Market research Future Instrument Transformer Market Trends Forecast 2023 | Page 4

Instrument transformer market Research Report- Forecast to 2023
3 Market Research Analysis
Global instrument transformer market has been segmented based on rating, Enclosure Type, end-user and
region. Based on rating, instrument transformer market has been divided into distribution voltage,
subtransmission voltage, high voltage transmission and extra high voltage transmission. Distribution
voltage is expected to be the fastest growing rating segment of the market.
The sector contains companies such as electric, gas and water firms, and integrated providers. Because
utilities require significant infrastructure, these firms require heavy electrical equipment for efficient
performance and production of the energy. The global growth in the conventional and non-conventional
power plants are creating a huge scope for the transformer market development. Industrial transformer acts
as a power transmission and distribution equipment in the utility sector, which step-up or set-down the
current voltage as per the end-user requirement.
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