Current transformer market size to reach $3.9 B by 2030
The global current transformer market size is projected to reach $3.9 B by 2030, registering a CAGR of 6.82 % from 2025 to 2030.
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According to a new report by Grand View Research, Inc., the global current transformer market size is projected to reach $3.9 B by 2030, registering a CAGR of 6.82 % from 2025 to 2030.
The growing demand for reliable and accurate electrical measurement and protection in power systems is a key driver as industries and utilities strive to enhance grid stability and safety. Current transformers are vital in monitoring electrical currents, enabling effective control, metering, and fault detection across transmission and distribution networks.
Based on voltage, medium voltage current transformers dominated the market with a revenue share of 50.85 % in 2024 due to their essential role in monitoring and protecting power systems within the 1 kV to 36 kV range. Based on applications, power distribution accounted for the largest market share of 67.59 % in 2024, owing to the widespread deployment of current transformers in utility substations and secondary distribution networks.
Asia Pacific held the largest global current transformer market share, with a revenue contribution of over 38.89 % in 2024, driven by rapid industrialization, urban expansion, and extensive investments in power infrastructure. China, India, and Southeast Asia are witnessing strong electricity demand, which is fuelling the construction of new substations and grid modernisation projects. Other markets include North America, Latin America, Europe, Middle East and Africa.
Key players in the market: ABB, Amran Inc, ARTECHE, CG Power & Industrial Solutions Ltd., Circutor, Eaton Corporation, General Electric, Hammond Manufacturing Ltd., Hitachi Energy Ltd., Instrument Transformers LTD., among others.
Source: Grand View Research
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