Instrument Transformer Market size for 2016 was valued over USD 3 billion and the annual installation is set to exceed 50 thousand units by 2024
Rising electricity demand coupled with growing concerns pertaining to grid stability in the recent years will augment the instrument transformer market. Soaring investments toward rural electrification along with refurbishment of existing grid infrastruct
(EMAILWIRE.COM, August 22, 2018 ) Instrument Transformer market is expected to surpass USD 7 billion by 2024. Growing demand for electricity subjected to rapid urbanization have instigated concerns related to grid stability, which in turn will propel the instrument transformer market share. Ongoing urban migration followed by rising infrastructural investments will further stimulate the deployment of effective monitoring and control transmission & distribution systems. Sustainable economic proliferation coupled with revamping lifestyle have led to an exponential increase in the peak load energy demand. Hence, growing demand for energy across the globe owing to the ongoing social and economic reformation will augment the business outlook.
France instrument transformer market is projected to exceed USD 100 million by 2024. Strict regulatory reforms related to emissions control along with rapid technological advancements to sustain with energy efficient grid infrastructure will propel the business landscape. Growing investments across the renewable sector owing to inclination towards clean energy will further escalate the product demand across the country.
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In September 2017, the French government announced its plan to invest around USD 23.8 billion towards its energy transition plan. The investment plan includes USD 8.3 billion for renewables, USD 10.7 billion towards improved energy efficiency, and USD 4.8 billion to precipitate the switch to cleaner vehicles.
Oil immersed accounted for over 50% of the global instrument transformer market share in 2016. Applicability across high voltage applications along with its key features including economical cost structure, effective insulation and di-electric strength will further fuel the product penetration. The technology since its inception has witnessed several advancements on account of its higher operational flexibility and voltage output with its application across commercial and utility electrical networks.
Increasing rural electrification demand across Africa & Asia Pacific supported by growing investments from financial institutions including Asian Development Bank (ADB) and the World Bank will positively influence the instrument transformer market growth. Re-structuring of electrical grid networks across war affected nations including Syria, Sudan and Iraq will complement the industry outlook. In 2017, the World Bank proclaimed to invest USD 4 million towards the expansion of electrical grid network across the Pacific Island.
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The U.S. instrument transformer market is set to witness significant growth subjected to growing demand for the refurbishment of ageing grid infrastructure coupled with rapid expansion of effective transmission & distribution networks. Favorable regulatory reforms related to grid stability and energy efficiency will further embellish the product demand in the region. Ongoing trends toward the adoption of sustainable technologies coupled with rapidly advancing monitoring and control technologies will drive the business outlook.
Key players across the instrument transformer market include GE, ABB, Siemens, Amran Inc, ITL, Weidmann, Crompton Greaves, Raychem RPG, ITEC, Schneider Electric, Meramec, KONCAR, EATON, Toshiba, HEYI Electrical, TRENCH, Mitsubishi, BHEL, DENT Instruments, Celme, Mehru, and Ruhstrat.
France instrument transformer market is projected to exceed USD 100 million by 2024. Strict regulatory reforms related to emissions control along with rapid technological advancements to sustain with energy efficient grid infrastructure will propel the business landscape. Growing investments across the renewable sector owing to inclination towards clean energy will further escalate the product demand across the country.
Request for Sample Copy of this research report @ https://www.gminsights.com/request-sample/detail/2141
In September 2017, the French government announced its plan to invest around USD 23.8 billion towards its energy transition plan. The investment plan includes USD 8.3 billion for renewables, USD 10.7 billion towards improved energy efficiency, and USD 4.8 billion to precipitate the switch to cleaner vehicles.
Oil immersed accounted for over 50% of the global instrument transformer market share in 2016. Applicability across high voltage applications along with its key features including economical cost structure, effective insulation and di-electric strength will further fuel the product penetration. The technology since its inception has witnessed several advancements on account of its higher operational flexibility and voltage output with its application across commercial and utility electrical networks.
Increasing rural electrification demand across Africa & Asia Pacific supported by growing investments from financial institutions including Asian Development Bank (ADB) and the World Bank will positively influence the instrument transformer market growth. Re-structuring of electrical grid networks across war affected nations including Syria, Sudan and Iraq will complement the industry outlook. In 2017, the World Bank proclaimed to invest USD 4 million towards the expansion of electrical grid network across the Pacific Island.
Make an inquiry for purchasing this report @ https://www.gminsights.com/inquiry-before-buying/2141
The U.S. instrument transformer market is set to witness significant growth subjected to growing demand for the refurbishment of ageing grid infrastructure coupled with rapid expansion of effective transmission & distribution networks. Favorable regulatory reforms related to grid stability and energy efficiency will further embellish the product demand in the region. Ongoing trends toward the adoption of sustainable technologies coupled with rapidly advancing monitoring and control technologies will drive the business outlook.
Key players across the instrument transformer market include GE, ABB, Siemens, Amran Inc, ITL, Weidmann, Crompton Greaves, Raychem RPG, ITEC, Schneider Electric, Meramec, KONCAR, EATON, Toshiba, HEYI Electrical, TRENCH, Mitsubishi, BHEL, DENT Instruments, Celme, Mehru, and Ruhstrat.
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Global Market Insights, Inc.
Arun Hegde
Tel: 1-888-689-0688
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results