Dry Type Transformer Market Is Set Reach over 600 Thousand Units by 2024: Schneider, Siemens, Meramec, GE, Raychem, Fuji Electric
Dry type transformer market is projected to witness upsurge owing to its economic cost structure along with efficient noiseless operations. Effective applicability across underground substations coupled with expanding medium & low voltage renewable networks will foster the product deployment. The technology has gained appreciable penetration across industrial establishments on account of its lower toxicity when compared to its conventional counterparts. Thereby, advancing product precision coupled with growing demand for sustainable units will positively impact the business outlook.
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