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Global Opportunities & Challenges in Smart Transformers Market, Forecast 2017-2023

10-16-2018 10:45 AM CET | Industry, Real Estate & Construction

Press release from: Allied Market Research

Global Opportunities & Challenges in Smart Transformers Market, Forecast 2017-2023

Global Opportunities & Challenges in Smart Transformers Market, Forecast 2017-2023

Smart transformer operates independently to regulate voltage, maintain contact with smart grid to permit remote access, and provide feedback in a power supply system. The remote access provided by smart transformers saves time and resources of users. An in-built monitoring function of smart transformers improves reliability by keeping a watch on critical components, such as winding, core, tap changer and others. Smart transformers protect electrical equipment from power fluctuations; reduce energy consumption and greenhouse emissions, and improve efficiency of electrical appliances. It is eco-friendly and enables users to save money by utilizing energy efficiently.

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Aging infrastructure, awareness about energy sources, and advancements in technology propel the growth of the world smart transformers market. However, access to affordable capital and cyber security & data privacy are factors obstructing the growth of the market. On the other hand, reformations in power sector and monitoring micro generators are creating opportunities in the market.

The world smart transformers market is segmented based on type, application, and geography. On the basis of types, the market is further classified into power, distribution, specialty, and instrument. The applications discussed in the report are smart grid, traction locomotive, electric vehicle charging, and others. Geographically, the market is divided into North America, Asia-Pacific, Europe, and Latin America, Middle East and Africa (LAMEA).

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The prominent manufacturers operating in the market are Siemens AG, ABB Ltd., General Electric, Eaton Corporation, Alstom, Schneider Electric, Crompton Greaves, Howard Industries Inc, Gridco Systems, Alstom S.A., SPX Transformer Solutions Inc., and Bharat Heavy Electricals Limited. Approvals, agreements, collaborations, mergers & acquisitions, partnerships, joint ventures, expansions, and others are some of the key strategies adopted by these companies to gain stronghold in the market.

KEY BENEFITS FOR STAKEHOLDERS:
•The report offers a detailed analysis of key driving and restraining factors of the world smart transformers market.
•This report offers an in-depth quantitative analysis of the current market and estimations through 2015-2020, which assists in identifying the prevailing market opportunities.
•An exhaustive analysis of key strategies adopted by leading manufacturers helps in understanding competitive scenario.
•The report provides an extensive analysis of current and future market status of the world smart transformers market.
•Comprehensive analysis has been done in this report by constructing market estimations for the key market segments between 2015 and 2020.
•An extensive analysis of current research and clinical developments withinthe world smart transformers market is provided with key market dynamic factors that help in understanding the behavior of the market.
•The world smart transformers market is segmented into North America, Asia-Pacific, Europe, and Latin America, Middle East and Africa (LAMEA).

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Allied Market Research, a market research and advisory company of Allied Analytics LLP, provides business insights and market research reports to large as well as small & medium enterprises. The company assists its clients to strategize business policies and achieve sustainable growth in their respective market domain.

Allied Market Research provides one stop solution from the beginning of data collection to investment advice. The analysts at Allied Market Research dig out factors that help clients to understand the significance and impact of market dynamics. The company amplies client’s insight on the factors, such as strategies, future estimations, growth or fall forecasting, opportunity analysis, and consumer surveys among others. As follows, the company offers consistent business intelligent support to aid the clients to turn into prominent business firm.

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