Current transformers find applications in alternating current (AC) systems where they are used to measure current. To protect the electrical system, current transformers are often used with protective relays incorporated into the network. The operating current levels of any electrical system are high and it becomes difficult to measure the current due to the lack of availability of any equipment capable of measuring such high values of current. The devices that are available for measurement purpose are capable of measuring current at 5A level. The basic function of a current transformer is to step down the current of any AC system to a value that can be measured using available devices. This has increased the popularity of current transformers within the power generation sector.
Technavio’s analysts forecast the global current transformers market to grow at a CAGR of 7.81% during the period 2017-2021.
Covered in this report The report covers the present scenario and the growth prospects of the global current transformers market for 2017-2021. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography: - Americas - APAC - EMEA
Technavio's report, Global Current Transformers Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors - ABB - CG - General Electric - Instrument Transformers - Schneider Electric
Other prominent vendors - Amran - ARTECHE - CHINA XD GROUP - Continental Control Systems - CGS Instrument Transformers - Huayi Electric Apparatus Group - Hammond Manufacturing - ITEC - KONCAR - ELECTRICAL INDUSTRY - Jiangsu Sieyuan Hertz Instrument Transformer - Meramec Instrument Trasnsformer - Nissin Electric - PFIFFNER Instrument Transformers - RITZ - TBEA - TRENCH Group (Siemens) - Yokogawa Meters & Instruments - Zelisko (Knorr-Bremse Group)
Market driver - Enhanced accuracy of current transformers at extremely low current levels. - For a full, detailed list, view our report
Market challenge - High cost of upgrading distribution networks and weak financial health of distribution sector. - For a full, detailed list, view our report
Market trend - Auxiliary current transformers. - For a full, detailed list, view our report
Key questions answered in this report - What will the market size be in 2021 and what will the growth rate be? - What are the key market trends? - What is driving this market? - What are the challenges to market growth? - Who are the key vendors in this market space? - What are the market opportunities and threats faced by the key vendors? - What are the strengths and weaknesses of the key vendors?
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Methodology Research methodology is based on extensive primary and secondary research. Primary research includes in-depth interviews with industry experts, vendors, resellers and customers. Secondary research includes Technavio Platform, industry publications, company reports, news articles, analyst reports, trade associations and the data published by Government agencies.
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