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...