Global Magneto Optic Current Transformer Market Size, Manufacturers, Supply Chain, Sales Channel and Clients, 2020-2026

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 , 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 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 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.

Market Analysis and Insights: Global Magneto Optic Current Transformer Market
In 2019, the global Magneto Optic Current Transformer market size was US$ 186.8 million and it is expected to reach US$ 313.7 million by the end of 2026, with a CAGR of 7.6% during 2021-2026.
Global Magneto Optic Current Transformer Scope and Market Size
Magneto Optic Current Transformer market is segmented by region, by country, company, type, application and by sales channels. Players, stakeholders, and other participants in the global Magneto Optic Current Transformer market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by region, by country, company, type, application and by sales channels for the period 2015-2026.

Segment by Type, the Magneto Optic Current Transformer market is segmented into
Fiber Type
Non Fiber Type

Segment by Application, the Magneto Optic Current Transformer market is segmented into
Transformer
Power Systems and Instrumentations
Modern Electronic Meters
Transmission Line- Bus
Breaker-Or Distribution Schemes
Others

Regional and Country-level Analysis:
North America
United States
Canada
Asia-Pacific
China
Japan
South Korea
India
Southeast Asia
Australia
Rest of Asia-Pacific
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Rest of Europe
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA

Competitive Landscape

and Magneto Optic Current Transformer Market Share Analysis
Magneto Optic Current Transformer market competitive landscape provides details and data information by companies. The report offers comprehensive analysis and accurate statistics on revenue by the player for the period 2015-2020. It also offers detailed analysis supported by reliable statistics on sale and revenue by players for the period 2015-2020. Details included are company description, major business, Magneto Optic Current Transformer product introduction, recent developments, Magneto Optic Current Transformer sales by region, type, application and by sales channel.

The major companies include:
ABB
Profotech
The Trench
Arteche
NR Electric
T&D
...