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Smart Transformers Market Growth Analysis by Varentec, Miracle Electronics Devices, ABB, GE, BHEL, Siemens, CG, Eaton, Schneider Electric, Mitsubishi Electric and More
This report presents the worldwide Smart Transformers market size (value, production and consumption), splits the breakdown (data status 2013-2018 and forecast to 2025), by manufacturers, region, type and application.
This study also analyzes the market status, market share, growth rate, future trends, market drivers, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.
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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.
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.
The top manufacturers are covered in this report such as ABB, GE, BHEL, Siemens, CG, Eaton, Schneider Electric, Mitsubishi Electric, SPX Transformer Solutions, Gridbridge, Gridco Systems, Howard Industries, Miracle Electronics Devices and Varentec.
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The Global Smart Transformers Market Data Breakdown by type segment smart distribution transformer, smart power transformer and other. Also market data by application segment covers industrial sector, residential sector and commercial sector.
Related Report:
2018-2023 Global Special Transformers Consumption Market Report
This report presents a comprehensive overview, market shares, and growth opportunities of Special Transformers market by product type, application, key manufacturers and key regions.
Over the next five years, the latest research study projects that Special Transformers will register a 5.2% CAGR in terms of revenue, reach US$ 2430 million by 2023, from US$ 1800 million in 2017.
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report such as ABB, SIEMENS, Alstom, Toshiba, TBEA, Tianwei and XD.
Read More: https://www.researchbeam.com/2018-2023-global-special-transformers-consumption-report-market?utm_source=OPR&utm_medium=CC
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