Surge in Renewable Energy Drives Global Transformer Oil Market to 11.57% CAGR by 2032
The global transformer oil market is poised for significant growth in the coming years, with a projected compound annual growth rate (CAGR) of approximately 11.57%. This growth is primarily fueled by rising investments in power sector infrastructure and increasing demand for electricity worldwide. As utilities adapt to modern energy needs, the evolving landscape of transformer oil technologies will play a crucial role in enhancing overall efficiency and performance.
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