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New smart transformers market report is available


 Markets and Markets has announced the release of a new market research report “Smart Transformers Market by Type (Power, Distribution, Specialty, and Instrument), Application (Smart Grid, Traction Locomotive, Electric Vehicle Charging, and Others) & by Region - Global Trends & Forecast to 2020”.

According to the report, the global distribution smart transformer market is projected to grow from $903.7 million in 2015 to $2,185.8 million in 2020, at a CAGR of 19.3%.

Asia-Pacific was the single-largest market for smart transformers in 2014, holding a 34% share, and is set to continue its dominance till 2020. Asia-Pacific is also projected to emerge as the fastest growing market during the forecast period, at a CAGR of 20% from 2015 to 2020, followed by North America at 19.4%, while Europe is expected to grow at 18.8% during the same period.

The leading players in the market profiled in the report include Siemens AG, ABB Ltd., GE, Eaton Corporation, Alstom, Schneider Electric and Crompton Greaves.

Source: Markets and Markets