スマート変圧器の2030年までの市場予測：コンポーネント別、用途別、エンドユーザー別、地域別の世界分析

Stratistics MRCによると、世界のスマート変圧器市場は2023年に30億米ドルを占め、予測期間中のCAGRは12.7％で成長し、2030年には69億米ドルに達する見込みです。

スマートグリッドに不可欠なコンポーネントであるスマート変圧器は、独立して動作し、電圧を継続的に制御し、遠隔管理が可能なようにグリッドを接続し続け、電力供給に関するデータとフィードバックを提供します。スマート変圧器は、電圧最適化と呼ばれるプロセスを通じてこれを実現します。必要な電力を正確に供給し、電力網の変化に迅速に適応して、最適化された電圧を維持する電圧調整器として機能します。

国際エネルギー機関によると、2021年にはスマートグリッド開発に2,890億米ドルが費やされ、2020年の2,626億米ドルから増加しました。

効率的な送電網への需要の高まり

都市化、工業化、デジタル化が世界中で拡大し続ける中、家庭、企業、重要なインフラに電力を供給する必要性が高まっています。従来の配電システムは、現代の複雑なエネルギー需要の処理に苦慮することが多く、非効率、電圧変動、信頼性の問題につながっています。スマート変圧器は、高度な監視、制御、最適化機能を組み込んだソリューションを提供します。これらの変圧器により、電力会社や送電網運営者は送電網の効率を高め、損失を減らし、全体的な信頼性を向上させることができます。

高い初期コスト

これらの変圧器は高度な監視、制御、最適化機能を提供する一方で、その導入に必要な初期投資は多額になります。このコストには、スマート変圧器の購入費用だけでなく、設置、既存のグリッド・インフラとの統合、通信・監視システムの導入に関する費用も含まれます。しかし、ユーティリティ企業や系統運用者、特に厳しい予算で運営されている企業や財政的制約に直面している企業にとって、このような多額の先行投資を行うという見通しは、スマート変圧器ソリューションの採用に対する抑止力として働く可能性があります。

技術の進歩

材料、エレクトロニクス、通信技術における技術革新は、変圧器の機能を一変させ、よりスマートで、より効率的で、より信頼性の高い変圧器を可能にしました。炭化ケイ素（SiC）や窒化ガリウム（GaN）などの先端材料は、変圧器の効率とマテリアルハンドリング能力を高め、損失を減らして全体的な性能を向上させています。さらに、デジタル監視システム、センサー、高度な制御アルゴリズムの統合により、スマート変圧器は送電網の状況をリアルタイムで把握できるようになり、ユーティリティ企業は運用を最適化し、送電網の回復力を高めることができます。

サイバーセキュリティへの懸念

現代のグリッド・インフラの不可欠な構成要素であるスマート変圧器は、ハッキング、マルウェア、データ侵害などのサイバー脅威に脆弱です。スマートグリッドシステムの相互接続とデジタル化は、グリッドの信頼性、データの完全性、さらには公共の安全を損なう可能性のあるサイバー攻撃にさらされる機会を増やします。公益事業者や系統運用者は、スマート変圧器やより広範な系統エコシステムを保護するために、強固なサイバーセキュリティ対策を実施しなければなりません。しかし、サイバーセキュリティの確保は、進化するサイバー脅威の性質、スマートグリッドネットワークの複雑さ、脆弱性に対処するための継続的な監視と更新の必要性により、困難な場合があります。

COVID-19の影響：

当初、市場はサプライチェーンの中断、製造の遅れ、ロックダウンや移動制限によるプロジェクトの延期による混乱に見舞われました。また、パンデミックの期間と深刻度に関する不確実性から、電力会社や送電網運営者の支出は慎重になり、スマート変圧器を含むスマートグリッドインフラへの投資決定に影響を与えました。しかし、パンデミックによってレジリエントで効率的なエネルギー・インフラの重要性が浮き彫りになるにつれ、グリッドの信頼性を高め、遠隔監視を可能にし、遠隔操作や保守活動をサポートするスマート変圧器の役割が認識されるようになってきました。

予測期間中、ハードウェア・セグメントが最大となる見込み

予測期間中、最大のシェアを占めたのはハードウェア・セグメントです。材料とエレクトロニクスの進歩により、高度な半導体デバイス、高性能変圧器、センサーなど、スマート変圧器用のより効率的で信頼性の高いハードウェア部品が開発されています。さらに、こうした技術革新により、スマート変圧器はリアルタイム監視、予知保全、自己修復機能などの機能強化を実現し、現代のグリッドインフラの進化するニーズに対応しています。

予測期間中、電気自動車充電分野が最も高いCAGRが見込まれる

世界的に電気自動車の普及が進んでいるため、公共スペース、職場、住宅地に設置される急速充電器を含むEV充電インフラに対する需要が急増しており、電気自動車充電セグメントは予測期間中に収益性の高い成長を維持する見通しです。スマート変圧器は、EV充電ステーションからの電力需要の増加を効率的に管理し、グリッドの安定性を確保し、過負荷を最小限に抑えることで、このインフラを支える重要な役割を果たしています。さらに、高度な監視・制御機能を備えたスマート変圧器によって、電力会社は需要応答や負荷分散などの動的な充電戦略を実施し、グリッド運用を最適化してEVの変動する充電パターンに対応することができます。

最大のシェアを占める地域：

太陽光発電や風力発電のような再生可能エネルギー源の採用が増加しているため、効率的な統合のための高度なグリッド技術が必要とされ、アジア太平洋地域が推定期間中、市場で最大のシェアを占めています。スマート変圧器は、電圧変動を管理し、送電網の安定性を確保することで、再生可能エネルギーの送電網へのスムーズな統合を促進します。多くの国が送電網インフラの老朽化に対処しており、頻繁な停電や電圧変動といった問題を引き起こしています。こうした要因が地域の成長を後押ししています。

CAGRが最も高い地域：

北米地域は、電気自動車の普及が既存の電力インフラにさらなる負担をかけているため、推定期間中に大幅な成長が見込まれます。スマート変圧器は、増大する電力需要を効率的かつ信頼性の高い方法で管理することで、電気自動車の充電インフラをサポートすることができます。電力業界のデジタル化が進み、送電網を強化する必要性が高まっていることが市場を牽引しています。さらに北米諸国は、送電網のエネルギー効率、監視、電力品質を強化するため、旧式の送電網インフラの変更、代替、拡張に注力しています。

無料のカスタマイズサービス

本レポートをご購読のお客様には、以下の無料カスタマイズオプションのいずれかをご利用いただけます：

• 企業プロファイル
  • 追加市場プレーヤーの包括的プロファイリング（3社まで）
  • 主要企業のSWOT分析（3社まで）
• 地域セグメンテーション
  • 顧客の関心に応じた主要国の市場推計・予測・CAGR（注：フィージビリティチェックによる）
• 競合ベンチマーキング
  • 製品ポートフォリオ、地理的プレゼンス、戦略的提携に基づく主要企業のベンチマーキング

目次

第1章 エグゼクティブサマリー

第2章 序文

• 概要
• ステークホルダー
• 調査範囲
• 調査手法
  • データマイニング
  • データ分析
  • データ検証
  • 調査アプローチ
• 調査ソース
  • 1次調査ソース
  • 2次調査ソース
  • 前提条件

第3章 市場動向分析

• 促進要因
• 抑制要因
• 機会
• 脅威
• 用途分析
• エンドユーザー分析
• 新興市場
• 新型コロナウイルス感染症（COVID-19）の影響

第4章 ポーターのファイブフォース分析

• 供給企業の交渉力
• 買い手の交渉力
• 代替品の脅威
• 新規参入業者の脅威
• 競争企業間の敵対関係

第5章 世界のスマート変圧器市場：コンポーネント別

• ハードウェア
• スイッチ
  • パワーダイオード
  • 炭化ケイ素（SIC）パワーMOSFET
• コンバーター
  • AC-ACコンバータ
  • DC-ACコンバータ
  • DC/DCコンバータ
  • AC/DCコンバータ
• 変電所自動化ツール
• その他のコンポーネント

第6章 世界のスマート変圧器市場：用途別

• 電気自動車の充電
• スマートグリッド
• その他の用途

第7章 世界のスマート変圧器市場：エンドユーザー別

• 商業
• 産業
• その他のエンドユーザー

第8章 世界のスマート変圧器市場：地域別

• 北米
  • 米国
  • カナダ
  • メキシコ
• 欧州
  • ドイツ
  • 英国
  • イタリア
  • フランス
  • スペイン
  • その他欧州
• アジア太平洋地域
  • 日本
  • 中国
  • インド
  • オーストラリア
  • ニュージーランド
  • 韓国
  • その他アジア太平洋地域
• 南米
  • アルゼンチン
  • ブラジル
  • チリ
  • その他南米
• 中東とアフリカ
  • サウジアラビア
  • アラブ首長国連邦
  • カタール
  • 南アフリカ
  • その他中東とアフリカ

第9章 主な発展

• 契約、パートナーシップ、コラボレーション、合弁事業
• 買収と合併
• 新製品の発売
• 事業拡大
• その他の主要戦略

第10章 企業プロファイル

• ABB Ltd
• CG Power and Industrial Solutions Limited
• Eaton Corporation PLC
• GE Power
• General Electric Company
• Hitachi Ltd
• KONCAR-Electrical Industry Inc
• Mitsubishi Electric Corporation
• Schneider Electric SE
• Siemens AG
• SPX Transformer Solutions Inc.

List of Tables

• Table 1 Global Smart Transformers Market Outlook, By Region (2021-2030) ($MN)
• Table 2 Global Smart Transformers Market Outlook, By Component (2021-2030) ($MN)
• Table 3 Global Smart Transformers Market Outlook, By Hardware (2021-2030) ($MN)
• Table 4 Global Smart Transformers Market Outlook, By Switches (2021-2030) ($MN)
• Table 5 Global Smart Transformers Market Outlook, By Power Diodes (2021-2030) ($MN)
• Table 6 Global Smart Transformers Market Outlook, By Silicon Carbide (SIC) Power Mosfets (2021-2030) ($MN)
• Table 7 Global Smart Transformers Market Outlook, By Converters (2021-2030) ($MN)
• Table 8 Global Smart Transformers Market Outlook, By AC to AC Converters (2021-2030) ($MN)
• Table 9 Global Smart Transformers Market Outlook, By DC to AC Converters (2021-2030) ($MN)
• Table 10 Global Smart Transformers Market Outlook, By DC to DC Converters (2021-2030) ($MN)
• Table 11 Global Smart Transformers Market Outlook, By AC to DC Converters (2021-2030) ($MN)
• Table 12 Global Smart Transformers Market Outlook, By Substation Automation Tools (2021-2030) ($MN)
• Table 13 Global Smart Transformers Market Outlook, By Other Components (2021-2030) ($MN)
• Table 14 Global Smart Transformers Market Outlook, By Application (2021-2030) ($MN)
• Table 15 Global Smart Transformers Market Outlook, By Electric Vehicle Charging (2021-2030) ($MN)
• Table 16 Global Smart Transformers Market Outlook, By Smart Grid (2021-2030) ($MN)
• Table 17 Global Smart Transformers Market Outlook, By Other Applications (2021-2030) ($MN)
• Table 18 Global Smart Transformers Market Outlook, By End User (2021-2030) ($MN)
• Table 19 Global Smart Transformers Market Outlook, By Commercial (2021-2030) ($MN)
• Table 20 Global Smart Transformers Market Outlook, By Industrial (2021-2030) ($MN)
• Table 21 Global Smart Transformers Market Outlook, By Other End Users (2021-2030) ($MN)
• Table 22 North America Smart Transformers Market Outlook, By Country (2021-2030) ($MN)
• Table 23 North America Smart Transformers Market Outlook, By Component (2021-2030) ($MN)
• Table 24 North America Smart Transformers Market Outlook, By Hardware (2021-2030) ($MN)
• Table 25 North America Smart Transformers Market Outlook, By Switches (2021-2030) ($MN)
• Table 26 North America Smart Transformers Market Outlook, By Power Diodes (2021-2030) ($MN)
• Table 27 North America Smart Transformers Market Outlook, By Silicon Carbide (SIC) Power Mosfets (2021-2030) ($MN)
• Table 28 North America Smart Transformers Market Outlook, By Converters (2021-2030) ($MN)
• Table 29 North America Smart Transformers Market Outlook, By AC to AC Converters (2021-2030) ($MN)
• Table 30 North America Smart Transformers Market Outlook, By DC to AC Converters (2021-2030) ($MN)
• Table 31 North America Smart Transformers Market Outlook, By DC to DC Converters (2021-2030) ($MN)
• Table 32 North America Smart Transformers Market Outlook, By AC to DC Converters (2021-2030) ($MN)
• Table 33 North America Smart Transformers Market Outlook, By Substation Automation Tools (2021-2030) ($MN)
• Table 34 North America Smart Transformers Market Outlook, By Other Components (2021-2030) ($MN)
• Table 35 North America Smart Transformers Market Outlook, By Application (2021-2030) ($MN)
• Table 36 North America Smart Transformers Market Outlook, By Electric Vehicle Charging (2021-2030) ($MN)
• Table 37 North America Smart Transformers Market Outlook, By Smart Grid (2021-2030) ($MN)
• Table 38 North America Smart Transformers Market Outlook, By Other Applications (2021-2030) ($MN)
• Table 39 North America Smart Transformers Market Outlook, By End User (2021-2030) ($MN)
• Table 40 North America Smart Transformers Market Outlook, By Commercial (2021-2030) ($MN)
• Table 41 North America Smart Transformers Market Outlook, By Industrial (2021-2030) ($MN)
• Table 42 North America Smart Transformers Market Outlook, By Other End Users (2021-2030) ($MN)
• Table 43 Europe Smart Transformers Market Outlook, By Country (2021-2030) ($MN)
• Table 44 Europe Smart Transformers Market Outlook, By Component (2021-2030) ($MN)
• Table 45 Europe Smart Transformers Market Outlook, By Hardware (2021-2030) ($MN)
• Table 46 Europe Smart Transformers Market Outlook, By Switches (2021-2030) ($MN)
• Table 47 Europe Smart Transformers Market Outlook, By Power Diodes (2021-2030) ($MN)
• Table 48 Europe Smart Transformers Market Outlook, By Silicon Carbide (SIC) Power Mosfets (2021-2030) ($MN)
• Table 49 Europe Smart Transformers Market Outlook, By Converters (2021-2030) ($MN)
• Table 50 Europe Smart Transformers Market Outlook, By AC to AC Converters (2021-2030) ($MN)
• Table 51 Europe Smart Transformers Market Outlook, By DC to AC Converters (2021-2030) ($MN)
• Table 52 Europe Smart Transformers Market Outlook, By DC to DC Converters (2021-2030) ($MN)
• Table 53 Europe Smart Transformers Market Outlook, By AC to DC Converters (2021-2030) ($MN)
• Table 54 Europe Smart Transformers Market Outlook, By Substation Automation Tools (2021-2030) ($MN)
• Table 55 Europe Smart Transformers Market Outlook, By Other Components (2021-2030) ($MN)
• Table 56 Europe Smart Transformers Market Outlook, By Application (2021-2030) ($MN)
• Table 57 Europe Smart Transformers Market Outlook, By Electric Vehicle Charging (2021-2030) ($MN)
• Table 58 Europe Smart Transformers Market Outlook, By Smart Grid (2021-2030) ($MN)
• Table 59 Europe Smart Transformers Market Outlook, By Other Applications (2021-2030) ($MN)
• Table 60 Europe Smart Transformers Market Outlook, By End User (2021-2030) ($MN)
• Table 61 Europe Smart Transformers Market Outlook, By Commercial (2021-2030) ($MN)
• Table 62 Europe Smart Transformers Market Outlook, By Industrial (2021-2030) ($MN)
• Table 63 Europe Smart Transformers Market Outlook, By Other End Users (2021-2030) ($MN)
• Table 64 Asia Pacific Smart Transformers Market Outlook, By Country (2021-2030) ($MN)
• Table 65 Asia Pacific Smart Transformers Market Outlook, By Component (2021-2030) ($MN)
• Table 66 Asia Pacific Smart Transformers Market Outlook, By Hardware (2021-2030) ($MN)
• Table 67 Asia Pacific Smart Transformers Market Outlook, By Switches (2021-2030) ($MN)
• Table 68 Asia Pacific Smart Transformers Market Outlook, By Power Diodes (2021-2030) ($MN)
• Table 69 Asia Pacific Smart Transformers Market Outlook, By Silicon Carbide (SIC) Power Mosfets (2021-2030) ($MN)
• Table 70 Asia Pacific Smart Transformers Market Outlook, By Converters (2021-2030) ($MN)
• Table 71 Asia Pacific Smart Transformers Market Outlook, By AC to AC Converters (2021-2030) ($MN)
• Table 72 Asia Pacific Smart Transformers Market Outlook, By DC to AC Converters (2021-2030) ($MN)
• Table 73 Asia Pacific Smart Transformers Market Outlook, By DC to DC Converters (2021-2030) ($MN)
• Table 74 Asia Pacific Smart Transformers Market Outlook, By AC to DC Converters (2021-2030) ($MN)
• Table 75 Asia Pacific Smart Transformers Market Outlook, By Substation Automation Tools (2021-2030) ($MN)
• Table 76 Asia Pacific Smart Transformers Market Outlook, By Other Components (2021-2030) ($MN)
• Table 77 Asia Pacific Smart Transformers Market Outlook, By Application (2021-2030) ($MN)
• Table 78 Asia Pacific Smart Transformers Market Outlook, By Electric Vehicle Charging (2021-2030) ($MN)
• Table 79 Asia Pacific Smart Transformers Market Outlook, By Smart Grid (2021-2030) ($MN)
• Table 80 Asia Pacific Smart Transformers Market Outlook, By Other Applications (2021-2030) ($MN)
• Table 81 Asia Pacific Smart Transformers Market Outlook, By End User (2021-2030) ($MN)
• Table 82 Asia Pacific Smart Transformers Market Outlook, By Commercial (2021-2030) ($MN)
• Table 83 Asia Pacific Smart Transformers Market Outlook, By Industrial (2021-2030) ($MN)
• Table 84 Asia Pacific Smart Transformers Market Outlook, By Other End Users (2021-2030) ($MN)
• Table 85 South America Smart Transformers Market Outlook, By Country (2021-2030) ($MN)
• Table 86 South America Smart Transformers Market Outlook, By Component (2021-2030) ($MN)
• Table 87 South America Smart Transformers Market Outlook, By Hardware (2021-2030) ($MN)
• Table 88 South America Smart Transformers Market Outlook, By Switches (2021-2030) ($MN)
• Table 89 South America Smart Transformers Market Outlook, By Power Diodes (2021-2030) ($MN)
• Table 90 South America Smart Transformers Market Outlook, By Silicon Carbide (SIC) Power Mosfets (2021-2030) ($MN)
• Table 91 South America Smart Transformers Market Outlook, By Converters (2021-2030) ($MN)
• Table 92 South America Smart Transformers Market Outlook, By AC to AC Converters (2021-2030) ($MN)
• Table 93 South America Smart Transformers Market Outlook, By DC to AC Converters (2021-2030) ($MN)
• Table 94 South America Smart Transformers Market Outlook, By DC to DC Converters (2021-2030) ($MN)
• Table 95 South America Smart Transformers Market Outlook, By AC to DC Converters (2021-2030) ($MN)
• Table 96 South America Smart Transformers Market Outlook, By Substation Automation Tools (2021-2030) ($MN)
• Table 97 South America Smart Transformers Market Outlook, By Other Components (2021-2030) ($MN)
• Table 98 South America Smart Transformers Market Outlook, By Application (2021-2030) ($MN)
• Table 99 South America Smart Transformers Market Outlook, By Electric Vehicle Charging (2021-2030) ($MN)
• Table 100 South America Smart Transformers Market Outlook, By Smart Grid (2021-2030) ($MN)
• Table 101 South America Smart Transformers Market Outlook, By Other Applications (2021-2030) ($MN)
• Table 102 South America Smart Transformers Market Outlook, By End User (2021-2030) ($MN)
• Table 103 South America Smart Transformers Market Outlook, By Commercial (2021-2030) ($MN)
• Table 104 South America Smart Transformers Market Outlook, By Industrial (2021-2030) ($MN)
• Table 105 South America Smart Transformers Market Outlook, By Other End Users (2021-2030) ($MN)
• Table 106 Middle East & Africa Smart Transformers Market Outlook, By Country (2021-2030) ($MN)
• Table 107 Middle East & Africa Smart Transformers Market Outlook, By Component (2021-2030) ($MN)
• Table 108 Middle East & Africa Smart Transformers Market Outlook, By Hardware (2021-2030) ($MN)
• Table 109 Middle East & Africa Smart Transformers Market Outlook, By Switches (2021-2030) ($MN)
• Table 110 Middle East & Africa Smart Transformers Market Outlook, By Power Diodes (2021-2030) ($MN)
• Table 111 Middle East & Africa Smart Transformers Market Outlook, By Silicon Carbide (SIC) Power Mosfets (2021-2030) ($MN)
• Table 112 Middle East & Africa Smart Transformers Market Outlook, By Converters (2021-2030) ($MN)
• Table 113 Middle East & Africa Smart Transformers Market Outlook, By AC to AC Converters (2021-2030) ($MN)
• Table 114 Middle East & Africa Smart Transformers Market Outlook, By DC to AC Converters (2021-2030) ($MN)
• Table 115 Middle East & Africa Smart Transformers Market Outlook, By DC to DC Converters (2021-2030) ($MN)
• Table 116 Middle East & Africa Smart Transformers Market Outlook, By AC to DC Converters (2021-2030) ($MN)
• Table 117 Middle East & Africa Smart Transformers Market Outlook, By Substation Automation Tools (2021-2030) ($MN)
• Table 118 Middle East & Africa Smart Transformers Market Outlook, By Other Components (2021-2030) ($MN)
• Table 119 Middle East & Africa Smart Transformers Market Outlook, By Application (2021-2030) ($MN)
• Table 120 Middle East & Africa Smart Transformers Market Outlook, By Electric Vehicle Charging (2021-2030) ($MN)
• Table 121 Middle East & Africa Smart Transformers Market Outlook, By Smart Grid (2021-2030) ($MN)
• Table 122 Middle East & Africa Smart Transformers Market Outlook, By Other Applications (2021-2030) ($MN)
• Table 123 Middle East & Africa Smart Transformers Market Outlook, By End User (2021-2030) ($MN)
• Table 124 Middle East & Africa Smart Transformers Market Outlook, By Commercial (2021-2030) ($MN)
• Table 125 Middle East & Africa Smart Transformers Market Outlook, By Industrial (2021-2030) ($MN)
• Table 126 Middle East & Africa Smart Transformers Market Outlook, By Other End Users (2021-2030) ($MN)

According to Stratistics MRC, the Global Smart Transformers Market is accounted for $3.0 billion in 2023 and is expected to reach $6.9 billion by 2030 growing at a CAGR of 12.7% during the forecast period. An essential component of smart grids, smart transformers operate independently to continuously control voltage, keep the grid connected so that remote administration is possible, and deliver data and feedback regarding the power supply. A smart transformer achieves this through a process called voltage optimization. It provides the exact amount of electricity needed and adapts rapidly to changes in the power grid, functioning as a voltage regulator to maintain the optimized voltage.

According to International Energy Agency, in 2021, USD 289 billion was spent on smart grid development, increasing from USD 262.6 billion in 2020.

Market Dynamics:

Driver:

Growing demand for efficient power grids

As urbanization, industrialization, and digitalization continue to expand worldwide, there is a heightened need for electricity to power homes, businesses, and critical infrastructure. Traditional power distribution systems often struggle to handle the complexities of modern energy demands, leading to inefficiencies, voltage fluctuations, and reliability issues. Smart transformers offer a solution by incorporating advanced monitoring, control, and optimization capabilities. These transformers enable utilities and grid operators to enhance grid efficiency, reduce losses, and improve overall reliability.

Restraint:

High initial costs

While these transformers offer advanced monitoring, control, and optimization capabilities, the upfront investment required for their deployment can be substantial. The costs include not only the purchase of smart transformer equipment but also expenses related to installation, integration with existing grid infrastructure, and implementation of communication and monitoring systems. However, for utilities and grid operators, especially those operating on tight budgets or facing financial constraints, the prospect of making such significant investments upfront may act as a deterrent to adopting smart transformer solutions.

Opportunity:

Technological advancements

Innovations in materials, electronics, and communication technologies have revolutionized the capabilities of transformers, enabling them to become smarter, more efficient, and more reliable. Advanced materials such as silicon carbide (SiC) and gallium nitride (GaN) are enhancing the efficiency and power handling capabilities of transformers, reducing losses and improving overall performance. Moreover, the integration of digital monitoring systems, sensors, and sophisticated control algorithms allows smart transformers to provide real-time insights into grid conditions, enabling utilities to optimize operations and enhance grid resilience.

Threat:

Cybersecurity concerns

As integral components of modern grid infrastructure, smart transformers are vulnerable to cyber threats such as hacking, malware, and data breaches. The interconnectedness and digitization of smart grid systems increase their exposure to potential cyber attacks, which could compromise grid reliability, data integrity, and even public safety. Utilities and grid operators must implement robust cybersecurity measures to safeguard smart transformers and the broader grid ecosystem. However, ensuring cybersecurity can be challenging due to the evolving nature of cyber threats, the complexity of smart grid networks, and the need for continuous monitoring and updates to address vulnerabilities.

Covid-19 Impact:

Initially, the market experienced disruptions due to supply chain interruptions, manufacturing delays, and project postponements caused by lockdowns and restrictions on movement. Uncertainty regarding the duration and severity of the pandemic also led to cautious spending among utilities and grid operators, affecting investment decisions in smart grid infrastructure, including smart transformers. However, as the pandemic highlighted the importance of resilient and efficient energy infrastructure, there has been a growing recognition of the role of smart transformers in enhancing grid reliability, enabling remote monitoring, and supporting remote operations and maintenance activities.

The hardware segment is expected to be the largest during the forecast period

Hardware segment commanded the largest share throughout the forecast period. Advancements in materials and electronics have led to the development of more efficient and reliable hardware components for smart transformers, such as advanced semiconductor devices, high-performance transformers, and sensors. Additionally, these technological innovations enable smart transformers to deliver enhanced functionalities, including real-time monitoring, predictive maintenance, and self-healing capabilities, thereby addressing the evolving needs of modern grid infrastructure.

The electric vehicle charging segment is expected to have the highest CAGR during the forecast period

Electric Vehicle Charging segment is poised to hold profitable growth over the projection period as the increasing adoption of electric vehicles globally is leading to a surge in demand for EV charging infrastructure, including fast chargers deployed in public spaces, workplaces, and residential areas. Smart transformers play a crucial role in supporting this infrastructure by efficiently managing the increased electricity demand from EV charging stations, ensuring grid stability, and minimizing overloads. Additionally, smart transformers equipped with advanced monitoring and control capabilities enable utilities to implement dynamic charging strategies, such as demand response and load balancing, to optimize grid operations and accommodate the variable charging patterns of EVs.

Region with largest share:

Due to the growing adoption of renewable energy sources like solar and wind power requires advanced grid technologies for efficient integration, Asia Pacific region commanded the largest share of the market over the extrapolated period. Smart transformers facilitate smooth integration of renewable energy into the grid by managing voltage fluctuations and ensuring grid stability. Many countries are dealing with aging power grid infrastructure, leading to issues such as frequent outages and voltage fluctuations. These factors are boosting the regional growth.

Region with highest CAGR:

North America region is projected to witness substantial growth during the estimated time frame as the growing adoption of electric vehicles is placing additional strain on existing power infrastructure. Smart transformers can support the charging infrastructure for EVs by managing the increased demand for electricity in an efficient and reliable manner. The market is driven by the power industry's growing digitalization and the growing need to strengthen the grid. Furthermore, North American nations are concentrating on modifying, substituting, and extending their outdated grid infrastructure in order to enhance the grid's energy efficiency, monitoring, and power quality.

Key players in the market

Some of the key players in Smart Transformers market include ABB Ltd, CG Power and Industrial Solutions Limited, Eaton Corporation PLC, GE Power, General Electric Company, Hitachi Ltd, KONCAR - Electrical Industry Inc, Mitsubishi Electric Corporation, Schneider Electric SE, Siemens AG and SPX Transformer Solutions Inc.

Key Developments:

In April 2023, Eaton invests $500+ million in North American manufacturing, boosting essential technology capacity for infrastructure projects, specifically transformers. Signifying a significant step in strengthening regional manufacturing capabilities.

In February 2022, the Indian state government of Madhya Pradesh was set to expand and modernize its electricity network by deploying smart meters and smart grid technologies using EUR 140 million secured from German bank KfW. The modernization of the smart grid is expected to include all facets of technologies, including smart transformers.

Components Covered:

• Hardware
• Switches
• Converters
• Substation Automation Tools
• Other Components

Applications Covered:

• Electric Vehicle Charging
• Smart Grid
• Other Applications

End Users Covered:

• Commercial
• Industrial
• Other End Users

Regions Covered:

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • Italy
  • France
  • Spain
  • Rest of Europe
• Asia Pacific
  • Japan
  • China
  • India
  • Australia
  • New Zealand
  • South Korea
  • Rest of Asia Pacific
• South America
  • Argentina
  • Brazil
  • Chile
  • Rest of South America
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Qatar
  • South Africa
  • Rest of Middle East & Africa

What our report offers:

• Market share assessments for the regional and country-level segments
• Strategic recommendations for the new entrants
• Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
• Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
• Strategic recommendations in key business segments based on the market estimations
• Competitive landscaping mapping the key common trends
• Company profiling with detailed strategies, financials, and recent developments
• Supply chain trends mapping the latest technological advancements

Free Customization Offerings:

All the customers of this report will be entitled to receive one of the following free customization options:

• Company Profiling
  • Comprehensive profiling of additional market players (up to 3)
  • SWOT Analysis of key players (up to 3)
• Regional Segmentation
  • Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
  • Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary

2 Preface

• 2.1 Abstract
• 2.2 Stake Holders
• 2.3 Research Scope
• 2.4 Research Methodology
  • 2.4.1 Data Mining
  • 2.4.2 Data Analysis
  • 2.4.3 Data Validation
  • 2.4.4 Research Approach
• 2.5 Research Sources
  • 2.5.1 Primary Research Sources
  • 2.5.2 Secondary Research Sources
  • 2.5.3 Assumptions

3 Market Trend Analysis

• 3.1 Introduction
• 3.2 Drivers
• 3.3 Restraints
• 3.4 Opportunities
• 3.5 Threats
• 3.6 Application Analysis
• 3.7 End User Analysis
• 3.8 Emerging Markets
• 3.9 Impact of Covid-19

4 Porters Five Force Analysis

• 4.1 Bargaining power of suppliers
• 4.2 Bargaining power of buyers
• 4.3 Threat of substitutes
• 4.4 Threat of new entrants
• 4.5 Competitive rivalry

5 Global Smart Transformers Market, By Component

• 5.1 Introduction
• 5.2 Hardware
• 5.3 Switches
  • 5.3.1 Power Diodes
  • 5.3.2 Silicon Carbide (SIC) Power Mosfets
• 5.4 Converters
  • 5.4.1 AC to AC Converters
  • 5.4.2 DC to AC Converters
  • 5.4.3 DC to DC Converters
  • 5.4.4 AC to DC Converters
• 5.5 Substation Automation Tools
• 5.6 Other Components

6 Global Smart Transformers Market, By Application

• 6.1 Introduction
• 6.2 Electric Vehicle Charging
• 6.3 Smart Grid
• 6.4 Other Applications

7 Global Smart Transformers Market, By End User

• 7.1 Introduction
• 7.2 Commercial
• 7.3 Industrial
• 7.4 Other End Users

8 Global Smart Transformers Market, By Geography

• 8.1 Introduction
• 8.2 North America
  • 8.2.1 US
  • 8.2.2 Canada
  • 8.2.3 Mexico
• 8.3 Europe
  • 8.3.1 Germany
  • 8.3.2 UK
  • 8.3.3 Italy
  • 8.3.4 France
  • 8.3.5 Spain
  • 8.3.6 Rest of Europe
• 8.4 Asia Pacific
  • 8.4.1 Japan
  • 8.4.2 China
  • 8.4.3 India
  • 8.4.4 Australia
  • 8.4.5 New Zealand
  • 8.4.6 South Korea
  • 8.4.8 Rest of Asia Pacific
• 8.5 South America
  • 8.5.1 Argentina
  • 8.5.2 Brazil
  • 8.5.3 Chile
  • 8.5.4 Rest of South America
• 8.6 Middle East & Africa
  • 8.6.1 Saudi Arabia
  • 8.6.2 UAE
  • 8.6.3 Qatar
  • 8.6.4 South Africa
  • 8.6.5 Rest of Middle East & Africa

9 Key Developments

• 9.1 Agreements, Partnerships, Collaborations and Joint Ventures
• 9.2 Acquisitions & Mergers
• 9.3 New Product Launch
• 9.4 Expansions
• 9.5 Other Key Strategies

10 Company Profiling

• 10.1 ABB Ltd
• 10.2 CG Power and Industrial Solutions Limited
• 10.3 Eaton Corporation PLC
• 10.4 GE Power
• 10.5 General Electric Company
• 10.6 Hitachi Ltd
• 10.7 KONCAR - Electrical Industry Inc
• 10.8 Mitsubishi Electric Corporation
• 10.9 Schneider Electric SE
• 10.10 Siemens AG
• 10.11 SPX Transformer Solutions Inc.