Asia-Pacific smart transformers market is expected to grow at CAGR of around 10% during the forecast period. Smart transformers are eco-friendly and energy efficient devices which regulate voltage, maintain contact with smart grid to permit remote access, and provide feedback in a power supply system. They provide remote access which saves both time and resources of users. Additionally, an in-built monitoring system of smart transformers improves reliability by keeping a watch on critical components, such as winding, core, tap changer and others. Smart transformers have a wide range of application ranging from alternative power generation to traction locomotives, electric industries, smart grid, among others.

Increasing power demand, growing emphasis on production of alternative forms of energy, improving & evolving technologies, increasing investments in smart grids and energy systems, digitalization of power utilities, among others are some of the significant factors driving the Asia-Pacific smart transformers market. Additionally, development of new power infrastructure, expansion in transmission & distribution infrastructure and grid interconnection is further propelling growth in the market. Moreover, smart transformers help in neutralizing fluctuations in electricity supply, thereby further fuelling their demand across the region.

The Asia-Pacific smart transformers market is segmented based on component, product type, application, country and company. Based on component, the market can be categorized into converters, switches, transformers, hardware for transformer monitoring and others. The converters segment is expected to grow at a fast pace during the forecast period since they can provide the output of current in both AC & DC form as per requirement. Based on type, the market can be fragmented into power transformers, distribution transformers, specialty transformers and instrument transformers. The distribution transformers dominate the market on account of less power outages and efficient load management.

Regionally, the smart transformers market is gaining traction and expanding to various countries including China, India, Japan, South Korea and Australia. Among these countries, China is expected to dominate the overall smart transformers market followed by India, Japan, South Korea and Australia.   

The major players operating in the smart transformers market are Siemens Aktiengesellschaft, Schneider Electric SE, ABB Ltd., General Electric Company, Eaton Corporation Plc, Crompton Greaves Ltd., Mitsubishi Electric Corporation, Howard Industries, Inc., Maschinenfabrik Reinhausen GmbH, Toshiba Corporation and others. Major companies are developing advanced technologies and launching new products in order to stay competitive in the market. Other competitive strategies include mergers & acquisitions and new product developments.

Years considered for this report:

Historical Years: 2014-2017

Base Year: 2018

Estimated Year: 2019

Forecast Period: 2020–2024

Objective of the Study:

  • To analyze and forecast the market size of Asia-Pacific smart transformers market.
  • To classify and forecast Asia-Pacific smart transformers market based on component, product type, application and company and country distribution.
  • To identify drivers and challenges for Asia-Pacific smart transformers market.
  • To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in Asia-Pacific smart transformers market.
  • To conduct pricing analysis for Asia-Pacific smart transformers market.
  • To identify and analyze the profile of leading players operating in Asia-Pacific smart transformers market.


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TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of manufacturers across the region. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the manufacturers which could not be identified due to the limitations of secondary research. TechSci Research analyzed the manufacturers, distribution channels and presence of all major players across the region.

TechSci Research calculated the market size of Asia-Pacific smart transformers market by using a bottom-up approach, wherein data for various end-user segments was recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by TechSci Research.


Key Target Audience:

  • Smart transformers manufacturers and suppliers
  • Market research and consulting firms
  • Government bodies such as regulating authorities and policy makers
  • Organizations, forums and alliances related to smart transformers

The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturers, suppliers and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.

Report Scope:

In this report, Asia-Pacific smart transformers market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

  • Market, By Component:
    • Converters
    • Switches
    • Transformers
    • Hardware for Transformer Monitoring
    • Others
  • Market, By Product Type:
    • Power Transformers
    • Distribution Transformers
    • Specialty Transformers
    • Instrument Transformers
  • Market, By Application:

o   Traction Locomotive

o   Smart Grid

o   Electric Vehicle Charging

o   Others

  • Market, By Country:
    • China
    • India
    • Japan
    • South Korea
    • Australia

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in Asia-Pacific smart transformers market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

In case you don’t find what you are looking for, please get in touch with our custom research team at sales@techsciresearch.com

1.    Product Overview

2.    Research Methodology

3.    Executive Summary

4.    Voice of Customer

5.    Global Smart Transformer Market Overview

6.    Asia Pacific Smart Transformer Market Outlook

6.1.  Market Size & Forecast

6.1.1. By Value

6.2.  Market Share & Forecast

6.2.1. By Component (Converters, Switches, Transformers, Hardware for Transformer Monitoring, Others)

6.2.2. By Product Type (Power Transformers, Distribution Transformers, Specialty Transformers, Instrument Transformers) 

6.2.3. By Application (Traction Locomotive, Smart Grid, Electric Vehicle Charging, Others)

6.2.4. By Country (China; India; Japan; South Korea; Australia; and Rest of Asia Pacific)

6.2.5. By Company (2018)

6.3.  Product Mapping

7.    China Smart Transformers Market Outlook

7.1.  Market Size & Forecast          

7.1.1. By Value

7.2.  Market Share & Forecast

7.2.1. By Product Type

7.2.2. By Application

8.    India Smart Transformers Market Outlook

8.1.  Market Size & Forecast          

8.1.1. By Value

8.2.  Market Share & Forecast

8.2.1. By Product Type

8.2.2. By Application

9.    Japan Smart Transformers Market Outlook

9.1.  Market Size & Forecast          

9.1.1. By Value

9.2.  Market Share & Forecast

9.2.1. By Product Type

9.2.2. By Application

10.  South Korea Smart Transformers Market Outlook

10.1.              Market Size & Forecast

10.1.1.   By Value

10.2.              Market Share & Forecast

10.2.1.   By Product Type

10.2.2.   By Application

11.  Australia Smart Transformers Market Outlook

11.1.              Market Size & Forecast

11.1.1.   By Value

11.2.              Market Share & Forecast

11.2.1.   By Product Type

11.2.2.   By Application

12.  Market Dynamics

12.1.              Drivers

12.2.              Challenges

13.  Market Trends & Developments

14.  Competitive Landscape

14.1.              Competition Outlook

14.2.              Company Profiles

14.2.1.    Company Details

14.2.2.    Financials (As reported)

14.3.              Regional Players Profiled (Leading Companies)

14.3.1.    Siemens Aktiengesellschaft

14.3.2.    Schneider Electric SE

14.3.3.    ABB Ltd.

14.3.4.    General Electric Company

14.3.5.    Eaton Corporation Plc

14.3.6.    Crompton Greaves Ltd. 

14.3.7.    Mitsubishi Electric Corporation

14.3.8.    Howard Industries, Inc.

14.3.9.    Maschinenfabrik Reinhausen GmbH

14.3.10.  Toshiba Corporation

15.  Strategic Recommendations

 (Note: The companies list can be customized based on the client requirements.)

In case you don’t find what you are looking for, please get in touch with our custom research team at sales@techsciresearch.com