The instrument transformers market is always changing. The next four years look bright for the industry. According to this analysis the market will grow at a CAGR of 7.81% during the period 2016-2020. This is obviously great news for all the players in the industry. But first, let’s take a look at why.
Modernisation of the Grid
One of the main reasons for this growth is investments in the grids. There is an increased demand for new transformers as governments are funding schemes to improve power transmission and distribution. A great example is India with their APDRP scheme (Accelerated Power Development and Reforms Programme). The trend is to find more effective and reliable solutions for grids to minimise waste of energy during long range transmission and avoid outages as much as possible.
Transformers play a significant role to support this movement. We understand that and focus on providing the perfect product for every project. Our units are well known in the industry for their longevity (see image below) and our engineers have the knowledge to solve almost any obstacles. That is why we are the “go to” guys when an unusual solution is needed. Sometimes it tends to go like this: “I need the CT to do this and it needs to fit here, make it happen”. Luckily, custom transformers are our specialty and words like "Magicians" & "Wizards" are regularly referred to our talented transformer design & manufacturing teams.
All these points plus our dedication to provide the best service to our customers means we have been listed as one of the key players in the Transformers industry by RnR Market Research last month. You can read all about it here. It is obviously great to receive a recognition like this as it is a reflection on the attitude of our whole team.