Instrument Transformers Market in Americas 2015-2019
About Instrument Transformer
An instrument transformer is used to obtain measurements of voltage or current levels or both in different high-voltage/high-current systems such as in transmission or distribution lines or industries. An instrument transformer convert current or voltage from a high level to a very low level before passing it to measuring instruments, effectively isolating the measurement devices from the high voltage or current on the line. They are extensively used for measurement, monitoring, isolation, and control operations in power grids.
Technavio’s analysts forecast the instrument transformers market in the Americas to grow at a CAGR of 6.89% over the period 2014-2019.
Covered in this Report
This report covers the present scenario and the growth prospects of the instrument transformers market in the Americas during the period 2015-2019. For ascertaining the market size and vendor share, the report considers revenue generated from the sales of instrument transformers.
Technavio's report, Instrument Transformers Market in the Americas 2015-2019, 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 in the coming years. The report includes a discussion of the key vendors operating in this market.
Technavio Announces the Publication of its Research Report – Instrument Transformers Market in Americas 2015-2019
Technavio recognizes the following companies as the key players in the Instrument Transformers Market in Americas: ABB, Alstom Grid, Schneider Electrics and Siemens
Other Prominent Vendors in the market are: Bicron Electronics, Dongan Electric Manufacturing, Houston Transformer and Johnson Electric Coil
Commenting on the report, an analyst from Technavio’s team said: “The competitive landscape of the market has become more intense. Several vendors are developing advanced transformers with enhanced functionality to consolidate their existing market position. They are incorporating high-grade steel and copper to boost the manufacturing of high-end power transformers. Vendors are using high-grade raw materials to increase the lifespan and durability of transformers.”
According to the report, formerly installed instrument transformers have either exceeded or are nearing their effective life expectancy. Such conditions provide good prospects for the replacement market. There is a possibility that transformers may explode, if they fail at all, causing potential damage to other equipment, facilities, and their surrounding environment. Largely, the nature of the load has changed mainly because of the growth of the electronic equipment being used. Therefore, existing aged transformers should be replaced with new ones to ensure high power quality, improved efficiency, and to meet load demands. The failure of transformers will end up in a disastrous situation for the utility. This facilitates a steady market for replacement equipment and contributes to a major part of the overall market revenue.
Further, the report states that the commercialization of power-based electronics for isolating and controlling high voltage and high current will adversely affect the conventional instrument transformers technology and their manufacturers.
ABB, Alstom Grid, Schneider Electrics, Siemens, Bicron Electronics, Dongan Electric Manufacturing, Houston Transformer, Johnson Electric Coil