- The key vendors in the Instrument Transformers Market in Americas 2014-2018 are ABB Ltd., Alstom Grid, Schneider Electrics Co. and Siemens AG.
London, 18 November 2014: TechNavio, an independent tech-focused global research firm, has announced the publication of its market research report on the Instrument Transformers Market in Americas 2014-2018. Rise in infrastructure development is one of the key trends emerging in this market. Governments in Latin America are investing more in infrastructure projects related to power generation and distribution. Many governments have provided subsidies to industries for the purchase of more power-related equipment, leading to more demand in the Instrument Transformers market in the Americas. The Instrument Transformers market in the Americas is estimated to grow at a CAGR of about 6.45 percent over the forecast period 2014-2018.
Instrument transformers are generally used to isolate or control current or voltage levels in a transmission or distribution line and have different applications. Instrument transformers are used mainly in the metering circuit to protect the ancillary circuits from high voltage and current levels. Based on application, the Instrument Transformers market in the Americas can be classified as the Current Transformers market and the Voltage Transformers market.
“Manufacturers have been recently witnessing a high demand for energy-efficient transformers from both existing and new customers because of energy and cost savings,” says Faisal Ghaus, Vice President of TechNavio Research.
“Many advanced economies such as the US and Canada have already implemented several energy efficiency standards and rules that govern the Power sector in these countries. Under these norms, industrial, commercial, and residential customers are expected to buy only energy-efficient transformers.”
To define the market conditions in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
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