Kenneth Research, in its repository of market research reports, has recently added a report on Instrument Transformer Market that emphasizes the latest trends, key opportunities, drivers, and challenges associated with the growth of the market during the forecast period, i.e., 2022 – 2031. The Instrument Transformer Market is anticipated to grow primarily on account of the growing trade of ICT goods and services worldwide. According to the statistics by the World Bank, the exports of ICT goods globally increased from 11.164% of total goods exports in 2017 to 11.53% of total goods exports in 2019.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Instrument Transformer Market products.
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A report on Instrument Transformer Market has been added by Kenneth Research into its market research repository. The report provides an extensive analysis of the market by determining the relationship between the dependent and independent variables through correlation and regression for the forecast period, i.e., 2021 2025. The report on Instrument Transformer Market further provides the supply and demand risks associated with the growth of the market, and consists of macro-economic indicators that are contributing to the market growth. The market is thriving on account of the growing trade on fuel worldwide, backed by the rising demand for energy from the end-users.
According to the statistics by the World Bank, exports of fuel increased from 12.91% of merchandise exports in 2001 to 14.25% of merchandise exports in 2018. Additionally, imports of fuel registered a growth by 1.28x between the years 2001 and 2018. In 2001, the import of fuel was 10.30% of merchandise exports whereas in 2018, it was 13.19% of merchandise exports. On the other hand, the increasing focus of the players in the energy and power industry to lower their cost of operations so as to enhance their profitability, is also anticipated to contribute to the market growth. The natural gas rents, which is defined as the difference between the total cost of production of natural gas and the production value at world prices, decreased significantly from 0.40% of GDP in 2001 to 0.18% of GDP in 2017. Alternatively, the oil rents, which increased from 1.09% of GDP in 2001 to 1.30% of GDP in 2019, portrays the need amongst the players to enhance their focus in reducing the cost of production of oil.
A comprehensive research report created through extensive primary research (inputs from industry experts, companies, stakeholders) and secondary research, the report aims to present the analysis of instrument transformers market. The report analyses the instrument transformer market by Type (Current Transformer, Potential Transformer),
By Rating (High Voltage, Medium Voltage, Low Voltage) and By Application or End-Use (Process Industries, Power Transmission, Domestic, Railways, Others). The instrument transformer market has been assessed at a global level, by Region (North America, Europe, APAC, ROW) and
By Country (US, Mexico, Canada, UK, Germany, France, China, Japan, India, South Korea, Indonesia). The instrument transformer market has been assessed for the historical period of 2013-2017 and the forecast period of 2018-2023.
According to Analytics research report titled “Global Instrument Transformer Market: Analysis By Type (Current Transformer, Potential Transformer), By Rating (High Voltage, Medium Voltage, Low Voltage), By Application (Process Industries, Power Transmission, Domestic, Railways, Others), By Region, By Country (2018 Edition): Opportunities and Forecast (2013-2023)”, global instrument transformer market is projected to display a robust growth represented by a CAGR of 4.39% during 2018 – 2023.
Key factors driving the robust growth rate in Asia Pacific region include developing economy and leading global industries establishing their manufacturing and production units in countries such as China, India, Japan, South Korea, Singapore, Vietnam. Also, governments in various countries are focusing on complete electrification and use of renewable energy sources in power generation.
The report titled “Global Instrument Transformer Market: Analysis By Type (Current Transformer, Potential Transformer), By Rating (High Voltage, Medium Voltage, Low Voltage), By Application (Process Industries, Power Transmission, Domestic, Railways, Others), By Region, By Country (2018 Edition): Opportunities and Forecast (2013-2023)” has covered and analysed the potential of Global Instrument Transformers Market and provides statistics and information on market size, shares and growth factors. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment evaluation. Besides, the report also identifies and analyses the emerging trends along with major drivers, challenges and opportunities in the Global Instrument Transformers market. Additionally, the report also highlights market entry strategies for various companies across the globe.
The Final Report will cover the impact analysis of COVID-19 on this industry:
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Scope of the Report
Global Instrument Transformer Market (Actual Period: 2013-2017, Forecast Period: 2018-2023)
__Instrument Transformers, By Value
__Analysis By Type – Current Transformer and Potential Transformer
__Analysis By Rating – High Voltage, Medium Voltage, Low voltage
__Analysis By Application – Process Industries, Power Transmission, Domestic, Railways, Others
Regional Markets – North America, Europe, APAC, Rest of the World (Actual Period: 2013-2017, Forecast Period: 2018-2023)
__Instrument Transformers, By Value
__Analysis By Type – Current Transformer and Potential Transformer
__Analysis By Rating – High Voltage, Medium Voltage, Low voltage
__Analysis By Application – Process Industries, Power Transmission, Domestic, Railways, Others
Country Analysis – U.S., Mexico, Canada, United Kingdom, Germany, France, Russia, China, Japan, India, South Korea (Actual Period: 2013-2017, Forecast Period: 2018-2023)
__Instrument Transformers, By Value
__Analysis By Type – Current Transformer and Potential Transformer
__Analysis By Rating – High Voltage, Medium Voltage, Low voltage
__Analysis By Application – Process Industries, Power Transmission, Domestic, Railways, Others
Other Report Highlights
__Market Dynamics – Drivers and Restraints
__Market Trends
__SWOT Analysis
__Company Analysis – ABB (Switzerland), Siemens (Germany), Schneider Electric (France), General Electric (US), Mitsubishi Electric (Japan), BHEL (India), Nissin Electric (Japan), CG Power (India), Indian Transformers Company, Emek
The report could be customized according to the client’s specific research requirements. No additional cost will be required to pay for limited additional research.
The market report answers the following questions:
What is the aim of the report?
- The market report presents the estimated market size of market by the end of forecast period. Additionally, the historical and current market size is also examined in the report.
- Based on various indicators, the Year on Year growth (%) and compound annual growth rate (CAGR) for the given forecast period is offered.
- An overview of the market based on geographical scope, market segmentation and financial performance of key players is presented in the report.
- The report presents current trends in the industry and future scope of the market in North America, Asia Pacific, Europe, Latin America and Middle East and Africa.
- The various parameters accelerating the growth of the market are incorporated in the research report.
- The report analyzes growth rate, market size and valuation of the market during the forecast period.
What aspects regarding the regional analysis of market are included in this report?
- Geographical regions covered in the report include North America, Europe, Asia Pacific, Latin America and Middle East & Africa region.
- The report consists of detailed region-wise analysis of current and future market trends, providing information on product usage and consumption.
- The growth rate of the market in every region, including their countries over the forecast period is included in the market report.
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