Instrument Transformers Market Poised for Dynamic Growth: Powering the Future of Smart Grids and Renewable Energy
The global Instrument Transformers Market is projected to grow from USD 7.1 billion in 2023 to USD 10.6 billion by 2030, with a CAGR of approximately 5.8%. Instrument transformers play a crucial role in electrical power systems for measurement, protection, and control by converting high voltages and currents to safe, measurable levels for instruments and protection relays.
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Instrument Transformers Market Size to Grow $10.6 billion by 2030 | ABB, General Electric, Siemens
According to a research report “Instrument Transformers Market by Type (Current, potential, and combined), Installation (liquid, SF6 gas, solid), Enclosure (indoor and outdoor), Voltage, End-User, and Region (North America, Europe, APAC, Latin America, MEA) – Global Forecast to 2030″ published by MarketsandMarkets, the global instrument transformers market is projected to grow from...