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Impact of Covid-19 on Magneto Optic Current Transformer market is to Witness Significant Growth between 2020-2026 with leading players – ABB, Profotech, The Trench Group, Arteche, NR Electric Co, T&D

Magneto Optic Current Transformer Market overview:

The market study on the Global Magneto Optic Current Transformer market was carried out using an approach and hypotheses of standard and tailor-made research methodology. Annual forecasts and estimates for the years 2020 to 2026 were provided in the report, as well as estimates for previous years, for each given segment and sub-segments. Market data that is derived from authentic resources is validated and verified by industry professionals and presented to the respective readers. The report then assesses the market by deliberating on market dynamics, including growth drivers, constraints, potential opportunities, threats, challenges and other market trends.

The novel COVID-19 pandemic has put the world on a standstill, affecting major operations, leading to an industrial catastrophe. This report presented by Garner Insights contains a thorough analysis of the pre and post pandemic market scenarios. This report covers all the recent development and changes recorded during the COVID-19 outbreak.

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Top manufacturers as follow:
ABB, Profotech, The Trench Group, Arteche, NR Electric Co, T&D

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.

The Magneto Optic Current Transformer market was valued at 160 Million US$ in 2018 and is projected to reach 290 Million US$ by 2025, at a CAGR of 7.6% during the forecast period. In this study, 2018 has been considered as the base year and 2019 to 2025 as the forecast period to estimate the market size for Magneto Optic Current Transformer.

This report presents the worldwide Magneto Optic Current Transformer market size (value, production and consumption), splits the breakdown (data status 2014-2019 and forecast to 2025), by manufacturers, region, type and application.
This study also analyzes the market status, market share, growth rate, future trends, market drivers, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter’s Five Forces Analysis.

The Magneto Optic Current Transformer report consists of streamlined financial data obtained from various research sources to provide specific and reliable analysis. Assessment of key market trends having a positive impact on the market over the next two years, including an in-depth analysis of market segmentation, including sub-markets, on a regional and global basis. The report also provides a detailed Magneto Optic Current Transformer market share perspective as well as strategic recommendations, based on the emerging segments.

The Important Type Coverage:
Fiber Type, Non Fiber Type

Segment by Applications
Transformer, Power Systems and Instrumentations, Modern Electronic Meters, Transmission Line- Bus, Breaker-Or Distribution Schemes

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The industry report also includes the impact of COVID-19 on the global market.

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Some of the main geographies included in this study:
 North America (United States and Canada and rest of North America)
Europe (Germany, France, Italy and rest of Europe)
 Asia-Pacific (China, Japan, India, South Korea and the rest of Asia-Pacific)
LAMEA (Brazil, Turkey, Saudi Arabia, South Africa and the rest of LAMEA)

Some major points addressed in this Magneto Optic Current Transformer market report:

  1. A global vision of the market which helps to recover essential data.
  2. The market was segmented according to product types, applications, end users as well as vertical sectors, taking into account many factors. Given the segmentation of the market, a more in-depth analysis was carried out effectively. For a better understanding and in-depth analysis of the market, the key segments have also been divided into sub-segments.
    In the next section, the factors responsible for market growth have been included.
  3. These data were collected from primary and secondary sources and have been approved by industry experts. It helps to understand the key market segments and their future trends.
  4. The report also includes a study of the latest developments and profiles of the main players in the industry.
  5. The report of Magneto Optic Current Transformer market studies also presents eight-year forecasts based on expected market growth.

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