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The Smart Transformers market size will grow from USD 1.49 Billion in 2017 to USD 2.74 Billion by 2023, at an estimated CAGR of 10.59%. The base year considered for the study is 2017, and the market size is projected from 2018 to 2023.

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This growth can be attributed to the increasing power demand, increasing emphasis on alternative energy production across the globe, improving and evolving technologies, digitalization of power utilities, investments in smart grids and energy systems, and revamping of old T&D infrastructure. The smart transformers market, by type, is segmented into power transformers, distribution transformers, specialty transformers, and instrument transformers. The distribution transformers segment is estimated to be the fastest growing smart transformer, in 2018.  A distribution transformer is essential for proper load management, resulting in better power quality and less power outages.

By Market Players:

ABB , Siemens , Schneider Electric , Eaton , GE , Wilson Transformer , Mitsubishi Electric , Bhel , CG Power , Gridco , Howard Industries , SPX Transformer,

By Type

Power Transformers , Distribution Transformers , Specialty Transformers , Instrument Transformers,

By Component

Converters , Switches , Transformers , Hardware for Transformer Monitoring , Others 

By Application

Traction Locomotive, Smart Grid , Electric Vehicle Charging , Others,

The prime objective of this report is to help the user understand the market in terms of its definition, segmentation, market potential, influential trends, and the challenges that the market is facing. Deep researches and analysis were done during the preparation of the report. The readers will find this report very helpful in understanding the market in depth. The data and the information regarding the market are taken from reliable sources such as websites, annual reports of the companies, journals, and others and were checked and validated by the industry experts. The facts and data are represented in the report using diagrams, graphs, pie charts, and other pictorial representations. This enhances the visual representation and also helps in understanding the facts much better.

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Points Covered in The Report:

The points that are discussed within the report are the major market players that are involved in the market such as manufacturers, raw material suppliers, equipment suppliers, end users, traders, distributors and etc.

The complete profile of the companies is mentioned. And the capacity, production, price, revenue, cost, gross, gross margin, sales volume, sales revenue, consumption, growth rate, import, export, supply, future strategies, and the technological developments that they are making are also included within the report. The historical data from 2012 to 2017 and forecast data from 2018 to 2023.

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