Instrument Transformer Market

An instrument transformer is used to obtain measurements of voltage or current levels or both in different high-voltage/high-current systems such as in transmission or distribution lines or industries. An instrument transformer convert current or voltage from a high level to a very low level before passing it to measuring instruments, effectively isolating the measurement devices from the high voltage or current on the line.

Instrument Transformer Market contains market size and forecasts of Instrument Transformer in global, including the following market information:

Global Instrument Transformer Market Revenue, 2017-2022, 2023-2028, ($ millions)

Global Instrument Transformer Market Sales, 2017-2022, 2023-2028, (K Units)

Global top five Instrument Transformer companies in 2021 (%)

The global Instrument Transformer market was valued at 4601.6 million in 2021 and is projected to reach US$ 6932.4 million by 2028, at a CAGR of 6.0% during the forecast period.

The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.

Current Transformer Segment to Reach $ Million by 2028, with a % CAGR in next six years.

The global key manufacturers of Instrument Transformer include Siemens, ABB, GE, Arteche, Pfiffner, RITZ Instrument Transformers, Emek, Indian Transformers and Koncar, etc. In 2021, the global top five players have a share approximately % in terms of revenue.

We surveyed the Instrument Transformer manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.

Total Market by Segment:

Global Instrument Transformer Market, by Type, 2017-2022, 2023-2028 ($ Millions) & (K Units)

Global Instrument Transformer Market Segment Percentages, by Type, 2021 (%)

Current Transformer

Voltage Transformer

Others

Global Instrument Transformer Market, by Application, 2017-2022, 2023-2028 ($ Millions) & (K Units)

Global Instrument Transformer Market Segment Percentages, by Application, 2021 (%)

Electrical Power and Distribution

Metallurgy & Petrochemical

Construction

Others

Global Instrument Transformer Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions) & (K Units)

Global Instrument Transformer Market Segment Percentages, By Region and Country, 2021 (%)

North America

US

Canada

Mexico

Europe

Germany

France

U.K.

Italy

Russia

Nordic Countries

Benelux

Rest of Europe

Asia

China

Japan

South Korea

Southeast Asia

India

Rest of Asia

South America

Brazil

Argentina

Rest of South America

Middle East & Africa

Turkey

Israel

Saudi Arabia

UAE

Rest of Middle East & Africa

Competitor Analysis

The report also provides analysis of leading market participants including:

Key companies Instrument Transformer revenues in global market, 2017-2022 (Estimated), ($ millions)

Key companies Instrument Transformer revenues share in global market, 2021 (%)

Key companies Instrument Transformer sales in global market, 2017-2022 (Estimated), (K Units)

Key companies Instrument Transformer sales share in global market, 2021 (%)

Further, the report presents profiles of competitors in the market, key players include:

Siemens

ABB

GE

Arteche

Pfiffner

RITZ Instrument Transformers

Emek

Indian Transformers

Koncar

DYH

Dalian Beifang

China XD Group

Jiangsu Sieyuan

Shenyang Instrument Transformer

Hengyang Nanfang

Zhejiang Horizon