Home > Energy & Power > Electrical Equipment > Transformers > Dry Type Current Transformer Market

Dry Type Current Transformer Market Size

  • Report ID: GMI7094
  • Published Date: Oct 2023
  • Report Format: PDF

A PHP Error was encountered

Severity: Warning

Message: getimagesize(ry Type Current Transformer Market Size</h2> <p>Dry Type Current Transformer Market was valued at USD 510.4 million in 2023 and is envisioned to grow at a CAGR of over 8% during 2024 to 2032. The increasing focus on safety and environmental considerations has led to a growing preference for dry type transformer. The adoption of renewable energy sources and the expansion of <strong><a href=): failed to open stream: No such file or directory

Filename: v2_reports/body1.php

Line Number: 256

Backtrace:

File: /home/admin/web/gminsights.com/public_html/application/views/v2_reports/body1.php
Line: 256
Function: getimagesize

File: /home/admin/web/gminsights.com/public_html/application/views/v2_layouts/master_header_footer.php
Line: 1098
Function: view

File: /home/admin/web/gminsights.com/public_html/application/controllers/Reports.php
Line: 677
Function: view

File: /home/admin/web/gminsights.com/public_html/index.php
Line: 305
Function: require_once

A PHP Error was encountered

Severity: Warning

Message: getimagesize(ry Type Current Transformer Market Size</h2> <p>Dry Type Current Transformer Market was valued at USD 510.4 million in 2023 and is envisioned to grow at a CAGR of over 8% during 2024 to 2032. The increasing focus on safety and environmental considerations has led to a growing preference for dry type transformer. The adoption of renewable energy sources and the expansion of <strong><a href=): failed to open stream: No such file or directory

Filename: v2_reports/body1.php

Line Number: 256

Backtrace:

File: /home/admin/web/gminsights.com/public_html/application/views/v2_reports/body1.php
Line: 256
Function: getimagesize

File: /home/admin/web/gminsights.com/public_html/application/views/v2_layouts/master_header_footer.php
Line: 1098
Function: view

File: /home/admin/web/gminsights.com/public_html/application/controllers/Reports.php
Line: 677
Function: view

File: /home/admin/web/gminsights.com/public_html/index.php
Line: 305
Function: require_once

Dry Type Current Transformer Market Size

Dry Type Current Transformer Market was valued at USD 510.4 million in 2023 and is envisioned to grow at a CAGR of over 8% during 2024 to 2032. The increasing focus on safety and environmental considerations has led to a growing preference for dry type transformer. The adoption of renewable energy sources and the expansion of smart grid systems require precise current measurement, further boosting the market. For instance, as per IEA, Japanese government in 2022 announced that they will invest USD 155 billion towards decarbonization and will further develop more smart technologies including smart grid and automation across power utilities and industries.

To understand key trends  
Download Free Sample
 

 

Dry Type Current Transformer Market

To understand market opportunities  
Download Free Sample
 

The need for reliable and accurate current measurement for various applications, including power distribution and industrial processes, fuels the demand for dry type current transformers. Finally, the construction and expansion of power infrastructure and the modernization of electrical networks worldwide contribute to the market growth.

 

Authors: Ankit Gupta, Vishal Saini

Frequently Asked Questions (FAQ) :

The market valuation of the dry type current transformer was worth USD 510.4 million in 2023 and is poised to expand at over 8% CAGR from 2024 to 2032, driven by the increasing focus on safety and environmental considerations.

< 33 kV rated dry type current transformer market generated USD 420 million in 2022 and is set to exhibit over 7.5% CAGR from 2023 to 2032, driven by the surging global demand for electricity, propelled by factors such as population growth, urbanization, and industrialization.

Asia Pacific dry-type current transformer market size is projected to reach USD 400 million by 2032, attributed to the surging demand for efficient transmission & distribution (T&D) systems.

Some of the leading dry type current transformer firms are ABB, General Electric, Automatic Electric Ltd., Hitachi Energy Ltd., Instrument Transformers LTD., Siemens Energy, Wenzhou Unisun Electric Co., Ltd., and Dalian Huayi Electric Power Electric Appliances Co.,Ltd,

Dry Type Current Transformer Market Scope

Buy Now

Access to only 1 person; cannot be shared; cannot be printed
Access for 2 to 5 users only within same department of one company
Access to a company wide audience; includes subsidiary companies or other companies within a group of companies

Premium Report Details

  • Base Year: 2023
  • Companies covered: 14
  • Tables & Figures: 645
  • Countries covered: 21
  • Pages: 480
 Download Free Sample