Instrument Transformer Market to Reach $10.6B by 2030 Amid Grid Upgrades and Industrialization

Instrument Transformers Market projected to reach $10.6 billion by 2030, growing at a CAGR of 5.8%
Growth driven by rising electricity demand, grid modernization, and renewable energy integration
Asia Pacific to see highest growth rate due to rapid development and industrialization
Key players include ABB, General Electric, Siemens, Schneider Electric, and Mitsubishi Electric
Modernization of electrical grids creating opportunities for instrument transformers to ensure efficiency and stability