The Smart Transformers market was valued at USD 1.89 billion in 2020 and is expected to reach USD 4.15 billion by 2027, growing at a CAGR of 13% from 2021 to 2027.
The global smart transformer market has witnessed strong growth owing to increasing demand for smart grid technologies and energy storage initiatives. Growing interest in alternative energy production worldwide and increasing digitization of power utilities are driving the market growth. The Global Smart Transformers Market report provides a holistic assessment of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that play a vital role in the market.
A full report of Smart Transformers Market available at https://www.orionmarketreports.com/smart-transformers-market/26467/
Smart Transformers Market: Segmentation
By Type
• Power Transformers
• Specialty Transformers
• Instrument Transformers
• Distribution Transformers
By Component
• Transformers
• Hardware for Transformer Monitoring
• Converters
• Switches
By Application
• Smart Grid
• Electric Vehicle Charging
• Traction Locomotive
• Others
Major Players
• ABB Ltd.
• Siemens AG
• Schneider Electric SE
• Eaton Corporation PLC
• General Electric Company
(This release has been published on OMR Industry Journal. OMR Industry Journal is not responsible for any content included in this release.)
