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Market Research Report

North America Smart Transformers Market Forecast 2019-2027

Published by Inkwood Research Product code 535764
Published Content info 83 Pages
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North America Smart Transformers Market Forecast 2019-2027
Published: February 11, 2019 Content info: 83 Pages
Description

KEY FINDINGS

The North America smart transformers market was valued at $XX million in 2018 and is expected to reach $XX million by 2027 growing at an anticipated CAGR of 8.39% during the forecast period 2019-2027. The rising production of electricity, compliance with regulatory standards and the increasing demand for green energy are majorly responsible for driving the market.

MARKET INSIGHTS

Increasing consumption of electricity in the major revenue contributing countries of North America, namely, Canada and the U.S. have boosted the adoption of solid-state transformers in North America. Smart transformers have overcome the shortcomings of traditional transformers in terms of reliability, security and effective transmission. This market is segmented on the basis of type, component, and application. The different types of smart transformers include distribution transformer, specialty transformer, instrument transformer, and power transformer. Of these, the distribution transformer is expected to exhibit the fastest growth in the coming years. The components of the transformers include switches, converters and other such components whereas the market finds its application in the electric vehicle charging station, traction locomotives, power (distribution) grid and in alternative power generation.

COMPETITIVE INSIGHTS

Crompton Greaves Ltd., Mitsubishi Electric Corporation, Maschinenfabrik Reinhausen GmbH, Siemens AG, Schneider Electric SE, SPX Transformer Solutions, ABB Ltd., Howard Industries, Inc., Bharat Heavy Electricals Limited, Tesla Transformers Ltd., General Electric Co., and Eaton Corporation PLC are major operating market players in North America.

Table of Contents
Product Code: 6701

Table of Contents

1. RESEARCH SCOPE

  • 1.1. STUDY GOALS
  • 1.2. SCOPE OF THE MARKET STUDY
  • 1.3. WHO WILL FIND THIS REPORT USEFUL?
  • 1.4. STUDY AND FORECASTING YEARS

2. RESEARCH METHODOLOGY

  • 2.1. SOURCES OF DATA
    • 2.1.1. SECONDARY DATA
    • 2.1.2. PRIMARY DATA
  • 2.2. TOP-DOWN APPROACH
  • 2.3. BOTTOM-UP APPROACH
  • 2.4. DATA TRIANGULATION

3. EXECUTIVE SUMMARY

  • 3.1. MARKET SUMMARY
  • 3.2. KEY FINDINGS
    • 3.2.1. POWER GRID IS THE DOMINANT APPLICATION
    • 3.2.2. DEMAND FOR CONVERTER IS EXPECTED TO BE HIGH OVER THE FORECAST PERIOD
    • 3.2.3. POWER TRANSFORMER IS THE LARGEST CONTRIBUTOR TO SMART TRANSFORMER MARKET

4. MARKET DYNAMICS

  • 4.1. MARKET DEFINITION & SCOPE
  • 4.2. MARKET DRIVERS
    • 4.2.1. RISE IN INDUSTRIAL GROWTH
    • 4.2.2. TIMEWORN INFRASTRUCTURE LEADING TO INVESTMENT IN SMART GRIDS
    • 4.2.3. HIGHER CONSUMPTIONS PATTERN IN HIGH GROWTH REGIONS
    • 4.2.4. RISING PRODUCTION OF ELECTRICITY
    • 4.2.5. COMPLIANCE WITH REGULATORY STANDARDS
    • 4.2.6. GREEN ENERGY DEMAND ON THE RISE
  • 4.3. MARKET RESTRAINTS
    • 4.3.1. INFRASTRUCTURE COST
    • 4.3.2. FLUCTUATION IN RAW MATERIAL PRICES
  • 4.4. MARKET OPPORTUNITIES
    • 4.4.1. RISE IN SALES OF HYBRID AND ELECTRIC VEHICLE
    • 4.4.2. NEED FOR RELIABLE ERROR-FREE NETWORK
  • 4.5. MARKET CHALLENGES
    • 4.5.1. LARGE INITIAL INVESTMENTS

5. MARKET BY TYPE

  • 5.1. DISTRIBUTION TRANSFORMER
  • 5.2. INSTRUMENT TRANSFORMER
  • 5.3. POWER TRANSFORMER
  • 5.4. SPECIALTY TRANSFORMER

6. MARKET BY COMPONENT

  • 6.1. CONVERTER
  • 6.2. SWITCH
  • 6.3. OTHER COMPONENTS

7. MARKET BY APPLICATION

  • 7.1. ELECTRIC VEHICLE CHARGING STATION
  • 7.2. POWER GRID
  • 7.3. TRACTION LOCOMOTIVES
  • 7.4. ALTERNATIVE POWER GENERATION
    • 7.4.1. SOLAR POWER
    • 7.4.2. WIND POWER
    • 7.4.3. OTHER POWER

8. KEY ANALYTICS

  • 8.1. PORTER'S FIVE FORCE MODEL
    • 8.1.1. THREAT OF NEW ENTRANTS
    • 8.1.2. THREAT OF SUBSTITUTE
    • 8.1.3. BARGAINING POWER OF SUPPLIERS
    • 8.1.4. BARGAINING POWER OF BUYERS
    • 8.1.5. THREAT OF COMPETITIVE RIVALRY
  • 8.2. OPPORTUNITY MATRIX
  • 8.3. VENDOR LANDSCAPE
  • 8.4. KEY BUYING CRITERIA

9. GEOGRAPHICAL ANALYSIS

  • 9.1. NORTH AMERICA
    • 9.1.1. UNITED STATES
    • 9.1.2. CANADA

10. COMPETITIVE LANDSCAPE

  • 10.1. MARKET SHARE ANALYSIS
  • 10.2. COMPANY PROFILE
    • 10.2.1. ABB LTD.
    • 10.2.2. CROMPTON GREAVES LTD.
    • 10.2.3. EATON CORPORATION PLC
    • 10.2.4. GENERAL ELECTRIC CO.
    • 10.2.5. HOWARD INDUSTRIES, INC.
    • 10.2.6. MITSUBISHI ELECTRIC CORPORATION
    • 10.2.7. SCHNEIDER ELECTRIC SE
    • 10.2.8. SIEMENS AG
    • 10.2.9. SPX TRANSFORMER SOLUTIONS
    • 10.2.10. BHARAT HEAVY ELECTRICALS LIMITED
    • 10.2.11. MASCHINENFABRIK REINHAUSEN GMBH
    • 10.2.12. TESLA TRANSFORMERS LTD.

LIST OF TABLES

  • TABLE 1 NORTH AMERICA SMART TRANSFORMERS MARKET, BY COUNTRY, 2019-2027, (IN $ MILLION)
  • TABLE 2 NORTH AMERICA SMART TRANSFORMERS MARKET, BY TYPE, 2019-2027, (IN $ MILLION)
  • TABLE 3 NORTH AMERICA SMART TRANSFORMERS MARKET, BY COMPONENT, 2019-2027, (IN $ MILLION)
  • TABLE 4 NORTH AMERICA SMART TRANSFORMERS MARKET, BY APPLICATION, 2019-2027, (IN $ MILLION)
  • TABLE 5 NORTH AMERICA ALTERNATIVE POWER GENERATION MARKET, BY SEGMENTS, 2019-2027, (IN $ MILLION)
  • TABLE 6 OPPORTUNITY MATRIX
  • TABLE 7 VENDOR LANDSCAPE
  • TABLE 8 NORTH AMERICA SMART TRANSFORMERS MARKET, BY COUNTRY, 2019-2027 (IN $ MILLION)

LIST OF FIGURES

  • FIGURE 1 NORTH AMERICA SMART TRANSFORMERS MARKET SHARE, BY APPLICATION 2018 & 2027 (%)
  • FIGURE 2 POWER GRID MARKET, 2019 - 2027 (IN $ MILLION)
  • FIGURE 3 CONVERTER MARKET, 2019 - 2027 (IN $ MILLION)
  • FIGURE 4 POWER SMART TRANSFORMERS MARKET ($ MILLION)
  • FIGURE 5 RISING PRODUCTION OF ELECTRICITY IN TRILLION KWH
  • FIGURE 6 NORTH AMERICA SMART TRANSFORMERS MARKET, BY ELECTRIC VEHICLE CHARGING STATION, 2019-2027, (IN $ MILLION)
  • FIGURE 7 NORTH AMERICA SMART TRANSFORMERS MARKET, BY POWER GRID, 2019-2027, (IN $ MILLION)
  • FIGURE 8 NORTH AMERICA SMART TRANSFORMERS MARKET, BY TRACTION LOCOMOTIVES, 2019-2027, (IN $ MILLION)
  • FIGURE 9 NORTH AMERICA SMART TRANSFORMERS MARKET, BY ALTERNATIVE POWER GENERATION, 2019-2027, (IN $ MILLION)
  • FIGURE 10 NORTH AMERICA SMART TRANSFORMERS MARKET, BY SOLAR POWER, 2019-2027, (IN $ MILLION)
  • FIGURE 11 NORTH AMERICA SMART TRANSFORMERS MARKET, BY WIND POWER, 2019-2027, (IN $ MILLION)
  • FIGURE 12 NORTH AMERICA SMART TRANSFORMERS MARKET, BY OTHER POWER, 2019-2027, (IN $ MILLION)
  • FIGURE 13 PORTER'S FIVE FORCE MODEL
  • FIGURE 14 KEY BUYING CRITERIA FOR SMART TRANSFORMERS, 2019 & 2027
  • FIGURE 15 NORTH AMERICA SMART TRANSFORMERS MARKET, REGIONAL OUTLOOK, 2018 & 2027, (%)
  • FIGURE 16 UNITED STATES SMART TRANSFORMERS MARKET, 2019-2027 (IN $ MILLION)
  • FIGURE 17 CANADA SMART TRANSFORMERS MARKET, 2019-2027 (IN $ MILLION)
  • FIGURE 18 MARKET SHARE ANALYSIS OF SMART TRANSFORMERS MARKET (2018)
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