openPR Logo
Press release

Smart Transformers Market Growth Must Triple Due to Technology innovation during 2021-2028

05-31-2021 09:10 AM CET | Energy & Environment

Press release from: Allied Analytics LLP

Smart Transformers Market Growth Must Triple Due to Technology

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.

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.

Request Sample PDF Pages @ https://www.alliedmarketresearch.com/request-sample/999

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).

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.

For Customization@ https://www.alliedmarketresearch.com/request-for-customization/999

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 2020 and 2028.
• 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).

Contact us:
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
Toll Free: 1-800-792-5285
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1-855-550-5975
help@alliedmarketresearch.com
Web: www.alliedmarketresearch.com
Follow us on: https://www.linkedin.com/company/allied-market-research

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Smart Transformers Market Growth Must Triple Due to Technology innovation during 2021-2028 here

News-ID: 2293990 • Views:

More Releases from Allied Analytics LLP

Powership Market Growth Driven by Rapid Power Demand and Energy Shortages
Powership Market Growth Driven by Rapid Power Demand and Energy Shortages
According to a new report published by Allied Market Research, the powership market was valued at $3.4 billion in 2021 and is estimated to reach $22.8 billion by 2031, growing at a CAGR of 21.4% from 2022 to 2031. The increasing demand for electricity, growing energy shortages, and the need for rapid deployment of power infrastructure are significantly driving the growth of the powership market worldwide. Download PDF Brochure: https://www.alliedmarketresearch.com/request-sample/7166 Introduction to
Photovoltaic Industry Growth Fueled by Renewable Energy Demand
Photovoltaic Industry Growth Fueled by Renewable Energy Demand
According to a new report published by Allied Market Research, the global photovoltaic market size was valued at $53,916.0 million in 2018 and is projected to reach $333,725.1 million by 2026, growing at a CAGR of 25.1% from 2019 to 2026. The rapid shift toward renewable energy, increasing demand for clean electricity, and supportive government initiatives are significantly accelerating the growth of the photovoltaic market across the globe. Download PDF Brochure:
Solar Cell Market to Reach $367.23 Billion by 2031 Driven by Renewable Energy Adoption
Solar Cell Market to Reach $367.23 Billion by 2031 Driven by Renewable Energy Ad …
According to a new report published by Allied Market Research, the solar cell market size was valued at $84.91 billion in 2021 and is projected to reach $367.23 billion by 2031, growing at a CAGR of 15.8% from 2022 to 2031. The rapid adoption of renewable energy technologies, increasing demand for clean electricity, and supportive government policies are major factors accelerating the growth of the solar cell market globally. Download PDF
Solar Tracker Installation Market to Reach $379.2 Billion by 2026 Driven by Global Solar Adoption
Solar Tracker Installation Market to Reach $379.2 Billion by 2026 Driven by Glob …
According to a new report published by Allied Market Research, the global solar tracker installation market was valued at $162.7 billion in 2018 and is projected to reach $379.2 billion by 2026, growing at a CAGR of 11.1% from 2019 to 2026. The rapid expansion of solar energy projects, increasing installation of photovoltaic systems, and rising awareness regarding clean energy are major factors fueling the growth of the solar tracker

All 5 Releases


More Releases for Smart

Smart Cities Market is Expected to Witness CAGR of 17.3% by 2027 with Applicatio …
A smart city is an urban unit or area that uses various types of electronic Internet of Things (IoT) devices to collect data and then use the insights to manage resources, assets, and services effectively. Green building is a growing trend in the global smart cities market. Constructing eco-friendly infrastructure facilities can provide a sustainable environment in the cities. Moreover, governments are focused on constructing energy-efficient buildings, in order
Internet of Things (IoT) Devices Market By Type (Computing Devices, Smart Media, …
On a global scale, the Internet of Things (IoT) Devices market is currently showing significant development. The innovative methods and market study have helped many of the major players Samsung Electronics, Apple, Lenovo, ASUS, Acer, Huawei, Coolpad, LG Electronics, Google, Panasonic, Microsoft, Brother Industries, Honeywell, Fitbit, Lenovo to carve a name for themselves in the competitive global market. The Internet of Things (IoT) Devices market is experiencing a massive growth
Global Smart Cities Market by Component (Hardware, Software) by Application (Sma …
Global Smart Cities Market: Overview The global smart cities market is expected to reach a mark of over USD 3000 billion by 2024, at a CAGR over 21% during the forecast period. Significant growth in next-generation technologies such as artificial intelligence AI, personalized healthcare, sustainable energy generation and robotics are driving the smart cities’ future. Moreover, the increase in residential preference towards the adoption of advanced information and communication technologies ICT
Global Smart Infrastructure - A Smart Approach To Smart Cities In 2016
Slowly but surely we are beginning to see a transformation take place in many parts of the world, as governments and councils realise they need to take a holistic approach to future city-wide development. In Australia, for example, we see that Adelaide, Canberra, Newcastle, Lake Macquarie, Sydney, Ipswich and Sunshine Coast have all been identified as being among the leading smart cities. The Netherlands also has great examples of emerging
Global Smart Infrastructure - A Smart Approach To Smart Cities In 2016
The global smart city transformation is underway Slowly but surely we are beginning to see a transformation take place in many parts of the world, as governments and councils realise they need to take a holistic approach to future city-wide development. In Australia, for example, we see that Adelaide, Canberra, Newcastle, Lake Macquarie, Sydney, Ipswich and Sunshine Coast have all been identified as being among the leading smart cities. The Netherlands
Smart Kitchen Appliances Market ( Smart Refrigerators, Smart Dishwashers, Smart …
The rising demand for smart kitchen appliances is linked to their premium design that offers better effectiveness and more comfort than their traditional counterparts. With energy efficiency at its core, the global market for smart kitchen appliances is expected to surge at a robust pace in the near future.In a report titled “Smart Kitchen Appliances Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2022,” Transparency