

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.
The global Smart Transformers market size is projected to grow from US$ 1381.5 million in 2023 to US$ 2108.2 million in 2030; it is expected to grow at a CAGR of 6.2% from 2024 to 2030.
The “Smart Transformers Industry Forecast” looks at past sales and reviews total world Smart Transformers sales in 2023, providing a comprehensive analysis by region and market sector of projected Smart Transformers sales for 2024 through 2030. With Smart Transformers sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Smart Transformers industry.
This Insight Report provides a comprehensive analysis of the global Smart Transformers landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Smart Transformers portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Smart Transformers market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Smart Transformers and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Smart Transformers.
Smart distribution transformers accounted for the highest shares of the smart transformers market in 2017. The developing countries like India and China are witnessing rapid urbanization and this in turn, is resulting in the growing demand for the reliable distribution of electric power. This in turn, will drive the demand for smart distribution transformers in these countries during the next few years.
This report presents a comprehensive overview, market shares, and growth opportunities of Smart Transformers market by product type, application, key manufacturers and key regions and countries.
Segmentation by type
Smart Distribution Transformer
Smart Power Transformer
Others
Segmentation by application
Industrial Sector
Residential Sector
Commercial Sector
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
ABB
GE
BHEL
Siemens
CG
Eaton
Schneider Electric
Mitsubishi Electric
SPX Transformer Solutions
Gridbridge
Gridco Systems
Howard Industries
Miracle Electronics Devices
Varentec
Key Questions Addressed in this Report
What is the 10-year outlook for the global Smart Transformers market?
What factors are driving Smart Transformers market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Smart Transformers market opportunities vary by end market size?
How does Smart Transformers break out type, application?
Please Note - This is an on demand report and will be delivered in 2 business days (48 hours) post payment.
1 Scope of the Report
1.1 Market Introduction
1.2 Years Considered
1.3 Research Objectives
1.4 Market Research Methodology
1.5 Research Process and Data Source
1.6 Economic Indicators
1.7 Currency Considered
1.8 Market Estimation Caveats
2 Executive Summary
2.1 World Market Overview
2.1.1 Global Smart Transformers Annual Sales 2019-2030
2.1.2 World Current & Future Analysis for Smart Transformers by Geographic Region, 2019, 2023 & 2030
2.1.3 World Current & Future Analysis for Smart Transformers by Country/Region, 2019, 2023 & 2030
2.2 Smart Transformers Segment by Type
2.2.1 Smart Distribution Transformer
2.2.2 Smart Power Transformer
2.2.3 Others
2.3 Smart Transformers Sales by Type
2.3.1 Global Smart Transformers Sales Market Share by Type (2019-2024)
2.3.2 Global Smart Transformers Revenue and Market Share by Type (2019-2024)
2.3.3 Global Smart Transformers Sale Price by Type (2019-2024)
2.4 Smart Transformers Segment by Application
2.4.1 Industrial Sector
2.4.2 Residential Sector
2.4.3 Commercial Sector
2.5 Smart Transformers Sales by Application
2.5.1 Global Smart Transformers Sale Market Share by Application (2019-2024)
2.5.2 Global Smart Transformers Revenue and Market Share by Application (2019-2024)
2.5.3 Global Smart Transformers Sale Price by Application (2019-2024)
3 Global Smart Transformers by Company
3.1 Global Smart Transformers Breakdown Data by Company
3.1.1 Global Smart Transformers Annual Sales by Company (2019-2024)
3.1.2 Global Smart Transformers Sales Market Share by Company (2019-2024)
3.2 Global Smart Transformers Annual Revenue by Company (2019-2024)
3.2.1 Global Smart Transformers Revenue by Company (2019-2024)
3.2.2 Global Smart Transformers Revenue Market Share by Company (2019-2024)
3.3 Global Smart Transformers Sale Price by Company
3.4 Key Manufacturers Smart Transformers Producing Area Distribution, Sales Area, Product Type
3.4.1 Key Manufacturers Smart Transformers Product Location Distribution
3.4.2 Players Smart Transformers Products Offered
3.5 Market Concentration Rate Analysis
3.5.1 Competition Landscape Analysis
3.5.2 Concentration Ratio (CR3, CR5 and CR10) & (2019-2024)
3.6 New Products and Potential Entrants
3.7 Mergers & Acquisitions, Expansion
4 World Historic Review for Smart Transformers by Geographic Region
4.1 World Historic Smart Transformers Market Size by Geographic Region (2019-2024)
4.1.1 Global Smart Transformers Annual Sales by Geographic Region (2019-2024)
4.1.2 Global Smart Transformers Annual Revenue by Geographic Region (2019-2024)
4.2 World Historic Smart Transformers Market Size by Country/Region (2019-2024)
4.2.1 Global Smart Transformers Annual Sales by Country/Region (2019-2024)
4.2.2 Global Smart Transformers Annual Revenue by Country/Region (2019-2024)
4.3 Americas Smart Transformers Sales Growth
4.4 APAC Smart Transformers Sales Growth
4.5 Europe Smart Transformers Sales Growth
4.6 Middle East & Africa Smart Transformers Sales Growth
5 Americas
5.1 Americas Smart Transformers Sales by Country
5.1.1 Americas Smart Transformers Sales by Country (2019-2024)
5.1.2 Americas Smart Transformers Revenue by Country (2019-2024)
5.2 Americas Smart Transformers Sales by Type
5.3 Americas Smart Transformers Sales by Application
5.4 United States
5.5 Canada
5.6 Mexico
5.7 Brazil
6 APAC
6.1 APAC Smart Transformers Sales by Region
6.1.1 APAC Smart Transformers Sales by Region (2019-2024)
6.1.2 APAC Smart Transformers Revenue by Region (2019-2024)
6.2 APAC Smart Transformers Sales by Type
6.3 APAC Smart Transformers Sales by Application
6.4 China
6.5 Japan
6.6 South Korea
6.7 Southeast Asia
6.8 India
6.9 Australia
6.10 China Taiwan
7 Europe
7.1 Europe Smart Transformers by Country
7.1.1 Europe Smart Transformers Sales by Country (2019-2024)
7.1.2 Europe Smart Transformers Revenue by Country (2019-2024)
7.2 Europe Smart Transformers Sales by Type
7.3 Europe Smart Transformers Sales by Application
7.4 Germany
7.5 France
7.6 UK
7.7 Italy
7.8 Russia
8 Middle East & Africa
8.1 Middle East & Africa Smart Transformers by Country
8.1.1 Middle East & Africa Smart Transformers Sales by Country (2019-2024)
8.1.2 Middle East & Africa Smart Transformers Revenue by Country (2019-2024)
8.2 Middle East & Africa Smart Transformers Sales by Type
8.3 Middle East & Africa Smart Transformers Sales by Application
8.4 Egypt
8.5 South Africa
8.6 Israel
8.7 Turkey
8.8 GCC Countries
9 Market Drivers, Challenges and Trends
9.1 Market Drivers & Growth Opportunities
9.2 Market Challenges & Risks
9.3 Industry Trends
10 Manufacturing Cost Structure Analysis
10.1 Raw Material and Suppliers
10.2 Manufacturing Cost Structure Analysis of Smart Transformers
10.3 Manufacturing Process Analysis of Smart Transformers
10.4 Industry Chain Structure of Smart Transformers
11 Marketing, Distributors and Customer
11.1 Sales Channel
11.1.1 Direct Channels
11.1.2 Indirect Channels
11.2 Smart Transformers Distributors
11.3 Smart Transformers Customer
12 World Forecast Review for Smart Transformers by Geographic Region
12.1 Global Smart Transformers Market Size Forecast by Region
12.1.1 Global Smart Transformers Forecast by Region (2025-2030)
12.1.2 Global Smart Transformers Annual Revenue Forecast by Region (2025-2030)
12.2 Americas Forecast by Country
12.3 APAC Forecast by Region
12.4 Europe Forecast by Country
12.5 Middle East & Africa Forecast by Country
12.6 Global Smart Transformers Forecast by Type
12.7 Global Smart Transformers Forecast by Application
13 Key Players Analysis
13.1 ABB
13.1.1 ABB Company Information
13.1.2 ABB Smart Transformers Product Portfolios and Specifications
13.1.3 ABB Smart Transformers Sales, Revenue, Price and Gross Margin (2019-2024)
13.1.4 ABB Main Business Overview
13.1.5 ABB Latest Developments
13.2 GE
13.2.1 GE Company Information
13.2.2 GE Smart Transformers Product Portfolios and Specifications
13.2.3 GE Smart Transformers Sales, Revenue, Price and Gross Margin (2019-2024)
13.2.4 GE Main Business Overview
13.2.5 GE Latest Developments
13.3 BHEL
13.3.1 BHEL Company Information
13.3.2 BHEL Smart Transformers Product Portfolios and Specifications
13.3.3 BHEL Smart Transformers Sales, Revenue, Price and Gross Margin (2019-2024)
13.3.4 BHEL Main Business Overview
13.3.5 BHEL Latest Developments
13.4 Siemens
13.4.1 Siemens Company Information
13.4.2 Siemens Smart Transformers Product Portfolios and Specifications
13.4.3 Siemens Smart Transformers Sales, Revenue, Price and Gross Margin (2019-2024)
13.4.4 Siemens Main Business Overview
13.4.5 Siemens Latest Developments
13.5 CG
13.5.1 CG Company Information
13.5.2 CG Smart Transformers Product Portfolios and Specifications
13.5.3 CG Smart Transformers Sales, Revenue, Price and Gross Margin (2019-2024)
13.5.4 CG Main Business Overview
13.5.5 CG Latest Developments
13.6 Eaton
13.6.1 Eaton Company Information
13.6.2 Eaton Smart Transformers Product Portfolios and Specifications
13.6.3 Eaton Smart Transformers Sales, Revenue, Price and Gross Margin (2019-2024)
13.6.4 Eaton Main Business Overview
13.6.5 Eaton Latest Developments
13.7 Schneider Electric
13.7.1 Schneider Electric Company Information
13.7.2 Schneider Electric Smart Transformers Product Portfolios and Specifications
13.7.3 Schneider Electric Smart Transformers Sales, Revenue, Price and Gross Margin (2019-2024)
13.7.4 Schneider Electric Main Business Overview
13.7.5 Schneider Electric Latest Developments
13.8 Mitsubishi Electric
13.8.1 Mitsubishi Electric Company Information
13.8.2 Mitsubishi Electric Smart Transformers Product Portfolios and Specifications
13.8.3 Mitsubishi Electric Smart Transformers Sales, Revenue, Price and Gross Margin (2019-2024)
13.8.4 Mitsubishi Electric Main Business Overview
13.8.5 Mitsubishi Electric Latest Developments
13.9 SPX Transformer Solutions
13.9.1 SPX Transformer Solutions Company Information
13.9.2 SPX Transformer Solutions Smart Transformers Product Portfolios and Specifications
13.9.3 SPX Transformer Solutions Smart Transformers Sales, Revenue, Price and Gross Margin (2019-2024)
13.9.4 SPX Transformer Solutions Main Business Overview
13.9.5 SPX Transformer Solutions Latest Developments
13.10 Gridbridge
13.10.1 Gridbridge Company Information
13.10.2 Gridbridge Smart Transformers Product Portfolios and Specifications
13.10.3 Gridbridge Smart Transformers Sales, Revenue, Price and Gross Margin (2019-2024)
13.10.4 Gridbridge Main Business Overview
13.10.5 Gridbridge Latest Developments
13.11 Gridco Systems
13.11.1 Gridco Systems Company Information
13.11.2 Gridco Systems Smart Transformers Product Portfolios and Specifications
13.11.3 Gridco Systems Smart Transformers Sales, Revenue, Price and Gross Margin (2019-2024)
13.11.4 Gridco Systems Main Business Overview
13.11.5 Gridco Systems Latest Developments
13.12 Howard Industries
13.12.1 Howard Industries Company Information
13.12.2 Howard Industries Smart Transformers Product Portfolios and Specifications
13.12.3 Howard Industries Smart Transformers Sales, Revenue, Price and Gross Margin (2019-2024)
13.12.4 Howard Industries Main Business Overview
13.12.5 Howard Industries Latest Developments
13.13 Miracle Electronics Devices
13.13.1 Miracle Electronics Devices Company Information
13.13.2 Miracle Electronics Devices Smart Transformers Product Portfolios and Specifications
13.13.3 Miracle Electronics Devices Smart Transformers Sales, Revenue, Price and Gross Margin (2019-2024)
13.13.4 Miracle Electronics Devices Main Business Overview
13.13.5 Miracle Electronics Devices Latest Developments
13.14 Varentec
13.14.1 Varentec Company Information
13.14.2 Varentec Smart Transformers Product Portfolios and Specifications
13.14.3 Varentec Smart Transformers Sales, Revenue, Price and Gross Margin (2019-2024)
13.14.4 Varentec Main Business Overview
13.14.5 Varentec Latest Developments
14 Research Findings and Conclusion
*If Applicable.