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ormazabal.com

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About Ormazabal

Ormazabal is a Spanish-based medium-voltage grid gear vendor.

Ormazabal Headquarter Location

Spain

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Latest Ormazabal News

Smart Transformer Market to Rise at 14.5% CAGR till 2026; Rise in Popularity of Electric Vehicles will Add Impetus to Market, says Fortune Business Insights™

Aug 28, 2020

Key Companies Covered in Smart Transformer Market Research Report Are SPX Transformer Solutions Inc. (US), CG Power and Industrial Solutions Limited (India), Ormazabal (Spain), Powerstar (England), GE Power (U.S), Mitsubishi Electric (Japan), Triad Magnetics (California), Siemens (Germany), Alstom (France), ABB (Switzerland), Eaton (Ireland), Schneider Electric (France). | Source: Fortune Business Insights Pune, Aug. 28, 2020 (GLOBE NEWSWIRE) -- The global Smart Transformer Market size is expected to reach USD 5.04 billion by 2026 on account of the increasing demand for smooth power supply and the rise in focus on producing alternate energy worldwide. Smart transformers provide the necessary amount of power via the voltage optimization process and give instant response to any fluctuations in the power grid to maintain the smooth functioning of the power grid. According to a recently published report by Fortune Business insights™ titled, smart transformer market Size, Share and Global Trend By Type (Power, Distribution, Specialty, and Instrument), By Application (Smart Grid, Traction Locomotive, Electric Vehicle Infrastructure, and Others), and Geography Forecast till 2026,” the market size was USD 1.72 billion in 2018 and is expected to rise at a CAGR of 14.5% within 2019 to 2026. Click here to get the short-term and long-term impact of COVID-19 on this market. The emergence of COVID-19 has brought the world to a standstill. We understand that this health crisis has brought an unprecedented impact on businesses across industries. However, this too shall pass. Rising support from governments and several companies can help in the fight against this highly contagious disease. There are some industries that are struggling and some are thriving. Overall, almost every sector is anticipated to be impacted by the pandemic. We are taking continuous efforts to help your business sustain and grow during COVID-19 pandemics. Based on our experience and expertise, we will offer you an impact analysis of coronavirus outbreak across industries to help you prepare for the future. Highlights of the Report The report on the smart transformer market offers a comprehensive overview of the market and its prime growth trajectories. These include growth drivers, restraints, challenges, and opportunities. Apart from this, the report also throws light on recent developments, current smart transformer market trends, and other interesting insights related to the market. The report also provides detailed segmentation of the market based on type, application, and regions and the competitive landscape. It also lists the names of key players operating in the market and discusses the major strategies adopted by them to maintain a strong foothold in the market. Get Sample PDF Brochure: https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/smart-transformers-market-101199 Market Drivers Increasing Popularity of Electric Vehicles to Add Impetus to Market The advent of digitalization in power utilities is a significant factor in promoting the smart transformer market growth. Besides this, the rise in emphasis on alternate energy production worldwide and smart transformers in power systems will also aid in the expansion of the market. Additionally, governments of various nations are investing huge sums into energy systems and smart grids, and this will also bode well for the market. However, factors such as high initial cost of installing electrical transformers, lack of data for successful planning may restrict the growth of the market. Nevertheless, the rise in the popularity of the electric vehicle market and increasing demand for allied infrastructure will create lucrative growth opportunities for the market in the forecast period. Speak to Analyst: https://www.fortunebusinessinsights.com/enquiry/speak-to-analyst/smart-transformers-market-101199 Geographical Segmentation: Europe and North America will Witness Significant Growth Owing to Increasing Investments in Existing Grid Infrastructures Region-wise, the global smart transformer market is categorized into Europe, North America, Asia Pacific, Latin America, and the Middle East and Africa. Each of these nations is further classified into countries. Among these, Asia Pacific earned $0.71 billion in 2018. This is attributable to the rise in smart grid projects in the region. Most of the nations in this region are emphasizing on investing in smart grid projects and improving the grid stability in such projects. As per the World Energy Scenario 2019, China invested USD 500 billion on the smart grid and renewable energy projects. Such projects, supported by massive investments and government initiatives, are likely to help this region grow remarkably in the forecast period as well. On the other side, North America and Europe will earn significant smart transformer market shares on account of the rise in investments from utilities for up-gradation of the existing grid infrastructures, coupled with the increase of digitalization in the power industry. European nations are emphasizing on the expansion, refurbishment, and replacement of the aging grid infrastructures and are thus investing enormous sums for the same. Such active participation in upgrading existing grids will help these markets grow promisingly in the coming years. Competitive Landscape: Key Players Focusing on Heavy Investments in Power Projects Major vendors are focusing on adopting various strategies to strengthen their product portfolio and attract high smart transformer market revenue in the forecast period. These strategies include merger and acquisition, contracts and agreements, investments in product development, the launch of new products, and other collaborative efforts. List of Key Companies Profiled In Smart Transformer Market Manufacturers are: SPX Transformer Solutions Inc. (US) CG Power and Industrial Solutions Limited (India) Ormazabal (Spain) Significant Industry Developments of Smart Transformers Market Include: April 2018 –  Hyundai Power Transformers USA, Inc. invested USD 33 million in Alabama, the US, to increase its production capacity of power transformers by more than 60%. The company strongly believes this investment will help to strengthen the position of the company in the coming years. November 2018 – The world’s first dry-type (oil-free) transformer with the coil and the core can be cooled by air was launched by ABB. Non-flammable solid insulation material and air can be utilized for offshore applications. Quick Buy – Smart Transformer Market Research Report: https://www.fortunebusinessinsights.com/checkout-page/101199 Detailed Table of Content Have a Look at Related Research Insights: Transformer Service Market Size, Share and Global Trend By Type (Testing & Monitoring, Maintenance, Others), By Application (Distribution Transformers, Power Transformers, Others) and Geography Forecast till 2026 Transformer Monitoring System Market Size, Share and Global Trend By Type (Hardware, Software) By Service (Oil/Gas Monitoring, Bushing Monitoring, Temperature Monitoring, Partial Discharge Monitoring), By Application (Distribution Transformers, Power Transformers, Others) and Geography Forecast till 2026 Power Cables Market Size, Share & Industry Analysis, By Installation (Overhead, Underground and Submarine) By Cable Type (Low Voltage Cable, Medium Voltage Cable, High Voltage Cable), By Voltage (Up to 240V, 240V-1kV, 1kV-15kV, 15kV-100kV, 100kV-250kV, Above 250kV), By Application (Residential, Commercial, Industrial and Utility), and Regional Forecast, 2020-2027 Cables & Accessories Market Size, Share and Global Trend By Voltage (Low, Medium, High), By Installation (Overhead Cables and Accessories, Underground Cables & Accessories), By End-User (Commercial & Residential, Transportation, Utilities, Oil & Gas, Mining & Metals, Chemical & Petrochemicals, Renewables, Others), and Geography Forecast till 2026 HVDC Cables Market Size, Share and Global Trend, By Cable Type (Mass Impregnated, Extruded, Others), By Transmission Lines (Overhead Line, Underground Line, Submarine Line), and Geography Forecast till 2026 About Us: Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in. Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data. At Fortune Business Insights™, we aim at highlighting the most lucrative growth opportunities for our clients. We therefore offer recommendations, making it easier for them to navigate through technological and market-related changes. Our consulting services are designed to help organizations identify hidden opportunities and understand prevailing competitive challenges. Contact Us: 308, Supreme Headquarters,

Ormazabal Acquisitions

1 Acquisition

Ormazabal acquired 1 company. Their latest acquisition was CURRENT Group on March 07, 2013.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

3/7/2013

Unattributed VC - V

$323M

Acquired

1

Date

3/7/2013

Investment Stage

Unattributed VC - V

Companies

Valuation

Total Funding

$323M

Note

Acquired

Sources

1

Ormazabal Team

2 Team Members

Ormazabal has 2 team members, including former President, Javier Ormazabal Echevarria.

Name

Work History

Title

Status

Javier Ormazabal Echevarria

President

Former

Santiago Bañales

Managing Director

Former

Name

Javier Ormazabal Echevarria

Santiago Bañales

Work History

Title

President

Managing Director

Status

Former

Former

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