Smart transformers, also known as solid-state transformers, control the electric distribution grid. 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. 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.
Technavio’s analysts forecast the global smart transformer market to grow at a CAGR of 15.25% during the period 2017-2021.
Covered in this report The report covers the present scenario and the growth prospects of the global smart transformer 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.
The market is divided into the following segments based on geography: • Americas • APAC • EMEA
Technavio's report, Global 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. The report also includes a discussion of the key vendors operating in this market.
Key vendors • ABB • GE • Siemens Other prominent vendors • BHEL • CG • Eaton • GRIDBRIDGE • GRIDCO SYSTEMS • Howard Industries • Miracle Electronics Devices • Mitsubishi Electric • Schneider Electric • SPX TRANSFORMER SOLUTIONS • Varentec Market driver • Renewable power generation capacity expansion • For a full, detailed list, view our report
Market challenge • High investment needed from a financially weak distribution sector for upgrading networks • For a full, detailed list, view our report
Market trend • Evolution of smart grids • For a full, detailed list, view our report
Key questions answered in this report • What will the market size be in 2021 and what will the growth rate be? • What are the key market trends? • What is driving this market? • What are the challenges to market growth? • Who are the key vendors in this market space?
You can request one free hour of our analyst’s time when you purchase this market report. Details are provided within the report. Companies MentionedABB, GE, Siemens, BHEL, CG, Eaton, GRIDBRIDGE, GRIDCO SYSTEMS, Howard Industries, Miracle Electronics Devices, Mitsubishi Electric, Schneider Electric, SPX TRANSFORMER SOLUTIONS, and Varentec.
Table of Contents PART 01: Executive summary PART 02: Scope of the report PART 03: Research methodology PART 04: Introduction • Market outline PART 05: Market landscape • Market overview • 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 • Geographical segmentation • Regional comparison • 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 • Market opportunity PART 08: Decision framework PART 09: Drivers and challenges • Market drivers • Market challenges PART 10: Market trends • Evolution of smart grids • Reduction in subsidies PART 11: Vendor landscape • Competitive scenario • Other prominent vendors PART 12: Key vendor analysis • ABB • GE • Siemens PART 13: Appendix • List of abbreviations List of Exhibits Exhibit 01: Global smart transformer market Exhibit 02: Global smart transformer market 2016-2021 ($ millions) Exhibit 03: Global power outlook: Power demand 2000-2025 (billion KWh) Exhibit 04: Global power outlook: Electricity consumption from various sources 2015-2040 (TWh) Exhibit 05: Five forces analysis Exhibit 06: Global smart transformer market by type 2016 (%) Exhibit 07: Global smart transformer market by type 2021 (%) Exhibit 08: Global smart distribution transformer market 2016-2021 ($ millions) Exhibit 09: Global smart power transformer market 2016-2021 ($ millions) Exhibit 10: Global smart transformer market: Geographic segmentation 2016-2021 (%) Exhibit 11: Regional comparison Exhibit 12: Smart transformer market in APAC – Market size & forecast 2016-2021 ($ millions) Exhibit 13: Smart transformer market in APAC – Year over year growth 2016-2021 (%) Exhibit 14: Length addition and refurbishment of T&D line in APAC 2014-2035 (thousand miles) Exhibit 15: Smart transformer market in EMEA – Market size & forecast 2016-2021 ($ millions) Exhibit 16: Smart transformer market in EMEA – Year over year growth 2016-2021 (%) Exhibit 17: Length addition and refurbishment T&D line in EMEA 2014-2035 (thousand miles) Exhibit 18: Smart transformer market in Americas – Market size & forecast 2016-2021 ($ millions) Exhibit 19: Smart transformer market in Americas – Year over year growth 2016-2021 (%) Exhibit 20: T&D line length addition and refurbishment in Americas 2014-2035 (thousand miles) Exhibit 21: Key leading countries Exhibit 22: Minimum cost of construction of distribution network per mile in the US 2016 ($) Exhibit 23: Maximum cost of construction of distribution network per mile in the US 2016 ($) Exhibit 24: Price of aluminum and copper January 2014-January 2017 ($ thousand per metric ton) Exhibit 25: Key vendors
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