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Current Transformer Market Share

Report ID: GMI3717
Published Date: Jul 2024
Report Format: PDF

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Current Transformer Market Company Share

General Electric holds a significant share in the current transformer industry, leveraging its expertise in electrical distribution and power transmission technologies. Known for innovative solutions that enhance grid reliability and efficiency, GE's current transformers play a crucial role in supporting modern infrastructure needs globally.

Current Transformer Market Companies

Some of the key market players operating across the industry are:

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

Authors: Ankit Gupta, Vishal Saini

Frequently Asked Questions (FAQ) :

Market size for current transformer was valued at around USD 2.2 billion in 2023 and is estimated to record 6.7% CAGR through 2032, backed by the rising global demand for electricity, driven by population growth, urbanization, and industrialization.

The oil-immersed cooling segment of the current transformer industry is projected to surpass USD 2.9 billion by 2032, attributed to the enhanced cooling efficiency and durability, making them suitable for high-voltage applications.

Asia Pacific market is anticipated to surpass USD 1.5 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.