Global Smart Transformers Types & Applications Market Is Poised to Reach $2,932.4 Million by 2022
The Global Smart Transformers market accounted for $1,093.5 million in 2015 and is expected to reach $2,932.4 million by 2022 growing at a CAGR of 15.1% from 2015 to 2022. Increasing demand for electricity, improving & evolving technology, growing power transmission & distribution networks and aging infrastructure are the factors favoring the market growth. However, data privacy and cyber security are hindering the market growth. By using smart transformers, monitoring and controlling of the power flow is achieved. Smart grids...
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