Smart Transformers Market

Smart transformers, also known as solid-state transformers, control the electric distribution grid. They provide optimized voltage by maintaining the contact with the smart grid to provide feedback about the transformer and power supply through remote administration. Large commercial facilities are increasingly using these transformers, as they cater to the energy needs of the facility efficiently and economically.
Smart Transformers Market aims to provide a comprehensive presentation of the global market for Smart Transformers, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Smart Transformers. Smart Transformers Market contains market size and forecasts of Smart Transformers in global, including the following market information:
Global Smart Transformers Market Revenue, 2018-2023, 2024-2030, ($ millions)
Global Smart Transformers Market Sales, 2018-2023, 2024-2030, (Units)
Global top five Smart Transformers companies in 2022 (%)
The global Smart Transformers market was valued at US$ 1453.1 million in 2022 and is projected to reach US$ 2148 million by 2029, at a CAGR of 5.7% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
Smart distribution transformers accounted for the highest shares of the smart transformers market in 2017. The developing countries like India and China are witnessing rapid urbanization and this in turn, is resulting in the growing demand for the reliable distribution of electric power. This in turn, will drive the demand for smart distribution transformers in these countries during the next few years.
We surveyed the Smart Transformers manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Smart Transformers Market, by Type, 2018-2023, 2024-2030 ($ Millions) & (Units)
Global Smart Transformers Market Segment Percentages, by Type, 2022 (%)
Smart Distribution Transformer
Smart Power Transformer
Others
Global Smart Transformers Market, by Application, 2018-2023, 2024-2030 ($ Millions) & (Units)
Global Smart Transformers Market Segment Percentages, by Application, 2022 (%)
Industrial Sector
Residential Sector
Commercial Sector
Global Smart Transformers Market, By Region and Country, 2018-2023, 2024-2030 ($ Millions) & (Units)
Global Smart Transformers Market Segment Percentages, By Region and Country, 2022 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Smart Transformers revenues in global market, 2018-2023 (Estimated), ($ millions)
Key companies Smart Transformers revenues share in global market, 2022 (%)
Key companies Smart Transformers sales in global market, 2018-2023 (Estimated), (Units)
Key companies Smart Transformers sales share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:
ABB
GE
BHEL
Siemens
CG
Eaton
Schneider Electric
Mitsubishi Electric
SPX Transformer Solutions
Gridbridge
Gridco Systems
Howard Industries
Miracle Electronics Devices
Varentec
Outline of Major Chapters:
Chapter 1: Introduces the definition of Smart Transformers, market overview.
Chapter 2: Global Smart Transformers market size in revenue and volume.
Chapter 3: Detailed analysis of Smart Transformers manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Sales of Smart Transformers in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: Global Smart Transformers capacity by region & country.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 11: The main points and conclusions of the report.