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ASIA PACIFIC SMART TRANSFORMERS MARKET FORECAST 2019-2027

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ASIA PACIFIC SMART TRANSFORMERS MARKET FORECAST 2019-2027

Smart transformers are premeditated to provide a voltage optimized power supply to address the energy requirement of any facility or public arenas, which leads to the large commercial facilities heavy dependency on these devices for more efficient power supply and effective cost reduction. The APAC smart transformers market is expected to propel at a CAGR of 9.89% from 2019 to 2027.

ASIA PACIFIC SMART TRANSFORMERS MARKET FORECAST 2019-2027

Asia Pacific Smart Transformers Market  by Type (Distribution Transformer, Instrument Transformer, Power Transformer, Specialty Transformer) by Component (Converter, Switch, Other Components)  by Application (Electric Vehicle Charging Station, Power Grid, Traction Locomotives, Alternative Power Generation) by Geography.

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Smart transformers are premeditated to provide a voltage optimized power supply to address the energy requirement of any facility or public arenas, which leads to the large commercial facilities heavy dependency on these devices for more efficient power supply and effective cost reduction. These devices comply with regulatory standards and propel increasing demand for green energy, which has fuelled the growth of smart transformers market in the emerging markets of the Asia Pacific. The APAC smart transformers market is expected to propel at a CAGR of 9.89% from 2019 to 2027.

The countries of India, China, Japan, Australia, South Korea and the Rest of Asia Pacific are considered for the market study. The industrialization and growing urbanization, conversion of distribution equipment and power shortage are driving the adoption of smart transformers in the smart transformers market in the Asia-Pacific region. The traditional transformers employ electronic circuits and memory components to uniquely decide the actual power which is consumed in any application and preserve rest for other applications, making it a smart transformer. Hence, this particular smart transformer is the most adopted one in the market.

Since notable initial capital investment is required for the set-up of a manufacturing facility for smart transformers and therefore, there’s minimal risk of new players entering the market. Some of these primary operating companies in the APAC smart transformers market are Crompton Greaves Ltd., Mitsubishi Electric Corporation, Bharat Heavy Electricals Limited, Schneider Electric SE, Howard Industries, Inc., Tesla Transformers Ltd., Eaton Corporation PLC, ABB Ltd., SPX Transformer Solutions, General Electric Co., Siemens AG and Maschinenfabrik Reinhausen GmbH.

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    1. RESEARCH SCOPE
      • STUDY GOALS
      • SCOPE OF THE MARKET STUDY
      • WHO WILL FIND THIS REPORT USEFUL?
      • STUDY AND FORECASTING YEARS
    2. RESEARCH METHODOLOGY
      • SOURCES OF DATA
        • SECONDARY DATA
        • PRIMARY DATA
      • TOP-DOWN APPROACH
      • BOTTOM-UP APPROACH
      • DATA TRIANGULATION
    3. EXECUTIVE SUMMARY
      • MARKET SUMMARY
      • KEY FINDINGS
        • POWER GRID IS THE DOMINANT APPLICATION
        • DEMAND FOR CONVERTER IS EXPECTED TO BE HIGH OVER THE FORECAST PERIOD
        • POWER TRANSFORMER IS LARGEST CONTRIBUTOR TO SMART TRANSFORMER MARKET
    1. MARKET DYNAMICS
      • MARKET DEFINITION & SCOPE
      • MARKET DRIVERS
        • RISE IN INDUSTRIAL GROWTH
        • TIMEWORN INFRASTRUCTURE LEADING TO INVESTMENT IN SMART GRIDS
        • HIGHER CONSUMPTIONS PATTERN IN HIGH GROWTH REGIONS
        • RISING PRODUCTION OF ELECTRICITY
        • COMPLIANCE WITH REGULATORY STANDARDS
        • GREEN ENERGY DEMAND ON THE RISE
      • MARKET RESTRAINTS
        • INFRASTRUCTURE COST
        • FLUCTUATION IN RAW MATERIAL PRICES
      • MARKET OPPORTUNITIES
        • RISE IN SALES OF HYBRID AND ELECTRIC VEHICLE
        • NEED FOR RELIABLE ERROR-FREE NETWORK
        • INCREASING POWER SECTOR REFORMS IN DEVELOPING REGIONS
      • MARKET CHALLENGES
        • LARGE INITIAL INVESTMENTS
    1. MARKET BY TYPE
      • DISTRIBUTION TRANSFORMER
      • INSTRUMENT TRANSFORMER
      • POWER TRANSFORMER
      • SPECIALTY TRANSFORMER
    2. MARKET BY COMPONENT
      • CONVERTER
      • SWITCH
      • OTHER COMPONENTS
    3. MARKET BY APPLICATION
      • ELECTRIC VEHICLE CHARGING STATION
      • POWER GRID
      • TRACTION LOCOMOTIVES
      • ALTERNATIVE POWER GENERATION
        • SOLAR POWER
        • WIND POWER
        • OTHER POWER
    1. KEY ANALYTICS
      • PORTER’S FIVE FORCE MODEL
        • THREAT OF NEW ENTRANTS
        • THREAT OF SUBSTITUTE
        • BARGAINING POWER OF SUPPLIERS
        • BARGAINING POWER OF BUYERS
        • THREAT OF COMPETITIVE RIVALRY
      • OPPORTUNITY MATRIX
      • VENDOR LANDSCAPE
      • KEY BUYING CRITERIA
    2. GEOGRAPHICAL ANALYSIS
      • ASIA PACIFIC
        • INDIA
        • CHINA
        • JAPAN
        • SOUTH KOREA
        • AUSTRALIA
        • REST OF ASIA PACIFIC (RoAPAC)
    1. COMPETITIVE LANDSCAPE
      • MARKET SHARE ANALYSIS
      • COMPANY PROFILE
        • ABB LTD.
        • CROMPTON GREAVES LTD.
        • EATON CORPORATION PLC
        • GENERAL ELECTRIC CO.
        • HOWARD INDUSTRIES, INC.
        • MITSUBISHI ELECTRIC CORPORATION
        • SCHNEIDER ELECTRIC SE
        • SIEMENS AG
        • SPX TRANSFORMER SOLUTIONS
        • BHARAT HEAVY ELECTRICALS LIMITED
        • MASCHINENFABRIK REINHAUSEN GMBH
        • TESLA TRANSFORMERS LTD.

    LIST OF TABLES  

    TABLE 1 ASIA PACIFIC SMART TRANSFORMERS MARKET, BY COUNTRY, 2019-2027, (IN $ MILLION)

    TABLE 2 ASIA PACIFIC SMART TRANSFORMERS MARKET, BY TYPE, 2019-2027, (IN $ MILLION)

    TABLE 3 ASIA PACIFIC SMART TRANSFORMERS MARKET, BY COMPONENT, 2019-2027, (IN $ MILLION)

    TABLE 4 ASIA PACIFIC SMART TRANSFORMERS MARKET, BY APPLICATION, 2019-2027, (IN $ MILLION)

    TABLE 5 ASIA PACIFIC ALTERNATIVE POWER GENERATION MARKET, BY SEGMENTS, 2019-2027, (IN $ MILLION)

    TABLE 6 OPPORTUNITY MATRIX

    TABLE 7 VENDOR LANDSCAPE

    TABLE 8 ASIA PACIFIC SMART TRANSFORMERS MARKET, BY COUNTRY, 2019-2027 (IN $ MILLION)

    LIST OF FIGURES 

    FIGURE 1 ASIA PACIFIC SMART TRANSFORMERS MARKET SHARE, BY APPLICATION 2018 & 2027 (%)

    FIGURE 2 POWER GRID MARKET, 2019 – 2027 (IN $ MILLION)

    FIGURE 3 CONVERTER MARKET, 2019 – 2027 (IN $ MILLION)

    FIGURE 4 POWER SMART TRANSFORMERS MARKET ($ MILLION)

    FIGURE 5 RISING PRODUCTION OF ELECTRICITY IN TRILLION KWH

    FIGURE 6 ASIA PACIFIC SMART TRANSFORMERS MARKET, BY ELECTRIC VEHICLE CHARGING STATION, 2019-2027, (IN $ MILLION)

    FIGURE 7 ASIA PACIFIC SMART TRANSFORMERS MARKET, BY POWER GRID, 2019-2027, (IN $ MILLION)

    FIGURE 8 ASIA PACIFIC SMART TRANSFORMERS MARKET, BY TRACTION LOCOMOTIVES, 2019-2027, (IN $ MILLION)

    FIGURE 9 ASIA PACIFIC SMART TRANSFORMERS MARKET, BY ALTERNATIVE POWER GENERATION, 2019-2027, (IN $ MILLION)

    FIGURE 10 ASIA PACIFIC SMART TRANSFORMERS MARKET, BY SOLAR POWER, 2019-2027, (IN $ MILLION)

    FIGURE 11 ASIA PACIFIC SMART TRANSFORMERS MARKET, BY WIND POWER, 2019-2027, (IN $ MILLION)

    FIGURE 12 ASIA PACIFIC SMART TRANSFORMERS MARKET, BY OTHER POWER, 2019-2027, (IN $ MILLION)

    FIGURE 13 PORTER’S FIVE FORCE MODEL

    FIGURE 14 KEY BUYING CRITERIA FOR SMART TRANSFORMERS, 2019 & 2027

    FIGURE 15 ASIA PACIFIC SMART TRANSFORMERS MARKET, REGIONAL OUTLOOK, 2018 & 2027, (%)

    FIGURE 16 INDIA SMART TRANSFORMERS MARKET, 2019-2027 (IN $ MILLION)

    FIGURE 17 CHINA SMART TRANSFORMERS MARKET, 2019-2027 (IN $ MILLION)

    FIGURE 18 JAPAN SMART TRANSFORMERS MARKET, 2019-2027 (IN $ MILLION)

    FIGURE 19 SOUTH KOREA SMART TRANSFORMERS MARKET, 2019-2027 (IN $ MILLION)

    FIGURE 20 AUSTRALIA SMART TRANSFORMERS MARKET, 2019-2027 (IN $ MILLION)

    FIGURE 21 REST OF ASIA PACIFIC SMART TRANSFORMERS MARKET, 2019-2027 (IN $ MILLION)

    FIGURE 22 MARKET SHARE ANALYSIS OF SMART TRANSFORMERS MARKET (2018)

    1. GEOGRAPHICAL ANALYSIS
      • ASIA PACIFIC
        • INDIA
        • CHINA
        • JAPAN
        • SOUTH KOREA
        • AUSTRALIA
        • REST OF ASIA PACIFIC (RoAPAC)
    1. MARKET BY TYPE
      • DISTRIBUTION TRANSFORMER
      • INSTRUMENT TRANSFORMER
      • POWER TRANSFORMER
      • SPECIALTY TRANSFORMER
    2. MARKET BY COMPONENT
      • CONVERTER
      • SWITCH
      • OTHER COMPONENTS
    3. MARKET BY APPLICATION
      • ELECTRIC VEHICLE CHARGING STATION
      • POWER GRID
      • TRACTION LOCOMOTIVES
      • ALTERNATIVE POWER GENERATION
        • SOLAR POWER
        • WIND POWER
        • OTHER POWER

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