openPR Logo
Press release

Instrument Transformer Market is set to exceed 50 thousand units by 2024 Eminent participants across the industry include Crompton Greaves, ITL, Amran Inc, Electrical, Schneider Electric, KONCAR, EATON, Toshiba, Mitsubishi, TRENCH, BHEL, DENT Instruments,

10-16-2018 08:50 AM CET | Energy & Environment

Press release from: Global Market Insights, Inc.

Instrument Transformer Market is set to exceed 50 thousand units

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.

The scheme, named as Pradhan Mantri Sahaj Bijli Har Ghar Yojana ‘Saubhagya’, aims to provide 24×7 electricity to the unserved and underserved hinterlands along with the neglected urban pockets. Citing yet another instance, the government of France has announced an enormous investment of USD 30 Billion toward its energy adaptation plan that aims to endorse clean vehicles production and energy efficient distribution system. Apparently, the aforementioned instances of ambitious and dynamic initiatives undertaken by various governments across the globe have emerged as the principal driving force to boost the growth potential of instrument transformer market, which commanded a total valuation of over USD 3 Billion in 2016.

Get a Sample Copy of this Report: @ https://www.gminsights.com/request-sample/detail/2141

The leading instrument transformer market giants have been striving to come up with a range of innovative products to fulfill the burgeoning demand for energy-efficient transformers and to remain competitive in this highly combative business sphere. The existing power grids transmit energy over short distances from power stations to customers. However, the future grids would need to provide energy to major urban areas from offshore wind and solar farms with a price competitive enough for electricity traders.

To tackle the challenge of the transition to a new energy mix while enhancing the existing power grid infrastructure, Siemens AG, the leading German conglomerate partaking in instrument transformer industry, has built the world’s first dynamic grid control center with its partner entities. The new facility, named as ‘DynaGridCenter’ research project would aim to ascertain the extent to which existing technologies, utilized in control centers, can accommodate new structures and functions of future power grids. Such bold instances of ingenuity consequentially would steer the growth progression of the instrument transformer market over the forthcoming years.

Speaking of the product spectrum of the instrument transformer industry, the oil immersed transformer led the overall business sphere accounting for over 50% of the global industry share in 2016. Its ease of deployment across high-voltage applications coupled with modest cost is bound to further escalate its requirement across diverse sectors, which would further contribute to the instrument transformer industry growth.

Make an inquiry for purchasing this report @ https://www.gminsights.com/inquiry-before-buying/2141

In terms of regional industry outlook, the Asia Pacific instrument transformer market is estimated to exceed 7% growth rate in the ensuing seven years. The region has been witnessing large-scale migration across the urban centers along with the brisk expansion of utility-based electricity infrastructure, which has, in turn, favorably influenced the APAC instrument transformer industry size. Furthermore, the rising rural electrification initiatives by governments of the developing economies across the region, augmented by significant investments by foremost financial entities such as Asian Development Bank and World Bank to restructure the existing electrical grids across the nations will further boost the instrument transformer market progression.

Concurrently, the leading companies partaking in instrument transformer market such as Siemens AG, GE, ABB, Crompton Greaves, ITL, Schneider Electric, DENT Instruments, BHEL, Toshiba, Amran Inc., have been focusing on establishing robust supply chain and expanding the current facilities to ensure economies of scale, further stepping up the commercialization potential of instrument transformer market. In terms of installations, as per a recent report published by Global Market Insights Inc., instrument transformer industry is set to exceed 50 thousand units by 2024.

Browse key industry insights spread across 800 pages with 1786 market data tables & 16 figures & charts from the report @ https://www.gminsights.com/industry-analysis/instrument-mransformer-market

Eminent players across the instrument transformer market include ABB, GE, Siemens, Crompton Greaves, Amran Inc, ITL, Weidmann, Raychem RPG, Meramec, ITEC, Schneider Electric, KONCAR, HEYI Electrical, EATON, Toshiba, TRENCH, BHEL, Mitsubishi, DENT Instruments, Mehru, Celme and Ruhstrat.

The U.S. instrument transformer market is projected to witness sustainable growth owing to rising demand for the upgradation of existing grid infrastructure along with rapid expansion of effective T&D networks. The transformer industry across the nation has witnessed significant upsurge on account of favorable regulatory reforms pertaining to energy efficiency and grid stability. Ongoing trends subject to the adoption of sustainable technologies along with briskly advancing monitoring & control technologies will further embellish the business outlook.

Asia Pacific instrument transformer market is set to grow over 7% by 2024. The industry in the recent years has witnessed an appreciable escalation on grounds of favorable renewable integration reforms coupled with increasing rural electrification demand. Large scale migration across urban areas along with rapid expansion of utility based electricity networks to cater the rising energy demand will comprehensively thrust the business growth.

About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research

Contact Us:
Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Web: https://www.gminsights.com
Blog: https://gminsights.wordpress.com
Explore Our Blog @ http://algosonline.com/news

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Instrument Transformer Market is set to exceed 50 thousand units by 2024 Eminent participants across the industry include Crompton Greaves, ITL, Amran Inc, Electrical, Schneider Electric, KONCAR, EATON, Toshiba, Mitsubishi, TRENCH, BHEL, DENT Instruments, here

News-ID: 1305585 • Views: 442

More Releases from Global Market Insights, Inc.

Recycled elastomers market trends analysis, growth, Size, forecasts with top key …
As pr estimates that global recycled elastomers market size will be worth more than US$6 billion by 2025. The industry share is classified on the basis of raw material, application and region. The raw material segment is further segmented into natural rubber, chloroprene rubber, polyurethane rubber, propylene rubber, NBR, SBR, and others. Get sample copy of this research report @ https://www.gminsights.com/request-sample/detail/2791 The raw material segment in the recycled elastomers market is
Metallic Pigments Market Size, Growth Opportunity 2024 |Top Companies are BASF, …
As per the Global Market Insights, Global metallic pigments market size is projected to hit USD 2.3 billion in annual sales by 2024. Mentioned below are some of the integral factors expected to support developments in metallic pigments market share through 2024. Increasing awareness among people regarding the need to use sustainable, low carbon emission paints and coatings is a major factor supporting developments in metallic pigments market. Aluminum and copper
Pressure Sensitive Tapes and Labels Market Overview with Detailed Analysis, Comp …
The unprecedented growth pace of pressure sensitive tapes and labels market is rather evident from Distell’s recent move towards adoption of pressure sensitive labels, As per news sources, the South Africa based multinational brewing and beverages company- Distell, in April this year, announced partnering with MCC to furnish the re-launch of Esprit in the nation with a conversion from paper to pressure sensitive labels. Official sources claim that switch to
Cosmetic Contact Lenses Market Current Business Trends & Growth Opportunities 20 …
Having garnered a considerable remuneration potential over the recent years, cosmetic contact lenses market has registered its name in the billion dollar business across the overall polymers and advanced materials industry. Back in time, contact lenses were regarded as a way toward an enhanced quality of life without the need for glasses, and despite being regarded as a medical device, the product’s use has seen massive demand from the cosmetic

All 5 Releases


More Releases for Siemens

Global Alternators Market 2018 - Emerson, Hitachi, SIEMENS
Apex Market Reports, recently published a detailed market research study focused on the “Alternators Market” across the global, regional and country level. The report provides 360° analysis of “Alternators Market” from view of manufacturers, regions, product types and end industries. The research report analyses and provides the historical data along with current performance of the global PP Pipe industry, and estimates the future trend of Alternators on the basis of
Global Traffic Management Systems- SWARCO, Siemens, TomTom
Qyresearchreports include new market research report "Global Traffic Management Systems Sales Market Report 2018" to its huge collection of research reports. A newly added research report about the global market for Traffic Management Systems produces a 360-degree overview of it. The report brings to the fore important details and elucidates every aspect expected to mold its path going forward. It sheds light on stimulants and deterrents affecting the market. It also
Medical Cyclotron Market 2017 - IBA, GE, Siemens
Marketreports.biz, recently published a detailed market research study focused on the "Medical Cyclotron Market" across the global, regional and country level. The report provides 360° analysis of "Medical Cyclotron Market" from view of manufacturers, regions, product types and end industries. The research report analyses and provides the historical data along with current performance of the global Medical Cyclotron industry, and estimates the future trend of Medical Cyclotron market on
Global Bucket Elevators Market - Perimed, Biopac, Siemens
Market Research Store published report on Global Bucket Elevators Market Research Report is a deep market research report in this market.This report focused on global and regional market, major manufacturers, as well as the segment market details on different classifications and applications. First, this report analyzed the basic scope of this industry like definition, specification, classification, application, industry policy and news. Browse Full Report: https://goo.gl/HQftxH Second, the analysis on industry chain is provided
Global RFID Transponder Market 2017 - Siemens, STMicroelectronics
The report entitled Global RFID Transponder Market 2017 presents key insights into the global RFID Transponder market along with the latest up-to-date industry details and forthcoming RFID Transponder industry trends, which will assist the readers to focus on product specification and end users driving the overall market revenue and profitability. Report Keynotes: The main motive of the report on "Global RFID Transponder Market 2017" is to study comprehensive details of the market
TekTone® Continues to Develop Relationship with Siemens
TekTone® is excited to have Siemens Industry, Inc. as a member of the TekTone® Elite Partner (TEP) program! Siemens continues to open many markets and opportunities. The company’s positive name recognition provides access to larger projects, better access to architects and engineers, and bolsters our position with national accounts and group purchasing organizations. Since becoming a member of the TEP program in 2013, Siemens has been a valued factor in the