Global instrument transformers market to reach $9.5B by end of 2023

Research Mentor has published a market study on the global instrument transformers market analysing market trends and developments over the forecast period 2018-2023.

According to the report, the global instrument transformers market, valued at $7.35 billion in 2017, is anticipated to witness a crucial demand over the projected period, extending up to $9.51 billion by the end of 2023, with a CAGR of 4.38% from 2018 to 2023.

Some of the major market players profiled in the report include Nissin Electric, Siemens, Mitsubishi Electric, Ritz Instrument Transformers, BHEL, Končar-Instrument Transformers, Schneider Electric, Indian Transformers Company, EMEK, Arteche, ABB, GE, Instrument Transformer Equipment, CG Power and Pfiffner Instrument Transformers.

Source: Research Mentor