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Asia Pacific Smart Transformers Market Forecast 2019-2027

KEY FINDINGS
The Asia Pacific smart transformers market was valued at $XX million in 2018 and is expected to reach $XX million by 2027 growing at a CAGR of 9.89% during the forecast period of 2019-2027. Increasing urbanization and the subsequent increase in electricity demand are majorly responsible for driving the Asian market.

MARKET INSIGHTS
The smart transformers market finds its application in electric vehicle charging station, power (distribution) grids, traction locomotives, and alternative power generation. The smart distribution components are divided into the converter, switch, and other components. The top qualitative features of the smart transformers that are anticipated to drive the market and enhance their adaptability in the business world include the features such as high efficiency, bidirectional flow of power, efficient power quality and reduction in the maintenance cost.

COMPETITIVE INSIGHTS
Some of the major market players in the smart transformers market are Maschinenfabrik Reinhausen GmbH, General Electric Co., Mitsubishi Electric Corporation, Crompton Greaves Ltd., Howard Industries, Inc., Eaton Corporation PLC, Bharat Heavy Electricals Limited, SPX Transformer Solutions, ABB Ltd., Schneider Electric SE, Tesla Transformers Ltd., and Siemens AG.
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Asia Pacific Smart Transformers Market Forecast 2019-2027
Published By :Inkwood Research
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