Smart transformer market is anticipated to grow at a CAGR of 11.5% during the forecast period (2024-2031). Smart transformers are traditional transformers incorporated with sensing, monitoring, and control features empowering them to operate more effectively and independently. The market growth is expected to be driven by the increasing adoption & deployment of alternative energy network deployment. The integration of smart transformers in smart grids, growing investment in grid modernization, decentralizing of distribution systems, and advancement in relative technology are other contributors to the global market growth.
Get Free Sample link @ https://www.omrglobal.com/request-sample/smart-transformer-market
The global energy generation and distribution industry is going through a transformational phase of upgrading and deploying modern grid infrastructure to counter the aging grid network issue. The collective efforts of modernizing grid infrastructure are expected to increase investments in smart transformer deployment, which is essential for creating more flexible and adaptive power grids. For instance, in October 2023, the Georgia Environmental Finance Authority and the Family of Companies that support Georgia electric cooperatives announced working together on a transformative project that will benefit communities across the state by increasing reliability and lowering costs, with an estimated investment of over $507.0 million. The project will modernize the smart grid infrastructure by investing in battery storage, local microgrids, grid resilience, and new transmission lines.
full report of Smart Transformer Market available @ https://www.omrglobal.com/industry-reports/smart-transformer-market
- Market Coverage
- Market number available for – 2024-2031
- Base year- 2024
- Forecast period- 2024-2031
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Market Segmentation
Global Smart Transformer Market by Type
- Power Transformer
- Distribution Transformer
- Specialty Transformer
- Instrument Transformer
Global Smart Transformer Market by Application
- Smart Grid
- Locomotives
- Electric Vehicle Infrastructure
Regional Analysis
- North America
- United States
- Canada
- Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
- Rest of the World
- Latin America
- Middle East and Africa
Company Profiles
- ALSTOM SA
- Bharat Heavy Electricals Ltd.
- CG Power & Industrial Solutions Ltd.
- Eaton Corp.
- Emerson Electric Co.
- Huawei Technologies Co., Ltd.
- Maschinenfabrik Reinhausen GmbH
- Powerstar (EMSc (UK) Ltd.)
- PROLEC ENERGY
- PVJ Power
- Schneider Electric SE
- SPX Corp.
- VELATIA (Ormazabal)
The Report Covers
- Market value data analysis of 2023 and forecast to 2031.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global smart transformer market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
For More Customized Data, Request for Report Customization @ https://www.omrglobal.com/report-customization/smart-transformer-market
About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. The company also offer Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies.
Media Contact:
Company Name: Orion Market Research
Contact Person: Mr. Anurag Tiwari
Email: info@omrglobal.com
Contact no: +91 780-304-0404
