Instrument Transformers Market Research Report 2019-2024 - Global Forecast and Analysis Report

Global instrument transformers market is forecast to grow at a CAGR of over 5% during 2019-2024, owing to increasing demand for power, rising emphasis on alternative energy production, improving and evolving technologies, refurbishment of aging infrastructure, and investments in smart grids and energy systems. Instrument transformers are high accuracy class electrical devices used to isolate or transform voltage or current levels. Moreover, growing investments in transmission & distribution infrastructure and massive investments in smart grids and energy systems, globally, would further drive global instrument transformers market during the forecast period.

In terms of type, global instrument transformers market has been categorized into current transformers, potential transformers and combined transformers. Of these types, the current transformers category is expected to account for a significant market portion in coming years, owing to its application in electrical circuit as it is mostly used to measure more than 5 A magnitude of electrical circuit. Current transformers are the type of a series connected instrument transformers. 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.

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Asia-Pacific instrument transformers market accounted for a significant portion of the global market for instrument transformers in 2018 and is expected to register strong growth during forecast period as well, on the back of increasing investments in grid expansion projects by developing nations such as China and India to boost their distribution grid reliability. Among the countries in the region, China was the largest market for instrument transformers in 2018. China has the highest installed power generation and distribution capacities, which is turn is resulting in huge demand for instrument transformers.

Global instrument transformers market is characterized by a diverse group of regional and international manufacturers. The market for instrument transformers is moderately fragmented in nature. There is very minimal product differentiation which induces vendors to retain their market shares by pricing their products and services competitively. Additionally, established international vendors face intense competition form the regional vendors who provide customers with comparatively low-priced and customized products.

Some of the leading players in global Instrument transformers market are Siemens AG, General Electric Company, ABB Ltd, Arteche Lantegi Elkartea SA, KONČAR �" Elektroindustrija d.d., PFIFFNER Messwandler AG, Indian Transformers And Electricals Pvt. Ltd, Instrument Transformer Technologies Pty Ltd, Emek Elektrik Endustrisi AS, XD Group Corporation, etc.

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Table of Content:

1. Product Overview
2. Research Methodology
3. Executive Summary
4. Voice of Customer

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5. Global Instrument Transformers Market Outlook
6. Asia-Pacific Instrument Transformers Market Outlook

6.3.  China Instrument Transformers Market Outlook

6.4.  India Instrument Transformers Market Outlook

6.5.  Japan Instrument Transformers Market Outlook

6.6.  South Korea Instrument Transformers Market Outlook

6.7.  Australia Instrument Transformers Market Outlook

6.8.  Thailand Instrument Transformers Market Outlook

6.9.  Malaysia Instrument Transformers Market Outlook

7. Europe Instrument Transformers Market Outlook

7.3.  France Instrument Transformers Market Outlook

7.4.  Germany Instrument Transformers Market Outlook

7.5.  United Kingdom Instrument Transformers Market Outlook

7.6.  Italy Instrument Transformers Market Outlook

7.7.  Spain Instrument Transformers Market Outlook

8. North America Instrument Transformers Market Outlook

8.3.  United States Instrument Transformers Market Outlook

8.4.  Mexico Instrument Transformers Market Outlook

8.5.  Canada Instrument Transformers Market Outlook

9. South America Instrument Transformers Market Outlook

9.3.  Brazil Instrument Transformers Market Outlook

9.4.  Argentina Instrument Transformers Market Outlook

9.5.  Colombia Instrument Transformers Market Outlook

10. Middle East & Africa Instrument Transformers Market Outlook

10.3.              South Africa Instrument Transformers Market Outlook

10.4.              Saudi Arabia Instrument Transformers Market Outlook

10.5.              UAE Instrument Transformers Market Outlook

10.6.              Iran Instrument Transformers Market Outlook

11. Market Dynamics
12. Market Trends & Developments
13. Competitive Landscape

13.3.              Global Players Profiled (Leading Companies)

13.3.1    Siemens AG

13.3.2    General Electric Company

13.3.3    ABB Ltd

13.3.4    Arteche Lantegi Elkartea SA

13.3.5    KONČAR �" Elektroindustrija d.d.

13.3.6    PFIFFNER Messwandler AG

13.3.7    Indian Transformers And Electricals Pvt. Ltd.

13.3.8    Instrument Transformer Technologies Pty Ltd

13.3.9    Emek Elektrik Endustrisi AS

13.3.10 XD Group Corporation

Strategic Recommendations

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