The report offers detailed coverage of Smart Transformers industry and main market trends. The market research includes historical and forecast market data, demand, application details, price trends, and company shares of the leading Smart Transformers by geography. The report splits the market size, by volume and value, on the basis of application type and geography.
Smart transformers, also known as solid-state transformers, control the electric distribution grid. They provide optimized voltage by maintaining the contact with the smart grid to provide feedback about the transformer and power supply through remote administration. Large commercial facilities are increasingly using these transformers, as they cater to the energy needs of the facility efficiently and economically.
Smart distribution transformers accounted for the highest shares of the smart transformers market in 2017. The developing countries like