The global smart transformers market was valued at USD 1.25 Billion in 2016 and is projected to reach USD 2.43 Billion by 2022, at a CAGR of 10.54%, from 2017 to 2022.

Asia-Pacific was the single-largest market for smart transformers in 2014, holding a 34% share, and is set to continue its dominance till 2020. Asia-Pacific is also projected to emerge as the fastest growing market during the forecast period, at a CAGR of