Instrument Transformers Market Size, Status and Global Outlook 2021 to 2030 - ABB Ltd.; Arteche Group; Bharat Heavy Electricals Limited, Schneider Electric; Siemens

Global Instrument Transformers Market Size and Forecast to 2021 – 2030 is a valuable source of insightful data for business strategists. It provides the industry overview with growth analysis and historical & futuristic cost, revenue, demand, and supply data. The research analysts provide a detailed description of the value chain and its distributor analysis. This Market study provides comprehend Instrument Transformers data that enhances the understanding, scope, and application of this report.

The study includes market share analysis and profiles of players such as ABB Ltd.; Arteche Group; Bharat Heavy Electricals Limited; CG Power and Industrial Solutions Limited; General Electric Co; Mitsubishi Electric Corporation; Schneider Electric; Siemens; Toshiba Corporation; Amran Instrument Transformers; Eaton Corporation.

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The global instrument transformers market is expected to grow from $7.01 billion in 2020 to $7.61 billion in 2021 at a compound annual growth rate (CAGR) of 8.47%. The growth is mainly due to the growing demand for electricity, fuel by growing reliance on electrical devices in the forecast period. The market is expected to reach $9.69 billion in 2025 at a CAGR of 6.23%.

Market Overview:

The instrument transformers market consists of sales of instrument transformers by entities (organizations, sole traders, and partnerships) that manufacture instrument transformers. Instrument transformers are electrical devices of high precision that are used to isolate or convert the voltage or current levels. Instrument transformers are most often used to run instruments or metering from high voltage or high current circuits while securely disconnecting secondary control circuits from high voltages or currents.

The increasing electricity demand is expected to fuel the growth of the instrument transformers market in the coming years. Electricity is a form of energy that can be transmitted through wires and is used for heating, lighting, and machine power. As a result of increased household incomes, electrification of transportation and heat, surging demand for digitally connected devices and air conditioning, the electricity demand is expected to propel even further. Instrument transformers are specialized transformers that are used to test current and voltage while keeping measurement and control equipment isolated from the primary circuit. For instance, according to the World Energy Outlook, global electricity demand is expected to increase at 2.1% per year until 2040, double the rate of primary energy growth. The share of electricity in the overall final energy demand is expected to rise from 19% in 2018 to 24% in 2040 as a result of this. Therefore, the increasing electricity demand propels the growth of the instrument transformers market.

Industry News:

In March 2021, Siemens AG, a German-based company acquired C&S Electric Limited for $285.4 million. The acquisition will enable Siemens AG to take up the competitive infrastructure low-voltage market in India while creating a manufacturing hub for sourcing low-voltage products for export to global markets. C&S Electric Limited is an India-based electrical equipment manufacturer.

Market Scope:

1) By Type: Current Transformers; Potential Transformers; Combined Instrument Transformers
2) By Enclosure Type: Indoor; Outdoor
3) By Voltage: Distribution Voltage; Sub-Transmission Voltage; High Voltage Transmission; Extra High Voltage transmission; Ultra-High Voltage Transmission
4) By Application: Relaying; Switchgear Assemblies; Metering And Protection; Others
5) By End-User: Power Utilities; Power Generation; Industries and OEMs; Others

Browse the report description and TOC:

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Evaluate the supply-demand gaps, import-export statistics and regulatory landscape for more than top 20 countries globally for the Organic Soft Drinks market.

Region Coverage: Asia Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

Countries Coverage: USA, France, Germany, UK, China, Australia, India, Indonesia, Japan, South Korea, Russia, Brazil

The study objectives of this report are:

To study and analyze the global Instrument Transformers size (value and volume) by the company, key regions/countries, products and application, history data from 2020 to 2025, and forecast to 2030.
To understand the structure of Instrument Transformers by identifying its various sub-segments.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
Focuses on the key global Instrument Transformers manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis, and development plans in the next few years.
To analyze the Instrument Transformers with respect to individual growth trends, future prospects, and their contribution to the total market.
To project the value and volume of Instrument Transformers submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.

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