Emergence of Smart Transformers

The global power generation, transmission and control manufacturing market, a part of the electrical and electronics manufacturing industry, grew at a compound annual growth rate (CAGR) of around 4% during the historic period. The electrical and electronics manufacturing industry showed a steady growth. The growth is mainly due to the high demand for circuit breakers, control panels, switches and fuses from commercial establishments such as construction and individual customers. Switchgear and Switchboard Apparatus manufacturing industry comprise establishments manufacturing switchgear and switchboard apparatus.

In the forecast period, the global power generation, transmission and control manufacturing market size is expected to be over $500 billion by 2021, growing at a CAGR of nearly 4%. This is expected due to the expected increase in population, increase in dispensable income, and increasing per capita incomes are expected to drive the global power generation, transmission and control manufacturing market in the future.

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Transformer manufacturing market is moving towards evolution of independent and self-regulating smart transformers.Smart transformers are programmed to constantly regulate voltage and maintain contact with the stakeholders and provide information and feedback on the power supply. They provide the exact amount of power that is needed and respond to fluctuations through a process known as voltage optimization.

Major companies in the power generation, transmission and control manufacturing market, offering smart technology include Siemens, ABB Ltd And Schneider Electric.

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The power generation, transmission and control manufacturing industry includes companies manufacturing motors and generators, power, distribution and specialty transformers, relay and industry control and switchgears and switchboards.

The top five companies covered are Siemens AG, ABB Ltd, Schneider Electric S.A., General Electric Corporation, and Mitsubishi Electric Corporation. Siemens AG was the largest company in the power generation, transmission and control manufacturing market in 2017.

The countries covered are USA, China, Germany, Brazil, Japan, UK, Spain, Russia, France, Australia, Italy, India and rest of the world.

The power generation, transmission and control manufacturing market is segmented into Switchgear And Switchboard Apparatus, Motor And Generator, Relay And Industrial Control And Power, Distribution, and Specialty Transformer.

Switchgear And Switchboard Apparatus Manufacturing comprise establishments manufacturing switchgear and switchboard apparatus. Switchgear is the combination of electrical disconnect switches and circuit breakers used in electricity transmission to interrupt or re establish the flow of electricity.

Motors And Generators Manufacturing include manufacturing electric motors, power generators and motor generator sets. This industry does not include companies manufacturing internal combustion engine starting motors, power generators and motor generator sets.

Relay And Industrial Control Manufacturing include establishments manufacturing relays, motor starters and controllers and other industrial controls and control accessories.

Transformers Manufacturing include establishments manufacturing of power, distribution and specialty transformers.

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