Category : Energy and Power | Published at : March-2019 | Delivery Format : PDF | Status: Published | Pages : 160
Introduction
The global instrument transformer Market is projected worth US$ 7,830.6 million by 2026 and the market is projected to showcase 7.9% CAGR during the forecast period. The instrument transformer market is driven by an increase in adoption of smart monitoring devices to offer energy efficient energy solutions.
Market Dynamics
The increase in demand for instrument transformer in commercial & residential has observed an increase in growth rate owing to the increase in energy demand and rapid urbanization across the globe. The regulatory preference towards the renovation of current power grid networks along with the up-gradation of the traditional instrument transformer to offer energy efficient solutions across the developed countries is projected to boost the demand for instrument transformer across the globe.
Market Insights
The increase in of smart monitoring units combined with the rapidly emerging smart grid technologies is expected to boost the growth of instrument transformer market. The key players are continuously focusing on the expansion of energy efficient and cost-effective energy management solutions. Also, the advancement in smart grid technology is rapidly gaining traction and is expected to create profitable opportunities for the key manufacturers in the global instrument transformer market.
Market Classification
The global instrument transformer market is segmented into ten major segments named product, winding, installation, cooling, insulation, phase, rating, mounting, application, and region. On the basis of product, the global instrument transformer market is segmented into current and potential. The current sub-segment is further divided into wound and closed. The potential sub-segment is further divided into electromagnetic and capacitor. On the basis of winding, the global instrument transformer market is segmented into two-winding an auto-transformer. On the basis of installation, the global instrument transformer market is segmented into outdoor and indoor. On the basis of cooling, the global instrument transformer market is segmented into dry-type and oil immersed. The dry type is further segmented into self-air and air blast. Further, the oil immersed sub-segment is segmented into self-cooled, water-cooled, forced oil, and others. On the basis of insulation, the global instrument transformer market is segmented into gas, solid, oil, air, and others. On the basis of phase, the global instrument transformer market is segmented into 3 phase and single phase. On the basis of rating, the global instrument transformer market is segmented into <= 250 kV, 251 to 500 kV, and > 500 kV. On the basis of mounting, the global instrument transformer market is segmented into pole, pad, PCB, and others. On the basis of application, the global instrument transformer market is segmented into residential & commercial, utility, and industrial. The residential & commercial sub-segment is further segmented into healthcare, societies, education, and others. Also, the industrial sub-segment is segmented into power, cement, railways, oil & gas, and others. On the basis of the region, the global instrument transformer market is segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
Based on the application, the global instrument transformer market can majorly be segmented into three sub-segments, which are residential & commercial, utility, and industrial. The residential & commercial sub-segment is expected to dominate the global instrument transformer market owing to the increase in energy demand and rapid urbanization across the globe.
Regional Insights
The Asia Pacific region is expected to dominate the global instrument transformer market. The instrument transformer market in developing countries such as India and China is expected to create a huge demand for instrument transformer owing to the development of energy infrastructure. The instrument transformer market is mostly driven by the demand for the revamp of the traditional power grid infrastructure along with the favorable regulatory concerns in order to strengthen the power grid solutions.
Market Participants
The major players associated with the instrument transformer market are General Electric, Toshiba, Bharat Heavy Electricals Limited, Celme, Eaton Corporation, TRENCH Corp., Siemens, Schneider Electric, Amran, ABB Ltd, Raychem RPG, Instrument Transformer Equipment Corporation, and Mitsubishi Electric, etc.
Market Segmentation
Market By Product
- Current
- Wound
- Closed
- Potential
- Electromagnetic
- Capacitor
Market By Winding
-
- Two-winding
- Auto-transformer
Market By Installation
- Outdoor
- Indoor
Market By Cooling
- Dry-type
- Self-air
- Air blast
- Oil immersed
- Self-cooled
- Water-cooled
- Forced oil
- Others
Market By Insulation
- Gas
- Oil
- Solid
- Air
- Others
Market By Phase
- Single
- 3-phase
Market By Rating
- ≤ 250 kV
- 251 to 500 kV
- > 500 kV
Market By Mounting
- Pad
- Pole
- PCB
- Others
Market By Application
- Residential & Commercial
- Education
- Healthcare
- Societies
- Others
- Utility
- Industrial
- Railways
- Cement
- Power
- Oil & Gas
- Others
Market By Geography
- North America
- U.S.
- Canada
- Mexico
- Europe
- UK
- Germany
- France
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Australia
- Rest of Asia-Pacific
- Latin America
- Brazil
- Chile
- Rest of Latin America
- Middle East and Africa (MEA)
- South Africa
- Saudi Arabia
- Rest of MEA
