DUBLIN, Feb. 8, 2016 /PRNewswire/ --
Research and Markets (http://www.researchandmarkets.com/research/tllpww/north_america) has announced the addition of the "North America Smart Transformers Market - Growth, Trends and Forecasts (2015-2020)" report to their offering.
North America Smart Transformers Market is projected a CAGR of 11.2% during the forecast period from 2015 to 2020
Smart Transformers are one of the ten most important emerging technologies of the last twelve months. A Smart Transformer is a collection of high-powered semiconductor components, conventional high-frequency transformers and control circuitry with communication ability that is used to provide a high level of flexible control to power distribution networks. Smart transformers both work independently to constantly regulate voltage and maintain contact with the smart grid in order to allow remote administration if needed and to provide information and feedback about the power supply and the transformers themselves.
Through a process known as voltage optimization, a smart transformer provides the exact amount of power that is needed, and responds instantly to fluctuations within the power grid, acting as a voltage regulator to ensure that the optimized voltage is undisturbed. Because they directly reduce energy consumption, smart transformers therefore directly reduce greenhouse gas emissions as well. This makes them an important part of any energy retrofit or lighting retrofit.
While smart transformers immediately reduce power consumption by providing a stable, optimal power supply that supplies electrical equipment with its ideal voltage, they also protect electrical equipment from power fluctuations - thereby helping electrical equipment last longer.
This market is driven by a number of factors, such as the increasing rate of Industrialization, the constantly growing demand for Power, Changing Power Consumption Patterns by households and corporations all over the world.
The major companies dominating this market for its products, services, and continuous product developments are ABB, Alstom, Cooper Power Systems, Crompton Greaves, Eaton, GE, Gridco Systems, Howard Industries, Mitsubishi Electric, Schneider Electric, Siemens AG, Spx Transformer Solutions.
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SOURCE Research and Markets