Skip to main content

Global Instrument Transformers Market to Surpass $ 10 Billion by 2024 | TechSci Research

According to TechSci Research report, “Global Instrument Transformers Market By Dielectric Medium, By Voltage, By Application, By End Use Industry, By Region, Competition, Forecast & Opportunities, 2024”, global instrument transformers market is projected to reach $ 10.3 billion by 2024, on account of increasing installation with regard to new transformers and replacement of old transformers with new ones. This need to expand the existing infrastructure comes as a result of inability of the existing power stations to meet growing demand for electricity. Moreover, increasing importance of alternative energy production is also expected to aid the market.

Download Sample Report @ https://www.techsciresearch.com/sample-report.aspx?cid=1972
Customers can also request for 10% free customization on this report.

In terms of end use industry, global instrument transformers market has been categorized into power utilities, power generation, industries & OEMS and railways & metros. Among the various end-use industries, the power distribution category accounted for majority of the global instrument transformers market in 2018 and is anticipated to remain as the largest end use industry during the forecast period as well. As instrument transformers are a major part of the transmission and distribution infrastructure, they are used for measurement as well as protection of the system.

In 2018, Asia-Pacific accounted for the largest share in global instrument transformers market, owing to growth in alternative energy sources and large investments in smart grids and energy systems. Moreover, developing economy in the region and leading global industries establishing their manufacturing and production units in countries such as China, South Korea, Japan and India are also bolstering the market. Additionally, governments in various Asian countries are focusing on the use of renewable energy sources for power generation and complete electrification. Among the countries in the Asia-Pacific region, the market for instrument transformers in China is anticipated to register the maximum share in the region during forecast period.

“Over the coming years, global instrument transformers market is expected to be driven by evolving technologies, growing importance of alternative energy production, and increasing demand for power, globally. Moreover, surging investments in transmission & distribution infrastructure and massive investments in smart grids and energy systems would provide lucrative growth opportunities to instrument transformer market players during the forecast period.”, said, Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

Browse xx market data Tables and xx Figures spread through xx Pages and an in-depth TOC on "Global Instrument Transformers Market" @ https://www.techsciresearch.com/report/global-instrument-transformers-market/1972.html

Global Instrument Transformers Market By Dielectric Medium, By Voltage, By Application, By End Use Industry, By Region, Competition, Forecast & Opportunities, 2024,” has evaluated the future growth potential of global instrument transformers market and provides statistics and information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities in global instrument transformers market.

About TechSci Research
TechSci Research is a leading global market research firm publishing premium market research reports. Serving 700 global clients with more than 600 premium market research studies, TechSci Research is serving clients across 11 different industrial verticals. TechSci Research specializes in research-based consulting assignments in high growth and emerging markets, leading technologies and niche applications. Our workforce of more than 100 fulltime Analysts and Consultants employing innovative research solutions and tracking global and country specific high growth markets helps TechSci clients to lead rather than follow market trends.

Contact
Mr. Ken Mathews
708 Third Avenue,
Manhattan, NY,
New York – 10017
Tel: +1-646-360-1656
Email: sales@techsciresearch.com

Comments

Popular posts from this blog

Technological Advancements to Drive Europe Bus Market to $ 8.8 Billion by 2024

According to TechSci Research report,  “ Europe Bus Market  By Length, By Seating Capacity, By Fuel Type, By Body Type, By Country, Competition Forecast & Opportunities, 2014-2024”,  Europe bus market is projected to reach $ 8.8 billion by 2024 on account of rising technological advancements in automobile sector and increasing production of buses in Europe. Moreover, several initiatives have been taken by different countries in the European Union to support the expansion of region’s bus fleet and to address the growing concerns regarding rising pollution levels. Additionally, various smart city projects along with rising government focus on public transport sector is further anticipated to fuel Europe bus market over the next five years. Download Sample Report   @   http://www.techsciresearch.com/sample-report.aspx?cid=3409 Customers can also request for 10% free customization on this report. Inter-city and intra-city buses are popular in Euro...

Integrated Facility Management Market to Cross $ 127 Billion by 2024 : Global Analysis by TechSci Research

According to TechSci Research report, “ Global Integrated Facility Management Market  By Type, By Resource Type, By Solution, By Deployment Type, By End-User, By Region, Competition, Forecast & Opportunities, 2024 ”, integrated facility management market, globally, is projected to surpass $ 127 billion by 2024, on account of growing IoT adoption and increasing demand for connected devices for building automation across various industry verticals. Some of the other key factors that would have a positive impact on global integrated facility management market are growing presence of many enterprises, rising development of sustainable infrastructure, and changing organizational structure & work management. Browse XX market data Figures and Tables spread through XX Pages and an in-depth TOC on     "Global Integrated Facility Management Market" https://www.techsciresearch.com/report/integrated-facility-management-market/3859.html By deplo...

Vibration Energy Harvesting Systems Market to Reach USD 183 Million by 2024

According to a report published by TechSci Research on  Global Vibration Energy Harvesting Systems Market  By Product, By Application, By Region, By Company, Competition, Forecast & Opportunities, 2014-2024 , the global vibration energy harvesting systems market is projected to reach $ 183 million by 2024, on the back of growing demand for power-efficient and durable systems that require minimum or no maintenance. Moreover, extensive implementation of IoT devices in automation and energy harvesting technology in building & home automation, increasing trend for green energy and favorable initiatives by governments are also bolstering the growth of global vibration energy harvesting systems market. By application, global vibration energy harvesting systems market is dominated by consumer electronics segment, majorly owing to the increasing demand for wireless sensing gadgets and low power portable gadgets without an external power supply. Vibration energy harvest...