Smart Transformers Market Share

  • Report ID: 3466
  • Published Date: Dec 26, 2024
  • Report Format: PDF, PPT

Smart Transformers Market Share

North America Market Statistics

North America industry is anticipated to account for largest revenue share by 2037, owing to increasing adoption of smart grid network in the region, owing to increasing adoption of smart grid network in the region. According to a report by the IEA, the United States’ investment in smart grid overtook China in 2019, recording a robust growth of 12%. The growing infrastructural development in the region is estimated to boost the regional market growth.

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Author Credits:  Dhruv Bhatia


  • Report ID: 3466
  • Published Date: Dec 26, 2024
  • Report Format: PDF, PPT

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.

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