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Asia Pacific Current Transformer Market Size

  • Report ID: GMI6599
  • Published Date: Aug 2023
  • Report Format: PDF

Asia Pacific Current Transformer Market Size

Asia Pacific Current Transformer Market size was valued at USD 1 billion in 2023 and is slated to grow at over 6.5% CAGR between 2024 and 2032, driven by rapid industrialization and urbanization across the region. Increasing demand for efficient energy management and power distribution solutions, spurring the adoption of current transformers.

 

The escalating deployment of renewable energy sources like solar and wind power necessitates precise current sensing for grid stability and integration, driving the demand for current transformers. The region's increasing emphasis on enhancing electrical safety standards and complying with regulatory frameworks is also fostering the uptake of current transformers across industries. Furthermore, the integration of smart grid technologies and the advent of digital substations are augmenting the need for advanced current measurement solutions, contributing to market growth.

Authors: Ankit Gupta, Vishal Saini

Frequently Asked Questions (FAQ) :

The market size of current transformer in APAC was reached USD 1 billion in 2023 and is estimated to cross USD 1.8 billion by 2032, due to rapid industrialization and urbanization along with the propelling demand for efficient energy management and power distribution solutions across the region.

Asia Pacific current transformer market size from the ? 33 kV voltage rating segment is projected to witness over 6% CAGR from 2023 to 2032, driven by the burgeoning industrial and commercial sectors on a global scale.

China current transformer industry size is anticipated to exceed USD 640 million by 2032, owing to rapid urbanization, industrialization, and infrastructural expansion.

Some of the leading current transformer providers in Asia Pacific include Eaton Corporation, Siemens Energy, Hitachi Energy Ltd., Amran Inc, NISSIN ELECTRIC Co.,Ltd., ARTECHE, Circutor, Littelfuse, Inc., ABB, General Electric, Schneider Electric, and CG Power & Industrial Solutions Ltd.

Asia Pacific Current Transformer Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 14
  • Tables & Figures: 277
  • Countries covered: 5
  • Pages: 245
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