Market Overview:
The global zero sequence current transformers market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for zero sequence current transformers in various applications such as aerospace, machinery, energy, and others. Additionally, the growing awareness about safety and security is also propelling the growth of this market.
Product Definition:
Zero sequence current transformers are used to measure the zero sequence current in an electrical system. The zero sequence current is important because it is responsible for the rotational torque of motors and generators.
Open Type:
Open type current transformer is a special purpose design which can be used to step up or step down the output voltage. These are mainly used in battery chargers, where there is need to boost/step up the input voltage of a battery and provide an appropriate output level.
Semicircular:
Semicircular is a type of transformer where the secondary winding forms a closed loop around the primary. The advantage of using semicircular configuration is that there are no losses in the core, because all flux lines are concentric with respect to the centerline.
The most common application of semicircular configuration is in power transformers, which have high-frequency and low-impedance windings for AC voltage generation and low-frequency.
Application Insights:
The energy segment accounted for the largest revenue share in 2017 and is projected to continue its dominance over the forecast period. The growth can be attributed to increasing demand for clean energy sources such as wind and solar among others. The growing need to reduce greenhouse emissions has led nations across Europe and North America towards adopting policies encouraging investments in renewable energy generation, thereby supporting product demand.
The aerospace application segment is expected register a CAGR of XX% from 2018 to 2030 owing to rising use of HVAC systems that require ZSCTs with high efficiency level. In addition, factors such as increasing air travel due to rise in disposable income levels coupled with government initiatives promoting low-cost carriers are anticipated drive the market growth over the coming years.
Regional Analysis:
North America dominated the global market in 2017. The presence of major aerospace and defense companies, high adoption rate of advanced technologies, and government initiatives to develop domestic production capabilities are some factors driving the regional market growth. For instance, in 2015-2016, North Carolina State University (NCSU) received a funding of USD X million from the National Science Foundation (NSF) for developing printed electronics technology that can be used for manufacturing printed zero sequence currents transformers at NCSU’s Center for Printed Electronics Technology (CPET).
Asia Pacific is expected to grow at a significant pace over the forecast period owing to increasing demand from end-use industries such as energy & power; telecommunication & IT; medical devices; consumer electronics; etc. Furthermore, rising disposable income coupled with growing penetration of digital services is anticipated to fuel industry growth over this region.
Growth Factors:
- Increasing demand for zero sequence current transformers from the utility sector to meet the growing needs of smart grid infrastructure
- Rising concerns over power quality and reliability, which is driving the demand for zero sequence current transformers in industrial and commercial sectors
- Growing investments in renewable energy sources such as solar and wind, which is expected to boost the growth of zero sequence current transformer market over the forecast period
- Technological advancements in zero sequence current transformer design and manufacturing process that are resulting in improved performance and efficiency
- Rising awareness about benefits of using zero sequence current transformers among end-users for better power management
Scope Of The Report
Report Attributes
Report Details
Report Title
Zero Sequence Current Transformers Market Research Report
By Type
Open Type, Semicircular, Others
By Application
Aerospace, Machinery, Energy, Others
By Companies
Siemens, ABB, GE Grid Solutions, Littelfuse, SEL, HIRAI Denkeiki, Shenzhen Simide Electronic Technology, Dechang Electronics, Kappa Electricals, Hammond Power Solutions, Siemens
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
182
Number of Tables & Figures
128
Customization Available
Yes, the report can be customized as per your need.
Global Zero Sequence Current Transformers Market Report Segments:
The global Zero Sequence Current Transformers market is segmented on the basis of:
Types
Open Type, Semicircular, Others
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
Aerospace, Machinery, Energy, Others
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:
- Siemens
- ABB
- GE Grid Solutions
- Littelfuse
- SEL
- HIRAI Denkeiki
- Shenzhen Simide Electronic Technology
- Dechang Electronics
- Kappa Electricals
- Hammond Power Solutions
- Siemens
Highlights of The Zero Sequence Current Transformers 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:
- Open Type
- Semicircular
- Others
- By Application:
- Aerospace
- Machinery
- Energy
- Others
- 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 Zero Sequence Current Transformers 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
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
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?
Zero sequence current Transformers are a type of transformer that use zero-sequence winding. This means the windings are arranged in a circular or spiral pattern, rather than in a linear fashion. This allows for greater efficiency and less heat generation, which is beneficial in applications where high performance is required but temperature extremes are avoided.
Some of the key players operating in the zero sequence current transformers market are Siemens, ABB, GE Grid Solutions, Littelfuse, SEL, HIRAI Denkeiki, Shenzhen Simide Electronic Technology, Dechang Electronics, Kappa Electricals, Hammond Power Solutions, Siemens.
The zero sequence current transformers market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Zero Sequence Current Transformers 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 Zero Sequence Current Transformers Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Zero Sequence Current Transformers 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 Zero Sequence Current Transformers 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 Zero Sequence Current Transformers Market Size & Forecast, 2020-2028
4.5.1 Zero Sequence Current Transformers Market Size and Y-o-Y Growth
4.5.2 Zero Sequence Current Transformers 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 Open Type
5.2.2 Semicircular
5.2.3 Others
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 Aerospace
6.2.2 Machinery
6.2.3 Energy
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Zero Sequence Current Transformers 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 Zero Sequence Current Transformers 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 Open Type
9.6.2 Semicircular
9.6.3 Others
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 Aerospace
9.10.2 Machinery
9.10.3 Energy
9.10.4 Others
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 Open Type
10.6.2 Semicircular
10.6.3 Others
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 Aerospace
10.10.2 Machinery
10.10.3 Energy
10.10.4 Others
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 Open Type
11.6.2 Semicircular
11.6.3 Others
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 Aerospace
11.10.2 Machinery
11.10.3 Energy
11.10.4 Others
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 Open Type
12.6.2 Semicircular
12.6.3 Others
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 Aerospace
12.10.2 Machinery
12.10.3 Energy
12.10.4 Others
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 Open Type
13.6.2 Semicircular
13.6.3 Others
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 Aerospace
13.10.2 Machinery
13.10.3 Energy
13.10.4 Others
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 Zero Sequence Current Transformers Market: Competitive Dashboard
14.2 Global Zero Sequence Current Transformers Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Siemens
14.3.2 ABB
14.3.3 GE Grid Solutions
14.3.4 Littelfuse
14.3.5 SEL
14.3.6 HIRAI Denkeiki
14.3.7 Shenzhen Simide Electronic Technology
14.3.8 Dechang Electronics
14.3.9 Kappa Electricals
14.3.10 Hammond Power Solutions
14.3.11 Siemens
