Smart Transformers Market by Component, Type, Phase Type, Application, End-User

List of Tables

The Smart Transformers Market is projected to reach USD 65.42 billion by 2030 from USD 24.21 billion in 2022, at a CAGR of 13.22% during the forecast period.

Global Smart Transformers Market

KEY MARKET STATISTICS
Base Year Value [2022]	USD 24.21 billion
Estimated Year Value [2023]	USD 27.31 billion
Forecast Year Value [2030]	USD 65.42 billion
CAGR (%)	13.22%

Market Segmentation & Coverage:

This research report analyzes various sub-markets, forecasts revenues, and examines emerging trends in each category to provide a comprehensive outlook on the Smart Transformers Market.

Based on Component, market is studied across Converters, Sensors, Switches, and Transformers. The Sensors is projected to witness significant market share during forecast period.

Based on Type, market is studied across Distribution Transformer and Power Transformer. The Distribution Transformer is projected to witness significant market share during forecast period.

Based on Phase Type, market is studied across Single-Phase and Three-Phase. The Three-Phase is projected to witness significant market share during forecast period.

Based on Application, market is studied across Electric Vehicle Charging, Smart Grid, and Traction Locomotive. The Electric Vehicle Charging is projected to witness significant market share during forecast period.

Based on End-User, market is studied across Commercial, Industrial, and Utilities. The Commercial is projected to witness significant market share during forecast period.

Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Americas is projected to witness significant market share during forecast period.

Market Statistics:

The report provides market sizing and forecasts across 7 major currencies - USD, EUR, JPY, GBP, AUD, CAD, and CHF; multiple currency support helps organization leaders to make well-informed decisions. In this report, 2018 to 2021 are considered as historical years, 2022 is base year, 2023 is estimated year, and years from 2024 to 2030 are considered as forecast period.

FPNV Positioning Matrix:

The FPNV Positioning Matrix is an indispensable tool for assessing the Smart Transformers Market. It comprehensively evaluates vendors, analyzing key metrics related to Business Strategy and Product Satisfaction. This enables users to make informed decisions tailored to their specific needs. Through advanced analysis, vendors are categorized into four distinct quadrants, each representing a different level of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V). Be assured that this insightful framework empowers decision-makers to navigate the market with confidence.

Market Share Analysis:

The Market Share Analysis offers invaluable insights into the vendor landscape Smart Transformers Market. By evaluating their impact on overall revenue, customer base, and other key metrics, we provide companies with a comprehensive understanding of their performance and the competitive environment they confront. This analysis also uncovers the level of competition in terms of market share acquisition, fragmentation, dominance, and industry consolidation during the study period.

Key Company Profiles:

The report delves into recent significant developments in the Smart Transformers Market, highlighting leading vendors and their innovative profiles. These include ABB Ltd., Alstom, Bowers Electrical Ltd., CG Power and Industrial Solutions Limited, COMEM Group, Dauer Manufacturing, Eaton Corporation PLC, General Electric Company, Hitachi Energy Ltd., Howard Industries, IONATE Limited, JiangSu HuaPeng Transformer Co., Ltd., Lester Electrical, Mitsubishi Electric Corporation, Ormazabal by Velatia, S.L., Pioneer Transformers, Powerstar by EMSc (UK) Ltd., PVJ Power, Qualitrol Company LLC, Schneider Electric, SGB-Smit Group, Siemens AG, Smart Glass Technologies, LLC, Westrafo S.r.l., and Wilson Transformer Company Pty Ltd..

The report offers valuable insights on the following aspects:

1. Market Penetration: It provides comprehensive information about key players' market dynamics and offerings.

2. Market Development: In-depth analysis of emerging markets and penetration across mature market segments, highlighting lucrative opportunities.

3. Market Diversification: Detailed information about new product launches, untapped geographies, recent developments, and investments.

4. Competitive Assessment & Intelligence: Exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of leading players.

5. Product Development & Innovation: Intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as:

1. What is the market size and forecast for the Smart Transformers Market?

2. Which products, segments, applications, and areas hold the highest investment potential in the Smart Transformers Market?

3. What is the competitive strategic window for identifying opportunities in the Smart Transformers Market?

4. What are the latest technology trends and regulatory frameworks in the Smart Transformers Market?

5. What is the market share of the leading vendors in the Smart Transformers Market?

6. Which modes and strategic moves are suitable for entering the Smart Transformers Market?

Product Code: MRR-521BAA36EBD3

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Limitations
1.7. Assumptions
1.8. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

4.1. Introduction
4.2. Smart Transformers Market, by Region

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. Rising adoptions in advanced power systems and smart grid operations
  - 5.1.1.2. Increasing proliferation of renewable energy resources
  - 5.1.1.3. Government emphasis on smart city development
- 5.1.2. Restraints
  - 5.1.2.1. Huge installation cost of smart transformer
- 5.1.3. Opportunities
  - 5.1.3.1. Emerging use of smart transformers in EV charging stations
  - 5.1.3.2. Surge in investments in smart grid technologies
- 5.1.4. Challenges
  - 5.1.4.1. Concern associated with data privacy and security
5.2. Market Segmentation Analysis
5.3. Market Trend Analysis
5.4. Cumulative Impact of High Inflation
5.5. Porter's Five Forces Analysis
- 5.5.1. Threat of New Entrants
- 5.5.2. Threat of Substitutes
- 5.5.3. Bargaining Power of Customers
- 5.5.4. Bargaining Power of Suppliers
- 5.5.5. Industry Rivalry
5.6. Value Chain & Critical Path Analysis
5.7. Regulatory Framework

6. Smart Transformers Market, by Component

6.1. Introduction
6.2. Converters
6.3. Sensors
6.4. Switches
6.5. Transformers

7. Smart Transformers Market, by Type

7.1. Introduction
7.2. Distribution Transformer
7.3. Power Transformer

8. Smart Transformers Market, by Phase Type

8.1. Introduction
8.2. Single-Phase
8.3. Three-Phase

9. Smart Transformers Market, by Application

9.1. Introduction
9.2. Electric Vehicle Charging
9.3. Smart Grid
9.4. Traction Locomotive

10. Smart Transformers Market, by End-User

10.1. Introduction
10.2. Commercial
10.3. Industrial
10.4. Utilities

11. Americas Smart Transformers Market

11.1. Introduction
11.2. Argentina
11.3. Brazil
11.4. Canada
11.5. Mexico
11.6. United States

12. Asia-Pacific Smart Transformers Market

12.1. Introduction
12.2. Australia
12.3. China
12.4. India
12.5. Indonesia
12.6. Japan
12.7. Malaysia
12.8. Philippines
12.9. Singapore
12.10. South Korea
12.11. Taiwan
12.12. Thailand
12.13. Vietnam

13. Europe, Middle East & Africa Smart Transformers Market

13.1. Introduction
13.2. Denmark
13.3. Egypt
13.4. Finland
13.5. France
13.6. Germany
13.7. Israel
13.8. Italy
13.9. Netherlands
13.10. Nigeria
13.11. Norway
13.12. Poland
13.13. Qatar
13.14. Russia
13.15. Saudi Arabia
13.16. South Africa
13.17. Spain
13.18. Sweden
13.19. Switzerland
13.20. Turkey
13.21. United Arab Emirates
13.22. United Kingdom

14. Competitive Landscape

14.1. FPNV Positioning Matrix
14.2. Market Share Analysis, By Key Player
14.3. Competitive Scenario Analysis, By Key Player

15. Competitive Portfolio

15.1. Key Company Profiles
- 15.1.1. ABB Ltd.
- 15.1.2. Alstom
- 15.1.3. Bowers Electrical Ltd.
- 15.1.4. CG Power and Industrial Solutions Limited
- 15.1.5. COMEM Group
- 15.1.6. Dauer Manufacturing
- 15.1.7. Eaton Corporation PLC
- 15.1.8. General Electric Company
- 15.1.9. Hitachi Energy Ltd.
- 15.1.10. Howard Industries
- 15.1.11. IONATE Limited
- 15.1.12. JiangSu HuaPeng Transformer Co., Ltd.
- 15.1.13. Lester Electrical
- 15.1.14. Mitsubishi Electric Corporation
- 15.1.15. Ormazabal by Velatia, S.L.
- 15.1.16. Pioneer Transformers
- 15.1.17. Powerstar by EMSc (UK) Ltd.
- 15.1.18. PVJ Power
- 15.1.19. Qualitrol Company LLC
- 15.1.20. Schneider Electric
- 15.1.21. SGB-Smit Group
- 15.1.22. Siemens AG
- 15.1.23. Smart Glass Technologies, LLC
- 15.1.24. Westrafo S.r.l.
- 15.1.25. Wilson Transformer Company Pty Ltd.
15.2. Key Product Portfolio

16. Appendix

16.1. Discussion Guide
16.2. License & Pricing