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Solid-State Transformer Market to Reach USD 3.92 Billion by 2032 Driven by Smart Grid and Renewable Energy Integration
Rising Demand for High-Efficiency Power Distribution Fuels Market Growth According to the latest study by Market Intelo, the global Solid-State Transformer market was valued at USD 680 million in 2023 and is projected to reach USD 3.92 billion by 2032, expanding at an impressive CAGR of 21.5% during the forecast period from 2024 to 2032. The growing need for efficient power conversion, smart...
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