Market Overview:
The global medium voltage instrument transformers market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for energy and rising investments in smart grid infrastructure across the globe. In addition, growing awareness about energy conservation is also propelling the demand for medium voltage instrument transformers globally. Based on type, the global medium voltage instrument transformer market can be segmented into MV current instrument transformers, MV voltage instrument transformers and MV power control instrument Transformers. Among these, MV current transformer held a dominant share in 2017 and is expected to maintain its lead during the forecast period as well. This can be attributed to their wide usage in protection applications across various industries such as oil & gas, power generation and transmission & distribution (T&D). Based on application, the global medium voltage instrumetn transformer market can be divided into protection application and metering application.
Product Definition:
Medium Voltage Instrument Transformers are used to step-down the voltage of a high voltage circuit to a lower voltage that is more suitable for measuring or controlling purposes. The importance of Medium Voltage Instrument Transformers is that they provide an accurate, reliable means of stepping down voltages in order to measure or control electrical equipment and systems.
MV Current Instrument Transformers:
MV current instrument transformers are used to measure the current in high voltage power transformer. MV current instrument transformers have a capacity between 0.1 A and 100 kA, above 1 MVA rating, and can be installed as primary or secondary winding of HVAC power transformer.
MV Voltage Instrument Transformers:
Medium voltage instrument transformers are used to step up or step down the high voltage power supply from a main transformer to low/high range voltages required by an instrument. The MV voltage is generated by electronic devices in the form of direct current (DC). These DC are then utilized for various applications such as neon signs, traffic signals, and ballasts for lightings.
The increasing use of renewable energy sources such as solar PV.
Application Insights:
The metering application segment dominated the global medium voltage instrument transformers market in 2017. This can be attributed to growing demand for power distribution and measurement systems from various industrial sectors such as oil & gas, construction, manufacturing, etc. The protection application segment is expected to witness significant growth over the forecast period owing to rising demand for protective relays and fuses that are used in switchgear applications across several industries such as oil & gas, chemical, etc.
Regional Analysis:
Asia Pacific is expected to be the largest as well as the fastest-growing regional market over the forecast period. The growth can be attributed to increasing demand for power transformers in emerging countries, such as China and India. In addition, rising investments by governments in developing infrastructure projects are anticipated to fuel industry expansion over the next eight years.
The Middle East & Africa is also likely to witness significant growth during the same period owing to growing electricity demand across several countries including Saudi Arabia and UAE. Furthermore, increasing government initiatives towards energy conservation are projected favorably impact industry expansion over the coming years.
North America accounted for a major revenue share of more than 20% in 2017 owing to early adoption of medium voltage instrument transformers across various applications coupled with presence of key manufacturers operating within U.S., which has resulted in high product penetration rates observed across this region since last few years (2016-2017).
Growth Factors:
- Increasing demand for electricity due to population growth and industrialization in developing countries
- Growing investments in renewable energy sources such as solar and wind power
- Replacement of aging infrastructure
- Development of smart grids and the internet of things (IoT)
- Proliferation of data centers
Scope Of The Report
Report Attributes
Report Details
Report Title
Medium Voltage Instrument Transformers Market Research Report
By Type
MV Current Instrument Transformers, MV Voltage Instrument Transformers, MV Power Control Instrument Transformers
By Application
Protection Application, Metering Application
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
243
Number of Tables & Figures
171
Customization Available
Yes, the report can be customized as per your need.
Global Medium Voltage Instrument Transformers Market Report Segments:
The global Medium Voltage Instrument Transformers market is segmented on the basis of:
Types
MV Current Instrument Transformers, MV Voltage Instrument Transformers, MV Power Control Instrument Transformers
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
Protection Application, Metering Application
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 Medium Voltage 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:
- MV Current Instrument Transformers
- MV Voltage Instrument Transformers
- MV Power Control Instrument Transformers
- By Application:
- Protection Application
- Metering Application
- 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 Medium Voltage 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?
Medium voltage instrument transformers are used to step up or step down the voltage of an electrical power source.
Some of the major players in the medium voltage instrument transformers 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 medium voltage instrument transformers market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Medium Voltage 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. Medium Voltage 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. Medium Voltage Instrument Transformers Market - Supply Chain
4.5. Global Medium Voltage Instrument Transformers Market Forecast
4.5.1. Medium Voltage Instrument Transformers Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Medium Voltage Instrument Transformers Market Size (000 Units) and Y-o-Y Growth
4.5.3. Medium Voltage Instrument Transformers Market Absolute $ Opportunity
5. Global Medium Voltage 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. Medium Voltage Instrument Transformers Market Size and Volume Forecast by Type
5.3.1. MV Current Instrument Transformers
5.3.2. MV Voltage Instrument Transformers
5.3.3. MV Power Control Instrument Transformers
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Medium Voltage 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. Medium Voltage Instrument Transformers Market Size and Volume Forecast by Application
6.3.1. Protection Application
6.3.2. Metering Application
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Medium Voltage 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. Medium Voltage 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 Medium Voltage 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. Medium Voltage 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 Medium Voltage Instrument Transformers Demand Share Forecast, 2019-2026
9. North America Medium Voltage 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 Medium Voltage 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 Medium Voltage Instrument Transformers Market Size and Volume Forecast by Application
9.4.1. Protection Application
9.4.2. Metering Application
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Medium Voltage Instrument Transformers Market Size and Volume Forecast by Type
9.7.1. MV Current Instrument Transformers
9.7.2. MV Voltage Instrument Transformers
9.7.3. MV Power Control Instrument Transformers
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 Medium Voltage Instrument Transformers Demand Share Forecast, 2019-2026
10. Latin America Medium Voltage 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 Medium Voltage 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 Medium Voltage Instrument Transformers Market Size and Volume Forecast by Application
10.4.1. Protection Application
10.4.2. Metering Application
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Medium Voltage Instrument Transformers Market Size and Volume Forecast by Type
10.7.1. MV Current Instrument Transformers
10.7.2. MV Voltage Instrument Transformers
10.7.3. MV Power Control Instrument Transformers
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 Medium Voltage Instrument Transformers Demand Share Forecast, 2019-2026
11. Europe Medium Voltage 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 Medium Voltage 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 Medium Voltage Instrument Transformers Market Size and Volume Forecast by Application
11.4.1. Protection Application
11.4.2. Metering Application
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Medium Voltage Instrument Transformers Market Size and Volume Forecast by Type
11.7.1. MV Current Instrument Transformers
11.7.2. MV Voltage Instrument Transformers
11.7.3. MV Power Control Instrument Transformers
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 Medium Voltage Instrument Transformers Demand Share, 2019-2026
12. Asia Pacific Medium Voltage 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 Medium Voltage 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 Medium Voltage Instrument Transformers Market Size and Volume Forecast by Application
12.4.1. Protection Application
12.4.2. Metering Application
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Medium Voltage Instrument Transformers Market Size and Volume Forecast by Type
12.7.1. MV Current Instrument Transformers
12.7.2. MV Voltage Instrument Transformers
12.7.3. MV Power Control Instrument Transformers
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 Medium Voltage Instrument Transformers Demand Share, 2019-2026
13. Middle East & Africa Medium Voltage 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 Medium Voltage 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 Medium Voltage Instrument Transformers Market Size and Volume Forecast by Application
13.4.1. Protection Application
13.4.2. Metering Application
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Medium Voltage Instrument Transformers Market Size and Volume Forecast by Type
13.7.1. MV Current Instrument Transformers
13.7.2. MV Voltage Instrument Transformers
13.7.3. MV Power Control Instrument Transformers
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 Medium Voltage Instrument Transformers Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Medium Voltage Instrument Transformers Market: Market Share Analysis
14.2. Medium Voltage Instrument Transformers Distributors and Customers
14.3. Medium Voltage 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
