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NORTH AMERICA SMART TRANSFORMERS MARKET FORECAST 2019-2027

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NORTH AMERICA SMART TRANSFORMERS MARKET FORECAST 2019-2027

 The North America smart transformers market is expected to grow at a CAGR of 8.39% during the forecast period 2019-2027. The increase in electricity production that requires more use of transformers for proper distribution has increased the demand for smart transformers in the region. The countries analyzed for this region include the United States and Canada who are the major contributors by revenue to the global market.

NORTH AMERICA SMART TRANSFORMERS MARKET FORECAST 2019-2027

North America 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 can respond to fluctuations within the power grid instantly acting as voltage regulators and directly reducing energy consumption to ensure that the optimized voltage is undisturbed. They immediately reduce power consumption by providing a stable and optimal power supply that supplies the electrical equipment with ideal voltage. The North America smart transformers market is expected to grow at a CAGR of 8.39% during the forecast period 2019-2027. The increase in electricity production that requires more use of transformers for proper distribution has increased the demand for smart transformers in the region.

The countries analyzed for this region include the United States and Canada who are the major contributors by revenue to the global market. Increasing power demand, expanding power transmission & distribution networks, and growing need to improve the efficiency of grids and reduce wastage of electricity would fuel the growth of the smart transformer market. Smart transformers are used in smart grids to regulate power supply and monitor power outage. Increasing consumption of electricity in Canada and the U.S. have boosted the adoption of solid-state transformers in North America. The market is divided on the basis of type, component and application. Smart transformers have overcome the shortcomings of traditional transformers in terms of reliability, security and effective transmission. At present, the distribution transformers exhibit captures the largest share for the market.

The competing players who are eminent in the North American region are Tesla Transformers Ltd., Schneider Electric SE, Maschinenfabrik Reinhausen GmbH, Howard Industries, Inc., Crompton Greaves Ltd., Mitsubishi Electric Corporation, General Electric Co., Bharat Heavy Electricals Limited, Siemens AG, ABB Ltd., SPX Transformer Solutions and Eaton Corporation PLC.

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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 THE 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
      • 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
      • NORTH AMERICA
        • UNITED STATES
        • CANADA
    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 NORTH AMERICA SMART TRANSFORMERS MARKET, BY COUNTRY, 2019-2027, (IN $ MILLION)

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

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

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

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

    TABLE 6 OPPORTUNITY MATRIX

    TABLE 7 VENDOR LANDSCAPE

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

    LIST OF FIGURES 

    FIGURE 1 NORTH AMERICA 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 NORTH AMERICA SMART TRANSFORMERS MARKET, BY ELECTRIC VEHICLE CHARGING STATION, 2019-2027, (IN $ MILLION)

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

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

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

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

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

    FIGURE 12 NORTH AMERICA 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 NORTH AMERICA SMART TRANSFORMERS MARKET, REGIONAL OUTLOOK, 2018 & 2027, (%)

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

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

    FIGURE 18 MARKET SHARE ANALYSIS OF SMART TRANSFORMERS MARKET (2018)

    1. GEOGRAPHICAL ANALYSIS
      • NORTH AMERICA
        • UNITED STATES
        • CANADA
    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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