The global solid state transformer (SST) market, valued at $185.9 million in 2022, is on a promising growth trajectory with an anticipated compound annual growth rate (CAGR) of 13.1% from 2023 to 2031. Projected to reach $563.5 million by 2031, this market expansion is driven by growing demands for electric vehicle (EV) fast charging infrastructure and the continued development of smart grid...
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