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Instrument Transformers Market - Global Industry Report, 2030

Instrument Transformer Market is driven by rise in investment in smart grids, including digitization of substations, smart meters and microgrid technologies and expansion of the renewable power generation capacity across the globe

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Instrument Transformers Market - Global Industry Report, 2030

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  1. Instrument Transformers Market Report Id : TMRGL35303 Category : Power Published Date: 2020-08-26

  2. About TMR TMR (Transparency Market Research) is a premier provider of syndicated research reports, custom research reports, and consulting services. We deliver a complete packaged solution, which combines current market intelligence, statistical anecdotes, technology inputs, valuable growth insights, aerial view of the competitive framework, and future market trends. We provide research services at a global as well as regional level; key regions include GCC, ASEAN, and BRIC. Our offerings cover a broad spectrum of industries including Chemicals, Materials, Energy, Technology, Healthcare, and Retail. We have a global presence with delivery centers across India specializing in providing global research reports and country research reports. TMR is headquartered out of London, U.K., with a state-of-the-art delivery center located in Pune, India. We combine our knowledge and learning from every corner of the world to distill it to one thing – the perfect solution for our client. Syndicated Research Consulting Services Energy & Natural Resources Procurement solutions Research Capabilities Heavy Engineering Equipment Food & Beverages Factory Automation Sector Coverage • Customized Research • Syndicated Research • Investment Research • Social Media Research Healthcare • Automotive & Transport • Chemicals & Materials • Consumer Goods & Services • Electronics & Semiconductors • Energy & Natural Resources • Factory Automation • Defense • Food & Beverages • Healthcare • IT & Telecom • Packaging • Pharmaceutical • Heavy Engineering Equipment Energy & Natural Resources Consumer Goods & Services Electronics & Semiconductors Defense Subscription Information For detailed subscription information please contact Website: www.transparencymarketresearch.com For sales queries or new topics email us on: sales@transparencymarketresearch.com Chemicals & Materials Automotive & Transport Packaging Pharmaceutical

  3. Research Methodology (1/2) Systematic Research Approach Research & Intelligence Data Collection Actionable Insights Data Filter & Analysis Business Solution Market profiling 1 2 Formulating discussion guide • Identifying key opinion leaders • Questionnaire design • In-depth interviews • Coverage across value chain 3 A Developing list of respondents Primary Research • Key industry experts • Channel study • Developments • Market dynamics • Products • Conclusions 4 Data collection SOLUTION B • Market participants • Key strengths • Product portfolio • Mapping as per value chain • Key focus segments 5 Desk Research Data validation 6 C • Paid Publications# • Secondary Research # Data analysis Primary Research # Company Analysis • Linkedin • Zoominfo • Salesforce • Avention • Company websites • Company annual reports • White papers • Financial reports • Factiva • GBI • Genios • Meltwater 7 Insights # includes sources of databases

  4. Instrument Transformers Market Analysis Instrument Transformers Market: Introduction In terms of value, the global instrument transformers market is anticipated to expand at a CAGR of 5.5% from 2020 to 2030 and cross a value of US$ 12 Bn by 2030. Asia Pacific led the global instrument transformers market in 2019, in terms of demand. This trend is anticipated to continue between 2020 and 2030. Rise in investment in smart grids, including digitization of substations, smart meters and microgrid technologies, is a key factor that is estimated to boost the global instrument transformers market in the near future. Instrument transformers play a vital role in power distribution and transmission network. The expansion of the renewable power generation capacity across the globe is estimated to drive the global instrument transformers market during the forecast period. Instrument Transformers Market: Prominent End Users Based on end use, the global instrument transformers market can be broadly classified into power & distribution industry, railways & metros, industrial, commercial, and others. The power & distribution industry is likely to be prime end user of the global instrument transformers market by 2030. Aging energy generation and distribution infrastructure is one of the major challenges faced by developed countries. The implementation of grid modernization initiatives by several economies has resulted in improved grid reliability, resiliency, and system efficiency. Trends such as modernization of power grid, electrification of rural areas and Tier3 cities, and development of smart cities are expected to boost the demand for instrument transformers in the near future. Request a Sample - https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=35303

  5. Instrument Transformers Market Analysis Instrument Transformers Market: Competition Landscape Major manufacturers of instrument transformers include ABB, General Electric, Schneider Electric SE, ARTECHE, NISSIN ELECTRIC Co. Ltd., and Siemens. A highly fragmented global instrument transformers market experienced intense competition from the unorganized sector in 2019. This trend is likely to continue during the forecast period. Industry leaders have been consistently investing in technological upgrade of instrument transformer models. For instance, in September 2019, General Electric launched SF6 free high-voltage solutions. The company aims for SF6-free high-voltage substation equipment to include all key high voltage levels by 2025.

  6. Instrument Transformers Market Analysis Asia Pacific to be Highly Lucrative Region of Instrument Transformers Market In terms of value, Asia Pacific held more than 30% share of the global instrument transformers market in 2019. China’s early containment of the pandemic is projected to augment the overall power sector in Asia Pacific through 2025. The upcoming railway and metro projects and steady growth in the renewable energy sector in India present immense potential for the instrument transformers market in the near future.

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