Ireland, Dublin: Research and Markets has announced the addition of the "Europe Smart Transformers Market - Growth, Trends and Forecasts (2015-2020)" report to their offering.
According to the new report, the Europe smart transformers market has been estimated to grow at a CAGR of 14.2% during the forecast period from 2015 to 2020, reports Business Wire.
Smart transformers are one of the ten most important emerging technologies of the last twelve months, it is stated in the report.
This market is driven by the increasing rate of industrialization, the constantly growing demand for power, and changing power consumption patterns by households and corporations all over the world, among other factors.
The key market players profiled in the report include ABB, Alstom, Cooper Power Systems, Crompton Greaves, Eaton, GE, Gridco Systems, Howard Industries, Mitsubishi Electric, Schneider Electric, Siemens AG, Spx Transformer Solutions, and Tesla.
Source: Business Wire