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Instrument Transformers Market Share

Report ID: GMI2141
Published Date: Jun 2022
Report Format: PDF

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Instrument Transformers Market Share

Key participants operating in the instrument transformers market are:

GE
ABB
Eaton
Hitachi Energy Ltd
Siemens Energy
NISSIN ELECTRIC Co., Ltd
ARTECHE
Instrument Transformer Equipment Corporation, Inc
Instrument Transformers Limited
CG Power & Industrial Solutions Ltd
Mitsubishi Electric Corporation
Schneider Electric
Amran Inc
Mehru
Ritz Instruments Transformers.

These leaders are focusing on strengthening their market share through strategic collaborations, partnerships, and mergers & acquisitions to gain a competitive edge over others.

Authors: Ankit Gupta, Riya Gupta

Frequently Asked Questions (FAQ) :

The market size of instrument transformers was valued at more than USD 4.3 billion in 2023 and is set to record over 8.3% CAGR during the forecast period of 2024-2032.

>66 kV instrument transformer industry size will register more than 6% CAGR through 2030 due to the introduction of favorable regulatory policies, schemes, and tax rebates for installing sustainable electrical equipment.

North America market crossed USD 420 million in revenue in 2021 because of the rising spending on the creation of long-distance electricity networks.

Siemens Energy, Hitachi Energy Ltd., ABB, Eaton, GE, Instrument Transformers Limited, ARTECHE, Schneider Electric, and Mitsubishi Electric Corporation, among others, are the leading industry participants.