Bar Type Current Transformer Market Analysis

Voltage (<33 kV, >33kV to <66 kV, >66 kV)

The <33 kV segment in the bar type current transformer market is estimated to gain a robust revenue share of 91% in the coming years owing to several factors converging within the energy sector. These transformers play an essential role in the transmission and distribution of electrical power, and upgrading of old power infrastructure is another major factor contributing to the rising demand for 33kV bar-type current transformers, which allow utilities to transmit more electricity over longer distances with less losses. Moreover, the need for 33kV bar-type current transformers is being driven by the growing use of renewable energy sources since these sources frequently run at higher voltages.

Cooling (Dry Type, Oil Immersed)

The oil-immersed segment in the bar type current transformer market is set to garner a notable share during forecast period. High transmission line currents are converted by oil-insulated current transformers into standardized, and low values that are utilized for the high-voltage system's metering, protection, and control and are often used to make sure that the measuring equipment's low- and high-voltage electrical insulation is adequate. Current transformers of the bar type are protected against the system's operating voltage, which is sometimes attached to the existing care device and comes in higher insulation levels and is commonly utilized in a variety of settings, including switchgear, power plants, electrical grids, and control rooms.

In addition, dry-type transformers are insulated with solid insulating materials including paper, and resin, which are recommended since they are typically utilized at low voltages.

Our in-depth analysis of the global market includes the following segments: