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Global $10.3Bn Instrument Transformers Market Analyzed by Dielectric Medium, Voltage, Application, End-use Industry and Region (2014-2024) - ResearchAndMarkets.com

May 13, 2019

DUBLIN--(BUSINESS WIRE)--May 13, 2019--The “Global Instrument Transformers Market By Dielectric Medium (Liquid, SF6 Gas & Solid), By Voltage (0-250 kV, 251-500 kV and Above 500 kV), By Application, By End Use Industry, By Region, Competition, Forecast & Opportunities, 2024” report has been added to ResearchAndMarkets.com’s offering.

The global instrument transformers market stood at $7.6 billion in 2018 and is forecast to grow at a CAGR of over 5% during 2019-2024 to reach $10.3 billion by 2024, owing to the increasing demand for power, rising emphasis on alternative energy production, improving and evolving technologies, refurbishment of aging infrastructure, and investments in smart grids and energy systems.

Moreover, growing investments in transmission & distribution infrastructure and massive investments in smart grids and energy systems, globally, would further drive the global instrument transformers market during the forecast period.

In terms of dielectric medium, the global instrument transformers market has been categorized into liquid, SF6 gas & solid dielectric medium. Of these types, the liquid dielectric medium category is expected to account for a significant market portion in coming years, backed by its application in electrical circuit, as it is mostly used to measure more than 5 A magnitude of electrical circuit.

The Asia-Pacific instrument transformers market accounted for a significant portion of the global market for instrument transformers in 2018 and is expected to register strong growth during forecast period as well, on the back of increasing investments in grid expansion projects by developing nations such as China and India to boost their distribution grid reliability. Among the countries in the region, China was the largest market for instrument transformers in 2018. China has the highest installed power generation and distribution capacities, which is turn is resulting in the huge demand for instrument transformers.

The global instrument transformers market is characterized by a diverse group of regional and international manufacturers. The market for instrument transformers is moderately fragmented in nature. There is very minimal product differentiation which induces vendors to retain their market shares by pricing their products and services competitively. Additionally, established international vendors face intense competition form the regional vendors who provide customers with comparatively low-priced and customized products.

Some of the major companies operating in the global instrument transformers market are Siemens AG, General Electric Company, ABB Ltd, Arteche Lantegi Elkartea SA, KONAR - Elektroindustrija d.d., PFIFFNER Messwandler AG, etc.

Years Considered

  • Historical Years: 2014-2017
  • Base Year: 2018
  • Estimated Year: 2019
  • Forecast Period: 2020-2024

Objective of the Study

  • To analyze and forecast the global instrument transformers market size.
  • To forecast the global instrument transformers market based on dielectric medium, voltage, application, end-use industry and regional distribution.
  • To identify drivers and challenges for the global instrument transformers market.
  • To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in the global instrument transformers market.
  • To conduct the pricing analysis for the global instrument transformers market.
  • To identify and analyze the profile of leading players operating in global instrument transformers market.

Key Topics Covered

1. Product Overview

2. Research Methodology

3. Executive Summary

4. Voice of Customer

4.1. Factors considered while selecting a supplier

4.2. Product awareness and applicability & usage analysis

4.3. Challenges/issues faced post purchase

4.4. Unmet needs

5. Global Instrument Transformers Market Outlook

5.1. Market Size & Forecast

5.1.1. By Value

5.2. Market Share & Forecast

5.2.1. By Dielectric Medium (Liquid Dielectric Instrument Transformers; SF6 Gas Dielectric Instrument Transformers; Solid Dielectric Instrument Transformers)

5.2.2. By Voltage (0-250 kV, 250-500 kV, Above 500 kV)

5.2.3. By Application (Switchgear Assemblies; Relaying; Metering & Protection; Others)

5.2.4. By End Use Industry (Power Distribution; Power Transmission; Industries & OEMs; Others)

5.2.5. By Region (Asia-Pacific; Europe; North America; South America; Middle-East & Africa)

5.2.6. By Company (2018)

5.3. Market Attractiveness Index (By Type; By Dielectric Medium, By Voltage, By Enclosure Type, By Application; By End Use Industry; By Region)

6. Asia-Pacific Instrument Transformers Market Outlook

7. Europe Instrument Transformers Market Outlook

8. North America Instrument Transformers Market Outlook

9. Middle East & Africa Instrument Transformers Market Outlook

10. South America Instrument Transformers Market Outlook

11. Market Dynamics

12. Market Trends & Developments

13. Competitive Landscape

13.1. Competition Outlook

13.2. Company Profiles

13.2.1. Basic Details

13.2.2. Financials (As reported)

13.2.3. Supply Chain Analysis

13.2.4. Key Market Focus and Geographical Presence

13.2.5. Planned Investments

13.2.6. Pricing of Target Products

13.2.7. Market positioning

13.3. Global Players Profiled (Leading Companies)

13.3.1 General Electric Company

13.3.2 ABB Ltd

13.3.3 Siemens AG

13.3.4 Arteche Lantegi Elkartea SA

13.3.5 KONAR - Elektroindustrija d.d.

13.3.6 PFIFFNER Messwandler AG

13.3.7 Indian Transformers & Electricals Pvt. Ltd.

13.3.8 Instrument Transformer Technologies Pty Ltd.

13.3.9 Emek Elektrik Endustrisi AS

13.3.10 XD Group Corporation

(Note: The companies list can be customized based on the client requirements)

14. Strategic Recommendations

For more information about this report visit https://www.researchandmarkets.com/r/hyy105

View source version on businesswire.com:https://www.businesswire.com/news/home/20190513005387/en/

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Related Topics:Electricity



SOURCE: Research and Markets

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PUB: 05/13/2019 06:45 AM/DISC: 05/13/2019 06:45 AM