Potential Transformer Market Scope
Potential transformers (PT), are a parallel-connected type of instrument transformer often used to step down the voltage to a safe limit value which can be easily measured by the ordinary low voltage instrument like a voltmeter, wattmeter, and watt-hour meters, etc. It is designed to present a negligible load to the supply being measured and have an accurate voltage ratio and phase relationship to enable accurate secondary connected metering. Potential transformers come in single-phase and three-phase purpose for indoor and outdoor applications.
Research Analyst at AMA estimates that United States Manufacturers will contribute to the maximum growth of Global Potential Transformer market throughout the predicted period.
Siemens AG (Germany), GE Grid Solutions (United States), ABB (Switzerland), SNC Manufacturing (United States), Toshiba (Japan), KONCAR (Croatia), Schneider Electric (France), Eaton (Ireland), Arteche (Spain) and Pfiffner (Switzerland) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research are Automatic Electric Limited (India), FLEX-CORE (United States), Acutran (United States), Emek (Turkey), Dalian North Instrument Transformer Group Co., Ltd. (China) and XD Group (China).
Segmentation Overview
The study have segmented the market of Global Potential Transformer market by Type (Outdoor Potential Transformers (Electromagnetic, Capacitor, Optical) and Indoor Potential Transformers), by Application (Protection, Metering, Instrumentation and Others) and Region with country level break-up.
On the basis of geography, the market of Potential Transformer has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Influencing Trend:
Increasing Efficiency Levels and Reducing CO2 Emissions in Compliance with Stricter Environmental Norms and Use of High-Temperature Materials to Provide Variety of Economic, Environmental and Safety Benefits to the User
Market Growth Drivers:
Rising demand for potential transformer for low voltage application and growth of energy and power sector in developing economies are the key factors driving the demand of potential transformer., No problem of Overheating owing to Small Output and Huge Investments in Smart Grids and Energy Systems
Challenges:
Delays in Grid Expansion Projects
Restraints:
Increasing Competition from the Unorganized Sector
Opportunities:
Increasing Investments in the Transmission & Distribution Infrastructure, Expansion in Cross-Border Electricity Trade and Adoption of the HVDC Technology for Long Distance Transmission
Market Leaders and their Expansionary Development Strategies
On October 25, 2018, Siemens and PT. Trafoindo Prima Perkasa, a privately-owned transformer company based in Jakarta, has agreed to enter into a joint venture for the manufacturing of power transformers. The company will be named PT. Trafoindo Power Indonesia, a Joint Venture between Trafoindo and Siemens Company.
Key Target Audience
Potential Transformer Manufacturers, Raw Material Suppliers, Government and Public Enterprises, Power Distribution Companies, Traders/Exporters/Importers and Others
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.