Instrument Transformers Market worth $9.06 Billion by 2022 | ABB (Switzerland), Siemens (Germany), Schneider Electric (France) and GE (US)

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The global instrument transformers market is estimated at US$ 7.32 Billion in 2017 and is projected to grow at a CAGR of 4.35% to reach US$ 9.06 Billion by 2022. The global market is set to witness a significant growth due to increasing emphasis on alternative energy production across the globe, refurbishment of aging infrastructure, and huge investments in smart grids and energy systems.

Top Key Players in the “Instrument Transformers Market” report include are
• ABB (Switzerland)
• Siemens (Germany)
• Schneider Electric (France)
• GE (US)

The distribution voltage segment is expected to constitute the largest market by 2022. The distribution voltage has been considered between 0.72 kV and 36 kV in this report. The main application of instrument transformers is to offer electrical protection against overload currents, insulation failure, and emergency switching for residential and commercial infrastructures.

The instrument transformers market is projected to grow at a fast pace in the Middle East. This region is undergoing rapid electricity infrastructure development to maintain the demand-supply balance. Moreover, countries such as the UAE are investing heavily in diversifying their energy mix and are trying to tap into renewable sources. Qatar is set to be the host of the FIFA World Cup 2022 and the country needs to upgrade its infrastructure. The process of upgradation would create substantial opportunities for the suppliers of instrument transformers.

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The Study Objectives of this report are:

• To analyze market opportunities for stakeholders and details of a competitive landscape for market leaders

• To strategically analyze the instrument transformers market with respect to individual growth trends, future expansions, and contributions to the market

• To forecast the growth of the instrument transformers market with respect to the major regions (Asia Pacific, Europe, North America, South America, the Middle East, and Africa)

• To strategically profile key players and comprehensively analyze their market rankings and core competencies

• To analyze competitive developments, such as new product launches, mergers & acquisitions, expansions and investments, and contracts & agreements, in the instrument transformers market

Target Audience:
• Companies related to electric power generation, transmission, and distribution
• Banks, venture capitalists, financial institutions, and other investors
• Energy associations
• Environment associations
• Government and industry associations
• Government and research organizations
• Smart grid project developers
• Instrument transformer component manufacturers, dealers, and suppliers
• Substation equipment manufacturing companies
• State and national regulatory authorities

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Research Coverage:
The report defines, describes, and forecasts the global instrument transformers market by type, voltage, dielectric medium, enclosure type, application, end-user, and region. It also offers a detailed qualitative and quantitative analysis of the market. The report provides a comprehensive review of the major market drivers, restraints, opportunities, challenges, winning imperatives, and key issues. It also covers various important aspects of the market.

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This release was published on openPR.