Global Smart Transformers Market Growth 2024-2030

Global Smart Transformers Market Growth 2024-2030

Smart transformers, also known as solid-state transformers, control the electric distribution grid. They provide optimized voltage by maintaining the contact with the smart grid to provide feedback about the transformer and power supply through remote administration. Large commercial facilities are increasingly using these transformers, as they cater to the energy needs of the facility efficiently and economically.

The global Smart Transformers market size is projected to grow from US$ 1381.5 million in 2023 to US$ 2108.2 million in 2030; it is expected to grow at a CAGR of 6.2% from 2024 to 2030.

LP Information, Inc. (LPI) ' newest research report, the “Smart Transformers Industry Forecast” looks at past sales and reviews total world Smart Transformers sales in 2023, providing a comprehensive analysis by region and market sector of projected Smart Transformers sales for 2024 through 2030. With Smart Transformers sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Smart Transformers industry.

This Insight Report provides a comprehensive analysis of the global Smart Transformers landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Smart Transformers portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Smart Transformers market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Smart Transformers and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Smart Transformers.

Smart distribution transformers accounted for the highest shares of the smart transformers market in 2017. The developing countries like India and China are witnessing rapid urbanization and this in turn, is resulting in the growing demand for the reliable distribution of electric power. This in turn, will drive the demand for smart distribution transformers in these countries during the next few years.

This report presents a comprehensive overview, market shares, and growth opportunities of Smart Transformers market by product type, application, key manufacturers and key regions and countries.

Segmentation by type
Smart Distribution Transformer
Smart Power Transformer
Others

Segmentation by application
Industrial Sector
Residential Sector
Commercial Sector

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
ABB
GE
BHEL
Siemens
CG
Eaton
Schneider Electric
Mitsubishi Electric
SPX Transformer Solutions
Gridbridge
Gridco Systems
Howard Industries
Miracle Electronics Devices
Varentec

Key Questions Addressed in this Report

What is the 10-year outlook for the global Smart Transformers market?

What factors are driving Smart Transformers market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Smart Transformers market opportunities vary by end market size?

How does Smart Transformers break out type, application?

Please note: The report will take approximately 2 business days to prepare and deliver.