United States Instrument Transformers market is projected to grow at a robust CAGR over the next five years owing to growing demand for power, evolving technologies and growing investments in smart grids. Based on voltage, in 2021, the distribution voltage market holds the largest market share due to growing power demand in residential and commercial sectors.
Based on type, the current transformers type is expected to hold the largest market share during 2023-2027 due to its application in electrical circuit as these are mostly used to measure more than 5 A magnitude of electrical circuit.
Some of the leading players in the United States Instrument Transformers market are ABB, Mitsubishi Electric, Schneider Electric, EMEK, Siemens, GE, Pfiffner Instrument Transformers, CG Power etc.
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