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Smart Transformers Market Share

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Report ID: 3466
Published Date: Sep 18, 2024
Report Format: PDF, PPT

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Smart Transformers Market Share

On the basis of geographical analysis, the global smart transformers market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. North America industry is expected to account for largest revenue share by 2036, 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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Smart Transformers Market Size | Growth Report 2036

Author Credits: Dhruv Bhatia

Report ID: 3466
Published Date: Sep 18, 2024
Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

The increasing investment in adopting smart grids to drive the market growth.

The market is anticipated to attain a CAGR of ~12% over the forecast period, i.e., 2022 â€“ 2030.

High initial investment is estimated to hamper the market growth.

The market in the North America region will provide more business opportunities over the forecast period owing to the high investment in the digitalization and decentralization of power grid infrastructure.

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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