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Power Rental Market – OverviewInstrument transformers are electrical devices used to transform or isolate current or voltage levels with high accuracy. They are used in AC systems for measurement of electrical parameters such as current, voltage, energy, power factor, and frequency. These transformers are developed by making use of premium grade materials like copper wires terminal blocks and electrical steel lamination. Currently, the Instrument Transformer Market is in the growth stage. Increase in power consumption across the globe drives the growth of the market. Due to the development of the countries and the improvement in the standard of living, there is a higher demand for energy consumption. Hence, many countries around the world are expanding and upgrading their electric grid infrastructure, so as to fulfil the growing demand of power and margining of grid to form inter grid connection.
Industry Top Key Players:-
The prominent players in the global instrument transformer market include are 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), and SPX Transformer Solutions, Inc. (U.S.A).
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Market Research Analysis:-
Global instrument transformer market has been segmented based on rating, Enclosure Type, end-user and region. Based on rating, instrument transformer market has been divided into distribution voltage, sub-transmission voltage, high voltage transmission and extra high voltage transmission. Distribution voltage is expected to be the fastest growing rating segment of the market.
Based on end-user, instrument transformer market has been segmented into Power Utilities, Industries & OEMS, and Others. Power Utilities accounted for the largest market share. Utility sector defines a category of stocks of utilities such as power generation plants. The sector contains companies such as electric, gas and water firms, and integrated providers. Because utilities require significant infrastructure, these firms require heavy electrical equipment for efficient performance and production of the energy. The global growth in the conventional and non-conventional power plants are creating a huge scope for the transformer market development. Industrial transformer acts as a power transmission and distribution equipment in the utility sector, which step-up or set-down the current voltage as per the end-user requirement.
Market Segmentation:-
Based on Enclosure Type, instrument transformer market has been segmented into indoor transformers and outdoor transformers. Outdoor transformers dominates the enclosure type segment of the market. Rise in demand for long-distance power transmission in developing nations drives the demand of the Outdoor transformers. Indoor transformers are expected to contribute significantly during the forecast. Based on end-user, instrument transformer market has been segmented into power utilities, industries & OEMS, and others.
Major Points From Table Of Content;-
1 Executive Summary
2 Scope Of The Report
3 Market Landscape
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4 Market Dynamics
4.1 Introduction
4.2 Market Drivers
4.3 Market Restraints
4.4 Market Opportunities
4.5 Market Trends
Continued........
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