The Asia - Pacific Smart Transformers Market has been estimated at USD XX billion in 2015 and is projected to reach USD XX billion by 2020, at a CAGR of 20.2% during the forecast period from 2015 to 2020. Smart Transformers are one of the ten most important emerging technologies of the last twelve months. A Smart Transformer is a collection of high-powered semiconductor components, conventional high-frequency transformers and control circuitry with communication ability that is used to provide a high level of flexible control to power distribution networks. Smart transformers both work independently to constantly regulate voltage and maintain contact with the smart grid in order to allow remote administration if needed and to provide information and feedback about the power supply and the transformers themselves.
Through a process known as voltage optimization, a smart transformer provides the exact amount of power that is needed, and responds instantly to fluctuations within the power grid, acting as a voltage regulator to ensure that the optimized voltage is undisturbed. Because they directly reduce energy consumption, smart transformers therefore directly reduce greenhouse gas emissions as well. This makes them an important part of any energy retrofit or lighting retrofit.
While smart transformers immediately reduce power consumption by providing a stable, optimal power supply that supplies electrical equipment with its ideal voltage, they also protect electrical equipment from power fluctuations – thereby helping electrical equipment last longer.
This market is driven by a number of factors, such as the increasing rate of Industrialization, the constantly growing demand for Power, Changing Power Consumption Patterns by households and corporations all over the world.
This market can be broadly segmented on the basis of Application and Type of the Transformers. This technology has applications in Smart Grid, Traction Locomotives and other small segments. On the basis of type the market can be further segmented into Distribution Transformer, Power Transformer and Instrument Transformer.
The market has also been geographically segmented into China, India and the Rest of Asia Pacific. Furthermore, the statistics in each of the countries in the region leading in the market have been covered.
The market has more relevance today since the need to address the changing power consumption patterns need to be addressed very carefully to balance the need and the safety of the Environment at the same time. The major companies dominating this market for its products, services, and continuous product developments are ABB, Alstom, Cooper Power Systems, Crompton Greaves, Eaton, GE, Gridco Systems, Howard Industries, Mitsubishi Electric, Schneider Electric, Siemens AG, Spx Transformer Solutions.
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