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Global Instrument Transformer Market: By Type: Current Transformers, Potential Transformers, Combined Instrument Transformers; By Dielectric Medium; By Voltage; By Enclosure Type; By End Use; Regional Analysis; Historical Market and Forecast (2017-2027); Competitive Landscape; Industry Events and Developments

Global Instrument Transformer Market Outlook

The global instrument transformer market is anticipated to grow at a CAGR of 7.1% during the forecast period of 2022-2027. The market is further expected to reach a value of nearly USD 10.5 billion by 2027.

Global Instrument Transformer Market

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Market Segmentation

Instrument transformers are high accuracy class electrical equipment used in the AC system for the measurement of electrical quantities like voltage, power, current, etc. They are used with protective relays for the protection of the power system.

 

Global Instrument Transformer Market By End Use

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The global instrument transformers industry can be broadly categorised based on its types, dielectric medium, voltage, enclosure-types, end-users, and regions.

  • Type:
    • Current Transformers 
    • Potential Transformers 
      • Inductive Potential Transformers
      • Capacitive Potential Transformers
    • Combined Instrument Transformers
  • Dielectric Medium: 
    • Liquid Dielectric Instrument Transformers 
    • SF6 Gas Dielectric Instrument Transformers 
    • Solid Dielectric Instrument Transformers
  • Voltage:
    • Distribution Voltage 
    • Sub-Transmission Voltage 
    • High Voltage Transmission 
    • Extra High Voltage Transmission 
    • Ultra-High Voltage Transmission
  • Enclosure-Type:
    • Indoor Instrument Transformers 
    • Outdoor Instrument Transformers
  • End-User:
    • Power Utilities 
    • Power Generation 
    • Railways and Metros 
    • Industries and OEMs

The EMR report looks into the regional instrument transformer markets like North America, Latin America, Europe, the Middle East and Africa, and the Asia Pacific.

 

Global Instrument Transformer Market By Region

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Market Analysis

With the rapid technological advancements, the instrument transformer market is witnessing a steady growth. The leading manufacturers are focusing on the development of highly reliable instrument transformers by integrating advanced technologies and superior insulating materials to facilitate better measurement of excitation levels, turn-ratios, and voltage and current accuracy, enabling end-users to detect the possibility of faults in it. Moreover, the rising investment to develop smart grids, which are further compatible with renewable energy, is leading to the increased innovation in technology, particularly in developed countries. The increasing investment in electrical power systems will be a major driving force in the instrument transformer market. With such technological advancements, the cost of renewable energy technology is decreasing, drawing substantial investment in solar and wind power plants. Some power plants and microgrids for renewable energy use substation equipment such as switchgear, power transformers, and metering equipment. As it is impossible to connect secure relays and metering equipment directly to the main transmission lines, in order to protect electrical equipment, instrument transformers are used for measuring devices and safety relays, which is expected to aid the industry growth further.

 

Competitive Landscape

The report presents a detailed analysis of the following key players in the global instrument transformer market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:

  • Mitsubishi Electric Corporation
  • CG Power and Industrial Solutions Limited
  • Nissin Electric Co., Ltd
  • R&S International Holding AG
  • Schneider Electric SE
  • Nissin Electric Co., Ltd.
  • Bharat Heavy Electricals Limited
  • Others

The EMR report gives an in-depth insight into the instrument transformer market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.

 

REPORT FEATURES DETAILS
Base Year 2021
Historical Period 2017-2021
Forecast Period 2022-2027
Scope of the Report Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Type, Dielectric Medium, Voltage, Enclosure Type, Application, End Use, Region
Breakup by Type Current Transformers, Potential Transformers, Combined Instrument Transformers
Breakup by Dielectric Medium Liquid Dielectric Instrument Transformers, SF6 Gas Dielectric Instrument Transformers, Solid Dielectric Instrument Transformers
Breakup by Voltage Distribution Voltage, Sub-Transmission Voltage, High Voltage Transmission, Extra High Voltage Transmission, Ultra-High Voltage Transmission
Breakup by Enclosure Type Indoor Instrument Transformers, Outdoor Instrument Transformers
Breakup by End Use Power Utilities, Power Generation, Railways & Metros, Industries & OEMS
Breakup by Region North America, Europe, Asia Pacific, Latin America, Middle East and Africa
Market Dynamics SWOT, Porter's Five Forces, Key Indicators for Price and Demand
Competitive Landscape Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications
Companies Covered Schneider Electric SE, Siemens AG, Arteche, Mitsubishi Electric Corporation, CG Power and Industrial Solutions Limited, Nissin Electric Co., Ltd., Bharat Heavy Electricals Limited, Others
Report Price and Purchase Option Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

 

*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Snapshot
    6.1    Global
    6.2    Regional
7    Industry Opportunities and Challenges
8    Global Instrument Transformer Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Instrument Transformer Historical Market (2017-2021) 
    8.3    Global Instrument Transformer Market Forecast (2022-2027)
    8.4    Global Instrument Transformer Market by Type
        8.4.1    Current Transformers
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2017-2021)
            8.4.1.3    Forecast Trend (2022-2027)
        8.4.2    Potential Transformers
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2017-2021)
            8.4.2.3    Forecast Trend (2022-2027)
            8.4.2.4    Potential Transformers by Type
                8.4.2.4.1    Inductive Potential Transformers
                8.4.2.4.2    Capacitive Potential Transformers
        8.4.3    Combined Instrument Transformers
            8.4.3.1    Market Share
            8.4.3.2    Historical Trend (2017-2021)
            8.4.3.3    Forecast Trend (2022-2027)
    8.5    Global Instrument Transformer Market by Dielectric Medium
        8.5.1    Liquid Dielectric Instrument Transformers
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2017-2021)
            8.5.1.3    Forecast Trend (2022-2027)
        8.5.2    SF6 Gas Dielectric Instrument Transformers
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2017-2021)
            8.5.2.3    Forecast Trend (2022-2027)
        8.5.3    Solid Dielectric Instrument Transformers
            8.5.3.1    Market Share
            8.5.3.2    Historical Trend (2017-2021)
            8.5.3.3    Forecast Trend (2022-2027)
    8.6    Global Instrument Transformer Market by Voltage
        8.6.1    Distribution Voltage
            8.6.1.1    Market Share
            8.6.1.2    Historical Trend (2017-2021)
            8.6.1.3    Forecast Trend (2022-2027)
        8.6.2    Sub-Transmission Voltage
            8.6.2.1    Market Share
            8.6.2.2    Historical Trend (2017-2021)
            8.6.2.3    Forecast Trend (2022-2027)
        8.6.3    High Voltage Transmission
            8.6.3.1    Market Share
            8.6.3.2    Historical Trend (2017-2021)
            8.6.3.3    Forecast Trend (2022-2027)
        8.6.4    Extra High Voltage Transmission
            8.6.4.1    Market Share
            8.6.4.2    Historical Trend (2017-2021)
            8.6.4.3    Forecast Trend (2022-2027)
        8.6.5    Ultra-High Voltage Transmission
            8.6.5.1    Market Share
            8.6.5.2    Historical Trend (2017-2021)
            8.6.5.3    Forecast Trend (2022-2027)
    8.7    Global Instrument Transformer Market by Enclosure Type
        8.7.1    Indoor Instrument Transformers
            8.7.1.1    Market Share
            8.7.1.2    Historical Trend (2017-2021)
            8.7.1.3    Forecast Trend (2022-2027)
        8.7.2    Outdoor Instrument Transformers
            8.7.2.1    Market Share
            8.7.2.2    Historical Trend (2017-2021)
            8.7.2.3    Forecast Trend (2022-2027)
    8.8    Global Instrument Transformer Market by End Use
        8.8.1    Power Utilities
            8.8.1.1    Market Share
            8.8.1.2    Historical Trend (2017-2021)
            8.8.1.3    Forecast Trend (2022-2027)
        8.8.2    Power Generation
            8.8.2.1    Market Share
            8.8.2.2    Historical Trend (2017-2021)
            8.8.2.3    Forecast Trend (2022-2027)
        8.8.3    Railways and Metros
            8.8.3.1    Market Share
            8.8.3.2    Historical Trend (2017-2021)
            8.8.3.3    Forecast Trend (2022-2027)
        8.8.4    Industries and OEMS
            8.8.4.1    Market Share
            8.8.4.2    Historical Trend (2017-2021)
            8.8.4.3    Forecast Trend (2022-2027)
    8.10    Global Instrument Transformer Market by Region
        8.10.1    Market Share
            8.10.1.1    North America
            8.10.1.2    Europe
            8.10.1.3    Asia Pacific
            8.10.1.4    Latin America
            8.10.1.5    Middle East and Africa
9    Regional Analysis
    9.1    North America
        9.1.1    Historical Trend (2017-2021)
        9.1.2    Forecast Trend (2022-2027)
        9.1.3    Breakup by Country
            9.1.3.1    United States of America 
            9.1.3.2    Canada
    9.2    Europe
        9.2.1    Historical Trend (2017-2021)
        9.2.2    Forecast Trend (2022-2027)
        9.2.3    Breakup by Country 
            9.2.3.1    United Kingdom
            9.2.3.2    Germany
            9.2.3.3    France
            9.2.3.4    Italy
            9.2.3.5    Others
    9.3    Asia Pacific
        9.3.1    Historical Trend (2017-2021)
        9.3.2    Forecast Trend (2022-2027)
        9.3.3    Breakup by Country
            9.3.3.1    China
            9.3.3.2    Japan
            9.3.3.3    India
            9.3.3.4    ASEAN
            9.3.3.5    Australia
            9.3.3.6    Others
    9.4    Latin America
        9.4.1    Historical Trend (2017-2021)
        9.4.2    Forecast Trend (2022-2027)
        9.4.3    Breakup by Country
            9.4.3.1    Brazil
            9.4.3.2    Argentina
            9.4.3.3    Mexico
            9.4.3.4    Others
    9.5    Middle East and Africa
        9.5.1    Historical Trend (2017-2021)
        9.5.2    Forecast Trend (2022-2027)
        9.5.3    Breakup by Country
            9.5.3.1    Saudi Arabia
            9.5.3.2    United Arab Emirates
            9.5.3.3    Iran
            9.5.3.4    Turkey
            9.5.3.5    Egypt
            9.5.3.6    South Africa
            9.5.3.7    Others
10    Market Dynamics
    10.1    SWOT Analysis
        10.1.1    Strengths
        10.1.2    Weaknesses
        10.1.3    Opportunities
        10.1.4    Threats
    10.2    Porter’s Five Forces Analysis
        10.2.1    Supplier’s Power
        10.2.2    Buyer’s Power
        10.2.3    Threat of New Entrants
        10.2.4    Degree of Rivalry
        10.2.5    Threat of Substitutes
    10.3    Key Indicators for Demand
    10.4    Key Indicators for Price
11    Value Chain Analysis
12    Competitive Landscape

    12.1    Market Structure
    12.2    Company Profiles
        12.2.1    Mitsubishi Electric Corporation
            12.2.1.1    Company Overview
            12.2.1.2    Product Portfolio
            12.2.1.3    Demographic Reach and Achievements
            12.2.1.4    Certifications
        12.2.2    CG Power and Industrial Solutions Limited
            12.2.2.1    Company Overview
            12.2.2.2    Product Portfolio
            12.2.2.3    Demographic Reach and Achievements
            12.2.2.4    Certifications
        12.2.3    Nissin Electric Co., Ltd
            12.2.3.1    Company Overview
            12.2.3.2    Product Portfolio
            12.2.3.3    Demographic Reach and Achievements
            12.2.3.4    Certifications
        12.2.4    R&S International Holding AG
            12.2.4.1    Company Overview
            12.2.4.2    Product Portfolio
            12.2.4.3    Demographic Reach and Achievements
            12.2.4.4    Certifications
        12.2.5    Schneider Electric SE
            12.2.5.1    Company Overview
            12.2.5.2    Product Portfolio
            12.2.5.3    Demographic Reach and Achievements
            12.2.5.4    Certifications
        12.2.6    Arteche Lantegi Elkartea SA
            12.2.6.1    Company Overview
            12.2.6.2    Product Portfolio
            12.2.6.3    Demographic Reach and Achievements
            12.2.6.4    Certifications
        12.2.7    Siemens Energy AG
            12.2.7.1    Company Overview
            12.2.7.2    Product Portfolio
            12.2.7.3    Demographic Reach and Achievements
            12.2.7.4    Certifications
        12.2.8    Others
13    Industry Events and Developments


List of Key Figures and Tables

1.    Global Instrument Transformer Market: Key Industry Highlights, 2017 and 2027
2.    Global Instrument Transformer Historical Market: Breakup by Type (USD Million), 2017-2021
3.    Global Instrument Transformer Market Forecast: Breakup by Type (USD Million), 2022-2027
4.    Global Instrument Transformer Historical Market: Breakup by Dielectric Medium (USD Million), 2017-2021
5.    Global Instrument Transformer Market Forecast: Breakup by Dielectric Medium (USD Million), 2022-2027
6.    Global Instrument Transformer Historical Market: Breakup by Voltage (USD Million), 2017-2021
7.    Global Instrument Transformer Market Forecast: Breakup by Voltage (USD Million), 2022-2027
8.    Global Instrument Transformer Historical Market: Breakup by Enclosure Type (USD Million), 2017-2021
9.    Global Instrument Transformer Market Forecast: Breakup by Enclosure Type (USD Million), 2022-2027
10.    Global Instrument Transformer Historical Market: Breakup by End Use (USD Million), 2017-2021
11.    Global Instrument Transformer Market Forecast: Breakup by End Use (USD Million), 2022-2027
12.    Global Instrument Transformer Historical Market: Breakup by Region (USD Million), 2017-2021
13.    Global Instrument Transformer Market Forecast: Breakup by Region (USD Million), 2022-2027
14.    North America Instrument Transformer Historical Market: Breakup by Country (USD Million), 2017-2021
15.    North America Instrument Transformer Market Forecast: Breakup by Country (USD Million), 2022-2027
16.    Europe Instrument Transformer Historical Market: Breakup by Country (USD Million), 2017-2021
17.    Europe Instrument Transformer Market Forecast: Breakup by Country (USD Million), 2022-2027
18.    Asia Pacific Instrument Transformer Historical Market: Breakup by Country (USD Million), 2017-2021
19.    Asia Pacific Instrument Transformer Market Forecast: Breakup by Country (USD Million), 2022-2027
20.    Latin America Instrument Transformer Historical Market: Breakup by Country (USD Million), 2017-2021
21.    Latin America Instrument Transformer Market Forecast: Breakup by Country (USD Million), 2022-2027
22.    Middle East and Africa Instrument Transformer Historical Market: Breakup by Country (USD Million), 2017-2021
23.    Middle East and Africa Instrument Transformer Market Forecast: Breakup by Country (USD Million), 2022-2027
24.    Global Instrument Transformer Market Structure

Key Questions Answered in the Report

The market is projected to grow at a CAGR of 7.1% between 2022 and 2027.

The major drivers of the market include the increased adoption of renewable energy and smart monitoring units, rising investment to develop smart grids, technological advancements, and the increasing significance of instrument transformers’ condition-based monitoring (CBM).

Rising demand for electricity and the growing concerns regarding grid stability are the key industry trends propelling the market's growth.

The major regions in the industry are North America, Latin America,  Middle East and Africa, Europe, and  Asia Pacific.

The instrument transformer market can be divided based on its type as current transformers, potential transformers, and combined instrument transformers.

Based on dielectric medium, the market is divided into liquid dielectric instrument transformers, SF6 gas dielectric instrument transformers, and solid dielectric instrument transformers.

The voltages are divided into distribution voltage, sub-transmission voltage, high voltage transmission, extra high voltage transmission, and ultra-high voltage transmission.

On the basis of enclosure type, the market is divided into indoor instrument transformers and outdoor instrument transformers.

The end-use of the market includes power utilities, power generation, railways and metros, and industries and OEMs.

The major players in the industry are Schneider Electric SE, Siemens, AG, Arteche, Mitsubishi Electric Corporation, CG Power and Industrial Solutions Limited, Nissin Electric Co., Ltd., and Bharat Heavy Electricals Limited, among others.

Analyst Review

The global instrument transformer market has been driven by the rising demand for electricity. Aided by growing concerns regarding grid stability and increased adoption of renewable energy and smart monitoring units, the market is expected to witness further growth in the forecast period of 2022-2027, growing at a CAGR of 7.1%.

EMR's meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. The instrument transformer market can be divided based on its type as current transformers, potential transformers, and combined instrument transformers. Based on dielectric medium, the market is divided into liquid dielectric instrument transformers, SF6 gas dielectric instrument transformers, and solid dielectric instrument transformers. The voltages are divided into distribution voltage, sub-transmission voltage, high voltage transmission, extra high voltage transmission, and ultra-high voltage transmission. On the basis of enclosure type, the market is divided into indoor instrument transformers and outdoor instrument transformers. The end use of the market includes power utilities, power generation, railways and metros, and industries and OEMs. The major regional markets for instrument transformer market are North America, Europe, Asia Pacific, Latin America, and  Middle East and Africa. The major players in the industry are Schneider Electric SE, Siemens, AG, Arteche, Mitsubishi Electric Corporation, CG Power and Industrial Solutions Limited, Nissin Electric Co., Ltd., and Bharat Heavy Electricals Limited, among others.

EMR's research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable and help them remain ahead of their competition.

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