The global Magneto Optic Current Transformer market was valued at 15.3 Million USD in 2021 and will grow with a CAGR of 7.19% from 2021 to 2027, based on HNY Research newly published report.

The prime objective of this report is to provide the insights on the post COVID-19 impact which will help market players in this field evaluate their business approaches. Also, this report covers market segmentation by major market verdors, types, applications/end users and geography(North America, East Asia, Europe, South Asia, Southeast Asia, Middle East, Africa, Oceania, South America).

The Magneto Optic Current Transformer (MOCT) measures the rotation angle caused by the magnetic field and converts it into a signal of few volts proportional to the electric currant. It consist of a sensor head located near the current carrying conductor, an electronic signal processing unit and fiber optical cables linking to these two parts. The sensor head consist of only optical component such as fiber optical cables, lenses, polarizers, glass prisms, mirrors etc. the signal is brought down by fiber optical cables to the signal processing unit and there is no need to use the metallic wires to transfer the signal. Currently, The global current transformer market is highly concentrated, the technical barriers and financial barriers of high-end Magneto Optic Current Transformer are relatively high. The companies in the world that produce Magneto Optic Current Transformer mainly concentrate in North America, China and Europe, Raw materials are also concentrated in these regions. In particular, as the market leader in Magneto Optic Current Transformer, ABB take the global market share of 16.85% in 2016, other key manufacturers include Profotech, The Trench Group, Arteche, NR Electric Co, T&D. The production of Magneto Optic Current Transformer increased from 45716 Units in 2012 to 78415 Units in 2017, with an average growth rate of 11.4%. In consumption market, the growth rate of global consumption is smooth relatively. China, North America and Europe are still the mainly consumption regions due to the advanced production technology and rapid development of economy. The growth of the Magneto Optic Current Transformer market is largely driven by downstream applications. What is more, governments of numerous countries are encouraging the adoption of new kinds of current transformer as they are eco-friendly and cost-efficient. Although sales of Magneto Optic Current Transformer brought some opportunities, the study group recommends the new entrants who has not technical advantage and downstream support do not enter into the Magneto Optic Current Transformer field. As large demand of high-end products at home and abroad, many companies began to enter the field of high-end. What is more, the company in this industry should pay attention to their R&D, innovation and services, then they may get the competition advantage, and get a bigger market share. Magneto Optic Current Transformer eliminates many of the drawbacks of the conventional current transformers. By applying Faraday`s principle, Magneto Optic Current Transformer provides an easier and more accurate way of current measurements. This Magneto Optic Current Transformer is widely used in power systems and substations nowadays.

By Market Verdors:

ABB

Profotech

The Trench Group

Arteche

NR Electric Co

T&D

By Types:

Fiber Type

Non Fiber Type

By Applications:

Transformer

Power Systems and Instrumentations

Modern Electronic Meters

Transmission Line- Bus

Breaker-Or Distribution Schemes

Key Indicators Analysed

Market Players & Competitor Analysis: The report covers the key players of the industry including Company Profile, Product Specifications, Production Capacity/Sales, Revenue, Price and Gross Margin 2016-2027 & Sales with a thorough analysis of the market’s competitive landscape and detailed information on vendors and comprehensive details of factors that will challenge the growth of major market vendors.

Global and Regional Market Analysis: The report includes Global & Regional market status and outlook 2016-2027. Further the report provides break down details about each region & countries covered in the report. Identifying its sales, sales volume & revenue forecast. With detailed analysis by types and applications.

Market Trends: Market key trends which include Increased Competition and Continuous Innovations.

Opportunities and Drivers: Identifying the Growing Demands and New Technology

Porters Five Force Analysis: The report provides with the state of competition in industry depending on five basic forces: threat of new entrants, bargaining power of suppliers, bargaining power of buyers, threat of substitute products or services, and existing industry rivalry.

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