Instrument Transformer Market Research Report- Forecast 2027

Instrument Transformer Market Information Report by Rating (Distribution Voltage, Sub-Transmission Voltage, High Voltage Transmission and Extra High Voltage Transmission), By Enclosure Type (Indoor Transformers and Outdoor Transformers) and End-user (Power Utilities, Industries & OEMS, and Others), by Regions - Global Forecast To 2027

ID: MRFR/E&P/3960-HCR | February, 2021 | Region : Global

Instrument Transformer Market Scenario:


Instrument transformer market is expected to grow at a CAGR of 2.1% during the forecast period.


Global instrument transformer market appears to be highly fragmented and competitive, owing to the presence of numerous large and medium players in regional market. The key strategies traced from the analysis of recent developments of the key players include Product Launch, Agreement & Partnership, Acquisition and expansion. Strategic partnerships between Key players support the growth and expansion plans of the key players during the forecast period. On the product and sales side, companies are investing in innovation/R&D, brand building, and fostering strong relationships with customers to support their competitive position. Manufacturers operating in the market strive to deliver innovative solutions that improve the design and manufacturing processes of business around the world. Focusing upon the competitive edge, instrument transformer manufacturers strive to develop products that can deliver optimal efficient, convenience and reliability. Utilizing their international and regional presence, these manufacturers assure their customers with the consistency in product & service quality. Manufacturers strive to develop their product portfolio with a wide range of instrument transformer for every application.


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).


On the basis of regions, global instrument transformer market is segmented as North America, Europe, Asia Pacific and Rest of the World (RoW). Asia Pacific region dominates the global instrument transformer market. The continuous need to update and upgrade existing distribution infrastructure to serve the growing demand for electricity, will lead to high growth of the instrument transformer market over the forecast period.  In the emerging economies of Asia Pacific, extensive power plant capacity additions, economic growth, and the need to improve access to electricity, are driving grid expansion and the instrument transformer market. China, Japan, India, Australia and Indonesia are the major markets in Asia Pacific. China accounts for the largest market share in the Asia Pacific region, mainly due to rapid growth in urbanization and industrial development.


Europe is the second largest market for the instrument transformer. It is expected to witness phenomenal growth during the forecast period, owing to the expansion of the market through rise in the industrial growth, aging infrastructure. This leads to investment in smart grids, rising production of electricity and growing demand for green energy. North America is another major market for instrument transformer. It is expected to contribute significantly during the forecast period. U.S is one of the leading countries in overall transformer shipments around the world. As the economy of U.S. is witnessing humongous growth due to phenomenal industrialization and urbanization, the country is expected to hold the largest share in the global instrument transformer market.


For the purpose of study, 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 as 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 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.


Market Segmentation


 Market Segmentation


The report for Global Instrument Transformer Market of Market Research Future comprises extensive primary research findings along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain deeper insight into the market and industry performance. The report gives a clear picture of current market scenario, which includes historical and projected market size in terms of value, technological advancement, macro economical and governing factors in the market. The report provides detailed information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.


Instrument 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.

Table Of Content

1 Executive Summary

2 Scope of the Report

2.1 Market Definition

2.2 Scope of the Study

2.2.1 Definition

2.2.2 Research Objective

2.2.3 Assumptions

2.2.4 Limitations

2.3 Research Process

2.3.1 Primary Research

2.3.2 Secondary Research

2.4 Market size Estimation

2.5 Forecast Model

3 Market Landscape

3.1 Porter’s Five Forces Analysis

3.1.1 Threat of New Entrants

3.1.2 Bargaining power of buyers

3.1.3 Bargaining power of suppliers

3.1.4 Threat of substitutes

3.1.5 Segment rivalry

3.2 Value Chain/Supply Chain Analysis

4 Market Dynamics

4.1 Introduction

4.2 Market Drivers

4.3 Market Restraints

4.4 Market Opportunities

4.5 Market Trends

5 Global Instrument Transformer Market, By Enclosure Type

5.1 Introduction

5.2 Indoor Transformers

5.2.1 Market Estimates & Forecast, 2020-2027

5.2.2 Market Estimates & Forecast by Region, 2020-2027

5.3 Outdoor Transformers

5.3.1 Market Estimates & Forecast, 2020-2027

5.3.2 Market Estimates & Forecast by Region, 2020-2027

6 Global Instrument Transformer Market, By Rating

6.1 Introduction

6.2 Distribution Voltage

6.2.1 Market Estimates & Forecast, 2020-2027

6.2.2 Market Estimates & Forecast by Region, 2020-2027

6.3 Sub-Transmission Voltage

6.3.1 Market Estimates & Forecast, 2020-2027

6.3.2 Market Estimates & Forecast by Region, 2020-2027

6.4 High Voltage Transmission

6.4.1 Market Estimates & Forecast, 2020-2027

6.4.2 Market Estimates & Forecast by Region, 2020-2027

6.5 Extra High Voltage Transmission

6.5.1 Market Estimates & Forecast, 2020-2027

6.5.2 Market Estimates & Forecast by Region, 2020-2027

6.6 Others

6.6.1 Market Estimates & Forecast, 2020-2027

6.6.2 Market Estimates & Forecast by Region, 2020-2027

7 Global Instrument Transformer Market, By End-user

7.1 Introduction

7.2 Power Utilities

7.2.1 Market Estimates & Forecast, 2020-2027

7.2.2 Market Estimates & Forecast by Region, 2020-2027

7.3 Industries & OEMS

7.3.1 Market Estimates & Forecast, 2020-2027

7.3.2 Market Estimates & Forecast by Region, 2020-2027

7.3 Others

7.3.1 Market Estimates & Forecast, 2020-2027

7.3.2 Market Estimates & Forecast by Region, 2020-2027

8 Global Instrument Transformer Market, By Region

8.1 Introduction

8.2 North America

8.2.1 Market Estimates & Forecast, 2020-2027

8.2.2 Market Estimates & Forecast by Enclosure Type, 2020-2027

8.2.3 Market Estimates & Forecast by Rating, 2020-2027

8.2.4 Market Estimates & Forecast by End-user, 2020-2027

8.2.5 The U.S

8.2.5.1 Market Estimates & Forecast, 2020-2027

8.2.5.2 Market Estimates & Forecast by Enclosure Type, 2020-2027

8.2.5.3 Market Estimates & Forecast by Rating, 2020-2027

8.2.5.4 Market Estimates & Forecast by End-user, 2020-2027

8.2.6 Canada

8.2.6.1 Market Estimates & Forecast, 2020-2027

8.2.6.2 Market Estimates & Forecast by Enclosure Type, 2020-2027

8.2.6.3 Market Estimates & Forecast by Rating, 2020-2027

8.2.6.4 Market Estimates & Forecast by End-user, 2020-2027

8.3 Europe

8.3.1 Market Estimates & Forecast, 2020-2027

8.3.2 Market Estimates & Forecast by Enclosure Type, 2020-2027

8.3.3 Market Estimates & Forecast by Rating, 2020-2027

8.3.4 Market Estimates & Forecast by End-user, 2020-2027

8.3.5 U.K

8.3.5.1 Market Estimates & Forecast, 2020-2027

8.3.5.2 Market Estimates & Forecast by Enclosure Type, 2020-2027

8.3.5.3 Market Estimates & Forecast by Rating, 2020-2027

8.3.5.4 Market Estimates & Forecast by End-user, 2020-2027

8.3.6 Germany

8.3.6.1 Market Estimates & Forecast, 2020-2027

8.3.6.2 Market Estimates & Forecast by Enclosure Type, 2020-2027

8.3.6.3 Market Estimates & Forecast by Rating, 2020-2027

8.3.6.4 Market Estimates & Forecast by End-user, 2020-2027

8.3.7 France

8.3.7.1 Market Estimates & Forecast, 2020-2027

8.3.7.2 Market Estimates & Forecast by Enclosure Type, 2020-2027

8.3.7.3 Market Estimates & Forecast by Rating, 2020-2027

8.3.7.4 Market Estimates & Forecast by End-user, 2020-2027

8.3.8 Italy

8.3.8.1 Market Estimates & Forecast, 2020-2027

8.3.8.2 Market Estimates & Forecast by Enclosure Type, 2020-2027

8.3.8.3 Market Estimates & Forecast by Rating, 2020-2027

8.3.8.4 Market Estimates & Forecast by End-user, 2020-2027

8.3.9 Rest of Europe

8.3.9.1 Market Estimates & Forecast, 2020-2027

8.3.9.2 Market Estimates & Forecast by Enclosure Type, 2020-2027

8.3.9.3 Market Estimates & Forecast by Rating, 2020-2027

8.3.9.4 Market Estimates & Forecast by End-user, 2020-2027

8.4 Asia Pacific

8.4.1 Market Estimates & Forecast, 2020-2027

8.4.2 Market Estimates & Forecast by Enclosure Type, 2020-2027

8.4.3 Market Estimates & Forecast by Rating, 2020-2027

8.4.4 Market Estimates & Forecast by End-user, 2020-2027

8.4.5 China

8.4.5.1 Market Estimates & Forecast, 2020-2027

8.4.5.2 Market Estimates & Forecast by Enclosure Type, 2020-2027

8.4.5.3 Market Estimates & Forecast by Rating, 2020-2027

8.4.5.4 Market Estimates & Forecast by End-user, 2020-2027

8.4.6 Japan

8.4.6.1 Market Estimates & Forecast, 2020-2027

8.4.6.2 Market Estimates & Forecast by Enclosure Type, 2020-2027

8.4.6.3 Market Estimates & Forecast by Rating, 2020-2027

8.4.6.4 Market Estimates & Forecast by End-user, 2020-2027

8.4.7 India

8.4.7.1 Market Estimates & Forecast, 2020-2027

8.4.7.2 Market Estimates & Forecast by Enclosure Type, 2020-2027

8.4.7.3 Market Estimates & Forecast by Rating, 2020-2027

8.4.7.4 Market Estimates & Forecast by End-user, 2020-2027

8.4.8 Rest of Asia Pacific

8.4.8.1 Market Estimates & Forecast, 2020-2027

8.4.8.2 Market Estimates & Forecast by Enclosure Type, 2020-2027

8.4.8.3 Market Estimates & Forecast by Rating, 2020-2027

8.4.8.4 Market Estimates & Forecast by End-user, 2020-2027

8.5 Rest of the World

8.5.1 Market Estimates & Forecast, 2020-2027

8.5.2 Market Estimates & Forecast by Enclosure Type, 2020-2027

8.5.3 Market Estimates & Forecast by Rating, 2020-2027

8.5.4 Market Estimates & Forecast by End-user, 2020-2027

9 Competitive Landscape

10 Company Profile

10.1 ABB Group

10.1.1 Company Overview

10.1.2 Ratings/Services Offering

10.1.3 Financial Overview

10.1.4 Key Developments

10.1.5 Strategy

10.1.6 SWOT Analysis

10.2 Siemens Ltd.

10.2.1 Company Overview

10.2.2 Ratings/Services Offering

10.2.3 Financial Overview

10.2.4 Key Developments

10.2.5 Strategy

10.2.6 SWOT Analysis

10.3 General Electric Company

10.3.1 Company Overview

10.3.2 Ratings/Services Offering

10.3.3 Financial Overview

10.3.4 Key Developments

10.3.5 Strategy

10.3.6 SWOT Analysis

10.4 Crompton Greaves Ltd

10.4.1 Company Overview

10.4.2 Ratings/Services Offering

10.4.3 Financial Overview

10.4.4 Key Developments

10.4.5 Strategy

10.4.6 SWOT Analysis

10.5 Toshiba Corporation

10.5.1 Company Overview

10.5.2 Ratings/Services Offering

10.5.3 Financial Overview

10.5.4 Key Developments

10.5.5 Strategy

10.5.6 SWOT Analysis

10.6 Hyundai Heavy Industries Co., Ltd

10.6.1 Company Overview

10.6.2 Ratings/Services Offering

10.6.3 Financial Overview

10.6.4 Key Developments

10.6.5 Strategy

10.6.6 SWOT Analysis

10.7 Mitsubishi Electric Corporation

10.7.1 Company Overview

10.7.2 Ratings/Services Offering

10.7.3 Financial Overview

10.7.4 Key Developments

10.7.5 Strategy

10.7.6 SWOT Analysis

10.8 Hyosung Corporation

10.8.1 Company Overview

10.8.2 Ratings/Services Offering

10.8.3 Financial Overview

10.8.4 Key Developments

10.8.5 Strategy

10.8.6 SWOT Analysis

10.9 Bharat Heavy Electricals Limited

10.9.1 Company Overview

10.9.2 Ratings/Services Offering

10.9.3 Financial Overview

10.9.4 Key Developments

10.9.5 Strategy

10.9.6 SWOT Analysis

10.10 Rakesh Transformer Industries Pvt. Ltd

10.10.1 Company Overview

10.10.2 Ratings/Services Offering

10.10.3 Financial Overview

10.10.4 Key Developments

10.10.5 Strategy

10.10.6 SWOT Analysis

10.11 JSHP Transformers

10.11.1 Company Overview

10.11.2 Ratings/Services Offering

10.11.3 Financial Overview

10.11.4 Key Developments

10.11.5 Strategy

10.11.6 SWOT Analysis

10.12 Synergy Transformers

10.12.1 Company Overview

10.12.2 Ratings/Services Offering

10.12.3 Financial Overview

10.12.4 Key Developments

10.12.5 Strategy

10.12.6 SWOT Analysis

10.13 Transformers & Rectifiers Ltd

10.13.1 Company Overview

10.13.2 Ratings/Services Offering

10.13.3 Financial Overview

10.13.4 Key Developments

10.13.5 Strategy

10.13.6 SWOT Analysis

10.14 PME Power Solutions Limited

10.14.1 Company Overview

10.14.2 Ratings/Services Offering

10.14.3 Financial Overview

10.14.4 Key Developments

10.14.5 Strategy

10.14.6 SWOT Analysis

10.15 SPX Transformer Solutions, Inc

10.15.1 Company Overview

10.15.2 Ratings/Services Offering

10.15.3 Financial Overview

10.15.4 Key Developments

10.15.5 Strategy

10.15.6 SWOT Analysis

Instrument Transformer Market