Asia Pacific Current Transformer Market Size

The Asia Pacific current transformer market was valued at USD 937.9 Million in 2024 and is projected to witness a CAGR of 6.6% from 2025 to 2034, driven by factors such as rising energy demand, rapid industrialization, infrastructure development, and technological advancements. This region is expected to maintain its dominant position in the global CT market due to the large-scale investments in power generation, transmission, and distribution.

The Asia-Pacific region is undergoing rapid urbanization and industrial growth, particularly in countries like China, India, and Southeast Asian nations. This growth is driving an increasing demand for electricity, prompting the need for upgraded and expanded power grids. Current transformers are essential components in power transmission and distribution networks, where they help with monitoring and protection. As cities expand and industries develop, the need for reliable, high-capacity CTs has surged, contributing significantly to market growth.

Asia Pacific Current Transformer Market Trends

Technological advancements in current transformer designs are driving the market forward in Asia-Pacific. The adoption of digital and smart technologies is transforming how CTs are used in power grids. Smart current transformers, integrated with sensors, IoT connectivity, and data analytics capabilities, are enabling real-time monitoring and predictive maintenance. This integration allows utilities to monitor the health and performance of transformers remotely, identify potential issues before they lead to failures, and optimize grid operations. Moreover, innovations in material science and high-precision measurement are improving the accuracy and efficiency of CTs, making them more suitable for the modern power grid and increasing their adoption in the region.

Asia Pacific Current Transformer Market Analysis

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The dry type segment is projected to surpass USD 380 million by 2034. The dry-type current transformer segment is experiencing growth as industries and utilities look for more sustainable, cost-effective, and reliable alternatives to traditional oil-immersed transformers. Dry-type CTs, which do not use oil for insulation, are becoming increasingly popular in a variety of applications due to their environmental benefits, enhanced safety features, and growing demand for smart grid technologies.

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The power distribution segment is projected to experience a compound annual growth rate (CAGR) of over 5.8% through 2034. The current transformer (CT) market for power distribution is evolving in response to several key trends driven by technological advancements, regulatory pressures, and the growing demand for more reliable, sustainable, and efficient power distribution systems. As utilities and industries aim to enhance grid performance, support renewable energy integration, and comply with environmental regulations, the demand for advanced CTs continues to rise.

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China current transformer market is estimated to surpass USD 620.7 million by 2034, driven by the country’s large-scale investments in power grid modernization, renewable energy integration, and digitalization. As the country transitions toward smart grids and more sustainable energy solutions, the demand for advanced, reliable, and eco-friendly current transformers is set to increase. Technological innovations, including the development of smart CTs and dry-type transformers, are shaping the market, while growing environmental regulations encourage the use of more sustainable materials and solutions. With China’s ongoing energy transformation and infrastructure development, the current transformer market will remain crucial to ensuring the safe, efficient, and sustainable operation of the nation’s power distribution systems.

Asia Pacific Current Transformer Market Share

ABB holds a significant presence in the Asia Pacific current transformer industry, offering a wide range of electrical equipment, including both standard and customized designs. Leveraging its strong position in the electrical industry, ABB delivers specialized bushing solutions designed to cater to a variety of application requirements.

Asia Pacific Current Transformer Market Companies

Some of the major key players operating across the Asia Pacific current transformer industry are:

• ABB
• Amran
• Arteche
• CG Power
• Circutor
• Eaton
• General Electric
• Hammond
• Hitachi
• Littelfuse
• Nissin Electric
• Reco Transformers
• Schneider Electric
• Siemens
  

Asia Pacific Current Transformer Industry News:

• In February 2024, ABB has acquired SEAM Group, a prominent provider of asset management and advisory services. This acquisition aims to integrate advanced asset management capabilities into ABB's offerings. Additionally, ABB is focusing on incorporating digital technologies, such as IoT sensors, to enable predictive maintenance. These advancements are expected to extend the lifespan of transformers and help meet the growing demands of a modernized, increasingly electrified world.
  

This Asia Pacific current transformer market research report includes an in-depth coverage of the industry with estimates & forecast in terms of volume & revenue in ‘000 Units & USD Million from 2021 to 2034, for the following segments:

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Market, By Cooling

• Dry Type
• Oil Immersed

Market, By Product

• Wound Type
• Toroidal
• Bar Type
• Others

Market, By Voltage Rating

• ≤ 33 kV
• > 33 kV to ≤ 66 kV
• > 66 kV

Market, By Application

• Power Distribution
• Manufacturing
• Others

The above information has been provided for the following countries:

• China
• Japan
• South Korea
• India
• Australia