Global Magneto Optic Current Transformer Market 2019 by Manufacturers, Regions, Type and Application, Forecast to 2024

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.

Scope of the Report:
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 worldwide market for Magneto Optic Current Transformer is expected to grow at a CAGR of roughly 7.7% over the next five years, will reach 250 million US$ in 2024, from 160 million US$ in 2019, according to a new study.
This report focuses on the Magneto Optic Current Transformer in global market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa. This report categorizes the market based on manufacturers, regions, type and application.

Market Segment by Manufacturers, this report covers
ABB
Profotech
The Trench Group
Arteche
NR Electric Co
T&D

Market Segment by Regions, regional analysis covers
North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Colombia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)

Market Segment by Type, covers
Fiber Type
Non Fiber Type

Market Segment by Applications, can be divided into
Transformer
Power Systems and Instrumentations
Modern Electronic Meters
Transmission Line- Bus
Breaker-Or Distribution Schemes
Others

The content of the study subjects, includes a total of 15 chapters:
Chapter 1, to describe Magneto Optic Current Transformer product scope, market overview, market opportunities, market driving force and market risks.
Chapter 2, to profile the top manufacturers of Magneto Optic Current Transformer, with price, sales, revenue and global market share of Magneto Optic Current Transformer in 2017 and 2018.
Chapter 3, the Magneto Optic Current Transformer competitive situation, sales, revenue and global market share of top manufacturers are analyzed emphatically by landscape contrast.
Chapter 4, the Magneto Optic Current Transformer breakdown data are shown at the regional level, to show the sales, revenue and growth by regions, from 2014 to 2019.
Chapter 5, 6, 7, 8 and 9, to break the sales data at the country level, with sales, revenue and market share for key countries in the world, from 2014 to 2019.
Chapter 10 and 11, to segment the sales by type and application, with sales market share and growth rate by type, application, from 2014 to 2019.
Chapter 12, Magneto Optic Current Transformer market forecast, by regions, type and application, with sales and revenue, from 2019 to 2024.
Chapter 13, 14 and 15, to describe Magneto Optic Current Transformer sales channel, distributors, customers, research findings and conclusion, appendix and data source.