Cast Resin Current Transformers Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 - 2028

  • Single User License $3500

Cast Resin Current Transformers Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 - 2028

Status : August, 2020 | Energy & Mining | PPT format

Report Digest


Global Cast Resin Current Transformers Market: Overview

The global cast resin current transformers market has grown steadily over the years, owing to the convenience it provides in reducing high voltage and currents. Resin cast current transformers are basically a dry type of transformer. Within cast resin current transformer, the internal coils and windings are coated with a special type of resin, which is known as epoxy resin. Such coating with epoxy resin provides the transformers with better insulation. Due to such high insulation property, cast resin current transformers are extensively used in instrument transformers. Cast resin current transformers are highly preferred for instrument transformers for stepping down high voltage as well as current. Such USP is believed to be driving the global cast resin current transformers market.

From the perspective of applications, the global cast resin current transformers market is segmented into metering application, protection application, and others. Among these applications, the protection segment accounts for the largest share and is expected to boost the global cast resin current transformers market during the forecast period. This is because of the complete encapsulation of both primary and secondary winding present in epoxy resin, which helps in preventing the moisture penetration into windings. All such advantages of cast resin current transformers are also expected to fuel growth in the global cast resin current transformers market.

Global Cast Resin Current Transformers Market: Notable Developments

A few recent developments which help in reshaping the contours of the cast resin current transformers market in a big way include:

  • Manufacturers in the global cast resin current transformers market are trying to include several features in cast resin dry type transformers such as immediate switch on.
  • One of the manufacturers of instrument transformers, Energy Tec are manufacturing cast resin current transformers with corrosion proof materials, specially mounting plate and terminal box.
  • Other companies in the global cast resin current transformers market are focusing on adding features in resin cast current transformers which include low partial discharge, less maintenance and pollution free, and precise current measuring and protection.

Some of the most prominent competitors operating in the competitive landscape of global cast resin current transformers market include –

  • Siemens
  • Fuji Electric
  • Gemini Instratech Ltd.
  • Kaldera Company
  • Hobut
  • Macroplast Pvt. Ltd.

Global Cast Resin Current Transformers Market: Key Growth Dynamics

Rising Demand for Efficient Current Transformers to Fuel Market’s Growth

Cast resin current transformers are mainly made up of epoxy resins. Such epoxy encapsulated transformers are designed in such a way that it can perform in extreme environmental conditions. These special types of transformers make less audible noise as the core and coils are completely enclosed with a solid mass of a mixture of silica sand resin. Moreover, this cast resin current transformers’ enclosure is constructed from heavy gauge steel. Such transformers offer several benefits ranging from physical protection and outer casting provided to the core, windings, and lead connections. All such advantages are also propelling expansion in the global cast resin current transformers market.

Furthermore, cast resin current transformers can withstand any harsh environmental condition as the fragile components are covered inside a waterproof casting and tough material. The epoxy coating in the transformer provides reliable protection from hazardous gases, corrosive atmosphere, and dirt. Cast resin current transformers are highly adopted in steel mills, pulp and paper plants, food processing facilities, mines, and petrochemical plants. All such factors are also expected to boost the global cast resin current transformers market.

Global Cast Resin Current Transformers Market: Regional Outlook

On the regional front, North America is expected to lead the global cast resin current transformers market as the region has witnessed rapid industrialization. Along with this, rising disposable income, soaring demand for efficient and effective transformers, and burgeoning population could also be responsible for fueling growth I the cast resin current transformers market in this region.

The study presents a granular assessment and quantitative evaluation of:

  • Key growth factors and prominent trends
  • Size and share of key segments in overall market
  • Key challenges and winning imperatives
  • Factors shaping competitive landscape
  • Insights into how contours of market will change in coming years
  • Technological advances
  • New avenues and imminent investment pockets
  • Regulatory landscape shaping current and future strategies of companies

The region-wise assessment includes market dynamics in:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The study is prepared with the help of an extensive primary and secondary research. Primary research includes but not limited to interactions, interviews, surveys, and events. Opinions of policy makers and industry experts are carefully integrated into the insights to complement primary research. Volumes of secondary data gleaned through renowned paid sources, annual statements, reputed journals, and government documents offer insights into current dynamics and key evolution trajectories the market is likely to assume. The research employs various industry-wide analytics methods and well-established methodologies to ascertain the attractiveness of key segments. Further, it evaluates the lucrativeness of key regions and factors underlying their maturity. The insights notably include a detailed analysis of forces behind vendor differentiation and offers insight into investment-decision making by prominent players.

The report strives to enlighten businesses and industry stakeholders on multiple facets of the growth dynamic of the market, the key of which include answers to:

  • Which key factors will shape the competitive landscape?
  • Which trends will stimulate research and development activities in different geographies?
  • Which are the lucrative growth areas and what is the size of potential they are likely contribute to the overall market?
  • Which disruptions in market growth are likely to come with the new business models?
  • Which are some of the recent overhauls in policies that may change the course of the market significantly?
  • Which are the geographies that will form sizable sources of new streams to new and established players alike?
  • How are top players likely to realign their strategy to counter the forces of competition?
  • Which key strategies emerging players are likely to focus on to consolidate their position?
  • Which changes in end-user preferences might affect the status quo held by the leading players?
  • Which are some of the game-changing innovations influencing the projected share and revenue of the market and its segments?

Note: Utmost care has invariably been taken to present data and arrive at statistics at all the TMR Research reports. Meanwhile, some recent developments and new industry trends may take time to be included in the reports.