The report presents an in-depth assessment of the Smart Transformers including enabling technologies, key trends, market drivers, challenges, standardization, regulatory landscape, deployment models, operator case studies, opportunities, future roadmap, value chain, ecosystem player profiles and strategies. The report also presents forecasts for Smart Transformers investments from 2020 till 2025.
The global smart transformers market is expected to grow at a CAGR of more than 2% over the period 2020-2025.
The Smart Transformers market is highly competitive and consists of a number of major players. Top Companies like ABB Ltd, Siemens AG, Schneider Electric SE, Eaton Corporation PLC and General Electric Company. among others
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Scope of the Report
Asia-Pacific is the largest and is expected to be the fastest growing region primarily driven by the transmission and distribution developments and industrial growth in Southeast Asia, China, and India.
Key Market Trends
Distribution Transformers to Dominate the Market
– The growing emphasis on renewable energy generation across the world, coupled with increasing electrical infrastructure projects, is expected to drive the demand for distribution transformers during the forecast period, in turn driving the smart transformers market.
– In electric distribution grid, smart transformers work independently to monitor and regulate the voltage while maintaining a contact with the smart grid. This enables the information about the transformer and the power supply to be provided even by remote administration. Hence, this enables for proper load management, resulting in better power quality and lesser power outages.
– In 2018, India was the third-largest electricity-generating nation in the world. This power is generated from both conventional and renewable sources. The country has made major strides in improving access to power among both rural and urban communities through various government-led schemes focused on Power for All.
– Developed economies, such as the United States, European Countries, and Japan, contribute to the significant demand for smart transformers, owing to the increasing replacement of aging power distribution equipment, and increase in the integration of renewables to the grid.
What are the market factors that are explained in the report?
–Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.
–Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.
–Analytical Tools: Smart Transformers Market report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, feasibility study, and investment return analysis have been used to analyzed the growth of the key players operating in the market.
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The research includes historic data from 2015 to 2020 and forecasts until 2025 which makes the reports an invaluable resource for industry executives, marketing, sales and product managers, consultants, analysts, and other people looking for key industry data in readily accessible documents with clearly presented tables and graphs.
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