Smart transformers, also known as solid-state transformers, control the electric distribution grid. They provide optimized voltage by maintaining the contact with the smart grid to provide feedback about the transformer and power supply through remote administration. Large commercial facilities are increasingly using these transformers, as they cater to the energy needs of the facility efficiently and economically.
Smart distribution transformers accounted for the highest shares of the smart transformers market in 2017. The developing countries like India and China are witnessing rapid urbanization and this in turn, is resulting in the growing demand for the reliable distribution of electric power. This in turn, will drive the demand for smart distribution transformers in these countries during the next few years. APAC will account for the major shares of this market during the forecast period. The rising electricity consumption in major countries such as China and India due to the rapid urbanization and the improving living standards, will propel growth of the smart transformer market in this region.
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The global Smart Transformers market is valued at xx million US$ in 2018 is expected to reach xx million US$ by the end of 2025, growing at a CAGR of xx% during 2019-2025.
This report focuses on Smart Transformers volume and value at global level, regional level and company level. From a global perspective, this report represents overall Smart Transformers market size by analyzing historical data and future prospect. Regionally, this report focuses on several key regions: North America, Europe, China and Japan.
Key companies profiled in Smart Transformers Market report are ABB, GE, BHEL, Siemens, CG, Eaton, Schneider Electric, Mitsubishi Electric and more in term of company basic information, Product Introduction, Application, Specification, Production, Revenue, Price and Gross Margin (2014-2019), etc.
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Table of Content
1 Smart Transformers Market Overview
2 Global Smart Transformers Market Competition by Manufacturers
3 Global Smart Transformers Production Market Share by Regions
4 Global Smart Transformers Consumption by Regions
5 Global Smart Transformers Production, Revenue, Price Trend by Type
6 Global Smart Transformers Market Analysis by Applications
7 Company Profiles and Key Figures in Smart Transformers Business
8 Smart Transformers Manufacturing Cost Analysis
9 Marketing Channel, Distributors and Customers
10 Market Dynamics
11 Global Smart Transformers Market Forecast
12 Research Findings and Conclusion
13 Methodology and Data Source