Title: Smart Transformers Market to Set Phenomenal Growth from 2022 to 2030 - PowerPoint PPT Presentation

Description: The smart transformers market was valued at US$ 1.9 Bn in 2021 and is projected to reach US$ 5.1 Bn by 2030, at a CAGR of 12.1%. A smart transformer is a device that acts as a buffer between the electricity grid and external systems such as residences and businesses. To serve the electrical system, these devices have enhanced capabilities and capability. The global production of alternative energy, the digitalization of power utilities, and massive investment in smart grids and energy systems are all driving the smart transformer market forward. These transformers are frequently used to adjust voltage and maintain contact with the smart grid, allowing for power system administration from afar. Increased investment in establishing and upgrading the smart grid, as well as the growing trend of digitization in the power industry, are driving market expansion. – PowerPoint PPT presentation