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Instrument Transformer Market Size, Share, Analysis and Forecasts 2016 - 2020

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According to the report, one of the main drivers promoting growth for this market is the modernization of existing transformers.
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Global Instrument Transformer Market Size, Share, Global Insights,
Analysis and Outlook, Emerging Trends and Research Report by
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Technavio Announces the Publication of its Research Report – Global Instrument Transformer Market
2016-2020
Technavio recognizes the following companies as the 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
Commenting on the report, an analyst from Technavio’ s team said that the incorporation of fuses in
voltage transformers is one the key trends in this market. Primary fuses are used to disconnect faulty
electrical transformers from the electricity grid in the event of an internal failure in the transformer. Such
failure mainly stems from voltage overloads or short circuits. These disruptions include partial short
circuits in the primary winding inside the transformer and secondary short circuits. The utility of primary
fuses lies in the fact that they help to provide uninterrupted electrical services to customers even when a
voltage transformer fails to complete its designated functions. However, primary fuses may never need
to operate since modern transformer devices are designed and constructed to exacting standards. Such
devices are far more reliable than older generations of transformers.
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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
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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.
The study was conducted using an objective combination of primary and secondary information including
inputs from key participants in the industry. The report contains a comprehensive market and vendor
landscape in addition to a SWOT analysis of the key vendors.
About Instrument Transformers
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.
Technavio’ s analysts forecast the global instrument transformer market to grow at a CAGR of 7.81 during
the period 2016-2020.
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Covered in this report
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
Technavio's report, 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 vendors
ABB
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Crompton Greaves
GE
ITL
Schneider Electric
Other prominent vendors
China XD Group
Huayi Electric Apparatus
Jiangsu Sieyuan Hertz Instrument Transformer
Nissin Electric
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?
You can request one free hour of our analyst’ s time when you purchase this market report. Details are
provided within the report.
To Get Discount On The Report @ https://marketreportscenter.com/request-discount/328678
Connect for more details:
Sam Collins
Market Reports Center
1-646-883-3044 (US)
[email protected]
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