The analysts forecast the global instrument transformer market to grow at a CAGR of 7.81% during the period 2016-2020.
Global Instrument Transformer Market 2016-2020 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.
According to the report, one of the main drivers promoting growth for this market is the modernization of existing transformers. The increase in installation activities with respect to new transformers and the replacement of old transformers with new ones are impacting the growth of the global transformer monitoring solutions market.
An analyst said that the incorporation of fuses in voltage transformers is one the key trends in this market.
The key players in the global instrument transformer market: ABB, Crompton Greaves, GE, ITL, and Schneider Electric Other prominent vendors in the market are: China XD Group, Huayi Electric Apparatus, Jiangsu Sieyuan Hertz Instrument Transformer, Nissin Electric, and TBEA.