Global Smart Transformers Market Report, History and Forecast 2015-2026, Breakdown Data by Manufacturers, Key Regions, Types and Application

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 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.

Market Analysis and Insights: Global Smart Transformers Market
The global Smart Transformers market size is projected to reach US$ 2062.4 million by 2026, from US$ 1455.9 million in 2020, at a CAGR of 6.0% during 2021-2026.
Global Smart Transformers Scope and Segment
The global Smart Transformers market is segmented by company, region (country), by Type, and by Application. Players, stakeholders, and other participants in the global Smart Transformers market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by region (country), by Type, and by Application for the period 2015-2026.
The major regions covered in the report are North America, Europe, Asia-Pacific, South America, Middle East & Africa, etc. The report has specifically covered major countries including U.S., Canada, Germany, France, U.K., Italy, Russia, China, Japan, South Korea, India, Australia, Taiwan, Indonesia, Thailand, Malaysia, Philippines, Vietnam, Mexico, Brazil, Turkey, Saudi Arabia, U.A.E, etc. It includes revenue and volume analysis of each region and their respective countries for the forecast years. It also contains country-wise volume and revenue from the year 2015 to 2020. Additionally, it provides the reader with accurate data on volume sales according to the consumption for the same years.

Segment by Type, the Smart Transformers market is segmented into
Smart Distribution Transformer
Smart Power Transformer
Other

Segment by Application, the Smart Transformers market is segmented into
Industrial Sector
Residential Sector
Commercial Sector

Smart Transformers market competitive landscape provides details and data information by players. The report offers comprehensive analysis and accurate statistics on revenue by the player for the period 2015-2020. It also offers detailed analysis supported by reliable statistics on revenue (global and regional level) by players for the period 2015-2020. Details included are company description, major business, company total revenue and the sales, revenue generated in Smart Transformers business, the date to enter into the Smart Transformers market, Smart Transformers product introduction, recent developments, etc.
The major vendors covered:
ABB
GE
BHEL
Siemens
CG
Eaton
Schneider Electric
Mitsubishi Electric
SPX Transformer Solutions
Gridbridge
Gridco Systems
Howard Industries
Miracle Electronics Devices
Varentec

Geographic Segmentation
The report offers exhaustive assessment of different region-wise and country-wise Smart Transformers markets such as U.S., Canada, Germany, France, U.K., Italy, Russia, China, Japan, South Korea, India, Australia, Taiwan, Indonesia, Thailand, Malaysia, Philippines, Vietnam, Mexico, Brazil, Turkey, Saudi Arabia, U.A.E, etc. Key regions covered in the report are North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa.
For the period 2015-2026, the report provides country-wise revenue and volume sales analysis and region-wise revenue and volume analysis of the global Smart Transformers market. For the period 2015-2020, it provides sales (consumption) analysis and forecast of different regional markets by Application as well as by Type in terms of volume.