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The global instrument transformer market size was valued at USD 7.45 billion in 2021 and is projected to reach USD 13.02 billion by 2030, growing at a CAGR of 6.4% from 2021–2030.
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The global solid-state transformer market size was valued at USD 869 million in 2022. The market is projected to grow at a CAGR of 13.1% from USD 982.3 million in 2023 to USD 2983.11 million by 2031. (2023–2031).
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