Global Instrument Transformer Market to grow at a CAGR of 7.81 during the period 2016 - 2020; Finds New Report

Report forecast the global instrument transformer market to grow at a CAGR of 7.81 during the period 2016-2020.

Instrument transformers find application in AC systems where they are used to measure electrical quantities such as current, power, voltage, power factor, frequency, and energy. These devices are often used with protective relays incorporated into the network in the interests of protecting the electrical system.

The report covers the present scenario and the growth prospects of the global instrument transformer market for 2016-2020. To calculate the market size, this industry research report provides a detailed explanation of the market on the basis of power transformers and switchgears.

The market is divided into the following segments based on geography:

• Americas
• APAC
• EMEA

According to the report, one of the main drivers promoting growth for this market is the modernization of existing transformers. The increase in installation activities with respect to new transformers and the replacement of old transformers with new ones are impacting the growth of the global transformer monitoring solutions market. In India, the central government is funding the states under the Accelerated Power Development and Reforms Programme (APDRP) scheme to help state electricity boards reduce losses.

Further, the report states that India is highly dependent on electrical equipment imports. The growing demand for power has led to the development of large transmission and distribution projects in India. Though India has a huge scope for T&D investments, the R&D spending is less than 1% of sales compared to 6% of sales by large companies in Europe and the US. In India, 90% of the T&D equipment manufacturers belong to the small and medium enterprises (SME) sector, and are generally unable to upgrade technology and improve products.

Global Instrument Transformer Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

key players in the global instrument transformer market: ABB, Crompton Greaves, GE, ITL, and Schneider Electric

Other Prominent Vendors in the market are: China XD Group, Huayi Electric Apparatus, Jiangsu Sieyuan Hertz Instrument Transformer, Nissin Electric, and TBEA

Market driver

• Augmented demand for electricity from emerging economies
• For a full, detailed list, view our report

Market challenge

• Distribution sector reeling under financial implications of upgrades
• For a full, detailed list, view our report

Market trend

• Auxiliary current transformers
• For a full, detailed list, view our report

Key questions answered in this report

• What will the market size be in 2020 and what will the growth rate be?
• What are the key market trends?
• What is driving this market?
• What are the challenges to market growth?
• Who are the key vendors in this market space?
• What are the market opportunities and threats faced by the key vendors?
• What are the strengths and weaknesses of the key vendors?

Spanning over 71 pages and 37 Exhibit “Global Instrument Transformer Market 2016 - 2020” report covers Executive summary, Scope of the report, Market research methodology, Introduction, Market landscape, Market drivers, Impact of drivers, Market challenges, Impact of drivers and challenges, Market trends, Market segmentation by application, Geographical segmentation, Vendor landscape, Key vendor analysis, Appendix.

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