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Asia Pacific Current Transformer Market Trends

Report ID: GMI6599
Published Date: Aug 2023
Report Format: PDF

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Asia Pacific Current Transformer Market trends

The increasing focus on grid modernization and the integration of renewable energy sources is driving the demand for accurate current measurement and monitoring. As the region embraces clean energy solutions, current transformers play a crucial role in maintaining grid stability and efficient energy distribution. Additionally, the rise of smart cities and smart grid initiatives is propelling the adoption of advanced current transformers with digital communication capabilities, enabling real-time data collection and analysis. The shift towards Industry 4.0 and automation across various industries is further augmenting the demand for precision current measurement in industrial processes.

Authors: Ankit Gupta, Vishal Saini

Frequently Asked Questions (FAQ) :

The market size of current transformer in APAC was reached USD 1 billion in 2023 and is estimated to cross USD 1.8 billion by 2032, due to rapid industrialization and urbanization along with the propelling demand for efficient energy management and power distribution solutions across the region.

Asia Pacific current transformer market size from the ? 33 kV voltage rating segment is projected to witness over 6% CAGR from 2023 to 2032, driven by the burgeoning industrial and commercial sectors on a global scale.

China current transformer industry size is anticipated to exceed USD 640 million by 2032, owing to rapid urbanization, industrialization, and infrastructural expansion.

Some of the leading current transformer providers in Asia Pacific include Eaton Corporation, Siemens Energy, Hitachi Energy Ltd., Amran Inc, NISSIN ELECTRIC Co.,Ltd., ARTECHE, Circutor, Littelfuse, Inc., ABB, General Electric, Schneider Electric, and CG Power & Industrial Solutions Ltd.