Smart Transformers Market to be Worth $3.16 Billion by 2031

Smart grids are electricity networks that use digital technologies, sensors, and software to better match the supply and demand of electricity in real time while minimizing costs and maintaining the stability and reliability of the grid. One of the main components of a smart grid is the smart transformer: it consists of a transformer based on power electronic devices provided with efficient control and communication systems. It allows the electrical separation of low-voltage and medium-voltage grids as they act independently.