Market Overview:
The global transformer turns ratio meters market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth of this market can be attributed to the increasing demand for transformer turns ratio meters in various applications, such as power transformers, potential transformers and current transformers. In addition, the growing demand for transformer turns ratio meters from emerging economies is also contributing to the growth of this market. However, fluctuations in prices of raw materials used in manufacturing transformer turns ratio meters may restrain the growth of this market during the forecast period.
Product Definition:
A transformer turns ratio meter is a device used to measure the ratio of the number of turns in the primary winding to the number of turns in the secondary winding of a transformer. This information can be used to determine if a transformer is overloaded or not. A transformer Turns Ratio Meter (TRM) is an instrument that uses two probes, one for each voltage, and measures their ratios.
Single-Phase Transformer:
Single-phase transformer is a device that converts the Alternating Current (AC) to single phase current. It has no load connected, so it can be used in any type of electrical application. Single-phase transformers are widely used for residential and commercial purposes as they provide high power factor and low noise characteristics.
The global SST market was valued at USD 1,078 million in 2015.
Three-Phase Transformer:
The three-phase transformer is a device that converts the single-phase AC power to three phases. It's major applications are in electric motors, UPS systems, and metering devices. The most commonly used type of three-phase transformer is the step down transformer which has an input voltage between 90V and 230V and a output voltage between 0V and 8 V.
Application Insights:
Power Transformers application segment accounted for the largest market share in 2017 and is projected to continue its dominance over the forecast period. The segment growth can be attributed to growing demand for power transformers across various industries, such as oil & gas, construction, etc. Increasing industrialization and urbanization have led to an increased need for electricity supply which has subsequently boosted product demand in power transformer applications.
The potential transformer application segment is expected register a CAGR of XX% from 2018 to 2030 owing to rising use of potential transformers by energy generation companies for hydroelectric projects and other small-scale renewable energy projects across developing countries including China, India and Brazil. Such factors are likely drive potential transformer turns ratio meters market growth over the forecast period.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market with a CAGR of XX% from 2018 to 2030 owing to increasing industrialization and manufacturing activities in the region. The growing end-use industries such as power, electronics, and others are also driving demand for Transformers in APAC region.
North America was the second largest regional market after Asia Pacific that accounted for over 25% of total revenue share in 2017 due to early adoption of technologies across various sectors such as energy & utilities and automotive industry which has led transformer production volumes over last few years especially in U.S., Canada, Mexico, and other Central & South American countries have been high thus resulting into high TTRM meters demand over last few years.
Growth Factors:
- Increasing demand for transformer turns ratio meters from the utility sector as a result of the growing need for reliable and accurate power transmission and distribution.
- Rising investments in smart grid infrastructure across the globe, which is expected to create opportunities for transformer turns ratio meters market growth over the forecast period.
- Growing demand from end-use industries such as oil & gas, automotive, and aerospace & defense due to increasing adoption of advanced technologies in these sectors.
- Proliferation of renewable energy sources such as solar and wind power, which is resulting in an increase in transformer installations, thereby driving demand for transformer turns ratio meters market growth over the forecast period.
Scope Of The Report
Report Attributes
Report Details
Report Title
Transformer Turns Ratio Meters Market Research Report
By Type
Single-Phase Transformer, Three-Phase Transformer
By Application
Power Transformers, Potential Transformers, Current Transformers
By Companies
AEMC Instruments, Ajinkya Electronic Systems, Meco Instruments, Megger, Vanguard Instruments
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
222
Number of Tables & Figures
156
Customization Available
Yes, the report can be customized as per your need.
Global Transformer Turns Ratio Meters Market Report Segments:
The global Transformer Turns Ratio Meters market is segmented on the basis of:
Types
Single-Phase Transformer, Three-Phase Transformer
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Power Transformers, Potential Transformers, Current Transformers
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- AEMC Instruments
- Ajinkya Electronic Systems
- Meco Instruments
- Megger
- Vanguard Instruments
Highlights of The Transformer Turns Ratio Meters Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Single-Phase Transformer
- Three-Phase Transformer
- By Application:
- Power Transformers
- Potential Transformers
- Current Transformers
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Transformer Turns Ratio Meters Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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- Consumer Insights
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- Product & Brand Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
The transformer turns ratio meters are a type of instrument used to measure the electrical power output of transformers. They consist of two metal plates that are connected by a hinge. The meter is set up so that one plate can be rotated while the other remains stationary. The rotation rate is measured and used to calculate the power output of the transformer.
Some of the major players in the transformer turns ratio meters market are AEMC Instruments, Ajinkya Electronic Systems, Meco Instruments, Megger, Vanguard Instruments.
The transformer turns ratio meters market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Transformer Turns Ratio Meters Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Transformer Turns Ratio Meters Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Transformer Turns Ratio Meters Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Transformer Turns Ratio Meters Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Transformer Turns Ratio Meters Market Size & Forecast, 2020-2028
4.5.1 Transformer Turns Ratio Meters Market Size and Y-o-Y Growth
4.5.2 Transformer Turns Ratio Meters Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Single-Phase Transformer
5.2.2 Three-Phase Transformer
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Power Transformers
6.2.2 Potential Transformers
6.2.3 Current Transformers
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Transformer Turns Ratio Meters Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Transformer Turns Ratio Meters Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Single-Phase Transformer
9.6.2 Three-Phase Transformer
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Power Transformers
9.10.2 Potential Transformers
9.10.3 Current Transformers
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Single-Phase Transformer
10.6.2 Three-Phase Transformer
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Power Transformers
10.10.2 Potential Transformers
10.10.3 Current Transformers
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Single-Phase Transformer
11.6.2 Three-Phase Transformer
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Power Transformers
11.10.2 Potential Transformers
11.10.3 Current Transformers
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Single-Phase Transformer
12.6.2 Three-Phase Transformer
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Power Transformers
12.10.2 Potential Transformers
12.10.3 Current Transformers
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Single-Phase Transformer
13.6.2 Three-Phase Transformer
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Power Transformers
13.10.2 Potential Transformers
13.10.3 Current Transformers
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Transformer Turns Ratio Meters Market: Competitive Dashboard
14.2 Global Transformer Turns Ratio Meters Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 AEMC Instruments
14.3.2 Ajinkya Electronic Systems
14.3.3 Meco Instruments
14.3.4 Megger
14.3.5 Vanguard Instruments
