Published By: Syndicate Market Research
Smart Transformers Market – Global Industry Perspective, Comprehensive
Analysis and Forecast, 2014 – 2020
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Smart Transformers Market
Smart transformer is also known as solid state transformer. Smart transformer controls power distribution networks.
It makes possible the conversion of AC to DC and DC to AC, as per requirement. Smart transformer (ST) provides
the exact amount of power that is needed, and responds instantly to fluctuations within the power grid, acting as a
voltage regulator to ensure that the optimized voltage is undisturbed. Smart transformer facilitates appliances to
exhibit optimum efficiency as well as they last longer and use less power.
The smart transformer market is primarily driven by rising demand for power consumption, transmission &
distribution networks across the globe. However, the need to improve efficiency of grids along with reduction in
wastage of electricity is expected to drive the market growth. Increasing adoption of renewable power sources, such
as wind & solar energy, traction locomotives, are major factors boosting the adoption of smart transformers.
However, high cost of smart transformers and inadequate testing infrastructure can lower down the growth of
market.
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The report covers forecast and analysis for the smart transformers market on a global and regional level. The study
provides historic data of 2014 along with a forecast from 2014 to 2020 based on revenue (USD Million). The report
also offers detailed competitive landscape of the global smart transformers market. It includes company market
share analysis, product portfolio of the major industry participants....