Industrial Sector Drives Transformer Oil Demand, Expected Growth in 2024-2030
The global transformer oil market is poised for significant growth, projected to reach US$10.1 billion by 2033, driven by a robust CAGR of 8.5% from 2024 to 2033. This growth is fueled by increasing investments in power sector infrastructure, particularly in emerging economies, and rising global electricity demand. As urbanization and industrial expansion accelerate, the need for reliable,...
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