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The global dry type transformer market size was valued at USD 6.30 billion in 2022. It is projected to reach USD 10.59 billion by 2031, growing at a CAGR of 5.95% during the forecast period (2023-2031). The increasing demand for electricity worldwide
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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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The transformer oil market size was valued at $2.71 billion in 2021 and is expected to reach $4.70 in 2030 growing at a CAGR of 6.31%. Factors such as extension of electricity networks in developing nations and expansion of international commerc
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