KEY FINDINGS
The Europe smart transformers market was valued at $XX million in 2018 and is expected to reach $XX million by 2027 growing at a CAGR of 8.68% during the forecast period of 2019-2027. The major drivers facilitating the expansion of the market include a rise in the industrial growth, aging infrastructure leading to investment in smart grids, rising production of electricity and a growing demand for green energy.
MARKET INSIGHTS
The market is witnessing plenty of growth opportunities owing to the rising sales of hybrid and electric vehicles and the need for a more reliable error-free network. The segmentation of the market can be done in three parts: by component, by application, and by type. The components for this market include switches, converters, etc. The applications of this market can be observed in areas like traction locomotives, alternative power generation, electric vehicle charging station and power (distribution) grid. Although the power grid market held the major share in the year 2018, it is the alternative power generation segment that is expected to be the fastest growing segment by the end of the forecast period. The market by type is classified into instrument transformer, specialty transformer distribution transformer, and power transformer. In the coming years, the distribution transformer is predicted to be the fastest growing type of the market.
COMPETITIVE INSIGHTS
Some of the top players in the market include Mitsubishi Electric Corporation, Siemens AG, Tesla Transformers Ltd., SPX Transformer Solutions, ABB Ltd., Crompton Greaves Ltd., General Electric Co., Howard Industries, Inc., Eaton Corporation PLC, Bharat Heavy Electricals Limited, Maschinenfabrik Reinhausen GmbH, and Schneider Electric SE.
Europe Smart Transformers Market Forecast 2019-2027
Table of Contents
1. Research Scope
1.1. Study Goals
1.2. Scope Of The Market Study
1.3. Who Will Find This Report Useful?
1.4. Study And Forecasting Years
2. Research Methodology
2.1. Sources Of Data
2.1.1. Secondary Data
2.1.2. Primary Data
2.2. Top-Down Approach
2.3. Bottom-Up Approach
2.4. Data Triangulation
3. Executive Summary
3.1. Market Summary
3.2. Key Findings
3.2.1. Power Grid Is The Dominant Application
3.2.2. Demand For Converter Is Expected To Be High Over The Forecast Period
3.2.3. Power Transformer Is The Largest Contributor To Smart Transformer Market
4. Market Dynamics
4.1. Market Definition & Scope
4.2. Market Drivers
4.2.1. Rise In Industrial Growth
4.2.2. Timeworn Infrastructure Leading To Investment In Smart Grids
4.2.3. Higher Consumptions Pattern In High Growth Regions
4.2.4. Rising Production Of Electricity
4.2.5. Compliance With Regulatory Standards
4.2.6. Green Energy Demand On The Rise
4.3. Market Restraints
4.3.1. Infrastructure Cost
4.3.2. Fluctuation In Raw Material Prices
4.4. Market Opportunities
4.4.1. Rise In Sales Of Hybrid And Electric Vehicle
4.4.2. Need For Reliable Error-Free Network
4.5. Market Challenges
4.5.1. Large Initial Investments
5. Market By Type
5.1. Distribution Transformer
5.2. Instrument Transformer
5.3. Power Transformer
5.4. Specialty Transformer
6. Market By Component
6.1. Converter
6.2. Switch
6.3. Other Components
7. Market By Application
7.1. Electric Vehicle Charging Station
7.2. Power Grid
7.3. Traction Locomotives
7.4. Alternative Power Generation
7.4.1. Solar Power
7.4.2. Wind Power
7.4.3. Other Power
8. Key Analytics
8.1. Porter's Five Force Model
8.1.1. Threat Of New Entrants
8.1.2. Threat Of Substitute
8.1.3. Bargaining Power Of Suppliers
8.1.4. Bargaining Power Of Buyers
8.1.5. Threat Of Competitive Rivalry
8.2. Opportunity Matrix
8.3. Vendor Landscape
8.4. Key Buying Criteria
9. Geographical Analysis
9.1. Europe
9.1.1. Germany
9.1.2. United Kingdom
9.1.3. France
9.1.4. Spain
9.1.5. Italy
9.1.6. Russia
9.1.7. Roe (Rest Of Europe)
10. Competitive Landscape
10.1. Market Share Analysis
10.2. Company Profile
10.2.1. Abb Ltd.
10.2.2. Crompton Greaves Ltd.
10.2.3. Eaton Corporation Plc
10.2.4. General Electric Co.
10.2.5. Howard Industries, Inc.
10.2.6. Mitsubishi Electric Corporation
10.2.7. Schneider Electric Se
10.2.8. Siemens Ag
10.2.9. Spx Transformer Solutions
10.2.10. Bharat Heavy Electricals Limited
10.2.11. Maschinenfabrik Reinhausen Gmbh
10.2.12. Tesla Transformers Ltd.
List of Tables
Table 1 Europe Smart Transformers Market, By Country, 2019-2027, (In $ Million)
Table 2 Europe Smart Transformers Market, By Type, 2019-2027, (In $ Million)
Table 3 Europe Smart Transformers Market, By Component, 2019-2027, (In $ Million)
Table 4 Europe Smart Transformers Market, By Application, 2019-2027, (In $ Million)
Table 5 Europe Alternative Power Generation Market, By Segments, 2019-2027, (In $ Million)
Table 6 Opportunity Matrix
Table 7 Vendor Landscape
Table 8 Europe Smart Transformers Market, By Country, 2019-2027 (In $ Million)
List of Figures
Figure 1 Europe Smart Transformers Market Share, By Application 2018 & 2027 (%)
Figure 2 Power Grid Market, 2019 - 2027 (In $ Million)
Figure 3 Converter Market, 2019 - 2027 (In $ Million)
Figure 4 Power Smart Transformers Market ($ Million)
Figure 5 Rising Production Of Electricity In Trillion Kwh
Figure 6 Europe Smart Transformers Market, By Electric Vehicle Charging Station, 2019-2027, (In $ Million)
Figure 7 Europe Smart Transformers Market, By Power Grid, 2019-2027, (In $ Million)
Figure 8 Europe Smart Transformers Market, By Traction Locomotives, 2019-2027, (In $ Million)
Figure 9 Europe Smart Transformers Market, By Alternative Power Generation, 2019-2027, (In $ Million)
Figure 10 Europe Smart Transformers Market, By Solar Power, 2019-2027, (In $ Million)
Figure 11 Europe Smart Transformers Market, By Wind Power, 2019-2027, (In $ Million)
Figure 12 Europe Smart Transformers Market, By Other Power, 2019-2027, (In $ Million)
Figure 13 Porter's Five Force Model
Figure 14 Key Buying Criteria For Smart Transformers, 2019 & 2027
Figure 15 Europe Smart Transformers Market, Regional Outlook, 2018 & 2027, (%)
Figure 16 Germany Smart Transformers Market, 2019-2027 (In $ Million)
Figure 17 United Kingdom Smart Transformers Market, 2019-2027 (In $ Million)
Figure 18 France Smart Transformers Market, 2019-2027 (In $ Million)
Figure 19 Spain Smart Transformers Market, 2019-2027 (In $ Million)
Figure 20 Italy Smart Transformers Market, 2019-2027 (In $ Million)
Figure 21 Russia Smart Transformers Market, 2019-2027 (In $ Million)
Figure 22 Roe Smart Transformers Market, 2019-2027 (In $ Million)
Figure 23 Market Share Analysis Of Smart Transformers Market (2018)
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