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Global Instrument Transformers Market Size study & Forecast, by Application (Transformer and Circuit Breaker Bushing, Metering, Switchgear Assemblies, Relaying, Others) by Product Type (Conventional Instrument Transformer, Non-Conventional Instrument Transformer), by End-User (Power Utilities, Power Generation, Railways and Metros, Industries and OEMs, Others), by Voltage Type (Medium Voltage (1-52kV), Extra High Voltage Transmission (220/380kV), Low Voltage (Less Than 1kV), Ultra High Voltage Transmission (Greater Than 380kV), High Voltage Transmission (60/110 kV)) and Regional Analysis, 2023-2030

February 2024 | 200 pages | ID: G5B6F6D834D9EN
Bizwit Research & Consulting LLP

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Global Instrument Transformers Market is valued approximately at USD XX billion in 2022 and is anticipated to grow with a healthy growth rate of more than XX% over the forecast period 2023-2030. Instrument transformers are devices used in electrical power systems to transform currents and voltages from high values to levels that can be safely and conveniently measured and controlled. These transformers are crucial for the accurate monitoring and protection of power systems. The key factors driving the market growth during forecast period 2023-2030are growing demand for electricity, refurbishment of aging power infrastructure and huge investment in smart grids .

Additionally, rising demand for electricity, driven by population growth, urbanization, and industrialization, is a significant factor. This requires the expansion and upgrade of power infrastructure, including instrument transformers. According to Statista, in 2020, the global electricity demand was 23,995 terawatt hours and it is anticipated to reach 29463 terawatt hours by 2030. As a result, the growing global electricity demand is anticipated to support the market growth. Moreover, rising investment in transmission & distribution infrastructure and growing adoption of HVDC technology for long distance transmission is anticipated to create the lucrative opportunity for the market. However, the substantial upfront cost associated with instrument transformers stifles market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Instrument Transformers Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 with largest market share owing to the growing infrastructure development projects, increasing focus on renewable energy sources and growing development and implementation of smart grid technologies. Whereas, the Asia Pacific region is expected to grow with the fastest growth rate during the forecast period owing to factors such as the rapid industrialization and urbanization, increasing investments in power generation and transmission, and increasing demand for electricity.

Major market player included in this report are:

Ritz Instrument Transformers

ELEQ B.V.

ABB Ltd.

Siemens AG

GENERAL ELECTRIC

Schneider Electric

AInstrument Transformer Equipment Corporation, Inc.

Narayan Powertech Pvt.Ltd.

Bharat Heavy Electricals Limited

CG Power and Industrial Solutions Ltd.,

Recent Developments in the Market:
  • In November 2022, General Electric has launched the Superbute combination, a solution that expedites the installation of primary metering assemblies compared to traditional standalone CTs and VTs. This innovative design by GE maintains a high standard of quality and reliability. The Superbute Combo CT/VT incorporates RevenueSense CT technology, ensuring an accuracy of 0.15% within the range from 1% of rated current to the rating factor.
Global Instrument Transformers Market Report Scope:
  • Historical Data – 2020 - 2021
  • Base Year for Estimation – 2022
  • Forecast period - 2023-2030
  • Report Coverage - Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
  • Segments Covered – Application, Product Type, End-User, Voltage Type, Region
  • Regional Scope - North America; Europe; Asia Pacific; Latin America; Middle East & Africa
  • Customization Scope - Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Application:

Transformer and Circuit Breaker Bushing

Metering

Switchgear Assemblies

Relaying

Others

By Product Type:

Conventional Instrument Transformer

Non-Conventional Instrument Transformer

By End-User:

Power Utilities

Power Generation

Railways and Metros

Industries and OEMs

Others

By Voltage Type:

Medium Voltage (1-52kV)

Extra High Voltage Transmission (220/380kV)

Low Voltage (Less Than 1kV)

Ultra High Voltage Transmission (Greater Than 380kV)

High Voltage Transmission (60/110 kV)

By Region:

North America

U.S.

Canada

Europe

UK

Germany

France

Spain

Italy

ROE

Asia Pacific

China

India

Japan

Australia

South Korea

RoAPAC

Latin America

Brazil

Mexico

Middle East & Africa

Saudi Arabia

South Africa

Rest of Middle East & Africa
CHAPTER 1. EXECUTIVE SUMMARY

1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
  1.2.1. Instrument Transformers Market, by region, 2020-2030 (USD Billion)
  1.2.2. Instrument Transformers Market, by Application, 2020-2030 (USD Billion)
  1.2.3. Instrument Transformers Market, by Product Type, 2020-2030 (USD Billion)
  1.2.4. Instrument Transformers Market, by End-User, 2020-2030 (USD Billion)
  1.2.5. Instrument Transformers Market, by Voltage Type, 2020-2030 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption

CHAPTER 2. GLOBAL INSTRUMENT TRANSFORMERS MARKET DEFINITION AND SCOPE

2.1. Objective of the Study
2.2. Market Definition & Scope
  2.2.1. Industry Evolution
  2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates

CHAPTER 3. GLOBAL INSTRUMENT TRANSFORMERS MARKET DYNAMICS

3.1. Instrument Transformers Market Impact Analysis (2020-2030)
  3.1.1. Market Drivers
    3.1.1.1. Growing demand for electricity
    3.1.1.2. Refurbishment of aging power infrastructure
    3.1.1.3. Huge investment in smart grids and energy systems
  3.1.2. Market Challenges
    3.1.2.1. Substantial upfront cost associated with instrument transformers
  3.1.3. Market Opportunities
    3.1.3.1. Rising investment in transmission & distribution infrastructure
    3.1.3.2. Growing adoption of HVDC technology for long distance transmission

CHAPTER 4. GLOBAL INSTRUMENT TRANSFORMERS MARKET: INDUSTRY ANALYSIS

4.1. Porter’s 5 Force Model
  4.1.1. Bargaining Power of Suppliers
  4.1.2. Bargaining Power of Buyers
  4.1.3. Threat of New Entrants
  4.1.4. Threat of Substitutes
  4.1.5. Competitive Rivalry
4.2. Porter’s 5 Force Impact Analysis
4.3. PEST Analysis
  4.3.1. Political
  4.3.2. Economic
  4.3.3. Social
  4.3.4. Technological
  4.3.5. Environmental
  4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion

CHAPTER 5. GLOBAL INSTRUMENT TRANSFORMERS MARKET, BY APPLICATION

5.1. Market Snapshot
5.2. Global Instrument Transformers Market by Application, Performance- Potential Analysis
5.3. Global Instrument Transformers Market Estimates & Forecasts by Application 2020-2030 (USD Billion)
5.4. Instrument Transformers Market, Sub Segment Analysis
  5.4.1. Transformer and Circuit Breaker Bushing
  5.4.2. Metering
  5.4.3. Switchgear Assemblies
  5.4.4. Relaying
  5.4.5. Others

CHAPTER 6. GLOBAL INSTRUMENT TRANSFORMERS MARKET, BY PRODUCT TYPE

6.1. Market Snapshot
6.2. Global Instrument Transformers Market by Product Type, Performance - Potential Analysis
6.3. Global Instrument Transformers Market Estimates & Forecasts by Product Type 2020-2030 (USD Billion)
6.4. Instrument Transformers Market, Sub Segment Analysis
  6.4.1. Conventional Instrument Transformer
  6.4.2. Non-Conventional Instrument Transformer

CHAPTER 7. GLOBAL INSTRUMENT TRANSFORMERS MARKET, BY END-USER

7.1. Market Snapshot
7.2. Global Instrument Transformers Market by End-User, Performance - Potential Analysis
7.3. Global Instrument Transformers Market Estimates & Forecasts by End-User 2020-2030 (USD Billion)
7.4. Instrument Transformers Market, Sub Segment Analysis
  7.4.1. Power Utilities
  7.4.2. Power Generation
  7.4.3. Railways and Metros
  7.4.4. Industries and OEMs
  7.4.5. Others

CHAPTER 8. GLOBAL INSTRUMENT TRANSFORMERS MARKET, BY VOLTAGE TYPE

8.1. Market Snapshot
8.2. Global Instrument Transformers Market by Voltage Type, Performance - Potential Analysis
8.3. Global Instrument Transformers Market Estimates & Forecasts by Voltage Type 2020-2030 (USD Billion)
8.4. Instrument Transformers Market, Sub Segment Analysis
  8.4.1. Medium Voltage (1-52kV)
  8.4.2. Extra High Voltage Transmission (220/380kV)
  8.4.3. Low Voltage (Less Than 1kV)
  8.4.4. Ultra-High Voltage Transmission (Greater Than 380kV)
  8.4.5. High Voltage Transmission (60/110 kV)

CHAPTER 9. GLOBAL INSTRUMENT TRANSFORMERS MARKET, REGIONAL ANALYSIS

9.1. Top Leading Countries
9.2. Top Emerging Countries
9.3. Instrument Transformers Market, Regional Market Snapshot
9.4. North America Instrument Transformers Market
  9.4.1. U.S. Instrument Transformers Market
    9.4.1.1. Application breakdown estimates & forecasts, 2020-2030
    9.4.1.2. Product Type breakdown estimates & forecasts, 2020-2030
    9.4.1.3. End-User breakdown estimates & forecasts, 2020-2030
    9.4.1.4. Voltage Type breakdown estimates & forecasts, 2020-2030
  9.4.2. Canada Instrument Transformers Market
9.5. Europe Instrument Transformers Market Snapshot
  9.5.1. U.K. Instrument Transformers Market
  9.5.2. Germany Instrument Transformers Market
  9.5.3. France Instrument Transformers Market
  9.5.4. Spain Instrument Transformers Market
  9.5.5. Italy Instrument Transformers Market
  9.5.6. Rest of Europe Instrument Transformers Market
9.6. Asia-Pacific Instrument Transformers Market Snapshot
  9.6.1. China Instrument Transformers Market
  9.6.2. India Instrument Transformers Market
  9.6.3. Japan Instrument Transformers Market
  9.6.4. Australia Instrument Transformers Market
  9.6.5. South Korea Instrument Transformers Market
  9.6.6. Rest of Asia Pacific Instrument Transformers Market
9.7. Latin America Instrument Transformers Market Snapshot
  9.7.1. Brazil Instrument Transformers Market
  9.7.2. Mexico Instrument Transformers Market
9.8. Middle East & Africa Instrument Transformers Market
  9.8.1. Saudi Arabia Instrument Transformers Market
  9.8.2. South Africa Instrument Transformers Market
  9.8.3. Rest of Middle East & Africa Instrument Transformers Market

CHAPTER 10. COMPETITIVE INTELLIGENCE

10.1. Key Company SWOT Analysis
  10.1.1. Company
  10.1.2. Company
  10.1.3. Company
10.2. Top Market Strategies
10.3. Company Profiles
  10.3.1. Ritz Instrument Transformers
    10.3.1.1. Key Information
    10.3.1.2. Overview
    10.3.1.3. Financial (Subject to Data Availability)
    10.3.1.4. Product Summary
    10.3.1.5. Recent Developments
  10.3.2. ELEQ B.V.
  10.3.3. ABB Ltd.
  10.3.4. Siemens AG
  10.3.5. GENERAL ELECTRIC
  10.3.6. Schneider Electric
  10.3.7. AInstrument Transformer Equipment Corporation, Inc.
  10.3.8. Narayan Powertech Pvt.Ltd.
  10.3.9. Bharat Heavy Electricals Limited
  10.3.10. CG Power and Industrial Solutions Ltd.,

CHAPTER 11. RESEARCH PROCESS

11.1. Research Process
  11.1.1. Data Mining
  11.1.2. Analysis
  11.1.3. Market Estimation
  11.1.4. Validation
  11.1.5. Publishing
11.2. Research Attributes
11.3. Research Assumption

LIST OF TABLES

TABLE 1. Global Instrument Transformers Market, report scope
TABLE 2. Global Instrument Transformers Market estimates & forecasts by region 2020-2030 (USD Billion)
TABLE 3. Global Instrument Transformers Market estimates & forecasts by Application 2020-2030 (USD Billion)
TABLE 4. Global Instrument Transformers Market estimates & forecasts by Product Type 2020-2030 (USD Billion)
TABLE 5. Global Instrument Transformers Market estimates & forecasts by End-User 2020-2030 (USD Billion)
TABLE 6. Global Instrument Transformers Market estimates & forecasts by Voltage Type 2020-2030 (USD Billion)
TABLE 7. Global Instrument Transformers Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 8. Global Instrument Transformers Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 9. Global Instrument Transformers Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 10. Global Instrument Transformers Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 11. Global Instrument Transformers Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 12. Global Instrument Transformers Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 13. Global Instrument Transformers Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 14. Global Instrument Transformers Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 15. Global Instrument Transformers Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 16. Global Instrument Transformers Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 17. U.S. Instrument Transformers Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 18. U.S. Instrument Transformers Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 19. U.S. Instrument Transformers Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 20. Canada Instrument Transformers Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 21. Canada Instrument Transformers Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 22. Canada Instrument Transformers Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 23. UK Instrument Transformers Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 24. UK Instrument Transformers Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 25. UK Instrument Transformers Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 26. Germany Instrument Transformers Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 27. Germany Instrument Transformers Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 28. Germany Instrument Transformers Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 29. France Instrument Transformers Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 30. France Instrument Transformers Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 31. France Instrument Transformers Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 32. Italy Instrument Transformers Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 33. Italy Instrument Transformers Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 34. Italy Instrument Transformers Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 35. Spain Instrument Transformers Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 36. Spain Instrument Transformers Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 37. Spain Instrument Transformers Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 38. RoE Instrument Transformers Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 39. RoE Instrument Transformers Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 40. RoE Instrument Transformers Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 41. China Instrument Transformers Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 42. China Instrument Transformers Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 43. China Instrument Transformers Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 44. India Instrument Transformers Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 45. India Instrument Transformers Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 46. India Instrument Transformers Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 47. Japan Instrument Transformers Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 48. Japan Instrument Transformers Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 49. Japan Instrument Transformers Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 50. South Korea Instrument Transformers Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 51. South Korea Instrument Transformers Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 52. South Korea Instrument Transformers Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 53. Australia Instrument Transformers Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 54. Australia Instrument Transformers Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 55. Australia Instrument Transformers Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 56. RoAPAC Instrument Transformers Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 57. RoAPAC Instrument Transformers Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 58. RoAPAC Instrument Transformers Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 59. Brazil Instrument Transformers Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 60. Brazil Instrument Transformers Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 61. Brazil Instrument Transformers Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 62. Mexico Instrument Transformers Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 63. Mexico Instrument Transformers Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 64. Mexico Instrument Transformers Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 65. RoLA Instrument Transformers Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 66. RoLA Instrument Transformers Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 67. RoLA Instrument Transformers Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 68. Saudi Arabia Instrument Transformers Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 69. South Africa Instrument Transformers Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 70. RoMEA Instrument Transformers Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 71. List of secondary sources, used in the study of global Instrument Transformers Market
TABLE 72. List of primary sources, used in the study of global Instrument Transformers Market
TABLE 73. Years considered for the study
TABLE 74. Exchange rates considered
List of tables and figures and dummy in nature, final lists may vary in the final deliverable

LIST OF FIGURES

FIG 1. Global Instrument Transformers Market, research methodology
FIG 2. Global Instrument Transformers Market, Market estimation techniques
FIG 3. Global Market size estimates & forecast methods
FIG 4. Global Instrument Transformers Market, key trends 2022
FIG 5. Global Instrument Transformers Market, growth prospects 2023-2030
FIG 6. Global Instrument Transformers Market, porters 5 force model
FIG 7. Global Instrument Transformers Market, pest analysis
FIG 8. Global Instrument Transformers Market, value chain analysis
FIG 9. Global Instrument Transformers Market by segment, 2020 & 2030 (USD Billion)
FIG 10. Global Instrument Transformers Market by segment, 2020 & 2030 (USD Billion)
FIG 11. Global Instrument Transformers Market by segment, 2020 & 2030 (USD Billion)
FIG 12. Global Instrument Transformers Market by segment, 2020 & 2030 (USD Billion)
FIG 13. Global Instrument Transformers Market by segment, 2020 & 2030 (USD Billion)
FIG 14. Global Instrument Transformers Market, regional snapshot 2020 & 2030
FIG 15. North America Instrument Transformers Market 2020 & 2030 (USD Billion)
FIG 16. Europe Instrument Transformers Market 2020 & 2030 (USD Billion)
FIG 17. Asia pacific Instrument Transformers Market 2020 & 2030 (USD Billion)
FIG 18. Latin America Instrument Transformers Market 2020 & 2030 (USD Billion)
FIG 19. Middle East & Africa Instrument Transformers Market 2020 & 2030 (USD Billion)
List of tables and figures and dummy in nature, final lists may vary in the final deliverable


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