Smart Transformers Segmentation
The market is segmented by application into smart grid, electric vehicle charging, and others, out of which, the smart grid segment is anticipated to hold notable share in the global smart transformers market over the forecast period as smart transformers are an integral component of a smart grid. The growing adoption of smart grids and smart electric meters across the globe, is estimated to boost the market growth.
Our in-depth analysis of the global smart transformers market includes the following segments
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Browse key industry insights with market data tables & charts from the report:
Frequently Asked Questions (FAQ)
In the year 2025, the industry size of smart transformers is estimated at USD 3.11 billion.
Smart Transformers Market size was over USD 2.8 billion in 2024 and is anticipated to cross USD 14.03 billion by 2037, witnessing more than 13.2% CAGR during the forecast period i.e., between 2025-2037.
North America industry is anticipated to account for largest revenue share by 2037, owing to increasing adoption of smart grid network in the region.
The major players in the market are Schneider Electric, BHEL, The General Electric Company, Siemens AG, Honeywell International Inc., Grid Point, Inc., Mitsubishi Electric Corporation, and others.
