SMART TRANSFORMERS MARKET Global Industry Share, Size & Analysis 2017-2025
Global Smart Transformers Market Global Smart Transformer Market is anticipated to grow at a CAGR of about 19.81% during the forecast years of 2017-2025.
Rise in industrial growth
Aging infrastructure leading to investment in smart grids
Higher consumptions pattern in high growth regions
Rising production of electricity
Compliance with regulatory standards
Green energy demand on the rise
Smart Transformers Market
2016
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2017
2018
2019
2020
2021
2022
2023
2024
2025
Market Insights Market by Component The global smart transformers market is segmented by type, by component, and by application.
• Converter • Switch • Other Components
Market by Type is further segmented into: Market by Application • • • •
Distribution transformer Instrument transformer Power transformer Specialty transformer
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Electric vehicle charging station
Power (distribution) grid
Traction locomotives
Alternative power generation
Regional Insights
North America
Asia-pacific
Europe
` The rising production of electricity, The major drivers facilitating the expansion of compliance with regulatory standards and the market include a rise in the industrial growth, the increasing demand for green energy are aging infrastructure leading to investment in majorly responsible for driving the market. smart grids, rising production of electricity and a growing demand for green energy.
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Increasing urbanization and the subsequent increase in electricity demand are majorly responsible for driving the Asian market.
Global Smart Transformer Market Forecast 2017-2025 Request Free Sample! Click Here Global smart transformer market is anticipated to grow at a CAGR of about 19.81% during the forecast years of 2017-2025. Inkwood Research
Global Smart Transformer Market Growing at a
CAGR 19.81
%
During the Forecast Period of
2017-2025
North America Smart Transformer Market Forecast 2017-2025
North America Smart Transformer Market Growing at a
CAGR 19.14% Request Free Sample!
North America smart transformers market was valued at $226 million in 2016 and is expected to reach$1088 million by 2025 growing at an anticipated CAGR of 19.14% during the forecast period 2017-2025. Inkwood Research
During the Forecast Period of
2017-2025
Europe Smart Transformer Market Forecast 2017-2025 Request Free Sample!
Europe Smart transformers market was valued at $220 million in 2016 and expected to reach $1054 million by 2025 growing at a CAGR of 19.06% during the forecast period of 2017-2025. Inkwood Research
Europe Smart Transformer Market Growing at a
CAGR 19.06% During the Forecast Period of
2017-2025
Asia Pacific Smart Transformer Market Forecast 2017-2025 Request Free Sample!
Asia Pacific smart transformers market was valued at $498 million in 2016 and is expected to reach $2659 million by 2025 growing at a CAGR of 20.53% during the forecast period of 2017-2025. Inkwood Research
Asia Pacific Smart Transformer Market Growing at a
CAGR 20.53% During the Forecast Period of
2017-2025
Competitive Insights The global smart transformer market is a fragmented market that houses both; domestic vendors and global players such as
• • • • •
General Electric ABB Ltd Mitsubishi Electric Corporation Schneider Electric Sa Siemens Ag
All these companies are actively contributing for generating the revenue of the global smart transformers market by trying to adopt new technologies, thus increasing their global presence.
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