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Instrument Transformer Market statistics and research analysis released in latest report

This Instrument Transformer Market report is an exhaustive research on company’s active in INSTRUMENT TRANSFORMER MARKET sector, its applications, pro
Amit singh | 22.11.2017
Rising electricity demand coupled with growing concerns pertaining to grid stability in the recent years will augment the instrument transformer market. Soaring investments toward rural electrification along with refurbishment of existing grid infrastructure will further compelled authorities to integrate an effective monitoring and protection mechanism. Thereby, increasing network complexities across the grid infrastructure in association to the accruing peak electricity demand from consumers will comprehensively embellish the industry outlook.
Integration of smart monitoring and control units coupled with briskly expanding smart grid networks will drive the industry size. Leading market participants have consistently been investing toward the development of effective and energy efficient units. Henceforth, amplifying equipment precision to sustain the frequent voltage and current faults across electrical networks will substantially boost the product penetration.
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Current transformer over the years have gained significant penetration on account of their indispensable attribute to scale a large primary current into a smaller value. Product flexibility towards the measurement & protection of electrical networks coupled with ongoing enhancements to sustain an effective phase displacement and security factor will further thrust the industry growth. Rapid technological enhancements have moreover paved the way for potent digitization leading to higher product efficiencies which in turn will positively influence the business outlook.
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Auto transformer in 2016, accounted for over 50% of the global instrument transformer industry share. Voltage regulation and operational flexibility are some of the parameters which will boost the product penetration. System compactness, improved efficiency and competitive cost structure further augment the unit deployment when compared to the available alternatives. In addition, diversified applications along with increasing constraints toward energy efficiency will positively impact the business landscape.
Refurbishment of existing T&D networks adhered by growing space constraints have integrated a favourable business scenario across the indoor instrument transformer market. Flourishing real estate sector coupled with rapid industrialization across emerging markets will further stimulate the product demand. The developing economies on account of rampant expansion across T&D networks have laid comprehensive grounds for unit deployment in line with network safety and effective monitoring.
Reasons to Buy This Report:
1. Instrument Transformer Market size & share forecast by product & application 2017-2024
2. Growth drivers, pitfalls & industry challenges
3. Instrument Transformer Market growth opportunities & emerging business models
4. Competitive benchmarking with market share analysis and company profiles
Enactment of favourable regulatory framework to ameliorate the slumping small-scale industries across developing markets along with ongoing industrial expansion will foster the single-phase instrument transformer industry growth. Institution of a sustainable electrical infrastructure supported by reforms including subsidies, incentives, and leveraging schemes will further complement the business outlook.
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Ongoing proliferation across the global transportation industry in consideration to the expansion of rail and road networks to establish a sustainable supply chain mechanism will drive the pole mounted instrument transformer industry size. Emerging electricity markets across Asia Pacific and Africa in the recent years have laid immense focus towards utility based T&D network expansion. In addition, rising infrastructural investments from public and private aided financial institutions coupled with the current economic scenario across the regions will further embellish the industry landscape.
U.S. market is set to witness an annual installation over 4,000 units by 2024. The industry across the nation is extensively driven by ongoing refurbishment demand for existing grid infrastructure along with favourable regulatory measures to ensure grid sustainability. Rapid adoption of smart monitoring and control units along with rising infrastructural investments will further proliferate the industry growth.
High-scale industrial expansion coupled with rapid deployment of smart transformer units to sustain an effective demand side management will thrust the Germany market share. Stringent energy efficiency norms across the European sub-continent have compelled manufacturers to align their focus towards the development of cost competitive and effective transformer technologies. Furthermore, ongoing deployment of renewable technology to sustain the rising energy demand will further stimulate the product demand.
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