Global Instrument Transformer Market Insights and Forecast to 2027

An instrument transformer is used to obtain measurements of voltage or current levels or both in different high-voltage/high-current systems such as in transmission or distribution lines or industries. An instrument transformer convert current or voltage from a high level to a very low level before passing it to measuring instruments, effectively isolating the measurement devices from the high voltage or current on the line.
In terms of product categories, Instrument Transformer can be generally divided into current transformers and voltage transformers. In 2019, current transformers account for the largest proportion of the total market share, more than 50%.
In terms of product application, Instrument Transformer is mainly used in power and distribution, metallurgy, petrochemical and construction industries. In 2019, power and distribution applications account for the largest proportion of the market, about 45%.

Market Analysis and Insights: Global Instrument Transformer Market
The global Instrument Transformer market is valued at US$ 4158.4 million in 2019. The market size will reach US$ 6069.8 million by the end of 2026, growing at a CAGR of 6.3% during 2021-2026.

Global Instrument Transformer Scope and Segment
Instrument Transformer market is segmented by Type, and by Application. Players, stakeholders, and other participants in the global Instrument Transformer market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on production capacity, revenue and forecast by Type and by Application for the period 2016-2027.

Segment by Type
Current Transformer
Voltage Transformer
Others

Segment by Application
Electrical Power and Distribution
Metallurgy & Petrochemical
Construction
Others

By Company
Siemens
ABB
GE
Arteche
Pfiffner
RITZ Instrument Transformers
Emek
Indian Transformers
Koncar
DYH
Dalian Beifang
China XD Group
Jiangsu Sieyuan
Shenyang Instrument Transformer
Hengyang Nanfang
Zhejiang Horizon

Production by Region
North America
Europe
China
Japan
Mid East & Africa
India

Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
U.A.E

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