Press release
What’s Driving the Instrument Transformer Market Trends? ABB, General Electric, Eaton, Schneider Electric, Siemens
Instrument Transformer Market
Research forecasts the Instrument Transformer Market to grow from 1 MU in 2018 to 8 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 8.1% during the forecast period 2019-2025.
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In the recent years, current transformers have gained significant upsurge on account of their attributes to integrate high primary current into a compact system. Product adaptability towards the measurement & protection of electricity infrastructure coupled with ongoing enhancements to ensure operational feasibility will further stimulate the instrument transformer market share. Furthermore, enhancing product properties have laid substantial grounds for digitalization to integrate effective product configuration will positively influence the industry landscape.
Prominent players across instrument transformer market comprise Mitsubishi Electric, Siemens, Amran, General Electric, ABB, Bharat Heavy Electricals Limited, Schneider Electric, Toshiba, Eaton, CG, Instrument Transformer Equipment Corporation, Celme, TRENCH, Mehru, and Raychem RPG.
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Growth Drivers:
• North America
• Refurbishment demand for existing grid infrastructure
• Rising infrastructural spending
• Europe
• Growing deployment of renewable energy
• Upgradation of existing grid network
• Asia Pacific
• Large-scale renewable integration
• Increasing demand for electricity
• Middle East and Africa
• Increasing demand for electricity
• Growing investment toward expansion of distribution networks
Refurbishment & renovation of existing transmission & distribution networks in line with rising space restrictions have positively influenced the indoor based instrument transformer market. Flourishing real estate sector in line with rapid industrialization across emerging energy countries pave the way for product adoption. Moreover, rampant development of T&D networks across developing energy markets will complement the business landscape.
Growing competitive counterparts along with improving end user awareness have augmented the solid insulation-based instrument transformer market growth. Although, effective insulating property, competitive cost structure coupled with flexible product properties are anticipated to boost the product adoption. Paradigm shift from existing technologies through consistent integration of digitized monitoring & control units will further nurture the industry outlook.
Table of content:
Chapter 4 Instrument Transformer Market, By Product
4.1 Instrument transformer market share by product, 2018 & 2025
4.2 Current
4.2.1 Global market from current, 2014 - 2025
4.2.2 Global market from current, by region, 2014 - 2025
4.2.3 Wound
4.2.3.1 Global market from wound, 2014 - 2025
4.2.3.2 Global market from wound, by region, 2014 - 2025
4.2.4 Closed
4.2.4.1 Global market from closed, 2014 - 2025
4.2.4.2 Global market from closed, by region, 2014 - 2025
4.3 Potential
4.3.1 Global market from potential, 2014 - 2025
4.3.2 Global market from potential, by region, 2014 - 2025
4.3.3 Electromagnetic
4.3.3.1 Global market from electromagnetic, 2014 - 2025
4.3.3.2 Global market from electromagnetic, by region, 2014 - 2025
4.3.4 Capacitor
4.3.4.1 Global market from capacitor, 2014 - 2025
4.3.4.2 Global market from capacitor, by region, 2014 - 2025
Chapter 5 Instrument Transformer Market, By Winding
5.1 Instrument transformer market share by winding, 2018 & 2025
5.2 Two - winding
5.2.1 Global market from two - winding, 2014 - 2025
5.2.2 Global market from two - winding, by region, 2014 - 2025
5.3 Auto - transformer
5.3.1 Global market from auto - transformer, 2014 - 2025
5.3.2 Global market from auto - transformer, by region, 2014 – 2025
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