Global Smart Transformers Market to Reach $5.6 Billion by 2030
The global market for Smart Transformers estimated at US$2.3 Billion in the year 2022, is projected to reach a revised size of US$5.6 Billion by 2030, growing at a CAGR of 12.1% over the analysis period 2022-2030. Distribution Transformers, one of the segments analyzed in the report, is projected to record a 12.9% CAGR and reach US$2.6 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Power Transformers segment is readjusted to a revised 12.1% CAGR for the next 8-year period.The U.S. Market is Estimated at $661 Million, While China is Forecast to Grow at 11.2% CAGR
The Smart Transformers market in the U.S. is estimated at US$661 Million in the year 2022. China, the world`s second largest economy, is forecast to reach a projected market size of US$950.3 Million by the year 2030 trailing a CAGR of 11.2% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 11.1% and 10.2% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 8.5% CAGR.Select Competitors (Total 73 Featured) -
- ABB Ltd.
- Bharat Heavy Electricals Ltd.
- Eaton Corporation PLC
- General Electric Company
- Schneider Electric SA
- Siemens AG
What's New?
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- Global competitiveness and key competitor percentage market shares
- Market presence across multiple geographies - Strong/Active/Niche/Trivial
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Table of Contents
I. METHODOLOGYII. EXECUTIVE SUMMARY2. FOCUS ON SELECT PLAYERS3. MARKET TRENDS & DRIVERSIII. MARKET ANALYSISIV. COMPETITION
1. MARKET OVERVIEW
- Influencer Market Insights
- World Market Trajectories
- Smart Transformers - Global Key Competitors Percentage Market Share in 2022 (E)
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
- Impact of Covid-19 and a Looming Global Recession
4. GLOBAL MARKET PERSPECTIVE
- Table 1: World Recent Past, Current & Future Analysis for Power Transformers by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
- Table 2: World 8-Year Perspective for Power Transformers by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2023 & 2030
- Table 3: World Recent Past, Current & Future Analysis for Distribution Transformers by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
- Table 4: World 8-Year Perspective for Distribution Transformers by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2023 & 2030
- Table 5: World Recent Past, Current & Future Analysis for Specialty Transformers by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
- Table 6: World 8-Year Perspective for Specialty Transformers by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2023 & 2030
- Table 7: World Recent Past, Current & Future Analysis for Instrument Transformers by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
- Table 8: World 8-Year Perspective for Instrument Transformers by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2023 & 2030
- Table 9: World Recent Past, Current & Future Analysis for Traction Locomotive by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
- Table 10: World 8-Year Perspective for Traction Locomotive by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2023 & 2030
- Table 11: World Recent Past, Current & Future Analysis for Smart Grid by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
- Table 12: World 8-Year Perspective for Smart Grid by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2023 & 2030
- Table 13: World Recent Past, Current & Future Analysis for Other Applications by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
- Table 14: World 8-Year Perspective for Other Applications by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2023 & 2030
- Table 15: World Recent Past, Current & Future Analysis for Smart Transformers by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
- Table 16: World 8-Year Perspective for Smart Transformers by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets for Years 2023 & 2030
- Table 17: World Recent Past, Current & Future Analysis for Electric Vehicle Infrastructure by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
- Table 18: World 8-Year Perspective for Electric Vehicle Infrastructure by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2023 & 2030
- Table 19: World Smart Transformers Market Analysis of Annual Sales in US$ Million for Years 2012 through 2030
UNITED STATES
- Smart Transformers Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2023 (E)
- Table 20: USA Recent Past, Current & Future Analysis for Smart Transformers by Type - Distribution Transformers, Power Transformers, Specialty Transformers and Instrument Transformers - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
- Table 21: USA 8-Year Perspective for Smart Transformers by Type - Percentage Breakdown of Value Sales for Distribution Transformers, Power Transformers, Specialty Transformers and Instrument Transformers for the Years 2023 & 2030
- Table 22: USA Recent Past, Current & Future Analysis for Smart Transformers by Application - Smart Grid, Traction Locomotive, Electric Vehicle Infrastructure and Other Applications - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
- Table 23: USA 8-Year Perspective for Smart Transformers by Application - Percentage Breakdown of Value Sales for Smart Grid, Traction Locomotive, Electric Vehicle Infrastructure and Other Applications for the Years 2023 & 2030
CANADA
- Table 24: Canada Recent Past, Current & Future Analysis for Smart Transformers by Type - Distribution Transformers, Power Transformers, Specialty Transformers and Instrument Transformers - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
- Table 25: Canada 8-Year Perspective for Smart Transformers by Type - Percentage Breakdown of Value Sales for Distribution Transformers, Power Transformers, Specialty Transformers and Instrument Transformers for the Years 2023 & 2030
- Table 26: Canada Recent Past, Current & Future Analysis for Smart Transformers by Application - Smart Grid, Traction Locomotive, Electric Vehicle Infrastructure and Other Applications - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
- Table 27: Canada 8-Year Perspective for Smart Transformers by Application - Percentage Breakdown of Value Sales for Smart Grid, Traction Locomotive, Electric Vehicle Infrastructure and Other Applications for the Years 2023 & 2030
JAPAN
- Smart Transformers Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2023 (E)
- Table 28: Japan Recent Past, Current & Future Analysis for Smart Transformers by Type - Distribution Transformers, Power Transformers, Specialty Transformers and Instrument Transformers - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
- Table 29: Japan 8-Year Perspective for Smart Transformers by Type - Percentage Breakdown of Value Sales for Distribution Transformers, Power Transformers, Specialty Transformers and Instrument Transformers for the Years 2023 & 2030
- Table 30: Japan Recent Past, Current & Future Analysis for Smart Transformers by Application - Smart Grid, Traction Locomotive, Electric Vehicle Infrastructure and Other Applications - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
- Table 31: Japan 8-Year Perspective for Smart Transformers by Application - Percentage Breakdown of Value Sales for Smart Grid, Traction Locomotive, Electric Vehicle Infrastructure and Other Applications for the Years 2023 & 2030
CHINA
- Smart Transformers Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2023 (E)
- Table 32: China Recent Past, Current & Future Analysis for Smart Transformers by Type - Distribution Transformers, Power Transformers, Specialty Transformers and Instrument Transformers - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
- Table 33: China 8-Year Perspective for Smart Transformers by Type - Percentage Breakdown of Value Sales for Distribution Transformers, Power Transformers, Specialty Transformers and Instrument Transformers for the Years 2023 & 2030
- Table 34: China Recent Past, Current & Future Analysis for Smart Transformers by Application - Smart Grid, Traction Locomotive, Electric Vehicle Infrastructure and Other Applications - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
- Table 35: China 8-Year Perspective for Smart Transformers by Application - Percentage Breakdown of Value Sales for Smart Grid, Traction Locomotive, Electric Vehicle Infrastructure and Other Applications for the Years 2023 & 2030
EUROPE
- Smart Transformers Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2023 (E)
- Table 36: Europe Recent Past, Current & Future Analysis for Smart Transformers by Type - Distribution Transformers, Power Transformers, Specialty Transformers and Instrument Transformers - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
- Table 37: Europe 8-Year Perspective for Smart Transformers by Type - Percentage Breakdown of Value Sales for Distribution Transformers, Power Transformers, Specialty Transformers and Instrument Transformers for the Years 2023 & 2030
- Table 38: Europe Recent Past, Current & Future Analysis for Smart Transformers by Application - Smart Grid, Traction Locomotive, Electric Vehicle Infrastructure and Other Applications - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
- Table 39: Europe 8-Year Perspective for Smart Transformers by Application - Percentage Breakdown of Value Sales for Smart Grid, Traction Locomotive, Electric Vehicle Infrastructure and Other Applications for the Years 2023 & 2030
- Table 40: Europe Recent Past, Current & Future Analysis for Smart Transformers by Geographic Region - France, Germany, Italy, UK and Rest of Europe Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
- Table 41: Europe 8-Year Perspective for Smart Transformers by Geographic Region - Percentage Breakdown of Value Sales for France, Germany, Italy, UK and Rest of Europe Markets for Years 2023 & 2030
FRANCE
- Smart Transformers Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2023 (E)
- Table 42: France Recent Past, Current & Future Analysis for Smart Transformers by Type - Distribution Transformers, Power Transformers, Specialty Transformers and Instrument Transformers - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
- Table 43: France 8-Year Perspective for Smart Transformers by Type - Percentage Breakdown of Value Sales for Distribution Transformers, Power Transformers, Specialty Transformers and Instrument Transformers for the Years 2023 & 2030
- Table 44: France Recent Past, Current & Future Analysis for Smart Transformers by Application - Smart Grid, Traction Locomotive, Electric Vehicle Infrastructure and Other Applications - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
- Table 45: France 8-Year Perspective for Smart Transformers by Application - Percentage Breakdown of Value Sales for Smart Grid, Traction Locomotive, Electric Vehicle Infrastructure and Other Applications for the Years 2023 & 2030
GERMANY
- Smart Transformers Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2023 (E)
- Table 46: Germany Recent Past, Current & Future Analysis for Smart Transformers by Type - Distribution Transformers, Power Transformers, Specialty Transformers and Instrument Transformers - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
- Table 47: Germany 8-Year Perspective for Smart Transformers by Type - Percentage Breakdown of Value Sales for Distribution Transformers, Power Transformers, Specialty Transformers and Instrument Transformers for the Years 2023 & 2030
- Table 48: Germany Recent Past, Current & Future Analysis for Smart Transformers by Application - Smart Grid, Traction Locomotive, Electric Vehicle Infrastructure and Other Applications - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
- Table 49: Germany 8-Year Perspective for Smart Transformers by Application - Percentage Breakdown of Value Sales for Smart Grid, Traction Locomotive, Electric Vehicle Infrastructure and Other Applications for the Years 2023 & 2030
ITALY
- Table 50: Italy Recent Past, Current & Future Analysis for Smart Transformers by Type - Distribution Transformers, Power Transformers, Specialty Transformers and Instrument Transformers - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
- Table 51: Italy 8-Year Perspective for Smart Transformers by Type - Percentage Breakdown of Value Sales for Distribution Transformers, Power Transformers, Specialty Transformers and Instrument Transformers for the Years 2023 & 2030
- Table 52: Italy Recent Past, Current & Future Analysis for Smart Transformers by Application - Smart Grid, Traction Locomotive, Electric Vehicle Infrastructure and Other Applications - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
- Table 53: Italy 8-Year Perspective for Smart Transformers by Application - Percentage Breakdown of Value Sales for Smart Grid, Traction Locomotive, Electric Vehicle Infrastructure and Other Applications for the Years 2023 & 2030
UNITED KINGDOM
- Smart Transformers Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2023 (E)
- Table 54: UK Recent Past, Current & Future Analysis for Smart Transformers by Type - Distribution Transformers, Power Transformers, Specialty Transformers and Instrument Transformers - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
- Table 55: UK 8-Year Perspective for Smart Transformers by Type - Percentage Breakdown of Value Sales for Distribution Transformers, Power Transformers, Specialty Transformers and Instrument Transformers for the Years 2023 & 2030
- Table 56: UK Recent Past, Current & Future Analysis for Smart Transformers by Application - Smart Grid, Traction Locomotive, Electric Vehicle Infrastructure and Other Applications - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
- Table 57: UK 8-Year Perspective for Smart Transformers by Application - Percentage Breakdown of Value Sales for Smart Grid, Traction Locomotive, Electric Vehicle Infrastructure and Other Applications for the Years 2023 & 2030
REST OF EUROPE
- Table 58: Rest of Europe Recent Past, Current & Future Analysis for Smart Transformers by Type - Distribution Transformers, Power Transformers, Specialty Transformers and Instrument Transformers - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
- Table 59: Rest of Europe 8-Year Perspective for Smart Transformers by Type - Percentage Breakdown of Value Sales for Distribution Transformers, Power Transformers, Specialty Transformers and Instrument Transformers for the Years 2023 & 2030
- Table 60: Rest of Europe Recent Past, Current & Future Analysis for Smart Transformers by Application - Smart Grid, Traction Locomotive, Electric Vehicle Infrastructure and Other Applications - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
- Table 61: Rest of Europe 8-Year Perspective for Smart Transformers by Application - Percentage Breakdown of Value Sales for Smart Grid, Traction Locomotive, Electric Vehicle Infrastructure and Other Applications for the Years 2023 & 2030
ASIA-PACIFIC
- Smart Transformers Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2023 (E)
- Table 62: Asia-Pacific Recent Past, Current & Future Analysis for Smart Transformers by Type - Distribution Transformers, Power Transformers, Specialty Transformers and Instrument Transformers - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
- Table 63: Asia-Pacific 8-Year Perspective for Smart Transformers by Type - Percentage Breakdown of Value Sales for Distribution Transformers, Power Transformers, Specialty Transformers and Instrument Transformers for the Years 2023 & 2030
- Table 64: Asia-Pacific Recent Past, Current & Future Analysis for Smart Transformers by Application - Smart Grid, Traction Locomotive, Electric Vehicle Infrastructure and Other Applications - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
- Table 65: Asia-Pacific 8-Year Perspective for Smart Transformers by Application - Percentage Breakdown of Value Sales for Smart Grid, Traction Locomotive, Electric Vehicle Infrastructure and Other Applications for the Years 2023 & 2030
REST OF WORLD
- Table 66: Rest of World Recent Past, Current & Future Analysis for Smart Transformers by Type - Distribution Transformers, Power Transformers, Specialty Transformers and Instrument Transformers - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
- Table 67: Rest of World 8-Year Perspective for Smart Transformers by Type - Percentage Breakdown of Value Sales for Distribution Transformers, Power Transformers, Specialty Transformers and Instrument Transformers for the Years 2023 & 2030
- Table 68: Rest of World Recent Past, Current & Future Analysis for Smart Transformers by Application - Smart Grid, Traction Locomotive, Electric Vehicle Infrastructure and Other Applications - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
- Table 69: Rest of World 8-Year Perspective for Smart Transformers by Application - Percentage Breakdown of Value Sales for Smart Grid, Traction Locomotive, Electric Vehicle Infrastructure and Other Applications for the Years 2023 & 2030
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- ABB Ltd.
- Bharat Heavy Electricals Ltd.
- Eaton Corporation PLC
- General Electric Company
- Schneider Electric SA
- Siemens AG
Table Information
Report Attribute | Details |
---|---|
No. of Pages | 143 |
Published | May 2024 |
Forecast Period | 2022 - 2030 |
Estimated Market Value ( USD | $ 2.3 Billion |
Forecasted Market Value ( USD | $ 5.6 Billion |
Compound Annual Growth Rate | 11.8% |
Regions Covered | Global |