Instrument Transformers Market by Type (Current, potential, and combined), Installation (liquid, SF6 gas, solid), Enclosure (indoor and outdoor), Voltage, End-User, and Region (North America, Europe, APAC, Latin America, MEA) - Global Forecast to 2030

February 2024 | 305 pages | ID: I0D4F2AB027EN
MarketsandMarkets

Abstracts

The global market for instrument transformers is on a trajectory to reach USD 10.6 billion by 2030, a notable increase from the estimated USD 7.1 billion in 2023, with a steady CAGR of 5.8% spanning the period from 2023 to 2030. Instrument transformers are devices used in electrical power systems to measure voltage and current. They play a crucial role in ensuring the safe and accurate monitoring, protection, and control of power systems. There are three main types of instrument transformers: current transformers (CTs) and voltage transformers (VTs), also known as potential transformers (PTs), and combined instrument transformers. CTs are used to step down high currents in power systems to levels suitable for measurement and protection devices. They provide a proportional current output that is a fraction of the primary current, allowing safe and accurate measurement and protection of the power system. VTs step down high voltages in power systems to levels suitable for measurement and protection devices. Similar to CTs, VTs provide a scaled-down voltage output that accurately represents the primary voltage. This voltage is used for various purposes, including metering, protective relaying, and control systems. Instrument transformers are crucial for providing accurate voltage and current measurements for billing and monitoring purposes. They play a vital role in power system protection by providing signals for protective relays, which can detect and isolate faults or abnormal conditions in the system. The scaled-down signals from instrument transformers are often used in control systems to maintain the desired operating conditions in the power system. Instrument transformers are used in various applications, including power generation, transmission, distribution, and industrial systems.

“Liquid dielectric, by dielectric medium, to be largest growing market from 2023 to 2030.”

Liquid dielectric transformers are required to control the unpredictable and intermittent nature of renewable power generation as it becomes a larger part of the global energy mix. Increased investments in the global power industry, particularly in emerging nations, help to expand transmission and distribution networks, which boosts the need for liquid dielectric transformers. The growing awareness of energy efficiency is driving the development of liquid dielectric transformers with better insulating materials and design, which reduces energy losses during power transmission. These are the drivers responsible for the growth of liquid dielectric segment.

“Power utilities segment, by End-User, to be the largest market from 2023 to 2030.”

Transformers are required for efficient power distribution as the emphasis shifts toward renewable energy sources such as solar and wind. These transformers are critical components in integrating renewable energy into existing power systems. Many countries are investing in modernizing their old electricity infrastructure to increase reliability and efficiency. Transformers play an important role in modernizing energy transmission by increasing efficiency. Transformer demand is being driven by increased investment in power transmission projects, particularly in emerging countries. Transformers are vital for effectively transporting power across great distances.

“Europe to be second-largest region in instrument transformers market.”

In 2022, Europe secured the second-largest position in the instrument transformers market, holding a share of 26.4% with a market valuation of USD 1,832.1 million. The European instrument transformers market is further divided by country, including the UK, Germany, France, Italy, Spain, Sweden, Norway, Russia, and the Rest of Europe.

Smart grid deployment in Europe is a strategic endeavor aiming at transforming existing power distribution networks via the integration of innovative technology for increased efficiency and responsiveness. Smart grids use digital connectivity and real-time monitoring to improve the intelligence of the electrical grid. Smart grids allow for thorough data collecting and analysis. Instrument transformers in a smart grid are outfitted with sensors and communication capabilities that offer real-time data on voltage, current, and other vital characteristics. This data is then used to precisely monitor the electrical network. Europe's emphasis on integrating regional power networks through various initiatives opens up potential for instrument transformer deployment to ensure flawless power transfer. Interconnection initiatives seek to link the electrical networks of various areas across Europe. This connection enables the pooling of power resources, which balances supply and demand and improves overall grid stability. By integrating power infrastructure, Europe may improve its electrical supply dependability. In the case of a power outage or interruption in one location, linked networks can assist by transferring power from places with excess electricity.

Breakdown of Primaries:

In-depth interviews with key industry participants, subject-matter experts, C-level executives of key market players, and industry consultants, among other experts, were conducted to obtain and verify critical qualitative and quantitative information, as well as to assess future market prospects. The primary interviews were distributed as follows:

By Company Type: Tier 1-41%, Tier 2-37%, and Tier 3-22%

By Designation: C-Level-44%, D-Level-31%, and Others-25%

By Region: North America–32%, Europe–21%, Asia Pacific–26%, South America–5% and

Middle East–11% and Africa–5%.

Note: “Others” includes sales managers, marketing managers, product managers, and engineers

The tiers of the companies are defined based on their total revenue as of 2021: Tier 1: >USD 1 billion, Tier 2: USD 500 million–1 billion, and Tier 3:
The instrument transformers market consists of several eminent players. Notable players in the instrument transformers market include ABB (Switzerland), General Electric (US), Mitsubishi Electric (Japan), Siemens Energy (Germany), Schneider Electric (France), Arteche (Spain), Bharat Heavy Electricals Limited (BHEL) (India), CG Power (India), Nissin Electric Co., Ltd. (Japan), EMEK (Turkey), Indian Transformers and Electricals Pvt. Ltd (India), Mehru (India), Konиar-Instrument Transformers Inc. (Croatia), Pfiffner Group (Switzerland), RITZ Instrument Transformers GmbH (Germany), and several others.

Research Coverage:

The report provides a comprehensive definition, description, and forecast of the instrument transformers market based on various parameters, including by type (Current, potential, and combined), by installation (liquid, SF6 gas, solid), by enclosure (indoor and outdoor), by voltage, by End-User, and region (Asia Pacific, North America, Europe, Middle East and Africa, South America). The report also offers a thorough qualitative and quantitative analysis of the instrument transformers market, encompassing a comprehensive examination of the key market drivers, limitations, opportunities, and challenges. Additionally, it covers critical facets of the market, such as an assessment of the competitive landscape, an analysis of market dynamics, value-based market estimates, and future trends in the instrument transformers market.

Key Benefits of Buying the Report

The report is thoughtfully designed to benefit both established industry leaders and newcomers in the instrument transformers market. It provides reliable revenue forecasts for the entire market as well as its individual sub-segments. This data is a valuable resource for stakeholders, enabling them to gain a comprehensive understanding of the competitive landscape and formulate effective market strategies for their businesses. Furthermore, the report serves as a channel for stakeholders to grasp the current state of the market, providing essential insights into market drivers, limitations, challenges, and growth opportunities. By incorporating these insights, stakeholders can make well-informed decisions and stay informed about the constantly evolving dynamics of the instrument transformers industry.

• Analysis of key drivers: (Rising electricity demand, Grid Modernization, The increasing emphasis on renewable energy integration), restraints (High initial cost of instrument transformers, fluctuating prices of raw materials like copper and steel), opportunities (Digitalization and smart sensors, emerging markets for instrument transformers), and challenges (Cybersecurity threats, environmental concerns) fostering the growth of the instrument transformers market.
• Market Diversification: Market diversification in the context of the instrument transformer market refers to the strategy of expanding the market reach and reducing risk by entering new geographical regions, industries, or product segments. Diversification can provide several benefits, including increased revenue streams, improved resilience to market fluctuations, and a broader customer base. Instrument transformer manufacturers may explore opportunities in different countries or regions to tap into emerging markets or regions with growing energy infrastructure needs. Understanding and adhering to the regulatory requirements of different countries is crucial when diversifying geographically. Instrument transformers are used in various energy-related sectors, including power generation (renewable and conventional), transmission, and distribution. Diversifying across these sectors can help companies mitigate risks associated with fluctuations in a specific segment. Exploring applications in industrial sectors such as manufacturing, mining, and oil and gas can provide additional revenue streams. Introducing new and innovative instrument transformer products can open up opportunities in niche markets or applications.The integration of digital technologies in instrument transformers is a growing trend that can offer new possibilities for market expansion. Traditional customers include utilities and power companies. Exploring opportunities with different types of customers, such as industrial facilities, data centers, and renewable energy projects, can contribute to diversification. Partnering with engineering, procurement, and construction (EPC) contractors can be a strategic approach to reach new projects and customers. Diversification helps companies navigate economic cycles and industry-specific fluctuations.
• Product Development/ Innovation: The instrument transformer industry is constantly evolving, with a strong focus on product development and innovation. Leading industry leaders like as ABB, Siemens, Schneider Electric, and General Electric are at the forefront of developing new product solutions to meet changing needs and environmental concerns. There is a noticeable trend toward increasing the intelligence of instrument transformers.
• Market Development: The instrument transformers market is driven by several drivers. Global power consumption is expected to rise dramatically by 2030, with an increase of 5,900 terawatt-hours (TWh) in the Stated Policies Scenario (STEPS) and more than 7,000 TWh in the Announced Pledges Scenario (APS). This spike is similar to combining the current demand levels of the United States with the European Union. In developed nations, the rising popularity of electric vehicles is the key source of increased energy consumption, contributing to a significant increase from around 8% market share in 2021 to 32% in the STEPS and over 50% in the APS by 2030. Smart grids facilitate the bidirectional movement of information and electricity, optimizing energy use and simplifying the incorporation of renewable energy sources. Modernization entails upgrading communication protocols and cyber defenses to protect critical infrastructure from cyberattacks. In late 2022, the European Commission announced the EU action plan dubbed "Digitalization of the Energy System." The Commission anticipates considerable expansion, with investments in the European electrical infrastructure totaling around EUR 584 billion (USD 633 billion) by 2030.
• Competitive Assessment: A comprehensive evaluation has been conducted to scrutinize the market presence, growth strategies, and service offerings of key players in the instrument transformers market. These eminent players include ABB (Switzerland), General Electric (US), Mitsubishi Electric (Japan), Siemens Energy (Germany), Schneider Electric (France) and others. This analysis provides in-depth insights into the competitive positions of these major players, their approaches to propelling the market growth, and the range of services they provide within the instrument transformers market.

Contents

1 INTRODUCTION

1.1 STUDY OBJECTIVES
1.2 MARKET DEFINITION
1.3 INCLUSIONS AND EXCLUSIONS
  1.3.1 INSTRUMENT TRANSFORMER MARKET, BY TYPE
  1.3.2 INSTRUMENT TRANSFORMER MARKET, BY A DIELECTRIC MEDIUM
  1.3.3 INSTRUMENT TRANSFORMER MARKET, BY VOLTAGE
  1.3.4 INSTRUMENT TRANSFORMER MARKET, BY ENCLOSURE TYPE
  1.3.5 INSTRUMENT TRANSFORMER MARKET, BY APPLICATION
  1.3.6 INSTRUMENT TRANSFORMER MARKET, BY END USER
  1.3.7 INSTRUMENT TRANSFORMER MARKET, BY REGION
1.4 STUDY SCOPE
  1.4.1 MARKETS COVERED
FIGURE 1 INSTRUMENT TRANSFORMER MARKET SEGMENTATION
  1.4.2 REGIONAL SCOPE
FIGURE 2 COUNTRIES COVERED
  1.4.3 YEARS CONSIDERED
1.5 CURRENCY CONSIDERED
1.6 UNITS CONSIDERED
1.7 LIMITATIONS
1.8 STAKEHOLDERS
1.9 SUMMARY OF CHANGES

2 RESEARCH METHODOLOGY

2.1 RESEARCH DATA
FIGURE 3 INSTRUMENT TRANSFORMER MARKET: RESEARCH DESIGN
2.2 DATA TRIANGULATION
FIGURE 4 DATA TRIANGULATION
  2.2.1 SECONDARY DATA
TABLE 1 LIST OF MAJOR SECONDARY SOURCES
    2.2.1.1 Key data from secondary sources
  2.2.2 PRIMARY DATA
TABLE 2 LIST OF PRIMARY INTERVIEW PARTICIPANTS
    2.2.2.1 Key data from primary sources
    2.2.2.2 Breakdown of primaries
FIGURE 5 BREAKDOWN OF PRIMARIES: BY COMPANY TYPE, DESIGNATION, AND REGION
2.3 MARKET SIZE ESTIMATION
  2.3.1 BOTTOM-UP APPROACH
FIGURE 6 INSTRUMENT TRANSFORMER MARKET: BOTTOM-UP APPROACH
  2.3.2 TOP-DOWN APPROACH
FIGURE 7 INSTRUMENT TRANSFORMER MARKET: TOP-DOWN APPROACH
  2.3.3 DEMAND-SIDE ANALYSIS
  2.3.4 DEMAND-SIDE METRICS
FIGURE 8 METRICS CONSIDERED TO ANALYZE AND ASSESS DEMAND FOR INSTRUMENT TRANSFORMERS
  2.3.5 DEMAND-SIDE ASSUMPTIONS
  2.3.6 DEMAND-SIDE CALCULATIONS
  2.3.7 SUPPLY-SIDE ANALYSIS
FIGURE 9 METRICS CONSIDERED TO ASSESS SUPPLY OF INSTRUMENT TRANSFORMERS
FIGURE 10 INSTRUMENT TRANSFORMER MARKET: SUPPLY-SIDE ANALYSIS
  2.3.8 SUPPLY-SIDE ASSUMPTIONS
  2.3.9 SUPPLY-SIDE CALCULATIONS
  2.3.10 PARAMETERS CONSIDERED TO ANALYZE GROWTH TRENDS
2.4 RISK ASSESSMENT
2.5 IMPACT OF RECESSION

3 EXECUTIVE SUMMARY

TABLE 3 INSTRUMENT TRANSFORMER MARKET SNAPSHOT, 2023 VS. 2030
FIGURE 11 ASIA PACIFIC DOMINATED INSTRUMENT TRANSFORMER MARKET IN 2022
FIGURE 12 CURRENT TRANSFORMERS TO DOMINATE MARKET THROUGHOUT FORECAST PERIOD
FIGURE 13 OUTDOOR ENCLOSURES TO ACCOUNT FOR LARGER MARKET SHARE IN 2023
FIGURE 14 DISTRIBUTION SEGMENT TO HOLD LARGEST SHARE OF INSTRUMENT TRANSFORMER MARKET IN 2023
FIGURE 15 TRANSFORMER & CIRCUIT BREAKER BUSHING APPLICATION TO LEAD INSTRUMENT TRANSFORMER MARKET IN 2023
FIGURE 16 POWER UTILITIES TO LEAD INSTRUMENT TRANSFORMER MARKET THROUGHOUT FORECAST PERIOD
FIGURE 17 LIQUID DIELECTRIC INSTRUMENT TRANSFORMERS TO CAPTURE LARGEST MARKET SHARE IN 2023

4 PREMIUM INSIGHTS

4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN INSTRUMENT TRANSFORMER MARKET
FIGURE 18 SURGING DEMAND FOR ELECTRICITY TO BOOST ADOPTION OF INSTRUMENT TRANSFORMERS IN COMING YEARS
4.2 INSTRUMENT TRANSFORMER MARKET, BY REGION
FIGURE 19 INSTRUMENT TRANSFORMER MARKET IN ASIA PACIFIC TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD
4.3 INSTRUMENT TRANSFORMER MARKET IN ASIA PACIFIC, BY ENCLOSURE TYPE AND COUNTRY, 2022
FIGURE 20 OUTDOOR SEGMENT AND CHINA ACCOUNTED FOR LARGEST SHARES OF INSTRUMENT TRANSFORMER MARKET IN ASIA PACIFIC IN 2022
4.4 INSTRUMENT TRANSFORMER MARKET, BY TYPE
FIGURE 21 CURRENT TRANSFORMERS TO HOLD LARGEST SHARE OF INSTRUMENT TRANSFORMER MARKET IN 2030
4.5 INSTRUMENT TRANSFORMER MARKET, BY ENCLOSURE TYPE
FIGURE 22 OUTDOOR ENCLOSURES TO ACCOUNT FOR LARGER SHARE OF INSTRUMENT TRANSFORMER MARKET IN 2030
4.6 INSTRUMENT TRANSFORMER MARKET, BY VOLTAGE
FIGURE 23 DISTRIBUTION SEGMENT TO CAPTURE LARGEST SHARE OF INSTRUMENT TRANSFORMER MARKET IN 2030
4.7 INSTRUMENT TRANSFORMER MARKET, BY APPLICATION
FIGURE 24 TRANSFORMER & CIRCUIT BREAKER BUSHING SEGMENT TO DOMINATE INSTRUMENT TRANSFORMER MARKET IN 2030
4.8 INSTRUMENT TRANSFORMER MARKET, BY END USER
FIGURE 25 POWER UTILITIES SEGMENT LED INSTRUMENT TRANSFORMER MARKET IN 2030
4.9 INSTRUMENT TRANSFORMER MARKET, BY DIELECTRIC MEDIUM
FIGURE 26 LIQUID SEGMENT TO LEAD INSTRUMENT TRANSFORMER MARKET IN 2030

5 MARKET OVERVIEW

5.1 INTRODUCTION
TABLE 4 COMPARISON OF CURRENT AND POTENTIAL TRANSFORMERS
5.2 MARKET DYNAMICS
FIGURE 27 INSTRUMENT TRANSFORMERS: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND THREATS
  5.2.1 DRIVERS
    5.2.1.1 Rising demand for electricity
TABLE 5 GLOBAL ELECTRICITY DEMAND AND SUPPLY, BY SCENARIO (TWH)
    5.2.1.2 Strategic focus on grid modernization
FIGURE 28 GLOBAL INVESTMENTS IN POWER GRIDS, 2015–2022
    5.2.1.3 High emphasis on integrating renewable energy sources into power grids
FIGURE 29 GLOBAL RENEWABLE ELECTRICITY CAPACITY EXPANSION, 2005–2028
  5.2.2 RESTRAINTS
    5.2.2.1 Substantial upfront cost associated with instrument transformers
    5.2.2.2 Fluctuating raw material prices
FIGURE 30 AVERAGE ANNUAL PRICE OF COPPER, 2017–2023 (USD/KG)
  5.2.3 OPPORTUNITIES
    5.2.3.1 Growing use of digital technologies and smart sensors in instrument transformers
FIGURE 31 CUMULATIVE ENERGY SAVINGS IN BUILDINGS IN SELECTED COUNTRIES, 2017–2040
    5.2.3.2 Rapid economic development and population growth in emerging markets
FIGURE 32 ENERGY INVESTMENTS IN EMERGING MARKETS, BY SOURCE TYPE, 2019 AND 2022
  5.2.4 CHALLENGES
    5.2.4.1 Lack of standardized cybersecurity protocols
    5.2.4.2 Environmental concerns associated with manufacturing, use, and disposal of instrument transformers
5.3 TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES
  5.3.1 TRENDS INFLUENCING CUSTOMER BUSINESS
FIGURE 33 TRENDS INFLUENCING CUSTOMER BUSINESS
5.4 VALUE CHAIN ANALYSIS
FIGURE 34 VALUE CHAIN ANALYSIS: INSTRUMENT TRANSFORMER MARKET
  5.4.1 RAW MATERIAL SUPPLIERS
  5.4.2 COMPONENT MANUFACTURERS
  5.4.3 INSTRUMENT TRANSFORMER MANUFACTURERS
  5.4.4 DISTRIBUTORS
  5.4.5 END USERS
  5.4.6 POST-SALES SERVICE PROVIDERS
5.5 ECOSYSTEM ANALYSIS
FIGURE 35 INSTRUMENT TRANSFORMER BUSINESS ECOSYSTEM
TABLE 6 ROLE OF KEY COMPANIES IN ECOSYSTEM
5.6 TECHNOLOGY TRENDS
  5.6.1 ADOPTION OF DIGITAL AND SMART GRID TECHNOLOGIES
  5.6.2 USE OF ADVANCED MATERIALS AND 3D PRINTING TECHNOLOGY
5.7 PATENT ANALYSIS
FIGURE 36 INSTRUMENT TRANSFORMER MARKET: INNOVATIONS AND PATENT REGISTRATIONS, 2013–2023
TABLE 7 INSTRUMENT TRANSFORMER MARKET: INNOVATIONS AND PATENT REGISTRATIONS, MARCH 2021–DECEMBER 2023
5.8 TRADE ANALYSIS
  5.8.1 IMPORT SCENARIO
TABLE 8 IMPORT SCENARIO FOR HS CODE 8504-COMPLIANT PRODUCTS, BY COUNTRY, 2020–2022 (USD THOUSAND )
FIGURE 37 IMPORT VALUE OF HS CODE 8504-COMPLIANT PRODUCTS IN TOP 5 COUNTRIES, 2018–2022 (USD THOUSAND)
  5.8.2 EXPORT SCENARIO
TABLE 9 EXPORT SCENARIO FOR HS CODE 8504-COMPLIANT PRODUCTS, BY COUNTRY, 2020–2022 (USD THOUSAND)
FIGURE 38 EXPORT VALUE OF HS CODE 8504-COMPLIANT PRODUCTS IN TOP 5 COUNTRIES, 2018–2022 (USD THOUSAND)
5.9 KEY CONFERENCES AND EVENTS, 2024–2025
TABLE 10 INSTRUMENT TRANSFORMERS MARKET: LIST OF KEY CONFERENCES AND EVENTS
5.10 TARIFF AND REGULATORY LANDSCAPE
  5.10.1 TARIFF ANALYSIS
TABLE 11 COUNTRY-WISE IMPORT TARIFF FOR HS CODE 8504-COMPLIANT PRODUCTS, 2022
  5.10.2 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 12 NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 13 EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 14 ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 15 ROW: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
  5.10.3 REGULATORY FRAMEWORK
TABLE 16 INSTRUMENT TRANSFORMER MARKET: CODES AND REGULATIONS
5.11 PRICING ANALYSIS
  5.11.1 AVERAGE SELLING PRICE TREND, BY REGION
FIGURE 39 AVERAGE SELLING PRICE OF INSTRUMENT TRANSFORMERS, BY REGION, 2019–2030 (USD/UNIT)
  5.11.2 INDICATIVE PRICING ANALYSIS, BY VOLTAGE
5.12 PORTER’S FIVE FORCES ANALYSIS
FIGURE 40 INSTRUMENT TRANSFORMER MARKET: PORTER’S FIVE FORCES ANALYSIS
TABLE 17 INSTRUMENT TRANSFORMER MARKET: PORTER’S FIVE FORCES ANALYSIS
  5.12.1 THREAT OF NEW ENTRANTS
  5.12.2 BARGAINING POWER OF SUPPLIERS
  5.12.3 BARGAINING POWER OF BUYERS
  5.12.4 THREAT OF SUBSTITUTES
  5.12.5 INTENSITY OF COMPETITIVE RIVALRY
5.13 KEY STAKEHOLDERS AND BUYING CRITERIA
  5.13.1 KEY STAKEHOLDERS IN BUYING PROCESS
FIGURE 41 INFLUENCE OF KEY STAKEHOLDERS ON BUYING PROCESS FOR END USERS
TABLE 18 INFLUENCE OF KEY STAKEHOLDERS ON BUYING PROCESS FOR END USERS
  5.13.2 BUYING CRITERIA
FIGURE 42 INFLUENCE OF KEY STAKEHOLDERS ON BUYING PROCESS FOR END USERS
TABLE 19 KEY BUYING CRITERIA FOR END USERS

6 INSTRUMENT TRANSFORMER MARKET, BY TYPE

6.1 INTRODUCTION
FIGURE 43 INSTRUMENT TRANSFORMER MARKET, BY TYPE, 2022
TABLE 20 INSTRUMENT TRANSFORMER MARKET, BY TYPE, 2019–2022 (USD MILLION)
TABLE 21 INSTRUMENT TRANSFORMER MARKET, BY TYPE, 2023–2030 (USD MILLION)
6.2 CURRENT
  6.2.1 ABILITY TO MEASURE CURRENTS WITH HIGH ACCURACY TO BOOST DEMAND
TABLE 22 CURRENT: INSTRUMENT TRANSFORMER MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 23 CURRENT: INSTRUMENT TRANSFORMER MARKET, BY REGION, 2023–2030 (USD MILLION)
6.3 POTENTIAL
  6.3.1 UTILIZATION IN METERING, PROTECTION, AND CONTROL OF POWER SYSTEMS TO FUEL SEGMENTAL GROWTH
TABLE 24 POTENTIAL: INSTRUMENT TRANSFORMER MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 25 POTENTIAL: INSTRUMENT TRANSFORMER MARKET, BY REGION, 2023–2030 (USD MILLION)
  6.3.2 INDUCTIVE
  6.3.3 CAPACITIVE
6.4 COMBINED
  6.4.1 REDUCED TOTAL COST, LOWER MATERIAL COSTS, AND LESS SPACE REQUIREMENT TO ACCELERATE DEMAND
TABLE 26 COMBINED: INSTRUMENT TRANSFORMER MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 27 COMBINED: INSTRUMENT TRANSFORMER MARKET, BY REGION, 2023–2030 (USD MILLION)

7 INSTRUMENT TRANSFORMER MARKET, BY ENCLOSURE TYPE

7.1 INTRODUCTION
FIGURE 44 INSTRUMENT TRANSFORMER MARKET, BY ENCLOSURE TYPE, 2023
TABLE 28 INSTRUMENT TRANSFORMER MARKET, BY ENCLOSURE TYPE, 2019–2022 (USD MILLION)
TABLE 29 INSTRUMENT TRANSFORMER MARKET, BY ENCLOSURE TYPE, 2023–2030 (USD MILLION)
7.2 INDOOR
  7.2.1 PROTECTION AGAINST ACCIDENTAL CONTACT WITH HAZARDOUS INTERNAL COMPONENTS, DRIPPING WATER, AND FIBERS TO BOOST DEMAND
TABLE 30 INDOOR: INSTRUMENT TRANSFORMER MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 31 INDOOR: INSTRUMENT TRANSFORMER MARKET, BY REGION, 2023–2030 (USD MILLION)
7.3 OUTDOOR
  7.3.1 NEED TO PROTECT TRANSFORMERS FROM HARSH ENVIRONMENTAL CONDITIONS AND POSSIBLE CONTAMINATION TO FUEL DEMAND
TABLE 32 OUTDOOR: INSTRUMENT TRANSFORMER MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 33 OUTDOOR: INSTRUMENT TRANSFORMER MARKET, BY REGION, 2023–2030 (USD MILLION)

8 INSTRUMENT TRANSFORMER MARKET, BY DIELECTRIC MEDIUM

8.1 INTRODUCTION
FIGURE 45 INSTRUMENT TRANSFORMER MARKET, BY DIELECTRIC MEDIUM, 2023
TABLE 34 INSTRUMENT TRANSFORMER MARKET, BY DIELECTRIC MEDIUM, 2019–2022 (USD MILLION)
TABLE 35 INSTRUMENT TRANSFORMER MARKET, BY DIELECTRIC MEDIUM, 2023–2030 (USD MILLION)
8.2 LIQUID
  8.2.1 HIGH-VOLTAGE APPLICATIONS TO DRIVE MARKET
TABLE 36 LIQUID: INSTRUMENT TRANSFORMER MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 37 LIQUID: INSTRUMENT TRANSFORMER MARKET, BY REGION, 2023–2030 (USD MILLION)
8.3 SF6 GAS
  8.3.1 LESS SPACE REQUIREMENTS TO BOOST DEMAND
TABLE 38 SF6 GAS: INSTRUMENT TRANSFORMER MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 39 SF6 GAS: INSTRUMENT TRANSFORMER MARKET, BY REGION, 2023–2030 (USD MILLION)
8.4 SOLID
  8.4.1 HIGH MECHANICAL STRENGTH, RESISTANCE TO AGING AND CHEMICAL DEGRADATION, AND LOW MOISTURE ABSORPTION FEATURES TO BOOST DEMAND
TABLE 40 SOLID: INSTRUMENT TRANSFORMER MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 41 SOLID: INSTRUMENT TRANSFORMER MARKET, BY REGION, 2023–2030 (USD MILLION)

9 INSTRUMENT TRANSFORMER MARKET, BY VOLTAGE

9.1 INTRODUCTION
FIGURE 46 INSTRUMENT TRANSFORMER MARKET, BY VOLTAGE, 2023
TABLE 42 INSTRUMENT TRANSFORMER MARKET, BY VOLTAGE, 2019–2022 (USD MILLION)
TABLE 43 INSTRUMENT TRANSFORMER MARKET, BY VOLTAGE, 2023–2030 (USD MILLION)
9.2 DISTRIBUTION
  9.2.1 NEED FOR ACCURATE MEASUREMENT AND MONITORING OF ELECTRICAL PARAMETERS TO FUEL DEMAND
TABLE 44 DISTRIBUTION: INSTRUMENT TRANSFORMER MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 45 DISTRIBUTION: INSTRUMENT TRANSFORMER MARKET, BY REGION, 2023–2030 (USD MILLION)
9.3 SUB-TRANSMISSION
  9.3.1 INCREASING USE IN SUBSTATIONS AND SWITCHYARDS OF CAPTIVE POWER PLANTS TO FOSTER SEGMENTAL GROWTH
TABLE 46 SUB-TRANSMISSION: INSTRUMENT TRANSFORMER MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 47 SUB-TRANSMISSION: INSTRUMENT TRANSFORMER MARKET, BY REGION, 2023–2030 (USD MILLION)
9.4 HV TRANSMISSION
  9.4.1 NEED TO TRANSMIT POWER OVER LONG DISTANCES TO BOOST INSTRUMENT TRANSFORMER DEMAND
TABLE 48 HV TRANSMISSION: INSTRUMENT TRANSFORMER MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 49 HV TRANSMISSION: INSTRUMENT TRANSFORMER MARKET, BY REGION, 2023–2030 (USD MILLION)
9.5 EHV TRANSMISSION
  9.5.1 IMPLEMENTATION OF CAPACITIVE POTENTIAL TRANSFORMERS IN EHV TRANSMISSION SYSTEMS TO ACCELERATE MARKET GROWTH
TABLE 50 EHV TRANSMISSION: INSTRUMENT TRANSFORMER MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 51 EHV TRANSMISSION: INSTRUMENT TRANSFORMER MARKET, BY REGION, 2023–2030 (USD MILLION)
9.6 UHV TRANSMISSION
  9.6.1 RISING USE OF CAPACITIVE POTENTIAL TRANSFORMERS IN UHV TRANSMISSION GRIDS TO DRIVE MARKET
TABLE 52 UHV TRANSMISSION: INSTRUMENT TRANSFORMER MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 53 UHV TRANSMISSION: INSTRUMENT TRANSFORMER MARKET, BY REGION, 2023–2030 (USD MILLION)

10 INSTRUMENT TRANSFORMER MARKET, BY APPLICATION

10.1 INTRODUCTION
FIGURE 47 INSTRUMENT TRANSFORMER MARKET, BY APPLICATION, 2023
TABLE 54 INSTRUMENT TRANSFORMER MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
TABLE 55 INSTRUMENT TRANSFORMER MARKET, BY APPLICATION, 2023–2030 (USD MILLION)
10.2 TRANSFORMER & CIRCUIT BREAKER BUSHING
  10.2.1 IMPROVED PERFORMANCE, RELIABILITY, AND DURABILITY BENEFITS TO DRIVE MARKET
TABLE 56 TRANSFORMER & CIRCUIT BREAKER BUSHING: INSTRUMENT TRANSFORMER MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 57 TRANSFORMER & CIRCUIT BREAKER BUSHING: INSTRUMENT TRANSFORMER MARKET, BY REGION, 2023–2030 (USD MILLION)
10.3 SWITCHGEAR ASSEMBLIES
  10.3.1 INCREASING NEED FOR ACCURATE MONITORING, CONTROL, AND PROTECTION OF ELECTRICAL POWER SYSTEMS TO BOOST DEMAND
TABLE 58 SWITCHGEAR ASSEMBLIES: INSTRUMENT TRANSFORMER MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 59 SWITCHGEAR ASSEMBLIES: INSTRUMENT TRANSFORMER MARKET, BY REGION, 2023–2030 (USD MILLION)
10.4 RELAYING
  10.4.1 RISING FOCUS OF HEAVY INDUSTRIES ON PROTECTING CRITICAL ELECTRICAL EQUIPMENT TO PROPEL MARKET
TABLE 60 RELAYING: INSTRUMENT TRANSFORMER MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 61 RELAYING: INSTRUMENT TRANSFORMER MARKET, BY REGION, 2023–2030 (USD MILLION)
10.5 METERING & PROTECTION
  10.5.1 SURGING DEMAND FOR PRECISE MEASUREMENT AND MONITORING OF ELECTRICAL PARAMETERS IN POWER SYSTEMS TO DRIVE MARKET
TABLE 62 METERING & PROTECTION: INSTRUMENT TRANSFORMER MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 63 METERING & PROTECTION: INSTRUMENT TRANSFORMER MARKET, BY REGION, 2023–2030 (USD MILLION)
10.6 PRIMARY METERING UNITS
  10.6.1 PRESSING NEED FOR ACCURATE MEASUREMENT OF HIGH INCOMING VOLTAGE TO BOOST DEMAND
TABLE 64 PRIMARY METERING UNITS: INSTRUMENT TRANSFORMER MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 65 PRIMARY METERING UNITS: INSTRUMENT TRANSFORMER MARKET, BY REGION, 2023–2030 (USD MILLION)

11 INSTRUMENT TRANSFORMER MARKET, BY END USER

11.1 INTRODUCTION
FIGURE 48 INSTRUMENT TRANSFORMER MARKET, BY END USER, 2023
TABLE 66 INSTRUMENT TRANSFORMER MARKET, BY END USER, 2019–2022 (USD MILLION)
TABLE 67 INSTRUMENT TRANSFORMER MARKET, BY END USER, 2023–2030 (USD MILLION)
11.2 POWER UTILITIES
  11.2.1 INCREASING FOCUS OF POWER UTILITIES ON EFFICIENT ENERGY MANAGEMENT TO BOOST DEMAND
TABLE 68 POWER UTILITIES: INSTRUMENT TRANSFORMER MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 69 POWER UTILITIES: INSTRUMENT TRANSFORMER MARKET, BY REGION, 2023–2030 (USD MILLION)
TABLE 70 POWER UTILITIES: INSTRUMENT TRANSFORMER MARKET, BY UTILITY TYPE, 2019–2022 (USD MILLION)
TABLE 71 POWER UTILITIES: INSTRUMENT TRANSFORMER MARKET, BY UTILITY TYPE, 2023–2030 (USD MILLION)
11.3 TRANSMISSION UTILITIES
  11.3.1 NEED TO TRANSMIT ELECTRICITY OVER LONG DISTANCES WITH MINIMAL POWER LOSSES TO BOOST DEMAND
11.4 DISTRIBUTION UTILITIES
  11.4.1 RISING USE OF INSTRUMENT TRANSFORMERS TO ENSURE ACCURATE MEASUREMENT AND MONITORING OF ELECTRICAL PARAMETERS IN HIGH-VOLTAGE SYSTEMS TO DRIVE MARKET
11.5 POWER GENERATION PLANTS
  11.5.1 INCREASING EMPHASIS ON REFURBISHING AGING POWER INFRASTRUCTURE TO FUEL MARKET GROWTH
TABLE 72 POWER GENERATION PLANTS: INSTRUMENT TRANSFORMER MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 73 POWER GENERATION PLANTS: INSTRUMENT TRANSFORMER MARKET, BY REGION, 2023–2030 (USD MILLION)
11.6 RAILWAYS & METROS
  11.6.1 GROWING INVESTMENTS IN RAIL INFRASTRUCTURE EXPANSION TO BOOST DEMAND
TABLE 74 RAILWAYS & METROS: INSTRUMENT TRANSFORMER MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 75 RAILWAYS & METROS: INSTRUMENT TRANSFORMER MARKET, BY REGION, 2023–2030 (USD MILLION)
11.7 INDUSTRIES & OEMS
  11.7.1 NEED TO PREVENT DAMAGE TO EXPENSIVE MACHINERY IN MANUFACTURING PLANTS TO ACCELERATE DEMAND
TABLE 76 INDUSTRIES & OEMS: INSTRUMENT TRANSFORMER MARKET, BY INDUSTRY, 2019–2022 (USD MILLION)
TABLE 77 INDUSTRIES & OEMS: INSTRUMENT TRANSFORMER MARKET, BY INDUSTRY, 2023–2030 (USD MILLION)
TABLE 78 INDUSTRIES & OEMS: INSTRUMENT TRANSFORMER MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 79 INDUSTRIES & OEMS: INSTRUMENT TRANSFORMER MARKET, BY REGION, 2023–2030 (USD MILLION)
  11.7.2 OIL & GAS
  11.7.3 CEMENT
  11.7.4 CHEMICALS
  11.7.5 AUTOMOTIVE
  11.7.6 INDUSTRIAL MACHINERY

12 INSTRUMENT TRANSFORMER MARKET, BY REGION

12.1 INTRODUCTION
FIGURE 49 INSTRUMENT TRANSFORMER MARKET SHARE, BY REGION, 2023
FIGURE 50 ASIA PACIFIC TO WITNESS HIGHEST CAGR IN INSTRUMENT TRANSFORMER MARKET DURING FORECAST PERIOD
TABLE 80 INSTRUMENT TRANSFORMER MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 81 INSTRUMENT TRANSFORMER MARKET, BY REGION, 2023–2030 (USD MILLION)
TABLE 82 INSTRUMENT TRANSFORMER MARKET, BY REGION, 2019–2022 (THOUSAND UNITS)
TABLE 83 INSTRUMENT TRANSFORMER MARKET, BY REGION, 2023–2030 (THOUSAND UNITS)
12.2 ASIA PACIFIC
  12.2.1 RECESSION IMPACT ON MARKET IN ASIA PACIFIC
FIGURE 51 ASIA PACIFIC: INSTRUMENT TRANSFORMER MARKET SNAPSHOT
  12.2.2 BY TYPE
TABLE 84 ASIA PACIFIC: INSTRUMENT TRANSFORMER MARKET, BY TYPE, 2019–2022 (USD MILLION)
TABLE 85 ASIA PACIFIC: INSTRUMENT TRANSFORMER MARKET, BY TYPE, 2023–2030 (USD MILLION)
  12.2.3 BY DIELECTRIC MEDIUM
TABLE 86 ASIA PACIFIC: INSTRUMENT TRANSFORMER MARKET, BY DIELECTRIC MEDIUM, 2019–2022 (USD MILLION)
TABLE 87 ASIA PACIFIC: INSTRUMENT TRANSFORMER MARKET, BY DIELECTRIC MEDIUM, 2023–2030 (USD MILLION)
  12.2.4 BY VOLTAGE
TABLE 88 ASIA PACIFIC: INSTRUMENT TRANSFORMER MARKET, BY VOLTAGE, 2019–2022 (USD MILLION)
TABLE 89 ASIA PACIFIC: INSTRUMENT TRANSFORMER MARKET, BY VOLTAGE, 2023–2030 (USD MILLION)
  12.2.5 BY ENCLOSURE TYPE
TABLE 90 ASIA PACIFIC: INSTRUMENT TRANSFORMER MARKET, BY ENCLOSURE TYPE, 2019–2022 (USD MILLION)
TABLE 91 ASIA PACIFIC: INSTRUMENT TRANSFORMER MARKET, BY ENCLOSURE TYPE, 2023–2030 (USD MILLION)
  12.2.6 BY APPLICATION
TABLE 92 ASIA PACIFIC: INSTRUMENT TRANSFORMER MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
TABLE 93 ASIA PACIFIC: INSTRUMENT TRANSFORMER MARKET, BY APPLICATION, 2023–2030 (USD MILLION)
  12.2.7 BY END USER
TABLE 94 ASIA PACIFIC: INSTRUMENT TRANSFORMER MARKET, BY END USER, 2019–2022 (USD MILLION)
TABLE 95 ASIA PACIFIC: INSTRUMENT TRANSFORMER MARKET, BY END USER, 2023–2030 (USD MILLION)
  12.2.8 BY COUNTRY
TABLE 96 ASIA PACIFIC: INSTRUMENT TRANSFORMER MARKET, BY COUNTRY, 2019–2022 (USD MILLION)
TABLE 97 ASIA PACIFIC: INSTRUMENT TRANSFORMER MARKET, BY COUNTRY, 2023–2030 (USD MILLION)
    12.2.8.1 China
      12.2.8.1.1 Rising investments in clean energy products to fuel market growth
TABLE 98 CHINA: INSTRUMENT TRANSFORMER MARKET, BY TYPE, 2019–2022 (USD MILLION)
TABLE 99 CHINA: INSTRUMENT TRANSFORMER MARKET, BY TYPE, 2023–2030 (USD MILLION)
TABLE 100 CHINA: INSTRUMENT TRANSFORMER MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
TABLE 101 CHINA: INSTRUMENT TRANSFORMER MARKET, BY APPLICATION, 2023–2030 (USD MILLION)
    12.2.8.2 India
      12.2.8.2.1 Government initiatives in electrification projects to stimulate market growth
TABLE 102 INDIA: INSTRUMENT TRANSFORMER MARKET, BY TYPE, 2019–2022 (USD MILLION)
TABLE 103 INDIA: INSTRUMENT TRANSFORMER MARKET, BY TYPE, 2023–2030 (USD MILLION)
TABLE 104 INDIA: INSTRUMENT TRANSFORMER MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
TABLE 105 INDIA: INSTRUMENT TRANSFORMER MARKET, BY APPLICATION, 2023–2030 (USD MILLION)
    12.2.8.3 Japan
      12.2.8.3.1 Need to upgrade aging infrastructure to boost demand
TABLE 106 JAPAN: INSTRUMENT TRANSFORMER MARKET, BY TYPE, 2019–2022 (USD MILLION)
TABLE 107 JAPAN: INSTRUMENT TRANSFORMER MARKET, BY TYPE, 2023–2030 (USD MILLION)
TABLE 108 JAPAN: INSTRUMENT TRANSFORMER MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
TABLE 109 JAPAN: INSTRUMENT TRANSFORMER MARKET, BY APPLICATION, 2023–2030 (USD MILLION)
    12.2.8.4 South Korea
      12.2.8.4.1 Rapid transition toward renewable energy sources to accelerate demand
TABLE 110 SOUTH KOREA: INSTRUMENT TRANSFORMER MARKET, BY TYPE, 2019–2022 (USD MILLION)
TABLE 111 SOUTH KOREA: INSTRUMENT TRANSFORMER MARKET, BY TYPE, 2023–2030 (USD MILLION)
TABLE 112 SOUTH KOREA: INSTRUMENT TRANSFORMER MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
TABLE 113 SOUTH KOREA: INSTRUMENT TRANSFORMER MARKET, BY APPLICATION, 2023–2030 (USD MILLION)
    12.2.8.5 Australia
      12.2.8.5.1 Electrification projects by railway industry to create lucrative opportunities for instrument transformer manufacturers
TABLE 114 AUSTRALIA: INSTRUMENT TRANSFORMER MARKET, BY TYPE, 2019–2022 (USD MILLION)
TABLE 115 AUSTRALIA: INSTRUMENT TRANSFORMER MARKET, BY TYPE, 2023–2030 (USD MILLION)
TABLE 116 AUSTRALIA: INSTRUMENT TRANSFORMER MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
TABLE 117 AUSTRALIA: INSTRUMENT TRANSFORMER MARKET, BY APPLICATION, 2023–2030 (USD MILLION)
    12.2.8.6 Rest of Asia Pacific
TABLE 118 REST OF ASIA PACIFIC: INSTRUMENT TRANSFORMER MARKET, BY TYPE, 2019–2022 (USD MILLION)
TABLE 119 REST OF ASIA PACIFIC: INSTRUMENT TRANSFORMER MARKET, BY TYPE, 2023–2030 (USD MILLION)
TABLE 120 REST OF ASIA PACIFIC: INSTRUMENT TRANSFORMER MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
TABLE 121 REST OF ASIA PACIFIC: INSTRUMENT TRANSFORMER MARKET, BY APPLICATION, 2023–2030 (USD MILLION)
12.3 EUROPE
  12.3.1 RECESSION IMPACT ON MARKET IN EUROPE
FIGURE 52 EUROPE: INSTRUMENT TRANSFORMER MARKET SNAPSHOT
  12.3.2 BY TYPE
TABLE 122 EUROPE: INSTRUMENT TRANSFORMER MARKET, BY TYPE, 2019–2022 (USD MILLION)
TABLE 123 EUROPE: INSTRUMENT TRANSFORMER MARKET, BY TYPE, 2023–2030 (USD MILLION)
  12.3.3 BY DIELECTRIC MEDIUM
TABLE 124 EUROPE: INSTRUMENT TRANSFORMER MARKET, BY DIELECTRIC MEDIUM, 2019–2022 (USD MILLION)
TABLE 125 EUROPE: INSTRUMENT TRANSFORMER MARKET, BY DIELECTRIC MEDIUM, 2023–2030 (USD MILLION)
  12.3.4 BY VOLTAGE
TABLE 126 EUROPE: INSTRUMENT TRANSFORMER MARKET, BY VOLTAGE, 2019–2022 (USD MILLION)
TABLE 127 EUROPE: INSTRUMENT TRANSFORMER MARKET, BY VOLTAGE, 2023–2030 (USD MILLION)
  12.3.5 BY ENCLOSURE TYPE
TABLE 128 EUROPE: INSTRUMENT TRANSFORMER MARKET, BY ENCLOSURE TYPE, 2019–2022 (USD MILLION)
TABLE 129 EUROPE: INSTRUMENT TRANSFORMER MARKET, BY ENCLOSURE TYPE, 2023–2030 (USD MILLION)
  12.3.6 BY APPLICATION
TABLE 130 EUROPE: INSTRUMENT TRANSFORMER MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
TABLE 131 EUROPE: INSTRUMENT TRANSFORMER MARKET, BY APPLICATION, 2023–2030 (USD MILLION)
  12.3.7 BY END USER
TABLE 132 EUROPE: INSTRUMENT TRANSFORMER MARKET, BY END USER, 2019–2022 (USD MILLION)
TABLE 133 EUROPE: INSTRUMENT TRANSFORMER MARKET, BY END USER, 2023–2030 (USD MILLION)
  12.3.8 BY COUNTRY
TABLE 134 EUROPE: INSTRUMENT TRANSFORMER MARKET, BY COUNTRY, 2019–2022 (USD MILLION)
TABLE 135 EUROPE: INSTRUMENT TRANSFORMER MARKET, BY COUNTRY, 2023–2030 (USD MILLION)
    12.3.8.1 Germany
      12.3.8.1.1 Significant focus on expanding grid infrastructure and power transmission network to drive market
TABLE 136 GERMANY: INSTRUMENT TRANSFORMER MARKET, BY TYPE, 2019–2022 (USD MILLION)
TABLE 137 GERMANY: INSTRUMENT TRANSFORMER MARKET, BY TYPE, 2023–2030 (USD MILLION)
TABLE 138 GERMANY: INSTRUMENT TRANSFORMER MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
TABLE 139 GERMANY: INSTRUMENT TRANSFORMER MARKET, BY APPLICATION, 2023–2030 (USD MILLION)
    12.3.8.2 UK
      12.3.8.2.1 Increasing focus on renewable energy sources to propel market
TABLE 140 UK: INSTRUMENT TRANSFORMER MARKET, BY TYPE, 2019–2022 (USD MILLION)
TABLE 141 UK: INSTRUMENT TRANSFORMER MARKET, BY TYPE, 2023–2030 (USD MILLION)
TABLE 142 UK: INSTRUMENT TRANSFORMER MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
TABLE 143 UK: INSTRUMENT TRANSFORMER MARKET, BY APPLICATION, 2023–2030 (USD MILLION)
    12.3.8.3 France
      12.3.8.3.1 Smart grid development projects to provide growth opportunities
TABLE 144 FRANCE: INSTRUMENT TRANSFORMER MARKET, BY TYPE, 2019–2022 (USD MILLION)
TABLE 145 FRANCE: INSTRUMENT TRANSFORMER MARKET, BY TYPE, 2023–2030 (USD MILLION)
TABLE 146 FRANCE: INSTRUMENT TRANSFORMER MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
TABLE 147 FRANCE: INSTRUMENT TRANSFORMER MARKET, BY APPLICATION, 2023–2030 (USD MILLION)
    12.3.8.4 Spain
      12.3.8.4.1 Prominent presence of international players, including ABB, GE, and Siemens, to stimulate demand
TABLE 148 SPAIN: INSTRUMENT TRANSFORMER MARKET, BY TYPE, 2019–2022 (USD MILLION)
TABLE 149 SPAIN: INSTRUMENT TRANSFORMER MARKET, BY TYPE, 2023–2030 (USD MILLION)
TABLE 150 SPAIN: INSTRUMENT TRANSFORMER MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
TABLE 151 SPAIN: INSTRUMENT TRANSFORMER MARKET, BY APPLICATION, 2023–2030 (USD MILLION)
    12.3.8.5 Sweden
      12.3.8.5.1 Rapid transition toward smart grid technology to boost demand
TABLE 152 SWEDEN: INSTRUMENT TRANSFORMER MARKET, BY TYPE, 2019–2022 (USD MILLION)
TABLE 153 SWEDEN: INSTRUMENT TRANSFORMER MARKET, BY TYPE, 2023–2030 (USD MILLION)
TABLE 154 SWEDEN: INSTRUMENT TRANSFORMER MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
TABLE 155 SWEDEN: INSTRUMENT TRANSFORMER MARKET, BY APPLICATION, 2023–2030 (USD MILLION)
    12.3.8.6 Norway
      12.3.8.6.1 Growing focus on improving hydropower expertise to fuel market growth
TABLE 156 NORWAY: INSTRUMENT TRANSFORMER MARKET, BY TYPE, 2019–2022 (USD MILLION)
TABLE 157 NORWAY: INSTRUMENT TRANSFORMER MARKET, BY TYPE, 2023–2030 (USD MILLION)
TABLE 158 NORWAY: INSTRUMENT TRANSFORMER MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
TABLE 159 NORWAY: INSTRUMENT TRANSFORMER MARKET, BY APPLICATION, 2023–2030 (USD MILLION)
    12.3.8.7 Russia
      12.3.8.7.1 Geopolitical tensions to impact market growth
TABLE 160 RUSSIA: INSTRUMENT TRANSFORMER MARKET, BY TYPE, 2019–2022 (USD MILLION)
TABLE 161 RUSSIA: INSTRUMENT TRANSFORMER MARKET, BY TYPE, 2023–2030 (USD MILLION)
TABLE 162 RUSSIA: INSTRUMENT TRANSFORMER MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
TABLE 163 RUSSIA: INSTRUMENT TRANSFORMER MARKET, BY APPLICATION, 2023–2030 (USD MILLION)
    12.3.8.8 Rest of Europe
TABLE 164 REST OF EUROPE: INSTRUMENT TRANSFORMER MARKET, BY TYPE, 2019–2022 (USD MILLION)
TABLE 165 REST OF EUROPE: INSTRUMENT TRANSFORMER MARKET, BY TYPE, 2023–2030 (USD MILLION)
TABLE 166 REST OF EUROPE: INSTRUMENT TRANSFORMER MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
TABLE 167 REST OF EUROPE: INSTRUMENT TRANSFORMER MARKET, BY APPLICATION, 2023–2030 (USD MILLION)
12.4 NORTH AMERICA
  12.4.1 BY TYPE
TABLE 168 NORTH AMERICA: INSTRUMENT TRANSFORMER MARKET, BY TYPE, 2019–2022 (USD MILLION)
TABLE 169 NORTH AMERICA: INSTRUMENT TRANSFORMER MARKET, BY TYPE, 2023–2030 (USD MILLION)
  12.4.2 BY DIELECTRIC MEDIUM
TABLE 170 NORTH AMERICA: INSTRUMENT TRANSFORMER MARKET, BY DIELECTRIC MEDIUM, 2019–2022 (USD MILLION)
TABLE 171 NORTH AMERICA: INSTRUMENT TRANSFORMER MARKET, BY DIELECTRIC MEDIUM, 2023–2030 (USD MILLION)
  12.4.3 BY VOLTAGE
TABLE 172 NORTH AMERICA: INSTRUMENT TRANSFORMER MARKET, BY VOLTAGE, 2019–2022 (USD MILLION)
TABLE 173 NORTH AMERICA: INSTRUMENT TRANSFORMER MARKET, BY VOLTAGE, 2023–2030 (USD MILLION)
  12.4.4 BY ENCLOSURE TYPE
TABLE 174 NORTH AMERICA: INSTRUMENT TRANSFORMER MARKET, BY ENCLOSURE TYPE, 2019–2022 (USD MILLION)
TABLE 175 NORTH AMERICA: INSTRUMENT TRANSFORMER MARKET, BY ENCLOSURE TYPE, 2023–2030 (USD MILLION)
  12.4.5 BY APPLICATION
TABLE 176 NORTH AMERICA: INSTRUMENT TRANSFORMER MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
TABLE 177 NORTH AMERICA: INSTRUMENT TRANSFORMER MARKET, BY APPLICATION, 2023–2030 (USD MILLION)
  12.4.6 BY END USER
TABLE 178 NORTH AMERICA: INSTRUMENT TRANSFORMER MARKET, BY END USER, 2019–2022 (USD MILLION)
TABLE 179 NORTH AMERICA: INSTRUMENT TRANSFORMER MARKET, BY END USER, 2023–2030 (USD MILLION)
  12.4.7 BY COUNTRY
TABLE 180 NORTH AMERICA: INSTRUMENT TRANSFORMER MARKET, BY COUNTRY, 2019–2022 (USD MILLION)
TABLE 181 NORTH AMERICA: INSTRUMENT TRANSFORMER MARKET, BY COUNTRY, 2023–2030 (USD MILLION)
    12.4.7.1 US
      12.4.7.1.1 Pressing need to shift from aging coal-fired power plants to gas-fired flexible power plants to boost demand
TABLE 182 US: INSTRUMENT TRANSFORMER MARKET, BY TYPE, 2019–2022 (USD MILLION)
TABLE 183 US: INSTRUMENT TRANSFORMER MARKET, BY TYPE, 2023–2030 (USD MILLION)
TABLE 184 US: INSTRUMENT TRANSFORMER MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
TABLE 185 US: INSTRUMENT TRANSFORMER MARKET, BY APPLICATION, 2023–2030 (USD MILLION)
    12.4.7.2 Canada
      12.4.7.2.1 Growing implementation of captive power plants to stimulate market growth
TABLE 186 CANADA: INSTRUMENT TRANSFORMER MARKET, BY TYPE, 2019–2022 (USD MILLION)
TABLE 187 CANADA: INSTRUMENT TRANSFORMER MARKET, BY TYPE, 2023–2030 (USD MILLION)
TABLE 188 CANADA: INSTRUMENT TRANSFORMER MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
TABLE 189 CANADA: INSTRUMENT TRANSFORMER MARKET, BY APPLICATION, 2023–2030 (USD MILLION)
    12.4.7.3 Mexico
      12.4.7.3.1 Increasing investments in power infrastructure to boost demand
TABLE 190 MEXICO: INSTRUMENT TRANSFORMER MARKET, BY TYPE, 2019–2022 (USD MILLION)
TABLE 191 MEXICO: INSTRUMENT TRANSFORMER MARKET, BY TYPE, 2023–2030 (USD MILLION)
TABLE 192 MEXICO: INSTRUMENT TRANSFORMER MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
TABLE 193 MEXICO: INSTRUMENT TRANSFORMER MARKET, BY APPLICATION, 2023–2030 (USD MILLION)
12.5 MIDDLE EAST & AFRICA
  12.5.1 RECESSION IMPACT ON MARKET IN MIDDLE EAST & AFRICA
  12.5.2 BY TYPE
TABLE 194 MIDDLE EAST & AFRICA: INSTRUMENT TRANSFORMER MARKET, BY TYPE, 2019–2022 (USD MILLION)
TABLE 195 MIDDLE EAST & AFRICA: INSTRUMENT TRANSFORMER MARKET, BY TYPE, 2023–2030 (USD MILLION)
  12.5.3 BY DIELECTRIC MEDIUM
TABLE 196 MIDDLE EAST & AFRICA: INSTRUMENT TRANSFORMER MARKET, BY DIELECTRIC MEDIUM, 2019–2022 (USD MILLION)
TABLE 197 MIDDLE EAST & AFRICA: INSTRUMENT TRANSFORMER MARKET, BY DIELECTRIC MEDIUM, 2023–2030 (USD MILLION)
  12.5.4 BY VOLTAGE
TABLE 198 MIDDLE EAST & AFRICA: INSTRUMENT TRANSFORMER MARKET, BY VOLTAGE, 2019–2022 (USD MILLION)
TABLE 199 MIDDLE EAST & AFRICA: INSTRUMENT TRANSFORMER MARKET, BY VOLTAGE, 2023–2030 (USD MILLION)
  12.5.5 BY ENCLOSURE TYPE
TABLE 200 MIDDLE EAST & AFRICA: INSTRUMENT TRANSFORMER MARKET, BY ENCLOSURE TYPE, 2019–2022 (USD MILLION)
TABLE 201 MIDDLE EAST & AFRICA: INSTRUMENT TRANSFORMER MARKET, BY ENCLOSURE TYPE, 2023–2030 (USD MILLION)
  12.5.6 BY APPLICATION
TABLE 202 MIDDLE EAST & AFRICA: INSTRUMENT TRANSFORMER MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
TABLE 203 MIDDLE EAST & AFRICA: INSTRUMENT TRANSFORMER MARKET, BY APPLICATION, 2023–2030 (USD MILLION)
  12.5.7 BY END USER
TABLE 204 MIDDLE EAST & AFRICA: INSTRUMENT TRANSFORMER MARKET, BY END USER, 2019–2022 (USD MILLION)
TABLE 205 MIDDLE EAST & AFRICA: INSTRUMENT TRANSFORMER MARKET, BY END USER, 2023–2030 (USD MILLION)
  12.5.8 BY COUNTRY
TABLE 206 MIDDLE EAST & AFRICA: INSTRUMENT TRANSFORMER MARKET, BY COUNTRY, 2019–2022 (USD MILLION)
TABLE 207 MIDDLE EAST & AFRICA: INSTRUMENT TRANSFORMER MARKET, BY COUNTRY, 2023–2030 (USD MILLION)
    12.5.8.1 GCC countries
      12.5.8.1.1 Saudi Arabia
        12.5.8.1.1.1 Government policies aiming to reduce carbon emissions to drive market growth
TABLE 208 SAUDI ARABIA: INSTRUMENT TRANSFORMER MARKET, BY TYPE, 2019–2022 (USD MILLION)
TABLE 209 SAUDI ARABIA: INSTRUMENT TRANSFORMER MARKET, BY TYPE, 2023–2030 (USD MILLION)
TABLE 210 SAUDI ARABIA: INSTRUMENT TRANSFORMER MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
TABLE 211 SAUDI ARABIA: INSTRUMENT TRANSFORMER MARKET, BY APPLICATION, 2023–2030 (USD MILLION)
      12.5.8.1.2 UAE
        12.5.8.1.2.1 Rapid economic development and increasing demand for power to propel market
TABLE 212 UAE: INSTRUMENT TRANSFORMER MARKET, BY TYPE, 2019–2022 (USD MILLION)
TABLE 213 UAE: INSTRUMENT TRANSFORMER MARKET, BY TYPE, 2023–2030 (USD MILLION)
TABLE 214 UAE: INSTRUMENT TRANSFORMER MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
TABLE 215 UAE: INSTRUMENT TRANSFORMER MARKET, BY APPLICATION, 2023–2030 (USD MILLION)
      12.5.8.1.3 Qatar
        12.5.8.1.3.1 Government policies favoring utilization of renewables in power generation to boost demand
TABLE 216 QATAR: INSTRUMENT TRANSFORMER MARKET, BY TYPE, 2019–2022 (USD MILLION)
TABLE 217 QATAR: INSTRUMENT TRANSFORMER MARKET, BY TYPE, 2023–2030 (USD MILLION)
TABLE 218 QATAR: INSTRUMENT TRANSFORMER MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
TABLE 219 QATAR: INSTRUMENT TRANSFORMER MARKET, BY APPLICATION, 2023–2030 (USD MILLION)
      12.5.8.1.4 Rest of GCC countries
TABLE 220 REST OF GCC COUNTRIES: INSTRUMENT TRANSFORMER MARKET, BY TYPE, 2019–2022 (USD MILLION)
TABLE 221 REST OF GCC COUNTRIES: INSTRUMENT TRANSFORMER MARKET, BY TYPE, 2023–2030 (USD MILLION)
TABLE 222 REST OF GCC COUNTRIES: INSTRUMENT TRANSFORMER MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
TABLE 223 REST OF GCC COUNTRIES: INSTRUMENT TRANSFORMER MARKET, BY APPLICATION, 2023–2030 (USD MILLION)
    12.5.8.2 South Africa
      12.5.8.2.1 Grid modernization initiative to fuel market growth
TABLE 224 SOUTH AFRICA: INSTRUMENT TRANSFORMER MARKET, BY TYPE, 2019–2022 (USD MILLION)
TABLE 225 SOUTH AFRICA: INSTRUMENT TRANSFORMER MARKET, BY TYPE, 2023–2030 (USD MILLION)
TABLE 226 SOUTH AFRICA: INSTRUMENT TRANSFORMER MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
TABLE 227 SOUTH AFRICA: INSTRUMENT TRANSFORMER MARKET, BY APPLICATION, 2023–2030 (USD MILLION)
    12.5.8.3 Rest of Middle East & Africa
TABLE 228 REST OF MIDDLE EAST & AFRICA: INSTRUMENT TRANSFORMER MARKET, BY TYPE, 2019–2022 (USD MILLION)
TABLE 229 REST OF MIDDLE EAST & AFRICA: INSTRUMENT TRANSFORMER MARKET, BY TYPE, 2023–2030 (USD MILLION)
TABLE 230 REST OF MIDDLE EAST & AFRICA: INSTRUMENT TRANSFORMER MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
TABLE 231 REST OF MIDDLE EAST & AFRICA: INSTRUMENT TRANSFORMER MARKET, BY APPLICATION, 2023–2030 (USD MILLION)
12.6 SOUTH AMERICA
  12.6.1 GROWING FOCUS ON OIL AND GAS EXPLORATION AND PRODUCTION ACTIVITIES TO FOSTER MARKET GROWTH
  12.6.2 RECESSION IMPACT ON MARKET IN SOUTH AMERICA
  12.6.3 BY TYPE
TABLE 232 SOUTH AMERICA: INSTRUMENT TRANSFORMER MARKET, BY TYPE, 2019–2022 (USD MILLION)
TABLE 233 SOUTH AMERICA: INSTRUMENT TRANSFORMER MARKET, BY TYPE, 2023–2030 (USD MILLION)
  12.6.4 BY DIELECTRIC MEDIUM
TABLE 234 SOUTH AMERICA: INSTRUMENT TRANSFORMER MARKET, BY DIELECTRIC MEDIUM, 2019–2022 (USD MILLION)
TABLE 235 SOUTH AMERICA: INSTRUMENT TRANSFORMER MARKET, BY DIELECTRIC MEDIUM, 2023–2030 (USD MILLION)
  12.6.5 BY VOLTAGE
TABLE 236 SOUTH AMERICA: INSTRUMENT TRANSFORMER MARKET, BY VOLTAGE, 2019–2022 (USD MILLION)
TABLE 237 SOUTH AMERICA: INSTRUMENT TRANSFORMER MARKET, BY VOLTAGE, 2023–2030 (USD MILLION)
  12.6.6 BY ENCLOSURE TYPE
TABLE 238 SOUTH AMERICA: INSTRUMENT TRANSFORMER MARKET, BY ENCLOSURE TYPE, 2019–2022 (USD MILLION)
TABLE 239 SOUTH AMERICA: INSTRUMENT TRANSFORMER MARKET, BY ENCLOSURE TYPE, 2023–2030 (USD MILLION)
  12.6.7 BY APPLICATION
TABLE 240 SOUTH AMERICA: INSTRUMENT TRANSFORMER MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
TABLE 241 SOUTH AMERICA: INSTRUMENT TRANSFORMER MARKET, BY APPLICATION, 2023–2030 (USD MILLION)
  12.6.8 BY END USER
TABLE 242 SOUTH AMERICA: INSTRUMENT TRANSFORMER MARKET, BY END USER, 2019–2022 (USD MILLION)
TABLE 243 SOUTH AMERICA: INSTRUMENT TRANSFORMER MARKET, BY END USER, 2023–2030 (USD MILLION)
  12.6.9 BY COUNTRY
TABLE 244 SOUTH AMERICA: INSTRUMENT TRANSFORMER MARKET, BY COUNTRY, 2019–2022 (USD MILLION)
TABLE 245 SOUTH AMERICA: INSTRUMENT TRANSFORMER MARKET, BY COUNTRY, 2023–2030 (USD MILLION)
    12.6.9.1 Brazil
      12.6.9.1.1 Increasing electrification initiatives to boost demand
TABLE 246 BRAZIL: INSTRUMENT TRANSFORMER MARKET, BY TYPE, 2019–2022 (USD MILLION)
TABLE 247 BRAZIL: INSTRUMENT TRANSFORMER MARKET, BY TYPE, 2023–2030 (USD MILLION)
TABLE 248 BRAZIL: INSTRUMENT TRANSFORMER MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
TABLE 249 BRAZIL: INSTRUMENT TRANSFORMER MARKET, BY APPLICATION, 2023–2030 (USD MILLION)
    12.6.9.2 Argentina
      12.6.9.2.1 Thriving industrial sector to boost demand
TABLE 250 ARGENTINA: INSTRUMENT TRANSFORMER MARKET, BY TYPE, 2019–2022 (USD MILLION)
TABLE 251 ARGENTINA: INSTRUMENT TRANSFORMER MARKET, BY TYPE, 2023–2030 (USD MILLION)
TABLE 252 ARGENTINA: INSTRUMENT TRANSFORMER MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
TABLE 253 ARGENTINA: INSTRUMENT TRANSFORMER MARKET, BY APPLICATION, 2023–2030 (USD MILLION)
    12.6.9.3 Chile
      12.6.9.3.1 Advancements in power infrastructure to drive market
TABLE 254 CHILE: INSTRUMENT TRANSFORMER MARKET, BY TYPE, 2019–2022 (USD MILLION)
TABLE 255 CHILE: INSTRUMENT TRANSFORMER MARKET, BY TYPE, 2023–2030 (USD MILLION)
TABLE 256 CHILE: INSTRUMENT TRANSFORMER MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
TABLE 257 CHILE: INSTRUMENT TRANSFORMER MARKET, BY APPLICATION, 2023–2030 (USD MILLION)
    12.6.9.4 Rest of South America
TABLE 258 REST OF SOUTH AMERICA: INSTRUMENT TRANSFORMER MARKET, BY TYPE, 2019–2022 (USD MILLION)
TABLE 259 REST OF SOUTH AMERICA: INSTRUMENT TRANSFORMER MARKET, BY TYPE, 2023–2030 (USD MILLION)
TABLE 260 REST OF SOUTH AMERICA: INSTRUMENT TRANSFORMER MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
TABLE 261 REST OF SOUTH AMERICA: INSTRUMENT TRANSFORMER MARKET, BY APPLICATION, 2023–2030 (USD MILLION)

13 COMPETITIVE LANDSCAPE

13.1 INTRODUCTION
13.2 STRATEGIES ADOPTED BY KEY PLAYERS, 2019–2022
TABLE 262 STRATEGIES ADOPTED BY MAJOR PLAYERS, 2019–2022
13.3 MARKET SHARE ANALYSIS, 2022
TABLE 263 INSTRUMENT TRANSFORMER MARKET: DEGREE OF COMPETITION
FIGURE 53 MARKET SHARE ANALYSIS OF KEY PLAYERS, 2022
13.4 REVENUE ANALYSIS OF TOP PLAYERS, 2018–2022
FIGURE 54 INSTRUMENT TRANSFORMER MARKET: REVENUE ANALYSIS OF TOP 5 PLAYERS, 2018–2022
13.5 COMPANY EVALUATION MATRIX, 2022
  13.5.1 STARS
  13.5.2 PERVASIVE PLAYERS
  13.5.3 EMERGING LEADERS
  13.5.4 PARTICIPANTS
FIGURE 55 INSTRUMENT TRANSFORMER MARKET: COMPANY EVALUATION MATRIX, 2022
  13.5.5 COMPANY FOOTPRINT (KEY PLAYERS)
TABLE 264 TYPE FOOTPRINT
TABLE 265 DIELECTRIC MEDIUM FOOTPRINT
TABLE 266 ENCLOSURE TYPE FOOTPRINT
TABLE 267 APPLICATION FOOTPRINT
TABLE 268 END USER FOOTPRINT
TABLE 269 REGION FOOTPRINT
TABLE 270 OVERALL COMPANY FOOTPRINT
13.6 START-UP/SME EVALUATION MATRIX, 2022
  13.6.1 PROGRESSIVE COMPANIES
  13.6.2 RESPONSIVE COMPANIES
  13.6.3 DYNAMIC COMPANIES
  13.6.4 STARTING BLOCKS
FIGURE 56 INSTRUMENT TRANSFORMER MARKET: START-UP/SME EVALUATION MATRIX, 2022
  13.6.5 COMPETITIVE BENCHMARKING
TABLE 271 INSTRUMENT TRANSFORMER MARKET: COMPETITIVE BENCHMARKING OF START-UPS/SMES
TABLE 272 INSTRUMENT TRANSFORMER MARKET: LIST OF KEY START-UPS/SMES
13.7 COMPETITIVE SCENARIOS
  13.7.1 PRODUCT LAUNCHES
TABLE 273 INSTRUMENT TRANSFORMER MARKET: PRODUCT LAUNCHES, FEBRUARY 2020–MARCH 2023
  13.7.2 DEALS
TABLE 274 INSTRUMENTAL TRANSFORMER MARKET: DEALS, OCTOBER 2021– DECEMBER 2023
  13.7.3 OTHERS
TABLE 275 INSTRUMENT TRANSFORMER MARKET: OTHERS, APRIL 2019–DECEMBER 2023

14 COMPANY PROFILES

14.1 KEY PLAYERS
(Business Overview, Products/Services/Solutions Offered, MnM View, Key Strengths and Right to Win, Strategic Choices Made, Weaknesses and Competitive Threats, Recent Developments)*
  14.1.1 ABB
TABLE 276 ABB: COMPANY OVERVIEW
FIGURE 57 ABB: COMPANY SNAPSHOT
TABLE 277 ABB: PRODUCTS OFFERED
TABLE 278 ABB: DEALS
  14.1.2 GENERAL ELECTRIC
TABLE 279 GENERAL ELECTRIC: COMPANY OVERVIEW
FIGURE 58 GENERAL ELECTRIC: COMPANY SNAPSHOT
TABLE 280 GENERAL ELECTRIC: PRODUCTS OFFERED
TABLE 281 GENERAL ELECTRIC: PRODUCT LAUNCHES
TABLE 282 GENERAL ELECTRIC: DEALS
  14.1.3 MITSUBISHI ELECTRIC
TABLE 283 MITSUBISHI ELECTRIC: COMPANY OVERVIEW
FIGURE 59 MITSUBISHI ELECTRIC: COMPANY SNAPSHOT
TABLE 284 MITSUBISHI ELECTRIC: PRODUCTS OFFERED
TABLE 285 MITSUBISHI ELECTRIC: DEALS
  14.1.4 SCHNEIDER ELECTRIC
TABLE 286 SCHNEIDER ELECTRIC: COMPANY OVERVIEW
FIGURE 60 SCHNEIDER ELECTRIC: COMPANY SNAPSHOT
TABLE 287 SCHNEIDER ELECTRIC: PRODUCTS OFFERED
  14.1.5 SIEMENS ENERGY
TABLE 288 SIEMENS ENERGY: COMPANY OVERVIEW
FIGURE 61 SIEMENS ENERGY: COMPANY SNAPSHOT
TABLE 289 SIEMENS ENERGY: PRODUCTS OFFERED
TABLE 290 SIEMENS ENERGY: DEALS
  14.1.6 ARTECHE
TABLE 291 ARTECHE: COMPANY OVERVIEW
FIGURE 62 ARTECHE: COMPANY SNAPSHOT
TABLE 292 ARTECHE: PRODUCTS OFFERED
TABLE 293 ARTECHE: PRODUCT LAUNCHES
TABLE 294 ARTECHE: DEALS
TABLE 295 ARTECHE: OTHER DEVELOPMENTS
  14.1.7 BHARAT HEAVY ELECTRICALS LIMITED (BHEL)
TABLE 296 BHEL: COMPANY OVERVIEW
FIGURE 63 BHEL: COMPANY SNAPSHOT
TABLE 297 BHEL: PRODUCTS OFFERED
  14.1.8 CG POWER AND INDUSTRIAL SOLUTIONS
TABLE 298 CG POWER AND INDUSTRIAL SOLUTIONS: COMPANY OVERVIEW
FIGURE 64 CG POWER AND INDUSTRIAL SOLUTIONS: COMPANY SNAPSHOT
TABLE 299 CG POWER AND INDUSTRIAL SOLUTIONS: PRODUCTS OFFERED
TABLE 300 CG POWER AND INDUSTRIAL SOLUTIONS: PRODUCT LAUNCHES
  14.1.9 NISSIN ELECTRIC CO., LTD.
TABLE 301 NISSIN ELECTRIC CO., LTD.: COMPANY OVERVIEW
FIGURE 65 NISSIN ELECTRIC CO., LTD.: COMPANY SNAPSHOT
TABLE 302 NISSIN ELECTRIC CO., LTD.: PRODUCTS OFFERED
  14.1.10 EMEK ELEKTRIK ENDЬSTRISI A.S
TABLE 303 EMEK ELEKTRIK ENDЬSTRISI A.S: COMPANY OVERVIEW
TABLE 304 EMEK ELEKTRIK ENDЬSTRISI A.S: PRODUCTS OFFERED
  14.1.11 INDIAN TRANSFORMERS AND ELECTRICALS PVT. LTD
TABLE 305 INDIAN TRANSFORMERS AND ELECTRICALS PVT. LTD: COMPANY OVERVIEW
TABLE 306 INDIAN TRANSFORMERS AND ELECTRICALS PVT. LTD: PRODUCTS OFFERED
  14.1.12 MEHRU
TABLE 307 MEHRU: COMPANY OVERVIEW
TABLE 308 MEHRU: PRODUCTS OFFERED
  14.1.13 KONИAR - INSTRUMENT TRANSFORMERS INC.
TABLE 309 KONИAR - INSTRUMENT TRANSFORMERS INC.: COMPANY OVERVIEW
FIGURE 66 KONИAR- INSTRUMENT TRANSFORMERS INC.: COMPANY SNAPSHOT
TABLE 310 KONИAR - INSTRUMENT TRANSFORMERS INC.: PRODUCTS OFFERED
  14.1.14 PFIFFNER GROUP
TABLE 311 PFIFFNER GROUP: COMPANY OVERVIEW
TABLE 312 PFIFFNER GROUP: PRODUCTS OFFERED
TABLE 313 PFIFFNER GROUP: DEALS
  14.1.15 RITZ INSTRUMENT TRANSFORMERS GMBH
TABLE 314 RITZ INSTRUMENT TRANSFORMERS GMBH: COMPANY OVERVIEW
TABLE 315 RITZ INSTRUMENT TRANSFORMERS GMBH: PRODUCTS OFFERED
*Business Overview, Products/Services/Solutions Offered, MnM View, Key Strengths and Right to Win, Strategic Choices Made, Weaknesses and Competitive Threats, Recent Developments might not be captured in case of unlisted companies.
14.2 OTHER PLAYERS
  14.2.1 CHINT GROUP
  14.2.2 WEG
  14.2.3 AMRAN, INC.
  14.2.4 STRATON ELECTRICALS PVT. LTD.
  14.2.5 DALIAN HUAYI ELECTRIC POWER ELECTRIC APPLIANCES CO., LTD.
  14.2.6 ENPAY ENDЬSTRIYEL PAZARLAMA VE YATIRIM A.Є. (ENPAY)
  14.2.7 DALIAN NORTH INSTRUMENT TRANSFORMER GROUP CO., LTD.
  14.2.8 SIEYUAN ELECTRIC CO., LTD.
  14.2.9 AUTOMATIC ELECTRIC LTD.
  14.2.10 VAMET INDUSTRIES

15 APPENDIX

15.1 INSIGHTS FROM INDUSTRY EXPERTS
15.2 DISCUSSION GUIDE
15.3 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
15.4 CUSTOMIZATION OPTIONS
15.5 RELATED REPORTS
15.6 AUTHOR DETAILS