- In September 2024, Nissin Electric Co., Ltd. and Tata Power-DDL are partnering on a micro substation project using Power Voltage Transformer (PVT) technology to enhance electricity stability and affordability in remote areas of India. This collaboration enables Nissin Electric to demonstrate its advanced PVT solutions, strengthening its position in the high-power voltage instrument transformer market.
- In September 2024, Hubbell Incorporated has acquired Systems Control, a key manufacturer of substation control and relay panels, through a USD 600 million financing mix of term loans, cash, and commercial paper. This acquisition enhances Hubbell’s position in high power voltage instrument transformers by expanding its substation control solutions, bolstering grid reliability, and strengthening its role in critical power infrastructure
- In January 2019, Agile Magnetics is acquired by Standex International for USD 39 million, boosting its position in the high-reliability magnetics market and expanding its Northeast USA manufacturing footprint. The deal gives Agile access to Standex’s global resources, enhancing its capabilities in High Power Voltage Instrument Transformers, strengthening customer partnerships, optimizing the supply chain, and increasing competitiveness in high-growth markets
- In February 2025, Arteche Group has launched the URNR-TR-36, a VFTO-resistant dry-type outdoor voltage transformer designed for durability and reliability in extreme conditions. This innovation strengthens Arteche’s position in high-power voltage instrument transformers, enhancing credibility, expanding market reach, and reinforcing its expertise in VFTO-resistant technology
- In April 2024, Hitachi Energy is investing over USD 1.5 billion to expand global transformer manufacturing by 2027, including a USD 180 million facility in Finland. This enhances production capacity, strengthens market leadership, and meets growing demand for high power voltage instrument transformers while advancing digitalization, sustainability, and innovation
