Instrument Transformer Market to Hit $12.08 B
The Instrument Transformer Market valued at $7.21 B in 2023 is projected to reach $12.08 B, growing at a CAGR of 5.94 % during the forecast period of 2024-2032.
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According to the SNS Insider, the Instrument Transformer Market was valued at $7.21 B in 2023 and is projected to reach $12.08 B by 2032, growing at a CAGR of 5.94 % during the forecast period of 2024-2032. The growth is driven by grid modernization and renewable energy integration.
The market is witnessing significant growth due to increasing demand for high-voltage power transmission, expansion of renewable energy projects, and advancements in power infrastructure.
Leading market players with their product listed in the report are: Arteche Group, Trafag AG, Gemini Instratech Ltd., Megger Group Limited, Transformers and Electricals Kerala Limited (TELK), China XD Group, Siemens Energy, Hitachi Energy, GE Vernova, ABB, Schneider Electric, Eaton Corporation, CG Power and Industrial Solutions Limited, Nissin Electric Co., Ltd., Končar Group
Source: Globe Newswire
#CAGR#grid modernization#high voltage power transmission#instrument transformer market#power infrastructure#renewable energy integration#SNS Insider
