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(IT-NEWSWIRE.COM, October 25, 2019 ) Market Overview:
It continually regulates the voltage and maintains contact with the grid, allows remote administration and provides information and feedback about the power supply. Smart transformers protect electrical equipment from power fluctuations; reduce energy consumption and greenhouse emissions, and improve the efficiency of electrical appliances. It is ecofriendly and enables users to save money by utilizing energy efficiently.
Market Dynamics:
The high demand for smart grid technology, the increasing focus on-load voltage regulation and aging power infrastructure in North American & European regions, are some of the factors which are expected to propel the demand of Smart Transformers.
Also, in developing regions like Asia-Pacific, the demand for smart transformers is high due to a high rate of industrialization and urbanization.
Market Segmentation:
The Smart Transformers Market report segments the market by type and application. Transformers type includes Power, Distribution, Instrument, and Specialty. Power Transformers are expected to dominate the market because of the increase in demand of electric supply.
Power smart transformers are used in the transmission networks and integration of the distributed renewable power generators. Monitoring and controlling the power flow in real-time is achieved through the intelligent transformers, benefiting the development of smart transmission & distribution networks.
Based on Application, the market can be classified as Smart Grids, Traction Locomotive, Electric Vehicle Charging and Others. Smart Grids is the largest segment in applications.
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Geographical Analysis:
Geographically, the market is divided into North America, Europe, South America, Asia-Pacific and the Middle East and Africa.
The smart transformers market is estimated to grow briskly in APAC region because of the rapid urbanization in the countries like China and India, which is resulting in the growing demand for electric power which in turn will drive the need for smart transformers in the nearby future.
Currently, North America has a high demand for smart grids. North America, being a mature market already, the need for intelligent transformers is driven by the aging power transmission & distribution infrastructure.
Competitive Analysis:
Some of the leading players of the market which include ABB, WEG, Hammond Power Solutions Inc., CG Global, Eaton, General Electric, Mitsubishi Electric Power Products Inc. (MEPPI), Schneider Electric, Siemens AG, SPX Transformer Solu-tions Inc.
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Sai Kiran
Sales Manager at Data M Intelligence
Email: pr@datamintelligence.com
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DataM Intelligence
Sai Kiran
+1 877 441 4866
pr@datamintelligence.com
Source: EmailWire.Com 
Source: EmailWire.com
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