Research and Markets: Smart Transformers Market 2015 - Analysis & Global Forecasts to 2020 for the $2.18 Billion Industry
Summary
DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/p4v4ds/smart) has announced the addition of the "Smart Transformers Market by Type, Application & by Region - Global Trends & Forecast to 2020" report to their offering. Asia-Pacific was the single-largest market for smart transformers in 2014, holding a 34% share, and is set to continue its dominance till 2020. Major implementation of smart grids happens at the distribution level, with increased consumer communication at the load center. The smart transformer market is primarily driven by increasing power demand, expanding power transmission & distribution networks, and the need to improve efficiency of grids along with reduction in wastage of electricity. The leading players in the market such as Siemens AG (Germany), ABB Ltd. (Switzerland), General Electric (U.S.), Eaton Corporation (U.S.), Alstom (France), Schneider Electric (France), and Crompton Greaves (India) among others have been profiled in this report.