Instrument Transformers Market by Type (Current, Potential, and Combined Instrument Transformers), Enclosure Type (Indoor and Outdoor), Dielectric Medium (Solid, Liquid, and SF6 Gas), Voltage, Application, End-User, and Region - Global Forecast to 2022

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Date: 08-Jan-2018
No. of pages: 171
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“The instrument transformers market is projected to grow at a CAGR of 4.35%, from 2017 to 2022”

The global instrument transformers market is estimated at USD 7.32 billion in 2017 and is projected to grow at a CAGR of 4.35%to reach USD 9.06 billion by 2022. The global market is set to witness a significant growth due to increasing emphasis on alternative energy production across the globe, refurbishment of aging infrastructure, and huge investments in smart grids and energy systems. Although some cost bearing constraints in the installation of instrument transformers are being observed, still emerging economies are expected to create better opportunities for the instrument transformers market. The delay in grid expansion is expected to be a major challenge for the growth in the instrument transformers market.

“The distribution voltage segment is expected to have the largest market share by 2022”

With regards to the voltage segment, the distribution voltage segment is expected to constitute the largest market by 2022. The distribution voltage has been considered between 0.72 kV and 36 kV in this report. The main application of instrument transformers is to offer electrical protection against overload currents, insulation failure, and emergency switching for residential and commercial infrastructures. They also find application for the protection of industrial equipment, such as generators, motors and compressors, HVAC and air-conditioning, heating and lighting equipment, step up transformer bushing, overload current protection, and electric arc protection in transmission and distribution sub-stations, along with the measurement of electrical parameters. Due to their application at various end-user points in the distribution grid infrastructure, the segment is expected to dominate the market by 2022.

“Middle East: The fastest growing market for instrument transformers”

The instrument transformers market is projected to grow at a fast pace in the Middle East. This region is undergoing rapid electricity infrastructure development to maintain the demand-supply balance. Moreover, countries such as the UAE are investing heavily in diversifying their energy mix and are trying to tap into renewable sources. Qatar is set to be the host of the FIFA World Cup 2022 and the country needs to upgrade its infrastructure. The process of upgradation would create substantial opportunities for the suppliers of instrument transformers. Furthermore, increasing government investments in the economic and infrastructure growth are expected to boost the Middle Eastern instrument transformers market. The tremendous surge in energy demand, precipitated by the ongoing infrastructure development activities for the Dubai Expo 2020, would also drive the growth of the regional market.

Breakdown of Primaries:

In-depth interviews have been conducted with various key industry participants, subject-matter experts, C-level executives of key market players, and industry consultants, among other experts, to obtain and verify critical qualitative and quantitative information, as well as to assess future market prospects. The distribution of primary interviews is as follows:


  • By Company Type: Tier 1- 41%, Tier 2- 37%, Tier 3- 22%

  • By Designation: C–Level- 44%, Director Level- 31%, Others- 25%

  • By Region: North America-32%, Europe-21%, Asia Pacific-26%, South America-5%, Middle East-11%, and Africa-5%


Note: Others includes sales managers, product managers, and design engineers

The tier of the company has been defined on the basis of its total revenue, as of 2013: Tier 1 = > USD 1 billion, Tier 2 = From USD 1 billion to USD 500 million, and Tier 3 = < USD 500 million

Some of the prominent players in the power quality equipment market include ABB (Switzerland), Siemens (Germany), Schneider Electric (France), and GE (US).

Research Coverage:

The report defines, describes, and forecasts the global instrument transformers market by type, voltage, dielectric medium, enclosure type, application, end-user, and region. It also offers a detailed qualitative and quantitative analysis of the market. The report provides a comprehensive review of the major market drivers, restraints, opportunities, challenges, winning imperatives, and key issues. It also covers various important aspects of the market.

Why buy this report?


  • The report identifies and addresses key markets for instrument transformers, which would help suppliers review the growth in the demand for the product.

  • The report helps solution providers understand the pulse of the market, and provide insights into drivers, restraints, and challenges.

  • The report will help key players understand the strategies of their competitors better and will help in making strategic decisions.

Instrument Transformers Market by Type (Current, Potential, and Combined Instrument Transformers), Enclosure Type (Indoor and Outdoor), Dielectric Medium (Solid, Liquid, and SF6 Gas), Voltage, Application, End-User, and Region - Global Forecast to 2022

Table of Contents

1 Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.3 Market Scope
1.3.1 Markets Covered
1.3.2 Regional Scope
1.3.3 Years Considered for the Study
1.4 Currency
1.5 Stakeholders

2 Research Methodology
2.1 Research Data
2.1.1 Secondary Data
2.1.1.1 Key Data From Secondary Sources
2.1.2 Primary Data
2.1.2.1 Key Data From Primary Sources
2.1.2.2 Key Industry Insights
2.1.2.3 Breakdown of Primaries
2.2 Market Size Estimation
2.2.1 Bottom-Up Approach
2.2.2 Top-Down Approach
2.3 Data Triangulation
2.4 Limitations
2.5 Research Assumptions
2.5.1 Assumptions

3 Executive Summary

4 Premium Insights
4.1 Attractive Opportunities in the Instrument Transformers Market
4.2 Asia Pacific Instrument Transformers Market, By End-User & By Country
4.3 Instrument Transformers Market, By Country
4.4 Instrument Transformers Market, By Type
4.5 Instrument Transformers Market, By Application
4.6 Instrument Transformers Market, By Dielectric Medium

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Rise in Alternative Energy Programs
5.2.1.2 Refurbishment of the Aging Power Infrastructure
5.2.1.3 Huge Investments in Smart Grids and Energy Systems
5.2.2 Restraints
5.2.2.1 Increasing Competition From the Unorganized Sector of the Instrument Transformer Market
5.2.3 Opportunities
5.2.3.1 Increasing Investments in the Transmission & Distribution Infrastructure
5.2.3.2 Expanding Cross-Border Electricity Trade
5.2.3.3 Adoption of the Hvdc Technology for Long Distance Transmission
5.2.4 Challenges
5.2.4.1 Delays in Grid Expansion Projects

6 Instrument Transformers Market, By Type
6.1 Introduction
6.2 Current Transformers
6.3 Potential Transformers
6.3.1 Inductive Potential Transformers
6.3.2 Capacitive Potential Transformers
6.4 Combined Instrument Transformers

7 Instrument Transformers Market, By Dielectric Medium
7.1 Introduction
7.2 Liquid Dielectric Instrument Transformers
7.3 SF6 Gas Dielectric Instrument Transformers
7.4 Solid Dielectric Instrument Transformers

8 Instrument Transformers Market, By Voltage
8.1 Introduction
8.2 Distribution Voltage
8.3 Sub-Transmission Voltage
8.4 High Voltage Transmission
8.5 Extra High Voltage Transmission
8.6 Ultra-High Voltage Transmission

9 Instrument Transformers Market, By Enclosure Type
9.1 Introduction
9.2 Indoor Instrument Transformers
9.3 Outdoor Instrument Transformers

10 Instrument Transformers Market, By Application
10.1 Introduction
10.2 Transformer & Circuit Breaker Bushing
10.3 Switchgear Assemblies
10.4 Relaying
10.5 Metering & Protection

11 Instrument Transformers Market, By End-User
11.1 Introduction
11.2 Power Utilities
11.2.1 Power Transmission Utilities
11.2.2 Power Distribution Utilities
11.3 Power Generation
11.4 Railways & Metros
11.5 Industries & OEMS
11.5.1 Oil & Gas
11.5.2 Iron & Steel
11.5.3 Cement
11.5.4 Chemicals
11.5.5 Automobiles
11.5.6 Industrial Machinery

12 Instrument Transformers Market, By Region
12.1 Introduction
12.2 North America
12.2.1 US
12.2.2 Canada
12.2.3 Mexico
12.3 Europe
12.3.1 Germany
12.3.2 UK
12.3.3 France
12.3.4 Spain
12.3.5 Sweden
12.3.6 Norway
12.3.7 Russia
12.3.8 Rest of Europe
12.4 Asia Pacific
12.4.1 China
12.4.2 India
12.4.3 Japan
12.4.4 South Korea
12.4.5 Australia
12.4.6 Rest of Asia Pacific
12.5 Middle East
12.5.1 Saudi Arabia
12.5.2 UAE
12.5.3 Qatar
12.5.4 Rest of the Middle East
12.6 South America
12.6.1 Brazil
12.6.2 Argentina
12.6.3 Chile
12.6.4 Rest of South America
12.7 Africa
12.7.1 South Africa
12.7.2 Kenya
12.7.3 Nigeria
12.7.4 Rest of Africa

13 Competitive Landscape
13.1 Introduction
13.2 Market Ranking Analysis
13.3 Competitive Scenario
13.3.1 Contracts & Agreements
13.3.2 Investments & Expansions
13.3.3 Mergers & Acquisitions
13.3.4 Joint Ventures

14 Company Profiles
(Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View)*
14.1 ABB
14.2 GE
14.3 Mitsubishi Electric
14.4 Schneider Electric
14.5 Siemens
14.6 Arteche
14.7 BHEL
14.8 CG Power
14.9 Nissin Electric
14.10 EMEK
14.11 Indian Transformers Company
14.12 Instrument Transformer Equipment
14.13 Konèar-Instrument Transformers
14.14 Pfiffner Instrument Transformers
14.15 Ritz Instrument Transformers

*Details on Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View Might Not Be Captured in Case of Unlisted Companies.

15 Appendix
15.1 Insights of Industry Experts
15.2 Discussion Guide
15.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
15.4 Introducing RT: Real-Time Market Intelligence
15.5 Available Customizations
15.6 Related Reports
15.7 Author Details

List of Tables

Table 1 Instrument Transformers Market Snapshot
Table 2 Comparison Between Current Transformers & Potential Transformers
Table 3 Key Smart Grid Investment Initiatives
Table 4 Global T&D Infrastructure Expansion Plans
Table 5 Instrument Transformers Market Size, By Type, 2015–2022 (USD Billion)
Table 6 Current Transformers Market Size, By Region, 2015–2022 (USD Million)
Table 7 Potential Transformers Market Size, By Region, 2015–2022 (USD Million)
Table 8 Potential Transformers Market Size, By Type, 2015–2022 (USD Million)
Table 9 Combined Transformers Market Size, By Region, 2015–2022 (USD Million)
Table 10 Instrument Transformers Market Size, By Dielectric Medium, 2015–2022 (USD Billion)
Table 11 Liquid Dielectric Instrument Transformers Market Size, By Region, 2015–2022 (USD Million)
Table 12 SF6 Gas Dielectric Instrument Transformers Market Size, By Region, 2015–2022 (USD Million)
Table 13 Solid Dielectric Instrument Transformers Market Size, By Region, 2015–2022 (USD Million)
Table 14 Company Competitive Analysis By Product Offering Across the Voltage Segment
Table 15 Instrument Transformers Market Size, By Voltage, 2015–2022 (USD Billion)
Table 16 Distribution Voltage: Instrument Transformers Market Size, By Region, 2015–2022 (USD Million)
Table 17 Sub-Transmission Voltage: Instrument Transformers Market Size, By Region, 2015–2022 (USD Million)
Table 18 High Voltage Transmission: Instrument Transformers Market Size, By Region, 2015–2022 (USD Million)
Table 19 Extra High Voltage Transmission: Instrument Transformers Market Size, By Region, 2015–2022 (USD Million)
Table 20 Instrument Transformers Market Size, By Enclosure Type, 2015–2022 (USD Billion)
Table 21 Indoor Instrument Transformers Market Size, By Region, 2015–2022 (USD Million)
Table 22 Outdoor Instrument Transformers Market Size, By Region, 2015–2022 (USD Million)
Table 23 Instrument Transformers Market Size, By Application, 2015–2022 (USD Million)
Table 24 Transformer & Circuit Breaker Bushing: Instrument Transformers Market Size, By Region, 2015–2022 (USD Million)
Table 25 Switchgear Assemblies: Instrument Transformers Market Size, By Region, 2015–2022 (USD Million)
Table 26 Relaying: Instrument Transformers Market Size, By Region, 2015–2022 (USD Million)
Table 27 Metering & Protection: Instrument Transformers Market Size, By Region, 2015–2022 (USD Million)
Table 28 Instrument Transformers Market Size, By End-User, 2015–2022 (USD Billion)
Table 29 Power Utilities: Instrument Transformers Market Size, By Utility Type, 2015–2022 (USD Million)
Table 30 Power Utilities: Instrument Transformers Market Size, By Region, 2015–2022 (USD Million)
Table 31 Power Generation: Instrument Transformers Market Size, By Region, 2015–2022 (USD Million)
Table 32 Railways & Metros: Instrument Transformers Market Size, By Region, 2015–2022 (USD Million)
Table 33 Industries & OEMS: Instrument Transformers Market Size, By Industry Type, 2015–2022 (USD Million)
Table 34 Industries & OEMS: Instrument Transformers Market Size, By Region, 2015–2022 (USD Million)
Table 35 Cement Production of Top 5 Countries, 2012–2015 (Million Tonnes)
Table 36 Instrument Transformers Market Size, By Region, 2015–2022 (USD Million)
Table 37 North America: Instrument Transformers Market Size, By Country, 2015–2022 (USD Million)
Table 38 North America: Instrument Transformers Market Size, By Dielectric Medium, 2015–2022 (USD Million)
Table 39 North America: Instrument Transformers Market Size, By Enclosure Type, 2015–2022 (USD Million)
Table 40 North America: Instrument Transformers Market Size, By Application, 2015–2022 (USD Million)
Table 41 North America: Instrument Transformers Market Size, By End-User, 2015–2022 (USD Million)
Table 42 US: Instrument Transformers Market Size, By Type, 2015–2022 (USD Million)
Table 43 Canada: Instrument Transformers Market Size, By Type, 2015–2022 (USD Million)
Table 44 Mexico: Instrument Transformers Market Size, By Type, 2015–2022 (USD Million)
Table 45 Europe: Instrument Transformers Market Size, By Country, 2015–2022 (USD Million)
Table 46 Europe: Instrument Transformers Market Size, By Dielectric Medium, 2015–2022 (USD Million)
Table 47 Europe: Instrument Transformers Market Size, By Enclosure Type, 2015–2022 (USD Million)
Table 48 Europe: Instrument Transformers Market Size, By Application, 2015–2022 (USD Million)
Table 49 Europe: Instrument Transformers Market Size, By End-User, 2015–2022 (USD Million)
Table 50 Germany: Instrument Transformers Market Size, By Type, 2015–2022 (USD Million)
Table 51 UK: Instrument Transformers Market Size, By Type, 2015–2022 (USD Million)
Table 52 France: Instrument Transformers Market Size, By Type, 2015–2022 (USD Million)
Table 53 Spain: Instrument Transformers Market Size, By Type, 2015–2022 (USD Million)
Table 54 Sweden: Instrument Transformers Market Size, By Type, 2015–2022 (USD Million)
Table 55 Norway: Instrument Transformers Market Size, By Type, 2015–2022 (USD Million)
Table 56 Russia: Instrument Transformers Market Size, By Type, 2015–2022 (USD Million)
Table 57 Rest of Europe: Instrument Transformers Market Size, By Type, 2015–2022 (USD Million)
Table 58 Asia Pacific: Instrument Transformers Market Size, By Country, 2015–2022 (USD Million)
Table 59 Asia-Pacific: Instrument Transformers Market Size, By Dielectric Medium, 2015–2022 (USD Million)
Table 60 Asia Pacific: Instrument Transformers Market Size, By Enclosure Type, 2015–2022 (USD Million)
Table 61 Asia Pacific: Instrument Transformers Market Size, By Application, 2015–2022 (USD Million)
Table 62 Asia Pacific: Instrument Transformers Market Size, By End-User, 2015–2022 (USD Million)
Table 63 China: Instrument Transformers Market Size, By Type, 2015–2022 (USD Million)
Table 64 India: Instrument Transformers Market Size, By Type, 2015–2022 (USD Million)
Table 65 Japan: Instrument Transformers Market Size, By Type, 2015–2022 (USD Million)
Table 66 South Korea: Instrument Transformers Market Size, By Type, 2015–2022 (USD Million)
Table 67 Australia: Instrument Transformers Market Size, By Type, 2015–2022 (USD Million)
Table 68 Rest of Asia Pacific: Instrument Transformers Market Size, By Type, 2015–2022 (USD Million)
Table 69 Middle East: Instrument Transformers Market Size, By Country, 2015–2022 (USD Million)
Table 70 Middle East: Instrument Transformers Market Size, By Dielectric Medium, 2015–2022 (USD Million)
Table 71 Middle East: Instrument Transformers Market Size, By Enclosure Type, 2015–2022 (USD Million)
Table 72 Middle East: Instrument Transformers Market Size, By Application, 2015–2022 (USD Million)
Table 73 Middle East: Instrument Transformers Market Size, By End-User, 2015–2022 (USD Million)
Table 74 Saudi Arabia: Instrument Transformers Market Size, By Type, 2015–2022 (USD Million)
Table 75 UAE: Instrument Transformers Market Size, By Type, 2015–2022 (USD Million)
Table 76 Qatar: Instrument Transformers Market Size, By Type, 2015–2022 (USD Million)
Table 77 Rest of the Middle East: Instrument Transformers Market Size, By Type, 2015–2022 (USD Million)
Table 78 South America: Instrument Transformers Market Size, By Country, 2015–2022 (USD Million)
Table 79 South America: Instrument Transformers Market Size, By Dielectric Medium, 2015–2022 (USD Million)
Table 80 South America: Instrument Transformers Market Size, By Enclosure Type, 2015–2022 (USD Million)
Table 81 South America: Instrument Transformers Market Size, By Application, 2015–2022 (USD Million)
Table 82 South America: Instrument Transformers Market Size, By End-User, 2015–2022 (USD Million)
Table 83 Brazil: Instrument Transformers Market Size, By Type, 2015–2022 (USD Million)
Table 84 Argentina: Instrument Transformers Market Size, By Type, 2015–2022 (USD Million)
Table 85 Chile: Instrument Transformers Market Size, By Type, 2015–2022 (USD Million)
Table 86 Rest of South America: Instrument Transformers Market Size, By Type, 2015–2022 (USD Million)
Table 87 Africa: Instrument Transformers Market Size, By Country, 2015–2022 (USD Million)
Table 88 Africa: Instrument Transformers Market Size, By Dielectric Medium, 2015–2022 (USD Million)
Table 89 Africa: Instrument Transformers Market Size, By Enclosure Type, 2015–2022 (USD Million)
Table 90 Africa: Instrument Transformers Market Size, By Application, 2015–2022 (USD Million)
Table 91 Africa: Instrument Transformers Market Size, By End-User, 2015–2022 (USD Million)
Table 92 South Africa: Instrument Transformers Market Size, By Type, 2015–2022 (USD Million)
Table 93 Kenya: Instrument Transformers Market Size, By Type, 2015–2022 (USD Million)
Table 94 Nigeria: Instrument Transformers Market Size, By Type, 2015–2022 (USD Million)
Table 95 Rest of Africa: Instrument Transformers Market Size, By Type, 2015–2022 (USD Million)
Table 96 Contracts & Agreements
Table 97 Investemnts & Expansions
Table 98 Mergers & Acquisitions
Table 99 Joint Ventures

List of Figures

Figure 1 Market Segmentation: Instrument Transformers Market
Figure 2 Countries Covered
Figure 3 Research Design
Figure 4 Market Size Estimation Methodology: Bottom-Up Approach
Figure 5 Market Size Estimation Methodology: Top-Down Approach
Figure 6 Data Triangulation Methodology
Figure 7 Asia Pacific Held the Largest Share of the Instrument Transformers Market in 2016
Figure 8 The Liquid Dielectric Segment is Expected to Dominate the Market During the Forecast Period
Figure 9 The Current Transformers Segment is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 10 The Power Utilities Segment is Expected to Dominate the Instrument Transformers Market During the Forecast Period
Figure 11 The Transformer and Circuit Breaker Bushing Segment is Expected to Dominate the Instrument Transformers Market During the Forecast Period
Figure 12 The Distribution Voltage Segment is Expected to Dominate the Instrument Transformers During the Forecast Peri0d
Figure 13 Outdoor Segment is Expected to Dominate the Instrument Transformers Market During the Forecast Period
Figure 14 Rise in Alternative Energy Programs is Expected to Drive the Instrument Transformers Market During the Forecast Period
Figure 15 The Power Utilities End-User Segment & the Chinese Market Held the Maximum Share of the Instrument Transformers Market in Asia Pacific in 2016
Figure 16 US Held the Largest Share in 2016
Figure 17 The Current Transformers Segment is Expected to Dominate the Market During the Forecast Period
Figure 18 The Transformer & Circuit Breaker Bushing Segment is Expected to Lead the Instrument Transformers Market During the Forecast Period
Figure 19 The Liquid Dielectric Medium Segment is Expected to Lead the Instrument Transformers Market During the Forecast Period
Figure 20 Instrument Transformers: Drivers, Restraints, Opportunities, & Threats
Figure 21 Total Renewable Energy Capacity (2013-2015)
Figure 22 The Current Transformers Segment is Expected to Hold the Largest Market Size in 2022
Figure 23 Instrument Transformers With Liquid Dielectric Medium is Expected to Hold the Largest Market Size in 2022
Figure 24 Instrument Transformers for Distribution Voltage is Expected to Hold the Largest Market Size in 2022
Figure 25 Company Comparative Analysis at All Voltages
Figure 26 The Outdoor Instrument Transformers Segment is Expected to Hold the Larger Market Size in 2022
Figure 27 Transformer & Circuit Breaker Bushing Segment is Expected to Hold the Largest Market Size in 2022
Figure 28 Power Utilities Segment is Expected to Hold the Largest Market Size in 2022
Figure 29 Regional Snapshot: the Market in the Middle East is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 30 US Held the Largest Share of the Instrument Transformers Market in North America in 2016
Figure 31 Germany Held the Largest Share of the Instrument Transformers Market in Europe in 2016
Figure 32 China Holds the Largest Share of the Instrument Transformers Market in Asia Pacific in 2016
Figure 33 Asia Pacific: Market Snapshot
Figure 34 Saudi Arabia Held the Largest Share of the Instrument Transformers Market in the Middle East in 2016
Figure 35 Middle East: Instrument Transformers Market Snapshot (2017–2022)
Figure 36 Brazil Holds the Largest Share of the Instrument Transformers Market in South America in 2016
Figure 37 South Africa Held the Largest Share of the Instrument Transformers Market in Africa in 2016
Figure 38 Key Developments in the Instrument Transformers Market, 2014–2017
Figure 39 Market Ranking, 2016
Figure 40 ABB: Company Snapshot
Figure 41 GE: Company Snapshot
Figure 42 Mitsubishi Electric: Company Snapshot
Figure 43 Schneider Electric: Company Snapshot
Figure 44 Siemens: Company Snapshot
Figure 45 Arteche: Company Snapshot
Figure 46 BHEL: Company Snapshot
Figure 47 CG Power: Company Snapshot
Figure 48 Nissin Electric: Company Snapshot

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