Smart Transformer Market Size, Industry Share and Growth Rate 2026
The rising awareness about green energy sources across the world is transforming the energy and power industry. The trend of green energy is emerging on account of increasing environmental pollution from traditional energy resources. Governments are playing a significant role in conducting awareness programs about clean energy. Fortune Business Insights in a report, titled “Smart Transformers Market Size, Industry Share and Growth Rate 2019-2026” published the above information.
Fortune Business Insights provides a detailed evaluation of the global market by analyzing factors driving the market. Besides this, it also discusses some of the economic trends prevailing in the energy and power industry. These trends are analyzed in the report to see an overall impact on the global market.
Highlights of the Report
The report on the smart transformer market offers a comprehensive overview of the market and its prime growth trajectories. These include growth drivers, restraints, challenges, and opportunities. Apart from this, the report also throws light on recent developments, current smart transformer market trends, and other interesting insights related to the market. The report also provides detailed segmentation of the market based on type, application, and regions and the competitive landscape. It also lists the names of key players operating in the market and discusses the major strategies adopted by them to maintain a strong foothold in the market.
Top Players Mentioned:
ABB Siemens AG Schneider Electric SE Eaton Corporation Plc General Electric Company Mitsubishi Electric Corporation Bharat Heavy Electricals Limited Crompton Greaves Ltd. Howard Industries. SPX Transformer Solutions Inc. Alstom Ormazabal Electric Hammond Power Solutions Dongan Electric Manufacturing Co Kotsons Pvt. Ltd. Market Segmentation:
By Component By Type By Application By Geography The information used is derived from various primary and secondary sources. It also throws light on some of the major players operating in the market. The report studies profiles of these leading companies and their share in the market. It provides insights on some of the strategies adopted by these companies to survive the competition and maintain their stronghold.
North America (The USA and Canada) Europe (UK, Germany, France, Italy, Spain, Russia and Rest of Europe) Asia Pacific (China, India, Australia, Southeast Asia and Rest of Asia Pacific) Latin America (Brazil, Mexico and Rest of Latin America) Middle East Africa (South Africa, GCC and Rest of the Middle East Africa) Significant Industry Developments of Smart Transformers Market Include:
April 2018 – Hyundai Power Transformers USA, Inc. invested USD 33 million in Alabama, the US, to increase its production capacity of power transformers by more than 60%. The company strongly believes this investment will help to strengthen the position of the company in the coming years.
November 2018 – The world’s first dry-type (oil-free) transformer with the coil and the core can be cooled by air was launched by ABB. Non-flammable solid insulation material and air can be utilized for offshore applications.