Electrical And Electronics Manufacturing

Global Instrument Transformers Market Outlook, Opportunities And Strategies

November 16, 2021 by The Business Research Company

Learn about the global instrument transformers market through The Business Research Company, which provides information on instrument transformers market size, instrument transformers market drivers and restraints, instrument transformers market players, the COVID-19 impact on the instrument transformers market, and more.

The global instrument transformers market is expected to grow from $7.01 billion in 2020 to $7.61 billion in 2021 at a compound annual growth rate (CAGR) of 8.47%. The growth in the instrument transformers market is mainly due to the growing demand for electricity, fuel by growing reliance on electrical devices in the forecast period. The market is expected to reach $9.69 billion in 2025 at a CAGR of 6.23%.

The increasing electricity demand is expected to drive innovation in instrument transformers manufacturing, thus driving the market during the forecast period.

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The instrument transformers market consists of sales of instrument transformers by entities (organizations, sole traders, and partnerships) that manufacture instrument transformers. Instrument transformers are electrical devices of high precision that are used to isolate or convert the voltage or current levels. Instrument transformers are most often used to run instruments or metering from high voltage or high current circuits while securely disconnecting secondary control circuits from high voltages or currents.

Global instrument transformers market segments include:

By Type: Current Transformers, Potential Transformers, Combined Instrument Transformers

By Enclosure Type: Indoor, Outdoor

By Voltage: Distribution Voltage, Sub-Transmission Voltage, High Voltage Transmission, Extra High Voltage transmission, Ultra-High Voltage Transmission

By Application: Relaying, Switchgear Assemblies, Metering And Protection, Others

By End-User: Power Utilities, Power Generation, Industries And OEMs, Others

By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific was the largest region in the instrument transformers market in 2020.

Technological advancement is shaping the instrument transformers market. Major companies operating in the instrument transformers field are focused on developing technological solutions for instrument transformers.

TBRC’s instrument transformers market report covers:

Major Market Players: ABB Ltd., Arteche Group, Bharat Heavy Electricals Limited, CG Power and Industrial Solutions Limited, General Electric Co, Mitsubishi Electric Corporation, Schneider Electric, Siemens, Toshiba Corporation, Amran Instrument Transformers, Eaton Corporation, EMEK Group, Instrument Transformer Equipment Corporation, Nissin Electric Co., Ltd., PFIFFNER instrument transformers, PME Power Solutions Limited, Rakesh Transformer Industries Pvt. Ltd, and Synergy Transformers.

Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.

Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)

The Instrument Transformers Global Market Report 2021: COVID-19 Growth And Change is one of a series of new reports from The Business Research Company that provides instrument transformers market overviews, analyzes and forecasts market size, share, instrument transformers market players, instrument transformers market segments and geographies, leading competitor revenues, profiles and market shares.

TBRC’s instrument transformers market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

Here is a list of similar reports from The Business Research Company:

Transformer Global Market Report 2021

High Power Transformers Global Market Report 2020

Medium Power Transformers Global Market Report 2020

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