Global Magneto Optic Current Transformer Market Growth 2023-2029

Global Magneto Optic Current Transformer Market Growth 2023-2029

This report studies the Magneto Optic Current Transformer market, by type (Fiber Type and Non Fiber Type), by application(Transformer, Power Systems and Instrumentations, Modern Electronic Meters, Transmission Line- Bus, Breaker-Or Distribution Schemes, Network Applications and Electrical High Voltage (EHV) Substations). The Magneto Optic Current Transformer (MOCT) measures the electric current by means of Faraday Effect, which was first observed by Michael Faraday 150 years ago. The Faraday Effect is the phenomenon that the orientation of polarized light rotates under the influence of the magnetic fields and the rotation angle is proportional to the strength of the magnetic field component in the direction of optical path. 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. Therefore the insulation structure of an MOCT is simpler than that of a conventional current transformer, and there is no risk of fire or explosion by the MOCT. In addition to the insulation benefits, MOCT is able to provide high immunity to electromagnetic interferences, wider frequency response, large dynamic range and low Productions which are compatible with the inputs of analog to digital converters. They are ideal for the interference between power systems and computer systems. And there is a growing interest in using MOCT to measure the electric currents.
LPI (LP Information)' newest research report, the “Magneto Optic Current Transformer Industry Forecast” looks at past sales and reviews total world Magneto Optic Current Transformer sales in 2022, providing a comprehensive analysis by region and market sector of projected Magneto Optic Current Transformer sales for 2023 through 2029. With Magneto Optic Current Transformer sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Magneto Optic Current Transformer industry.
This Insight Report provides a comprehensive analysis of the global Magneto Optic Current Transformer landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Magneto Optic Current Transformer portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Magneto Optic Current Transformer market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Magneto Optic Current Transformer and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Magneto Optic Current Transformer.
The global Magneto Optic Current Transformer market size is projected to grow from US$ 215.2 million in 2022 to US$ 381.1 million in 2029; it is expected to grow at a CAGR of 381.1 from 2023 to 2029.
Global Magneto Optic Current Transformer key players include ABB, Profotech, The Trench Group, Arteche, NR Electric Co, etc. Global top five manufacturers hold a share about 60%. Europe and North America is the largest market, both with a share about 25%. In terms of product, Non Fiber Type is the largest segment, with a share about 55%. And in terms of application, the largest application is Power Systems and Instrumentations, followed by Transformer, Modern Electronic Meters, Breaker-Or Distribution Schemes and Transmission Line- Bus.
This report presents a comprehensive overview, market shares, and growth opportunities of Magneto Optic Current Transformer market by product type, application, key manufacturers and key regions and countries.
Market Segmentation:
Segmentation by type
Fiber Type
Non Fiber Type
Segmentation by application
Transformer
Power Systems and Instrumentations
Modern Electronic Meters
Transmission Line- Bus
Breaker-Or Distribution Schemes
Others
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
ABB
Profotech
The Trench
Arteche
NR Electric
T&D
Key Questions Addressed in this Report
What is the 10-year outlook for the global Magneto Optic Current Transformer market?
What factors are driving Magneto Optic Current Transformer market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Magneto Optic Current Transformer market opportunities vary by end market size?
How does Magneto Optic Current Transformer break out type, application?
What are the influences of COVID-19 and Russia-Ukraine war?

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