2018 $9.06 Billion Instrument Transformers Market by Type, Enclosure Type, Dielectric Medium, Voltage, Application, End-User & Region - Global Forecast to 2022
DUBLIN, Jan. 18, 2018 /PRNewswire/ --
The "Instrument Transformers Market by Type (Current, Potential, and Combined Instrument Transformers), Enclosure Type (Indoor and Outdoor), Dielectric Medium (Solid, Liquid, and SF6 Gas), Voltage, Application, End-User & Region - Global Forecast to 2022" report has been added to ResearchAndMarkets.com's offering.
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The global instrument transformers market is projected to reach a market size of USD 9.06 Billion by 2022, growing at a CAGR of 4.35%, from an estimated USD 7.32 Billion in 2017.
This growth can be attributed to the increasing power demand, increasing emphasis on alternative energy production across the globe, improving and evolving technologies, refurbishment of aging infrastructure, and investments in smart grids and energy systems across the globe.
The report segments the instrument transformers market, by end-user, into power transmission utilities, power distribution utilities, power generation, railways and metros, and industries and OEMs. The power distribution utilities segment is expected to grow at the highest CAGR during the forecast period. Power distribution utilities have jurisdiction over medium voltage and some part of the sub-transmission voltage of the grid infrastructure.
These utilities take care of the operation, maintenance, and installation of the grid infrastructure along with the realization of the consumed electricity and energy efficiency projects. As per the IEA statistics, USD 24,234 billion investment is expected to be made between 2014 and 2035 on a net addition of 24.2 million kilometers of power distribution lines, with an additional investment of USD 31,700 billion on the refurbishment of the old grid infrastructure at the distribution voltage.
Some of the prominent players in the power quality equipment market include ABB (Switzerland), Siemens (Germany), Schneider Electric (France), and GE (US).
Market Dynamics
Drivers
-- Rise in Alternative Energy Programs
-- Refurbishment of the Aging Power Infrastructure
-- Huge Investments in Smart Grids And Energy Systems
Restraints
-- Increasing Competition from the Unorganized Sector of the Instrument
Transformer Market
Opportunities
-- Increasing Investments in the Transmission & Distribution Infrastructure
-- Expanding Cross-Border Electricity Trade
-- Adoption of the Hvdc Technology for Long Distance Transmission
Challenges
-- Delays in Grid Expansion Projects
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Instrument Transformers Market, By Type
7 Instrument Transformers Market, By Dielectric Medium
8 Instrument Transformers Market, By Voltage
9 Instrument Transformers Market, By Enclosure Type
10 Instrument Transformers Market, By Application
11 Instrument Transformers Market, By End-User
12 Instrument Transformers Market, By Region
13 Competitive Landscape
14 Company Profiles
-- ABB
-- Arteche
-- Bhel
-- CG Power
-- Emek
-- GE
-- Indian Transformers Company
-- Instrument Transformer Equipment
-- Koncar-Instrument Transformers
-- Mitsubishi Electric
-- Nissin Electric
-- Pfiffner Instrument Transformers
-- Ritz Instrument Transformers
-- Schneider Electric
-- Siemens
For more information about this report visit https://www.researchandmarkets.com/research/2bf829/2018_9_06?w=5
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SOURCE Research and Markets
