WASHINGTON, USA - Smart Transformers Industry is expected to increase significantly compared to the forecast period's market, with a CAGR of 11%.

According to Investors Observer, the smart transformers market refers to the use of advanced technology to improve the efficiency, reliability, and functionality of power transformers. Smart transformers are also known as solid-state transformers or digital transformers. Traditional power transformers are passive devices that step up or step-down voltage, but they lack the ability to monitor or control the flow of electricity. In contrast, smart transformers incorporate digital sensors, communication technologies, and power electronics to provide real-time monitoring and control of the power grid.

Investors Observer announced that Smart transformers offer several advantages over traditional transformers, including:

Improved efficiency: Smart transformers can optimize the flow of power, reducing energy losses and improving overall efficiency.

Enhanced reliability: Smart transformers can detect and isolate faults, improving the reliability of the power grid.

Increased flexibility: Smart transformers can operate in different modes, adapting to changing conditions in the power grid.
Better asset management: Smart transformers provide real-time data on their performance, enabling better asset management and maintenance.

Furthermore, they said that the market for smart transformers is expected to grow in the coming years, driven by the increasing demand for renewable energy sources and the need for more efficient and reliable power grids. The Asia-Pacific region is expected to be the largest market for smart transformers, due to the growing demand for electricity in countries such as China and India.

Source: Investors Observer