Global Smart Transformers Market: Industry Analysis and Forecast (2020-2026) – by Type, Application and Region.

Global Smart Transformers Market size is expected to reach US$ 3510 Mn by 2026, growing at a CAGR of 10.12% during the forecast period. The smart transformers are used to provide additional flexibility to control power distribution networks, thereby, facilitating the smooth conversion of AC to DC and DC to AC, as per requirement. Smart transformer caters to a wide variety of applications, ranging from alternative power generation to traction locomotives, power grid and electric industries, and others. Smart Transformer (ST), alternately known as ‘Solid State Transformer,’ is an amalgamation of high-powered semiconductor components, control circuitry, and conventional high-frequency transformers. Smart Transformers are a modern alternative approach thanks to advancements in semiconductor technology (ST). For adjusting the voltage ratio, the ST uses semiconductor technology. The ST has a high power density and can operate at a high frequency, resulting in a smaller size and lower cost. This has opened up new opportunities for researchers all over the world to propose new topologies, new materials, and experimentation in various environments and application areas.

Global Smart Transformers Market Dynamics:

Increasing Investment in Strengthening Smart Grid to Drive Smart Transformers Market Non-conventional energy sources like wind and solar, as well as new loads like electric vehicles, pose a challenge to load dispatching and grid management thus, it difficult for the power infrastructure to meet the load demand as new load creates problems such as power quality issues, transformer overload, and phase imbalance. Smart transformers have many benefits over other traditional transformers, for instance, they are designed to handle higher power than the nominal power. Their short-term overload potential is based on short-term overload, and high temperatures (Hot spot) is permitted for a few hours per day. It is important to make the power system more responsive to demand so that it not only meets current needs but also saves energy while improving power quality. The smart transformer is a solution for handling low and medium voltage grids at the same time while still delivering ancillary services to the distribution system, in accordance with many scenarios. The market for smart transformers is showing a Northward trend also it has tremendous potential growth. The market's growth is attributed to the global up-gradation of aging power delivery networks. Furthermore, as part of development initiatives, governments in developing countries are making significant investments to extend the scope of electrification through various villages and towns. However, unlike conventional transformers, the smart transformer has a very limited overload capacity due to the short time constant of the junction temperature, which must always be below its maximum limit. The report has profiled twenty-five key players in the market from different regions. However, the report has considered all market leaders, followers, and new entrants with investors while analyzing the market and estimation the size of the same. The manufacturing environment in each region is different and focus is given on the regional impact on the cost of manufacturing, supply chain, availability of raw materials, labor cost, availability of advanced technology, trusted vendors are analysis and report has come up with recommendations for a future hot spot in North America. Major country’s policies about manufacturing and their impact on Smart Transformers demand are covered in the report.

Global Smart Transformers Market Segment Analysis

Smart Transformers market To know about the Research Methodology :- Request Free Sample Report The distribution segment is expected grow at a CAGR of xx% during the forecast period. Based on the type, in 2019, the distribution segment holds the largest market share of xx% in 2019 and it is estimated to reach USD$ XX Mn by 2026. . Since distribution transformers deal primarily with load fluctuation and voltage fluctuations, they are less efficient than power transformers. As a result, monitoring and transmitting variations in load becomes increasingly important in order to achieve higher reliability. As a result, the smart transformer is installed in the distribution sector, which improves contact and diagnosis in fault situations, resulting in increased operational efficiency, reliability, and grid stability. As a result, during the forecast period, the distribution segment is expected to gain traction.

Global Smart Transformers Market Regional Insights:

Global Smart Transformers Market Regional Insights Asia Pacific to witness a high market growth rate and is expected to grow at a CAGR of xx% by 2026 The Asia Pacific market for Smart Transformers is expected to rise at a faster pace than the rest of the world by 2026, owing to increased energy demand, rising construction, activity, and disposable income. Asia Pacific countries are concentrating their efforts on smart grid projects and enhancing grid stability. As a result, the use of smart transformers in smart grids improves grid reliability, stability, and power quality. According to the World Energy Scenario 2019 survey, China is planning to invest USD 500 billion in smart grids and renewable energy projects. As a result, the demand for these transformers is increasing thanks to smart grid investments and government initiatives. During the forecast period, North America is likely to hold the second-largest share of this market. Thanks to the significant increases in utility expenditures to upgrade existing grid networks, the United States accounted for the largest share in North America. According to the EIA study 2018, investment in transmission infrastructure in the United States reached a high of USD 35 billion in 2016. As a result, as investments and demand for smart grids increased the demand for smart transformers is also increased. The objective of the report is to present a comprehensive analysis of the global Smart Transformers market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding the global Smart Transformers market dynamics, structure by analyzing the market segments and project the global Smart Transformers market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the global Smart Transformers market make the report investor’s guide.

Recent Developments:

• April 2018 - Siemens introduced a digital transformer under the portfolio of Sensformer, which is equipped with digital intelligence and sensors for transmitting the flow of information enhancing flexibility and optimized operation of the grid. • November 2018 –ABB had launched the world’s rst dry-type (oil-free) digital transformer where the core and the coil are cooled by air and non-flammable solid insulation material which makes it more favorable for offshore applications. Covid-19 Impact: COVID-19 Impact on the Global Smart Transformers Market The entire power industry is negatively hit by the COVID-19 outbreak. According to IEA, the major declining factors are supply chain disruptions, delays in construction project activity. Imposed of strict lockdown by many countries and preventive measures such as social distancing which has a probe to financial difficulties and lack of workers availability slow down the market growth.

Global Smart Transformers Market Scope: Inquire before buying

Global Smart Transformers Market

Global Smart Transformers Market, by Region

• North America • Europe • Middle East & Africa • Asia Pacific • South America

Global Smart Transformers Market Key Players

• ABB • GE • Siemens • Schneider Electric • Eaton • Wilson Transformer • Mitsubishi Electric • BHEL • CG Power • Gridco • Howard Industries • SPX Transformer • General Electric Company • Bharat Heavy Electricals Limited • Crompton Greaves Ltd. • Alstom • Ormazabal • Other key players
1. Preface 1.1. Market Definition and Key Research Objectives 1.2. Research Highlights 2. Assumptions and Research Methodology 2.1. Report Assumptions 2.2. Abbreviations 2.3. Research Methodology 2.3.1. Secondary Research 2.3.1.1. Secondary data 2.3.1.2. Secondary Sources 2.3.2. Primary Research 2.3.2.1. Data from Primary Sources 2.3.2.2. Breakdown of Primary Sources 3. Executive Summary: Global Smart Transformers Market Size, by Market Value (US$ Mn) 3.1. Global Market Segmentation 3.2. Global Market Segmentation Share Analysis, 2019 3.2.1. Global 3.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 3.3. Geographical Snapshot of the Smart Transformers Market 3.4. Geographical Snapshot of the Smart Transformers Market, By Manufacturer share 4. Global Smart Transformers Market Overview, 2019-2026 4.1. Market Dynamics 4.1.1. Drivers 4.1.1.1. Global 4.1.1.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.2. Restraints 4.1.2.1. Global 4.1.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.3. Opportunities 4.1.3.1. Global 4.1.3.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.4. Challenges 4.1.4.1. Global 4.1.4.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.5. Industry Trends and Emerging Technologies 4.1.6. Porters Five Forces Analysis 4.1.6.1. Threat of New Entrants 4.1.6.2. Bargaining Power of Buyers/Consumers 4.1.6.3. Bargaining Power of Suppliers 4.1.6.4. Threat of Substitute Products 4.1.6.5. Intensity of Competitive Rivalry 4.1.7. Value Chain Analysis 4.1.8. Technological Roadmap 4.1.9. Regulatory landscape 4.1.10. Impact of the Covid-19 Pandemic on the Global Smart Transformers Market 5. Supply Side and Demand Side Indicators 6. Global Smart Transformers Market Analysis and Forecast, 2019-2026 6.1. Global Smart Transformers Market Size & Y-o-Y Growth Analysis. 7. Global Smart Transformers Market Analysis and Forecasts, 2019-2026 7.1. Market Size (Value) Estimates & Forecast By Application, 2019-2026 7.1.1. Smart Grid 7.1.2. Traction Locomotive 7.1.3. Electric Vehicle Infrastructure 7.1.4. Other 7.2. Market Size (Value) Estimates & Forecast By Type, 2019-2026 7.2.1. Power 7.2.2. Distribution 7.2.3. Specialty 7.2.4. Instrument 8. Global Smart Transformers Market Analysis and Forecasts, By Region 8.1. Market Size (Value) Estimates & Forecast By Region, 2019-2026 8.1.1. North America 8.1.2. Europe 8.1.3. Asia-Pacific 8.1.4. Middle East & Africa 8.1.5. South America 9. North America Smart Transformers Market Analysis and Forecasts, 2019-2026 9.1. Market Size (Value) Estimates & Forecast By Application, 2019-2026 9.1.1. Smart Grid 9.1.2. Traction Locomotive 9.1.3. Electric Vehicle Infrastructure 9.1.4. Other 9.2. Market Size (Value) Estimates & Forecast By Type, 2019-2026 9.2.1. Power 9.2.2. Distribution 9.2.3. Specialty 9.2.4. Instrument 10. North America Smart Transformers Market Analysis and Forecasts, By Country 10.1. Market Size (Value) Estimates & Forecast By Country, 2019-2026 10.1.1. US 10.1.2. Canada 10.1.3. Mexico 11. U.S. Smart Transformers Market Analysis and Forecasts, 2019-2026 11.1. Market Size (Value) Estimates & Forecast By Application, 2019-2026 11.2. Market Size (Value) Estimates & Forecast By Type, 2019-2026 12. Canada Smart Transformers Market Analysis and Forecasts, 2019-2026 12.1. Market Size (Value) Estimates & Forecast By Application, 2019-2026 12.2. Market Size (Value) Estimates & Forecast By Type, 2019-2026 13. Mexico Smart Transformers Market Analysis and Forecasts, 2019-2026 13.1. Market Size (Value) Estimates & Forecast By Application, 2019-2026 13.2. Market Size (Value) Estimates & Forecast By Type, 2019-2026 14. Europe Smart Transformers Market Analysis and Forecasts, 2019-2026 14.1. Market Size (Value) Estimates & Forecast By Application, 2019-2026 14.2. Market Size (Value) Estimates & Forecast By Type, 2019-2026 15. Europe Smart Transformers Market Analysis and Forecasts, By Country 15.1. Market Size (Value) Estimates & Forecast By Country, 2019-2026 15.1.1. U.K 15.1.2. France 15.1.3. Germany 15.1.4. Italy 15.1.5. Spain 15.1.6. Sweden 15.1.7. CIS Countries 15.1.8. Rest of Europe 16. U.K. Smart Transformers Market Analysis and Forecasts, 2019-2026 16.1. Market Size (Value) Estimates & Forecast By Application, 2019-2026 16.2. Market Size (Value) Estimates & Forecast By Type, 2019-2026 17. France Smart Transformers Market Analysis and Forecasts, 2019-2026 17.1. Market Size (Value) Estimates & Forecast By Application, 2019-2026 17.2. Market Size (Value) Estimates & Forecast By Type, 2019-2026 18. Germany Smart Transformers Market Analysis and Forecasts, 2019-2026 18.1. Market Size (Value) Estimates & Forecast By Application, 2019-2026 18.2. Market Size (Value) Estimates & Forecast By Type, 2019-2026 19. Italy Smart Transformers Market Analysis and Forecasts, 2019-2026 19.1. Market Size (Value) Estimates & Forecast By Application, 2019-2026 19.2. Market Size (Value) Estimates & Forecast By Type, 2019-2026 20. Spain Smart Transformers Market Analysis and Forecasts, 2019-2026 20.1. Market Size (Value) Estimates & Forecast By Application, 2019-2026 20.2. Market Size (Value) Estimates & Forecast By Type, 2019-2026 21. Sweden Smart Transformers Market Analysis and Forecasts, 2019-2026 21.1. Market Size (Value) Estimates & Forecast By Application, 2019-2026 21.2. Market Size (Value) Estimates & Forecast By Type, 2019-2026 22. CIS Countries Smart Transformers Market Analysis and Forecasts, 2019-2026 22.1. Market Size (Value) Estimates & Forecast By Application, 2019-2026 22.2. Market Size (Value) Estimates & Forecast By Type, 2019-2026 23. Rest of Europe Smart Transformers Market Analysis and Forecasts, 2019-2026 23.1. Market Size (Value) Estimates & Forecast By Application, 2019-2026 23.2. Market Size (Value) Estimates & Forecast By Type, 2019-2026 24. Asia Pacific Smart Transformers Market Analysis and Forecasts, 2019-2026 24.1. Market Size (Value) Estimates & Forecast By Application, 2019-2026 24.2. Market Size (Value) Estimates & Forecast By Type, 2019-2026 25. Asia Pacific Smart Transformers Market Analysis and Forecasts, by Country 25.1. Market Size (Value) Estimates & Forecast By Country, 2019-2026 25.1.1. China 25.1.2. India 25.1.3. Japan 25.1.4. South Korea 25.1.5. Australia 25.1.6. ASEAN 25.1.7. Rest of Asia Pacific 26. China Smart Transformers Market Analysis and Forecasts, 2019-2026 26.1. Market Size (Value) Estimates & Forecast By Application, 2019-2026 26.2. Market Size (Value) Estimates & Forecast By Type, 2019-2026 27. India Smart Transformers Market Analysis and Forecasts, 2019-2026 27.1. Market Size (Value) Estimates & Forecast By Application, 2019-2026 27.2. Market Size (Value) Estimates & Forecast By Type, 2019-2026 28. Japan Smart Transformers Market Analysis and Forecasts, 2019-2026 28.1. Market Size (Value) Estimates & Forecast By Application, 2019-2026 28.2. Market Size (Value) Estimates & Forecast By Type, 2019-2026 29. South Korea Smart Transformers Market Analysis and Forecasts, 2019-2026 29.1. Market Size (Value) Estimates & Forecast By Application, 2019-2026 29.2. Market Size (Value) Estimates & Forecast By Type, 2019-2026 30. Australia Smart Transformers Market Analysis and Forecasts, 2019-2026 30.1. Market Size (Value) Estimates & Forecast By Application, 2019-2026 30.2. Market Size (Value) Estimates & Forecast By Type, 2019-2026 31. ASEAN Smart Transformers Market Analysis and Forecasts, 2019-2026 31.1. Market Size (Value) Estimates & Forecast By Application, 2019-2026 31.2. Market Size (Value) Estimates & Forecast By Type, 2019-2026 32. Rest of Asia Pacific Smart Transformers Market Analysis and Forecasts, 2019-2026 32.1. Market Size (Value) Estimates & Forecast By Application, 2019-2026 32.2. Market Size (Value) Estimates & Forecast By Type, 2019-2026 33. Middle East Africa Smart Transformers Market Analysis and Forecasts, 2019-2026 33.1. Market Size (Value) Estimates & Forecast By Application, 2019-2026 33.2. Market Size (Value) Estimates & Forecast By Type, 2019-2026 34. Middle East Africa Smart Transformers Market Analysis and Forecasts, by Country 34.1. Market Size (Value) Estimates & Forecast by Country, 2019-2026 34.1.1. South Africa 34.1.2. GCC Countries 34.1.3. Egypt 34.1.4. Nigeria 34.1.5. Rest of ME&A 35. South Africa Smart Transformers Market Analysis and Forecasts, 2019-2026 35.1. Market Size (Value) Estimates & Forecast By Application, 2019-2026 35.2. Market Size (Value) Estimates & Forecast By Type, 2019-2026 36. GCC Countries Smart Transformers Market Analysis and Forecasts, 2019-2026 36.1. Market Size (Value) Estimates & Forecast By Application, 2019-2026 36.2. Market Size (Value) Estimates & Forecast By Type, 2019-2026 37. Egypt Smart Transformers Market Analysis and Forecasts, 2019-2026 37.1. Market Size (Value) Estimates & Forecast By Application, 2019-2026 37.2. Market Size (Value) Estimates & Forecast By Type, 2019-2026 38. Nigeria Smart Transformers Market Analysis and Forecasts, 2019-2026 38.1. Market Size (Value) Estimates & Forecast By Application, 2019-2026 38.2. Market Size (Value) Estimates & Forecast By Type, 2019-2026 39. Rest of ME&A Smart Transformers Market Analysis and Forecasts, 2019-2026 39.1. Market Size (Value) Estimates & Forecast By Application, 2019-2026 39.2. Market Size (Value) Estimates & Forecast By Type, 2019-2026 40. South America Smart Transformers Market Analysis and Forecasts, 2019-2026 40.1. Market Size (Value) Estimates & Forecast By Application, 2019-2026 40.2. Market Size (Value) Estimates & Forecast By Type, 2019-2026 41. South America Smart Transformers Market Analysis and Forecasts, by Country 41.1. Market Size (Value) Estimates & Forecast by Country, 2019-2026 41.1.1. Brazil 41.1.2. Argentina 41.1.3. Rest of South America 42. Brazil Smart Transformers Market Analysis and Forecasts, 2019-2026 42.1. Market Size (Value) Estimates & Forecast By Application, 2019-2026 42.2. Market Size (Value) Estimates & Forecast By Type, 2019-2026 43. Argentina Smart Transformers Market Analysis and Forecasts, 2019-2026 43.1. Market Size (Value) Estimates & Forecast By Application, 2019-2026 43.2. Market Size (Value) Estimates & Forecast By Type, 2019-2026 44. Rest of South America Smart Transformers Market Analysis and Forecasts, 2019-2026 44.1. Market Size (Value) Estimates & Forecast By Application, 2019-2026 44.2. Market Size (Value) Estimates & Forecast By Type, 2019-2026 45. Competitive Landscape 45.1. Geographic Footprint of Major Players in the Global Smart Transformers Market 45.2. Competition Matrix 45.2.1. Competitive Benchmarking of Key Players By Price, Presence, Market Share, Applications and R&D Investment 45.2.2. New Product Launches and Product Enhancements 45.2.3. Market Consolidation 45.2.3.1. M&A by Regions, Investment and Verticals 45.2.3.2. M&A, Forward Integration and Backward Integration 45.2.3.3. Partnership, Joint Ventures and Strategic Alliances/ Sales Agreements 45.3. Company Profile : Key Players 45.3.1. ABB 45.3.1.1. Company Overview 45.3.1.2. Financial Overview 45.3.1.3. Geographic Footprint 45.3.1.4. Product Portfolio 45.3.1.5. Business Strategy 45.3.1.6. Recent Developments 45.3.2. GE 45.3.3. Siemens 45.3.4. Schneider Electric 45.3.5. Eaton 45.3.6. Wilson Transformer 45.3.7. Mitsubishi Electric 45.3.8. BHEL 45.3.9. CG Power 45.3.10. Gridco 45.3.11. Howard Industries 45.3.12. SPX Transformer 45.3.13. General Electric Company 45.3.14. Bharat Heavy Electricals Limited 45.3.15. Crompton Greaves Ltd. 45.3.16. Alstom 45.3.17. Ormazabal 45.3.18. Other key players 46. Primary Key Insights

About This Report

Report ID 1235
Category Energy & Power
Published Date July 2019
Updated Date April 2021
Contact Us