Title: Smart Transformers Market- Global Industry, Trends, Size, Share & Analysis 2017-2025
1SMART TRANSFORMERS MARKET Global Industry Trends,
Size, Share Analysis 2017-2025
2Global Smart Transformer Market is anticipated
to grow at a CAGR of about 19.81 during the
forecast years of 2017-2025
- Rise in industrial growth
- Aging infrastructure leading to investment in
smart grids - Higher consumptions pattern in high growth
regions - Rising production of electricity
- Compliance with regulatory standards
- Green energy demand on the rise
3Market by Component Converter Switch Other
Components
- The global smart transformers market is segmented
by type, by component, and by application. - Market by Type is further segmented into
- Distribution transformer
- Instrument transformer
- Power transformer
- Specialty transformer
- Market by Application
- Electric vehicle charging station
- Power (distribution) grid
- Traction locomotives
- Alternative power generation
4Asia-pacific
Europe
North America
The major drivers facilitating the expansion of
the market include a rise in the industrial
growth, aging infrastructure leading to
investment in smart grids, rising production of
electricity and a growing demand for green energy.
The rising production of electricity, compliance
with regulatory standards and the increasing
demand for green energy are majorly responsible
for driving the market.
Increasing urbanization and the subsequent
increase in electricity demand are majorly
responsible for driving the Asian market.
5Global Smart Transformer Market Forecast 2017-2025
Global Smart Transformer Market Growing at a
CAGR 19.81
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During the Forecast Period of
Global smart transformer market is anticipated to
grow at a CAGR of about 19.81 during the
forecast years of 2017-2025.
2017-2025
6- The global smart transformer market is a
fragmented market that houses both domestic
vendors and global players such as - General Electric
- ABB Ltd
- Mitsubishi Electric Corporation
- Schneider Electric Sa
- Siemens Ag
- All these companies are actively contributing for
generating the revenue of the global smart
transformers market by trying to adopt new
technologies, thus increasing their global
presence.
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