Syndicate Market Research has made available a new report titled “Smart Transformers Market – Global Industry Perspective, Comprehensive Analysis and Forecast, 2014 – 2020”.
According to the report, the need to improve efficiency of grids along with reduction in wastage of electricity is expected to drive the smart transformer market growth.
Increasing adoption of renewable power sources, such as wind & solar energy, traction locomotives, are major factors boosting the adoption of smart transformers. However, high cost of smart transformers and inadequate testing infrastructure can lower down the growth of market.
The report covers forecast and analysis for the smart transformers market on a global and regional level, with a forecast from 2014 to 2020 based on revenue.
Some of the key market players profiled in the report include Siemens AG, ABB Ltd., General Electric, Eaton Corporation, Alstom, Schneider Electric, and Crompton Greaves among others.
Source: Syndicate Market Research