The instrument transformers market is projected to grow at a CAGR of 4.35%, from 2017 to 2022
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The global market is set to witness a significant growth due to increasing emphasis on alternative energy production across the globe, refurbishment of aging infrastructure, and huge investments in smart grids and energy systems. Although some cost bearing constraints in the installation of instrument transformers are being observed, still emerging economies are expected to create better opportunities for the instrument transformers market. The delay in grid expansion is expected to be a major challenge for the growth in the instrument transformers market.
“The distribution voltage segment is expected to have the largest market share by 2022”
With regards to the voltage segment, the distribution voltage segment is expected to constitute the largest market by 2022. The distribution voltage has been considered between 0.72 kV and 36 kV in this report.
The Various Top key Instrument Transformers providers discussed in the report are given below:ABB, GE, Mitsubishi Electric, Schneider Electric, Siemens, Arteche, BHEL, CG Power, Nissin Electric, EMEK, Indian Transformers Company, Instrument Transformer Equipment, Konèar-Instrument Transformers, Pfiffner Instrument Transformers, Ritz Instrument Transformers
The global Instrument Transformers Market is estimated at USD 7.32 billion in 2017, Instrument Transformers Market is projected to grow at a CAGR of 4.35%to reach USD 9.06 billion by 2022. Get Direct order to Complete Report Copy on “Instrument Transformers market” spread across 171 pages, profiling 15 companies and supported with 99 tables and 48 figures is now available at http://www.rnrmarketresearch.com/contacts/purchase?rname=1295275
“Middle East: The fastest growing market for instrument transformers”
The instrument transformers market is projected to grow at a fast pace in the Middle East. This region is undergoing rapid electricity infrastructure development to maintain the demand-supply balance. Moreover, countries such as the UAE are investing heavily in diversifying their energy mix and are trying to tap into renewable sources. Qatar is set to be the host of the FIFA World Cup 2022 and the country needs to upgrade its infrastructure. The process of upgradation would create substantial opportunities for the suppliers of instrument transformers.
Instrument Transformers Market Target Audience is:
- Banks, Venture Capitalists, Financial Institutions, And Other Investors
- Companies Related To Electric Power Generation, Transmission, And Distribution
- Energy Associations
- Environment Associations
- Government And Industry Associations
- Government And Research Organizations
- Smart Grid Project Developers
- Instrument Transformer Component Manufacturers, Dealers, And Suppliers
- State And National Regulatory Authorities
- Substation Equipment Manufacturing Companies
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The report defines, describes, and forecasts the global instrument transformers market by type, voltage, dielectric medium, enclosure type, application, end-user, and region. It also offers a detailed qualitative and quantitative analysis of the market. The report provides a comprehensive review of the major market drivers, restraints, opportunities, challenges, winning imperatives, and key issues. It also covers various important aspects of the market.
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