DUBLIN--(BUSINESS WIRE)--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.
- 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