In the recent times, instrument transformer market has witnessed a meteoric rise in its revenue graph, courtesy the rising demand for electricity owing to the exponential pace of urbanization, swift technological advancements to assist an energy-efficient and sustainable grid network, growing inclination toward clean energy with massive investments in the renewable sector coupled with various government initiatives to electrify rural hinterlands across the globe. To note a few remarkable instances of government initiatives, the Indian government has resolved to provide electrical connections to over four crore households in the rural and urban areas by the end of 2018.