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Smart Transformers Market, by Component (Converters, Switches, Transformers, Hardware for Transformer Monitoring, Others), Type (Power Transformers, Distribution Transformers, Specialty Transformers, Instrument Transformers), Application (Traction Locomotive, Smart Grid, Electric Vehicle Charging, Other Applications) – Global Revenue, Trends, Growth, Share, Size and Forecast to 2022

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Smart transformers are used in industries to strengthen communications and avoid power outages. They prevent faults and power wastage. They are used in various applications such as in locomotives, smart grid, electric vehicle charging and many more. The smart grids have two-way communication means which is useful for real-time monitoring and controlling of network characteristics. They are equipped with self-realization characteristics that help to restore the normal functioning of power utilities. This report studies the current and future aspects of the smart transformers market.

The report tracks the major market events including product launches, technological developments, mergers & acquisitions, and the innovative business strategies opted by key market players. Along with strategically analyzing the key micro markets, the report also focuses on industry-specific drivers, restraints, opportunities and challenges in the smart transformers market. The scope of this report covers the smart transformers market by its major segments, which include the types, applications, and the major geographic regions.

KEY BENEFITS OF THE REPORT

  • In-depth analysis of the market ecosystem and its impact on the revenue growth
  • Understanding of the strategies that are being adopted by the key players in this market to stay competitive
  • Valuable insights into the key technological and market trends impacting this market

KEY PREMIUM INDUSTRY INSIGHTS

  • The global smart transformers market is growing at a steady pace during the forecasted period mainly because of factors such as increasing demand for power and utilities, focus on alternative energy production worldwide, improving smart transformers technologies, digitalization of power utilities, investments in energy systems and improving infrastructure facilities.
  • The transformers are important for proper load management, resulting in improved power quality and lower power outages, which is contributing towards the market growth.

The global smart transformers market is divided into five major geographical segments which are North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America. The Asia Pacific region holds the highest market share and is the largest revenue contributor of smart transformers market. The region continues to dominate the global market during the forecasted period because of factors such as increased power consumption, and rise in initiatives by government to improve the power generation capacity in countries like India and China. There is an increase in power consumption which is driving the market growth further in this region. Countries like China and Japan have targeted to increase its total energy generation from zero emission sources like wind and solar power; this feature is boosting the market growth.

RESEARCH METHODOLOGY

The research methodology for Scalar Market Research’s smart transformers market report utilizes a combination of top-down and bottom-up research formats. Our primary focus on continuous market tracking, rigorous fact-checking, data-triangulation, and multiple layers of quality control ensures high-quality data that can be leveraged for actionable research insights.

To know about the assumptions considered for the study, Download PDF Sample.

MARKET SEGMENTATION

This report analyzes the smart transformers market by the following segments:

  • Smart Transformers Market, by Component
    • Converters
    • Switches
    • Transformers
    • Hardware for Transformer Monitoring
    • Others
  • Smart Transformers Market, by Type
    • Power Transformers
    • Distribution Transformers
    • Specialty Transformers
    • Instrument Transformers
  • Smart Transformers Market, by Application
    • Traction Locomotive
    • Smart Grid
    • Electric Vehicle Charging
    • Other Applications

KEY MARKET PLAYERS

Key players in the smart transformers market include:

  • ABB
  • Siemens
  • Schneider Electric
  • Eaton
  • GE
  • Wilson Transformer
  • Mitsubishi Electric
  • BHEL
  • CG Power
  • Gridco

GEOGRAPHIC COVERAGE AND ANALYSIS

This granular market research report covers the following geographic regions in great detail:

  • NORTH AMERICA
    • U.S.
    • Rest of North America
  • EUROPE
    • France
    • Germany
    • U.K.
    • Rest of Europe
  • ASIA-PACIFIC
    • China
    • India
    • Japan
    • Rest of Asia-Pacific
  • MIDDLE EAST & AFRICA
    • GCC
    • North Africa
    • South Africa
    • Rest of Middle East & Africa
  • LATIN AMERICA
    • Brazil
    • Rest of Latin America

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  1. MARKET OVERVIEW
    1. Market Definitions
    2. Research Methodology
    3. Market Segmentation
  2. EXECUTIVE SUMMARY
  3. MARKET DYNAMICS
    1. Drivers
    2. Restraints
    3. Opportunities
    4. Premium Industry Trends
  4. INDUSTRY ANALYSIS
    1. Value Chain Analysis
  5. SMART TRANSFORMERS MARKET, BY COMPONENT
    1. Segment Share
    2. By Component
      1. Converters
      2. Switches
      3. Transformers
      4. Hardware for Transformer Monitoring
      5. Others
  6. SMART TRANSFORMERS MARKET, BY TYPE
    1. Segment Share
    2. By Type
      1. Power Transformers
      2. Distribution Transformers
      3. Specialty Transformers
      4. Instrument Transformers
  7. SMART TRANSFORMERS MARKET, BY APPLICATION
    1. Segment Share
    2. By Application
      1. Traction Locomotive
      2. Smart Grid
      3. Electric Vehicle Charging
      4. Other Applications
  8. SMART TRANSFORMERS MARKET, BY GEOGRAPHY
    1. Segment Share
    2. North America
      1. By Regions
        1. U.S.
        2. Rest of North America
      2. By Component
      3. By Type
      4. By Application
    3. Europe
      1. By Region
        1. France
        2. Germany
        3. U.K.
        4. Rest of Europe
      2. By Component
      3. By Type
      4. By Application
    4. Asia-Pacific
      1. By Region
        1. China
        2. India
        3. Japan
        4. Rest of Asia-Pacific
      2. By Component
      3. By Type
      4. By Application
    5. Middle East & Africa
      1. By Region
        1. GCC
        2. North Africa
        3. South Africa
        4. Rest of Middle East & Africa
      2. By Component
      3. By Type
      4. By Application
    6. Latin America
      1. By Region
        1. Brazil
        2. Rest of Latin America
      2. By Component
      3. By Type
      4. By Application
  9. COMPETITIVE LANDSCAPE
    1. Market Positioning of Key Players, 2016
  10. KEY MARKET PLAYERS
    1. ABB
      1. Overview
      2. Key Strategies
      3. Key Developments
    2. Siemens
      1. Overview
      2. Key Strategies
      3. Key Developments
    3. Schneider Electric
      1. Overview
      2. Key Strategies
      3. Key Developments
    4. Eaton
      1. Overview
      2. Key Strategies
      3. Key Developments
    5. GE
      1. Overview
      2. Key Strategies
      3. Key Developments
    6. Wilson Transformer
      1. Overview
      2. Key Strategies
      3. Key Developments
    7. Mitsubishi Electric
      1. Overview
      2. Key Strategies
      3. Key Developments
    8. BHEL
      1. Overview
      2. Key Strategies
      3. Key Developments
    9. CG Power
      1. Overview
      2. Key Strategies
      3. Key Developments
    10. Gridco
      1. Overview
      2. Key Strategies
      3. Key Developments
  11. SCALAR 360 DEGREE MARKET PERSPECTIVE
  12. APPENDIX
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