Press release
Instrument Transformers Market Size, Revenue Analysis, Industry Outlook And Forecast, 2022-2026: ABB Ltd., Arteche Group, Bharat Heavy Electricals Limited
Instrument Transformers Market
The regions covered in the instrument transformers market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. Among these regions, Asia Pacific accounts for the largest instrument transformers market share.
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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.
Key competitors in the instrument transformers market are ABB Ltd., Arteche Group, Bharat Heavy Electricals Limited, CG Power and Industrial Solutions Limited, General Electric Co, Mitsubishi Electric Corporation.
The global instrument transformers market size is expected to grow from $7.61 billion in 2021 to $8.17 billion in 2022 at a compound annual growth rate (CAGR) of 7.4%. The growth in the market is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The instrument transformer market is expected to reach $10.69 billion in 2026 at a CAGR of 6.9%.
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TBRC's report segments the global instrument transformers market:
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
Read Further On The Instrument Transformers Market Here:
https://www.thebusinessresearchcompany.com/report/instrument-transformers-global-market-report
The Table Of Contents Includes:
1. Executive Summary
2. Instrument Transformers Market Characteristics
3. Instrument Transformers Market Trends And Strategies
4. Impact Of COVID-19 On Instrument Transformers
5. Instrument Transformers Market Size And Growth
.....
28. Key Mergers And Acquisitions In The Instrument Transformers Market
29. Instrument Transformers Market Future Outlook And Potential Analysis
30. Appendix
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