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Global Magneto Optic Current Transformer Market Research Report 2024
Synopsis
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.
The global Magneto Optic Current Transformer market was valued at US$ 220 million in 2023 and is anticipated to reach US$ 384.4 million by 2030, witnessing a CAGR of 8.2% during the forecast period 2024-2030.
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 aims to provide a comprehensive presentation of the global market for Magneto Optic Current Transformer, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Magneto Optic Current Transformer.
Report Scope
The Magneto Optic Current Transformer market size, estimations, and forecasts are provided in terms of output/shipments (K Units) and revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Magneto Optic Current Transformer market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Magneto Optic Current Transformer manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, production, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
Market Segmentation
By Company
ABB
Profotech
The Trench
Arteche
NR Electric
T&D
Segment by Type
Fiber Type
Non Fiber Type
Segment by Application
Transformer
Power Systems and Instrumentations
Modern Electronic Meters
Transmission Line- Bus
Breaker-Or Distribution Schemes
Others
Production by Region
North America
Europe
China
Japan
South Korea
China Taiwan
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
China Taiwan
Southeast Asia
India
Latin America, Middle East & Africa
Mexico
Brazil
Turkey
GCC Countries
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Detailed analysis of Magneto Optic Current Transformer manufacturers competitive landscape, price, production and value market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Production/output, value of Magneto Optic Current Transformer by region/country. It provides a quantitative analysis of the market size and development potential of each region in the next six years.
Chapter 4: Consumption of Magneto Optic Current Transformer in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and production of each country in the world.
Chapter 5: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 6: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product production/output, value, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: The main points and conclusions of the report.
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.
The global Magneto Optic Current Transformer market was valued at US$ 220 million in 2023 and is anticipated to reach US$ 384.4 million by 2030, witnessing a CAGR of 8.2% during the forecast period 2024-2030.
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 aims to provide a comprehensive presentation of the global market for Magneto Optic Current Transformer, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Magneto Optic Current Transformer.
Report Scope
The Magneto Optic Current Transformer market size, estimations, and forecasts are provided in terms of output/shipments (K Units) and revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Magneto Optic Current Transformer market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Magneto Optic Current Transformer manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, production, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
Market Segmentation
By Company
ABB
Profotech
The Trench
Arteche
NR Electric
T&D
Segment by Type
Fiber Type
Non Fiber Type
Segment by Application
Transformer
Power Systems and Instrumentations
Modern Electronic Meters
Transmission Line- Bus
Breaker-Or Distribution Schemes
Others
Production by Region
North America
Europe
China
Japan
South Korea
China Taiwan
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
China Taiwan
Southeast Asia
India
Latin America, Middle East & Africa
Mexico
Brazil
Turkey
GCC Countries
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Detailed analysis of Magneto Optic Current Transformer manufacturers competitive landscape, price, production and value market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Production/output, value of Magneto Optic Current Transformer by region/country. It provides a quantitative analysis of the market size and development potential of each region in the next six years.
Chapter 4: Consumption of Magneto Optic Current Transformer in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and production of each country in the world.
Chapter 5: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 6: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product production/output, value, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: The main points and conclusions of the report.
Index1 Magneto Optic Current Transformer Market Overview
1.1 Product Definition
1.2 Magneto Optic Current Transformer Segment by Type
1.2.1 Global Magneto Optic Current Transformer Market Value Growth Rate Analysis by Type 2023 VS 2030
1.2.2 Fiber Type
1.2.3 Non Fiber Type
1.3 Magneto Optic Current Transformer Segment by Application
1.3.1 Global Magneto Optic Current Transformer Market Value Growth Rate Analysis by Application: 2023 VS 2030
1.3.2 Transformer
1.3.3 Power Systems and Instrumentations
1.3.4 Modern Electronic Meters
1.3.5 Transmission Line- Bus
1.3.6 Breaker-Or Distribution Schemes
1.3.7 Others
1.4 Global Market Growth Prospects
1.4.1 Global Magneto Optic Current Transformer Production Value Estimates and Forecasts (2019-2030)
1.4.2 Global Magneto Optic Current Transformer Production Capacity Estimates and Forecasts (2019-2030)
1.4.3 Global Magneto Optic Current Transformer Production Estimates and Forecasts (2019-2030)
1.4.4 Global Magneto Optic Current Transformer Market Average Price Estimates and Forecasts (2019-2030)
1.5 Assumptions and Limitations
2 Market Competition by Manufacturers
2.1 Global Magneto Optic Current Transformer Production Market Share by Manufacturers (2019-2024)
2.2 Global Magneto Optic Current Transformer Production Value Market Share by Manufacturers (2019-2024)
2.3 Global Key Players of Magneto Optic Current Transformer, Industry Ranking, 2022 VS 2023 VS 2024
2.4 Global Magneto Optic Current Transformer Market Share by Company Type (Tier 1, Tier 2 and Tier 3)
2.5 Global Magneto Optic Current Transformer Average Price by Manufacturers (2019-2024)
2.6 Global Key Manufacturers of Magneto Optic Current Transformer, Manufacturing Base Distribution and Headquarters
2.7 Global Key Manufacturers of Magneto Optic Current Transformer, Product Offered and Application
2.8 Global Key Manufacturers of Magneto Optic Current Transformer, Date of Enter into This Industry
2.9 Magneto Optic Current Transformer Market Competitive Situation and Trends
2.9.1 Magneto Optic Current Transformer Market Concentration Rate
2.9.2 Global 5 and 10 Largest Magneto Optic Current Transformer Players Market Share by Revenue
2.10 Mergers & Acquisitions, Expansion
3 Magneto Optic Current Transformer Production by Region
3.1 Global Magneto Optic Current Transformer Production Value Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
3.2 Global Magneto Optic Current Transformer Production Value by Region (2019-2030)
3.2.1 Global Magneto Optic Current Transformer Production Value Market Share by Region (2019-2024)
3.2.2 Global Forecasted Production Value of Magneto Optic Current Transformer by Region (2025-2030)
3.3 Global Magneto Optic Current Transformer Production Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
3.4 Global Magneto Optic Current Transformer Production by Region (2019-2030)
3.4.1 Global Magneto Optic Current Transformer Production Market Share by Region (2019-2024)
3.4.2 Global Forecasted Production of Magneto Optic Current Transformer by Region (2025-2030)
3.5 Global Magneto Optic Current Transformer Market Price Analysis by Region (2019-2024)
3.6 Global Magneto Optic Current Transformer Production and Value, Year-over-Year Growth
3.6.1 North America Magneto Optic Current Transformer Production Value Estimates and Forecasts (2019-2030)
3.6.2 Europe Magneto Optic Current Transformer Production Value Estimates and Forecasts (2019-2030)
3.6.3 China Magneto Optic Current Transformer Production Value Estimates and Forecasts (2019-2030)
3.6.4 Japan Magneto Optic Current Transformer Production Value Estimates and Forecasts (2019-2030)
3.6.5 South Korea Magneto Optic Current Transformer Production Value Estimates and Forecasts (2019-2030)
3.6.6 China Taiwan Magneto Optic Current Transformer Production Value Estimates and Forecasts (2019-2030)
4 Magneto Optic Current Transformer Consumption by Region
4.1 Global Magneto Optic Current Transformer Consumption Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
4.2 Global Magneto Optic Current Transformer Consumption by Region (2019-2030)
4.2.1 Global Magneto Optic Current Transformer Consumption by Region (2019-2024)
4.2.2 Global Magneto Optic Current Transformer Forecasted Consumption by Region (2025-2030)
4.3 North America
4.3.1 North America Magneto Optic Current Transformer Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.3.2 North America Magneto Optic Current Transformer Consumption by Country (2019-2030)
4.3.3 U.S.
4.3.4 Canada
4.4 Europe
4.4.1 Europe Magneto Optic Current Transformer Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.4.2 Europe Magneto Optic Current Transformer Consumption by Country (2019-2030)
4.4.3 Germany
4.4.4 France
4.4.5 U.K.
4.4.6 Italy
4.4.7 Russia
4.5 Asia Pacific
4.5.1 Asia Pacific Magneto Optic Current Transformer Consumption Growth Rate by Region: 2019 VS 2023 VS 2030
4.5.2 Asia Pacific Magneto Optic Current Transformer Consumption by Region (2019-2030)
4.5.3 China
4.5.4 Japan
4.5.5 South Korea
4.5.6 China Taiwan
4.5.7 Southeast Asia
4.5.8 India
4.6 Latin America, Middle East & Africa
4.6.1 Latin America, Middle East & Africa Magneto Optic Current Transformer Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.6.2 Latin America, Middle East & Africa Magneto Optic Current Transformer Consumption by Country (2019-2030)
4.6.3 Mexico
4.6.4 Brazil
4.6.5 Turkey
5 Segment by Type
5.1 Global Magneto Optic Current Transformer Production by Type (2019-2030)
5.1.1 Global Magneto Optic Current Transformer Production by Type (2019-2024)
5.1.2 Global Magneto Optic Current Transformer Production by Type (2025-2030)
5.1.3 Global Magneto Optic Current Transformer Production Market Share by Type (2019-2030)
5.2 Global Magneto Optic Current Transformer Production Value by Type (2019-2030)
5.2.1 Global Magneto Optic Current Transformer Production Value by Type (2019-2024)
5.2.2 Global Magneto Optic Current Transformer Production Value by Type (2025-2030)
5.2.3 Global Magneto Optic Current Transformer Production Value Market Share by Type (2019-2030)
5.3 Global Magneto Optic Current Transformer Price by Type (2019-2030)
6 Segment by Application
6.1 Global Magneto Optic Current Transformer Production by Application (2019-2030)
6.1.1 Global Magneto Optic Current Transformer Production by Application (2019-2024)
6.1.2 Global Magneto Optic Current Transformer Production by Application (2025-2030)
6.1.3 Global Magneto Optic Current Transformer Production Market Share by Application (2019-2030)
6.2 Global Magneto Optic Current Transformer Production Value by Application (2019-2030)
6.2.1 Global Magneto Optic Current Transformer Production Value by Application (2019-2024)
6.2.2 Global Magneto Optic Current Transformer Production Value by Application (2025-2030)
6.2.3 Global Magneto Optic Current Transformer Production Value Market Share by Application (2019-2030)
6.3 Global Magneto Optic Current Transformer Price by Application (2019-2030)
7 Key Companies Profiled
7.1 ABB
7.1.1 ABB Magneto Optic Current Transformer Corporation Information
7.1.2 ABB Magneto Optic Current Transformer Product Portfolio
7.1.3 ABB Magneto Optic Current Transformer Production, Value, Price and Gross Margin (2019-2024)
7.1.4 ABB Main Business and Markets Served
7.1.5 ABB Recent Developments/Updates
7.2 Profotech
7.2.1 Profotech Magneto Optic Current Transformer Corporation Information
7.2.2 Profotech Magneto Optic Current Transformer Product Portfolio
7.2.3 Profotech Magneto Optic Current Transformer Production, Value, Price and Gross Margin (2019-2024)
7.2.4 Profotech Main Business and Markets Served
7.2.5 Profotech Recent Developments/Updates
7.3 The Trench
7.3.1 The Trench Magneto Optic Current Transformer Corporation Information
7.3.2 The Trench Magneto Optic Current Transformer Product Portfolio
7.3.3 The Trench Magneto Optic Current Transformer Production, Value, Price and Gross Margin (2019-2024)
7.3.4 The Trench Main Business and Markets Served
7.3.5 The Trench Recent Developments/Updates
7.4 Arteche
7.4.1 Arteche Magneto Optic Current Transformer Corporation Information
7.4.2 Arteche Magneto Optic Current Transformer Product Portfolio
7.4.3 Arteche Magneto Optic Current Transformer Production, Value, Price and Gross Margin (2019-2024)
7.4.4 Arteche Main Business and Markets Served
7.4.5 Arteche Recent Developments/Updates
7.5 NR Electric
7.5.1 NR Electric Magneto Optic Current Transformer Corporation Information
7.5.2 NR Electric Magneto Optic Current Transformer Product Portfolio
7.5.3 NR Electric Magneto Optic Current Transformer Production, Value, Price and Gross Margin (2019-2024)
7.5.4 NR Electric Main Business and Markets Served
7.5.5 NR Electric Recent Developments/Updates
7.6 T&D
7.6.1 T&D Magneto Optic Current Transformer Corporation Information
7.6.2 T&D Magneto Optic Current Transformer Product Portfolio
7.6.3 T&D Magneto Optic Current Transformer Production, Value, Price and Gross Margin (2019-2024)
7.6.4 T&D Main Business and Markets Served
7.6.5 T&D Recent Developments/Updates
8 Industry Chain and Sales Channels Analysis
8.1 Magneto Optic Current Transformer Industry Chain Analysis
8.2 Magneto Optic Current Transformer Key Raw Materials
8.2.1 Key Raw Materials
8.2.2 Raw Materials Key Suppliers
8.3 Magneto Optic Current Transformer Production Mode & Process
8.4 Magneto Optic Current Transformer Sales and Marketing
8.4.1 Magneto Optic Current Transformer Sales Channels
8.4.2 Magneto Optic Current Transformer Distributors
8.5 Magneto Optic Current Transformer Customers
9 Magneto Optic Current Transformer Market Dynamics
9.1 Magneto Optic Current Transformer Industry Trends
9.2 Magneto Optic Current Transformer Market Drivers
9.3 Magneto Optic Current Transformer Market Challenges
9.4 Magneto Optic Current Transformer Market Restraints
10 Research Finding and Conclusion
11 Methodology and Data Source
11.1 Methodology/Research Approach
11.1.1 Research Programs/Design
11.1.2 Market Size Estimation
11.1.3 Market Breakdown and Data Triangulation
11.2 Data Source
11.2.1 Secondary Sources
11.2.2 Primary Sources
11.3 Author List
11.4 Disclaimer
Published By : QY Research
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