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What's Helps Magnetic Optical Current Transformer Market Players in Increasing Revenue? Major Companies are ABB, PROFOTECH, TRENCH Group, ARTECHE, NR Electric Co., T&D

04-01-2020 05:33 AM CET | Energy & Environment

Press release from: Allied Market Research

What's Helps Magnetic Optical Current Transformer Market

Magnetic Optical Current Transformer Market Outlook - 2026

Magneto optic current transformer is a device that uses the influence of magnetic field to rotate orientation of polarized light. The rotation angle is dependent on the intensity of magnetic field. Thus, the magneto optic current transformer works on faradays effect to measure the electric current.

The use of magnetic optical current transformer provides resistance against electromagnetic interference introduced by the ground loop and provides protection to the devices.

The advantage of magneto optic current transformer such as its high voltage tolerance and absence of saturation state broadens its application across power stations industry and instrumentation.

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The drawback of conventional transformers such as saturation of magnetic field under high current, electromagnetic interference, and complicated insulation fosters the growth for the advanced magnetic optical current transformer market.

The key players covered in the magnetic optical current transformer market are ABB, PROFOTECH, TRENCH Group, ARTECHE, NR Electric Co., T&D, and others. These companies focus on R&D and strategies which encourages expansion, collaboration, and development with other firms and helps in increasing revenue, and expand product offerings in standardized form.

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The factors including increase in usage of high voltage devices across the power generation, transmission, and distribution station, and increase in usage of computer controlled and digital device in the industry drive the magnetic optical current transformer market growth. The power station and substation use inductive type current transformers, for high power applications, porcelain insulators and others where these conventional transformers offer less reliability in terms of breakage and device damage. Thus, the use of magneto optic current transformer provide resistance in high voltage operations.

There occur several instances where application of conventional transformers under high voltage current has caused damage to switchyards, electric damage to relays, and power service disruptions. High saturation level of magnetic optical current transformer overcomes this challenge and therefore is preferred for use even in the computerized control techniques and digital devices. Hence, the advantages of high voltage current resistance have influenced its application in the power generation market.

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The magnetic optical current transformer market is segmented on the basis of type, application, and region.

On the basis of type, it is bifurcated into fiber type and no-fiber type. On the basis of application, it is classified into transformer, electronic measurement devices, networking devices, power systems and instrumentations, transmission line-bus, and electrical high voltage (EHV) substations. On the basis of region, it is studied across North America, Europe, Asia-Pacific, and LAMEA.

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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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