Press release
Instrument Transformers Industry Size to Grow $10.6 billion by 2030 | ABB, General Electric, Siemens
The instrument transformers market is poised for substantial growth during this period, primarily due to the development of power distribution infrastructure in response to the growing demand for electricity. Furthermore, the expansion of renewable energy-based capacity, increased investments in industrial production, and government initiatives for grid modernization are likely to drive the demand for instrument transformers.
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The instrument transformers market is classified in this research report based on type, installation, enclosure, voltage, end-user, application, and region.
Based on type:
Current
Potential
Combined
Based on installation types:
Liquid
SF6 Gas
Solid
Based on enclosure:
Indoor
Outdoor
Based on Voltage:
Distribution Voltage
Sub-Transmission Voltage
High Voltage Transmission
Extra High Voltage Transmission
Ultra-High Voltage Transmission
Based on end-users:
Power Utilities
Power Generation
Railway & Metros
Industries & OEM
Based on Application:
Transformer & Circuit Breaker Bushing
Switchgear Assemblies
Relaying, Metering & Protection
Primary Metering Units
Based on regions:
North America
Asia Pacific
South America
Europe
Middle East and Africa
Outdoor segment, by enclosure type, to be the largest market.
Outdoor transformers are built to survive severe temperatures, humidity, and exposure to the weather. Because of their robustness, they can be deployed outside without reducing performance. These transformers are easier to construct than indoor transformers since they don't require specific interior infrastructure. This simplicity of installation helps to faster deployment and less downtime throughout the installation process. The external enclosure style allows for greater flexibility in grid layout and extension. These transformers are strategically deployed around the system to improve scalability and responsiveness to changing power distribution needs.
Asia Pacific to emerge as the largest instrument transformers market.
Ongoing enhancements in instrument transformer technologies improve their performance, reliability, and efficiency, drawing acceptance in the Asia Pacific market for updated power infrastructure. The growing use of renewable energy sources demands the use of modern instrument transformers to handle the various and intermittent nature of renewable power generation. China is the largest market for Asia-Pacific transformers, followed by India and Japan, due to increased power consumption and the construction and connection of renewable energy sources to the country's grid.
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Key Players
Key players in the global instrument transformers market include ABB (Switzerland), General Electric (US), Siemens (Germany), Schneider Electric (France), and Mitsubishi Electric (Japan).
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