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Current Transformer Market Share

Report ID: GMI3717
Published Date: Jul 2023
Report Format: PDF

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Current Transformer Market Share

Notable companies operating in the current transformer market include :

Schneider Electric
General Electric
Siemens Energy
ABB
Eaton Corporation
Hitachi Energy Ltd.
Circutor
Littelfuse, Inc.
CG Power & Industrial Solutions Ltd.
Instrument Transformers LTD.
RECO Transformers Pvt. Ltd.
NISSIN ELECTRIC Co.,Ltd.
Hammond Manufacturing Ltd.
Amran Inc
ARTECHE

Authors: Ankit Gupta, Vishal Saini

Frequently Asked Questions (FAQ) :

The market size of current transformer was valued at around USD 2.1 billion in 2023 and is estimated to reach over USD 3.9 billion by 2032, backed by the rising global demand for electricity, driven by population growth, urbanization, and industrialization.

The bar type segment of current transformer market crossed USD 550 million in 2022 and will continue to witness high demand, primarily driven by extensive product application in power plants, electricity grids, control rooms, and switchgears for protection and metering purposes.

Asia Pacific market for current transformer is anticipated to surpass USD 1.8 billion by 2032, on account of the increasing demand for effective Transmission & Distribution (T&D) systems.

Schneider Electric, General Electric, Siemens Energy, ABB, Eaton Corporation, Hitachi Energy Ltd., Circutor, Littelfuse, Inc., CG Power & Industrial Solutions Ltd., and Instrument Transformers Ltd. among others.