The smart transformers market is expected to grow at a CAGR of 10.54%, from 2017 to 2022, to reach a market size of USD 2.43 billion by 2022.

The report provides a picture of the Smart Transformers Market across the Smart Transformers industry and regions. It aims at estimating the market size and future growth potential of the market across different segments such as type, stage, end-user, and

The global instrument transformers market was valued at USD 7.14 Billion in 2016 and is projected to reach USD 9.06 Billion by 2022, at a CAGR of 4.35% during the forecast period.

The global surge protection devices market is valued at USD 2.06 Billion in 2017, and is expected to grow at a CAGR of 5.47%, from 2017 to 2022.

[141 Pages Report] 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.

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.

Smart Transformers Market by Component (Converters, Switches, Transformers, Hardware for Transformer Monitoring), Type (Power, Distribution, Specialty, and Instrument), Application (Smart Grid, Traction Locomotive, Electric Vehicle Charging), and Region

The global market is set to witness a significant growth due to increasing emphasis on alternative energy production across the globe, digitalization of power utilities, and huge investments in smart grids and energy systems.