The report “Smart Transformers Market by Type (Power, Distribution, Specialty, and Instrument), Application (Smart Grid, Traction Locomotive, Electric Vehicle Charging, and Others) & by Region – Global Trends & Forecast to 2020” defines and segments the smart transformer market with analysis of value, market share of leading players, and forecast for future trends. It also identifies the driving forces, restraining factors, and challenges for the market, highlighting the latest trends, and identifying opportunities.
Browse 76 market data tables and 62 figures spread through 182 pages and in-depth TOC on “Smart Transformers Market – Global Trends & Forecast to 2020″
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The global distribution smart transformer market is projected to grow from $903.7 Million in 2015 to $2,185.8 Million in 2020, at a CAGR of 19.3%.
Asia-Pacific is also projected to emerge as the fastest growing market during the forecast period, growing at a CAGR of 20%, followed by North America at 19.4%. Europe and the Middle East are expected to witness growth rates of 18.8% and 19.3% during the forecast period, respectively.
The global smart transformer market is projected to grow at a CAGR of 19.3% from 2015 to 2020, with increasing demand from countries such as China, India, the U.S., and Germany. Expansion of power distribution networks to connect more populations to electricity supply, modernize aged infrastructure, improving efficiency of power supply using smart grid technology, and increasing installations of electric vehicle charging stations are playing an important role in generating demand for smart transformers.
Leading players in the global Smart Transformer Market include Siemens AG (Germany), ABB Ltd. (Switzerland), General Electric (U.S.), Eaton Corporation (U.S.), Alstom (France), Schneider Electric (France), and Crompton Greaves (India) among others. Players in the global smart transformer market make investments in R&D to enhance the efficiency of their products. These companies are expanding into new territories to take advantage of opportunities in the fast-growing emerging economies of Asia-Pacific, the Middle East, and South America through joint-ventures, mergers and acquisitions, and partnerships.
This report offers a detailed analysis of key companies and competitive analysis of developments recorded in the industry in the past three years. Market drivers, restraints, opportunities, burning issues, and latest industry trends of the market have been discussed in detail
The global smart transformer market based on type includes the segments of distribution transformer, power transformer, specialty transformer, and instrument transformer. The market on the basis of application has been segmented into smart grid, traction locomotive, electric vehicle charging, and others. Asia-Pacific, North America, Europe, Middle East, South America and Africa, along with information for important countries in each region, such as the China, India, Japan, the U.S., the U.K., Germany, Saudi Arabia, Brazil, South Africa, and others.
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Scope of the Report
This report focuses on the global smart transformer market, which has been segmented on the basis of type, application, and region.
On the basis of type
- Distribution transformer
- Power transformer
- Specialty transformer
- Instrument transformer
On the basis of Application
- Smart Grid
- Traction Locomotive
- Electric Vehicle Charging
On the basis of Region
- North America
- Middle East
- South America
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