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Wound Type Current Transformer Market Trends

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

Wound Type Current Transformer Market Trends

The wound type current transformer industry is currently experiencing significant shifts driven by technological advancements, particularly the integration of smart features. There's a noticeable emphasis on enhancing accuracy, reliability, and efficiency in power measurement and monitoring systems, leading manufacturers to develop wound type current transformers with higher precision and improved insulation capabilities. The rising demand for renewable energy sources and the expansion of smart grid infrastructure are fueling the adoption of these transformers across various utility and industrial applications. There's a clear surge in demand for smaller, more compact designs without compromising performance, reflecting the industry's push towards miniaturization and space optimization.

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.

Wound Type Current Transformer Market Scope

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Premium Report Details

  • Base Year: 2022
  • Companies covered: 14
  • Tables & Figures: 627
  • Countries covered: 19
  • Pages: 450
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