Global Autotransformer Market Projected to Grow with 3.72% CAGR: Energy Efficiency and Renewable Integration Drive Demand - ResearchAndMarkets.com
Energy Efficiency at the Forefront: The demand for energy-efficient power transformers is a key driver for the autotransformer market.
- Energy Efficiency at the Forefront: The demand for energy-efficient power transformers is a key driver for the autotransformer market.
- The need for autotransformers is poised to grow with the expansion of electricity demand due to global industrialization and urbanization.
- Renewable Energy Integration: Autotransformers play a pivotal role in managing varying voltage levels generated by renewable energy sources such as solar and wind.
- Countries like China, India, and Japan are driving growth in the autotransformer market through initiatives to modernize their power grids and enhance energy efficiency.