Power Industry Reports

Increasing demand for power coupled with technological advancements to drive global instrument transformers market through 2024  According to TechSci Research report, “ Global  Instrument Transformers Market  By Dielectric Medium, By Voltage, By Application, By End Use Industry, By Region, Competition, Forecast & Opportunities, 2024 ”, global instrument transformers market is projected to reach $ 10.3 billion by 2024, on account of increasing installation with regard to new transformers and replacement of old transformers with new ones. This need to expand the existing infrastructure comes as a result of inability of the existing power stations to meet growing demand for electricity. Moreover, increasing importance of alternative energy production is also expected to aid the market. In terms of end use industry, global instrument transformers market has been categorized into power utilities, power generation, industries & OEMS and railways & metros. Among the ...