Smart Transformers Market Research Report: Information by Type (Power, Distribution, Specialty and Instrument), Component (Converters, Switches, Hardware), Application (Traction Locomotive, Smart Grid, Electric Vehicle Charging) -Forecast till 2030
ID: MRFR/E&P/4556-HCR | February 2021 | Region: Global | 100 pages
Impact of COVID-19 on the Smart Transformers Market
Source: Primary Experts, Secondary Sources, and MRFR Analysis
The outbreak of COVID-19 has resulted in the reduction of industrial activities since the governments have enforced lockdowns to curb the spread of the pandemic. The global economy has been severely impacted due to these lockdowns. Industrial operations have come to a standstill, lowering the demand for power mainly from the industry verticals that have a high consumption of electricity to run industrial machinery. The lower demand has also resulted in a reduction in per-unit prices of electricity. The US has reported the largest fall in its consumption of electricity amidst the COVID-19 pandemic. In 2020 the consumption declined by 5.7% as compared to the year 2019. This fall is expected to hamper the growth of the smart transformers market due to the lowered demand from power distributors, which account for the largest share in the smart transformers market.
Figure: Electricity Consumption Forecast 2020, The U.S.
Source: US Energy Information Administration
Power distribution companies are aiming at keeping their resources online, catering to healthcare institutions and pharmaceutical companies with uninterrupted power supply. Also, companies are being proactive in aiding society by postponing the collection of payments and providing complementary services to the unemployed. However, with certain relaxations as well as guidelines to operate during the current crisis, industries are gradually resuming operations following strict guidelines and best hygiene practices to prevent the spread of the virus and recover the losses incurred. Nonetheless, rapid advancements in the smart transformers industry are expected to boost market growth in the next few quarters.
TABLE OF CONTENT
1 Executive Summary
2 Scope of the Report
2.1 Market Definition
2.2 Scope of the Study
2.2.1 Definition
2.2.2 Research Objective
2.2.3 Assumptions
2.2.4 Limitations
2.3 Research Process
2.3.1 Primary Research
2.3.2 Secondary Research
2.4 Market Size Estimation
2.5 Forecast Model
3 Market Landscape
3.1 Porter’s Five Forces Analysis
3.1.1 Threat of New Entrants
3.1.2 Bargaining Power of Buyers
3.1.3 Bargaining Power of Suppliers
3.1.4 Threat of Substitutes
3.1.5 Segment Rivalry
3.2 Value Chain/Supply Chain Analysis
4 Market Dynamics
4.1 Introduction
4.2 Market Drivers
4.3 Market Restraints
4.4 Market Opportunities
4.5 Market Trends
5 Global Smart Transformers Market by Type
5.1 Introduction
5.2 Power Transformers
5.2.1 Market Estimates & Forecast, 2020-2027
5.2.2 Market Estimates & Forecast by Region, 2020-2027
5.3 Distribution Transformers
5.3.1 Market Estimates & Forecast, 2020-2027
5.3.2 Market Estimates & Forecast by Region, 2020-2027
5.4 Specialty Transformers
5.4.1 Market Estimates & Forecast, 2020-2027
5.4.2 Market Estimates & Forecast by Region, 2020-2027
5.4 Instrument Transformers
5.4.1 Market Estimates & Forecast, 2020-2027
5.4.2 Market Estimates & Forecast by Region, 2020-2027
6 Global Smart Transformers Market, By Component
6.1 Introduction
6.2 Converters
6.2.1 Market Estimates & Forecast, 2020-2027
6.2.2 Market Estimates & Forecast by Region, 2020-2027
6.3 Switches
6.3.1 Market Estimates & Forecast, 2020-2027
6.3.2 Market Estimates & Forecast by Region, 2020-2027
6.4 Transformers
6.4.1 Market Estimates & Forecast, 2020-2027
6.4.2 Market Estimates & Forecast by Region, 2020-2027
6.5 Hardware
6.5.1 Market Estimates & Forecast, 2020-2027
6.5.2 Market Estimates & Forecast by Region, 2020-2027
6.6 Others
6.6.1 Market Estimates & Forecast, 2020-2027
6.6.2 Market Estimates & Forecast by Region, 2020-2027
7 Global Smart Transformers Market, By Application
7.1 Introduction
7.2 Traction Locomotive
7.2.1 Market Estimates & Forecast, 2020-2027
7.2.2 Market Estimates & Forecast by Region, 2020-2027
7.3 Smart Grid
7.3.1 Market Estimates & Forecast, 2020-2027
7.3.2 Market Estimates & Forecast by Region, 2020-2027
7.4 Electric Vehicle Charging
7.4.1 Market Estimates & Forecast, 2020-2027
7.4.2 Market Estimates & Forecast by Region, 2020-2027
7.5 Others
7.5.1 Market Estimates & Forecast, 2020-2027
7.5.2 Market Estimates & Forecast by Region, 2020-2027
8 Global Smart Transformers Market, By Region
8.1 Introduction
8.2 North America
8.2.1 Market Estimates & Forecast, 2020-2027
8.2.2 Market Estimates & Forecast by Type , 2020-2027
8.2.3 Market Estimates & Forecast by Component, 2020-2027
8.2.4 Market Estimates & Forecast by Application, 2020-2027
8.2.5 U.S.
8.2.5.1 Market Estimates & Forecast, 2020-2027
8.2.5.2 Market Estimates & Forecast by Type , 2020-2027
8.2.5.3 Market Estimates & Forecast by Component, 2020-2027
8.2.5.4 Market Estimates & Forecast by Application, 2020-2027
8.2.6 Canada
8.2.6.1 Market Estimates & Forecast, 2020-2027
8.2.6.2 Market Estimates & Forecast by Type , 2020-2027
8.2.6.3 Market Estimates & Forecast by Component, 2020-2027
8.2.6.4 Market Estimates & Forecast by Application, 2020-2027
8.3 Europe
8.3.1 Market Estimates & Forecast, 2020-2027
8.3.2 Market Estimates & Forecast by Type , 2020-2027
8.3.3 Market Estimates & Forecast by Component, 2020-2027
8.3.4 Market Estimates & Forecast by Application, 2020-2027
8.3.5 U.K
8.3.5.1 Market Estimates & Forecast, 2020-2027
8.3.5.2 Market Estimates & Forecast by Type , 2020-2027
8.3.5.3 Market Estimates & Forecast by Component, 2020-2027
8.3.5.4 Market Estimates & Forecast by Application, 2020-2027
8.3.6 Germany
8.3.6.1 Market Estimates & Forecast, 2020-2027
8.3.6.2 Market Estimates & Forecast by Type , 2020-2027
8.3.6.3 Market Estimates & Forecast by Component, 2020-2027
8.3.6.4 Market Estimates & Forecast by Application, 2020-2027
8.3.7 France
8.3.7.1 Market Estimates & Forecast, 2020-2027
8.3.7.2 Market Estimates & Forecast by Type , 2020-2027
8.3.7.3 Market Estimates & Forecast by Component, 2020-2027
8.3.7.4 Market Estimates & Forecast by Application, 2020-2027
8.3.8 Spain
8.3.8.1 Market Estimates & Forecast, 2020-2027
8.3.8.2 Market Estimates & Forecast by Type , 2020-2027
8.3.8.3 Market Estimates & Forecast by Component, 2020-2027
8.3.8.4 Market Estimates & Forecast by Application, 2020-2027
8.3.9 Rest of Europe
8.3.9.1 Market Estimates & Forecast, 2020-2027
8.3.9.2 Market Estimates & Forecast by Type , 2020-2027
8.3.9.3 Market Estimates & Forecast by Component, 2020-2027
8.3.9.4 Market Estimates & Forecast by Application, 2020-2027
8.4 Asia Pacific
8.4.1 Market Estimates & Forecast, 2020-2027
8.4.2 Market Estimates & Forecast by Type , 2020-2027
8.4.3 Market Estimates & Forecast by Component, 2020-2027
8.4.4 Market Estimates & Forecast by Application, 2020-2027
8.4.5 China
8.4.5.1 Market Estimates & Forecast, 2020-2027
8.4.5.2 Market Estimates & Forecast by Type , 2020-2027
8.4.5.3 Market Estimates & Forecast by Component, 2020-2027
8.4.5.4 Market Estimates & Forecast by Application, 2020-2027
8.4.6 Japan
8.4.6.1 Market Estimates & Forecast, 2020-2027
8.4.6.2 Market Estimates & Forecast by Type , 2020-2027
8.4.6.3 Market Estimates & Forecast by Component, 2020-2027
8.4.6.4 Market Estimates & Forecast by Application, 2020-2027
8.4.7 India
8.4.7.1 Market Estimates & Forecast, 2020-2027
8.4.7.2 Market Estimates & Forecast by Type , 2020-2027
8.4.7.3 Market Estimates & Forecast by Component, 2020-2027
8.4.7.4 Market Estimates & Forecast by Application, 2020-2027
8.4.8 Rest of Asia Pacific
8.4.8.1 Market Estimates & Forecast, 2020-2027
8.4.8.2 Market Estimates & Forecast by Type , 2020-2027
8.4.8.3 Market Estimates & Forecast by Component, 2020-2027
8.4.8.4 Market Estimates & Forecast by Application, 2020-2027
8.5 Rest of the World
8.5.1 Market Estimates & Forecast, 2020-2027
8.5.2 Market Estimates & Forecast by Type , 2020-2027
8.5.3 Market Estimates & Forecast by Component, 2020-2027
8.5.4 Market Estimates & Forecast by Application, 2020-2027
9 Competitive Landscape
10 Company Profile
10.1 ABB Ltd.
10.1.1 Company Overview
10.1.2 Components/Services Offering
10.1.3 Financial Overview
10.1.4 Key Developments
10.1.5 Strategy
10.1.6 SWOT Analysis
10.2 Siemens AG
10.2.1 Company Overview
10.2.2 Type/Services Offering
10.2.3 Financial Overview
10.2.4 Key Developments
10.2.5 Strategy
10.2.6 SWOT Analysis
10.3 Schneider Electric SE
10.3.1 Company Overview
10.3.2 Components /Services Offering
10.3.3 Financial Overview
10.3.4 Key Developments
10.3.5 Strategy
10.3.6 SWOT Analysis
10.4 Eaton Corporation plc
10.4.1 Company Overview
10.4.2 Components /Services Offering
10.4.3 Financial Overview
10.4.4 Key Developments
10.4.5 Strategy
10.4.6 SWOT Analysis
10.5 General Electric Company
10.5.1 Company Overview
10.5.2 Components /Services Offering
10.5.3 Financial Overview
10.5.4 Key Developments
10.5.5 Strategy
10.5.6 SWOT Analysis
10.6 Mitsubishi Electric Corporation.
10.6.1 Company Overview
10.6.2 Components /Services Offering
10.6.3 Financial Overview
10.6.4 Key Developments
10.6.5 Strategy
10.6.6 SWOT Analysis
10.7 Bharat Heavy Electricals Limited
10.7.1 Company Overview
10.7.2 Components /Services Offering
10.7.3 Financial Overview
10.7.4 Key Developments
10.7.5 Strategy
10.7.6 SWOT Analysis
10.8 Crompton Greaves Ltd.
10.8.1 Company Overview
10.8.2 Type s/Services Offering
10.8.3 Financial Overview
10.8.4 Key Developments
10.8.5 Strategy
10.8.6 SWOT Analysis
10.9 Howard Industries
10.9.1 Company Overview
10.9.2 Components /Services Offering
10.9.3 Financial Overview
10.9.4 Key Developments
10.9.5 Strategy
10.9.6 SWOT Analysis
10.10 SPX Transformer Solutions, Inc.
10.10.1 Company Overview
10.10.2 Components /Services Offering
10.10.3 Financial Overview
10.10.4 Key Developments
10.10.5 Strategy
10.10.6 SWOT Analysis
10.11 Alstom
10.11.1 Company Overview
10.11.2 Components /Services Offering
10.11.3 Financial Overview
10.11.4 Key Developments
10.11.5 Strategy
10.11.6 SWOT Analysis
10.12 Ormazabal
10.12.1 Company Overview
10.12.2 Type s/Services Offering
10.12.3 Financial Overview
10.12.4 Key Developments
10.12.5 Strategy
10.12.6 SWOT Analysis
LIST OF TABLES
Table 1 Global Smart Transformers Market: By Region, 2020-2027
Table 2 North America Smart Transformers Market: By Country, 2020-2027
Table 3 Europe Smart Transformers Market: By Country, 2020-2027
Table 4 Asia Pacific Smart Transformers Market: By Country, 2020-2027
Table 5 RoW Smart Transformers Market: By Country, 2020-2027
Table 6 Global Smart Transformers Market by Type , By Regions, 2020-2027
Table 7 North America Smart Transformers Market by Type , By Country, 2020-2027
Table 8 Europe Smart Transformers Market, by Type , By Country, 2020-2027
Table 9 Asia Pacific Smart Transformers Market by Type , By Country, 2020-2027
Table 10 RoW Smart Transformers Market by Type , By Country, 2020-2027
Table 11 Global Smart Transformers by Component: By Regions, 2020-2027
Table 12 North America Smart Transformers Market by Component: By Country, 2020-2027
Table 13 Europe Smart Transformers Market by Component: By Country, 2020-2027
Table 14 Asia Pacific Smart Transformers Market by Component: By Country, 2020-2027
Table 15 RoW Smart Transformers Market by Component: By Country, 2020-2027
Table 16 Global Smart Transformers Market by Application, By Regions, 2020-2027
Table 17 North America Smart Transformers Market by Application, By Country, 2020-2027
Table 18 Europe Smart Transformers Market by Application, By Country, 2020-2027
Table 19 Asia Pacific Smart Transformers Market by Application, By Country, 2020-2027
Table 20 RoW Smart Transformers Market by Application, By Country, 2020-2027
Table 21 Global Type Market: By Region, 2020-2027
Table 22 Global Component Market: By Region, 2020-2027
Table 23 Global Application Market: By Region, 2020-2027
Table 24 North America Smart Transformers Market, By Country
Table 25 North America Smart Transformers Market, By Type
Table 26 North America Smart Transformers Market, By Component
Table 27 North America Smart Transformers Market, By Application
Table 28 Europe: Smart Transformers Market, By Country
Table 29 Europe: Smart Transformers Market, By Type
Table 30 Europe: Smart Transformers Market, By Component
Table 31 Europe: Smart Transformers Market, By Application
Table 32 Asia Pacific: Smart Transformers Market, By Country
Table 33 Asia Pacific: Smart Transformers Market, By Type
Table 34 Asia Pacific: Smart Transformers Market, By Component
Table 35 Asia Pacific: Smart Transformers Market, By Application
Table 36 RoW: Smart Transformers Market, By Region
Table 37 RoW Smart Transformers Market, By Type
Table 38 RoW Smart Transformers Market, By Component
Table 39 RoW Smart Transformers Market, By Application
LIST OF FIGURES
FIGURE 1 RESEARCH PROCESS OF MRFR
FIGURE 2 TOP DOWN & BOTTOM UP APPROACH
FIGURE 3 Market Dynamics
FIGURE 4 impact analysis: market drivers
FIGURE 5 impact analysis: market restraints
FIGURE 6 porter’s five forces analysis
FIGURE 7 Value chain analysis
FIGURE 8 GLOBAL Smart Transformers MARKET SHARE, BY Raw Material, 2020 (%)
FIGURE 9 GLOBAL Smart Transformers Market BY Type , 2020-2027 (USD MILLION)
FIGURE 10 GLOBAL Smart Transformers MARKET SHARE, BY Application, 2020 (%)
FIGURE 11 GLOBAL Smart Transformers Market BY Application, 2020-2027 (USD MILLION)
FIGURE 12 GLOBAL Smart Transformers MARKET SHARE (%), BY REGION, 2020
FIGURE 13 GLOBAL Smart Transformers Market BY REGION, 2020-2027 (USD MILLION)
FIGURE 14 North America Smart Transformers MARKET SHARE (%), 2020
FIGURE 15 North America Smart Transformers MARKET BY Country, 2020-2027 (USD MILLION)
FIGURE 16 Europe Smart Transformers MARKET SHARE (%), 2020
FIGURE 17 Europe Smart Transformers MARKET BY Country, 2020-2027 (USD MILLION)
FIGURE 18 Asia Pacific Smart Transformers Market SHARE (%), 2020
FIGURE 19 Asia Pacific Smart Transformers Market BY Country, 2020-2027 (USD MILLION)
FIGURE 20 Rest of the World Smart Transformers MARKET SHARE (%), 2020
FIGURE 21 Rest of the World Smart Transformers MARKET BY Country, 2020-2027 (USD MILLION)