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Instrument Transformer Market Report
Instrument Transformer Market Size, Share, Trend, Forecast, & Industry Analysis – 2021-2026
Instrument transformer market is likely to witness an impressive CAGR of 7.9% during the forecast period. The growing demand for instrument transformers is mainly due to rising concerns regarding grid stability and increasing demand for electricity all over the world.
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Instrument Transformer Market - Snapshot |
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Growth |
7.9% for the next five years |
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Major Product Type |
Current |
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Major Rating Type |
≤ 250 kV |
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Major Mounting Type |
Pole |
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Dominant Application Type |
Residential & Commercial |
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Region with the highest demand |
Asia-Pacific |
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Key Players |
ABB Group, Bharat Heavy Electricals Limited, CG Power and Industrial Solutions Ltd., Eaton, General Electric, Mitsubishi Electric Corporation, Raychem RPG Private Limited, Schneider Electric, Siemens, and Toshiba Corporation. |
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Based on the product type, the market is segmented as current and potential. The current segment held the larger share of the market in 2020, and is expected to remain dominant during the forecast period due to its attributes to assimilate large primary current into smaller units.
Based on the rating type, the market is segmented as ≤ 250 kV, 251 kV to 500 kV, and > 500 kV. The ≤ 250 kV segment is expected to remain dominant during the forecast period owing to growth of the infrastructure sector and increasing demand for electricity worldwide.
Based on the mounting type, the market is segmented as pad, pole, PC/PCB, and others. The pole segment is expected to remain dominant in the market during the forecast period due to its preferability in the African and Asia-Pacific’s developing markets.
Based on the application type, the instrument transformer market is segmented as residential & commercial, utility, and industrial. The residential & commercial segment leads the market owing to rapid urbanization in the developing countries and strict regulations regarding upgradation of existing grids to new units in the developed countries.
In terms of regions, Asia-Pacific is estimated to be the largest as well as the fastest-growing market for instrument transformers during the forecast period, with China, Japan, India, and Australia being the major countries offering lucrative growth opportunities. The growth of the region’s market is owing to rapid urbanization and industrialization in the developing economies of the region, creating huge demand for electricity, which is ultimately boosting the demand for instrument transformers. North America and Europe are also expected to offer substantial growth opportunities during the forecast period.
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Some of the major instrument transformer manufacturers are-
Instrument transformers are high accuracy electrical devices that are employed either to transform or to isolate voltage. The major usage of instrument transformers is to safely isolate secondary control circuity from high voltages while operating instruments from high voltage.
This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.
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Instrument Transformer Market Research Report - Features |
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Market Segmentation |
10 |
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Regions Covered |
4 |
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Countries/Sub-Regions Covered |
17 |
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No. of Figures & Tables |
>150 |
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Company Profiles |
10 |
The instrument transformer market is segmented into the following categories.
This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.
This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:
With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:
Company Profiling
Market Segmentation
Competitive Benchmarking
Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at sales@stratviewresearch.com.
The instrument transformer market is expected to witness an impressive growth of 7.9% CAGR in the foreseeable future.
ABB Group, Bharat Heavy Electricals Limited, CG Power and Industrial Solutions Ltd., Eaton, General Electric, Mitsubishi Electric Corporation, Raychem RPG Private Limited, Schneider Electric, Siemens, and Toshiba Corporation are among the key players in the Instrument transformer market.
Asia-pacific is expected to be the largest instrument transformer market during the next five years.
The current segment is expected to remain dominant product type in the instrument transformer market in the coming years.
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