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The global smart transformer market is anticipated to grow at a CAGR of about 9.10% during the forecast years of 2019-2027NEW YORK, Feb. 12, 2019 /PRNewswire/ -- KEY FINDINGS The regional market will be mainly driven by the conversion of distribution equipment and aging power transmission. China is currently leading the market scene due to continuous heavy investments in the smart grid by the Chinese government and the increased demand for electricity in the smart and suburban cities of China. COMPETITIVE INSIGHTS The global smart transformer market is a fragmented market that houses both; domestic vendors and global players such as General Electric, ABB Ltd. and Mitsubishi Electric Corporation. All these companies are actively contributing to generating the revenue of the global smart transformers market by trying to adopt new technologies, thus increasing their global presence. Some of the powerful companies operating in the global market are Bharat Heavy Electricals Limited, Eaton Corporation PLC, Schneider Electric SE, Howard Industries, Inc., Tesla Transformers Ltd., General Electric Co., Siemens AG, Mitsubishi Electric Corporation, Maschinenfabrik Reinhausen GmbH, Crompton Greaves Ltd., SPX Transformer Solutions and ABB Ltd. Companies mentioned 1. ABB LTD. 2. CROMPTON GREAVES LTD. 3. EATON CORPORATION PLC 4. GENERAL ELECTRIC CO. 5. HOWARD INDUSTRIES, INC. 6. MITSUBISHI ELECTRIC CORPORATION 7. SCHNEIDER ELECTRIC SE 8. SIEMENS AG 9. SPX TRANSFORMER SOLUTIONS 10. BHARAT HEAVY ELECTRICALS LIMITED 11. MASCHINENFABRIK REINHAUSEN GMBH 12. TESLA TRANSFORMERS LTD. Read the full report: https://www.reportlinker.com/p05039864 About Reportlinker ReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need - instantly, in one place. __________________________ Contact Clare: [email protected] US: (339)-368-6001 Intl: +1 339-368-6001 View original content:http://www.prnewswire.com/news-releases/the-global-smart-transformer-market-is-anticipated-to-grow-at-a-cagr-of-about-9-10-during-the-forecast-years-of-2019-2027--300794157.html SOURCE Reportlinker |