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Current Transformer Market Size

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Report ID: 6072
Published Date: Nov 15, 2024
Report Format: PDF, PPT

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Current Transformer Market Size

Current Transformer Market size was valued at USD 2.33 billion in 2024 and is expected to reach USD 5.28 billion by 2037, registering around 6.5% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of current transformer is assessed at USD 2.45 billion.

The rising demand for electricity from residential areas, the power sector, and industries is driving growth in the market. As per International Energy Agency, global electricity demand is expected to rise by 3.4% consecutively every year across 2026.

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Browse Key Market Insights with Data Illustration:

Current Transformer Market Size, Growth Trends 2037

Author Credits: Dhruv Bhatia

Report ID: 6072
Published Date: Nov 15, 2024
Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

In the year 2025, the industry size of current transformer is assessed at USD 2.45 billion.

The current transformer market size was valued at USD 2.33 billion in 2024 and is expected to reach USD 5.28 billion by 2037, registering around 6.5% CAGR during the forecast period i.e., between 2025-2037. The rising demand for electricity from residential areas, the power sector, and industries will boost the market growth.

Asia Pacific industry is likely to dominate majority revenue share of 41% by 2037, driven by huge investments made in power infrastructure.

The major players in the market are Siemens, Eaton Corporation, Amran Instruments Transformers, Hammond Power Solutions, Socomec, Megger, and others.

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