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Global Smart Transformer Market 2017-2021 - New Study Released



22.11.2017 14:13:52 - New Manufacturing market report from TechNavio: "Global Smart Transformer Market 2017-2021"

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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.
In addition, smart transformers act as voltage regulators by instantly responding to the fluctuations. This helps in reducing the consumption of energy without disturbing the optimized voltage and provides optimal power supply to the electrical equipment. Thus, these transformers are increasingly preferred in Point of Common Coupling (PCC) in grids, which helps in protecting the electrical equipment during power fluctuations. Many vendors such as Miracle Electronics offer smart transformers.

Technavio's analysts forecast the global smart transformer market to grow at a CAGR of 15.25% during the period 2017-2021.

Covered in this report
The report covers the present scenario and the growth prospects of the global smart transformer market for 2017-2021. To calculate the market size, the report considers the new installations/shipments/sales/volume/value and exclude retrofit/replacement/spares/aftermarket/services market.

The market is divided into the following segments based on geography:

* Americas
* APAC
* EMEA

Technavio's report, Global Smart Transformer Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors

* ABB
* GE
* Siemens

Other prominent vendors

* BHEL
* CG
* Eaton
* GRIDBRIDGE
* GRIDCO SYSTEMS
* Howard Industries
* Miracle Electronics Devices
* Mitsubishi Electric
* Schneider Electric
* SPX TRANSFORMER SOLUTIONS
* Varentec

Market driver

* Renewable power generation capacity expansion
* For a full, detailed list, view our report

Market challenge

* High investment needed from a financially weak distribution sector for upgrading networks
* For a full, detailed list, view our report

Market trend

* Evolution of smart grids
* For a full, detailed list, view our report

Key questions answered in this report

* What will the market size be in 2021 and what will the growth rate be?
* What are the key market trends?
* What is driving this market?
* What are the challenges to market growth?
* Who are the key vendors in this market space?

You can request one free hour of our analyst's time when you purchase this market report. Details are provided within the report.

Companies Mentioned in this Report: ABB, GE, Siemens, BHEL, CG, Eaton, GRIDBRIDGE, GRIDCO SYSTEMS, Howard Industries, Miracle Electronics Devices, Mitsubishi Electric, Schneider Electric, SPX TRANSFORMER SOLUTIONS, Varentec

Browse our complete collection of Manufacturing research reports at www.fastmr.com/catalog/browse.aspx?category=21&a ..

About Fast Market Research

Fast Market Research is a leading distributor of market research and business information. Representing the world's top research publishers and analysts, we provide quick and easy access to the best competitive intelligence available. Our unbiased, expert staff is always available to help you find the right research to fit your requirements and your budget.

For more information about these or related research reports, please visit our website at www.fastmr.com or call us at 1.800.844.8156 (1.413.485.7001 Int'l)


Author:
Bill Thompson
e-mail
Web: http://www.fastmr.com
Phone: 1.413.485.7001


 

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