Magneto Optic Current Transformer Market

Magneto Optic Current Transformer Market studies the Magneto Optic Current Transformer market, by type (Fiber Type and Non Fiber Type), by application(Transformer, Power Systems and Instrumentations, Modern Electronic Meters, Transmission Line- Bus, Breaker-Or Distribution Schemes, Network Applications and Electrical High Voltage (EHV) Substations). The Magneto Optic Current Transformer (MOCT) measures the electric current by means of Faraday Effect, which was first observed by Michael Faraday 150 years ago. The Faraday Effect is the phenomenon that the orientation of polarized light rotates under the influence of the magnetic fields and the rotation angle is proportional to the strength of the magnetic field component in the direction of optical path. The Magneto Optic Current Transformer (MOCT) measures the rotation angle caused by the magnetic field and converts it into a signal of few volts proportional to the electric currant. It consist of a sensor head located near the current carrying conductor, an electronic signal processing unit and fiber optical cables linking to these two parts. The sensor head consist of only optical component such as fiber optical cables, lenses, polarizers, glass prisms, mirrors etc. the signal is brought down by fiber optical cables to the signal processing unit and there is no need to use the metallic wires to transfer the signal. Therefore the insulation structure of an MOCT is simpler than that of a conventional current transformer, and there is no risk of fire or explosion by the MOCT. In addition to the insulation benefits, MOCT is able to provide high immunity to electromagnetic interferences, wider frequency response, large dynamic range and low Productions which are compatible with the inputs of analog to digital converters. They are ideal for the interference between power systems and computer systems. And there is a growing interest in using MOCT to measure the electric currents.

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

Global Magneto Optic Current Transformer Market Revenue, 2017-2022, 2023-2028, ($ millions)

Global Magneto Optic Current Transformer Market Sales, 2017-2022, 2023-2028, (K Units)

Global top five Magneto Optic Current Transformer companies in 2021 (%)

The global Magneto Optic Current Transformer market was valued at 226.4 million in 2021 and is projected to reach US$ 384.1 million by 2028, at a CAGR of 7.8% during the forecast period.

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

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

The global key manufacturers of Magneto Optic Current Transformer include ABB, Profotech, The Trench, Arteche, NR Electric and T&D, etc. In 2021, the global top five players have a share approximately % in terms of revenue.

We surveyed the Magneto Optic Current 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 Magneto Optic Current Transformer Market, by Type, 2017-2022, 2023-2028 ($ Millions) & (K Units)

Global Magneto Optic Current Transformer Market Segment Percentages, by Type, 2021 (%)

Fiber Type

Non Fiber Type

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

Global Magneto Optic Current Transformer Market Segment Percentages, by Application, 2021 (%)

Transformer

Power Systems and Instrumentations

Modern Electronic Meters

Transmission Line- Bus

Breaker-Or Distribution Schemes

Others

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

Global Magneto Optic Current 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 Magneto Optic Current Transformer revenues in global market, 2017-2022 (Estimated), ($ millions)

Key companies Magneto Optic Current Transformer revenues share in global market, 2021 (%)

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

Key companies Magneto Optic Current Transformer sales share in global market, 2021 (%)

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

ABB

Profotech

The Trench

Arteche

NR Electric

T&D