The hottest is over US $2.4 billion. By 2022, the

Over $2.4 billion! By 2022, the size of the global smart transformer Market

marketsandmarkets, the world's second largest market research institution, recently released a report that the size of the global smart transformer Market in 2017 was about $1.47 billion. It is expected that by 2022, this data will increase to $2.43 billion, with an annual compound growth rate of 10.54%

according to the report, the rapid expansion of global renewable energy, the digital development of power enterprises and the substantial increase in investment in smart electricity and energy systems are the main reasons for the steady and rapid growth of the demand for smart transformers

in 2016, smart electricity is the largest application market of smart transformers. Whether it is conventional electricity or distributed electricity, the use of smart transformers in smart electricity is very critical. This trend is expected to continue until 2022. Smart electricity has the characteristics of two-way communication, real-time monitoring and control network. To this end, the basic step is to implement interactively for end users, and then use intelligent transformers in the power system to further strengthen monitoring and management to avoid power failure

in terms of product types, the demand for intelligent distribution transformers grew fastest in. Intelligent distribution network requires intelligent transformer to communicate with consumers, 20 ⑶ 5 and carry out continuous load monitoring. Distribution transformers are less efficient because they are affected by load fluctuations and have a higher chance of failure. Power distribution sometimes causes the load to be higher than the peak limit of the equipment. Therefore, effective distribution network is very important for correct load management, which can ensure the stability of power supply and reduce the number of power outages

from a regional perspective, the report divides the smart transformer market into six regional markets: North America, Asia Pacific, Europe, South America, the Middle East and Africa. Among them, by 2022, the Asia Pacific region is expected to become the regional market with the largest demand for click report. Especially in China, Japan and India, the increased investment in power transformation and expansion will promote the demand for the stability of distribution network, thus stimulating the market demand for smart transformers

China's smart transformer market accounted for the largest share in the Asia Pacific region in 2016, with the highest installed power generation capacity and distribution capacity in the region, and the market demand for smart transformers also increased. In addition, driven by industrialization and infrastructure construction, the national power demand of this export-oriented economy has increased exponentially in the past few decades. At the same time, the Indian government is also actively promoting the development of renewable energy sources to increase power generation in order to obtain ideal results. The world's third largest power producer plans to generate about 30 gigawatts of electricity from renewable sources in 2017. This requires solid transmission and distribution network infrastructure. These factors are expected to promote the growth of intelligent variable diameter and grade 2 reinforcement similar pressure device market in the Asia Pacific region