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Wound Type Current Transformer Market Share

Report ID: GMI7431
Published Date: Nov 2023
Report Format: PDF

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Wound Type Current Transformer Market Share

ABB dominates the wound-type current transformer market, boasting extensive expertise, technological edge, and a robust cooling portfolio. Its global presence, renowned reliability, and focus on sustainability resonate with diverse industries. ABB's commitment to R&D keeps them ahead, meeting evolving energy sector needs, cementing their pivotal position with a substantial market share.

Some of the key market players operating across the wound type current transformer industry are:

Schneider Electric
ABB
Siemens
GE Grid Solutions
Eaton Corporation
Mitsubishi Electric
Hitachi Energy Ltd.
Circutor
Littelfuse, Inc.
Instrument Transformers LTD.
RECO Transformers Pvt. Ltd.
NISSIN ELECTRIC Co.,Ltd.
Amran Inc
ARTECHE

Authors: Ankit Gupta, Vishal Saini

Frequently Asked Questions (FAQ) :

The market size of wound type current transformer was worth over USD 860 million in 2022 and is expected to register over 6% CAGR from 2023 to 2032, due to the increasing demand for electricity, driven by rapid urbanization and industrialization worldwide.

The oil immersed cooling type segment held more than 75% share of the wound type current transformer industry in 2022 owing to advantages, such as robust design to ensure durability and reliability in harsh environments in heavy-duty applications.

Asia Pacific market for wound type current transformer is expected to exceed USD 690 million by 2032 due to the escalating need for more effective transmission & distribution (T&D) systems in the region.

Schneider Electric, ABB, Siemens, GE Grid Solutions, Eaton Corporation, Mitsubishi Electric, Hitachi Energy Ltd., Circutor, and Littelfuse, Inc. are some of the major wound type current transformer companies worldwide.