
Digital instrument transformer market to reach nearly $940 M by 2031
The digital instrument transformer market is projected to reach $940 M growing at a CAGR of 7.5 % from 2023 to 2031.
The digital instrument transformer market is projected to reach $940 M growing at a CAGR of 7.5 % from 2023 to 2031.
The Instrument Transformer Market valued at $7.21 B in 2023 is projected to reach $12.08 B, growing at a CAGR of 5.94 % during the forecast period of 2024-2032.
Negative prices are seen more often amid green power surges.
In the renewable energy transition, the role of BESS in ensuring grid stability and efficiency is set to become even more critical.
Oman: In Oman, the supply of electricity has increased by 140 % over the past ten years to meet the greater demand.
New Development Bank (NDB) and Eskom signed a loan agreement for renewable energy integration and transmission augmentation project worth $180 M.