Current Transformer Market
Current Transformer Market Analysis by Dry, Oil-immersed, and Gas-insulated for Energy Sector and Manufacturing Sector from 2023 to 2033
Analysis of Current Transformer Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
FREE CustomizationCurrent Transformer Market Outlook (2023 to 2033)
The global current transformer market is valued at US$ 1.70 billion in 2023 and is expected to reach US$ 2.93 billion by 2033, expanding at a CAGR of 5.6% over the forecast period (2023 to 2033). Transformers are crucial components used in electrical power systems for measuring, isolating, and transforming voltage.
Transformers are essential devices used in electrical power systems for voltage transformation, isolation, and measurement. Current transformers (CTs) are designed to measure electrical current and are typically used in conjunction with ammeters or other measuring devices.
The global transformer market has been experiencing steady growth over the years, driven by increasing electricity demand, infrastructure development, and the need for efficient power transmission and distribution. Demand for current transformers is closely tied to the growth of the power sector, renewable energy installations, industrial applications, and the expansion of smart grid systems.
Current transformers are extensively used in various industrial applications, including manufacturing, oil and gas, mining, and automation, to monitor and protect electrical equipment. Modernization of power grids with smart grid technologies relies on instrument transformers for accurate measurement, fault detection, and power flow control.
The necessity for effective power transmission and distribution, rising electricity demand, and rapid infrastructure development have all contributed to the current transformer market's consistent expansion over the years. Development of the power industry, rising installation of renewable energy systems, and the widespread use of smart grid systems are contributing to the demand for current transformers.
| Report Attributes | Details |
|---|---|
| Current Transformer Market Size (2022) | US$ 1.61 Billion |
| Estimated Market Value (2023) | US$ 1.70 Billion |
| Forecasted Market Value (2033) | US$ 2.93 Billion |
| Global Market Growth Rate (2023 to 2033) | 5.6% CAGR |
| India Market Value (2033) | US$ 240.62 Million |
| India Market Growth Rate (2023 to 2023) | 6% CAGR |
| Germany Market Value (2033) | US$ 290.50 Million |
| Germany Market Growth Rate (2023 to 2033) | 6.1% CAGR |
| Key Companies Profiled | GE Grid Solutions; Schneider Electric; VAC; ABB Limited; SIEMENS AG; Eaton; Amran Inc.; Hammond Manufacturing Ltd.; Nissin Electric Co., Ltd. |
Which Key Factors are Driving the Growth of the Current Transformer Market?
“Manufacturers’ Focus on Innovations in Current Transformer Design for Enhanced Accuracy and Performance”
Current transformers' improved accuracy at very low voltage levels is boosting their sales worldwide. Several suppliers provide precise revenue metering equipment that can be integrated with outdoor slip-over designs.
Innovations in transformer design to improve measurement accuracy give end users access to many metering locations, contributing to the grid's peak performance. During the forecast period, the market is expected to witness innovation driven by increased demand for accuracy and advancements in current transformer technology.
“Advancements in Epoxy Casting Techniques Enhancing Current Transformer Performance”
Processes for casting epoxy have changed during the past few decades. Epoxy liquid injection casting and vacuum encapsulation techniques have become popular recently. Automatic pressure gelation (APG), a technology that was used to properly automate the epoxy casting process, reduced the encapsulating cycle time and was later widely adopted by businesses.
Casting parameters for the APG process include temperature, pressure, and curing time. When it comes to streamlining the procedure to produce a better end product, these variables present a problem to epoxy manufacturers. APG enables engineers to optimize the casting process when utilized with cutting-edge simulation software (like RAMZES) and advanced resin handling, mixing, and process control technologies.
These enhancements aid in producing a reliable and affordable product. Throughout the forecast period, the market is projected to grow due to advancements in product technology and the increasing demand for technological innovation.
Country-wise Insights
How is Demand for Current Transformers Shaping Up in China?
“Robust Electrical Infrastructure and Extensive Power Generation Capacity Fueling Demand for Intelligent Current Monitoring Systems”
The Chinese market is expected to reach a value of US$ 727.73 million by 2033, progressing at a moderate CAGR of 5.7%.
China is known for its robust electrical infrastructure, rapid industrial growth, and extensive power generation capacity. China is home to several local manufacturers that produce current transformers to cater to domestic demand. These manufacturers range from large-scale companies to small regional players.
Chinese manufacturers have been investing in research and development to enhance the performance and accuracy of current transformers. The focus is on developing advanced technologies, such as digital current transformers and intelligent monitoring systems, to meet the evolving needs of the power industry.
The Chinese government has implemented policies and initiatives to promote energy efficiency, renewable energy integration, and grid modernization. These initiatives drive the demand for current transformers in China and create opportunities for market growth.
What is the Demand Outlook for Current Transformers in the United States?
“High Demand for Current Transformers Due to Advanced Power Grid Infrastructure, Infrastructure Upgrades, and Smart Grid Initiatives”
Demand for current transformers in the United States is expected to reach a value of US$ 713.06 million by 2033, progressing at a steady CAGR of 5.8%.
The United States is known for its advanced power grid infrastructure, extensive industrial sector, and significant energy consumption. The market is substantial, driven by the country's large-scale power generation, transmission, and distribution networks. The market has been witnessing steady growth due to factors such as infrastructure upgrades, renewable energy integration, and the need for accurate power measurement.
The utility sector plays a crucial role in driving the demand for current transformers in the United States. Current transformers are used for metering, protection, and monitoring purposes in utility substations and distribution systems.
The country has been investing in smart grid technologies to enhance the efficiency, reliability, and sustainability of the power grid. Current transformers play a vital role in smart grid systems by providing accurate measurements, facilitating grid monitoring, and enabling advanced control functionalities.
Category-wise Insights
Which Type of Current Transformer Accounts for Higher Sales?
“Compliance of Medium-voltage Transformers with Industry-specific Requirements and Regulations Fueling Their Sales”
Demand for medium-voltage current transformers is expected to grow at a CAGR of 6.3% over the forecasted period.
The medium-voltage rating of a current transformer typically refers to the range of voltage levels at which a current transformer is designed to operate effectively. The specific medium-voltage rating can vary depending on the application and the requirements of the electrical system.
In general, current transformers for medium-voltage applications are designed to measure currents in the range of several hundred volts to a few thousand volts. The typical medium-voltage range for current transformers is 1 kV (kilovolt) to 36 kV, although it can extend beyond these limits depending on specific applications.
It is important to note that the exact medium-voltage rating can vary based on regional standards and specific industry requirements. Different countries have their own voltage classification systems, and certain industries or applications might have specialized voltage levels that fall within the medium-voltage range.
What is the Demand Projection for Current Transformers in the Energy Sector?
“Current Transformers’ Role in Ensuring Efficient & Safe Electrical Infrastructure Operation Driving Their Widespread Utilization in Energy Sector”
Demand for current transformers in the energy sector is expected to increase at a steady CAGR of 5.5% from 2023 to 2033.
Current transformers play a crucial role in the energy sector, particularly in power generation, transmission, and distribution systems. They are widely used for measurement and protection purposes, ensuring efficient and safe operation of the electrical infrastructure.
Current transformers are an integral part of protective relaying systems. They detect abnormal current conditions, such as overcurrent or fault currents, and provide input signals to protective relays. These relays then initiate appropriate actions, such as tripping circuit breakers, isolating faulty equipment, or activating alarms, to prevent damage to the electrical system and ensure personnel safety.
By accurately measuring and providing current data during fault conditions, current transformers enable efficient fault detection and analysis. This information helps engineers and technicians identify the location, magnitude, and type of fault, facilitating efficient fault clearing and system restoration.
Competitive Landscape
The competitive landscape of the current transformer market in the energy sector is diverse, with several global and regional players vying for market share. Market dynamics, customer preferences, and regulatory frameworks may influence the competitive landscape in specific locations.
The competitive dynamics are influenced by factors such as technological advancements, product performance, pricing, customer service, and market reach. Continuous monitoring of industry trends, market intelligence, and customer feedback is essential to stay competitive in the market.
- The American government established a US$ 2.5 billion fund in May 2022 to upgrade and increase the capacity of the electrical grid. The goal is to expand new transmission lines and deal with power latency issues.
- A full set of voltage sag control equipment created independently by NR Electric Co. based on a high-speed switch was fully certified by Xi'an High Voltage Apparatus Research Institute (XIHARI) in December 2020 after passing the full set type test of the Xi'an High Voltage Apparatus Research Institute.
Key Segments of Current Transformer Industry Research
-
By Type :
- Dry
- Oil-immersed
- Gas-insulated
-
By Construction :
- Wound Type
- Toroidal
- Bar Type
- Summation
-
By Core :
- Solid Core
- Split Core
-
By Voltage Rating :
- Low Voltage
- Medium Voltage
- High Voltage
-
By Use Case :
- Indoors
- Outdoors
-
By Application :
- Protection
- Metering
-
By End-use Vertical :
- Energy Sector
- Power Plants
- Transmission Substations
- Distribution Substations
- Manufacturing Sector
- Energy Sector
-
By Region :
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East & Africa
Table of Content
- 1. Executive Summary
- 2. Market Overview
- 3. Market Risks & Trends Assessment
- 4. Market Background and Foundation Data Points
- 5. Global Market - Pricing Analysis
- 6. Global Market Demand (in Value or Size in US$ Mn) Analysis 2018 to 2022 and Forecast, 2023 to 2033
- 7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Type
- 7.1. Dry Type
- 7.2. Oil-Immersed
- 7.3. Gas Insulated
- 7.4. Others
- 8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Construction Type
- 8.1. Wound type Current Transformer
- 8.2. Toroidal Current Transformer
- 8.3. Bar type Current Transformer
- 8.4. Summation Current Transformer
- 9. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Core
- 9.1. Solid Core
- 9.2. Split Core
- 10. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Voltage Rating
- 10.1. Low Voltage
- 10.2. Medium Voltage
- 10.3. High Voltage
- 11. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Use Case
- 11.1. Indoor
- 11.2. Outdoor
- 12. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Application
- 12.1. Protection Current Transformer
- 12.2. Metering Current Transformer
- 13. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By End Use
- 13.1. Energy Sector
- 13.1.1. Power plants
- 13.1.2. Transmission Substation
- 13.1.3. Distribution Substations
- 13.2. Manufacturing Sector
- 13.3. Others
- 13.1. Energy Sector
- 14. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region
- 14.1. North America
- 14.2. Latin America
- 14.3. Europe
- 14.4. East Asia
- 14.5. South Asia
- 14.6. Oceania
- 14.7. Middle East and Africa (MEA)
- 15. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033
- 16. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033
- 17. Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033
- 18. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033
- 19. South Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033
- 20. Oceania Market Analysis 2018 to 2022 and Forecast 2023 to 2033
- 21. Middle East and Africa (MEA) Market Analysis 2018 to 2022 and Forecast 2023 to 2033
- 22. Market Structure Analysis
- 23. Competition Analysis
- 23.1. GE Electric
- 23.2. Schneider Electric
- 23.3. ABB Limited.
- 23.4. Siemens
- 23.5. CG Power and Industrial Solutions Limited
- 23.6. CGS Instrument Transformers
- 23.7. Continental Control System
- 23.8. Nissin Electric
- 23.9. VAC
- 23.10. Trench Group
- 23.11. Hammond Manufacturing
- 23.12. Dalian Huayi Electric Power Electric Appliances Co., Ltd.
- 24. Appendix
List Of Table
Table 01: Global Market Value (US$ Mn) and Volume ('000 Units) Analysis, By Type, 2018 to 2022
Table 02: Global Market Value (US$ Mn) and Volume ('000 Units) Analysis, By Type, 2023 to 2033
Table 03: Global Market Value (US$ Mn) and Volume ('000 Units) Analysis, By Construction Type, 2018 to 2022
Table 04: Global Market Value (US$ Mn) and Volume ('000 Units) Analysis, By Construction Type, 2023 to 2033
Table 05: Global Market Value (US$ Mn) and Volume ('000 Units) Analysis, By Core, 2018 to 2022
Table 06: Global Market Value (US$ Mn) and Volume ('000 Units) Analysis, By Core, 2023 to 2033
Table 07: Global Market Value (US$ Mn) and Volume ('000 Units) Analysis, By Voltage Rating, 2018 to 2022
Table 08: Global Market Value (US$ Mn) and Volume ('000 Units) Analysis, By Voltage Rating, 2023 to 2033
Table 09: Global Market Value (US$ Mn) and Volume ('000 Units) Analysis, By Use Case, 2018 to 2022
Table 10: Global Market Value (US$ Mn) and Volume ('000 Units) Analysis, By Use Case, 2023 to 2033
Table 11: Global Market Value (US$ Mn) and Volume ('000 Units) Analysis, By Application, 2018 to 2022
Table 12: Global Market Value (US$ Mn) and Volume ('000 Units) Analysis, By Application, 2023 to 2033
Table 13: Global Market Value (US$ Mn) and Volume ('000 Units) Analysis, By End Use, 2018 to 2022
Table 14: Global Market Value (US$ Mn) and Volume ('000 Units) Analysis, By End Use, 2023 to 2033
Table 15: Global Market Value (US$ Mn) and Volume ('000 Units) Analysis, By Country, 2018 to 2022
Table 16: Global Market Value (US$ Mn) and Volume ('000 Units) Analysis, By Country, 2023 to 2033
Table 17: North America Market Value (US$ Mn) and Volume ('000 Units) Analysis, By Type, 2018 to 2022
Table 18: North America Market Value (US$ Mn) and Volume ('000 Units) Analysis, By Type, 2023 to 2033
Table 19: North America Market Value (US$ Mn) and Volume ('000 Units) Analysis, By Construction Type, 2018 to 2022
Table 20: North America Market Value (US$ Mn) and Volume ('000 Units) Analysis, By Construction Type, 2023 to 2033
Table 21: North America Market Value (US$ Mn) and Volume ('000 Units) Analysis, By Core, 2018 to 2022
Table 22: North America Market Value (US$ Mn) and Volume ('000 Units) Analysis, By Core, 2023 to 2033
Table 23: North America Market Value (US$ Mn) and Volume ('000 Units) Analysis, By Voltage Rating, 2018 to 2022
Table 23: North America Market Value (US$ Mn) and Volume ('000 Units) Analysis, By Voltage Rating, 2023 to 2033
Table 25: North America Market Value (US$ Mn) and Volume ('000 Units) Analysis, By Use Case, 2018 to 2022
Table 26: North America Market Value (US$ Mn) and Volume ('000 Units) Analysis, By Use Case, 2023 to 2033
Table 27: North America Market Value (US$ Mn) and Volume ('000 Units) Analysis, By Application, 2018 to 2022
Table 28: North America Market Value (US$ Mn) and Volume ('000 Units) Analysis, By Application, 2023 to 2033
Table 29: North America Market Value (US$ Mn) and Volume ('000 Units) Analysis, By End Use, 2018 to 2022
Table 30: North America Market Value (US$ Mn) and Volume ('000 Units) Analysis, By End Use, 2023 to 2033
Table 31: North America Market Value (US$ Mn) and Volume (‘000 Units) Analysis, By Country, 2018 to 2022
Table 32: North America Market Value (US$ Mn) and Volume (‘000 Units) Analysis, By Country, 2023 to 2033
Table 33: Latin America Market Value (US$ Mn) and Volume ('000 Units) Analysis, By Type, 2018 to 2022
Table 34: Latin America Market Value (US$ Mn) and Volume ('000 Units) Analysis, By Type, 2023 to 2033
Table 35: Latin America Market Value (US$ Mn) and Volume ('000 Units) Analysis, By Construction Type, 2018 to 2022
Table 36: Latin America Market Value (US$ Mn) and Volume ('000 Units) Analysis, By Construction Type, 2023 to 2033
Table 37: Latin America Market Value (US$ Mn) and Volume ('000 Units) Analysis, By Core, 2018 to 2022
Table 38: Latin America Market Value (US$ Mn) and Volume ('000 Units) Analysis, By Core, 2023 to 2033
Table 39: Latin America Market Value (US$ Mn) and Volume ('000 Units) Analysis, By Voltage Rating, 2018 to 2022
Table 40: Latin America Market Value (US$ Mn) and Volume ('000 Units) Analysis, By Voltage Rating, 2023 to 2033
Table 41: Latin America Market Value (US$ Mn) and Volume ('000 Units) Analysis, By Use Case, 2018 to 2022
Table 42: Latin America Market Value (US$ Mn) and Volume ('000 Units) Analysis, By Use Case, 2023 to 2033
Table 43: Latin America Market Value (US$ Mn) and Volume ('000 Units) Analysis, By Application, 2018 to 2022
Table 44: Latin America Market Value (US$ Mn) and Volume ('000 Units) Analysis, By Application, 2023 to 2033
Table 45: Latin America Market Value (US$ Mn) and Volume ('000 Units) Analysis, By End Use, 2018 to 2022
Table 46: Latin America Market Value (US$ Mn) and Volume ('000 Units) Analysis, By End Use, 2023 to 2033
Table 47: Latin America Market Value (US$ Mn) and Volume (‘000 Units) Analysis, By Country, 2018 to 2022
Table 48: Latin America Market Value (US$ Mn) and Volume (‘000 Units) Analysis, By Country, 2023 to 2033
Table 49: Europe Market Value (US$ Mn) and Volume ('000 Units) Analysis, By Type, 2018 to 2022
Table 50: Europe Market Value (US$ Mn) and Volume ('000 Units) Analysis, By Type, 2023 to 2033
Table 51: Europe Market Value (US$ Mn) and Volume ('000 Units) Analysis, By Construction Type, 2018 to 2022
Table 52: Europe Market Value (US$ Mn) and Volume ('000 Units) Analysis, By Construction Type, 2023 to 2033
Table 53: Europe Market Value (US$ Mn) and Volume ('000 Units) Analysis, By Core, 2018 to 2022
Table 54: Europe Market Value (US$ Mn) and Volume ('000 Units) Analysis, By Core, 2023 to 2033
Table 55: Europe Market Value (US$ Mn) and Volume ('000 Units) Analysis, By Voltage Rating, 2018 to 2022
Table 56: Europe Market Value (US$ Mn) and Volume ('000 Units) Analysis, By Voltage Rating, 2023 to 2033
Table 57: Europe Market Value (US$ Mn) and Volume ('000 Units) Analysis, By Use Case, 2018 to 2022
Table 58: Europe Market Value (US$ Mn) and Volume ('000 Units) Analysis, By Use Case, 2023 to 2033
Table 59: Europe Market Value (US$ Mn) and Volume ('000 Units) Analysis, By Application, 2018 to 2022
Table 60: Europe Market Value (US$ Mn) and Volume ('000 Units) Analysis, By Application, 2023 to 2033
Table 61: Europe Market Value (US$ Mn) and Volume ('000 Units) Analysis, By End Use, 2018 to 2022
Table 62: Europe Market Value (US$ Mn) and Volume ('000 Units) Analysis, By End Use, 2023 to 2033
Table 63: Europe Market Value (US$ Mn) and Volume (‘000 Units) Analysis, By Country, 2018 to 2022
Table 64: Europe Market Value (US$ Mn) and Volume (‘000 Units) Analysis, By Country, 2023 to 2033
Table 65: East Asia Market Value (US$ Mn) and Volume ('000 Units) Analysis, By Type, 2018 to 2022
Table 66: East Asia Market Value (US$ Mn) and Volume ('000 Units) Analysis, By Type, 2023 to 2033
Table 67: East Asia Market Value (US$ Mn) and Volume ('000 Units) Analysis, By Construction Type, 2018 to 2022
Table 68: East Asia Market Value (US$ Mn) and Volume ('000 Units) Analysis, By Construction Type, 2023 to 2033
Table 69: East Asia Market Value (US$ Mn) and Volume ('000 Units) Analysis, By Core, 2018 to 2022
Table 70: East Asia Market Value (US$ Mn) and Volume ('000 Units) Analysis, By Core, 2023 to 2033
Table 71: East Asia Market Value (US$ Mn) and Volume ('000 Units) Analysis, By Voltage Rating, 2018 to 2022
Table 72: East Asia Market Value (US$ Mn) and Volume ('000 Units) Analysis, By Voltage Rating, 2023 to 2033
Table 73: East Asia Market Value (US$ Mn) and Volume ('000 Units) Analysis, By Use Case, 2018 to 2022
Table 74: East Asia Market Value (US$ Mn) and Volume ('000 Units) Analysis, By Use Case, 2023 to 2033
Table 75: East Asia Market Value (US$ Mn) and Volume ('000 Units) Analysis, By Application, 2018 to 2022
Table 76: East Asia Market Value (US$ Mn) and Volume ('000 Units) Analysis, By Application, 2023 to 2033
Table 77: East Asia Market Value (US$ Mn) and Volume ('000 Units) Analysis, By End Use, 2018 to 2022
Table 78: East Asia Market Value (US$ Mn) and Volume ('000 Units) Analysis, By End Use, 2023 to 2033
Table 79: East Asia Market Value (US$ Mn) and Volume (‘000 Units) Analysis, By Country, 2018 to 2022
Table 80: East Asia Market Value (US$ Mn) and Volume (‘000 Units) Analysis, By Country, 2023 to 2033
List Of Figures
Figure 01: Global Market Volume (‘000 Units) and Value (US$ Mn) Analysis, 2018, 2023 and 2033
Figure 02: Global Market Value (US$ Mn) Scenario Forecast, 2023 & 2033
Figure 03: Global Aftermarket Undercarriage Components Pricing Analysis
Figure 04: Global Market Value (US$ Mn), Volume (‘000 Units) Forecast and Analysis, 2018 to 2022
Figure 05: Global Market Value (US$ Mn), Volume (‘000 Units) Forecast and Analysis, 2023 to 2033
Figure 06: Global Market Value Y-o-Y Growth and Forecast, 2018 to 20230
Figure 07: Global Market Incremental $ Opportunity, 2023 to 2033
Figure 08: Global Market Value (US$ Mn), Volume (‘000 Units) and Forecast by Dry Type, 2018 to 2033
Figure 09: Global Market Incremental $ Opportunity by Dry Type, 2023 to 2033
Figure 10: Global Market Value (US$ Mn), Volume (‘000 Units) and Forecast by Oil-Immersed as Type, 2018 to 2033
Figure 11: Global Market Incremental $ Opportunity by Oil-Immersed as Type, 2023 to 2033
Figure 12: Global Market Value (US$ Mn), Volume (‘000 Units) and Forecast by Gas Insulated as Type, 2018 to 2033
Figure 13: Global Market Incremental $ Opportunity by Gas Insulated as Type, 2023 to 2033
Figure 14: Global Market Value (US$ Mn), Volume (‘000 Units) and Forecast by Other Type, 2018 to 2033
Figure 15: Global Market Incremental $ Opportunity by OtherType, 2023 to 2033
Figure 16: Global Market Value (US$ Mn), Volume (‘000 Units) and Forecast by Wound type, 2018 to 2033
Figure 17: Global Market Incremental $ Opportunity by Wound type, 2023 to 2033
Figure 18: Global Market Value (US$ Mn), Volume (‘000 Units) and Forecast by Toroidal Type, 2018 to 2033
Figure 19: Global Market Incremental $ Opportunity by Toroidal as Type, 2023 to 2033
Figure 20: Global Market Value (US$ Mn), Volume (‘000 Units) and Forecast by Bar Type, 2018 to 2033
Figure 21: Global Market Incremental $ Opportunity by Bar Type, 2023 to 2033
Figure 22: Global Market Value (US$ Mn), Volume (‘000 Units) and Forecast by Summation Type, 2018 to 2033
Figure 23: Global Market Incremental $ Opportunity by Summation Type, 2023 to 2033
Figure 24: Global Market Value (US$ Mn), Volume (‘000 Units) and Forecast by Solid Core, 2018 to 2033
Figure 25: Global Market Incremental $ Opportunity by Solid Core, 2023 to 2033
Figure 26: Global Market Value (US$ Mn), Volume (‘000 Units) and Forecast by Split Core, 2018 to 2033
Figure 27: Global Market Incremental $ Opportunity by Split Core, 2023 to 2033
Figure 28: Global Market Value (US$ Mn), Volume (‘000 Units) and Forecast by Low Voltage, 2018 to 2033
Figure 29: Global Market Incremental $ Opportunity by Low Voltage, 2023 to 2033
Figure 30: Global Market Value (US$ Mn), Volume (‘000 Units) and Forecast by Medium Voltage, 2018 to 2033
Figure 31: Global Market Incremental $ Opportunity by Medium Voltage, 2023 to 2033
Figure 32: Global Market Value (US$ Mn), Volume (‘000 Units) and Forecast by High Voltage, 2018 to 2033
Figure 33: Global Market Incremental $ Opportunity by High Voltage, 2023 to 2033
Figure 34: Global Market Value (US$ Mn), Volume (‘000 Units) and Forecast by Indoor type, 2018 to 2033
Figure 35: Global Market Incremental $ Opportunity by Indoor type, 2023 to 2033
Figure 36: Global Market Value (US$ Mn), Volume (‘000 Units) and Forecast by Outdoor Type, 2018 to 2033
Figure 37: Global Market Incremental $ Opportunity by Outdoor Type, 2023 to 2033
Figure 38: Global Market Value (US$ Mn), Volume (‘000 Units) and Forecast by Protection Current Transformer, 2018 to 2033
Figure 39: Global Market Incremental $ Opportunity by rotection Current Transformer, 2023 to 2033
Figure 40: Global Market Value (US$ Mn), Volume (‘000 Units) and Forecast by Metering Current Transformer, 2018 to 2033
Figure 41: Global Market Incremental $ Opportunity by Metering Current Transformer, 2023 to 2033
Figure 42: Global Market Value (US$ Mn), Volume (‘000 Units) and Forecast by Dry Type, 2018 to 2033
Figure 43: Global Market Incremental $ Opportunity by Dry Type, 2023 to 2033
Figure 44: Global Market Value (US$ Mn), Volume (‘000 Units) and Forecast by Manufacturing Sector, 2018 to 2033
Figure 45: Global Market Incremental $ Opportunity by Manufacturing Sector, 2023 to 2033
Figure 46: Global Market Value (US$ Mn), Volume (‘000 Units) and Forecast by Manufacturing Sector, 2018 to 2033
Figure 47: Global Market Incremental $ Opportunity by Manufacturing Sector, 2023 to 2033
Figure 48: Global Market Share Analysis By Region-; 2023 & 2033
Figure 49: Global Market Y-o-Y Growth Projections By Region, 2023 to 2033
Figure 50: Global Market Attractiveness Analysis By Region, 2023 to 2033
Figure 51: North America Market Value (US$ Mn), Volume (‘000 Units) Forecast and Analysis, 2018 to 2022
Figure 52: North America Market Value Y-o-Y Growth and Forecast, 2016 to 2033
Figure 53: North America Market Incremental $ Opportunity, 2023 to 2033
Figure 54: North America Market Value (US$ Mn), Volume (‘000 Units) Forecast and Analysis, 2023 to 2033
Figure 55: North America Market Share Analysis By Country -; 2023 & 2033
Figure 56: North America Market Y-o-Y Growth Projections By Country, 2023 to 2033
Figure 57: North America Market Attractiveness Analysis By Country, 2023 to 2033
Figure 58: North America Market Share Analysis By Type-; 2023 & 2033
Figure 59: North America Market Y-o-Y Growth Projections By Type, 2023 to 2033
Figure 60: North America Market Attractiveness Analysis By Type, 2023 to 2033
Figure 61: North America Market Share Analysis By Construction Type-; 2023 & 2033
Figure 62: North America Market Y-o-Y Growth Projections By Construction Type, 2023 to 2033
Figure 63: North America Market Attractiveness Analysis By Construction Type, 2023 to 2033
Figure 64: North America Market Share Analysis By Core-; 2023 & 2033
Figure 65: North America Market Y-o-Y Growth Projections By Core, 2023 to 2033
Figure 66: North America Market Attractiveness Analysis By Core, 2023 to 2033
Figure 67: North America Market Share Analysis By Voltage Rating-; 2023 & 2033
Figure 68: North America Market Y-o-Y Growth Projections By Voltage Rating, 2023 to 2033
Figure 69: North America Market Attractiveness Analysis By Voltage Rating, 2023 to 2033
Figure 70: North America Market Share Analysis By Use case-; 2023 & 2033
Figure 71: North America Market Y-o-Y Growth Projections By Use case, 2023 to 2033
Figure 72: North America Market Attractiveness Analysis By Use case, 2023 to 2033
Figure 73: North America Market Share Analysis By Application-; 2023 & 2033
Figure 74: North America Market Y-o-Y Growth Projections By Application, 2023 to 2033
Figure 75: North America Market Attractiveness Analysis By Application, 2023 to 2033
Figure 76: North America Market Share Analysis By End Use-; 2023 & 2033
Figure 77: North America Market Y-o-Y Growth Projections By End Use, 2023 to 2033
Figure 78: North America Market Attractiveness Analysis By End Use, 2023 to 2033
Figure 79: Latin America Market Value (US$ Mn), Volume (‘000 Units) Forecast and Analysis, 2018 to 2022
Figure 80: Latin America Market Value Y-o-Y Growth and Forecast, 2016 to 2033
Figure 81: Latin America Market Incremental $ Opportunity, 2023 to 2033
Figure 82: Latin America Market Value (US$ Mn), Volume (‘000 Units) Forecast and Analysis, 2023 to 2033
Figure 83: Latin America Market Share Analysis By Country -; 2023 & 2033
Figure 84: Latin America Market Y-o-Y Growth Projections By Country, 2023 to 2033
Figure 85: Latin America Market Attractiveness Analysis By Country, 2023 to 2033
Figure 86: Latin America Market Share Analysis By Type-; 2023 & 2033
Figure 87: Latin America Market Y-o-Y Growth Projections By Type, 2023 to 2033
Figure 88: Latin America Market Attractiveness Analysis By Type, 2023 to 2033
Figure 89: Latin America Market Share Analysis By Construction Type-; 2023 & 2033
Figure 90: Latin America Market Y-o-Y Growth Projections By Construction Type, 2023 to 2033
Figure 91: Latin America Market Attractiveness Analysis By Construction Type, 2023 to 2033
Figure 92: Latin America Market Share Analysis By Core-; 2023 & 2033
Figure 93: Latin America Market Y-o-Y Growth Projections By Core, 2023 to 2033
Figure 94: Latin America Market Attractiveness Analysis By Core, 2023 to 2033
Figure 95: Latin America Market Share Analysis By Voltage Rating-; 2023 & 2033
Figure 96: Latin America Market Y-o-Y Growth Projections By Voltage Rating, 2023 to 2033
Figure 97: Latin America Market Attractiveness Analysis Voltage Rating, 2023 to 2033
Figure 98: Latin America Market Share Analysis By Use case-; 2023 & 2033
Figure 99: Latin America Market Y-o-Y Growth Projections By Use case, 2023 to 2033
Figure 100: Latin America Market Attractiveness Analysis By Use case, 2023 to 2033
Figure 101: Latin America Market Share Analysis By Sales Application-; 2023 & 2033
Figure 102: Latin America Market Y-o-Y Growth Projections By Application, 2023 to 2033
Figure 103: Latin America Market Attractiveness Analysis By Application, 2023 to 2033
Figure 104: Latin America Market Share Analysis By End Use-; 2023 & 2033
Figure 105: Latin America Market Y-o-Y Growth Projections By End Use, 2023 to 2033
Figure 106: Latin America Market Attractiveness Analysis By End Use, 2023 to 2033
Figure 107: Europe Market Value (US$ Mn), Volume (‘000 Units) Forecast and Analysis, 2018 to 2022
Figure 108: Europe Market Value Y-o-Y Growth and Forecast, 2016 to 2033
Figure 109: Europe Market Incremental $ Opportunity, 2023 to 2033
Figure 110: Europe Market Value (US$ Mn), Volume (‘000 Units) Forecast and Analysis, 2023 to 2033
Figure 111: Europe Market Share Analysis By Country-; 2023 & 2033
Figure 112: Europe Market Y-o-Y Growth Projections By Country, 2023 to 2033
Figure 113: Europe Market Attractiveness Analysis By Country, 2023 to 2033
Figure 114: Europe Market Share Analysis By Type-; 2023 & 2033
Figure 115: Europe Market Y-o-Y Growth Projections By Type, 2023 to 2033
Figure 116: Europe Market Attractiveness Analysis By Type, 2023 to 2033
Figure 117: Europe Market Share Analysis By Construction Type-; 2023 & 2033
Figure 118: Europe Market Y-o-Y Growth Projections By Construction Type, 2023 to 2033
Figure 119: Europe Market Attractiveness Analysis By Construction Type, 2023 to 2033
Figure 120: Europe Market Share Analysis By Core-; 2023 & 2033
Figure 121: Europe Market Y-o-Y Growth Projections By Core, 2023 to 2033
Figure 122: Europe Market Attractiveness Analysis By Core, 2023 to 2033
Figure 123: Europe Market Share Analysis By Voltage Rating-; 2023 & 2033
Figure 124: Europe Market Y-o-Y Growth Projections By Voltage Rating, 2023 to 2033
Figure 125: Europe Market Attractiveness Analysis By Voltage Rating, 2023 to 2033
Figure 126: Europe Market Share Analysis By Use case-; 2023 & 2033
Figure 127: Europe Market Y-o-Y Growth Projections By Use case, 2023 to 2033
Figure 128: Europe Market Attractiveness Analysis By Use case, 2023 to 2033
Figure 129: Europe Market Share Analysis By Application-; 2023 & 2033
Figure 130: Europe Market Y-o-Y Growth Projections By Application, 2023 to 2033
Figure 131: Europe Market Attractiveness Analysis By Application, 2023 to 2033
Figure 132: Europe Market Share Analysis By End Use-; 2023 & 2033
Figure 133: Europe Market Y-o-Y Growth Projections By End Use, 2023 to 2033
Figure 134: Europe Market Attractiveness Analysis By End Use, 2023 to 2033
Figure 135: East Asia Market Value (US$ Mn), Volume (‘000 Units) Forecast and Analysis, 2018 to 2022
Figure 136: East Asia Market Value Y-o-Y Growth and Forecast, 2016 to 2033
Figure 137: East Asia Market Incremental $ Opportunity, 2023 to 2033
Figure 138: East Asia Market Value (US$ Mn), Volume (‘000 Units) Forecast and Analysis, 2023 to 2033
Figure 139: Europe Market Share Analysis By Country-; 2023 & 2033
Figure 140: Europe Market Y-o-Y Growth Projections By Country, 2023 to 2033
Figure 141: Europe Market Attractiveness Analysis By Country, 2023 to 2033
Figure 142: East Asia Market Share Analysis By Type-; 2023 & 2033
Figure 143: East Asia Market Y-o-Y Growth Projections By Type, 2023 to 2033
Figure 144: East Asia Market Attractiveness Analysis By Type, 2023 to 2033
Figure 145: East Asia Market Share Analysis By Construction Type-; 2023 & 2033
Figure 146: East Asia Market Y-o-Y Growth Projections By Construction Type, 2023 to 2033
Figure 147: East Asia Market Attractiveness Analysis By Construction Type, 2023 to 2033
Figure 148: East Asia Market Share Analysis By Core-; 2023 & 2033
Figure 149: East Asia Market Y-o-Y Growth Projections By Core, 2023 to 2033
Figure 150: East Asia Market Attractiveness Analysis By Core, 2023 to 2033
Figure 151: East Asia Market Share Analysis By Voltage Rating-; 2023 & 2033
Figure 152: East Asia Market Y-o-Y Growth Projections By Voltage Rating, 2023 to 2033
Figure 153: East Asia Market Attractiveness Analysis By Voltage Rating, 2023 to 2033
Figure 154: East Asia Market Share Analysis By Use case-; 2023 & 2033
Figure 155: East Asia Market Y-o-Y Growth Projections By Use case, 2023 to 2033
Figure 156: East Asia Market Attractiveness Analysis By Use case, 2023 to 2033
Figure 157: East Asia Market Share Analysis By Application-; 2023 & 2033
Figure 158: East Asia Market Y-o-Y Growth Projections By Application, 2023 to 2033
Figure 159: East Asia Market Attractiveness Analysis By Application, 2023 to 2033
Figure 160: East Asia Market Share Analysis By End Use-; 2023 & 2033
Figure 161: East Asia Market Y-o-Y Growth Projections By End Use, 2023 to 2033
Figure 162: East Asia Market Attractiveness Analysis By End Use, 2023 to 2033
Figure 163: South Asia Market Value (US$ Mn), Volume (‘000 Units) Forecast and Analysis, 2018 to 2022
Figure 164: South Asia Market Value Y-o-Y Growth and Forecast, 2016 to 2033
Figure 165: South Asia Market Incremental $ Opportunity, 2023 to 2033
Figure 166: South Asia Market Value (US$ Mn), Volume (‘000 Units) Forecast and Analysis, 2023 to 2033
Figure 167: Europe Market Share Analysis By Country-; 2023 & 2033
Figure 168: Europe Market Y-o-Y Growth Projections By Country, 2023 to 2033
Figure 169: Europe Market Attractiveness Analysis By Country, 2023 to 2033
Figure 170: South Asia Market Share Analysis By Type-; 2023 & 2033
Figure 171: South Asia Market Y-o-Y Growth Projections By Type, 2023 to 2033
Figure 172: South Asia Market Attractiveness Analysis By Type, 2023 to 2033
Figure 173: South Asia Market Share Analysis By Construction Type-; 2023 & 2033
Figure 174: South Asia Market Y-o-Y Growth Projections By Construction Type, 2023 to 2033
Figure 175: South Asia Market Attractiveness Analysis By Construction Type, 2023 to 2033
Figure 176: South Asia Market Share Analysis By Core-; 2023 & 2033
Figure 177: South Asia Market Y-o-Y Growth Projections By Core, 2023 to 2033
Figure 178: South Asia Market Attractiveness Analysis By Core, 2023 to 2033
Figure 179: South Asia Market Share Analysis By Voltage Rating-; 2023 & 2033
Figure 180: South Asia Market Y-o-Y Growth Projections By Voltage Rating, 2023 to 2033
Figure 181: South Asia Market Attractiveness Analysis By Voltage Rating, 2023 to 2033
Figure 182: South Asia Market Share Analysis By Use case-; 2023 & 2033
Figure 183: South Asia Market Y-o-Y Growth Projections By Use case, 2023 to 2033
Figure 184: South Asia Market Attractiveness Analysis By Use case, 2023 to 2033
Figure 185: South Asia Market Share Analysis Application-; 2023 & 2033
Figure 186: South Asia Market Y-o-Y Growth Projections By Application, 2023 to 2033
Figure 187: South Asia Market Attractiveness Analysis By Application, 2023 to 2033
Figure 188: South Asia Market Share Analysis By End Use-; 2023 & 2033
Figure 189: South Asia Market Y-o-Y Growth Projections By End Use, 2023 to 2033
Figure 190: South Asia Market Attractiveness Analysis By End Use, 2023 to 2033
Figure 191: Oceania Market Value (US$ Mn), Volume (‘000 Units) Forecast and Analysis, 2018 to 2022
Figure 192: Oceania Market Value Y-o-Y Growth and Forecast, 2016 to 2033
Figure 193: Oceania Market Incremental $ Opportunity, 2023 to 2033
Figure 194: Oceania Market Value (US$ Mn), Volume (‘000 Units) Forecast and Analysis, 2023 to 2033
Figure 195: Europe Market Share Analysis By Country-; 2023 & 2033
Figure 196: Europe Market Y-o-Y Growth Projections By Country, 2023 to 2033
Figure 197: Europe Market Attractiveness Analysis By Country, 2023 to 2033
Figure 198: Oceania Market Share Analysis By Type-; 2023 & 2033
Figure 199: Oceania Market Y-o-Y Growth Projections By Type, 2023 to 2033
Figure 200: Oceania Market Attractiveness Analysis By Type, 2023 to 2033
Figure 201: Oceania Market Share Analysis By Construction Type-; 2023 & 2033
Figure 202: Oceania Market Y-o-Y Growth Projections By Construction Type, 2023 to 2033
Figure 203: Oceania Market Attractiveness Analysis By Construction Type, 2023 to 2033
Figure 204: Oceania Market Share Analysis By Core-; 2023 & 2033
Figure 205: Oceania Market Y-o-Y Growth Projections By Core, 2023 to 2033
Figure 206: Oceania Market Attractiveness Analysis By Core, 2023 to 2033
Figure 207: Oceania Market Share Analysis By Voltage Rating-; 2023 & 2033
Figure 208: Oceania Market Y-o-Y Growth Projections By Voltage Rating, 2023 to 2033
Figure 209: Oceania Market Attractiveness Analysis By Voltage Rating, 2023 to 2033
Figure 210: Oceania Market Share Analysis By Use case-; 2023 & 2033
Figure 211: Oceania Market Y-o-Y Growth Projections By Use case, 2023 to 2033
Figure 212: Oceania Market Attractiveness Analysis By Use case, 2023 to 2033
Figure 213: Oceania Market Share Analysis By Application-; 2023 & 2033
Figure 214: Oceania Market Y-o-Y Growth Projections By Application, 2023 to 2033
Figure 215: Oceania Market Attractiveness Analysis By Application, 2023 to 2033
Figure 216: Oceania Market Share Analysis By End Use-; 2023 & 2033
Figure 217: Oceania Market Y-o-Y Growth Projections By End Use, 2023 to 2033
Figure 218: Oceania Market Attractiveness Analysis By End Use, 2023 to 2033
Figure 219: MEA Market Value (US$ Mn), Volume (‘000 Units) Forecast and Analysis, 2018 to 2022
Figure 220: MEA Market Value Y-o-Y Growth and Forecast, 2016 to 2033
Figure 221: MEA Market Incremental $ Opportunity, 2023 to 2033
Figure 222: MEA Market Value (US$ Mn), Volume (‘000 Units) Forecast and Analysis, 2023 to 2033
Figure 223: Europe Market Share Analysis By Country-; 2023 & 2033
Figure 224: Europe Market Y-o-Y Growth Projections By Country, 2023 to 2033
Figure 225: Europe Market Attractiveness Analysis By Country, 2023 to 2033
Figure 226: MEA Market Share Analysis By Type-; 2023 & 2033
Figure 227: MEA Market Y-o-Y Growth Projections By Type, 2023 to 2033
Figure 228: MEA Market Attractiveness Analysis By Type, 2023 to 2033
Figure 229: MEA Market Share Analysis By Fishing Type-; 2023 & 2033
Figure 230: MEA Market Y-o-Y Growth Projections By Fishing Type, 2023 to 2033
Figure 231: MEA Market Attractiveness Analysis By Fishing Type, 2023 to 2033
Figure 232: MEA Market Share Analysis By Length-; 2023 & 2033
Figure 233: MEA Market Y-o-Y Growth Projections By Length, 2023 to 2033
Figure 234: MEA Market Attractiveness Analysis By Length, 2023 to 2033
Figure 235: MEA Market Share Analysis By Length-; 2023 & 2033
Figure 236: MEA Market Y-o-Y Growth Projections By Length, 2023 to 2033
Figure 237: MEA Market Attractiveness Analysis By Length, 2023 to 2033
Figure 238: MEA Market Share Analysis By Sales Channel-; 2023 & 2033
Figure 239: MEA Market Y-o-Y Growth Projections By Sales Channel, 2023 to 2033
Figure 240: MEA Market Attractiveness Analysis By Sales Channel, 2023 to 2033
Figure 242: MEA Market Y-o-Y Growth Projections By Sales Channel, 2023 to 2033
Figure 241: MEA Market Share Analysis By Sales Channel-; 2023 & 2033
Figure 243: MEA Market Attractiveness Analysis By Sales Channel, 2023 to 2033
Figure 244: MEA Market Share Analysis By Length-; 2023 & 2033
Figure 245: MEA Market Y-o-Y Growth Projections By Length, 2023 to 2033
Figure 246: MEA Market Attractiveness Analysis By Length, 2023 to 2033
- FAQs -
What is the valuation of the current transformer market in 2023?
The global current transformer market stands at US$ 1.70 billion in 2023.
What is the forecasted growth rate for the global market?
The market for current transformers is predicted to expand at a CAGR of 5.6% from 2023 to 2033.
What is the demand outlook for current transformers by 2033?
Worldwide demand for current transformers is expected to reach a market value of US$ 2.93 billion by 2033.
At what rate are the sales of current transformers predicted to increase in India?
Sales of current transformers in India are set to increase at a CAGR of 6% through 2033.
What is the expected growth rate of the market in China?
The market in China is predicted to expand at a CAGR of 5.7% over the forecast period.
Current Transformer Market