An instrument transformer is used to obtain measurements of voltage or current levels or both in different high-voltage/high-current systems such as in transmission or distribution lines or industries. An instrument transformer convert current or voltage from a high level to a very low level before passing it to measuring instruments, effectively isolating the measurement devices from the high voltage or current on the line.
As for the global instrument transformer industry, the industry structure is relatively stable. The most of market share in revenue is grasped by the top three manufacturers, Siemens, ABB and GE, which closes to 50 per cent totally. The Germany giant Siemens, which has 21.63% market share in 2017, is the leader in the instrument transformer industry. The manufacturers following Siemens are ABB and GE, which respectively has 12.80% and 14.93% market share globally. The DYH is the leader of China instrument transformer industry. It sells a total of 185.77 million dollar instrument transformer products in the year of 2017.
The global consumption of instrument transformer products rises up from 3.01 million units in 2013 to 4.03 million units in 2017, with an average annual growth rate of 7.59%. At the same time, the revenue of world instrument transformer sales market has a leap from 2941.86 million dollar to 3688.81 million dollar. The reason causes this increase is the growing demand for the instrument transformer products, which is the outcome of the downstream industries are in a good situation.
According to this study, over the next five years the Instrument Transformer market will register a 6.9% CAGR in terms of revenue, the global market size will reach US$ 5510 million by 2024, from US$ 3690 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Instrument Transformer business, shared in Chapter 3.
This report presents a comprehensive overview, market shares, and growth opportunities of Instrument Transformer market by product type, application, key manufacturers and key regions and countries.
This study considers the Instrument Transformer value and volume generated from the sales of the following segments:
Segmentation by product type: breakdown data from 2014 to 2019, in Section 2.3; and forecast to 2024 in section 11.7.
Current Transformer
Voltage Transformer
Others
Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 11.8.
Electrical Power and Distribution
Metallurgy & Petrochemical
Construction
Others
This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Spain
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report: Breakdown data in in Chapter 3.
Siemens
ABB
GE
Arteche
Pfiffner
Emek
Indian Transformers
Koncar
DYH
Dalian Beifang
China XD Group
Jiangsu Sieyuan
Shenyang Instrument Transformer
Hengyang Nanfang
Zhejiang Horizon
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
Research objectives
To study and analyze the global Instrument Transformer consumption (value & volume) by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
To understand the structure of Instrument Transformer market by identifying its various subsegments.
Focuses on the key global Instrument Transformer manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Instrument Transformer with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of Instrument Transformer submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.
Summary:
Get latest Market Research Reports on Instrument Transformer . Industry analysis & Market Report on Instrument Transformer is a syndicated market report, published as Global Instrument Transformer Market Growth 2019-2024. It is complete Research Study and Industry Analysis of Instrument Transformer market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.