World Smart Transformers Market Discussed in New M&M Research Study Now Available at MarketPublishers.com30 Jun 2015 • by Natalie Aster
LONDON – Rising power demand, expanding electricity distribution networks, and surging investments in smart and effective power grids contribute to the fast-paced development of the smart transformers market globally. The market is expected to grow in size from USD 903.7 million in 2015 to close to USD 2.186 billion by end-2020, posting a 19.3% CAGR over the period. Geography-wise, the market is being dominated by APAC in 2015, with the trend likely to continue through 2020. During the forecasted period, strong smart transformers market growth is anticipated in Europe, North America, and the Middle East region, as expenditure on smart grid infrastructure and technologies, novel rapid transit systems utilising high-speed trains (CRH trains), as well as the increased installation of EV charging stations keeps on pushing the demand. China, the USA, India, the UK, Saudi Arabia, Brazil and the UAE are projected to be highly promising smart transformer marketplaces up to 2020.
Сompanies such as Siemens AG, ABB Ltd., General Electric, Eaton Corporation, Alstom, Schneider Electric, and Crompton Greaves, amongst others, take the lead in the market.
New report “Smart Transformers Market by Type (Power, Distribution, Specialty, and Instrument), Application (Smart Grid, Traction Locomotive, Electric Vehicle Charging, and Others) & by Region - Global Trends & Forecast to 2020” prepared by MarketsandMarkets (M&M) provides an in-depth analysis of the global smart transformers market based on type, application and region; providing market size data (by value) plus forecasts of each of the segments covered. The research publication presents a qualitative analysis of the dominant players involved in the smart transformers market, with shrewd insights and a detailed assessment of the development strategies utilised and preferred by them. The report offers a historical account of the key developments pertaining to contracts and agreements (including JVs, partnerships and collaborations), M&As, expansions, and novel product launches. Market shares of key players are discussed as well. The research study casts light on the driving factors, hindrances, and challenges for the marketplace, limelighting the latest trends, and identifying lucrative opportunities.
Smart Transformers Market by Type (Power, Distribution, Specialty, and Instrument), Application (Smart Grid, Traction Locomotive, Electric Vehicle Charging, and Others) & by Region - Global Trends & Forecast to 2020
Date: June, 2015
Price: US$ 4,650.00
More studies by the publisher can be found at M&M page.