Mordor Intelligence has published a new report on the "Smart Transformers Market" offering a comprehensive analysis of size, share, trends, growth drivers, and future projections.
Smart transformers Market is drawing attention as power grids everywhere grow more complex. In Europe alone, the market is expected to be worth USD 1.92 billion in 2025, climbing to USD 5.50 billion by 2030. That represents a strong compound annual growth rate of 23.38% during the forecast period.
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This growth comes at a time when grids are under pressure-from the need to integrate electric vehicle infrastructure to managing aging transmission and distribution systems. Across regions such as North America and Europe, governments are embracing smart grid technologies as strategic investments to maintain power quality, support clean energy, and handle evolving demands.
Smart Transformers Market Key Trends:
Europe's Grid Push
Europe leads the way in the smart transformers market. The expectation for the market to jump from USD 1.92 billion in 2025 to USD 5.50 billion in 2030 shows how European countries are turning to smart transformers to modernize their grids, replace outdated infrastructure, and underpin renewable energy and EV charging systems.
Rise of Smart Distribution Transformers in North America
In North America, the smart transformers segment is expanding steadily, with a CAGR above 2.5% forecasted from 2025 through 2030. Here, distribution transformers are gaining traction. Their ability to monitor and adjust voltage on the fly-feeding real‐time data to grid operators-helps reduce outages and improve load handling. This trend is especially visible in the United States, where transmission and distribution upgrades are a government priority.
Regional Drivers
In Europe, the combination of EU policies and infrastructure upgrades focused on emissions reduction and grid reliability is a clear catalyst
In North America, smart transformer projects-like Siemens Energy's installation of GTU smart units in Florida-demonstrate real‐world adoption and operational benefits
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Smart Transformers Market Segmentation
By Type:
Distribution Transformers (especially strong in North American growth)
Power Transformers (part of the broader smart transformer applications)
By Region:
Europe: Market expanding from USD 1.92 billion in 2025 to USD 5.50 billion in 2030 (23.38% CAGR)
North America: Steady growth above 2.5% CAGR between 2025 and 2030
Quick bullet summary:
Europe Smart Transformers
2025: USD 1.92 billion
2030: USD 5.50 billion
CAGR: 23.38%
North America Smart Transformers
Forecast CAGR: > 2.5% (2025-2030)
Distribution transformers as the leading sub‐segment
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Top Key Players
>ABB Ltd.
>Siemens AG
>Schneider Electric SE
>Eaton Corporation PLC
>General Electric Company
In North America specifically, the top players are:
Hitachi Energy Ltd
Siemens Energy AG
Schneider Electric SE
Eaton Corporation PLC
General Electric Company
Explore more about the Smart Transformers Market Competitive Landscapes: https://www.mordorintelligence.com/industry-reports/smart-transformers-market/companies?utm_source=globbook
Conclusion
The smart transformers market is taking off-especially in Europe, where a projected leap from USD 1.92 billion in 2025 to USD 5.50 billion by 2030 suggests a deepening focus on grid modernization and future-ready systems. North America, while growing more steadily, is seeing especially strong interest in distribution transformers that can be smart-managed and connected.