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Global smart transformers market to reach $3.72 B by 2027

Global smart transformers market was valued at $1.77 B in 2019 and is projected to reach $3.72 B by 2027, growing at a CAGR of 10.48 % from 2020 to 2027.

The report covers a comprehensive overview of the market, including value chain analysis, historical analysis, current market size estimation, opportunities, technological advancements, product developments, market drivers and constraints, and limitations arising in the coming years. The report also includes revenue and industrial chain analysis with a comprehensive overview of the leading players of the smart transformers industry. The study provides a complete view of the impact of the COVID-19 pandemic on the smart transformers market and its key segments. The report also covers extensive profiling of the key aspects of the global smart transformers market formulated through thorough primary and secondary research. The data gathered is verified and validated by industry experts and professionals.

The key players in this market include: Siemens, Eaton, Wilson Transformer, BHEL, Gridco, SPX Transformer, Schneider Electric, GE, Mitsubishi Electric, CG Power, Hitachi ABB, and Howard Industries.

Source: The Daily Chronicle

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