Instrument Transformer Market to amass remarkable remuneration from APAC belt, global industry valuation to surpass USD 7 Billion by 2024

Global Market Insights has added a new report on Instrument Transformer Market that provides a comprehensive review of this industry with respect to the driving forces influencing the market size. Comprising the current and future trends defining the dynamics of this industry vertical, this report also incorporates the regional landscape of ++ market in tandem with its competitive terrain.

In the recent times, instrument transformer market has witnessed a meteoric rise in its revenue graph, courtesy the rising demand for electricity owing to the exponential pace of urbanization, swift technological advancements to assist an energy-efficient and sustainable grid network, growing inclination toward clean energy with massive investments in the renewable sector coupled with various government initiatives to electrify rural hinterlands across the globe.

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Growth drivers

  • North America
  • Refurbishment demand for existing grid infrastructure
  • Rising infrastructural spending

Europe

  • Growing deployment of renewable energy
  • Upgradation of existing grid network

Asia Pacific

  • Large-scale renewable integration
  • Increasing demand for electricity

Middle East and Africa

  • Increasing demand for electricity
  • Growing investment toward expansion of distribution networks

To note a few remarkable instances of government initiatives, the Indian government has resolved to provide electrical connections to over four crore households in the rural and urban areas by the end of 2018.  The scheme, named as Pradhan Mantri Sahaj Bijli Har Ghar Yojana ‘Saubhagya’, aims to provide 24×7 electricity to the unserved and underserved hinterlands along with the neglected urban pockets.

Citing yet another instance, the government of France has announced an enormous investment of USD 30 Billion toward its energy adaptation plan that aims to endorse clean vehicles production and energy efficient distribution system. Apparently, the aforementioned instances of ambitious and dynamic initiatives undertaken by various governments across the globe have emerged as the principal driving force to boost the growth potential of instrument transformer market, which commanded a total valuation of over USD 3 Billion in 2016.

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To tackle the challenge of the transition to a new energy mix while enhancing the existing power grid infrastructure, Siemens AG, the leading German conglomerate partaking in instrument transformer industry, has built the world’s first dynamic grid control center with its partner entities. The new facility, named as ‘DynaGridCenter’ research project would aim to ascertain the extent to which existing technologies, utilized in control centers, can accommodate new structures and functions of future power grids. Such bold instances of ingenuity consequentially would steer the growth progression of the instrument transformer market over the forthcoming years.

Concurrently, the leading companies partaking in instrument transformer market such as Siemens AG, GE, ABB, Crompton Greaves, ITL, Schneider Electric, DENT Instruments, BHEL, Toshiba, Amran Inc., have been focusing on establishing robust supply chain and expanding the current facilities to ensure economies of scale, further stepping up the commercialization potential of instrument transformer market. In terms of installations, as per a recent report published by Global Market Insights Inc., instrument transformer industry is set to exceed 50 thousand units by 2024.

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Instrument Transformer Market Segmentation:

Chapter 5 Instrument Transformer Market, By Winding

5.1 Instrument transformer market share by winding, 2018 & 2025

5.2 Two – winding

5.2.1 Global market from two – winding, 2014 – 2025

5.2.2 Global market from two – winding, by region, 2014 – 2025

5.3 Auto – transformer

5.3.1 Global market from auto – transformer, 2014 – 2025

5.3.2 Global market from auto – transformer, by region, 2014 – 2025

Chapter 6 Instrument Transformer Market, By Installation

6.1 Instrument transformer market share by installation, 2018 & 2025

6.2 Outdoor

6.2.1 Global market from outdoor, 2014 – 2025

6.2.2 Global market from outdoor, by region, 2014 – 2025

6.3 Indoor

6.3.1 Global market from indoor, 2014 – 2025

6.3.2 Global market from indoor, by region, 2014 – 2025

Chapter 7 Instrument Transformer Market, By Cooling

7.1 Instrument transformer market share by cooling, 2018 & 2025

7.2 Dry type

7.2.1 Global market from dry type, 2014 – 2025

7.2.2 Global market from dry type, by region, 2014 – 2025

7.2.3 Self air

7.2.3.1 Global market from self air, 2014 – 2025

7.2.3.2 Global market from self air, by region, 2014 – 2025

7.2.4 Air blast

7.2.4.1 Global market from air blast, 2014 – 2025

7.2.4.2 Global market from air blast, by region, 2014 – 2025

7.3 Oil immersed

7.3.1 Global market from oil immersed, 2014 – 2025

7.3.2 Global market from oil immersed, by region, 2014 – 2025

7.3.3 Self cooled

7.3.3.1 Global market from self cooled, 2014 – 2025

7.3.3.2 Global market from self cooled, by region, 2014 – 2025

7.3.4 Water cooled

7.3.4.1 Global market from water cooled, 2014 – 2025

7.3.4.2 Global market from water cooled, by region, 2014 – 2025

7.3.5 Forced oil

7.3.5.1 Global market from forced oil, 2014 – 2025

7.3.5.2 Global market from forced oil, by region, 2014 – 2025

7.3.6 Others

7.3.6.1 Global market from others, 2014 – 2025

7.3.6.2 Global market from others, by region, 2014 – 2025

Chapter 8 Instrument Transformer Market, By Insulation

8.1 Instrument transformer market share by insulation, 2018 & 2025

8.2 Gas

8.2.1 Global market from gas, 2014 – 2025

8.2.2 Global market from gas, by region, 2014 – 2025

8.3 Oil

8.3.1 Global market from oil, 2014 – 2025

8.3.2 Global market from oil, by region, 2014 – 2025

8.4 Solid

8.4.1 Global market from solid, 2014 – 2025

8.4.2 Global market from solid, by region, 2014 – 2025

8.5 Air

8.5.1 Global market from air, 2014 – 2025

8.5.2 Global market from air, by region, 2014 – 2025

8.6 Others

8.6.1 Global market from others, 2014 – 2025

8.6.2 Global market from others, by region, 2014 – 2025

Chapter 9 Instrument Transformer Market, By Phase

9.1 Instrument transformer market share by phase, 2018 & 2025

9.2 Single

9.2.1 Global market from single, 2014 – 2025

9.2.2 Global market from single, by region, 2014 – 2025

9.3 3 – phase

9.3.1 Global market from 3 – phase, 2014 – 2025

9.3.2 Global market from 3 – phase, by region, 2014 – 2025

Chapter 10 Instrument Transformer Market, By Rating

10.1 Instrument transformer market share by rating, 2018 & 2025

10.2 ≤ 250 kV

10.2.1 Global market from ≤ 250 kV, 2014 – 2025

10.2.2 Global market from ≤ 250 kV, by region, 2014 – 2025

10.3 251 kV to 500 kV

10.3.1 Global market from 251 kV to 500 kV, 2014 – 2025

10.3.2 Global market from 251 kV to 500 kV, by region, 2014 – 2025

10.4 > 500 kV

10.4.1 Global market from > 500 kV, 2014 – 2025

10.4.2 Global market from > 500 kV, by region, 2014 – 2025

Chapter 11 Instrument Transformer Market, By Mounting

11.1 Instrument transformer market share by mounting, 2018 & 2025

11.2 Pad

11.2.1 Global market from pad, 2014 – 2025

11.2.2 Global market from pad, by region, 2014 – 2025

11.3 Pole

11.3.1 Global market from pole, 2014 – 2025

11.3.2 Global market from pole, by region, 2014 – 2025

11.4 PC/PCB

11.4.1 Global market from PC/PCB, 2014 – 2025

11.4.2 Global market from PC/PCB, by region, 2014 – 2025

11.5 Others

11.5.1 Global market from others, 2014 – 2025

11.5.2 Global market from others, by region, 2014 – 2025

Chapter 12 Instrument Transformer Market, By Application

12.1 Instrument transformer market share by application, 2018 & 2025

12.2 Residential & Commercial

12.2.1 Global market from residential & commercial, 2014 – 2025

12.2.2 Global market from residential & commercial, by region, 2014 – 2025

12.2.3 Education

12.2.3.1 Global market from education, 2014 – 2025

12.2.3.2 Global market from education, by region, 2014 – 2025

12.2.4 Healthcare

12.2.4.1 Global market from healthcare, 2014 – 2025

12.2.4.2 Global market from healthcare, by region, 2014 – 2025

12.2.5 Societies

12.2.5.1 Global market from societies, 2014 – 2025

12.2.5.2 Global market from societies, by region, 2014 – 2025

12.2.6 Others

12.2.6.1 Global market from others, 2014 – 2025

12.2.6.2 Global market from others, by region, 2014 – 2025

12.3 Utility

12.3.1 Global market from utility, 2014 – 2025

12.3.2 Global market from utility, by region, 2014 – 2025

12.4 Industrial

12.4.1 Global market from industrial, 2014 – 2025

12.4.2 Global market from industrial, by region, 2014 – 2025

12.4.3 Railways

12.4.3.1 Global market from railways, 2014 – 2025

12.4.3.2 Global market from railways, by region, 2014 – 2025

12.4.4 Cement

12.4.4.1 Global market from cement, 2014 – 2025

12.4.4.2 Global market from cement, by region, 2014 – 2025

12.4.5 Power

12.4.5.1 Global market from power, 2014 – 2025

12.4.5.2 Global market from power, by region, 2014 – 2025

12.4.6 Oil & gas

12.4.6.1 Global market from oil & gas, 2014 – 2025

12.4.6.2 Global market from oil & gas, by region, 2014 – 2025

12.4.7 Others

12.4.7.1 Global market from others, 2014 – 2025

12.4.7.2 Global market from others, by region, 2014 – 2025