Instrument Transformer Market Size & Share, by Type (Current Transformer, Voltage Transformer); Application (Transformer, Circuit Breaking, Relaying, Voltage Metering, Protection); End-user (Industrial, Utility) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2023-2035

  • Report ID: 3608
  • Published Date: Mar 24, 2023
  • Report Format: PDF, PPT

Companies Dominating the Instrument Transformer Landscape

top-features-companies
    • PFIFFNER Instrument Transformers Ltd.
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • Arteche Lantegi Elkartea SA
    • Siemens AG
    • ABB Ltd.
    • CG Power and Industrial Solutions Limited
    • Mitsubishi Electric Corporation
    • Instrument Transformer Equipment Corporation, Inc.
    • Nissin Electric Co., Ltd.
    • Bharat Heavy Electricals Limited
    • Raychem RPG Pvt. Ltd.

Browse Key Market Insights with Data Illustration:

In-the-news

In The News

  • PFIFFNER Instrument Transformers Ltd. and KLOVERTEL Private Limited together successfully achieved the supply, installation, testing, commissioning, and operation of a 500 kV DC Voltage Divider under COVID-19 situations.

  •  Hitachi Energy Ltd. or ABB Ltd. received an order worth USD 23 million to power electric freight locomotives for Indian railways.


Author Credits:  Payel Roy, Dhruv Bhatia


  • Report ID: 3608
  • Published Date: Mar 24, 2023
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

The various advantages of instrument transformers along with advancements in technology and the rising adoption of smart grids are the major factors driving the market growth.

The market is anticipated to attain a CAGR of 7% over the forecast period, i.e., 2023-2035.

Growing competition from unorganized transformer manufacturers and technological problems with transmission lines are estimated to be the growth hindering factors for the market expansion.

The market in the Asia Pacific region is projected to hold the largest market share by the end of 2035 and provide more business opportunities in the future.

The major players in the market are PFIFFNER Instrument Transformers Ltd., Arteche Lantegi Elkartea SA, Siemens AG, ABB Ltd., CG Power and Industrial Solutions Limited, Mitsubishi Electric Corporation, Instrument Transformer Equipment Corporation, Inc., Nissin Electric Co., Ltd., Bharat Heavy Electricals Limited, Raychem RPG Pvt. Ltd., and others.

The company profiles are selected based on the revenues generated from the product segment, geographical presence of the company which determine the revenue generating capacity as well as the new products being launched into the market by the company.

The market is segmented by type, application, end-user, and by region.

The utility segment is anticipated to garner the largest market size by the end of 2035 and display significant growth opportunities.
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