Sellbyville, Delaware, March 12, 2019 (GLOBE NEWSWIRE) --
The U.S. instrument transformer market is anticipated to observe growth on account of rising demand for the refurbishment of conventional grid infrastructure coupled with ongoing expansion of efficient transmission and distribution grid networks. The transformer industry has observed substantial growth owing to positive regulatory measures in association to grid stability and energy efficiency. Furthermore, ongoing trends pertaining to the establishment of renewable energy technologies in line with rapidly enhancing control and monitoring technologies will complement the industry landscape.
Global Instrument Transformer Market will cross $8 billion by 2025; according to a new research report by Global Market Insights, Inc. Growing demand for electricity on account of ongoing urbanization across the globe have institutionalized measures to ensure grid stability which will in turn boost the market share. Increasing infrastructural fund allocation to assist the installation of potent monitoring and control power T&D systems will augment the industry growth. In addition, sustainable economic growth along with changing lifestyles have instilled an upsurge in the peak load demand complementing the product deployment.
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In 2018, auto-transformers exceeded 40% share of the global market. Operational flexibility along with voltage regulation are major factors driving the product deployment. Improved efficiency, competitive cost structure and system compactness will positively influence the unit demand when compared to the traditional alternatives. Furthermore, diversified use in conjunction with stringent energy efficiency concord will stimulate the industry scenario.
Oil immersed transformers are projected to grow over 7% by 2025. Di-electric strength and effective insulation in comparison to its competitors have positively swayed the product penetration. Application across high voltage components in conjunction with cost competitiveness will further stimulate the product adoption. The technology since establishment has observed progression in reference to its operational flexibility and higher voltage output with its key application across commercial and utility electricity networks.
Browse key industry insights spread across 1283 pages with 2726 market data tables & 39 figures & charts from the report, “Global Instrument Transformer Market By Products (Current {Wound, Closed}, Potential {Electromagnetic, Capacitor}), By Winding (Two winding, Auto-transformer), By Installation (Outdoor, Indoor), By Cooling (Dry type {Self-air, Air blast}, Oil immersed {Self cooled, Water cooled, Forced oil}), By Insulation (Gas, Oil, Solid, Air), By Phase (Three, Single), By Rating (≤ 250 kV, 251 to 500 kV, > 500 kV), By Mounting (Pad, Pole, PC/PCB), By Application (Residential & Commercial {Education, Healthcare, Societies}, Utility, Industrial {Railways, Cement, Power, Oil & Gas}), Industry Analysis Report, Regional Outlook (U.S., Canada, Mexico, Germany, France, Russia, UK, Italy, Spain, Netherlands, Austria, Denmark, Sweden, China, Japan, South Korea, India, Australia, New Zealand, Malaysia, Indonesia, Saudi Arabia, UAE, Qatar, Egypt, South Africa, Nigeria, Kuwait, Oman, Israel, Turkey, Brazil, Peru, Argentina), Price Trends, Competitive Market Share & Forecast, 2019 – 2025” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/instrument-transformer-market
Growing rural electrification demand across Africa & Asia Pacific favored by rising fund flow by financial organizations including the Asian Development Bank (ADB) and World Bank will nurture the instrument transformer market size. Refurbishment of power grids across warfare nations including Sudan, Syria and Iraq will further augment the industry growth. Furthermore, large scale grid integration across renewable energy deployments along with ongoing expansion of transmission and distribution networks to ensure security of supply concerns will further complement the business outlook.
High-scale industrial establishment in line with ongoing depolyment of smart transformer units to endure an efficient demand side management will augment the Europe market share. Strict energy efficiency norms have compelled manufacturers to drift their focus towards the development of cost competitive and efficient transformer units. Furthermore, ongoing deployment of sustainable networks to support the rising energy demand will complement the business dynamics.
Leading global instrument transformer market participants include Siemens, ABB, General Electric, Schneider Electric, Toshiba, Amran, Bharat Heavy Electricals Limited, CG, Celme, Raychem RPG, Eaton, Instrument Transformer Equipment Corporation, TRENCH, Mitsubishi Electric and Mehru.
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Dry type Transformer Market By Core (Closed, Shell, Berry), By Technology (Self-air, Air-blast), By Insulation (Class R, Class H, Class F, Class B, Class A), By Product (Open Wound, Cast Resin, Vacuum Pressure Impregnated, Vacuum Pressure Encapsulated), By Phase (Single, Three), By Installation (Outdoor, Indoor), By Winding (Two-winding, Auto-transformer), By Rating (< 5 MVA, 5 MVA to 30 MVA, > 30 MVA), By Mounting (Pad, Pole, PC/PCB), By Application (Industries, Inner-city Substations, Indoor/Underground Substations, Renewable Generation), Industry Analysis Report, Regional Outlook, Price Trends, Competitive Market Share & Forecast, 2017 – 2024
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About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.