North America and Europe to Lead the Instrument Transformer Market Due to the Presence of Several Industries and OEMs

Introduction

The instrument transformer market is severely affected due to COVID-19 and its reliability on upstream and downstream industries, the supply of raw materials, and the delay in components. Many companies are waiting for the resumption of work, causing a short-term concern on the market. Once the situation normalizes, companies will be focusing on increasing the production capacity and the means to recover the lost time.

The growing demand for sunrise industries is a key driver for the electricity demand and instrument transformers. North America and Europe account for a large number of industries and original equipment manufacturers (OEMs). In the last three decades, the industrial sector of these economies has observed rapid growth in terms of output, labor productivity, and total factor productivity. Thus, the demand for energy across the industrial sector of these economies has also augmented. The growing energy demand has further increased these economies’ dependency on electricity, and this trend is expected to remain unchanged in the forthcoming years.

Competitive Players

Key Players

• Siemens Energy
• ABB Group
• Arteche
• The General Electric Company
• Eaton
• Schneider Electric
• CG Power and Industrial Solutions Ltd
• Bharat Heavy Electricals Limited
• TRENCH Group
• Mitsubishi Electric Corporation
• Toshiba Corporation
• Raychem RPG Private Limited
• JSHP Transformers
• Hyosung Corporation
• Crompton Greaves

Recent Developments

Segmentation

Plastic Compounding Market: Segmentation

By Type

• Current Instrument Transformer
• Potential Instrument Transformer
• Combined Instrument Transformer

 By Cooling

• Dry
• Oil Immersed

By Enclosure Type

• Indoor
• Outdoor

By Rating

• Distribution Voltage
• Sub Transmission Voltage
• High Voltage Transmission
• Extra-High Voltage Transmission

 By End-User

• Power Utilities
• Industries and OEMs

By Region

North America

• The U.S.
• Canada
• Mexico

Europe

• Germany
• The U.K.
• Italy
• Spain
• France
• Russia
• The Rest of Europe

Asia-Pacific

• China
• South Korea
• Australia
• India
• Japan
• Vietnam
• Indonesia
• The Rest of Asia-Pacific

Central and South America and the Caribbean

• Brazil
• Argentina
• Colombia
• The Rest of Central and South America and the Caribbean

The Middle East

• Saudi Arabia
• Oman
• Qatar
• The UAE
• Turkey
• The Rest of ME

Africa

• Nigeria
• Tanzania
• South Africa
• Ghana
• The Rest of Africa