Instrument Transformer Market Analysis:
Instrument Transformer Market is expected to be valued at USD 12.5 Billion, with a CAGR of 2.10% Forecast by 2030
The rising transmission distribution infrastructure investments are likely to be the most significant factor in expanding the global transformer market 2020. The market is estimated to be a very dynamic market is estimated to display exponential growth during the forecast period.
The constant developments made in the renewable energy sector is another factor that propels the market. The expansion of the market can be acknowledged to transformer systems operations, which is a very effective transmission and distribution equipment. The market is highly fragmented and witnessed a very competitive environment. The market players adopt several tactics to sustain market pressure. Mergers and acquisition, partnership are few of the most used tactic. On the other hand, the expansion of the market can be hindered by the high capital cost of the transformer, and the hesitation of implementation among the authority.
Drivers –
¡ Presence of numerous large and medium players in regional market
Opportunities
¡ New product launches and RD amongst major key players
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Report Attribute/Metric | Details |
CAGR | 2.1% CAGR (2022-2030) |
Base Year | 2021 |
Forecast Period | 2022-2030 |
Historical Data | 2019 2020 |
Forecast Units | Value (USD Million) |
Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
Segments Covered | Rating, Enclosure Type and End-user |
Geographies Covered | North America, Europe, Asia-Pacific, and Rest of the World (RoW) |
Market Segmentation
By Rating
¡ Distribution Voltage
¡ Sub-Transmission Voltage
¡ High Voltage Transmission
¡ Extra High Voltage Transmission
By Enclosure Type
¡ Indoor Transformers
¡ Outdoor Transformers
By End-user
¡ Power Utilities
¡ Industries
¡ OEMS
By Region
¡ North America
¡ Europe
¡ Asia-Pacific
¡ Rest of the World
KEY COMPANIES PROFILED
- ABB Group (Switzerland)
- Siemens Ltd. (Germany)
- General Electric Company (USA)
- Crompton Greaves Ltd. (India)
- Toshiba Corporation (Japan)
- Hyundai Heavy Industries Co., Ltd. (South Korea)
- Mitsubishi Electric Corporation (Japan)
- Hyosung Corporation (South Korea)
- Bharat Heavy Electricals Limited (India)
- Rakesh Transformer Industries Pvt. Ltd (India)
- JSHP Transformers (China)
- Synergy Transformers (India)
- Transformers Rectifiers Ltd (India)
- PME Power Solutions Limited (India)
- SPX Transformer Solutions, Inc. (U.S.A)
Global Instrument Transformer Market Share, By Region, 2018
¡ North America:
¡ Europe:
¡ Asia-Pacific:
¡ Rest of the World (RoW):
