Global Current Sense Transformers Market Overview:
Current Sense Transformer is used for the measurement of electrical currents. A current sense transformer produces a reduced current that can be conveniently connected to measuring and recording instruments. The major benefit of using current sense transformer is they consume less power to can measure very high current. These transformers are used at generating stations, electrical substations, industrial and commercial electric power distribution.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Forecast Period | 2022-2027 |
Historical Period | 2017-2021 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Influencing Trend:
Growing Adoption in Emerging Countries
Market Growth Drivers:
Extensive Use for Measuring Current and Monitoring the Operation of the Power Grid and Cost-Effective Advantage
Restraints:
Only Used for AC Circuits Not For DC Circuits
Opportunities:
Growing Use as Circuit Controller and Increasing Use to Provide Isolation Between Metering and Protection Circuits
Competitive Landscape:
In the current sense transformer market, it has been observed that most of the companies are upgrading or introducing innovative services. They rely on strategies such as mergers & acquisitions, product development, geographical expansion, technological innovation and sourcing strategies to enhance their market share.
Some of the key players profiled in the report are TDK Corporation (Japan), LEM (United States), Murata Manufacturing Co., Ltd. (Japan), Eaton Corporation (Ireland), Newava Technology (United States), PHOENIX CONTACT (I) Pvt. Ltd. (India), Acme Electric Corporation (United States), Amgis Toroids (United States), Bourns, Inc. (United States), KEMET Corporation (United States), Littelfuse, Inc. (United States), Pulse Electronics Corporation (United States), Red Lion (United States), Talema Group, LLC (United States) and Shenzhen Chuangyin Co., Ltd (China). Additionally, following companies can also be profiled that are part of our coverage like Dixsen (China), Yueqing Aiso Electric Co.,Ltd. (China), Triad Magnetics (United States) and Coilcraft (United States). Analyst at AMA Research see United States, Japan, and Chinese Players to retain maximum share of Global Current Sense Transformers market by 2027. Considering Market by Phase, the sub-segment i.e. Single Phase will boost the Current Sense Transformers market. Considering Market by Frequency, the sub-segment i.e. 50-100 Hz will boost the Current Sense Transformers market. Considering Market by Mounting , the sub-segment i.e. Surface Mount will boost the Current Sense Transformers market. Considering Market by Transformer Type, the sub-segment i.e. Wound will boost the Current Sense Transformers market. Considering Market by Power, the sub-segment i.e. Self Powered will boost the Current Sense Transformers market.
In April 2019, Eaton, a U.S. power management company has completed the acquisition Ulusoy Elektrik Imalat Taahhut ve Ticaret AS (Ulusoy Elektrik), a leading manufacturer of medium voltage electrical equipment based in Ankara, Turkey. Eaton purchased 82 percent interest of Ulusoy Elektrik for USD 21 billion.
Analyst View
The United States and China manufacturers will contribute to the maximum growth of the global current sense transformer market throughout the predicted period
What Can be Explored with the Current Sense Transformers Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Current Sense Transformers Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Current Sense Transformers
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Current Sense Transformers market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Current Sense Transformers market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Analysts and Strategic Business Planners, Current Sense Transformer Providers, Raw Material Suppliers, Venture Capitalists and Private Equity Firms, New Entrants/Investors, Government Regulatory and Research Organizations and End-Use Industries.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.