Valley Cottage, NY -- (SBWIRE) -- 04/08/2019 -- Magneto Optic Current Transformer is an important component of power system instrumentation. To measure electric current, substations and power stations use inductive type current transformers with core and windings. Considering the same the magneto optic current transformer is being used to facilitate smooth flow of current with high voltage.

Further various features of the magneto optic current transformer such as tolerance towards high voltage and absences of saturation effects are widening product application across power stations industry and instrumentation.

Magneto Optic Current Transformer Market: Drivers and Restraints

With increasing drawbacks of conventional current transformers such as saturation of magnetic field under high current, electromagnetic interference and complicated insulation and cooling structures are driving the demand for advanced electrical equipment, for instance, magneto optic current transformer market over the forecast period.

Further various intrinsic properties of the magneto optic current transformer such as immunity against electromagnetic interferences (EMI), the possibility of measuring AC & DC, and absence of saturation effects are attributing to drive the magneto optic current transformer market over forthcoming years.

In addition to above, electrical isolation and low power consumption of magneto optic current transformer are the other drivers of the market, which are enabling new lucrative opportunities for investors to invest in the respective industry.

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Global Magneto Optic Current Transformer Market: Market Segmentation

Global Magneto Optic Current Transformer Market can be divided into two segments, based on Application and Region.

Segmentation on the basis of the Application for Magneto Optic Current Transformer Market:

The major segments of Magneto Optic Current Transformer Market on the basis of the application include:

Transmission Line- Bus

Transformer

Breaker- Or Distribution Schemes

Power Systems And Instrumentations

Network Applications

Modern Electronic Meters

Electrical High Voltage (EHV) Substations

Segmentation on the basis of Region for Magneto Optic Current Transformer Market:

The major segments of Magneto Optic Current Transformer Market on the basis of Region include:

Asia-Pacific excluding Japan

The Middle East and Africa

Western Europe

North America

Eastern Europe

Latin America

Japan

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Global Magneto Optic Current Transformer Market: Regional Trend

Owing to massive growth in the applications of electric equipment in developed economies such as North America and Europe are anticipated to drive the market in developed countries. Further increasing worldwide electrical distribution/consumption are spurring the market growth in forthcoming years.

Asia Pacific is emerging a fastest growing segment of magneto optic current transformer market owing to rapid advancement in electrical components and increasing industrial utility are anticipated to drive the market in recent years.

Global Magneto Optic Current Transformer Competitive Landscape

Some of the prominent players in the Magneto Optic Current Transformer Market includes Asea Brown Boveri (ABB) Ltd., NR Electric Co., Ltd. and Profotech.