Market Overview:
The global instrument transformers market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for instrument transformers in various applications, such as transformer and circuit breaker bushing, switchgear assemblies, relaying, metering and protection. In addition, the growing demand for electric vehicles is also contributing to the growth of the global instrument transformers market. North America held the largest share of the global instrument transformers market in 2017 and is expected to maintain its dominance during the forecast period.
Product Definition:
An instrument transformer is a type of transformer that is used to stepping down or up the voltage levels of an electrical signal. They are commonly used in electronic equipment to provide a safe and reliable way to connect electronic devices that require different voltages.
Distribution Voltage:
The distribution voltage is the voltage that can be obtained across a switch when it is turned on. It is one of the key parameters to determine the power factor of an electric circuit. The higher the number,the more efficient and powerful will be your transformer.
The growth factor in instrument transformers market size spans over three years and has been estimated using a double exponential growth rate with a high value of K (1.8).
Sub-Transmission Voltage:
Sub-transmission voltage (STV) is the lowest possible electrical voltage that an instrument transformer can have. It is also known as the primary drop rating or primary drop of an instrument transformer. The lower the sub-transmission voltage, the higher will be its capacity and efficiency in electricity distribution applications.
Application Insights:
Application of transformers includes transformer and circuit breaker bushings, switchgear assemblies, relay assembly, metering and protection. Transformers are used in power distribution networks for voltage transformation. They are also used in sub-transmission lines for the supply of extra high voltage to drive the electric motors connected to the line transmission stations. Distribution voltages include primary as well as secondary voltages that range between 300V and 34 kV depending upon their usage.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing region over the forecast period. The growth can be attributed to increasing demand for power transformers in emerging economies, such as China and India. In addition, rising investments by governments in developing countries are anticipated to fuel market growth over the coming years. For instance, according to a white paper published by China Energy Group on behalf of IEEFA titled 'Transmission & Distribution Market Outlook 2018’, there were around 1 million distribution lines across China as of 2017 and they expect this number will reach 2 million within five years with an average length of around 40 km per line.
The European market accounted for more than 25% revenue share in 2016 owing its large population base coupled with high usage levels across several countries including Germany and U K .
Growth Factors:
- Increasing demand for electricity due to population growth and industrialization
- Rapid urbanization and electrification in developing countries
- Growing investments in renewable energy sources such as solar and wind power
- Replacement of aging infrastructure across developed and developing countries
- Proliferation of smart grids that enable two-way communication between utilities and consumers
Scope Of The Report
Report Attributes
Report Details
Report Title
Instrument Transformers Market Research Report
By Type
Distribution Voltage, Sub-Transmission Voltage, High Voltage Transmission, Extra High Voltage transmission, Ultra-High Voltage Transmission
By Application
Transformer and Circuit Breaker Bushing, Switchgear Assemblies, Relaying, Metering and Protection
By Companies
ABB, RITZ, Arteche, Meremac, GEC Durham, General Electric, Koncar, Schneider Electric, Siemens, CG Power and Industrial Solutions Limited, Pfiffner, Amran Instrument Transformers, Eaton, ITEC, Trench Group, Zelisko, Hill Tech, RS ISOLSEC, Sentran Corporation, Sadtem, DYH, TBEA, XD Group, Esitas Elektrik, MGM Transformer Company, Instrument Transformers Limited (ITL)
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
238
Number of Tables & Figures
167
Customization Available
Yes, the report can be customized as per your need.
Global Instrument Transformers Market Report Segments:
The global Instrument Transformers market is segmented on the basis of:
Types
Distribution Voltage, Sub-Transmission Voltage, High Voltage Transmission, Extra High Voltage transmission, Ultra-High Voltage Transmission
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
Transformer and Circuit Breaker Bushing, Switchgear Assemblies, Relaying, Metering and Protection
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:
- ABB
- RITZ
- Arteche
- Meremac
- GEC Durham
- General Electric
- Koncar
- Schneider Electric
- Siemens
- CG Power and Industrial Solutions Limited
- Pfiffner
- Amran Instrument Transformers
- Eaton
- ITEC
- Trench Group
- Zelisko
- Hill Tech
- RS ISOLSEC
- Sentran Corporation
- Sadtem
- DYH
- TBEA
- XD Group
- Esitas Elektrik
- MGM Transformer Company
- Instrument Transformers Limited (ITL)
Highlights of The Instrument 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:
- Distribution Voltage
- Sub-Transmission Voltage
- High Voltage Transmission
- Extra High Voltage transmission
- Ultra-High Voltage Transmission
- By Application:
- Transformer and Circuit Breaker Bushing
- Switchgear Assemblies
- Relaying
- Metering and Protection
- 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 Instrument 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?
Instrument Transformers are devices that allow an instrument to be connected to a power supply and then be used with an amplifier or speaker.
Some of the key players operating in the instrument transformers‚â market are ABB, RITZ, Arteche, Meremac, GEC Durham, General Electric, Koncar, Schneider Electric, Siemens, CG Power and Industrial Solutions Limited, Pfiffner, Amran Instrument Transformers, Eaton, ITEC, Trench Group, Zelisko, Hill Tech, RS ISOLSEC, Sentran Corporation, Sadtem, DYH, TBEA, XD Group, Esitas Elektrik, MGM Transformer Company, Instrument Transformers Limited (ITL).
The instrument transformers‚ market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Instrument Transformers Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Instrument Transformers Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Instrument Transformers Market - Supply Chain
4.5. Global Instrument Transformers Market Forecast
4.5.1. Instrument Transformers Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Instrument Transformers Market Size (000 Units) and Y-o-Y Growth
4.5.3. Instrument Transformers Market Absolute $ Opportunity
5. Global Instrument Transformers Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Instrument Transformers Market Size and Volume Forecast by Type
5.3.1. Distribution Voltage
5.3.2. Sub-Transmission Voltage
5.3.3. High Voltage Transmission
5.3.4. Extra High Voltage transmission
5.3.5. Ultra-High Voltage Transmission
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Instrument Transformers Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Instrument Transformers Market Size and Volume Forecast by Application
6.3.1. Transformer and Circuit Breaker Bushing
6.3.2. Switchgear Assemblies
6.3.3. Relaying
6.3.4. Metering and Protection
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Instrument Transformers Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Instrument Transformers Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Instrument Transformers Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Instrument Transformers Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Instrument Transformers Demand Share Forecast, 2019-2026
9. North America Instrument Transformers Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Instrument Transformers Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Instrument Transformers Market Size and Volume Forecast by Application
9.4.1. Transformer and Circuit Breaker Bushing
9.4.2. Switchgear Assemblies
9.4.3. Relaying
9.4.4. Metering and Protection
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Instrument Transformers Market Size and Volume Forecast by Type
9.7.1. Distribution Voltage
9.7.2. Sub-Transmission Voltage
9.7.3. High Voltage Transmission
9.7.4. Extra High Voltage transmission
9.7.5. Ultra-High Voltage Transmission
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Instrument Transformers Demand Share Forecast, 2019-2026
10. Latin America Instrument Transformers Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Instrument Transformers Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Instrument Transformers Market Size and Volume Forecast by Application
10.4.1. Transformer and Circuit Breaker Bushing
10.4.2. Switchgear Assemblies
10.4.3. Relaying
10.4.4. Metering and Protection
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Instrument Transformers Market Size and Volume Forecast by Type
10.7.1. Distribution Voltage
10.7.2. Sub-Transmission Voltage
10.7.3. High Voltage Transmission
10.7.4. Extra High Voltage transmission
10.7.5. Ultra-High Voltage Transmission
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Instrument Transformers Demand Share Forecast, 2019-2026
11. Europe Instrument Transformers Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Instrument Transformers Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Instrument Transformers Market Size and Volume Forecast by Application
11.4.1. Transformer and Circuit Breaker Bushing
11.4.2. Switchgear Assemblies
11.4.3. Relaying
11.4.4. Metering and Protection
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Instrument Transformers Market Size and Volume Forecast by Type
11.7.1. Distribution Voltage
11.7.2. Sub-Transmission Voltage
11.7.3. High Voltage Transmission
11.7.4. Extra High Voltage transmission
11.7.5. Ultra-High Voltage Transmission
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Instrument Transformers Demand Share, 2019-2026
12. Asia Pacific Instrument Transformers Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Instrument Transformers Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Instrument Transformers Market Size and Volume Forecast by Application
12.4.1. Transformer and Circuit Breaker Bushing
12.4.2. Switchgear Assemblies
12.4.3. Relaying
12.4.4. Metering and Protection
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Instrument Transformers Market Size and Volume Forecast by Type
12.7.1. Distribution Voltage
12.7.2. Sub-Transmission Voltage
12.7.3. High Voltage Transmission
12.7.4. Extra High Voltage transmission
12.7.5. Ultra-High Voltage Transmission
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Instrument Transformers Demand Share, 2019-2026
13. Middle East & Africa Instrument Transformers Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Instrument Transformers Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Instrument Transformers Market Size and Volume Forecast by Application
13.4.1. Transformer and Circuit Breaker Bushing
13.4.2. Switchgear Assemblies
13.4.3. Relaying
13.4.4. Metering and Protection
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Instrument Transformers Market Size and Volume Forecast by Type
13.7.1. Distribution Voltage
13.7.2. Sub-Transmission Voltage
13.7.3. High Voltage Transmission
13.7.4. Extra High Voltage transmission
13.7.5. Ultra-High Voltage Transmission
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Instrument Transformers Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Instrument Transformers Market: Market Share Analysis
14.2. Instrument Transformers Distributors and Customers
14.3. Instrument Transformers Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. ABB
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. RITZ
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Arteche
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Meremac
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. GEC Durham
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. General Electric
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Koncar
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Schneider Electric
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Siemens
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. CG Power and Industrial Solutions Limited
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Pfiffner
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Amran Instrument Transformers
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Eaton
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. ITEC
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Trench Group
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Zelisko
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. Hill Tech
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. RS ISOLSEC
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. Sentran Corporation
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. Sadtem
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
