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, 2019 | 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.

Key players operating in the global cast resin current transformers market include Siemens, Fuji Electric, Gemini Instratech Ltd., Kaldera Company, Hobut, and 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 reliable qualitative and quantitative insights into:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand chain of the market
  • Market valuation (revenue and/or volume)
  • Key trends/opportunities/challenges
  • Forces defining present and estimated future state of the competitive landscape
  • Technological developments
  • Value chain and stakeholder analysis

The regional analysis covers:

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

The vast market research data included in the study is the result of extensive primary and secondary research activities. Surveys, personal interviews, and inputs from industry experts form the crux of primary research activities and data collected from trade journals, industry databases, and reputable paid sources form the basis of secondary research. The report also includes a detailed qualitative and quantitative analysis of the market, with the help of information collected from market participants operating across key sectors of the market value chain. A separate analysis of macro- and micro-economic aspects, regulations, and trends influencing the overall development of the market is also included in the report.

Highlights of the report:

  • A detailed analysis of key segments of the market
  • Recent developments in the market’s competitive landscape
  • Detailed analysis of market segments up to second or third level of segmentation
  • Historical, current, and projected future valuation of the market in terms of revenue and/or volume
  • Key business strategies adopted by influential market vendors
  • Outline of the regulatory framework surrounding and governing numerous aspects of the market
  • Growth opportunities in emerging and established markets
  • Recommendations to market players to stay ahead of the competition

Note: Immense care has been taken to present data with the highest levels of accuracy in all TMRResearch reports. Nevertheless, recent developments related to market/vendor landscape may take time to reflect in the analysis.

Wish to check Table of Contents of this report?

Click below to Request TOC

Request TOC