Instrument Transformer Market size Analysis:

Instrument Transformer Market size is expected to be valued at USD 12.5 Billion, with a CAGR of 2.1% Forecast by 2030

The rising transmission & distribution infrastructure investments are likely to be the most significant factor in expanding the global transformer market 2020. The market is estimated to be a very dynamic market is estimated to display exponential growth during the forecast period.

The constant developments made in the renewable energy sector is another factor that propels the market. The expansion of the market can be acknowledged to transformer systems operations, which is a very effective transmission and distribution equipment. The market is highly fragmented and witnessed a very competitive environment. The market players adopt several tactics to sustain market pressure.  Mergers and acquisition, partnership are few of the most used tactic. On the other hand, the expansion of the market can be hindered by the high capital cost of the transformer, and the hesitation of implementation among the authority.

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Drivers –

• Presence of numerous large and medium players in regional market

Opportunities

• New product launches and R&D amongst major key players

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Market Segmentation

By Rating

• Distribution Voltage
• Sub-Transmission Voltage
• High Voltage Transmission
• Extra High Voltage Transmission

By Enclosure Type

• Indoor Transformers
• Outdoor Transformers

By End-user

• Power Utilities
• Industries
• OEMS

By Region

• North America
• Europe
• Asia-Pacific
• Rest of the World

Instrument Transformer Market size – Competitive Analysis

Highly competitive, the instrument transformer market appears fragmented due to the presence of several well-established industry players. To gain a larger competitive share, industry players incorporate strategic initiatives such as mergers & acquisitions, collaboration, product launch, and expansion. 

Industry/ Innovation/ Related News

June 16, 2020 ----  Lightning Boy Audio (the US), a leading designer and manufacturer of audio transformers, launched the 2020 Instrument Transformer to help bridge the gap between FX pedals and studio gear. The 2020 instrument transformer requires no power supply to operate. The tonal effect becomes magnified when either multiple 2020s are added to the instrument's signal chain when one becomes saturated by a boost pedal.

KEY COMPANIES PROFILED

• ABB Group (Switzerland)
• Siemens Ltd. (Germany)
• General Electric Company (USA)
• Crompton Greaves Ltd. (India)
• Toshiba Corporation (Japan)
• Hyundai Heavy Industries Co., Ltd. (South Korea)
• Mitsubishi Electric Corporation (Japan)
• Hyosung Corporation (South Korea)
• Bharat Heavy Electricals Limited (India)
• Rakesh Transformer Industries Pvt. Ltd (India)
• JSHP Transformers (China)
• Synergy Transformers (India)
• Transformers & Rectifiers Ltd (India)
• PME Power Solutions Limited (India)
• SPX Transformer Solutions, Inc. (U.S.A)

Global Instrument Transformer Market size Share, By Region, 2018

• North America:
• Europe:
• Asia-Pacific:
• Rest of the World (RoW):