Demand for Solid State Transformer Market is expected to grow USD 75.6 Billion by 2032
In 2023, the solid state transformer market reached a valuation of USD 75.6 Billion. Forecasts indicate that by 2032, this market is poised to expand significantly, reaching a projected value of USD 235.6 Billion, boasting a remarkable Compound Annual Growth Rate (CAGR) of 13.5%. Often referred to as smart transformers, solid state transformers (SSTs) are innovative network devices that...
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