Global Magnetic Optical Current Transformer

Global Magnetic Optical Current Transformer was valued at US$ 170.48 Bn in 2019 and is expected to reach US$ xx Bn by 2026, at a CAGR of xx%.
Global Magnetic Optical Current Transformer 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.
Global Magnetic Optical Current Transformer 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.
Global Magnetic Optical Current Transformer 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.


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Global Magnetic Optical Current Transformer Regional Insights

Global Magnetic Optical Current Transformer 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.
Global Magnetic Optical Current Transformer Report Scope: Inquire before buying

Global Magnetic Optical Current Transformer Market
Global Magnetic Optical Current Transformer, by Region

• North America
• Europe
• South America
• Asia Pacific
Global Magnetic Optical Current Transformer Key Players

• Asea Brown Boveri (ABB) Ltd
• NR Electric Co., Ltd.
• Trench Group
• Profotech
• T&D

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