デフォルト表紙
市場調査レポート
商品コード
1638707

計器用変成器市場の評価:タイプ・設置場所・エンドユーザー・地域別の機会および予測 (2018-2032年)

Instrument Transformer Market Assessment, By Type, By Installation, By End-use, By Region, Opportunities and Forecast, 2018-2032F


出版日
ページ情報
英文 221 Pages
納期
3~5営業日
カスタマイズ可能
価格
価格表記: USDを日本円(税抜)に換算
本日の銀行送金レート: 1USD=144.06円
計器用変成器市場の評価:タイプ・設置場所・エンドユーザー・地域別の機会および予測 (2018-2032年)
出版日: 2025年01月22日
発行: Market Xcel - Markets and Data
ページ情報: 英文 221 Pages
納期: 3~5営業日
GIIご利用のメリット
  • 全表示
  • 概要
  • 図表
  • 目次
概要

世界の計器用変成器の市場規模は、2024年の58億2,000万米ドルから、予測期間中はCAGR 6.31%で推移し、2032年には94億8,000万米ドルに成長すると予測されています。

計器用変成器の市場は、都市化と工業化に伴う電力需要の増加により成長を遂げています。再生可能エネルギー源の統合の増加も計器用変成器の需要を推進しています。さらに、スマートグリッドや送電網の近代化が進んでいることも継続的な市場拡大の傾向を維持しています。

よりクリーンなエネルギーとカーボンフットプリントの削減のために再生可能エネルギー源を重視する傾向が強まっており、計器用変成器の需要は増加する可能性が高いと考えられています。計器用変成器は、このような断続的なエネルギー源を効率的にグリッドに統合するために不可欠であるため、市場の成長を後押ししています。

さらに、送電網の近代化とスマートグリッドの統合に重点が置かれているため、電気インフラのリアルタイム監視、予知保全、保護のための先進技術を搭載した計器用変成器の需要がさらに高まっており、これが世界の計器用変成器の需要をさらに押し上げています。

当レポートでは、世界の計器用変成器の市場を調査し、市場の定義と概要、市場規模の推移・予測、各種区分別の詳細分析、産業構造、市場成長への影響因子の分析、ケーススタディ、競合情勢、主要企業のプロファイルなどをまとめています。

目次

第1章 プロジェクトの範囲と定義

第2章 調査手法

第3章 エグゼクティブサマリー

第4章 顧客の声

  • 回答者の人口統計
  • 購入決定時に考慮される要素

第5章 世界の計器用変成器市場の展望

  • 市場規模の分析・予測
  • 市場シェアの分析・予測
    • タイプ別
    • 設置場所別
    • エンドユーザー別
    • 地域別
    • 企業シェア分析 (上位5社およびその他)
  • 市場マップ分析

第6章 北米の計器用変成器市場の展望

  • 市場規模の分析・予測
  • 市場シェアの分析・予測
  • 国別市場評価
    • 米国
    • カナダ
    • メキシコ

第7章 欧州の計器用変成器市場の展望

  • ドイツ
  • フランス
  • イタリア
  • 英国
  • ロシア
  • オランダ
  • スペイン
  • トルコ
  • ポーランド

第8章 アジア太平洋の計器用変成器市場の展望

  • インド
  • 中国
  • 日本
  • オーストラリア
  • ベトナム
  • 韓国
  • インドネシア
  • フィリピン

第9章 南米の計器用変成器市場の展望

  • ブラジル
  • アルゼンチン

第10章 中東・アフリカの計器用変成器市場の展望

  • サウジアラビア
  • UAE
  • 南アフリカ

第11章 ポーターのファイブフォース分析

第12章 PESTLE分析

第13章 市場力学

  • 市場促進要因
  • 市場の課題

第14章 市場動向・展開

第15章 ケーススタディ

第16章 競合情勢

  • 上位5社の競合マトリックス
  • 上位5社のSWOT分析
  • 上位10社の情勢
    • ABB Asea Brown Boveri Ltd
    • GE Vernova Inc.
    • Schneider Electric SE
    • Mitsubishi Electric Corporation
    • Nissin Electric Co., Ltd.
    • RITZ Instrument Transformers GmbH
    • Arteche Lantegi Elkartea, S.A.
    • CG Power and Industrial Solutions Limited
    • Bharat Heavy Electricals Limited
    • PFIFFNER Instrument Transformers Ltd

第17章 戦略的提言

第18章 当社について・免責事項

図表

List of Tables

  • Table 1. Pricing Analysis of Products from Key Players
  • Table 2. Competition Matrix of Top 5 Market Leaders
  • Table 3. Mergers & Acquisitions/ Joint Ventures (If Applicable)
  • Table 4. About Us - Regions and Countries Where We Have Executed Client Projects

List of Figures

  • Figure 1. Global Instrument Transformer Market, By Value, in USD Billion, 2018-2032F
  • Figure 2. Global Instrument Transformer Market, By Volume, in Thousand Units, 2018-2032F
  • Figure 3. Global Instrument Transformer Market Share (%), By Type, 2018-2032F
  • Figure 4. Global Instrument Transformer Market Share (%), By Installation, 2018-2032F
  • Figure 5. Global Instrument Transformer Market Share (%), By End-use, 2018-2032F
  • Figure 6. Global Instrument Transformer Market Share (%), By Region, 2018-2032F
  • Figure 7. North America Instrument Transformer Market, By Value, in USD Billion, 2018-2032F
  • Figure 8. North America Instrument Transformer Market, By Volume, in Thousand Units, 2018-2032F
  • Figure 9. North America Instrument Transformer Market Share (%), By Type, 2018-2032F
  • Figure 10. North America Instrument Transformer Market Share (%), By Installation, 2018-2032F
  • Figure 11. North America Instrument Transformer Market Share (%), By End-use, 2018-2032F
  • Figure 12. North America Instrument Transformer Market Share (%), By Country, 2018-2032F
  • Figure 13. United States Instrument Transformer Market, By Value, in USD Billion, 2018-2032F
  • Figure 14. United States Instrument Transformer Market, By Volume, in Thousand Units, 2018-2032F
  • Figure 15. United States Instrument Transformer Market Share (%), By Type, 2018-2032F
  • Figure 16. United States Instrument Transformer Market Share (%), By Installation, 2018-2032F
  • Figure 17. United States Instrument Transformer Market Share (%), By End-use, 2018-2032F
  • Figure 18. Canada Instrument Transformer Market, By Value, in USD Billion, 2018-2032F
  • Figure 19. Canada Instrument Transformer Market, By Volume, in Thousand Units, 2018-2032F
  • Figure 20. Canada Instrument Transformer Market Share (%), By Type, 2018-2032F
  • Figure 21. Canada Instrument Transformer Market Share (%), By Installation, 2018-2032F
  • Figure 22. Canada Instrument Transformer Market Share (%), By End-use, 2018-2032F
  • Figure 23. Mexico Instrument Transformer Market, By Value, in USD Billion, 2018-2032F
  • Figure 24. Mexico Instrument Transformer Market, By Volume, in Thousand Units, 2018-2032F
  • Figure 25. Mexico Instrument Transformer Market Share (%), By Type, 2018-2032F
  • Figure 26. Mexico Instrument Transformer Market Share (%), By Installation, 2018-2032F
  • Figure 27. Mexico Instrument Transformer Market Share (%), By End-use, 2018-2032F
  • Figure 28. Europe Instrument Transformer Market, By Value, in USD Billion, 2018-2032F
  • Figure 29. Europe Instrument Transformer Market, By Volume, in Thousand Units, 2018-2032F
  • Figure 30. Europe Instrument Transformer Market Share (%), By Type, 2018-2032F
  • Figure 31. Europe Instrument Transformer Market Share (%), By Installation, 2018-2032F
  • Figure 32. Europe Instrument Transformer Market Share (%), By End-use, 2018-2032F
  • Figure 33. Europe Instrument Transformer Market Share (%), By Country, 2018-2032F
  • Figure 34. Germany Instrument Transformer Market, By Value, in USD Billion, 2018-2032F
  • Figure 35. Germany Instrument Transformer Market, By Volume, in Thousand Units, 2018-2032F
  • Figure 36. Germany Instrument Transformer Market Share (%), By Type, 2018-2032F
  • Figure 37. Germany Instrument Transformer Market Share (%), By Installation, 2018-2032F
  • Figure 38. Germany Instrument Transformer Market Share (%), By End-use, 2018-2032F
  • Figure 39. France Instrument Transformer Market, By Value, in USD Billion, 2018-2032F
  • Figure 40. France Instrument Transformer Market, By Volume, in Thousand Units, 2018-2032F
  • Figure 41. France Instrument Transformer Market Share (%), By Type, 2018-2032F
  • Figure 42. France Instrument Transformer Market Share (%), By Installation, 2018-2032F
  • Figure 43. France Instrument Transformer Market Share (%), By End-use, 2018-2032F
  • Figure 44. Italy Instrument Transformer Market, By Value, in USD Billion, 2018-2032F
  • Figure 45. Italy Instrument Transformer Market, By Volume, in Thousand Units, 2018-2032F
  • Figure 46. Italy Instrument Transformer Market Share (%), By Type, 2018-2032F
  • Figure 47. Italy Instrument Transformer Market Share (%), By Installation, 2018-2032F
  • Figure 48. Italy Instrument Transformer Market Share (%), By End-use, 2018-2032F
  • Figure 49. United Kingdom Instrument Transformer Market, By Value, in USD Billion, 2018-2032F
  • Figure 50. United Kingdom Instrument Transformer Market, By Volume, in Thousand Units, 2018-2032F
  • Figure 51. United Kingdom Instrument Transformer Market Share (%), By Type, 2018-2032F
  • Figure 52. United Kingdom Instrument Transformer Market Share (%), By Installation, 2018-2032F
  • Figure 53. United Kingdom Instrument Transformer Market Share (%), By End-use, 2018-2032F
  • Figure 54. Russia Instrument Transformer Market, By Value, in USD Billion, 2018-2032F
  • Figure 55. Russia Instrument Transformer Market, By Volume, in Thousand Units, 2018-2032F
  • Figure 56. Russia Instrument Transformer Market Share (%), By Type, 2018-2032F
  • Figure 57. Russia Instrument Transformer Market Share (%), By Installation, 2018-2032F
  • Figure 58. Russia Instrument Transformer Market Share (%), By End-use, 2018-2032F
  • Figure 59. Netherlands Instrument Transformer Market, By Value, in USD Billion, 2018-2032F
  • Figure 60. Netherlands Instrument Transformer Market, By Volume, in Thousand Units, 2018-2032F
  • Figure 61. Netherlands Instrument Transformer Market Share (%), By Type, 2018-2032F
  • Figure 62. Netherlands Instrument Transformer Market Share (%), By Installation, 2018-2032F
  • Figure 63. Netherlands Instrument Transformer Market Share (%), By End-use, 2018-2032F
  • Figure 64. Spain Instrument Transformer Market, By Value, in USD Billion, 2018-2032F
  • Figure 65. Spain Instrument Transformer Market, By Volume, in Thousand Units, 2018-2032F
  • Figure 66. Spain Instrument Transformer Market Share (%), By Type, 2018-2032F
  • Figure 67. Spain Instrument Transformer Market Share (%), By Installation, 2018-2032F
  • Figure 68. Spain Instrument Transformer Market Share (%), By End-use, 2018-2032F
  • Figure 69. Turkey Instrument Transformer Market, By Value, in USD Billion, 2018-2032F
  • Figure 70. Turkey Instrument Transformer Market, By Volume, in Thousand Units, 2018-2032F
  • Figure 71. Turkey Instrument Transformer Market Share (%), By Type, 2018-2032F
  • Figure 72. Turkey Instrument Transformer Market Share (%), By Installation, 2018-2032F
  • Figure 73. Turkey Instrument Transformer Market Share (%), By End-use, 2018-2032F
  • Figure 74. Poland Instrument Transformer Market, By Value, in USD Billion, 2018-2032F
  • Figure 75. Poland Instrument Transformer Market, By Volume, in Thousand Units, 2018-2032F
  • Figure 76. Poland Instrument Transformer Market Share (%), By Type, 2018-2032F
  • Figure 77. Poland Instrument Transformer Market Share (%), By Installation, 2018-2032F
  • Figure 78. Poland Instrument Transformer Market Share (%), By End-use, 2018-2032F
  • Figure 79. South America Instrument Transformer Market, By Value, in USD Billion, 2018-2032F
  • Figure 80. South America Instrument Transformer Market, By Volume, in Thousand Units, 2018-2032F
  • Figure 81. South America Instrument Transformer Market Share (%), By Type, 2018-2032F
  • Figure 82. South America Instrument Transformer Market Share (%), By Installation, 2018-2032F
  • Figure 83. South America Instrument Transformer Market Share (%), By End-use, 2018-2032F
  • Figure 84. South America Instrument Transformer Market Share (%), By Country, 2018-2032F
  • Figure 85. Brazil Instrument Transformer Market, By Value, in USD Billion, 2018-2032F
  • Figure 86. Brazil Instrument Transformer Market, By Volume, in Thousand Units, 2018-2032F
  • Figure 87. Brazil Instrument Transformer Market Share (%), By Type, 2018-2032F
  • Figure 88. Brazil Instrument Transformer Market Share (%), By Installation, 2018-2032F
  • Figure 89. Brazil Instrument Transformer Market Share (%), By End-use, 2018-2032F
  • Figure 90. Argentina Instrument Transformer Market, By Value, in USD Billion, 2018-2032F
  • Figure 91. Argentina Instrument Transformer Market, By Volume, in Thousand Units, 2018-2032F
  • Figure 92. Argentina Instrument Transformer Market Share (%), By Type, 2018-2032F
  • Figure 93. Argentina Instrument Transformer Market Share (%), By Installation, 2018-2032F
  • Figure 94. Argentina Instrument Transformer Market Share (%), By End-use, 2018-2032F
  • Figure 95. Asia-Pacific Instrument Transformer Market, By Value, in USD Billion, 2018-2032F
  • Figure 96. Asia-Pacific Instrument Transformer Market, By Volume, in Thousand Units, 2018-2032F
  • Figure 97. Asia-Pacific Instrument Transformer Market Share (%), By Type, 2018-2032F
  • Figure 98. Asia-Pacific Instrument Transformer Market Share (%), By Installation, 2018-2032F
  • Figure 99. Asia-Pacific Instrument Transformer Market Share (%), By End-use, 2018-2032F
  • Figure 100. Asia-Pacific Instrument Transformer Market Share (%), By Country, 2018-2032F
  • Figure 101. India Instrument Transformer Market, By Value, in USD Billion, 2018-2032F
  • Figure 102. India Instrument Transformer Market, By Volume, in Thousand Units, 2018-2032F
  • Figure 103. India Instrument Transformer Market Share (%), By Type, 2018-2032F
  • Figure 104. India Instrument Transformer Market Share (%), By Installation, 2018-2032F
  • Figure 105. India Instrument Transformer Market Share (%), By End-use, 2018-2032F
  • Figure 106. China Instrument Transformer Market, By Value, in USD Billion, 2018-2032F
  • Figure 107. China Instrument Transformer Market, By Volume, in Thousand Units, 2018-2032F
  • Figure 108. China Instrument Transformer Market Share (%), By Type, 2018-2032F
  • Figure 109. China Instrument Transformer Market Share (%), By Installation, 2018-2032F
  • Figure 110. China Instrument Transformer Market Share (%), By End-use, 2018-2032F
  • Figure 111. Japan Instrument Transformer Market, By Value, in USD Billion, 2018-2032F
  • Figure 112. Japan Instrument Transformer Market, By Volume, in Thousand Units, 2018-2032F
  • Figure 113. Japan Instrument Transformer Market Share (%), By Type, 2018-2032F
  • Figure 114. Japan Instrument Transformer Market Share (%), By Installation, 2018-2032F
  • Figure 115. Japan Instrument Transformer Market Share (%), By End-use, 2018-2032F
  • Figure 116. Australia Instrument Transformer Market, By Value, in USD Billion, 2018-2032F
  • Figure 117. Australia Instrument Transformer Market, By Volume, in Thousand Units, 2018-2032F
  • Figure 118. Australia Instrument Transformer Market Share (%), By Type, 2018-2032F
  • Figure 119. Australia Instrument Transformer Market Share (%), By Installation, 2018-2032F
  • Figure 120. Australia Instrument Transformer Market Share (%), By End-use, 2018-2032F
  • Figure 121. Vietnam Instrument Transformer Market, By Value, in USD Billion, 2018-2032F
  • Figure 122. Vietnam Instrument Transformer Market, By Volume, in Thousand Units, 2018-2032F
  • Figure 123. Vietnam Instrument Transformer Market Share (%), By Type, 2018-2032F
  • Figure 124. Vietnam Instrument Transformer Market Share (%), By Installation, 2018-2032F
  • Figure 125. Vietnam Instrument Transformer Market Share (%), By End-use, 2018-2032F
  • Figure 126. South Korea Instrument Transformer Market, By Value, in USD Billion, 2018-2032F
  • Figure 127. South Korea Instrument Transformer Market, By Volume, in Thousand Units, 2018-2032F
  • Figure 128. South Korea Instrument Transformer Market Share (%), By Type, 2018-2032F
  • Figure 129. South Korea Instrument Transformer Market Share (%), By Installation, 2018-2032F
  • Figure 130. South Korea Instrument Transformer Market Share (%), By End-use, 2018-2032F
  • Figure 131. Indonesia Instrument Transformer Market, By Value, in USD Billion, 2018-2032F
  • Figure 132. Indonesia Instrument Transformer Market, By Volume, in Thousand Units, 2018-2032F
  • Figure 133. Indonesia Instrument Transformer Market Share (%), By Type, 2018-2032F
  • Figure 134. Indonesia Instrument Transformer Market Share (%), By Installation, 2018-2032F
  • Figure 135. Indonesia Instrument Transformer Market Share (%), By End-use, 2018-2032F
  • Figure 136. Philippines Instrument Transformer Market, By Value, in USD Billion, 2018-2032F
  • Figure 137. Philippines Instrument Transformer Market, By Volume, in Thousand Units, 2018-2032F
  • Figure 138. Philippines Instrument Transformer Market Share (%), By Type, 2018-2032F
  • Figure 139. Philippines Instrument Transformer Market Share (%), By Installation, 2018-2032F
  • Figure 140. Philippines Instrument Transformer Market Share (%), By End-use, 2018-2032F
  • Figure 141. Middle East & Africa Instrument Transformer Market, By Value, in USD Billion, 2018-2032F
  • Figure 142. Middle East & Africa Instrument Transformer Market, By Volume, in Thousand Units, 2018-2032F
  • Figure 143. Middle East & Africa Instrument Transformer Market Share (%), By Type, 2018-2032F
  • Figure 144. Middle East & Africa Instrument Transformer Market Share (%), By Installation, 2018-2032F
  • Figure 145. Middle East & Africa Instrument Transformer Market Share (%), By End-use, 2018-2032F
  • Figure 146. Middle East & Africa Instrument Transformer Market Share (%), By Country, 2018-2032F
  • Figure 147. Saudi Arabia Instrument Transformer Market, By Value, in USD Billion, 2018-2032F
  • Figure 148. Saudi Arabia Instrument Transformer Market, By Volume, in Thousand Units, 2018-2032F
  • Figure 149. Saudi Arabia Instrument Transformer Market Share (%), By Type, 2018-2032F
  • Figure 150. Saudi Arabia Instrument Transformer Market Share (%), By Installation, 2018-2032F
  • Figure 151. Saudi Arabia Instrument Transformer Market Share (%), By End-use, 2018-2032F
  • Figure 152. UAE Instrument Transformer Market, By Value, in USD Billion, 2018-2032F
  • Figure 153. UAE Instrument Transformer Market, By Volume, in Thousand Units, 2018-2032F
  • Figure 154. UAE Instrument Transformer Market Share (%), By Type, 2018-2032F
  • Figure 155. UAE Instrument Transformer Market Share (%), By Installation, 2018-2032F
  • Figure 156. UAE Instrument Transformer Market Share (%), By End-use, 2018-2032F
  • Figure 157. South Africa Instrument Transformer Market, By Value, in USD Billion, 2018-2032F
  • Figure 158. South Africa Instrument Transformer Market, By Volume, in Thousand Units, 2018-2032F
  • Figure 159. South Africa Instrument Transformer Market Share (%), By Type, 2018-2032F
  • Figure 160. South Africa Instrument Transformer Market Share (%), By Installation, 2018-2032F
  • Figure 161. South Africa Instrument Transformer Market Share (%), By End-use, 2018-2032F
  • Figure 162. By Type Map-Market Size (USD Billion) & Growth Rate (%), 2024
  • Figure 163. By Installation Map-Market Size (USD Billion) & Growth Rate (%), 2024
  • Figure 164. By End-use Map-Market Size (USD Billion) & Growth Rate (%), 2024
  • Figure 165. By Region Map-Market Size (USD Billion) & Growth Rate (%), 2024
目次
Product Code: MX12619

Global instrument transformers market is projected to witness a CAGR of 6.31% during the forecast period 2025-2032, growing from USD 5.82 billion in 2024 to USD 9.48 billion in 2032.

Instrument transformers are highly specialized electrical devices in power systems to reliably monitor high voltages and currents. They lower these high levels to smaller, more manageable amounts, which may be accurately measured with standard instruments and meters. Instrument transformers protect measurement equipment and those who use it by converting high voltage or current to a lower value.

The instrument transformer market is experiencing growth due to rising electricity demand coupled with urbanization and industrialization. The rise in the integration of renewable energy sources is fueling the demand for instrument transformers. Furthermore, ongoing advancements in smart grid and grid modernization are sustaining a tendency for continual market expansion.

With growing emphasis on renewable energy sources for cleaner energy and reducing the carbon footprint the demand for instrument transformers is likely to boost. As an instrument transformer is essential for integrating these intermittent energy sources into the grid efficiently thus pushing the growth of the market.

Moreover, the emphasis on grid modernization and integration of the smart grid further enhances the demand for instrument transformers equipped with advanced technologies for real-time monitoring, predictive maintenance, and protection of the electrical infrastructure, which further drives the demand for global instrument transformers.

For instance, in July 2024, Ritz Instrument Transformers, Inc. announced plans to build a new state-of-the-art manufacturing facility in Waynesboro, Georgia to manufacture high-voltage instrument transformers. The investment for this project is expected to be USD 28 million. Construction is scheduled to begin in October 2024.

Growing Demand for Electricity Drives Growth in Instrument Transformer Market

Rapid urbanization and industrialization are leading to an increase in electricity demand around the globe, which further increases the need for reliable power transmission and distribution systems. The instrument transformer plays a crucial role in lowering down the high voltage and current levels to manageable levels for accurate measurement and protection. With the growing emphasis on renewable energy sources such as wind and solar, there is an increasing need to integrate instrument transformers to integrate these intermittent power supplies into the grid effectively.

Moreover, the transition towards the smart grid further enhances this demand, as these modern systems rely on advanced monitoring and control technologies that utilize instrument transformers for real-time data analysis and predictive maintenance. Additionally, expanding rural electrification initiatives in regions such as Africa and South Asia require efficient electrical networks like instrument transformers to maintain efficiency and safety.

For instance, in June 2023, Straton Electricals announced the launch of its new cycloaliphatic cast resin instrument transformers. These transformers are type-tested and suitable for outdoor applications, offering several advantages over oil-type transformers. The new instrument transformers comply with the latest IEC 61869 and IS 16227 standards and boast very low partial discharge levels within permissible limits. This new range of transformers is ideal for the electricity distribution sector, providing reliable and efficient solutions for energy transmission and distribution.

Increase Investment in the Modernization of Aging Power Grid

Aging energy generation and distribution infrastructure poses a significant challenge in many countries. It presents substantial difficulties in supplying efficient and cost-effective power solutions. Many power grids, especially in developed countries, are decades old and have become inadequate for handling rising electricity demands. Installations from a decade ago necessitate the deployment of advanced technologies, such as smart grids, to efficiently manage the increased power demand.

Smart grids heavily rely on instrument transformers for accurate measurement, monitoring, and protection. These transformers are crucial for ensuring system reliability, optimizing load management, and improving overall energy efficiency.

For instance, in February 2023, ABB introduced its ResiVolt technology which features instrument transformers designed to withstand very fast transient overvoltage (VFTO). These transformers enhance grid reliability by preventing catastrophic failures and ensuring robust performance especially in environments with high frequency switching and renewable energy integrations. The ResiVolt transformers are optimized for field performance which meets stringent IEEE and IEC standards and are deployed in critical applications such as solar and wind farm interconnections. The innovation underscores ABB's commitment to support modernization, resilient and efficient power grids.

Current Transformer Dominates the Instrument Transformer Market Share

Current transformers have cemented their dominance with strong statistics in the market. They are frequently used in electrical systems for measurement, monitoring, and protection. The current transformer helps convert high primary currents into proportionally smaller secondary currents, making them easier to measure, and further helps manage them with standard instruments. This feature makes them indispensable in power systems from industrial usage to residential grid systems for ensuring accuracy and safety in energy efficiency management.

Moreover, the global push towards renewable energy sources, with the integration of solar farms, wind farms, and other distributed generation sources into existing grids, necessitates the installation of instrument transformers for precisely measuring the current for various applications such as controlling and protection, which ensures grid stability by providing accurate and reliable information.

Furthermore, in industrial applications, the current transformer is widely used for monitoring and managing high-current equipment. As, instrument transformer can ensure proper system operation while protecting devices from overcurrent events which enhance their value. Additionally, in urban and rural electrification projects current transformers play a crucial role in ensuing efficient power delivery and reliable operation especially in the region where rapid grid expansion is prevalent.

Moreover, advancements in current transformer technologies, such as compact design and digital monitoring capabilities, have increased current transformer adoption in the modern smart grid.

Asia-Pacific Dominates Instrument Transformer Market Share

Asia-Pacific is asserting its dominance in the instrument transformer market, which includes major countries such as India and China that are actively using and adopting these technologies. These nations are heavily investing in infrastructure development to meet surging electricity demands. The increase in electricity demand is driven by several factors, including rapid industrialization, urbanization, and expanding electricity networks. Moreover, integrating renewable energy sources, such as solar and wind, is fueling the demand for instrument transformers in Asia-Pacific.

China, as the largest electricity consumer, is upgrading its transmission and distribution networks for better efficiency to support grid modernization and renewable energy integration. Similarly, India is prioritizing rural electrification, improving smart grid infrastructure, and integrating large-scale renewable energy installations-all of which require advanced instrument transformers for precise measurement, control, and protection.

Asia-Pacific's dominance is further supported by government policies promoting energy efficiency and sustainability, along with sustainable investments in smart grid technologies. Additionally, the region's strong manufacturing base and technological advancements in transformer design, including digital and compact solutions, bolster its market leadership.

For instance, in September 2023, Hitachi Energy inaugurated a new state-of-the-art transformer factory in Chongqing, China. This facility highlights the rapid expansion of advanced transformer manufacturing in the Asia-Pacific. Designed to support China's evolving energy grid, the factory integrates innovative digital manufacturing technologies, focused on power transformers, shunt reactors, and high voltage direct current converts transformers.

Future Market Scenario (2025 - 2032F)

The shift towards smart grids and digital technologies will drive the demand for advanced instrument transformers with real-time monitoring and predictive maintenance capabilities. These transformers are critical for ensuring grid stability and reducing maintenance costs.

As renewable energy sources like wind and solar become more prominent, instrument transformers will play a vital role in managing power from these intermittent sources. Innovations in transformer design for renewable energy applications are expected to drive future demand.

Rapid urbanization and the push to modernize aging grid infrastructure in regions like Asia-Pacific are leading to significant investments in instrument transformers. Governments and utilities are prioritizing reliable and efficient energy transmission to support urban growth.

Key Players Landscape and Outlook

Continuous innovation characterizes the landscape of instrument transformer globally, as the companies compete to outperform one another in terms of product innovation, and ongoing efforts to produce new goods. The market prognosis remains positive, owing to increased demand for advancing aging infrastructure, electricity, and advancement in smart grid. Instrument transformer manufacturers are concerned with diverse product range and ongoing efforts to innovate, which will likely define the industry's future. Collaborations and developing technologies are projected to increase competition in this fast-paced market.

In November 2022, GE Vernova launched the Superbute combination, a new product designed to facilitate faster installation of primary metering assemblies compared to traditional standalone current transformers (CTs) and voltage transformers (VTs).

Table of Contents

1. Project Scope and Definitions

2. Research Methodology

3. Executive Summary

4. Voice of Customer

  • 4.1. Respondent Demographic
  • 4.2. Factors Considered in Purchase Decisions
    • 4.2.1. Features and Value-Added Service
    • 4.2.2. Efficiency of Solutions
    • 4.2.3. Price
    • 4.2.4. After-Sales Support

5. Global Instrument Transformer Market Outlook, 2018-2032F

  • 5.1. Market Size Analysis & Forecast
    • 5.1.1. By Value
    • 5.1.2. By Volume
  • 5.2. Market Share Analysis & Forecast
    • 5.2.1. By Type
      • 5.2.1.1. Current Transformer
      • 5.2.1.2. Potential Transformer
      • 5.2.1.3. Combined Transformer
    • 5.2.2. By Installation
      • 5.2.2.1. Indoor
      • 5.2.2.2. Outdoor
    • 5.2.3. By End-use
      • 5.2.3.1. Power Utilities
      • 5.2.3.2. Railways and Metros
      • 5.2.3.3. Power Generation
      • 5.2.3.4. Industries
      • 5.2.3.5. Others
    • 5.2.4. By Region
      • 5.2.4.1. North America
      • 5.2.4.2. Europe
      • 5.2.4.3. Asia-Pacific
      • 5.2.4.4. South America
      • 5.2.4.5. Middle East and Africa
    • 5.2.5. By Company Market Share Analysis (Top 5 Companies and Others - By Value, 2024)
  • 5.3. Market Map Analysis, 2024
    • 5.3.1. By Type
    • 5.3.2. By Installation
    • 5.3.3. By End-use
    • 5.3.4. By Region

6. North America Instrument Transformer Market Outlook, 2018-2032F*

  • 6.1. Market Size Analysis & Forecast
    • 6.1.1. By Value
    • 6.1.2. By Volume
  • 6.2. Market Share Analysis & Forecast
    • 6.2.1. By Type
      • 6.2.1.1. Current Transformer
      • 6.2.1.2. Potential Transformer
      • 6.2.1.3. Combined Transformer
    • 6.2.2. By Installation
      • 6.2.2.1. Indoor
      • 6.2.2.2. Outdoor
    • 6.2.3. By End-use
      • 6.2.3.1. Power Utilities
      • 6.2.3.2. Railways and Metros
      • 6.2.3.3. Power Generation
      • 6.2.3.4. Industries
      • 6.2.3.5. Others
    • 6.2.4. By Country Share
      • 6.2.4.1. United States
      • 6.2.4.2. Canada
      • 6.2.4.3. Mexico
  • 6.3. Country Market Assessment
    • 6.3.1. United States Instrument Transformer Market Outlook, 2018-2032F*
      • 6.3.1.1. Market Size Analysis & Forecast
        • 6.3.1.1.1. By Value
        • 6.3.1.1.2. By Volume
      • 6.3.1.2. Market Share Analysis & Forecast
        • 6.3.1.2.1. By Type
          • 6.3.1.2.1.1. Current Transformer
          • 6.3.1.2.1.2. Potential Transformer
          • 6.3.1.2.1.3. Combined Transformer
        • 6.3.1.2.2. By Installation
          • 6.3.1.2.2.1. Indoor
          • 6.3.1.2.2.2. Outdoor
        • 6.3.1.2.3. By End-use
          • 6.3.1.2.3.1. Power Utilities
          • 6.3.1.2.3.2. Railways and Metros
          • 6.3.1.2.3.3. Power Generation
          • 6.3.1.2.3.4. Industries
          • 6.3.1.2.3.5. Others
    • 6.3.2. Canada
    • 6.3.3. Mexico

All segments will be provided for all regions and countries covered

7. Europe Instrument Transformer Market Outlook, 2018-2032F

  • 7.1. Germany
  • 7.2. France
  • 7.3. Italy
  • 7.4. United Kingdom
  • 7.5. Russia
  • 7.6. Netherlands
  • 7.7. Spain
  • 7.8. Turkey
  • 7.9. Poland

8. Asia-Pacific Instrument Transformer Market Outlook, 2018-2032F

  • 8.1. India
  • 8.2. China
  • 8.3. Japan
  • 8.4. Australia
  • 8.5. Vietnam
  • 8.6. South Korea
  • 8.7. Indonesia
  • 8.8. Philippines

9. South America Instrument Transformer Market Outlook, 2018-2032F

  • 9.1. Brazil
  • 9.2. Argentina

10. Middle East and Africa Instrument Transformer Market Outlook, 2018-2032F

  • 10.1. Saudi Arabia
  • 10.2. UAE
  • 10.3. South Africa

11. Porter's Five Forces Analysis

12. PESTLE Analysis

13. Market Dynamics

  • 13.1. Market Drivers
  • 13.2. Market Challenges

14. Market Trends and Developments

15. Case Studies

16. Competitive Landscape

  • 16.1. Competition Matrix of Top 5 Market Leaders
  • 16.2. SWOT Analysis for Top 5 Players
  • 16.3. Key Players Landscape for Top 10 Market Players
    • 16.3.1. ABB Asea Brown Boveri Ltd
      • 16.3.1.1. Company Details
      • 16.3.1.2. Key Management Personnel
      • 16.3.1.3. Products and Services
      • 16.3.1.4. Financials (As Reported)
      • 16.3.1.5. Key Market Focus and Geographical Presence
      • 16.3.1.6. Recent Developments/Collaborations/Partnerships/Mergers and Acquisition
    • 16.3.2. GE Vernova Inc.
    • 16.3.3. Schneider Electric SE
    • 16.3.4. Mitsubishi Electric Corporation
    • 16.3.5. Nissin Electric Co., Ltd.
    • 16.3.6. RITZ Instrument Transformers GmbH
    • 16.3.7. Arteche Lantegi Elkartea, S.A.
    • 16.3.8. CG Power and Industrial Solutions Limited
    • 16.3.9. Bharat Heavy Electricals Limited
    • 16.3.10. PFIFFNER Instrument Transformers Ltd

Companies mentioned above DO NOT hold any order as per market share and can be changed as per information available during research work.

17. Strategic Recommendations

18. About Us and Disclaimer