Global Instrument Transformer Market 2019-2023

Global Instrument Transformer Market 2019-2023

Global Instrument Transformer Market: About this market

Instrument transformers are used in power distribution systems for the measurement of electrical quantities such as current, voltage. Frequency and power consumption. Technavio’s instrument transformer market analysis considers sales generated from the adoption of instrument transformers for measurement and protection. Our analysis also considers the sales of instrument transformers in APAC, Europe, North America, South America, and MEA. In 2018, the protection segment had a significant market share, and this trend is expected to continue over the forecast period. Factors such as the growth in the switchgear market will play a significant role in the protection segment to maintain its market position. Also, our global instrument transformer market report looks at factors such as the growing investments in electric power systems, rising demand from industrial end-users for metering and load management, and replacement demand from existing sites in power transmission and distribution and industrial sector. However, the replacement demand for instrument transformers served by many unrecognized vendors, growing use of current and voltage sensors, and poor financial health of power sector in markets such as India and Pakistan may hamper the growth of the instrument transformer industry over the forecast period.

Global Instrument Transformer Market: Overview

Growing investments in electric power systems

There is an increase in investments in smart grids and solar and wind power plants due to the declining cost of renewable energy technology. This drives the need for power transformers, switchgear, and metering equipment. Instrument transformers are required for protective relays to protect electrical equipment and metering devices. This is driving the demand for instrument transformers, which will subsequently lead to the expansion of the global instrument transformer market at a CAGR of almost 4% during the forecast period.

CBM of instrument transformers

The failure of electromagnetic circuits in instrument transformers can damage the capital-intensive electric equipment. This is encouraging vendors to develop instrument transformers that allow condition-based monitoring (CBM) to prevent faults and failure in specific parts. This development is expected to have a positive impact on the overall market growth.

For the detailed list of factors that will drive the global instrument transformer market during the forecast period 2019-2023, click here.

Competitive Landscape

With the presence of several major players, the global instrument transformer market is fragmented. Technavio’s robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading instrument transformer manufacturers, that include ABB, CG Power and Industrial Solutions Ltd., General Electric Co., Schneider Electric SE, and Siemens AG.

Also, the instrument transformer market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.


  • Executive summary
  • Scope of the report
    • Preface
    • Currency conversion rates for US$
  • Market landscape
    • Market ecosystem
      • Table Global substation solutions market
      • Table Segments of global substation solutions market
    • Market characteristics
      • Table Market characteristics
    • Market segmentation analysis
      • Table Market segments
  • Market sizing
    • Market definition
      • Table Market definition - Inclusions and exclusions checklist
    • Market sizing 2018
      • Table Market size 2018
    • Market size and forecast 2018-2023
      • Table Global market: Size and forecast 2018-2023 ($ millions)
      • Table Global market: Year-over-year growth 2019-2023 (%)
  • Five forces analysis
    • Table Five forces analysis 2018
    • Table Five forces analysis 2023
    • Bargaining power of buyers
      • Table Bargaining power of buyers
    • Bargaining power of suppliers
      • Table Bargaining power of suppliers
    • Threat of new entrants
      • Table Threat of new entrants
    • Threat of substitutes
      • Table Threat of substitutes
    • Threat of rivalry
      • Table Threat of rivalry
    • Market condition
      • Table Market condition - Five forces 2018
  • Market segmentation by application
    • Table Application - Market share 2018-2023 (%)
    • Comparison by application
      • Table Comparison by application
    • Protection - Market size and forecast 2018-2023
      • Table Protection - Market size and forecast 2018-2023 ($ millions)
      • Table Protection - Year-over-year growth 2019-2023 (%)
    • Measurement - Market size and forecast 2018-2023
      • Table Measurement - Market size and forecast 2018-2023 ($ millions)
      • Table Measurement - Year-over-year growth 2019-2023 (%)
    • Market opportunity by application
      • Table Market opportunity by application
  • Customer landscape
    • Table Customer landscape
  • Geographic landscape
    • Geographic segmentation
      • Table Market share by geography 2018-2023 (%)
    • Geographic comparison
      • Table Geographic comparison
    • APAC - Market size and forecast 2018-2023
      • Table APAC - Market size and forecast 2018-2023 ($ millions)
      • Table APAC - Year-over-year growth 2019-2023 (%)
    • North America - Market size and forecast 2018-2023
      • Table North America - Market size and forecast 2018-2023 ($ millions)
      • Table North America - Year-over-year growth 2019-2023 (%)
    • Europe - Market size and forecast 2018-2023
      • Table Europe - Market size and forecast 2018-2023 ($ millions)
      • Table Europe - Year-over-year growth 2019-2023 (%)
    • MEA - Market size and forecast 2018-2023
      • Table MEA - Market size and forecast 2018-2023 ($ millions)
      • Table MEA - Year-over-year growth 2019-2023 (%)
    • South America - Market size and forecast 2018-2023
      • Table South America - Market size and forecast 2018-2023 ($ millions)
      • Table South America - Year-over-year growth 2019-2023 (%)
    • Key leading countries
      • Table Key leading countries
    • Market opportunity
      • Table Market opportunity
  • Decision framework
  • Drivers and challenges
    • Market drivers
    • Market challenges
      • Table Impact of drivers and challenges
  • Market trends
    • Use of 3D printing technology to manufacture transformers
    • CBM of instrument transformers
    • Introduction of IoT features in transformers
  • Vendor landscape
    • Overview
      • Table Vendor landscape
    • Landscape disruption
      • Table Landscape disruption
    • Competitive scenario
  • Vendor analysis
    • Vendors covered
      • Table Vendors covered
    • Vendor classification
      • Table Vendor classification
    • Market positioning of vendors
      • Table Market positioning of vendors
    • ABB
      • Table ABB - Vendor overview
      • Table ABB - Business segments
      • Table ABB - Organizational developments
      • Table ABB - Geographic focus
      • Table ABB - Segment focus
      • Table ABB - Key offerings
    • CG Power and Industrial Solutions Ltd.
      • Table CG Power and Industrial Solutions Ltd. - Vendor overview
      • Table CG Power and Industrial Solutions Ltd. - Business segments
      • Table CG Power and Industrial Solutions Ltd. - Organizational developments
      • Table CG Power and Industrial Solutions Ltd. - Geographic focus
      • Table CG Power and Industrial Solutions Ltd. - Segment focus
      • Table CG Power and Industrial Solutions Ltd. - Key offerings
    • General Electric Co.
      • Table General Electric Co. - Vendor overview
      • Table General Electric Co. - Business segments
      • Table General Electric Co. - Organizational developments
      • Table General Electric Co. - Geographic focus
      • Table General Electric Co. - Segment focus
      • Table General Electric Co. - Key offerings
    • Schneider Electric SE
      • Table Schneider Electric SE - Vendor overview
      • Table Schneider Electric SE - Business segments
      • Table Schneider Electric SE - Organizational developments
      • Table Schneider Electric SE - Geographic focus
      • Table Schneider Electric SE - Segment focus
      • Table Schneider Electric SE - Key offerings
    • Siemens AG
      • Table Siemens AG - Vendor overview
      • Table Siemens AG - Business segments
      • Table Siemens AG - Organizational developments
      • Table Siemens AG - Geographic focus
      • Table Siemens AG - Segment focus
      • Table Siemens AG - Key offerings
  • Appendix
    • Research methodology
      • Table Validation techniques employed for market sizing
    • List of abbreviations
    • Definition of market positioning of vendors
      • Table Definition of market positioning of vendors
  • Explore Technavio

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