openPR Logo
Press release

Continuous Advancing Commercial And Residential Sector Markets For Low Voltage Current Transformer Is Poised To Expand At CAGR Of Close To 5% By 2030

07-14-2022 07:31 AM CET | Industry, Real Estate & Construction

Press release from: Fact.MR

Current Transformer Market Outlook

Current transformers are used along with both, metering and protection devices. They are designed in way that when installed in a circuit, they produce an alternating current in the secondary winding, which is proportional to the current in its primary.

Demand for the product has gained momentum, influenced by increased application across industries, power plants, power grids, control rooms, and switch gears for metering and protection purposes.

Request a Free Sample: https://www.factmr.com/connectus/sample?flag=S&rep_id=2620

Moreover, protective current transformers provide control and safety devices with measurement information. These transformers convert the AC current of any value to a proportionate lower current, which makes it easier for relays and metering devices to make significant changes in their functioning.

Manufacturers offer low voltage current transformers coupled with digital meters that help users to monitor electricity demand and keep a record of electricity consumption by the electrical equipment connected to the wiring. Market players are offering customized current transformers to meet the varying specification requirements of various end users.

Connect To an Expert: https://www.factmr.com/connectus/sample?flag=AE&rep_id=2620

Key Takeaways from Current Transformer Market Study

The market is anticipated to add 1.4X value in 2030 as compared to 2020.
Dry current transformers capture a major chunk of the market, equivalent to 70% of the total market share.
Low voltage is the fastest-growing segment in the current transformer space, owing to increased application in the industrial and commercial sector.
North America will dominate the market revenue in 2030, and is expected to gain 142 BPS in its market share by 2030 over 2020.
Metering application is anticipated to gain around 216 BPS over the next ten years.
The use of current transformers in protection applications is anticipated to lose around 216 BPS by 2030.
The market in Germany and the U.K. is expected to progress at CAGR of close to 4% through 2030.
The U.S. market is projected to expand at a CAGR close to 5% over the next ten years.
Due to the COVID-19 pandemic, demand was hit, and the market witnessed a growth rate of -4.4% in 2020, with things likely to come back to normal by the second half of 2021.

Buy Now: https://www.factmr.com/checkout/2620

Who is Winning in this Space?

The global current transformer market is highly competitive in nature, and is thriving on key players. However, competition has become intense due to the presence of regional players that offer products at lower prices. Also, to maintain their position in this space, key players are coming out with diversified and customized product offerings to match specific customer requirements.

Furthermore, it is observed that, manufactures and market players with strong financial muscle and reputation succeed in getting government contracts, which make it difficult for small players to compete against these giants in the market

Key Segments of the Current Transformer Market

The Fact.MR's study on the mist eliminator market offers information divided into three key segments-type, material, end-user and region. This report offers comprehensive data and information about important market dynamics and growth parameters associated with these categories.

Type
Wire Mesh
Vane
Fiber Bed

Material
Metal
Polypropylene
FRP & Others

End User
Oil & Gas
Desalination
Power Generation
Chemical
Others

Region
North America
Latin America
Europe
East Asia
South Asia & Oceania
Middle East & Africa (MEA)

Key Questions Answered in Report

Which are the most lucrative markets for Current Transformer?
Which factors will impact the growth of the market?
How will changing trends impact the strategies of Current Transformer market players?
How can market players capture the low-hanging opportunities across regions?
Which companies are leading the industry?
What are the winning strategies of stakeholders in the Current Transformer market?

Benefits of Fact.MR Study

Fact.MR has gradually established itself as one of the leading market research companies across the globe. Our unique, methodical, and up-to-date approach towards creating high-quality market reports ensures the reports include relevant market insights. Further, our team of analysts leaves no stone unturned while curating market reports in accord with the requirement of our clients.

Read More Trending Reports of Fact.MR: - https://www.newswire.co.kr/newsRead.php?no=943298

US Sales Office :
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583
E-Mail: sales@factmr.com
Blog URL: https://blog.factmr.com/

Corporate Headquarter:
Unit No: AU-01-H Gold Tower (AU),
Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers,
Dubai, United Arab Emirates

Market research and consulting agency with a difference! That's why 80% of Fortune 1,000 companies trust us for making their most critical decisions. We have offices in US and Dublin, whereas our global headquarter is in Dubai. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise. Spanning a wide range - from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analysed. Reach out to us with your goals, and we'll be an able research partner.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Continuous Advancing Commercial And Residential Sector Markets For Low Voltage Current Transformer Is Poised To Expand At CAGR Of Close To 5% By 2030 here

News-ID: 2679639 • Views: 205

More Releases from Fact.MR

Global Niobium Hydride Market Is Forecast To Grow To US$ 67 Million By 2032
The global niobium hydride market reached a valuation of US$ 38 million at the end of 2021 and is forecast to grow to US$ 67 million by 2032, expanding at a high CAGR of 5.4%. Stronger downstream demand, rising consumer spending, and increased business investments are likely to benefit niobium hydride suppliers. Despite an economic slowdown, the global hydrogen industry is poised to witness significant growth over the coming years. Ramped-up production
Surging Sales of Cost-Effective UAVs Positively Driving Anti-Drone Market, Revea …
As per the latest market analysis by Fact.MR, a market research and competitive intelligence provider, the global anti-drone market is expected to reach a valuation of US$ 7.4 billion by the end of 2032 while expanding at an impressive CAGR of 20.9% over the assessment period. Drone neutralization equipment promises notable growth and a dynamic shift in the anti-drone market. Moreover, the emergence of cost-effective and open-source UAVs with new advanced
Integration of Smart Sensors to Support Vacuum Pump Market Growth in United Stat …
The United States vacuum pump market is estimated at US$ 1.8 billion in 2022, and is predicted to register impressive growth at 6.6% CAGR through 2032. The market registered yearly growth at 4.7% during 2017-2021, as per detailed analysis by Fact.MR, a market research and competitive intelligence provider. Manufacturers of vacuum pumps are launching systems with smart sensors that allow for the recording and saving of operating data. These kinds of innovations are
Epilator Consumption Across The World Is Anticipated To Increase At A CAGR Of 5. …
The global epilators market stands at US$ 406.8 million in 2022 and is estimated to reach a market valuation of US$ 695 million by the end of 2032. Worldwide consumption of epilators is predicted to increase at a CAGR of 5.5% between 2022 and 2032. As aesthetic awareness among people increases, it is expected to drive demand for hair removal devices, since having smooth hairless skin is aseptically pleasing as per

All 5 Releases


More Releases for Current

Current Transformer Market 2021 Current Trends Analysis, Business Overview Analy …
The global current transformer market is expected to exhibit significant growth during the forecast period. This is attributed to increase in number of installations of current transformers and replacement of old transformers with new ones due to the rise in demand for power on a global level. In addition, the market is experiencing surge in demand for effective grid monitoring and control systems equipped with transformers, transformer monitors, sensors, and
Direct current-Direct Current Converter Market Size, Share, Development by 2025
LP INFORMATION recently released a research report on the Direct current-Direct Current Converter analysis, which studies the Direct current-Direct Current Converter industry coverage, current market competitive status, and market outlook and forecast by 2025. Global “Direct current-Direct Current Converter Market 2020-2025” Research Report categorizes the global Direct current-Direct Current Converter by key players, product type, applications and regions,etc. The report also covers the latest industry data,
Residual Current Circuit Breaker Market Quantitative Market Analysis, Current an …
Stringent safety regulations & standards, such as Canadian CSA standard, UL1053 and IEC61008, and increasing demand for high-quality circuit breakers across the globe are the factors driving the residual current circuit breaker market over the forecast period. For the protection over potentially damaging thermal and dynamic stresses of any over currents, the residual current circuit breaker are taken into consideration which are used in series with a fuse or MCB.
Magneto Optic Current Transformer Market 2017 by Current & Upcoming Trends
Qyresearchreports include new market research report Global Magneto Optic Current Transformer Market Research Report 2017 to its huge collection of research reports. The global market for Magneto Optic Current Transformer is discussed in detail within a new research study added recently to QYResearchReports.com. The report has been carefully examined both qualitatively and quantitatively and the results are revealed in the research report for the forecast period of 2017 to 2022. In
ESP: Current legal issues
Recent legislative approvals: measures for budgetary stability and competitiveness. After several quarters of slow recovery, the Spanish economy became intensely vulnerable to deterioration in the euro zone and plunged back into recession during 2011. Through the R.D. Law 20/2012, July 13, (B.O.E. 14/07/2012), relating to measures to guarantee the budgetary stability and promote the competitiveness, the Central Government seeks to recover the path of stable economic growth in Spain. Among the measures
ESP: Current legal issues
Recent legislative approvals: The reform of the Spanish Labor Market. The expected Spanish labor market reform has been approved through the R.D. Law 3/2012, February 10th, relative to urgent measures for the Reform of the Labor Market. Among its main measures, includes the following: - Changes in the individual dismissal: the dismissal severance passes from 45 to 33 days of salary per year worked, with a maximum of 24 monthly payments. - Changes in collective dismissals