Magneto Optic Current Transformer Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Type (Fiber type, Non-fiber type); Application (Transformer, Power systems and instrumentations, Electronic meters, Network equipment, Electrical high voltage substations, Others) and Geography
Report Code: TIPRE00026574
| No. of Pages: 150
| Category: Electronics and Semiconductor
| Status: Upcoming
The magneto optic current transformer is a passive optical current transducer that utilizes light to measure the current on high voltage systems precisely and defines rotation angle and converts the same into signal of a few volts proportional to current.
Improvement in the production of electric & electronic components is creating demand for magneto optic transformer. As need for having accurate details on electric transduction application is rising, demand for magneto optic current transformer is growing. Also, rising number of high voltage applications in automotive and electronics industry is another factor impacting growth of magneto optic current transformer, as the high voltage applications requires high level of monitoring and control. Moreover, arrival of substation for current monitoring is projected to provide ample of growth opportunities to the players operating in the magneto optic current transformer market.
The "Global Magneto Optic Current Transformer Market Analysis to 2028" is a specialized and in-depth study of the electronics & semiconductor industry with a special focus on the global market trend analysis. The report aims to provide an overview of the magneto optic current transformer market with detailed market segmentation - type, application, and geography. The global magneto optic current transformer market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading magneto optic current transformer market players and offers key trends and opportunities in the market.
Based on type, the magneto optic current transformer market is segmented into fiber type, non-fiber type.
On the basis of application, the magneto optic current transformer market is transformer, power systems and instrumentations, electronic meters, network equipment, electrical high voltage substations, others.
IMPACT OF COVID-19 ON MAGNETO OPTIC CURRENT TRANSFORMER MARKET
The COVID-19 pandemic has adversely influenced the magneto-optic current transformer market growth. Owing to the closure of manufacturing plants and halt in manufacturing activities in different corners of the world, the production of the same got declined. Also, its implication in the automotive & electronics industry also got declined as these industries faced temporary shutdown in their operations which caused decline in their revenues and thus resulted in low adoption of magneto-optic current transformers.
However, with business getting back after 2quarter of lockdowns, the demand for magneto optic transformer is rising gradually. As end user of this product are re-commencing their oeprations.
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global magneto optic current transformer market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America (SAM). The magneto optic current transformer market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the magneto optic current transformer market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South & Central America after evaluating political, economic, social and technological factors affecting the magneto optic current transformer in these regions.
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The reports cover key developments in the magneto optic current transformer market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from magneto optic current transformer market are anticipated to lucrative growth opportunities in the future with the rising demand for magneto optic current transformer in the global market. Below mentioned is the list of few companies engaged in the magneto optic current transformer market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the magneto optic current transformer market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
NR Electric Co., Ltd.
DK Photonics Technology
Durham Magneto Optics Ltd.
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