(MENAFN- Comserve) Shibuya-ku, Tokyo, Japan, Japan, Oct 14, 2021, 06:50 /Comserve / -- The global Smart Transformers market is segregated on the basis of Application as Electric Vehicle Charging, Smart Grid, Traction Locomotive, and Others.
The Global Smart Transformers Market is expected to grow by 2025 at a CAGR of 11.48%.
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.
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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
Electric Vehicle Charging
Smart Grid
Traction Locomotive
Others
Smart Transformers Market, By Component
Hardware for Transformer Monitoring
Transformers
Switches
SIC Power Mosfets
Power Diodes
Insulated Gate Bipolar Transistors
SIC Power Thyristors
Converters
Ac to Dc Converters
Dc to Ac Converters
Dc to Dc Converters
Ac to Ac Converters
Others
High Voltage Inductors
High Voltage Capacitors
High Voltage Resistors
Smart Transformers Market, By Type
Specialty Transformers
Instrument Transformers
Distribution Transformers
Power Transformers
Smart Transformers Market, By Region
North America
Europe
Asia-Pacific
Rest of the World
Smart Transformers Market, By Company
Bhel
CG Power
Gridco
Howard Industries
SPX Transformer
ABB
Siemens
Schneider Electric
Eaton
GE
The report covers:
Global Smart Transformers market sizes from 2015 to 2024, along with CAGR for 2018-2024
Market size comparison for 2017 vs 2024, with actual data for 2017, estimates for 2018 and forecast from 2019 to 2024
Global Smart Transformers market trends, covering comprehensive range of consumer trends & manufacturer trends
Value chain analysis covering participants from raw material suppliers to the downstream buyer in the global Smart Transformers market
Major market opportunities and challenges in forecast timeframe to be focused
Competitive landscape with analysis on competition pattern, portfolio comparisons, development trends and strategic management
Comprehensive company profiles of the key industry players
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:
Gain detailed insights on the Smart Transformers industry trends
Find complete analysis on the market status
Identify the Smart Transformers market opportunities and growth segments
Analyse competitive dynamics by evaluating business segments & product portfolios
Facilitate strategy planning and industry dynamics to enhance decision making.
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