About Casting Current Transformer
Casting Current Transformer is a dry type of transformer in which the internal windings and coils of the transformer are coated with epoxy resin for Insulation purposes. It is widely used in instrument transformers where the primary function is to step down high currents and voltage. Some of the properties of cast-resin transformers such as the low risk of fire, less requirement for cooling liquids, easy maintenance, below-average operating costs, and a layer of epoxy that protects it from dust and corrosion also perfects its use in various end-use industries.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 9.6% |
The global market is highly competitive and consists of a limited number of providers who compete with each other. The intense competition, changing consumer spending patterns, demographic trends, and frequent changes in consumer preferences pose significant opportunities for market growth. Analyst at AMA Research estimates that Global Manufacturers will contribute the maximum growth to Global Casting Current Transformer market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
General Electric (United States), Eaton Corporation (Ireland), ABB (Switzerland), Schneider Electric (France), Fuji Electric (Japan), Siemens AG (Germany), Hammond Power Solutions (Canada), Nexans Maroc (France), Voltamp Transformers (India) and Legrand (France) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are Gemini Instratech Ltd. (India), Kaldera Company (Bosnia-Herzegovina), Hobut (United Kingdom) and Kirloskar Electric Co. Ltd. (India).
Segmentation Overview
AMA Research has segmented the market of Global Casting Current Transformer market by Type (AN (Naturally cooled) Type and AF (Forced-air-cooled) Type), Application (Industrial, Commercial and Others) and Region.
On the basis of geography, the market of Casting Current 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). If we see Market by Sales Channel, the sub-segment i.e. Direct will boost the Casting Current Transformer market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Phase Type, the sub-segment i.e. Three-phase will boost the Casting Current Transformer market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Innovation in Machine Build for Multipurpose Setup
Market Growth Drivers:
Rising Demand for Efficient Current Transformers to Fuel Market’s Growth and Rising Demand for Heavy Duty Equipment and Hazard Proof Equipment for Longer Life Span
Challenges:
Skilled Labour Requirement for Operation
Restraints:
High Cost Involved in Setup, and Maintenance
Opportunities:
Continuous Focus On Research And Development To Improve Efficacy
Market Leaders and their expansionary development strategies
In 2021, Power management company Eaton acquired Tripp Lite, a leading supplier of power quality products and connectivity solutions including single-phase uninterruptible power supply systems, rack power distribution units, surge protectors, and enclosures for data centers, industrial, medical, and communications markets.
In October 2023, Mitsubishi Electric launched a new line of low-loss Casting Current Transformers designed for improved energy efficiency in power transmission and distribution systems.
Key Target Audience
Casting Current Transformer Manufacturer, Supplier/Distributor, Raw Material Manufacturer, Supplier/Distributor and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.