The article authored by Shaista Naz, Analyst at PTR Inc. elucidates that the global transformer market is transitioning from conventional to smart transformers to support the growing deployment of renewable energy. Smart transformers offer benefits like remote monitoring, enhanced efficiency, and improved functionality, with initiatives in advanced economies, such as the EU’s regulations, Smart Grids Task Force, Transformer Resilience, and Advanced Components (TRAC) Program, and the Grip Smart Program, expected to drive the adoption of smart transformers. Projections from PTR Inc. indicate a 5.8% Compound Annual Growth Rate (CAGR) in the installed base of distribution transformers from 2022 to 2027. Equipped with advanced technologies like power electronics, digital control, and communication systems, smart transformers enhance efficiency and are crucial for addressing the challenges posed by evolving grid dynamics. The integration of emerging technologies like the Internet of Things (IoT) into transformers further contributes to grid reliability by providing valuable insights to utilities and system operators.
Follow this link to learn more: Smart Transformers: Revolutionizing the renewable energy landscape
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