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Market Research Report

Global Smart Transformers Market Forecast 2019-2027

Published by Inkwood Research Product code 535765
Published Content info 137 Pages
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Global Smart Transformers Market Forecast 2019-2027
Published: February 11, 2019 Content info: 137 Pages
Description

KEY FINDINGS

The global smart transformer market is anticipated to grow at a CAGR of about 9.10% during the forecast years of 2019-2027. The smart transformers market is primarily driven by factors such as a rise in industrial growth, timeworn infrastructure leading to investment in smart grids, increasing production of electricity, compliance with regulatory standards and rising demand for green energy.

MARKET INSIGHTS

The global smart transformers market is segmented by type, by component, and by the application. The market by type is further segmented into distribution transformer, power transformer, instrument transformer, and specialty transformer. The market by the component is further segmented into converter, switch, and other components. The market by application is further segmented into electric vehicle charging station, traction locomotives, power (distribution) grid, and alternative power generation. Infrastructure cost for smart transformers and fluctuations in raw materials are the major factors hindering the smart transformers market. Due to the number of regulatory and operational challenges the industries are on advancement in traditional transformers.

REGIONAL INSIGHTS

Geographically, the global Smart Transformers market is bifurcated into North America, Asia Pacific, Europe, and the remaining countries constituting the Rest of World segment. The Asia Pacific region is anticipated to be the fastest growing region during the forecast period. The regional market will be mainly driven by the conversion of distribution equipment and aging power transmission. China is currently leading the market scene due to continuous heavy investments in the smart grid by the Chinese government and the increased demand for electricity in the smart and suburban cities of China.

COMPETITIVE INSIGHTS

The global smart transformer market is a fragmented market that houses both; domestic vendors and global players such as General Electric, ABB Ltd. and Mitsubishi Electric Corporation. All these companies are actively contributing to generating the revenue of the global smart transformers market by trying to adopt new technologies, thus increasing their global presence. Some of the powerful companies operating in the global market are Bharat Heavy Electricals Limited, Eaton Corporation PLC, Schneider Electric SE, Howard Industries, Inc., Tesla Transformers Ltd., General Electric Co., Siemens AG, Mitsubishi Electric Corporation, Maschinenfabrik Reinhausen GmbH, Crompton Greaves Ltd., SPX Transformer Solutions and ABB Ltd.

Table of Contents
Product Code: 6702

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
    • 4.4.3. INCREASING POWER SECTOR REFORMS IN DEVELOPING REGIONS
  • 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
  • 9.2. EUROPE
    • 9.2.1. GERMANY
    • 9.2.2. UNITED KINGDOM
    • 9.2.3. FRANCE
    • 9.2.4. SPAIN
    • 9.2.5. ITALY
    • 9.2.6. RUSSIA
    • 9.2.7. ROE (REST OF EUROPE)
  • 9.3. ASIA PACIFIC
    • 9.3.1. INDIA
    • 9.3.2. CHINA
    • 9.3.3. JAPAN
    • 9.3.4. SOUTH KOREA
    • 9.3.5. AUSTRALIA
    • 9.3.6. REST OF ASIA PACIFIC (RoAPAC)
  • 9.4. REST OF WORLD
    • 9.4.1. LATIN AMERICA
    • 9.4.2. MIDDLE EAST AND AFRICA

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 GLOBAL SMART TRANSFORMERS MARKET, BY GEOGRAPHY, 2019-2027, (IN $ MILLION)
  • TABLE 2 GLOBAL SMART TRANSFORMERS MARKET, BY TYPE, 2019-2027, (IN $ MILLION)
  • TABLE 3 GLOBAL DISTRIBUTION TRANSFORMER MARKET, BY REGION, 2019-2027, (IN $ MILLION)
  • TABLE 4 GLOBAL INSTRUMENT TRANSFORMER MARKET, BY REGION, 2019-2027, (IN $ MILLION)
  • TABLE 5 GLOBAL POWER TRANSFORMER MARKET, BY REGION, 2019-2027, (IN $ MILLION)
  • TABLE 6 GLOBAL SPECIALTY TRANSFORMER MARKET, BY REGION, 2019-2027, (IN $ MILLION)
  • TABLE 7 GLOBAL SMART TRANSFORMERS MARKET, BY COMPONENT, 2019-2027, (IN $ MILLION)
  • TABLE 8 GLOBAL CONVERTER MARKET, BY REGION, 2019-2027, (IN $ MILLION)
  • TABLE 9 GLOBAL SWITCH MARKET, BY REGION, 2019-2027, (IN $ MILLION)
  • TABLE 10 GLOBAL OTHER COMPONENTS MARKET, BY REGION, 2019-2027, (IN $ MILLION)
  • TABLE 11 GLOBAL SMART TRANSFORMERS MARKET, BY APPLICATION, 2019-2027, (IN $ MILLION)
  • TABLE 12 GLOBAL ELECTRIC VEHICLE CHARGING STATION MARKET, BY REGION, 2019-2027, (IN $ MILLION)
  • TABLE 13 GLOBAL POWER GRID MARKET, BY REGION, 2019-2027, (IN $ MILLION)
  • TABLE 14 GLOBAL TRACTION LOCOMOTIVES MARKET, BY REGION, 2019-2027, (IN $ MILLION)
  • TABLE 15 GLOBAL ALTERNATIVE POWER GENERATION MARKET, BY REGION, 2019-2027, (IN $ MILLION)
  • TABLE 16 GLOBAL ALTERNATIVE POWER GENERATION MARKET, BY SEGMENTS, 2019-2027, (IN $ MILLION)
  • TABLE 17 GLOBAL SOLAR POWER MARKET, BY REGION, 2019-2027, (IN $ MILLION)
  • TABLE 18 GLOBAL WIND POWER MARKET, BY REGION, 2019-2027, (IN $ MILLION)
  • TABLE 19 GLOBAL OTHER POWER MARKET, BY REGION, 2019-2027, (IN $ MILLION)
  • TABLE 20 OPPORTUNITY MATRIX
  • TABLE 21 VENDOR LANDSCAPE
  • TABLE 22 GLOBAL SMART TRANSFORMERS MARKET, BY GEOGRAPHY, 2019-2027, (IN $ MILLION)
  • TABLE 23 NORTH AMERICA SMART TRANSFORMERS MARKET, BY COUNTRY, 2019-2027 (IN $ MILLION)
  • TABLE 24 EUROPE SMART TRANSFORMERS MARKET, BY COUNTRY, 2019-2027 (IN $ MILLION)
  • TABLE 25 ASIA PACIFIC SMART TRANSFORMERS MARKET, BY COUNTRY, 2019-2027 (IN $ MILLION)
  • TABLE 26 REST OF WORLD SMART TRANSFORMERS MARKET, BY REGIONS, 2019-2027 (IN $ MILLION)

LIST OF FIGURES

  • FIGURE 1 GLOBAL 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 GLOBAL SMART TRANSFORMERS MARKET, BY ELECTRIC VEHICLE CHARGING STATION, 2019-2027, (IN $ MILLION)
  • FIGURE 7 GLOBAL SMART TRANSFORMERS MARKET, BY POWER GRID, 2019-2027, (IN $ MILLION)
  • FIGURE 8 GLOBAL SMART TRANSFORMERS MARKET, BY TRACTION LOCOMOTIVES, 2019-2027, (IN $ MILLION)
  • FIGURE 9 GLOBAL SMART TRANSFORMERS MARKET, BY ALTERNATIVE POWER GENERATION, 2019-2027, (IN $ MILLION)
  • FIGURE 10 GLOBAL SMART TRANSFORMERS MARKET, BY SOLAR POWER, 2019-2027, (IN $ MILLION)
  • FIGURE 11 GLOBAL SMART TRANSFORMERS MARKET, BY WIND POWER, 2019-2027, (IN $ MILLION)
  • FIGURE 12 GLOBAL 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 GLOBAL 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 GERMANY SMART TRANSFORMERS MARKET, 2019-2027 (IN $ MILLION)
  • FIGURE 19 UNITED KINGDOM SMART TRANSFORMERS MARKET, 2019-2027 (IN $ MILLION)
  • FIGURE 20 FRANCE SMART TRANSFORMERS MARKET, 2019-2027 (IN $ MILLION)
  • FIGURE 21 SPAIN SMART TRANSFORMERS MARKET, 2019-2027 (IN $ MILLION)
  • FIGURE 22 ITALY SMART TRANSFORMERS MARKET, 2019-2027 (IN $ MILLION)
  • FIGURE 23 RUSSIA SMART TRANSFORMERS MARKET, 2019-2027 (IN $ MILLION)
  • FIGURE 24 ROE SMART TRANSFORMERS MARKET, 2019-2027 (IN $ MILLION)
  • FIGURE 25 INDIA SMART TRANSFORMERS MARKET, 2019-2027 (IN $ MILLION)
  • FIGURE 26 CHINA SMART TRANSFORMERS MARKET, 2019-2027 (IN $ MILLION)
  • FIGURE 27 JAPAN SMART TRANSFORMERS MARKET, 2019-2027 (IN $ MILLION)
  • FIGURE 28 SOUTH KOREA SMART TRANSFORMERS MARKET, 2019-2027 (IN $ MILLION)
  • FIGURE 29 AUSTRALIA SMART TRANSFORMERS MARKET, 2019-2027 (IN $ MILLION)
  • FIGURE 30 REST OF ASIA PACIFIC SMART TRANSFORMERS MARKET, 2019-2027 (IN $ MILLION)
  • FIGURE 31 LATIN AMERICA SMART TRANSFORMERS MARKET, 2019-2027 (IN $ MILLION)
  • FIGURE 32 MIDDLE EAST AND AFRICA SMART TRANSFORMERS MARKET, 2019-2027 (IN $ MILLION)
  • FIGURE 33 MARKET SHARE ANALYSIS OF GLOBAL SMART TRANSFORMERS MARKET (2018)
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