Instrument Transformers Global Market Report 2021 by The Business Research Company is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies. The chapter on the impact – both negative and positive – of COVID-19 on the instrument transformers industry gives valuable insights on supply chain disruptions, logistical challenges, and other economic implications of the virus on the market. This includes revised market numbers according to the effects of the coronavirus and the expected instrument transformers market growth numbers 2021-2030.
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The Instrument Transformers Global Market Report 2020-30 by The Business Research Company provides an in-depth analysis of the global instrument transformers market and covers both the historic period, 2015 to 2020, and the forecast period, 2020 to 2030. The report evaluates the market and major economies across the regions Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The Instrument Transformers Global Market Report 2021 covers instrument transformers market drivers, instrument transformers market trends, instrument transformers market growth rate, instrument transformers market major players, player-adopted strategies in the market, and instrument transformers market size.
The global instrument transformers market is expected to grow from $7.01 billion in 2020 to $7.61 billion in 2021 at a compound annual growth rate (CAGR) of 8.47%. The growth in the instrument transformers market is mainly due to the growing demand for electricity, fuel by growing reliance on electrical devices in the forecast period. The market is expected to reach $9.69 billion in 2025 at a CAGR of 6.23%.
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The report covers the instrument transformers market segments-
1) By Type: Current Transformers, Potential Transformers, Combined Instrument Transformers
2) By Enclosure Type: Indoor, Outdoor
3) By Voltage: Distribution Voltage, Sub-Transmission Voltage, High Voltage Transmission, Extra High Voltage transmission, Ultra-High Voltage Transmission
4) By Application: Relaying, Switchgear Assemblies, Metering And Protection, Others
5) By End-User: Power Utilities, Power Generation, Industries And OEMs, Others
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