Global Smart Transformers Market - 2019-2026
|全球智慧變壓器市場 Global Smart Transformers Market - 2019-2026|
|出版日期: 2019年11月01日||內容資訊: 英文||
The Global Smart Transformers market was valued at USD xx million in 2017 and is estimated to reach USD xx million by 2025, with a CAGR of xx% during the forecast period from 2018 to 2025. Smart transformers play an essential role in the electric distribution grid.
It continually regulates the voltage and maintains contact with the grid, allows remote administration and provides information and feedback about the power supply. Smart transformers protect electrical equipment from power fluctuations; reduce energy consumption and greenhouse emissions, and improve the efficiency of electrical appliances. It is eco-friendly and enables users to save money by utilizing energy efficiently.
Global Smart Transformers Market - Drivers & Restraints
The high demand for smart grid technology, the increasing focus on-load voltage regulation and aging power infrastructure in North American & European regions, are some of the factors which are expected to propel the demand of Smart Transformers.
Also, in developing regions like Asia-Pacific, the demand for smart transformers is high due to a high rate of industrialization and urbanization.
The Global Smart Transformers Market report segments the market by type and application. Transformers type includes Power, Distribution, Instrument, and Specialty. Power Transformers are expected to dominate the market because of the increase in demand of electric supply.
Power smart transformers are used in the transmission networks and integration of the distributed renewable power generators. Monitoring and controlling the power flow in real-time is achieved through the intelligent transformers, benefiting the development of smart transmission & distribution networks.
Based on Application, the market can be classified as Smart Grids, Traction Locomotive, Electric Vehicle Charging and Others. Smart Grids is the largest segment in applications.
The report segments the market based on geography as North America, South America, Asia-Pacific, Europe and Rest of the World. The smart transformers market is estimated to grow briskly in APAC region because of the rapid urbanization in the countries like China and India, which is resulting in the growing demand for electric power which in turn will drive the need for smart transformers in the nearby future.
Currently, North America has a high demand for smart grids. North America, being a mature market already, the need for intelligent transformers is driven by the aging power transmission & distribution infrastructure.
ABB, WEG, Hammond Power Solutions Inc., CG Global, Eaton, General Electric, Mitsubishi Electric Power Products Inc. (MEPPI), Schneider Electric, Siemens AG, SPX Transformer Solu-tions Inc.
Key market segments covered