Reports

Instrument Transformer Market

Global Instrument Transformer Market Size, Trends, Report: By Type: Current Transformers, Potential Transformers, Combined Instrument Transformers; By Dielectric Medium: Liquid Dielectric Instrument Transformers, Others; By Voltage; By Enclosure Type; By End Use; Regional Analysis; Market Dynamics; Competitive Landscape; 2024-2032

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 2024-2032. The market is further expected to reach a value of nearly USD 14.80 billion by 2032.

Global Instrument Transformer Market

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

 

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

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

 

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

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

 

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 2023
Historical Period 2018-2023
Forecast Period 2024-2032
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.

 

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR 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    Opportunities and Challenges in the Market
8    Global Instrument Transformer Market Analysis
    8.1    Key Industry Highlights
    8.2    Global Instrument Transformer Historical Market (2018-2023) 
    8.3    Global Instrument Transformer Market Forecast (2024-2032)
    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 (2018-2023)
            8.4.1.3    Forecast Trend (2024-2032)
        8.4.2    Potential Transformers
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2018-2023)
            8.4.2.3    Forecast Trend (2024-2032)
            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 (2018-2023)
            8.4.3.3    Forecast Trend (2024-2032)
    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 (2018-2023)
            8.5.1.3    Forecast Trend (2024-2032)
        8.5.2    SF6 Gas Dielectric Instrument Transformers
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2018-2023)
            8.5.2.3    Forecast Trend (2024-2032)
        8.5.3    Solid Dielectric Instrument Transformers
            8.5.3.1    Market Share
            8.5.3.2    Historical Trend (2018-2023)
            8.5.3.3    Forecast Trend (2024-2032)
    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 (2018-2023)
            8.6.1.3    Forecast Trend (2024-2032)
        8.6.2    Sub-Transmission Voltage
            8.6.2.1    Market Share
            8.6.2.2    Historical Trend (2018-2023)
            8.6.2.3    Forecast Trend (2024-2032)
        8.6.3    High Voltage Transmission
            8.6.3.1    Market Share
            8.6.3.2    Historical Trend (2018-2023)
            8.6.3.3    Forecast Trend (2024-2032)
        8.6.4    Extra High Voltage Transmission
            8.6.4.1    Market Share
            8.6.4.2    Historical Trend (2018-2023)
            8.6.4.3    Forecast Trend (2024-2032)
        8.6.5    Ultra-High Voltage Transmission
            8.6.5.1    Market Share
            8.6.5.2    Historical Trend (2018-2023)
            8.6.5.3    Forecast Trend (2024-2032)
    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 (2018-2023)
            8.7.1.3    Forecast Trend (2024-2032)
        8.7.2    Outdoor Instrument Transformers
            8.7.2.1    Market Share
            8.7.2.2    Historical Trend (2018-2023)
            8.7.2.3    Forecast Trend (2024-2032)
    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 (2018-2023)
            8.8.1.3    Forecast Trend (2024-2032)
        8.8.2    Power Generation
            8.8.2.1    Market Share
            8.8.2.2    Historical Trend (2018-2023)
            8.8.2.3    Forecast Trend (2024-2032)
        8.8.3    Railways and Metros
            8.8.3.1    Market Share
            8.8.3.2    Historical Trend (2018-2023)
            8.8.3.3    Forecast Trend (2024-2032)
        8.8.4    Industries and OEMS
            8.8.4.1    Market Share
            8.8.4.2    Historical Trend (2018-2023)
            8.8.4.3    Forecast Trend (2024-2032) 
    8.9    Global Instrument Transformer Market by Region
        8.9.1    North America
            8.9.1.1    Market Share
            8.9.1.2    Historical Trend (2018-2023)
            8.9.1.3    Forecast Trend (2024-2032)
        8.9.2    Europe
            8.9.2.1    Market Share
            8.9.2.2    Historical Trend (2018-2023)
            8.9.2.3    Forecast Trend (2024-2032)
        8.9.3    Asia Pacific
            8.9.3.1    Market Share
            8.9.3.2    Historical Trend (2018-2023)
            8.9.3.3    Forecast Trend (2024-2032)
        8.9.4    Latin America
            8.9.4.1    Market Share
            8.9.4.2    Historical Trend (2018-2023)
            8.9.4.3    Forecast Trend (2024-2032)
        8.9.5    Middle East and Africa
            8.9.5.1    Market Share
            8.9.5.2    Historical Trend (2018-2023)
            8.9.5.3    Forecast Trend (2024-2032)
9    North America Instrument  Transformer Market Analysis
    9.1    United States of America
        9.1.1    Market Share
        9.1.2    Historical Trend (2018-2023)
        9.1.3    Forecast Trend (2024-2032)
    9.2    Canada
        9.2.1    Market Share
        9.2.2    Historical Trend (2018-2023)
        9.2.3    Forecast Trend (2024-2032)
10    Europe Instrument Transformer Market Analysis
    10.1    United Kingdom
        10.1.1    Market Share
        10.1.2    Historical Trend (2018-2023)
        10.1.3    Forecast Trend (2024-2032)
    10.2    Germany
        10.2.1    Market Share
        10.2.2    Historical Trend (2018-2023)
        10.2.3    Forecast Trend (2024-2032)
    10.3    France
        10.3.1    Market Share
        10.3.2    Historical Trend (2018-2023)
        10.3.3    Forecast Trend (2024-2032)
    10.4    Italy
        10.4.1    Market Share
        10.4.2    Historical Trend (2018-2023)
        10.4.3    Forecast Trend (2024-2032)
    10.5    Others
11    Asia Pacific Instrument Transformer Market Analysis
    11.1    China
        11.1.1    Market Share
        11.1.2    Historical Trend (2018-2023)
        11.1.3    Forecast Trend (2024-2032)
    11.2    Japan
        11.2.1    Market Share
        11.2.2    Historical Trend (2018-2023)
        11.2.3    Forecast Trend (2024-2032)
    11.3    India
        11.3.1    Market Share
        11.3.2    Historical Trend (2018-2023)
        11.3.3    Forecast Trend (2024-2032)
    11.4    ASEAN
        11.4.1    Market Share
        11.4.2    Historical Trend (2018-2023)
        11.4.3    Forecast Trend (2024-2032)
    11.5    Australia
        11.5.1    Market Share
        11.5.2    Historical Trend (2018-2023)
        11.5.3    Forecast Trend (2024-2032)
    11.6    Others
12    Latin America Instrument Transformer Market Analysis
    12.1    Brazil
        12.1.1    Market Share
        12.1.2    Historical Trend (2018-2023)
        12.1.3    Forecast Trend (2024-2032)
    12.2    Argentina
        12.2.1    Market Share
        12.2.2    Historical Trend (2018-2023)
        12.2.3    Forecast Trend (2024-2032)
    12.3    Mexico
        12.3.1    Market Share
        12.3.2    Historical Trend (2018-2023)
        12.3.3    Forecast Trend (2024-2032)
    12.4    Others
13    Middle East and Africa Instrument Transformer Market Analysis
    13.1    Saudi Arabia
        13.1.1    Market Share
        13.1.2    Historical Trend (2018-2023)
        13.1.3    Forecast Trend (2024-2032)
    13.2    United Arab Emirates
        13.2.1    Market Share
        13.2.2    Historical Trend (2018-2023)
        13.2.3    Forecast Trend (2024-2032)
    13.3    Iran
        13.3.1    Market Share
        13.3.2    Historical Trend (2018-2023)
        13.3.3    Forecast Trend (2024-2032)
    13.4    Turkey
        13.4.1    Market Share
        13.4.2    Historical Trend (2018-2023)
        13.4.3    Forecast Trend (2024-2032)
    13.5    Egypt
        13.5.1    Market Share
        13.5.2    Historical Trend (2018-2023)
        13.5.3    Forecast Trend (2024-2032)
    13.6    South Africa
        13.4.1    Market Share
        13.4.2    Historical Trend (2018-2023)
        13.4.3    Forecast Trend (2024-2032)
    13.7    Others
14    Market Dynamics
    14.1    SWOT Analysis
        14.1.1    Strengths
        14.1.2    Weaknesses
        14.1.3    Opportunities
        14.1.4    Threats
    14.2    Porter’s Five Forces Analysis
        14.2.1    Supplier’s Power
        14.2.2    Buyer’s Power
        14.2.3    Threat of New Entrants
        14.2.4    Degree of Rivalry
        14.2.5    Threat of Substitutes
    14.3    Key Indicators for Demand
    14.4    Key Indicators for Price
15    Value Chain Analysis
16    Competitive Landscape
    16.1    Market Structure
    16.2    Company Profiles
        16.2.1    Mitsubishi Electric Corporation
            16.2.1.1    Company Overview
            16.2.1.2    Product Portfolio
            16.2.1.3    Demographic Reach and Achievements
            16.2.1.4    Certifications
        16.2.2    CG Power and Industrial Solutions Limited
            16.2.2.1    Company Overview
            16.2.2.2    Product Portfolio
            16.2.2.3    Demographic Reach and Achievements
            16.2.2.4    Certifications
        16.2.3    Nissin Electric Co., Ltd
            16.2.3.1    Company Overview
            16.2.3.2    Product Portfolio
            16.2.3.3    Demographic Reach and Achievements
            16.2.3.4    Certifications
        16.2.4    R&S International Holding AG
            16.2.4.1    Company Overview
            16.2.4.2    Product Portfolio
            16.2.4.3    Demographic Reach and Achievements
            16.2.4.4    Certifications
        16.2.5    Schneider Electric SE
            16.2.5.1    Company Overview
            16.2.5.2    Product Portfolio
            16.2.5.3    Demographic Reach and Achievements
            16.2.5.4    Certifications
        16.2.6    Arteche Lantegi Elkartea SA
            16.2.6.1    Company Overview
            16.2.6.2    Product Portfolio
            16.2.6.3    Demographic Reach and Achievements
            16.2.6.4    Certifications
        16.2.7    Siemens Energy AG
            16.2.7.1    Company Overview
            16.2.7.2    Product Portfolio
            16.2.7.3    Demographic Reach and Achievements
            16.2.7.4    Certifications
        16.2.8    Others
17    Key Trends and  Developments in the Market


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), 2018-2023
3.    Global Instrument Transformer Market Forecast: Breakup by Type (USD Million), 2024-2032
4.    Global Instrument Transformer Historical Market: Breakup by Dielectric Medium (USD Million), 2018-2023
5.    Global Instrument Transformer Market Forecast: Breakup by Dielectric Medium (USD Million), 2024-2032
6.    Global Instrument Transformer Historical Market: Breakup by Voltage (USD Million), 2018-2023
7.    Global Instrument Transformer Market Forecast: Breakup by Voltage (USD Million), 2024-2032
8.    Global Instrument Transformer Historical Market: Breakup by Enclosure Type (USD Million), 2018-2023
9.    Global Instrument Transformer Market Forecast: Breakup by Enclosure Type (USD Million), 2024-2032
10.    Global Instrument Transformer Historical Market: Breakup by End Use (USD Million), 2018-2023
11.    Global Instrument Transformer Market Forecast: Breakup by End Use (USD Million), 2024-2032
12.    Global Instrument Transformer Historical Market: Breakup by Region (USD Million), 2018-2023
13.    Global Instrument Transformer Market Forecast: Breakup by Region (USD Million), 2024-2032
14.    North America Instrument Transformer Historical Market: Breakup by Country (USD Million), 2018-2023
15.    North America Instrument Transformer Market Forecast: Breakup by Country (USD Million), 2024-2032
16.    Europe Instrument Transformer Historical Market: Breakup by Country (USD Million), 2018-2023
17.    Europe Instrument Transformer Market Forecast: Breakup by Country (USD Million), 2024-2032
18.    Asia Pacific Instrument Transformer Historical Market: Breakup by Country (USD Million), 2018-2023
19.    Asia Pacific Instrument Transformer Market Forecast: Breakup by Country (USD Million), 2024-2032
20.    Latin America Instrument Transformer Historical Market: Breakup by Country (USD Million), 2018-2023
21.    Latin America Instrument Transformer Market Forecast: Breakup by Country (USD Million), 2024-2032
22.    Middle East and Africa Instrument Transformer Historical Market: Breakup by Country (USD Million), 2018-2023
23.    Middle East and Africa Instrument Transformer Market Forecast: Breakup by Country (USD Million), 2024-2032
24.    Global Instrument Transformer Market Structure

Key Questions Answered in the Report

What is the growth rate of the market?

The market is projected to grow at a CAGR of 7.1% between 2024 and 2032.

What are the major industry drivers?

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).

What are the key industry trends of the global instrument transformer market?

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

What are the major regional markets of instrument transformer, according to the EMR report?

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

What are the types of instrument transformer in the market?

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

What are the segments based on dielectric medium in the market?

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

What are the different voltages in the market?

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

What are the segments based on enclosure type in the market?

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

What is the end-use of the market?

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

Who are the key industry players, according to the report?

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 2024-2032, 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.

Purchase Full Report

Mini Report

$1699
  • Selected Sections, One User
  • Printing Not Allowed
  • Email Delivery in PDF
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update
Buy Now

Single User License

$2799
  • All Sections, One User
  • One Print Allowed
  • Email Delivery in PDF
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update
Buy Now
most popular

Five User License

$3999
  • All Sections, Five Users
  • Five Prints Allowed
  • Email Delivery in PDF
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update
Buy Now

Corporate License

$4999
  • All Sections, Unlimited Users
  • Unlimited Prints Allowed
  • Email Delivery in PDF + Excel
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update
Buy Now

Any Question? Speak With An Analyst

Contact Analyst

View A Sample

Request Sample

Did You Miss Anything, Ask Now

Request Customisation
Why Expert Market Research?

Right People

We are technically excellent, strategic, practical, experienced and efficient; our analysts are hand-picked based on having the right attributes to work successfully and execute projects based on your expectations.

Right Methodology

We leverage our cutting-edge technology, our access to trusted databases, and our knowledge of the current models used in the market to deliver you research solutions that are tailored to your needs and put you ahead of the curve.

Right Price

We deliver in-depth and superior quality research in prices that are reasonable, unmatchable, and shows our understanding of your resource structure. We, additionally, offer attractive discounts on our upcoming reports.

Right Support

Our team of expert analysts are at your beck and call to deliver you optimum results that are customised to meet your precise needs within the specified timeframe and help you form a better understanding of the industry.

NEWSLETTER