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US Smart Transformers Market Research Report Forecast to 2030

Publisher Market Research Future
Published Apr 02, 2024
Length 83 Pages
SKU # RESFT18690689

Description

US Smart Transformers Market Research Report Forecast to 2030


The US smart transformer market was valued at USD 1,005.5 million in 2022 and is projected to reach USD 2,275.5 million by the end of 2030, at a CAGR of 11.4% during the forecast period. The key factor driving the growth of the US smart transformer is the growing emphasis on the modernization of power grids and the transition towards the smart grids. The increasing population, urbanization and industrialization is creating the need for advanced technologies to optimize the power distribution and the effectiveness of smart transformers in helping in addressing the challenges associated with the growing energy demand. The utilities and energy companies are focusing on improving the energy efficiency for reducing the losses and enhancing the overall performance of the system. This factor is further driving the market growth of smart transformers owing to their excellent capabilities that help in enhancing the system efficiency.

A smart transformer is a technologically advanced and highly efficient electrical device which is designed to enhance the performance, control and monitoring of power distribution. Unlike traditional transformers, smart transformers integrate innovative technologies and communication capabilities to optimize the energy flow, improve reliability and enable real time data driven decision making. Also, the advanced monitoring capabilities of smart transformers enable self-diagnosis of potential issues. Smart transformers contribute to the efficient energy distribution by regulating the voltage levels, minimizing the losses, and accommodating the bidirectional power flow. The ability of smart transformers to actively manage and respond to the changing grid conditions makes them an important component in the evolution towards the smart grids.

Market Segmentation

The US smart transformers market has been segmented by type, component, and application. Based on type, the US smart transformers market has been segmented into power transformers, distribution transformers, specialty transformers and instrument transformers.

The US smart transformers market, according to component, has been segmented into converters, switches, transformers, hardware, and others.

Based on application, the US smart transformers market is segmented into traction locomotive, smart grid, electric vehicle charging and others.

The key market players are ABB, Eaton, Schneider Electric SE, General Electric, Mitsubishi Electric, Siemens Energy, ELSCO Transformers, Hitachi Energy, Toshiba Corporation, and Virginia Transformer Corp.

Table of Contents

83 Pages
1 Executive Summary
1.1 Us Smart Transformers Market, By Type
1.2 Us Smart Transformers Market, By Component
1.3 Us Smart Transformers Market, By Application
2 Market Introduction
2.1 Definition
2.2 Scope Of The Study
2.3 Market Structure
3 Research Methodology
3.1 Research Process
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
3.5 Top-down And Bottom-up Approach
3.6 Forecast Model
3.7 List Of Assumptions & Limitations
4 Market Dynamics
4.1 Introduction
4.2 Drivers
4.2.1 Increasing Focus On Alternative Energy Production
4.2.2 Increasing Demand For Smart Grids
4.2.3 Drivers Impact Analysis
4.3 Restraint
4.3.1 High Initial Cost Incurred In The Installation Of Smart Transformers
4.3.2 Restraint Impact Analysis
4.4 Opportunity
4.4.1 Growth Of The Electric Vehicle Market And The Allied Infrastructure
5 Market Factor Analysis
5.1 Supply Chain Analysis
5.1.1 Research And Development
5.1.2 Raw Material Supply
5.1.3 Manufacturers
5.1.4 Distribution Channel
5.1.5 End-use Industries
5.2 Porter’s Five Forces Model
5.2.1 Threat Of New Entrants
5.2.2 Threat Of Substitutes
5.2.3 Bargaining Power Of Suppliers
5.2.4 Bargaining Power Of Buyers
5.2.5 Intensity Of Rivalry
5.3 Impact Of Covid 19 On Energy & Power Market
5.3.1 Impact On Overall Energy & Power Industry
5.3.1.1 Economic Impact
5.3.2 Impact On Smart Transformers Market
5.3.3 Impact On Supply Chain Of Smart Transformers Market
5.3.3.1 Price Variation Of Key Raw Material
5.3.3.2 Production Shutdown
5.3.3.3 Cash Flow Constraints
5.3.3.4 Impact On Import/Export
5.3.4 Impact On Market Demand Of Smart Transformers Market
5.3.4.1 Impact Due To Restriction/Lockdown
5.3.4.2 Consumer Sentiments
5.3.5 Impact On Pricing Of Smart Transformers Market
6 Us Smart Transformer Market, By Type
6.1 Overview
6.1.1 Us Smart Transformer: Market Estimates & Forecast By Type, 2019–2030
6.2 Power Transformers
6.3 Distribution Transformers
6.4 Specialty Transformers
6.5 Instrument Transformers
7 Us Smart Transformer Market, By Component
7.1 Overview
7.1.1 Us Smart Transformer: Market Estimates & Forecast By Component, 2019–2030
7.2 Converters
7.3 Switches
7.4 Transformers
7.5 Hardware
7.6 Others
8 Us Smart Transformer Market, By Application
8.1 Overview
8.1.1 Us Smart Transformer: Market Estimates & Forecast By Application, 2019–2030
8.2 Traction Locomotive
8.3 Smart Grid
8.4 Electric Vehicle Charging
8.5 Others
9.2 Major Growth Strategies In The Us Smart Transformers Market
9.3 Market Share Analysis, 2022
9.4 Competitive Dashboard
9.5 The Leading Player In Terms Of Number Of Developments In Us Smart Transformers Market
9.6 Key Developments & Growth Strategies
9.6.1 New Product Development
9.6.2 Mergers & Acquisitions
9.6.3 Contracts & Agreements
9.6.4 Expansions & Investments
10 Company Profiles
10.1 Abb
10.1.1 Company Overview
10.1.2 Financial Overview
10.1.3 Products Offered
10.1.4 Key Developments
10.1.5 Swot Analysis
10.1.6 Key Strategies
10.2 Eaton
10.2.1 Company Overview
10.2.2 Financial Overview
10.2.3 Products Offered
10.2.4 Key Developments
10.2.5 Swot Analysis
10.2.6 Key Strategies
10.3 Schneider Electric Se
10.3.1 Company Overview
10.3.2 Financial Overview
10.3.3 Products Offered
10.3.4 Key Developments
10.3.5 Swot Analysis
10.3.6 Key Strategies
10.4 General Electric
10.4.1 Company Overview
10.4.2 Financial Overview
10.4.3 Products Offered
10.4.4 Key Developments
10.4.5 Swot Analysis
10.4.6 Key Strategies
10.5 Mitsubishi Electric
10.5.1 Company Overview
10.5.2 Financial Overview
10.5.3 Products Offered
10.5.4 Key Developments
10.5.5 Swot Analysis
10.5.6 Key Strategies
10.6 Siemens Energy
10.6.1 Company Overview
10.6.2 Financial Overview
10.6.3 Products Offered
10.6.4 Key Developments
10.6.5 Swot Analysis
10.6.6 Key Strategies
10.7 Elsco Transformers
10.7.1 Company Overview
10.7.2 Financial Overview
10.7.3 Products Offered
10.7.4 Key Developments
10.7.5 Swot Analysis
10.7.6 Key Strategies
10.8 Hitachi Energy
10.8.1 Company Overview
10.8.2 Financial Overview
10.8.3 Products Offered
10.8.4 Key Developments
10.8.5 Swot Analysis
10.8.6 Key Strategies
10.9 Toshiba Corporation
10.9.1 Company Overview
10.9.2 Financial Overview
10.9.3 Products Offered
10.9.4 Key Developments
10.9.5 Swot Analysis
10.9.6 Key Strategies
10.10 Virginia Transformer Corp.
10.10.1 Company Overview
10.10.2 Financial Overview
10.10.3 Products Offered
10.10.4 Key Developments
10.10.5 Swot Analysis
10.10.6 Key Strategies
11 Appendix
11.1 References
11.2 Related Reports
List Of Tables
Table 1 List Of Assumptions & Limitations
Table 2 Us Smart Transformer Market Estimates & Forecast, By Type, 2019–2030 (Usd Million)
Table 3 Us Smart Transformer Market Estimates & Forecast, By Component, 2019–2030 (Usd Million)
Table 4 Us Smart Transformer Market Estimates & Forecast, By Application, 2019–2030 (Usd Million)
Table 5 The Most Active Player In The Us Smart Transformers Market
Table 6 New Product Development
Table 7 Mergers & Acquisitions
Table 8 Contracts & Agreements
Table 9 Expansions & Investments
Table 10 Abb: Products Offered
Table 11 Abb: Key Developments
Table 12 Eaton.: Products Offered
Table 13 Eaton: Key Developments
Table 14 Schneider Electric Se: Products Offered
Table 15 Schneider Electric Se: Key Developments
Table 16 General Electric: Product Offered
Table 17 General Electric: Key Developments
Table 18 Mitsubishi Electric: Products Offered
Table 19 Mitsubishi Electric: Key Developments
Table 20 Siemens Energy: Products Offered
Table 21 Elsco Transformers.: Products Offered
Table 22 Hitachi Energy: Products Offered
Table 23 Toshiba Corporation: Products Offered
Table 24 Virginia Transformer Corp.: Products Offered
Table 25 Virginia Transformer Corp.: Key Developments
List Of Figures
Figure 1 Market Synopsis
Figure 2 Us Smart Transformers Market Analysis, By Type
Figure 3 Us Smart Transformers Market Analysis, By Component
Figure 4 Us Smart Transformers Market Analysis, By Application
Figure 5 Us Smart Transformers Market: Market Structure
Figure 6 Research Process Of Mrfr
Figure 7 Market Dynamics Overview
Figure 8 Electricity Generated In Us By Using Renewable Energy Sources In 2021 (In Gwh)
Figure 9 Investment Spending On Electricity Grids In Us, 2018-2022 (In Usd Billion)
Figure 10 Drivers Impact Analysis: Us Smart Transformers Market
Figure 11 Restraint Impact Analysis: Us Smart Transformers Market
Figure 12 Electric Car Sales In Us, 2018-2022 (In Millions)
Figure 13 Supply Chain: Us Smart Transformers Market
Figure 15 Us Smart Transformer Market, By Type, 2019 To 2030 (Usd Million)
Figure 16 Us Smart Transformer Market, By Component 2019 To 2030 (Usd Million)
Figure 17 Us Smart Transformer Market, By Application, 2019 To 2030 (Usd Million)
Figure 18 Major Growth Strategies In The Us Smart Transformers Market
Figure 19 Us Smart Transformers Major Players Market Share Analysis, 2022 (%)
Figure 20 Competitive Dashboard
Figure 21 Abb: Financial Overview Snapshot
Figure 22 Abb: Swot Analysis
Figure 23 Eaton: Financial Overview Snapshot
Figure 24 Eaton.: Swot Analysis
Figure 25 Schneider Electric Se: Financial Overview Snapshot
Figure 26 Schneider Electric Se: Swot Analysis
Figure 27 General Electric: Financial Overview Snapshot
Figure 28 General Electric: Swot Analysis
Figure 29 Mitsubishi Electric: Financial Overview Snapshot
Figure 30 Mitsubishi Electric: Swot Analysis
Figure 31 Siemens Energy: Swot Analysis
Figure 32 Elsco Transformers.: Swot Analysis
Figure 33 Hitachi Energy: Financial Overview Snapshot
Figure 34 Hitachi Energy: Swot Analysis
Figure 35 Toshiba Corporation: Financial Overview Snapshot
Figure 36 Toshiba Corporation: Swot Analysis
Figure 37 Virginia Transformer Corp.: Financial Overview Snapshot
Figure 38 Virginia Transformer Corp.: Swot Analysis

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