Instrument Transformers Market is expected to reach USD 11.91 Billion by 2026 from USD 7.58 Billion in 2016 at a CAGR of 4.63% (Detailed analysis of the market CAGR is provided in the report). Instrument Transformers are electrical devices that are used to transform or isolate voltage or current levels with high accuracy.Instrument Transformers Market Instrument Transformers Market based on type has been segmented into current, potential and combined Instrument Transformers Market. The current transformers segment is expected to be one of the largest contributors for Instrument Transformers Market. Current transformers (CT) are the type of a series connected instrument transformer. They have an accurate current ratio and phase relationship to enable accurate secondary connected metering and provide the negligible load to the supply being measured. The distribution voltage segment is expected to hold one of the largest market shares for Instrument Transformers Market. Power distribution utility segment is expected to be one of the largest contributors to the market growth. Power distribution utilities take care of the operation, maintenance, and installation of the grid infrastructure.
Geographically, Asia Pacific (APAC) has formed one of the largest markets for global instrument transformer market. The rise in alternative energy sources and large investment in smart grid and energy systems are some of the factors driving the market growth.
Key Highlights:
- Instrument Transformers Market analysis and forecast, in terms of value.
- Comprehensive study and analysis of market drivers, restraints and opportunities influencing the growth of the Instrument Transformers Market.
- Instrument Transformers Market segmentation on the basis of type, source, end-user, and region (country-wise) has been provided.
- Instrument Transformers Market strategic analysis with respect to individual growth trends, future prospects along with the contribution of various sub-market stakeholders have been considered under the scope of the study.
- Instrument Transformers Market analysis and forecast for five major regions namely North America, Europe, Asia Pacific, the Middle East & Africa (MEA) and Latin America along with country-wise segmentation.
- Profiles of key industry players, their strategic perspective, market positioning and analysis of core competencies are further profiled.
- Competitive developments, investments, strategic expansion and competitive landscape of the key players operating in the Instrument Transformers Market are also profiled.
Research Methodology
Bloomberg, Factiva, and Hoovers are some of the sites that are being referred to gain insights about Instrument Transformers Market. Experts from top manufacturing companies along with other stakeholders have been considered. This is done to validate and collect critical information for evaluating trends related to this market during the forecast period. Top-down and bottom-up approaches have been used to estimate the global and regional size of this market. Data triangulation techniques along with other comparative analysis are also used to calculate the exact size of the Instrument Transformers market globally.
Some of the key players operating in the Instrument Transformers Market include
- ABB (Switzerland)
- Siemens (Germany)
- Schneider Electric (France)
- General Electric (US)
- Mitsubishi Electric (Japan)
- Siemens (Germany)
- BHEL (India)
- Nissin Electric (Japan)
- Arteche (Spain)
- CG Power (India)
- Emek (US)
Key Target Audience:
- Banks, venture capitalists, financial institutions and other investors
- Companies related to electric power transmission, generation, and distribution
- Government and research organizations
- Government and industry associations
- Energy associations and Environment associations
- State and national regulatory authorities
- Smart grid project developers
- Instrument transformer component dealers, manufacturers, and suppliers
- Substation equipment manufacturing companies
Years considered to estimate the market size of the Instrument Transformers market have been mentioned below:
- Base year-2016
- Estimated year-2017
- Forecast year- 2017 to 2026
The scope of the Instrument Transformers Market Report:
The Research report segments the Instrument Transformers Market systems market based on type, dielectric medium, voltage, enclosure type, application, end-user, and geography.
Instrument Transformer Market, By Type:
- Current Transformers
- Potential Transformers
o Inductive Potential Transformers
o Capacitive Potential Transformers
- Combined Instrument Transformers Market
Instrument Transformer Market, By Dielectric Medium:
- Liquid Dielectric
- SF6 Gas Dielectric
- Solid Transformers
Instrument Transformer Market, By Voltage:
- Distribution Voltage
- Sub-Transmission Voltage
- High Voltage Transmission
- Extra High Voltage transmission
- Ultra-High Voltage Transmission
Instrument Transformer Market, By Enclosure Type:
- Indoor
- Outdoor
Instrument Transformer Market, By Application:
- Transformer and Circuit Breaker Bushing
- Switchgear Assemblies
- Relaying
- Metering and Protection
Instrument Transformer Market, By End-User:
- Power Utilities
o Power Transmission Utilities
o Power Distribution Utilities
- Power Generation
- Railways and Metros
- Industries and OEMs
Instrument Transformer Market, By Geography:
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Geographic Analysis
- Breakdown of North America Instrument Transformers Market
- Breakdown of Europe Instrument Transformers Market
- Breakdown of Asia Pacific Instrument Transformers Market
- Breakdown of Middle East & Africa Instrument Transformers Market
- Breakdown of Latin America Instrument Transformers Market
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Table of Contents
Instrument Transformers Market
- EXECUTIVE SUMMARY
- RESEARCH METHODOLOGY
2.1. Market Definition
2.2. Market Scope
2.3. Data Sources
- MARKET DYNAMICS
3.1. Market Drivers
3.2. Market Restraints
3.3. Market Opportunities
- END-USER OVERVIEW
4.1. Value Chain Analysis
4.2. Key Trends
