Global Magneto Optic Current Transformer Market accounted for USD 160 million in 2019 and is expected to reach around USD 250 million globally by 2024, at a CAGR of 7.7% between 2019 and 2024

The Magneto Optic Current Transformer (MOCT) measures the rotation angle caused by the magnetic field and converts it into a signal of few volts proportional to the electric currant. It consist of a sensor head located near the current carrying conductor, an electronic signal processing unit and fiber optical cables linking to these two parts. The sensor head consist of only optical component such as fiber optical cables, lenses, polarizers, glass prisms, mirrors etc. the signal is brought down by fiber optical cables to the signal processing unit and there is no need to use the metallic wires to transfer the signal.

In consumption market, the growth rate of global consumption is smooth relatively. China, North America and Europe are still the mainly consumption regions due to the advanced production technology and rapid development of economy.

The worldwide market for Magneto Optic Current Transformer is expected to grow at a CAGR of roughly 7.7% over the next five years, will reach 250 million US$ in 2024, from 160 million US$ in 2019.

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Market Segment by Manufacturers, this report covers
ABB
Profotech
The Trench Group
Arteche
NR Electric Co
T&D

Market Segment by Regions, regional analysis covers
North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Colombia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)

Market Segment by Type, covers
Fiber Type
Non Fiber Type

Market Segment by Applications, can be divided into
Transformer
Power Systems and Instrumentations
Modern Electronic Meters
Transmission Line- Bus
Breaker-Or Distribution Schemes
Others

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The Global Magneto Optic Current Transformer Market 2019 is further emphasis on the basis of product pricing, Magneto Optic Current Transformer production volume, data pertaining to demand and Magneto Optic Current Transformer supply, and the revenue garnered by the product. The report offers upstream and downstream analysis covering major raw material used in manufacturing of Magneto Optic Current Transformer along with detailed manufacturing sources. The report also offers list of major raw material manufacturers along with their manufacturing locations. Comprehensive raw material price trend analysis along with manufacturing cost analysis is also incorporated into the report. Diverse methodical tools such as investment returns, feasibility, SWOT analysis and market attractiveness analysis has been implemented in the research study to show a comprehensive, detailed research study of the industry for Magneto Optic Current Transformer across the globe.

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