Press release
Smart Transformer 2021 Global Market Key Players - ABB (Switzerland), Schneider Electric (France), Siemens (Germany), Mitsubishi Electric Corporation (Japan), Eaton (Ireland), Alstom (France) - Analysis And Forecast To 2028
Smart Transformer Market 2021-2028
New study report " Smart Transformer Market 2021 Global Market Opportunities, Challenges, Strategies, and Forecasts 2028" has been added to Fortune Business Insights.
Market Overview-
The global smart transformer market size is projected to hit USD 5.39 billion by 2028 and exhibit a CAGR of 12.5% during the forecast period. The increasing trend of digitalization adoption in the power industry and rising investments to strengthen and develop smart grids are anticipated to be the key factors driving the market’s growth. Fortune Business InsightsTM has presented this information in its report titled “Smart Transformer Market, 2021-2028”. The market size stood at USD 2.07 billion in 2020.
The market’s growth is also ascribable to smart grids. Smart grids work more reliably and efficiently by voltage regulation at the end user, using smart transformers in the power grid. This improves the efficiency of the grid and is anticipated to complement the market growth.
Key Players:
The key players have an essential part to play in fostering the product improvement as per the demand of the consumers with ample supply in particular regions. The well-known brands are also acknowledged and aware of the potential links with the global Smart Transformer Market 2021-2028 for showing a prominent place to the key players in the market.
Top Key Players in this market are:
ABB (Switzerland)
Schneider Electric (France)
Siemens (Germany)
Mitsubishi Electric Corporation (Japan)
Eaton (Ireland)
Alstom (France)
GE Power (U.S.)
Powerstar (England)
CG Power and Industrial Solutions Limited (India)
Ormazabal (Spain)
SPX Transformer Solutions Inc. (U.S.)
Triad Magnetics (California)
Request Sample Copy @ https://www.fortunebusinessinsights.com/enquiry/sample/smart-transformers-market-101199
Competitive Landscape-
Key Players Ingenious Strategies to Capture Growth
The global market is fragmented and comprises several key players operating in the highly competitive market space. ABB is currently one of the world’s largest power service companies. The company continues to dominate the global market with its advanced services. Various other key players operating in the market adopt various growth strategies, including product development, joint ventures, mergers, acquisitions, and others, to amplify their market presence. For instance, Eaton Corporation acquired Tripp Lite for USD 1.65 billion in January 2021. Tripp Lite is a leading supplier of connectivity solutions and power quality products for America's medical, industrial, data center communication markets.
Segmentation-
On the basis of type, the market is fragmented into instrument transformers, specialty transformers, distribution transformers, and power transformers. On the basis of application, the market is segmented into electric vehicle infrastructure, traction locomotive, smart grid, and others. Geographically, the market is classified into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
Regional Insights-
Rising Investments in Smart Grid Projects to Fuel Growth in Asia Pacific
Asia Pacific is projected to attain the largest global smart transformer market share. The rising investments in smart grid projects and the growing emphasis of the regional countries to improve grid stability are predicted to be the key factors driving the adoption of smart transformers and the regional market growth.
North America is anticipated to acquire the second rank in the global market due to the increasing investments from utilities to upgrade existing grid infrastructure.
Europe is expected to acquire substantial growth during the forecast period. The rising demand to strengthen smart grids and the increasing digitalization in the power industry are likely to fuel the region’s market growth.
Request for Customization @ https://www.fortunebusinessinsights.com/enquiry/customization/smart-transformers-market-101199
Report Coverage-
The report covers the market’s competitive landscape and profiles key market players accordingly.
The report highlights the challenges and restraints to market growth and suggests strategies to overcome them.
The report showcases the impact of the coronavirus outbreak and its effect on market’s growth.
The report provides information on the key market trends and latest industry developments.
The report also highlights various market segments, including type, application, and region.
Table of Content:
Introduction
Executive Summary
Market Dynamics
Key Insights
Qualitative Analysis – Impact of COVID-19
Global Smart Transformer Market Analysis (USD Billion), Insights and Forecast, 2017-2028
North America Smart Transformer Market Analysis (USD Billion), Insights and Forecast, 2017-2028
Europe Smart Transformer Market Analysis (USD Billion), Insights and Forecast, 2017-2028
Asia Pacific Smart Transformer Market Analysis (USD Billion), Insights and Forecast, 2017-2028
Latin America Smart Transformer Market Analysis (USD Billion), Insights and Forecast, 2017-2028
Middle East & Africa Smart Transformer Market Analysis (USD Billion), Insights and Forecast, 2017-2028
Competitive Analysis
Continue….
Inquire Before Buying @ https://www.fortunebusinessinsights.com/enquiry/queries/smart-transformers-market-101199
About Us:
Fortune Business Insights offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in. Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data.
Contact Us:
US :+1 424 253 0390
UK : +44 2071 939123
APAC : +91 744 740 1245
Email: sales@fortunebusinessinsights.com
You can also contact us/follow us on:
https://www.facebook.com/FortuneBusinessInsightsPvtLtd
https://twitter.com/FBInsightPvtLtd?s=20
https://www.linkedin.com/company/fortune-business-insights/
Fortune Business Insights™ Pvt. Ltd.
308, Supreme Headquarters,
Survey No. 36, Baner,
Pune-Bangalore Highway,
Pune - 411045, Maharashtra, India.
About Us:
Fortune Business Insights offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in. Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data.
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 Transformer 2021 Global Market Key Players - ABB (Switzerland), Schneider Electric (France), Siemens (Germany), Mitsubishi Electric Corporation (Japan), Eaton (Ireland), Alstom (France) - Analysis And Forecast To 2028 here
News-ID: 2482243 • Views: …
More Releases from Fortune Business Insights
Reverse Flame Steam Boiler Market 2023 Dynamics, Major Players, SWOT Analysis, a …
Overview of the Global Reverse Flame Steam Boiler Market 2030:
The report discusses everything a marketer requires before investing in the global Reverse Flame Steam Boiler Market during the forecast period 2023-2030. Reverse Flame Steam Boiler Market Size, Share And Global Trend By Capacity (Up to 100kW, 100-1000 kW, Above 1000 kW), By End-Use (Food Industry, Chemical Industry, Refineries, Metal Industry, Power Plant), And Geography Forecast Till 2022-2029. It provides detailed…
Syngas and Derivatives Market Research Analysis, Size, Share, Growth Highlights …
Overview of the Global Syngas and Derivatives Market 2030:
The report discusses everything a marketer requires before investing in the global Syngas and Derivatives Market during the forecast period 2023-2030. Syngas and Derivatives Market Size, Share and Global Trend By Feedstock(Coal, Petroleum, Natural Gas, Biomass), By Technology(Partial Oxidation, Steam Reforming, Auto-Thermal Reforming, and others), By End User(Chemicals, Power Generation, Liquid Fuels, Gaseous Fuels), and Geography Forecast till 2022-2029. It provides detailed…
Port equipment Market Will Experience An Upswing In Demand, Driven By Top Player …
The Port equipment Market Research Report provides an in-depth analysis of the market landscape and identifies future growth opportunities and trends until 2030. By offering valuable insights, the report enables companies to make informed decisions on business strategies and identify potential areas for growth. With a comprehensive assessment of the market, it equips businesses with the necessary tools to stay ahead of the competition.
With this Port equipment Market research report,…
Modular Chillers Market to reach USD 6.13 billion by 2026, at a CARG of 6.2% | L …
The Modular Chillers Market Report 2023 by Fortune Business Insights provides a comprehensive overview of the market's latest trends, size, regulations, key players, and strategies. The report offers valuable insights into the market's sales and revenue, product type, applications, regions, and leading players. Modular Chillers Market report also covers key players and competitor analysis, providing a comprehensive understanding of the industry's commercial landscape. The report is useful for gaining insights…
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…
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…
Survey Report on Smart Kitchen Appliances Market 2018: Smart Refrigerator, Smart …
The report analyzes and presents an overview on "Global Smart Kitchen Appliances Market Professional Survey Report 2018" worldwide.
This report studies Smart Kitchen Appliances in Global market, especially in North America, China, Europe, Southeast Asia, Japan and India, with production, revenue, consumption, import and export in these regions, from 2013 to 2018, and forecast to 2025.
The study objectives of this report are: To study and forecast the market size of Smart…
IoT Device Management Market Analysis by Application - Smart Manufacturing, Smar …
IoT device management comprises of multiple operating systems and several varieties of communication methods and protocols targeted at conducting smooth functioning of smart devices. The service of IoT device management has become vital for the business sector in recent years due to the rising use of remote operation in a number of industries and the subsequent need to manage the operation of the devices.
The global IoT device management market is…
SMART SHIPS NEED SMART REGISTRIES
The shipping world needs to wake up and embrace the philosophy of smart shipping because it is already here and the downturn in the world economy is not going to last forever, according to Panos Kirnidis, CEO of the Palau International Ship Registry.
“The maritime industry knows that smart ships and smart technology is the way forward and yet there seems to be reluctance on the part of some owners to…
Smart Kitchen Appliances Market : Smart Refrigerators, Smart Dishwashers, Smart …
Albany, New York, July 20, 2017 : Recent research and the current scenario as well as future market potential of "Smart Kitchen Appliances Market (Products - Smart Refrigerators, Smart Dishwashers, Smart Ovens, Smart Cookware and Cooktops, Smart Scales and Thermometers and Others) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2022" globally.
Smart kitchen appliances are premium appliances that are designed for comfortable and efficient operation as…
