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Smart Transformers Market by Component (Converters, Switches, Transformers, and Hardware for Transformer Monitoring), by Type (Power Transformers, Distribution Transformers, Specialty Transformers, and Instrument Transformers), and by Application (Traction Locomotive, Smart Grid, Electric Vehicle Charging, Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2025

Published Date: 27-May-2019 Category: Energy & Mining Report Format : PDF Pages: 110 Report Code: ZMR-1302 Status : Published

Global smart transformers market expected to reach USD 3.01 billion by 2025, at a CAGR of 10.24% between 2019 and 2025. Smart transformers deliver extra flexibility to control power distribution networks to enable the smooth transformation of DC-to-AC and AC-to-DC, as per the necessity.

Description

The report covers a forecast and an analysis of the smart transformers market on a global and regional level. The study provides historical information from 2016 to 2018 with a forecast from 2019 to 2025 based on both volume (K Units) and revenue (USD Billion). The study covers the key drivers and restraints of the smart transformers market alongside the market impact within the forecast period. Furthermore, the study also includes the opportunities accessible within the smart transformers market on a global level.

In order to offer the users of this report, a comprehensive view of the smart transformers market, we have enclosed a detailed value chain analysis. To know the competitive landscape within the market, an analysis of Porter’s Five Forces model for the smart transformers market has additionally been enclosed. The study includes a market attractiveness analysis, wherein all the segments are benchmarked supported their market size, growth rate, and general attractiveness.

Global Smart Transformers Market

The study also includes the market share of the key participants operating in the smart transformers market across the globe. Additionally, the report covers the strategic development together with acquisitions & mergers, agreements, partnerships, collaborations, and joint ventures, and regional growth of the key players within the market on a regional basis.

The study provides a crucial view of the smart transformers market by segmenting it based on component, type, application, and region. All the segments have been analyzed based on present and future trends and the market is estimated from 2019 to 2025. The regional classification includes Europe, North America, Latin America, Asia Pacific, and the Middle East and Africa along with the major countries, such as the U.S., UK, Germany, France, China, Japan, India, Brazil, and South Africa.

The major players of the global smart transformers market are Cree, ABB, Howard Industries, Eaton Corporation, Alstom, Schneider Electric, General Electric, Crompton Greaves, Siemens, and Mitsubishi Electric.

This report segments the global smart transformers market into:

Global Smart Transformers Market: Component Analysis

  • Converters
  • Switches
  • Transformers
  • Hardware for Transformer Monitoring

Global Smart Transformers Market: Type Analysis

  • Power Transformers
  • Distribution Transformers
  • Specialty Transformers
  • Instrument Transformers

Global Smart Transformers Market: Application Analysis

  • Traction Locomotive
  • Smart Grid
  • Electric Vehicle Charging
  • Others

Global Smart Transformers Market: Regional Analysis

  • North America
    • The U.S.
  • Europe
    • UK
    • France
    • Germany
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • Middle East and Africa

Table Of Content

  • Chapter 1. Preface
    • 1.1. Report Description
      • 1.1.1. Objective
      • 1.1.2. Target Audience
      • 1.1.3. Unique Selling Proposition (USP) & Offerings
    • 1.2. Research Scope
    • 1.3. Research Methodology
      • 1.3.1. Market research process
      • 1.3.2. Market research methodology
      • 1.3.3. Level 1: Primary Research
      • 1.3.4. Level 2: Secondary Research
      • 1.3.5. Level 3: Data Validation and Expert Panel Assessment Report description and scope
  •  
  • Chapter 2. Executive Summary
    • 2.1. Global Smart Transformers Market, 2016-2025 (K Units) (USD Billion)
    • 2.2. Smart Transformers: Market Snapshot
  •  
  • Chapter 3. Smart Transformers Market: Industry Analysis
    • 3.1. Smart Transformers Market: Market Dynamics
    • 3.2. Value Chain Analysis
    • 3.3. Market Drivers
      • 3.3.1. Rising awareness about energy sources, aging infrastructure, and technological advancements
      • 3.3.2. Rapid urbanization and improving living standards
    • 3.4. Restraints
      • 3.4.1. Huge initial investments for smart transformers installation
    • 3.5. Opportunity
      • 3.5.1. Opportunities arising from the electric vehicles market
    • 3.6. Porter's Five Forces Analysis
    • 3.7. Market Attractiveness Analysis
      • 3.7.1. Market Attractiveness Analysis by Component
      • 3.7.2. Market Attractiveness Analysis by Type
      • 3.7.3. Market Attractiveness Analysis by Application
      • 3.7.4. Market Attractiveness Analysis by Region
  •  
  • Chapter 4. Global Smart Transformers Market: Value Chain Analysis
    • 4.1. Smart Transformers Market: Value Chain Analysis
    • 4.2. Smart Transformers Market: Raw Material Analysis
      • 4.2.1. List of Raw Materials
      • 4.2.2. Raw Material Manufacturers List
      • 4.2.3. Price Trends of Key Raw Materials
    • 4.3. List of Potential Buyers
    • 4.4. Marketing Channel
      • 4.4.1. Direct Marketing
      • 4.4.2. Indirect Marketing
      • 4.4.3. Marketing Channel Development Trend
  •  
  • Chapter 5. Global Smart Transformers Market: Competitive Landscape
    • 5.1. Company Market Share Analysis
      • 5.1.1. Global Smart Transformers Market: Company Market Share, 2018
    • 5.2. Strategic Development
      • 5.2.1. Acquisitions & Mergers
      • 5.2.2. New Product Launch
      • 5.2.3. Agreements, Partnerships, Collaborations, and Joint Ventures
      • 5.2.4. Research and Development and Regional Expansion
    • 5.3. Type Portfolio
  •  
  • Chapter 6. Global Smart Transformers Market: Component Overview
    • 6.1. Global Smart Transformers Market Share, by Component, 2018 and 2025
    • 6.2. Converters
      • 6.2.1. Overview
      • 6.2.2. Global Smart Transformers Market by Converters, 2016-2025 (K Units) (USD Billion)
    • 6.3. Switches
      • 6.3.1. Overview
      • 6.3.2. Global Smart Transformers Market by Switches, 2016-2025 (K Units) (USD Billion)
    • 6.4. Transformers
      • 6.4.1. Overview
      • 6.4.2. Global Smart Transformers Market by Transformers, 2016-2025 (K Units) (USD Billion)
    • 6.5. Hardware for Transformer Monitoring
      • 6.5.1. Overview
      • 6.5.2. Global Smart Transformers Market by Hardware for Transformer Monitoring, 2016-2025 (K Units) (USD Billion)
  •  
  • Chapter 7. Global Smart Transformers Market: Type Overview
    • 7.1. Global Smart Transformers Market Share, by Type, 2018 and 2025
    • 7.2. Power Transformers
      • 7.2.1. Overview
      • 7.2.2. Global Smart Transformers Market by Power Transformers, 2016-2025 (K Units) (USD Billion)
    • 7.3. Distribution Transformers
      • 7.3.1. Overview
      • 7.3.2. Global Smart Transformers Market by Distribution Transformers, 2016-2025 (K Units) (USD Billion)
    • 7.4. Specialty Transformers
      • 7.4.1. Overview
      • 7.4.2. Global Smart Transformers Market by Specialty Transformers, 2016-2025 (K Units) (USD Billion)
    • 7.5. Instrument Transformers
      • 7.5.1. Overview
      • 7.5.2. Global Smart Transformers Market by Instrument Transformers, 2016-2025 (K Units) (USD Billion)
  •  
  • Chapter 8. Global Smart Transformers Market: Application Overview
    • 8.1. Global Smart Transformers Market Share, by Application, 2018 and 2025
    • 8.2. Traction Locomotive
      • 8.2.1. Overview
      • 8.2.2. Global Smart Transformers Market for Traction Locomotive, 2016-2025 (K Units) (USD Billion)
    • 8.3. Smart Grid
      • 8.3.1. Overview
      • 8.3.2. Global Smart Transformers Market for Smart Grid, 2016-2025 (K Units) (USD Billion)
    • 8.4. Electric Vehicle Charging
      • 8.4.1. Overview
      • 8.4.2. Global Smart Transformers Market for Electric Vehicle Charging, 2016-2025 (K Units) (USD Billion)
    • 8.5. Others
      • 8.5.1. Overview
      • 8.5.2. Global Smart Transformers Market for Others, 2016-2025 (K Units) (USD Billion)
  •  
  • Chapter 9. Global Smart Transformers Market: Regional Analysis
    • 9.1. Global Smart Transformers Market: Regional overview
      • 9.1.1. Global Smart Transformers Market Share, by Region, 2018 and 2025
    • 9.2. North America
      • 9.2.1. Overview
      • 9.2.2. North America Smart Transformers Market Volume, by Component, 2016-2025 (K Units)
      • 9.2.3. North America Smart Transformers Market Revenue, by Component, 2016-2025 (USD Billion)
      • 9.2.4. North America Smart Transformers Market Volume, by Type, 2016-2025 (K Units)
      • 9.2.5. North America Smart Transformers Market Revenue, by Type, 2016-2025 (USD Billion)
      • 9.2.6. North America Smart Transformers Market Volume, by Application, 2016-2025 (K Units)
      • 9.2.7. North America Smart Transformers Market Revenue, by Application, 2016-2025 (USD Billion)
      • 9.2.8. The U.S.
        • 9.2.8.1. The U.S. Smart Transformers Market Volume, by Component, 2016-2025 (K Units)
        • 9.2.8.2. The U.S. Smart Transformers Market Revenue, by Component, 2016-2025 (USD Billion)
        • 9.2.8.3. The U.S. Smart Transformers Market Volume, by Type, 2016-2025 (K Units)
        • 9.2.8.4. The U.S. Smart Transformers Market Revenue, by Type, 2016-2025 (USD Billion)
        • 9.2.8.5. The U.S. Smart Transformers Market Volume, by Application, 2016-2025 (K Units)
        • 9.2.8.6. The U.S. Smart Transformers Market Revenue, by Application, 2016-2025 (USD Billion)
      • 9.2.9. Rest of North America
        • 9.2.9.1. Rest of North America Smart Transformers Market Volume, by Component, 2016-2025 (K Units)
        • 9.2.9.2. Rest of North America Smart Transformers Market Revenue, by Component, 2016-2025 (USD Billion)
        • 9.2.9.3. Rest of North America Smart Transformers Market Volume, by Type, 2016-2025 (K Units)
        • 9.2.9.4. Rest of North America Smart Transformers Market Revenue, by Type, 2016-2025 (USD Billion)
        • 9.2.9.5. Rest of North America Smart Transformers Market Volume, by Application, 2016-2025 (K Units)
        • 9.2.9.6. Rest of North America Smart Transformers Market Revenue, by Application, 2016-2025 (USD Billion)
    • 9.3. Europe
      • 9.3.1. Overview
      • 9.3.2. Europe Smart Transformers Market Volume, by Component, 2016-2025 (K Units)
      • 9.3.3. Europe Smart Transformers Market Revenue, by Component, 2016-2025 (USD Billion)
      • 9.3.4. Europe Smart Transformers Market Volume, by Type, 2016-2025 (K Units)
      • 9.3.5. Europe Smart Transformers Market Revenue, by Type, 2016-2025 (USD Billion)
      • 9.3.6. Europe Smart Transformers Market Volume, by Application, 2016-2025 (K Units)
      • 9.3.7. Europe Smart Transformers Market Revenue, by Application, 2016-2025 (USD Billion)
      • 9.3.8. UK
        • 9.3.8.1. UK Smart Transformers Market Volume, by Component, 2016-2025 (K Units)
        • 9.3.8.2. UK Smart Transformers Market Revenue, by Component, 2016-2025 (USD Billion)
        • 9.3.8.3. UK Smart Transformers Market Volume, by Type, 2016-2025 (K Units)
        • 9.3.8.4. UK Smart Transformers Market Revenue, by Type, 2016-2025 (USD Billion)
        • 9.3.8.5. UK Smart Transformers Market Volume, by Application, 2016-2025 (K Units)
        • 9.3.8.6. UK Smart Transformers Market Revenue, by Application, 2016-2025 (USD Billion)
      • 9.3.9. France
        • 9.3.9.1. France Smart Transformers Market Volume, by Component, 2016-2025 (K Units)
        • 9.3.9.2. France Smart Transformers Market Revenue, by Component, 2016-2025 (USD Billion)
        • 9.3.9.3. France Smart Transformers Market Volume, by Type, 2016-2025 (K Units)
        • 9.3.9.4. France Smart Transformers Market Revenue, by Type, 2016-2025 (USD Billion)
        • 9.3.9.5. France Smart Transformers Market Volume, by Application, 2016-2025 (K Units)
        • 9.3.9.6. France Smart Transformers Market Revenue, by Application, 2016-2025 (USD Billion)
      • 9.3.10. Germany
        • 9.3.10.1. Germany Smart Transformers Market Volume, by Component, 2016-2025 (K Units)
        • 9.3.10.2. Germany Smart Transformers Market Revenue, by Component, 2016-2025 (USD Billion)
        • 9.3.10.3. Germany Smart Transformers Market Volume, by Type, 2016-2025 (K Units)
        • 9.3.10.4. Germany Smart Transformers Market Revenue, by Type, 2016-2025 (USD Billion)
        • 9.3.10.5. Germany Smart Transformers Market Volume, by Application, 2016-2025 (K Units)
        • 9.3.10.6. Germany Smart Transformers Market Revenue, by Application, 2016-2025 (USD Billion)
      • 9.3.11. Rest of Europe
        • 9.3.11.1. Rest of Europe Smart Transformers Market Volume, by Component, 2016-2025 (K Units)
        • 9.3.11.2. Rest of Europe Smart Transformers Market Revenue, by Component, 2016-2025 (USD Billion)
        • 9.3.11.3. Rest of Europe Smart Transformers Market Volume, by Type, 2016-2025 (K Units)
        • 9.3.11.4. Rest of Europe Smart Transformers Market Revenue, by Type, 2016-2025 (USD Billion)
        • 9.3.11.5. Rest of Europe Smart Transformers Market Volume, by Application, 2016-2025 (K Units)
        • 9.3.11.6. Rest of Europe Smart Transformers Market Revenue, by Application, 2016-2025 (USD Billion)
    • 9.4. Asia Pacific
      • 9.4.1. Overview
      • 9.4.2. Asia Pacific Smart Transformers Market Volume, by Component, 2016-2025 (K Units)
      • 9.4.3. Asia Pacific Smart Transformers Market Revenue, by Component, 2016-2025 (USD Billion)
      • 9.4.4. Asia Pacific Smart Transformers Market Volume, by Type, 2016-2025 (K Units)
      • 9.4.5. Asia Pacific Smart Transformers Market Revenue, by Type, 2016-2025 (USD Billion)
      • 9.4.6. Asia Pacific Smart Transformers Market Volume, by Application, 2016-2025 (K Units)
      • 9.4.7. Asia Pacific Smart Transformers Market Revenue, by Application, 2016-2025 (USD Billion)
      • 9.4.8. China
        • 9.4.8.1. China Smart Transformers Market Volume, by Component, 2016-2025 (K Units)
        • 9.4.8.2. China Smart Transformers Market Revenue, by Component, 2016-2025 (USD Billion)
        • 9.4.8.3. China Smart Transformers Market Volume, by Type, 2016-2025 (K Units)
        • 9.4.8.4. China Smart Transformers Market Revenue, by Type, 2016-2025 (USD Billion)
        • 9.4.8.5. China Smart Transformers Market Volume, by Application, 2016-2025 (K Units)
        • 9.4.8.6. China Smart Transformers Market Revenue, by Application, 2016-2025 (USD Billion)
      • 9.4.9. Japan
        • 9.4.9.1. Japan Smart Transformers Market Volume, by Component, 2016-2025 (K Units)
        • 9.4.9.2. Japan Smart Transformers Market Revenue, by Component, 2016-2025 (USD Billion)
        • 9.4.9.3. Japan Smart Transformers Market Volume, by Type, 2016-2025 (K Units)
        • 9.4.9.4. Japan Smart Transformers Market Revenue, by Type, 2016-2025 (USD Billion)
        • 9.4.9.5. Japan Smart Transformers Market Volume, by Application, 2016-2025 (K Units)
        • 9.4.9.6. Japan Smart Transformers Market Revenue, by Application, 2016-2025 (USD Billion)
      • 9.4.10. India
        • 9.4.10.1. India Smart Transformers Market Volume, by Component, 2016-2025 (K Units)
        • 9.4.10.2. India Smart Transformers Market Revenue, by Component, 2016-2025 (USD Billion)
        • 9.4.10.3. India Smart Transformers Market Volume, by Type, 2016-2025 (K Units)
        • 9.4.10.4. India Smart Transformers Market Revenue, by Type, 2016-2025 (USD Billion)
        • 9.4.10.5. India Smart Transformers Market Volume, by Application, 2016-2025 (K Units)
        • 9.4.10.6. India Smart Transformers Market Revenue, by Application, 2016-2025 (USD Billion)
      • 9.4.11. Rest of Asia Pacific
        • 9.4.11.1. Rest of Asia Pacific Smart Transformers Market Volume, by Component, 2016-2025 (K Units)
        • 9.4.11.2. Rest of Asia Pacific Smart Transformers Market Revenue, by Component, 2016-2025 (USD Billion)
        • 9.4.11.3. Rest of Asia Pacific Smart Transformers Market Volume, by Type, 2016-2025 (K Units)
        • 9.4.11.4. Rest of Asia Pacific Smart Transformers Market Revenue, by Type, 2016-2025 (USD Billion)
        • 9.4.11.5. Rest of Asia Pacific Smart Transformers Market Volume, by Application, 2016-2025 (K Units)
        • 9.4.11.6. Rest of Asia Pacific Smart Transformers Market Revenue, by Application, 2016-2025 (USD Billion)
    • 9.5. Latin America
      • 9.5.1. Latin America Smart Transformers Market Volume, by Component, 2016-2025 (K Units)
      • 9.5.2. Latin America Smart Transformers Market Revenue, by Component, 2016-2025 (USD Billion)
      • 9.5.3. Latin America Smart Transformers Market Volume, by Type, 2016-2025 (K Units)
      • 9.5.4. Latin America Smart Transformers Market Revenue, by Type, 2016-2025 (USD Billion)
      • 9.5.5. Latin America Smart Transformers Market Volume, by Application, 2016-2025 (K Units)
      • 9.5.6. Latin America Smart Transformers Market Revenue, by Application, 2016-2025 (USD Billion)
      • 9.5.7. Brazil
        • 9.5.7.1. Brazil Smart Transformers Market Volume, by Component, 2016-2025 (K Units)
        • 9.5.7.2. Brazil Smart Transformers Market Revenue, by Component, 2016-2025 (USD Billion)
        • 9.5.7.3. Brazil Smart Transformers Market Volume, by Type, 2016-2025 (K Units)
        • 9.5.7.4. Brazil Smart Transformers Market Revenue, by Type, 2016-2025 (USD Billion)
        • 9.5.7.5. Brazil Smart Transformers Market Volume, by Application, 2016-2025 (K Units)
        • 9.5.7.6. Brazil Smart Transformers Market Revenue, by Application, 2016-2025 (USD Billion)
      • 9.5.8. Rest of Latin America
        • 9.5.8.1. Rest of Latin America Smart Transformers Market Volume, by Component, 2016-2025 (K Units)
        • 9.5.8.2. Rest of Latin America Smart Transformers Market Revenue, by Component, 2016-2025 (USD Billion)
        • 9.5.8.3. Rest of Latin America Smart Transformers Market Volume, by Type, 2016-2025 (K Units)
        • 9.5.8.4. Rest of Latin America Smart Transformers Market Revenue, by Type, 2016-2025 (USD Billion)
        • 9.5.8.5. Rest of Latin America Smart Transformers Market Volume, by Application, 2016-2025 (K Units)
        • 9.5.8.6. Rest of Latin America Smart Transformers Market Revenue, by Application, 2016-2025 (USD Billion)
    • 9.6. The Middle East and Africa
      • 9.6.1. The Middle East and Africa Smart Transformers Market Volume, by Component, 2016-2025 (K Units)
      • 9.6.2. The Middle East and Africa Smart Transformers Market Revenue, by Component, 2016-2025 (USD Billion)
      • 9.6.3. The Middle East and Africa Smart Transformers Market Volume, by Type, 2016-2025 (K Units)
      • 9.6.4. The Middle East and Africa Smart Transformers Market Revenue, by Type, 2016-2025 (USD Billion)
      • 9.6.5. The Middle East and Africa Smart Transformers Market Volume, by Application, 2016-2025 (K Units)
      • 9.6.6. The Middle East and Africa Smart Transformers Market Revenue, by Application, 2016-2025 (USD Billion)
  •  
  • Chapter 10. Company Profiles
    • 10.1. Cree
      • 10.1.1. Overview
      • 10.1.2. Financials
      • 10.1.3. Product Portfolio
      • 10.1.4. Business Strategy
      • 10.1.5. Recent Developments
    • 10.2. ABB
      • 10.2.1. Overview
      • 10.2.2. Financials
      • 10.2.3. Product Portfolio
      • 10.2.4. Business Strategy
      • 10.2.5. Recent Developments
    • 10.3. Howard Industries
      • 10.3.1. Overview
      • 10.3.2. Financials
      • 10.3.3. Product Portfolio
      • 10.3.4. Business Strategy
      • 10.3.5. Recent Developments
    • 10.4. Eaton Corporation
      • 10.4.1. Overview
      • 10.4.2. Financials
      • 10.4.3. Product Portfolio
      • 10.4.4. Business Strategy
      • 10.4.5. Recent Developments
    • 10.5. Alstom
      • 10.5.1. Overview
      • 10.5.2. Financials
      • 10.5.3. Product Portfolio
      • 10.5.4. Business Strategy
      • 10.5.5. Recent Developments
    • 10.6. Schneider Electric
      • 10.6.1. Overview
      • 10.6.2. Financials
      • 10.6.3. Product Portfolio
      • 10.6.4. Business Strategy
      • 10.6.5. Recent Developments
    • 10.7. General Electric
      • 10.7.1. Overview
      • 10.7.2. Financials
      • 10.7.3. Product Portfolio
      • 10.7.4. Business Strategy
      • 10.7.5. Recent Developments
    • 10.8. Crompton Greaves
      • 10.8.1. Overview
      • 10.8.2. Financials
      • 10.8.3. Product Portfolio
      • 10.8.4. Business Strategy
      • 10.8.5. Recent Developments
    • 10.9. Siemens
      • 10.9.1. Overview
      • 10.9.2. Financials
      • 10.9.3. Product Portfolio
      • 10.9.4. Business Strategy
      • 10.9.5. Recent Developments
    • 10.10. Mitsubishi Electric
      • 10.10.1. Overview
      • 10.10.2. Financials
      • 10.10.3. Product Portfolio
      • 10.10.4. Business Strategy
      • 10.10.5. Recent Developments

Methodology

Free Analysis

Smart transformers are solid-state transformers that perform an administrative role in the electric distribution grid. Smart transformers are an integral part of a smart grid. Smart transformers and smart grid work individually to constantly control voltage and keep interaction through the smart grid according to permit remote administration. Smart transformers are used for traction locomotive, smart grid, electric vehicle charging, and other applications.

The global smart transformers market is experiencing significant growth currently, which is expected to continue over the upcoming years as well. The rapid digitalization of power utilities is likely to act as the key growth driver of the smart transformers market. The growing awareness about energy sources and aging infrastructure and technological advancements are expected to further fuel the global smart transformers market over the forecast time period. Rapid urbanization and improving living standards of the global population are also expected to support the demand for smart transformers in the years ahead. However, huge initial investments for the installation of smart transformers may hamper the growth of the global smart transformers market. Alternatively, the flourishing electric vehicle market in emerging countries is likely to create new growth opportunities for the major players of the smart transformers market.

Global Smart Transformers Market

The global smart transformers market is mainly fragmented based on component, type, and application. By component, the global smart transformers market includes switches, converters, hardware for transformer monitoring, transformers. The converters segment registered the fastest growth rate in the global market and accounted for a significant share in 2018. By type, the global smart transformers market includes distribution transformers, power transformers, instrument transformers, and specialty transformers. The distribution transformers segment held a major share in 2018. By application, the global smart transformers market is mainly categorized into smart grid, electric vehicle charging, traction locomotive, and others. In 2018, the smart grid segment led the global smart transformers market.

In 2018, the Asia Pacific region was the largest smart transformers market globally. This growth was mainly attributed to the rising adoption of renewable power sources, such as wind and solar energy and traction locomotives in the region. Moreover, the Asia Pacific region is anticipated to be the fastest growing market for smart transformers over the next few years, owing to the rising urbanization and swift industrialization across the region. North America and Europe closely followed the Asia Pacific region in 2018.

The major players of the global smart transformers market are Cree, ABB, Howard Industries, Eaton Corporation, Alstom, Schneider Electric, General Electric, Crompton Greaves, Siemens, and Mitsubishi Electric.

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