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Global Instrument Transformer Market 2016-2020

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.

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
  • 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?


Press Release

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.

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 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.



Companies Mentioned

ABB, Crompton Greaves, GE, ITL, Schneider Electric, China XD Group, Huayi Electric Apparatus, Jiangsu Sieyuan Hertz Instrument Transformer, Nissin Electric, TBEA

  • Executive summary
    • Highlights
  • Scope of the report
    • Market overview
      • Table Instrument transformers: Current and potential transformers
      • Table Factors used for market size calculation
      • Table Key countries in each region
  • Market research methodology
    • Research methodology
    • Economic indicators
  • Introduction
    • Key market highlights
      • Table Benefits offered by instrument transformer
      • Table Differences between CT and PT
      • Table Global instrument transformer market: Segmentation by application
      • Table Global instrument transformer market: Geographic segmentation
  • Market landscape
    • Market size and forecast
      • Table Impact of application sectors on global instrument transformers market 2010-2020
    • Five forces analysis
      • Table Five forces analysis
  • Market drivers
    • Table Global instrument transformers market: Drivers
    • Enhanced accuracy at significantly low current levels
    • Augmented demand for electricity from emerging economies
    • Smart grid effect: Modernization of existing transformers
      • Table Power generation capacity addition in India 2013-2015 (GW)
      • Table Transformer capacity addition in India 2013-2015 (millions of MVA)
  • Impact of drivers
    • Table Impact of drivers
  • Market challenges
    • High dependency of India on electrical equipment imports
      • Table Electrical equipment import share by Chinese manufacturers 2013-2014
    • Distribution sector reeling under financial implications of upgrades
      • Table Minimum cost of construction of distribution network per mile in US ($)
      • Table Maximum cost of construction of distribution network per mile in the US ($)
  • Impact of drivers and challenges
    • Table Impact of drivers and challenges
  • Market trends
    • Auxiliary current transformers
      • Table Auxiliary current transformers
    • 3D simulation and epoxy casting procedures
    • Incorporation of fuses in voltage transformers
  • Market segmentation by application
    • Table Global instrument transformer market: Segmentation by application 2015 and 2020
    • Power transformers
      • Table Global instrument transformer market in power transformer application 2015-2020 ($ millions)
      • Table Global power transformer market in unit shipments 2014-2019 (units)
    • Switchgears
      • Table Global instrument transformer market in switchgear application 2015-2020 ($ millions)
  • Geographical segmentation
    • Table Global instrument transformer market: Segmentation by geography 2015 and 2020
    • Instrument transformers market in Americas
      • Table T&D line length addition and refurbishment in Americas 2014-2035 (thousands of miles)
      • Table Instrument transformer market in Americas 2015-2020 ($ millions)
    • Instrument transformers market in EMEA
      • Table T&D line length addition and refurbishment in EMEA 2014-2035 (thousands of miles)
      • Table Instrument transformer market in EMEA 2015-2020 ($ millions)
    • Instrument transformer market in APAC
      • Table T&D line length addition and refurbishment in APAC 2014-2035 (thousands of miles)
      • Table Instrument transformers market in APAC 2015-2020 ($ millions)
  • Vendor landscape
    • Competitive landscape
      • Table Key vendors
      • Table Geographic presence of key vendors
      • Table Extent of geographic presence for key vendors
    • Other prominent vendors
      • Table Other prominent vendors
  • Key vendor analysis
    • ABB
    • Crompton Greaves
    • GE
      • Table IEEE outdoor utility style
      • Table IEEE indoor
    • ITL
    • Schneider Electric
      • Table Non-conventional instrument transformers
    • Top vendor offerings
      • Table Product offerings of key vendors
  • Appendix
    • List of abbreviations
  • Explore Technavio

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