Smart Transformers Market Key Trends, Growth & Forecast - Datastring Consulting

The market for Smart Transformers is expanding swiftly due to the heightened attention, on grid infrastructure and the integration of renewable energy sources. The market size was around USD 2.9 billion in 2023 and is expected to reach over USD 5.6 billion by 2030 and USD 8.9 billion, by 2035 with a compound annual growth rate of 9.8%.