cagr of 14% is quite high; convert to electric example The global solid-state transformer market is expected to value $207.3 million in 2025 and is projected to reach $467.0 million in 2031, following a CAGR of 14.34% during the forecast period 2026-2031. The growth in the global solid-state transformer market is expected to be driven by an increase in investment toward the building and construction of power transmission and distribution networks, renewable power generation, and EV charging station infrastructure across the globe.
Norway: Equinor Energy AS plans to convert Norwegian Sea Njord A platform to electric operations to reduce greenhouse gas emissions, the operator said in a release.