented for major countries including the U.S., Canada, Germany, the U.K., France, Italy, China, India, Japan, Brazil, South Africa, and others.
Competitive Rivalry
Bhel, CG Power, Gridco, Howard Industries, SPX Transformer, ABB, Siemens, Schneider Electric, Eaton, GE, and others are among the major players in the global Smart Transformers market. The companies are involved in several growth and expansion strategies to gain a competitive advantage. Industry participants also follow value chain integration with business operations in multiple stages of the value chain.
The Smart Transformers Market has been segmented as below:
Smart Transformers Market, By Application
Smart Transformers Market, By Component
Smart Transformers Market, By Type
Smart Transformers Market, By Region
Smart Transformers Market, By Company
The report covers:
Report Scope:
The global Smart Transformers market report scope includes detailed study covering underlying factors influencing the industry trends.
The report covers analysis on regional and country level market dynamics. The scope also covers competitive overview providing company market shares along with company profiles for major revenue contributing companies.
The report scope includes detailed competitive outlook covering market shares and profiles key participants in the global Smart Transformers market share. Major industry players with significant revenue share include Bhel, CG Power, Gridco, Howard Industries, SPX Transformer, ABB, Siemens, Schneider Electric, Eaton, GE, and others.
Reasons to Buy this Report:
Some of the recent developments in Smart Transformers Market are as follows:
ABB
Siemens
Customization
Customized report as per the requirement can be offered with appropriate recommendations.
Below are our New Reports :-
1. Introduction
1.1 Key Insights
1.2 Report Overview
1.3 Markets Covered
1.4 Stakeholders
2. Research Methodology
2.1 Research Scope
2.2 Market Research Process
2.3 Research Data Analysis
2.4.1 Secondary Research
2.4.2 Primary Research
2.4.3 Models for Estimation
2.5 Market Size Estimation
2.5.1 Bottom-Up Approach – Segmental Market Analysis
2.5.2 Top-Down Approach – Parent Market Analysis
3. Executive Summary
4. Market Overview
4.1 Introduction
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.2.4 Challenges
4.2 Porter’s Five Force Analysis
5. Smart Transformers Market, By Application
5.1 Introduction
5.2 Smart Grid
5.2.1 Market Overview
5.2.2 Market Size and Forecast
5.3 Electric Vehicle Charging
5.3.1 Market Overview
5.3.2 Market Size and Forecast
5.4 Traction Locomotive
5.4.1 Market Overview
5.4.2 Market Size and Forecast
5.5 Other Applications
5.5.1 Market Overview
5.5.2 Market Size and Forecast
6. Smart Transformers Market, By Type
6.1 Introduction
6.2 Specialty Transformers
6.2.1 Market Overview
6.2.2 Market Size and Forecast
6.3 Instrument Transformers
6.3.1 Market Overview
6.3.2 Market Size and Forecast
6.4 Power Transformers
6.4.1 Market Overview
6.4.2 Market Size and Forecast
6.5 Distribution Transformers
6.5.1 Market Overview
6.5.2 Market Size and Forecast
7. Smart Transformers Market, By Component
7.1 Introduction
7.2 Transformers
7.2.1 Market Overview
7.2.2 Market Size and Forecast
7.3 Hardware for Transformer Monitoring
7.3.1 Market Overview
7.3.2 Market Size and Forecast
7.4 Converters
7.4.1 Market Overview
7.4.2 Market Size and Forecast
7.5 Switches
7.5.1 Market Overview
7.5.2 Market Size and Forecast
7.6 Others
7.6.1 Market Overview
7.6.2 Market Size and Forecast
8. Smart Transformers Market, By Geography
8.1 Introduction
8.2 North America
8.2.1 North America Smart Transformers, By Application
8.2.2 North America Smart Transformers, By Type
8.2.3 North America Smart Transformers, By Component
8.3 Europe
8.3.1 Europe Smart Transformers, By Application
8.3.2 Europe Smart Transformers, By Type
8.3.3 Europe Smart Transformers, By Component
8.4 Asia-Pacific
8.4.1 Asia-Pacific Smart Transformers, By Application
8.4.2 Asia-Pacific Smart Transformers, By Type
8.4.3 Asia-Pacific Smart Transformers, By Component
8.5 Rest of the World
8.5.1 Rest of the World Smart Transformers, By Application
8.5.2 Rest of the World Smart Transformers, By Type
8.5.3 Rest of the World Smart Transformers, By Component
9. Competitive Insights
9.1 Key Insights
9.2 Company Market Share Analysis
9.3 Strategic Outlook
9.3.1 Mergers & Acquisitions
9.3.2 New Product Development
9.3.3 Portfolio/Production Capacity Expansions
9.3.4 Joint Ventures, Collaborations, Partnerships & Agreements
9.3.5 Others
10. Company Profiles
10.1 SPX Transformer
10.1.1 Company Overview
10.1.2 Product/Service Landscape
10.1.3 Financial Overview
10.1.4 Recent Developments
10.2 Howard Industries
10.2.1 Company Overview
10.2.2 Product/Service Landscape
10.2.3 Financial Overview
10.2.4 Recent Developments
10.3 Gridco
10.3.1 Company Overview
10.3.2 Product/Service Landscape
10.3.3 Financial Overview
10.3.4 Recent Developments
10.4 CG Power
10.4.1 Company Overview
10.4.2 Product/Service Landscape
10.4.3 Financial Overview
10.4.4 Recent Developments
10.5 Bhel
10.5.1 Company Overview
10.5.2 Product/Service Landscape
10.5.3 Financial Overview
10.5.4 Recent Developments
10.6 Mitsubishi Electric
10.6.1 Company Overview
10.6.2 Product/Service Landscape
10.6.3 Financial Overview
10.6.4 Recent Developments
10.7 Wilson Transformer
10.7.1 Company Overview
10.7.2 Product/Service Landscape
10.7.3 Financial Overview
10.7.4 Recent Developments
10.8 GE
10.8.1 Company Overview
10.8.2 Product/Service Landscape
10.8.3 Financial Overview
10.8.4 Recent Developments
10.9 Eaton
10.9.1 Company Overview
10.9.2 Product/Service Landscape
10.9.3 Financial Overview
10.9.4 Recent Developments
10.10 Schneider Electric
10.10.1 Company Overview
10.10.2 Product/Service Landscape
10.10.3 Financial Overview
10.10.4 Recent Developments
10.19 Siemens
10.19.1 Company Overview
10.19.2 Product/Service Landscape
10.19.3 Financial Overview
10.19.4 Recent Developments
10.20 ABB
10.20.1 Company Overview
10.20.2 Product/Service Landscape
10.20.3 Financial Overview
10.20.4 Recent Developments
The Smart Transformers Market has been segmented as below:
Smart Transformers Market, By Application
Smart Transformers Market, By Component
Smart Transformers Market, By Type
Smart Transformers Market, By Region
Smart Transformers Market, By Company
SUBSCRIBE TO OUR NEWSLETTERS
