MarketsandMarkets’ report, “Instrument Transformers Market by Type, Enclosure Type, Dielectric Medium, Voltage, Application, End-User, and Region - Global Forecast to 2022”, expects said market to grow from an estimated $7.32 Billion in 2017 to $9.06 Billion by 2022, registering a CAGR of 4.35% during the forecast period. This growth is primarily due to the increasing emphasis on alternative energy production, refurbishment of aging infrastructure, and huge investments in smart grids and energy systems across the world.
- The power utilities segment is expected to hold the largest share of the Instrument Transformers Market, by end-user, during the forecast period
- Capacitive potential transformers to be the fastest growing segment in the Instrument Transformers Market
- Asia Pacific: The leading market for instrument transformers
To enable an in-depth understanding of the competitive landscape, the report includes the profiles of some of the top players in the Instrument Transformers Market. These players include ABB (Switzerland), Siemens (Germany), Schneider Electric (France), and GE (US). The leading players are trying to make inroads in the markets in the developed economies and are adopting various strategies to increase their market shares.
If your curiosity is piqued, you can browse 99 market data Tables and 48 Figures spread through 171 Pages.