LONDON--(BUSINESS WIRE)--Technavio has announced the release of their latest market research report on the global instrument transformer market. This new report will provide expert market insights for the forecast period 2018-2022.
This market study will follow up on Technavio’s previous report on the global instrument transformer market, offering an up-to-date analysis based on the impact of prominent drivers and recent trends. The report will also provide an in-depth understanding of the market segments along with a detailed analysis of the competitive vendor landscape.
The upgraded research report on the global instrument transformer market 2018-2022 is an integral part of Technavio’s engineering tools portfolio. Technavio covers an extensive range of market research reports on the engineering tools market, which has been witnessing an increasing demand from many end-user industries. Some of the topics include corrugated box making, gear manufacturing, compressor, and cryogenic equipment.
This report is available at a USD 1,000 discount for a limited time only: View market snapshot before purchasing
Global instrument transformer market: Overview of the market
Technavio’s previous report on the global instrument transformer market projected that the Americas will continue to lead the market through 2020. North American countries such as the US, Canada, and Mexico are the major contributors to the market. Besides, the increase in demand for electricity from the Latin American countries such as Brazil and Columbia will also fuel the growth of the market.
In the previous report, a senior research analyst at Technavio stated, “The increase in installation activities regarding new transformers and the replacement of old transformers with new ones is one of the primary growth factors for the transformer monitoring systems market. This need to expand the existing infrastructure comes because of the inability of the existing power stations to meet the growth in demand for electricity. Countries around the globe have also started focusing on smart grid networks, which offer sustainable and secure electricity supply by integrating the actions of all users.”
Technavio’s new report on the global instrument transformer market will evaluate the key geographical regions and their behavior over the past four years, introducing new data and observations and providing new predictions. This report is available to order now and will be delivered within one week of purchase.
Global instrument transformer market: Detailed analysis at your fingertips
Some of the topics that will be revisited in the new report include:
- Market size and growth rate through 2022
- Top factors driving the growth of the market
- Competitive vendor landscape and market share analysis of the key players
- Market opportunities and factors impeding growth
Looking for the latest information on the global instrument transformer market? Request a free sample report
Technavio’s sample reports are free of charge and contain multiple sections of the report such as the market size and forecast, drivers, challenges, trends, and more.
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
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