DUBLIN, June 30, 2015 /PRNewswire/ --
Research and Markets (http://www.researchandmarkets.com/research/vh42f8/smart) has announced the addition of the "Smart Transformers Market by Type, Application & by Region - Global Trends & Forecast to 2020" report to their offering.
The global distribution smart transformer market is projected to grow from $903.7 Million in 2015 to $2,185.8 Million in 2020, at a CAGR of 19.3%.
Asia-Pacific was the single-largest market for smart transformers in 2014, holding a 34% share, and is set to continue its dominance till 2020. Asia-Pacific is also projected to emerge as the fastest growing market during the forecast period, at a CAGR of 20% from 2015 to 2020, followed by North America at 19.4%, while Europe is expected to grow at 18.8% during the same period.
Major implementation of smart grids happens at the distribution level, with increased consumer communication at the load center. Smart grids with smart transformers have heavy demand in regions with high industrialization urbanization rate such as Asia-Pacific and in the regions with aging power infrastructure such as North America and Europe. Power smart transformers, on the other hand, are used in the transmission networks and integration of the distributed renewable power generators. Monitoring and controlling of the power flow in real-time is achieved through the smart transformers. This aids the development of smart transmission & distribution networks.
The smart transformer market is primarily driven by increasing power demand, expanding power transmission & distribution networks, and the need to improve efficiency of grids along with reduction in wastage of electricity. Smart transformers are an integral part of the smart grid, offering regulated power supply with constant monitoring and feedback for outage prevention.
This report provides an analysis of key companies and competitive analysis of developments recorded in the industry in the past three years. Market drivers, restraints, opportunities, burning issues, and latest industry trends of the market have been discussed in detail. The leading players in the market such as Siemens AG (Germany), ABB Ltd. (Switzerland), General Electric (U.S.), Eaton Corporation (U.S.), Alstom (France), Schneider Electric (France), and Crompton Greaves (India) among others have been profiled in this report.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 Smart Transformer Market, By Type
8 Smart Transformer Market, By Application
9 Smart Transformer Market, By Region
10 Competitive Landscape
11 Company Profiles
- ABB Ltd.
- Alstom S.A.
- Bharat Heavy Electricals Limited
- Crompton Greaves Limited
- Eaton Corporation Plc.
- General Electric Company
- Gridco Systems
- Howard Industries, Inc.
- Mitsubishi Electric Corporation
- Schneider Electric SE
- Siemens AG
- Spx Transformer Solutions, Inc
For more information visit http://www.researchandmarkets.com/research/vh42f8/smart
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SOURCE Research and Markets