Global HV Instrument Transformer Market To Reach 3.6 Billion USD By 2022

Date: 2018-02-01

HV Instrument transformers are high accuracy class electrical devices used to isolate or transform voltage or current levels. The most common usage of instrument transformers is to operate instruments or metering from high voltage or high current circuits, safely isolating secondary control circuitry from the high voltages or currents.

With the rising population around the world which continuously demanding energy will continue to be the market driver for HV Instrument Transformer, and under the impact of improving and evolving technologies, the large investments in smart grids and energy systems will further strengthening the growth of HV Instrument Transformer market. According to research, the global HV Instrument Transformer market is expected to reach 3.6 billion USD by 2022, at a CAGR of 4.3% between 2018-2022.

Geographically, Asia-Pacific is projected to grow at the highest growth rate during the forecast period, especially in India and China. China had the most number of T&D network expansion projects; the State Grid Corporation of China (SGCC) has pushed for approval of a massive USD 250 billion upgrade plan that will link regional grids through 20 HVDC power corridors by 2022, further, the countries like China and India, where are undergoing a urbanization and village reform would expect helping the growth.

Global top manufacturers operating in HV Instrument Transformer market are ABB, Arteche, Bhel, CG Power, Emek, GE, Indian Transformers Company, Instrument Transformer Equipment, Koncar-Instrument Transformers, Mitsubishi Electric, Nissin Electric, Pfiffner Instrument Transformers, Ritz Instrument Transformers, Schneider Electric, and Siemens among others.

Global HV Instrument Transformer market share by geography as following:

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Joanna | Executive – International Business and partner Relations
E-mail: | Tel: 510-400-8520


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