DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Global Smart Transformer Market Insights, Opportunity Analysis, Market Shares and Forecast, 2016 - 2022" report to their offering.
The global smart transformer market is predictable to grow from total $903.7 Million market in 2015 to $2,545.8 Million in 2022, at a CAGR of 19.9% for year 2016-2022.
A major penetration of renewable energy generation into the current generation combined in the next few years is likely to cause the growth in solid state transformers (SST) market. These kind of transformers, made of mainly power electronics based components which can also be referred to a type of power device and these devices are extremely active in regulating the magnitude of voltage, current or incidence according to the application wise necessities. Technology proliferation in power electronics has meaningfully reduced the scope of these transformers henceforth making them more flexible device for customer use.
A number of market drivers, specially, major capacity addition and fixing of renewable generation capacity is supporting the solid state transformers market. Major initiatives are underway to bring the SST's from prototyping and investigation phases to profitable deployment and installation stage. These solid state transformers are probable to replace or temporarily replace the erstwhile distribution transformers which are being used currently.
Smart grid expenses are the uppermost in the Asia-Pacific region, especially in China which accounts for about a quarter of the total global investment. As the smart transformer technology reaches its profitable phase, adoption is likely to be seen in the Asia Pacific region.
Companies Mentioned:
- Abb Ltd.
- Alstom Sa
- Amantys Limited
- Cooper Power Systems
- Crompton Greaves Ltd.
- Eaton Corporation Plc
- General Electric Co.
- Grid Bridge, Inc.
- Howard Industries, Inc. Infineon Technologies Ag
- Maschinenfabrik Reinhausen (Mr)
- Mitsubishi Electric Corporation
- Schneider Electric Se
- Seimens Ag
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Varentec, Inc.
Key Topics Covered:
1. Introduction
2. Market Overview
3. Market Determinants
4. Market Segmentation
5. Geographic Analysis
6. Company Profiling
For more information about this report visit http://www.researchandmarkets.com/research/tjrpl6/global_smart
