Magnetic Optical Current Transformer Market: Industry Analysis and Forecast (2022-2029)

Magnetic Optical Current Transformer Market was valued at US$ 183.35 Bn in 2021 and is expected to reach US$ 328.22 Bn by 2029, at a CAGR of 7.55 %.

Magnetic Optical Current Transformer Market Introduction

In the power system instrumentation, the magneto-optic current transformer plays a very crucial role. To measure the electric current, power stations and substations make use of the current transformers that are of the inductive type having windings and core. The advantage of magneto-optic current transformer such as its high voltage tolerance and absence of saturation state broadens its application across power stations industry and instrumentation.Magnetic Optical Current Transformer MarketTo know about the Research Methodology :- Request Free Sample Report

Magnetic Optical Current Transformer Market Dynamics

The demand for advanced electrical equipment such as magneto optic current transformer increases in the coming years, owing to the limitations of the conventional current transformers such as the electromagnetic interference, under the high current there is a saturation of the magnetic field, and complex cooling structures and insulation are driving the growth of the market. Different fundamental properties of magneto optic current transformer which include the ability to measure the AC & DC, the resistance against electromagnetic interferences, and nonexistence of the saturation effects are boosting the demand for magnetic optical current transformers. Low power consumption and electrical isolation, which are opening new beneficial opportunities for the market players to invest in this industry are additional growth factors for the market.

Magnetic Optical Current Transformer Market Segment Analysis

The magnetic fiber optical current transformer with sine wave modulation has been widely used in the DC transmission project, while its fault rate is much higher than that of an electromagnetic current transformer, which seriously threatens the safe operation of the power grid. In recent years, the construction of an ultrahigh-voltage direct current (UHVDC) transmission project has been speeding up. There are more than 30 converter stations in operation in China, which constitute the backbone network of long-distance and cross-regional power transmission.

Magnetic Optical Current Transformer Market Regional Insights

North America and Europe are anticipated to drive the market in developed countries owing to the massive growth in the applications of electric equipment in developed economies. increasing worldwide electrical distribution/consumption are spurring market growth in the upcoming years. The Asia Pacific is emerging a fastest-growing segment of magnetic optical current transformer market owing to rapid advancement in electrical components and increasing industrial utility are anticipated to drive the market in recent years.

Magnetic Optical Current Transformer Market Scope: Inquire before buying

Magnetic Optical Current Transformer Market
Base Year 2021 Forecast Period 2022-2029
Historical Data CAGR Market Size in 2021 Market Size in 2029
2017 to 2021 7.55% US$ 183.35 Bn US$ 328.22 Bn
Segments Covered
by Application • Transformer • Electronic Measurement Devices • Networking Devices • Power Systems & Instrumentations • Transmission Line-bus • Electrical High Voltage (EHV) Substations by Type • Fiber Type • Non-fiber Type
Regions Covered
North America • United States • Canada • Mexico Europe • UK • France • Germany • Italy • Spain • Sweden • Austria • Rest of Europe Asia Pacific • China • S Korea • Japan • India • Australia • Indonesia • Malaysia • Vietnam • Taiwan • Bangladesh • Pakistan • Rest of APAC Middle East and Africa • South Africa • GCC • Egypt • Nigeria • Rest of ME&A South America • Brazil • Argentina • Rest of South America

Magnetic Optical Current Transformer Market Key Players

• Asea Brown Boveri (ABB) Ltd • NR Electric Co., Ltd. • Trench Group • ARTECHE • Profotech • T&D • ARTECHE Frequently Asked Questions: 1. Which region has the largest share in Global Magnetic Optical Current Transformer Market? Ans: Asia Pacific region held the highest share in 2021. 2. What is the growth rate of Global Magnetic Optical Current Transformer Market? Ans: The Global Magnetic Optical Current Transformer Market is growing at a CAGR of 7.55% during forecasting period 2022-2029. 3. What is scope of the Global Magnetic Optical Current Transformer Market report? Ans: Global Magnetic Optical Current Transformer Market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period. 4. Who are the key players in Global Magnetic Optical Current Transformer Market? Ans: The important key players in the Global Magnetic Optical Current Transformer Market are – Asea Brown Boveri (ABB) Ltd, NR Electric Co., Ltd., Trench Group, ARTECHE, Profotech, T&D, and ARTECHE 5. What is the study period of this Market? Ans: The Global Magnetic Optical Current Transformer Market is studied from 2021 to 2029.
1. Preface 1.1. Market Definition and Key Research Objectives 1.2. Research Highlights 2. Assumptions and Research Methodology 2.1. Report Assumptions 2.2. Abbreviations 2.3. Research Methodology 2.3.1. Secondary Research 2.3.1.1. Secondary data 2.3.1.2. Secondary Sources 2.3.2. Primary Research 2.3.2.1. Data from Primary Sources 2.3.2.2. Breakdown of Primary Sources 3. Executive Summary: Global Magnetic Optical Current Transformer Market Size, by Market Value (US$ Mn) 3.1. Global Market Segmentation 3.2. Global Market Segmentation Share Analysis, 2021 3.2.1. Global 3.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 3.3. Geographical Snapshot of the Magnetic Optical Current Transformer Market 3.4. Geographical Snapshot of the Magnetic Optical Current Transformer Market, By Manufacturer share 4. Global Magnetic Optical Current Transformer Market Overview, 2021-2029 4.1. Market Dynamics 4.1.1. Drivers 4.1.1.1. Global 4.1.1.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.2. Restraints 4.1.2.1. Global 4.1.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.3. Opportunities 4.1.3.1. Global 4.1.3.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.4. Challenges 4.1.4.1. Global 4.1.4.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.5. Industry Trends and Emerging Technologies 4.1.6. Porters Five Forces Analysis 4.1.6.1. Threat of New Entrants 4.1.6.2. Bargaining Power of Buyers/Consumers 4.1.6.3. Bargaining Power of Suppliers 4.1.6.4. Threat of Substitute Products 4.1.6.5. Intensity of Competitive Rivalry 4.1.7. Value Chain Analysis 4.1.8. Technological Roadmap 4.1.9. Regulatory landscape 4.1.10. Impact of the Covid-19 Pandemic on the Global Magnetic Optical Current Transformer Market 5. Supply Side and Demand Side Indicators 6. Global Magnetic Optical Current Transformer Market Analysis and Forecast, 2021-2029 6.1. Global Magnetic Optical Current Transformer Market Size & Y-o-Y Growth Analysis. 7. Global Magnetic Optical Current Transformer Market Analysis and Forecasts, 2021-2029 7.1. Market Size (Value) Estimates & Forecast By Type, 2021-2029 7.1.1. Fiber Type 7.1.2. Non-fiber Type 7.2. Market Size (Value) Estimates & Forecast By Application, 2021-2029 7.2.1. Transformer 7.2.2. Electronic Measurement Devices 7.2.3. Networking Devices 7.2.4. Power Systems & Instrumentations 7.2.5. Transmission Line-bus 7.2.6. Electrical High Voltage (EHV) Substations 8. Global Magnetic Optical Current Transformer Market Analysis and Forecasts, By Region 8.1. Market Size (Value) Estimates & Forecast By Region, 2021-2029 8.1.1. North America 8.1.2. Europe 8.1.3. Asia-Pacific 8.1.4. Middle East & Africa 8.1.5. South America 9. North America Magnetic Optical Current Transformer Market Analysis and Forecasts, 2021-2029 9.1. Market Size (Value) Estimates & Forecast By Type, 2021-2029 9.1.1. Fiber Type 9.1.2. Non-fiber Type 9.2. Market Size (Value) Estimates & Forecast By Application, 2021-2029 9.2.1. Transformer 9.2.2. Electronic Measurement Devices 9.2.3. Networking Devices 9.2.4. Power Systems & Instrumentations 9.2.5. Transmission Line-bus 9.2.6. Electrical High Voltage (EHV) Substations 10. North America Magnetic Optical Current Transformer Market Analysis and Forecasts, By Country 10.1. Market Size (Value) Estimates & Forecast By Country, 2021-2029 10.1.1. US 10.1.2. Canada 10.1.3. Mexico 11. U.S. Magnetic Optical Current Transformer Market Analysis and Forecasts, 2021-2029 11.1. Market Size (Value) Estimates & Forecast By Type, 2021-2029 11.2. Market Size (Value) Estimates & Forecast By Application, 2021-2029 12. Canada Magnetic Optical Current Transformer Market Analysis and Forecasts, 2021-2029 12.1. Market Size (Value) Estimates & Forecast By Type, 2021-2029 12.2. Market Size (Value) Estimates & Forecast By Application, 2021-2029 13. Mexico Magnetic Optical Current Transformer Market Analysis and Forecasts, 2021-2029 13.1. Market Size (Value) Estimates & Forecast By Type, 2021-2029 13.2. Market Size (Value) Estimates & Forecast By Application, 2021-2029 14. Europe Magnetic Optical Current Transformer Market Analysis and Forecasts, 2021-2029 14.1. Market Size (Value) Estimates & Forecast By Type, 2021-2029 14.2. Market Size (Value) Estimates & Forecast By Application, 2021-2029 15. Europe Magnetic Optical Current Transformer Market Analysis and Forecasts, By Country 15.1. Market Size (Value) Estimates & Forecast By Country, 2021-2029 15.1.1. U.K 15.1.2. France 15.1.3. Germany 15.1.4. Italy 15.1.5. Spain 15.1.6. Sweden 15.1.7. CIS Countries 15.1.8. Rest of Europe 16. U.K. Magnetic Optical Current Transformer Market Analysis and Forecasts, 2021-2029 16.1. Market Size (Value) Estimates & Forecast By Type, 2021-2029 16.2. Market Size (Value) Estimates & Forecast By Application, 2021-2029 17. France Magnetic Optical Current Transformer Market Analysis and Forecasts, 2021-2029 17.1. Market Size (Value) Estimates & Forecast By Type, 2021-2029 17.2. Market Size (Value) Estimates & Forecast By Application, 2021-2029 18. Germany Magnetic Optical Current Transformer Market Analysis and Forecasts, 2021-2029 18.1. Market Size (Value) Estimates & Forecast By Type, 2021-2029 18.2. Market Size (Value) Estimates & Forecast By Application, 2021-2029 19. Italy Magnetic Optical Current Transformer Market Analysis and Forecasts, 2021-2029 19.1. Market Size (Value) Estimates & Forecast By Type, 2021-2029 19.2. Market Size (Value) Estimates & Forecast By Application, 2021-2029 20. Spain Magnetic Optical Current Transformer Market Analysis and Forecasts, 2021-2029 20.1. Market Size (Value) Estimates & Forecast By Type, 2021-2029 20.2. Market Size (Value) Estimates & Forecast By Application, 2021-2029 21. Sweden Magnetic Optical Current Transformer Market Analysis and Forecasts, 2021-2029 21.1. Market Size (Value) Estimates & Forecast By Type, 2021-2029 21.2. Market Size (Value) Estimates & Forecast By Application, 2021-2029 22. CIS Countries Magnetic Optical Current Transformer Market Analysis and Forecasts, 2021-2029 22.1. Market Size (Value) Estimates & Forecast By Type, 2021-2029 22.2. Market Size (Value) Estimates & Forecast By Application, 2021-2029 23. Rest of Europe Magnetic Optical Current Transformer Market Analysis and Forecasts, 2021-2029 23.1. Market Size (Value) Estimates & Forecast By Type, 2021-2029 23.2. Market Size (Value) Estimates & Forecast By Application, 2021-2029 24. Asia Pacific Magnetic Optical Current Transformer Market Analysis and Forecasts, 2021-2029 24.1. Market Size (Value) Estimates & Forecast By Type, 2021-2029 24.2. Market Size (Value) Estimates & Forecast By Application, 2021-2029 25. Asia Pacific Magnetic Optical Current Transformer Market Analysis and Forecasts, by Country 25.1. Market Size (Value) Estimates & Forecast By Country, 2021-2029 25.1.1. China 25.1.2. India 25.1.3. Japan 25.1.4. South Korea 25.1.5. Australia 25.1.6. ASEAN 25.1.7. Rest of Asia Pacific 26. China Magnetic Optical Current Transformer Market Analysis and Forecasts, 2021-2029 26.1. Market Size (Value) Estimates & Forecast By Type, 2021-2029 26.2. Market Size (Value) Estimates & Forecast By Application, 2021-2029 27. India Magnetic Optical Current Transformer Market Analysis and Forecasts, 2021-2029 27.1. Market Size (Value) Estimates & Forecast By Type, 2021-2029 27.2. Market Size (Value) Estimates & Forecast By Application, 2021-2029 28. Japan Magnetic Optical Current Transformer Market Analysis and Forecasts, 2021-2029 28.1. Market Size (Value) Estimates & Forecast By Type, 2021-2029 28.2. Market Size (Value) Estimates & Forecast By Application, 2021-2029 29. South Korea Magnetic Optical Current Transformer Market Analysis and Forecasts, 2021-2029 29.1. Market Size (Value) Estimates & Forecast By Type, 2021-2029 29.2. Market Size (Value) Estimates & Forecast By Application, 2021-2029 30. Australia Magnetic Optical Current Transformer Market Analysis and Forecasts, 2021-2029 30.1. Market Size (Value) Estimates & Forecast By Type, 2021-2029 30.2. Market Size (Value) Estimates & Forecast By Application, 2021-2029 31. ASEAN Magnetic Optical Current Transformer Market Analysis and Forecasts, 2021-2029 31.1. Market Size (Value) Estimates & Forecast By Type, 2021-2029 31.2. Market Size (Value) Estimates & Forecast By Application, 2021-2029 32. Rest of Asia Pacific Magnetic Optical Current Transformer Market Analysis and Forecasts, 2021-2029 32.1. Market Size (Value) Estimates & Forecast By Type, 2021-2029 32.2. Market Size (Value) Estimates & Forecast By Application, 2021-2029 33. Middle East Africa Magnetic Optical Current Transformer Market Analysis and Forecasts, 2021-2029 33.1. Market Size (Value) Estimates & Forecast By Type, 2021-2029 33.2. Market Size (Value) Estimates & Forecast By Application, 2021-2029 34. Middle East Africa Magnetic Optical Current Transformer Market Analysis and Forecasts, by Country 34.1. Market Size (Value) Estimates & Forecast by Country, 2021-2029 34.1.1. South Africa 34.1.2. GCC Countries 34.1.3. Egypt 34.1.4. Nigeria 34.1.5. Rest of ME&A 35. South Africa Magnetic Optical Current Transformer Market Analysis and Forecasts, 2021-2029 35.1. Market Size (Value) Estimates & Forecast By Type, 2021-2029 35.2. Market Size (Value) Estimates & Forecast By Application, 2021-2029 36. GCC Countries Magnetic Optical Current Transformer Market Analysis and Forecasts, 2021-2029 36.1. Market Size (Value) Estimates & Forecast By Type, 2021-2029 36.2. Market Size (Value) Estimates & Forecast By Application, 2021-2029 37. Egypt Magnetic Optical Current Transformer Market Analysis and Forecasts, 2021-2029 37.1. Market Size (Value) Estimates & Forecast By Type, 2021-2029 37.2. Market Size (Value) Estimates & Forecast By Application, 2021-2029 38. Nigeria Magnetic Optical Current Transformer Market Analysis and Forecasts, 2021-2029 38.1. Market Size (Value) Estimates & Forecast By Type, 2021-2029 38.2. Market Size (Value) Estimates & Forecast By Application, 2021-2029 39. Rest of ME&A Magnetic Optical Current Transformer Market Analysis and Forecasts, 2021-2029 39.1. Market Size (Value) Estimates & Forecast By Type, 2021-2029 39.2. Market Size (Value) Estimates & Forecast By Application, 2021-2029 40. South America Magnetic Optical Current Transformer Market Analysis and Forecasts, 2021-2029 40.1. Market Size (Value) Estimates & Forecast By Type, 2021-2029 40.2. Market Size (Value) Estimates & Forecast By Application, 2021-2029 41. South America Magnetic Optical Current Transformer Market Analysis and Forecasts, by Country 41.1. Market Size (Value) Estimates & Forecast by Country, 2021-2029 41.1.1. Brazil 41.1.2. Argentina 41.1.3. Rest of South America 42. Brazil Magnetic Optical Current Transformer Market Analysis and Forecasts, 2021-2029 42.1. Market Size (Value) Estimates & Forecast By Type, 2021-2029 42.2. Market Size (Value) Estimates & Forecast By Application, 2021-2029 43. Argentina Magnetic Optical Current Transformer Market Analysis and Forecasts, 2021-2029 43.1. Market Size (Value) Estimates & Forecast By Type, 2021-2029 43.2. Market Size (Value) Estimates & Forecast By Application, 2021-2029 44. Rest of South America Magnetic Optical Current Transformer Market Analysis and Forecasts, 2021-2029 44.1. Market Size (Value) Estimates & Forecast By Type, 2021-2029 44.2. Market Size (Value) Estimates & Forecast By Application, 2021-2029 45. Competitive Landscape 45.1. Geographic Footprint of Major Players in the Global Magnetic Optical Current Transformer Market 45.2. Competition Matrix 45.2.1. Competitive Benchmarking of Key Players By Price, Presence, Market Share, Applications and R&D Investment 45.2.2. New Product Launches and Product Enhancements 45.2.3. Market Consolidation 45.2.3.1. M&A by Regions, Investment and Verticals 45.2.3.2. M&A, Forward Integration and Backward Integration 45.2.3.3. Partnership, Joint Ventures and Strategic Alliances/ Sales Agreements 45.3. Company Profile: Key Players 45.3.1. Asea Brown Boveri (ABB) Ltd 45.3.1.1. Company Overview 45.3.1.2. Financial Overview 45.3.1.3. Geographic Footprint 45.3.1.4. Product Portfolio 45.3.1.5. Business Strategy 45.3.1.6. Recent Developments 45.3.2. NR Electric Co., Ltd. 45.3.3. Trench Group 45.3.4. ARTECHE 45.3.5. Profotech 45.3.6. T&D 45.3.7. ARTECHE 45.3.8. Other Key Players

About This Report

Report ID 93427
Category Engineering Equipment
Published Date Jan 2023
Updated Date
Contact Us