Smart transformers, also known as solid-state transformers, control the electric distribution grid.
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Smart Transformer Market to grow at a CAGR of 15.25% during the period 2017-2021.
They provide optimized voltage by maintaining the contact with the smart grid to provide feedback about the transformer and power supply through remote administration. Large commercial facilities are increasingly using these transformers, as they cater to the energy needs of the facility efficiently and economically.
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In addition, smart transformers act as voltage regulators by instantly responding to the fluctuations. This helps in reducing the consumption of energy without disturbing the optimized voltage and provides optimal power supply to the electrical equipment.
Thus, these transformers are increasingly preferred in Point of Common Coupling (PCC) in grids, which helps in protecting the electrical equipment during power fluctuations. Many vendors such as Miracle Electronics offer smart transformers.
Smart Transformer Market is divided into the following segments based on geography are Americas, APAC and EMEA.
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Smart Transformer Market report covers the present scenario and the growth prospects of the global market for 2017-2021. To calculate the market size, the report considers the new installations/shipments/sales/volume/value and exclude retrofit/replacement/spares/aftermarket/services market.
Smart Transformer Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years.
Smart Transformer Market Report also includes a discussion of the key vendors operating in this market.
Key vendors are ABB, GE and Siemens.
Other prominent vendors are BHEL, CG, Eaton, GRIDBRIDGE, GRIDCO SYSTEMS and more.
Market driver are Renewable power generation capacity expansion.
Market challenge are High investment needed from a financially weak distribution sector for upgrading networks.
Market trend are Evolution of smart grids.
Table of Contents
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Research methodology
PART 04: Introduction
PART 05: Market landscape
Market size and forecast
Global power outlook
Five forces analysis
PART 06: Market segmentation by type
Global smart distribution transformers
Global smart power transformers
PART 07: Regional landscape
Smart transformer market in APAC - Market size & forecast
Smart transformer market in EMEA - Market size & forecast
Smart transformer market in Americas - Market size & forecast
Key leading countries
PART 08: Decision framework
PART 09: Drivers and challenges
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