© 2018 Global Market Insights, Inc. USA. All Rights Reserved Transformer Market Outlook 2019 – Industry Statistics Analysis by 2025

Global Market Scenario of Transformer Industry  The Transformer Market study focuses major leading industry players with information such as company profiles, product picture and specification, capacity, production, price, cost, revenue and contact information.Transformer Market  It provides information on trends and developments, and focuses on markets and materials, capacities and technologies, and on the changing structure.Driven by the commendable developments in grid infrastructure model, transformer market stands to witness a remarkable upswing over the ensuing years. Many driving forces are shaping the electric grid, transformers being one of the integral vertical of power grid network is certainly no exception.  Companies partaking in the transformer industry have been increasingly focusing on developing advanced products in sync with the rapidly evolving smart grid infrastructure. One such pathbreaking innovation that has fetched all the attention lately is the smart solid-state transformer. © 2018 Global Market Insights, Inc. USA. All Rights Reserved

 These smart transformers, as claimed by experts, can not only perform all the functions of a conventional transformer, but also can feed back the unused power to the grid by stepping up the voltage level.  As per a new journal put forth by IEEE, a new study using advanced computational model depicts that SSTs could be profoundly used to make reliable and stable smart grid. Reportedly, the paper was published with the support of FREEDM Systems Centre at North Carolina State University, who are claimed to bring the first SST in Continue:- © 2018 Global Market Insights, Inc. USA. All Rights Reserved

 Increasing pressure in transmission network has led to a surge in demand for higher voltage and longer lines, in turn, necessitating the requirement of higher rated, more efficient power transformers. In fact, it has been observed that new developments in this particular business sphere are primarily on focused on bringing renovations in the active components of the transformer, being mainly the windings, insulation, and core.  The extensive proliferation of transformer market has also been catered by the increasing energy efficiency propositions with regards to the rapid expansion of smart grid network across major economies. Statistics depict, countries including Germany, UK, Italy, France, and Sweden have recently inked a smart grid multibillion dollar agreement to expand smart grid technologies across Europe. 360° Industry Analysis © 2018 Global Market Insights, Inc. USA. All Rights Reserved

Industry Background

Competitive Analysis:  Voltamp  SPX  Celme  Ormazabal  Hyosung  Kirloskar  Daihen  BHEL  GE  ABB  Schneider  Siemens  Toshiba  Mitsubishi  Crompton Greaves  Eaton  and Hyundai. Browse Complete Summary of this analysis/transformer-markethttps:// analysis/transformer-market © 2018 Global Market Insights, Inc. USA. All Rights Reserved

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