Dec 15, 2017   SOURCE: BusinessWire

Smart Transformers Market by Component, Type, Application, and Region - Global Forecast to 2022 - Research and Markets

The "Smart Transformers Market by Component, Type, Application, and Region - Global Forecast to 2022" report has been added to Research and Markets' offering.

The global smart transformers market is valued at USD 1.47 billion in 2017, and is expected to grow at a CAGR of 10.54%, from 2017 to 2022.

The global market is set to a witness significant growth due to increasing emphasis on alternative energy production across the globe, digitalization of power utilities, and huge investments in smart grids and energy systems. Although some cost bearing constraints in the installation of smart transformers are being observed, emerging economies are expected to create better opportunities for the smart transformers market. Low acceptance level among end-users is expected to be a major challenge for the smart transformers market.

With regard to the end-use application segment, the smart grid segment is expected to constitute the largest market by 2022. One of the biggest uses of a smart transformer in smart grids is its role in integrating power from distributed generation into the main grid. Smart grids have two-way communication for real-time monitoring and controlling of network characteristics. For this, the basic step is the implementation of smart meters for end-user interactions, followed by employing smart transformers in the network to further strengthen communications and avoid power outages. Although smart grids prevent faults and power outages, they are also equipped with self-realization characteristic that allows the network to restore to normal, once the fault is cleared. Due to its application at various end-user points in the smart grid infrastructure, the segment is expected to dominate the market by 2022.

Companies Mentioned

  • ABB
  • BHEL
  • CG Power
  • Eaton
  • GE
  • Gridco
  • Howard Industries
  • Mitsubishi Electric
  • Schneider Electric
  • Siemens
  • Spx Transformer
  • Wilson Transformer

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

6 Smart Transformers Market, By Type

7 Smart Transformers Market, By Component

8 Smart Transformers Market, By Application

9 Smart Transformers Market, By Region

10 Competitive Landscape

11 Company Profiles

For more information about this report visit https://www.researchandmarkets.com/research/fq4d39/smart