The Smart Transformer Market is projected to reach USD 8.04 billion by 2033, growing at a CAGR of 12.35% from 2026-2033. Global investments in power grid technology exceeded USD 300 billion, with utilities focusing on improving grid efficiency and reliability. Smart transformers play a crucial role in predictive maintenance and real-time monitoring for improved performance and sustainability.

Leading players in the market include ABB, GE, Siemens, and Schneider Electric. Power transformers account for 46% of revenue due to their role in high-voltage transmission, while the smart grid segment holds 59% share. North America leads the market with a 38% revenue share, while the Asia Pacific region is poised for a 14.54% CAGR from 2024-2032.

Recent developments include Eaton’s USD 500 million investment in North American manufacturing and Bharat Heavy Electricals Ltd commissioning India’s first digital substation. The Smart Transformer Market Report offers exclusive insights on energy consumption, renewable energy integration, technology adoption, and supply chain readiness to guide strategic decisions. SNS Insider provides reliable market research and consulting services to help clients navigate changing market dynamics with confidence.

Read more at GlobeNewswire: Smart Transformer Market Size to Surpass at USD 8.04