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The Special Transformer Market Is Growing As the Demand for High Power in Various Industries Is Increasing

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  A special transformer is designed to provide a precise voltage step-down ratio for voltmeters measuring high power system voltages. Range of special transformers includes DC arc furnace transformers, large drive/converter transformers, AC arc furnace transformers, and regulating and rectifier transformers. They are widely used in various end-use industries such as oil and gas, automotive, chemical, steel, and others. The growth of the Special Transformer Market is attributed to the increasing demand for high power in various end-use industries, such as steel, chemical, metal & mining, oil & gas, and others. According to the United States Energy Information Administration (EIA), the world consumed 92.2 million barrels per day (b/d) of petroleum and other liquid fuels in 2020. These industries require high current voltage during the production process. Thus, require special transformer, as it converts low voltage to high voltage with very low energy loss. As a result, there is
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