Instrument Transformers Market to Witness Exponential Growth by 2030
New Revenue Pockets:
The global market for instrument transformers is projected to reach USD 10.6 billion by 2030, showing a growth from the estimated USD 7.1 billion in 2023, with a compound annual growth rate (CAGR) of 5.8% from 2023 to 2030. The instrument transformers market is expected to grow due to a rise in the electricity demand, grid modernization, and the growing focus on renewable...
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...
Instrument Transformers Market – A Story of Very Rapid Development | ABB, Siemens, Schneider Electric, GE
Global Instrument Transformers Market Scenario:
The instrument transformers market is expected to grow from an estimated USD 7.32 Billion in 2017 to USD 9.06 Billion by 2022, registering a CAGR of 4.35% during the forecast period. This growth is primarily due to the increasing emphasis on alternative energy production, refurbishment of aging infrastructure, and huge investments in smart...
Global Instrument Transformers Market Comprehensive Insights and Growth Potential in the Future
The global instrument
transformers market is projected to grow to reach USD 9.06 billion by 2022,
growing at a CAGR of 4.35%, from estimated USD 7.32 billion in 2017. The major
drivers of the instrument transformers market include refurbishment of aging
power infrastructure, increasing emphasis on alternative energy production
across the globe, and huge investments in smart grids and energy systems.
The...