Solid-state transformer market size is projected to reach usd 663 million by 2030, growing at a cagr of 17.4%: straits research

The global solid-state transformer market size was valued at usd 156 million in 2021. it is expected to reach usd 663 million by 2030, growing at a cagr of 17.4% during the forecast period (2022–2030). asia-pacific is the most significant contributor to the solid-state transformer market and is anticipated to grow at a cagr of 19.1% during the forecast period the global solid-state transformer market size was valued at usd 156 million in 2021. it is expected to reach usd 663 million by 2030, growing at a cagr of 17.4% during the forecast period (2022–2030). asia-pacific is the most significant contributor to the solid-state transformer market and is anticipated to grow at a cagr of 19.1% during the forecast period
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