Report overview
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.
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. This report contains market size and forecasts of Magneto Optic Current Transformer in global, including the following market information:
Global Magneto Optic Current Transformer Market Revenue, 2018-2023, 2024-2029, ($ millions)
Global Magneto Optic Current Transformer Market Sales, 2018-2023, 2024-2029, (K Units)
Global top five Magneto Optic Current Transformer companies in 2022 (%)
The global Magneto Optic Current Transformer market was valued at US$ 226.4 million in 2022 and is projected to reach US$ 384.1 million by 2029, at a CAGR of 7.8% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
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.
We surveyed the Magneto Optic Current Transformer manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Magneto Optic Current Transformer Market, by Type, 2018-2023, 2024-2029 ($ Millions) & (K Units)
Global Magneto Optic Current Transformer Market Segment Percentages, by Type, 2022 (%)
Fiber Type
Non Fiber Type
Global Magneto Optic Current Transformer Market, by Application, 2018-2023, 2024-2029 ($ Millions) & (K Units)
Global Magneto Optic Current Transformer Market Segment Percentages, by Application, 2022 (%)
Transformer
Power Systems and Instrumentations
Modern Electronic Meters
Transmission Line- Bus
Breaker-Or Distribution Schemes
Others
Global Magneto Optic Current Transformer Market, By Region and Country, 2018-2023, 2024-2029 ($ Millions) & (K Units)
Global Magneto Optic Current Transformer Market Segment Percentages, By Region and Country, 2022 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Magneto Optic Current Transformer revenues in global market, 2018-2023 (Estimated), ($ millions)
Key companies Magneto Optic Current Transformer revenues share in global market, 2022 (%)
Key companies Magneto Optic Current Transformer sales in global market, 2018-2023 (Estimated), (K Units)
Key companies Magneto Optic Current Transformer sales share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:
ABB
Profotech
The Trench
Arteche
NR Electric
T&D
Outline of Major Chapters:
Chapter 1: Introduces the definition of Magneto Optic Current Transformer, market overview.
Chapter 2: Global Magneto Optic Current Transformer market size in revenue and volume.
Chapter 3: Detailed analysis of Magneto Optic Current Transformer manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: 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 5: 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 6: Sales 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 of each country in the world.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: Global Magneto Optic Current Transformer capacity by region & country.
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: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 11: The main points and conclusions of the report.
