This new study of High Voltage and Medium Voltage Instrument Transformers shines a light on the growing requirement for additional current and voltage transformation equipment in electric power substations as more intelligent electronic devices are installed both in the substation and on the grid. From protective relays to substation meters to additional substation-based intelligent electronic devices, all require a reliable lower voltage, lower current power source to enable device operation.
According to Chuck Newton, “Newton-Evans Research undertook initial research on the topic of high voltage (HV) instrument transformers in mid-2012, then continued earlier this year for a private client study. Now, as follow-on to these efforts, Newton-Evans has extended its efforts into medium voltage (MV) instrument transformers during the second and early third quarters of 2013.”
Following are some key observations based on the HV/MV IT research program described in the report:
• By 2016, the combined HV/MV IT market will likely grow to more than $400 million annually with about $340-$370 million in U.S. expenditures and $50-$65 million spent by Canadian utilities and industry.
• Cumulative shipments of HV/MV instrument transformers within North America during 2013-2016 will approach $1.5 Billion.
• The manufacturing of HV IT equipment has a high “concentration ratio” (CR3) of suppliers.
• MV IT equipment manufacturing is less concentrated, with the medium voltage IT market addressed by several additional participants. (CR8).
• Sub-transmission level IT equipment, if viewed as a separate segment, would reveal additional market segment suppliers identified in the report.
• The spate of acquisitions a few years ago, involving the acquisition of the three leading “independent” HV IT equipment manufacturers (Trench, Ritz and Kuhlman) by Siemens, Alstom Grid and ABB, respectively, foreshadowed then-anticipated growth in this segment of the IT market in North America. Now, this T&D market segment continues to show promise in light of the construction and installation of new substations and quickening pace of grid modernization programs.
More information on this report, priced at $575.00, can be found by clicking on the”Reports” tab.
summary reviews and highlights from completed studies
