Current Transformer Market : Regional Marketing Type Analysis, International TraPosted by sachi kaushik on March 22nd, 2021 Current transformers are designed to decrease or increase alternating current in its primary. This function provide the power to disconnect devices and relay windings.Current transformers are used in power plants, substations, industries, and commercial spaces for metering and protection purposes. The energy and manufacturing sector use metering where direct connection of metering devices is not practical. For more insights into the Market, Request a Sample of this Report@ https://www.factmr.com/connectus/sample?flag=S&rep_id=2620 Moreover, protective current transformers provide control and safety devices with measurement information. These transformers convert the AC current of any value to a proportionate lower current, which makes it easier for relays and metering devices to make significant changes in their functioning. Manufacturers offer low voltage current transformers coupled with digital meters that help users to monitor electricity demand and keep a record of electricity consumption by the electrical equipment connected to the wiring. Market players are offering customized current transformers to meet the varying specification requirements of various end users. As per the report by Fact.MR, the global current transformer market is anticipated to reach a valuation of around US$ 645 Key Takeaways from Current Transformer Market Study
“Increasing electricity consumption and integration of renewable energy into existing infrastructure are set to boost demand for current transformers,” says a Fact.MR analyst. Who is Winning in this Space? The global current transformer market is highly competitive in nature, and is thriving on key players. However, competition has become intense due to the presence of regional players that offer products at lower prices. Also, to maintain their position in this space, key players are coming out with diversified and customized product offerings to match specific customer requirements. Furthermore, it is observed that, manufactures and market players with strong financial muscle and reputation succeed in getting government contracts, which make it difficult for small players to compete against these giants in the market. More Valuable Insights Fact.MR, in its new offering, presents an unbiased analysis of the global current transformer market, presenting historical demand data (2015-2019) and forecast statistics for the period of 2020-2030. The study divulges essential insights on the basis of pump type (dry type, oil-immersed, gas insulated, and others), construction (wound type current transformers, toroidal current transformers, bar type current transformers, and summation current transformers), core (solid and split), voltage rating (low, medium, and high), use case (indoor and outdoor), application (protection and metering), and end-use vertical (energy, manufacturing, and others [commercial and residential]), across six major regions (North America, Latin America, Europe, East Asia, South Asia, Oceania, and the Middle East & Africa). About the Industrial Goods Division at Fact.MR Expert analysis, actionable insights, and strategic recommendations of the highly seasoned Industrial Goods team at Fact.MR helps clients from across the globe with their unique business intelligence needs. With a repertoire of over thousand reports and 1 million-plus data points, the team has analyzed the Industrial Goods industry across 50+ countries for over a decade. The team provides unmatched end-to-end research and consulting services. Reach out to explore how we can help. About Us: Market research and consulting agency with a difference! That’s why 80% of Fortune 1,000 companies trust us for making their most critical decisions. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise. Spanning a wide range – from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analyzed. Our sales offices in United States and Dublin, Ireland. Headquarter based in Dubai, UAE. Reach out to us with your goals, and we’ll be an able research partner. Contact: US Sales Office: 11140 Rockville Pike Suite 400 Rockville, MD 20852 United States Tel: +1 (628) 251-1583 Corporate Headquarter: Unit No: AU-01-H Gold Tower (AU), Plot No: JLT-PH1-I3A, Jumeirah Lakes Towers, Dubai, United Arab Emirates Email: sales@factmr.com Like it? Share it!More by this author |