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Instrument Transformer Market Size By Product (Current {Wound, Closed}, Potential {Electromagnetic, Capacitor}), By Winding (Two winding, Auto-transformer), By Installation (Outdoor, Indoor), By Cooling (Dry type {Self-air, Air blast}, Oil immersed {Self cooled, Water cooled, Forced oil}), By Insulation (Gas, Oil, Solid, Air), By Phase (Three, Single), By Rating (≤ 250 kV, 251 to 500 kV, > 500 kV), By Mounting (Pad, Pole, PC/PCB), By Application (Residential & Commercial {Education, Healthcare, Societies}, Utility, Industrial {Railways, Cement, Power, Oil & Gas}), Industry Analysis Report, Regional Outlook (U.S., Canada, Mexico, Germany, France, Russia, UK, Italy, Spain, Netherlands, Austria, Denmark, Sweden, China, Japan, South Korea, India, Australia, New Zealand, Malaysia, Indonesia, Saudi Arabia, UAE, Qatar, Egypt, South Africa, Nigeria, Kuwait, Oman, Israel, Turkey, Brazil, Peru, Argentina), Price Trends, Competitive Market Share & Forecast, 2017 – 2024

Published Date: Oct 2017 | 800 Pages | Report ID: GMI2141 | Authors: Ankit Gupta, Aditya Singh Bais | Report Format: PDF

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Industry Trends

Instrument Transformer Market size for 2016 was valued over USD 3 billion and the annual installation is set to exceed 50 thousand units by 2024.

Europe Instrument Transformer Market Size, By Rating, 2016 & 2024 (USD Million)

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Rising electricity demand coupled with growing concerns pertaining to grid stability in the recent years will augment the instrument transformer market. Soaring investments toward rural electrification along with refurbishment of existing grid infrastructure will further compelled authorities to integrate an effective monitoring and protection mechanism. Thereby, increasing network complexities across the grid infrastructure in association to the accruing peak electricity demand from consumers will comprehensively embellish the industry outlook.

Integration of smart monitoring and control units coupled with briskly expanding smart grid networks will drive the industry size. Leading market participants have consistently been investing toward the development of effective and energy efficient units. Henceforth, amplifying equipment precision to sustain the frequent voltage and current faults across electrical networks will substantially boost the product penetration.

Instrument Transformer Market, By Product

Current transformer over the years have gained significant penetration on account of their indispensable attribute to scale a large primary current into a smaller value. Product flexibility towards the measurement & protection of electrical networks coupled with ongoing enhancements to sustain an effective phase displacement and security factor will further thrust the industry growth. Rapid technological enhancements have moreover paved the way for potent digitization leading to higher product efficiencies which in turn will positively influence the business outlook.

Instrument Transformer Market, By Winding

Auto transformer in 2016, accounted for over 50% of the global instrument transformer industry share. Voltage regulation and operational flexibility are some of the parameters which will boost the product penetration. System compactness, improved efficiency and competitive cost structure further augment the unit deployment when compared to the available alternatives. In addition, diversified applications along with increasing constraints toward energy efficiency will positively impact the business landscape.

Instrument Transformer Market, By Installation

Refurbishment of existing T&D networks adhered by growing space constraints have integrated a favourable business scenario across the indoor instrument transformer market. Flourishing real estate sector coupled with rapid industrialization across emerging markets will further stimulate the product demand. The developing economies on account of rampant expansion across T&D networks have laid comprehensive grounds for unit deployment in line with network safety and effective monitoring.

Instrument Transformer Market, By Cooling

Oil immersed is projected to grow over 7% by 2024. The technology on account of its improved efficiency coupled with longer life expectancy when compared to its competitive counterparts have gained substantial market penetration. Furthermore, effective cooling in consideration to reducing hot spot temperatures along with comparatively enhanced overload capability further complement the business outlook.

Instrument Transformer Market, By Insulation

Immense competitive dominance adhered by low consumer awareness have extensively swayed the solid insulated market growth. However, effective insulating property, competitive cost structure along with compact unit configurations are projected to escalate the product demand. Paradigm shift from traditional technologies through consequent integration of digitized monitoring & control units will further elevate the industry potential.

Instrument Transformer Market, By Phase

Enactment of favourable regulatory framework to ameliorate the slumping small-scale industries across developing markets along with ongoing industrial expansion will foster the single-phase instrument transformer industry growth. Institution of a sustainable electrical infrastructure supported by reforms including subsidies, incentives, and leveraging schemes will further complement the business outlook.

Instrument Transformer Market, By Rating

251 to 500 kV instrument transformer market in 2016, was valued over USD 1 billion. Significant growth across infrastructure and utility sectors coupled with rising electricity demand from emerging economies will positively impact the business landscape. Rapid integration of smart grid networks coupled with grid integration of renewable technologies will further stimulate the product penetration. In addition, the product in the recent years subject to frequent fluctuations and power lags across residential and commercial establishments have gained extensive growth.

Instrument Transformer Market, By Mounting

Ongoing proliferation across the global transportation industry in consideration to the expansion of rail and road networks to establish a sustainable supply chain mechanism will drive the pole mounted instrument transformer industry size. Emerging electricity markets across Asia Pacific and Africa in the recent years have laid immense focus towards utility based T&D network expansion. In addition, rising infrastructural investments from public and private aided financial institutions coupled with the current economic scenario across the regions will further embellish the industry landscape.

Instrument Transformer Market, By Application

Residential & commercial instrument transformer market in the past decade have witnessed a significant turnaround subject to rapid urbanization and rising electricity demand across the globe. Growing demand for the refurbishment of traditional grid networks coupled with the upgradation of existing infrastructure across developed regions will further augment the business outlook.

Instrument Transformer Market, By Region

U.S. market is set to witness an annual installation over 4,000 units by 2024. The industry across the nation is extensively driven by ongoing refurbishment demand for existing grid infrastructure along with favourable regulatory measures to ensure grid sustainability. Rapid adoption of smart monitoring and control units along with rising infrastructural investments will further proliferate the industry growth.

High-scale industrial expansion coupled with rapid deployment of smart transformer units to sustain an effective demand side management will thrust the Germany market share. Stringent energy efficiency norms across the European sub-continent have compelled manufacturers to align their focus towards the development of cost competitive and effective transformer technologies. Furthermore, ongoing deployment of renewable technology to sustain the rising energy demand will further stimulate the product demand.

Competitive Market Share

Eminent participants across the industry include Crompton Greaves, ITL, Amran Inc, ABB, Siemens, Weidmann, Meramec, General Electric, Raychem RPG, ITEC, HEYI Electrical, Schneider Electric, KONCAR, EATON, Toshiba, Mitsubishi, TRENCH, BHEL, DENT Instruments, Mehru, Ruhstrat, and Celme.

Strong supply chain collaborations coupled with facility expansion to ensure economies of scale are the prime strategic implications by the leading industry participants.

Instrument Transformer Industry Background

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Instrument transformers are electrical devices used to transform or isolate current and voltage levels. Prime application of instrument transformers is either to operate instruments or safely carry out metering from high current or voltage circuits. Primary winding of the instrument transformer is connected to the high current or voltage circuit and furthermore, the relay or meter is connected to the secondary winding. The products may also cater as an isolation transformer to achieve phase shifting operations without affecting the auxiliary primary connected devices.

What Information does this report contain?

Historical data coverage: 2013 to 2016; Growth Projections: 2017 to 2024.
Expert analysis: industry, governing, innovation and technological trends; factors impacting development; drawbacks, SWOT.
6-7 year performance forecasts: major segments covering applications, top products and geographies.
Competitive landscape reporting: market leaders and important players, competencies and capacities of these companies in terms of production as well as sustainability and prospects.

Our Market Research Reports Include:

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