Smart Transformers Market- Global Industry, Trends, Size, Share & Analysis 2017-2025

SMART TRANSFORMERS MARKET GLOBAL INDUSTRY TRENDS, SIZE, SHARE & 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

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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

• • • •



Electric vehicle charging station



Power (distribution) grid

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Traction locomotives



Alternative power generation

Distribution transformer Instrument transformer Power transformer Specialty transformer

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Regional Insights

North America

Asia-pacific

Europe

` The rising production of electricity, compliance with regulatory standards and the increasing demand for green energy are majorly responsible for driving the market.

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The major drivers facilitating the expansion of the market include a rise in the industrial growth, aging infrastructure leading to investment in smart grids, rising production of electricity and a growing demand for green energy.

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 Now! Click Link Here!

Global smart transformer market is anticipated to grow at a CAGR of about 19.81% during the forecast years of 2017-2025.

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Global Smart Transfor mer Market Growing at a

CAGR 19.81% 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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