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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