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Optical Current Transformer Market to Experience Significant Growth Driven by Smart Grid Development
The global optical current transformer market was valued at US$ 32.1 million in 2022 and is projected to reach US$ 63.5 million by the end of 2031, expanding at a CAGR of 8.0% from 2023 to 2031. Market growth is driven by increasing investments in smart grid infrastructure, rising demand for accurate power monitoring systems, and the growing adoption of advanced electrical transmission and...
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