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Bar Type Current Transformer Market Share

Report ID: GMI7860
Published Date: Jan 2024
Report Format: PDF

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Bar-Type Current Transformer Market Share

ABB holds a commanding position in the bar-type current transformer industry, showcasing considerable expertise, technological leadership, and a strong portfolio in cooling solutions. With a widespread global presence, renowned reliability, and a dedication to sustainability, ABB resonates well with a variety of industries. The company's ongoing commitment to research and development keeps them at the forefront, addressing the dynamic needs of the evolving energy sector and solidifying their pivotal role with a significant market share.

Bar-Type Current Transformer Market Companies

Some of the key companies operating across the bar type current transformer industry are:

Schneider Electric
ABB
Siemens
GE Grid Solutions
Eaton Corporation
Mitsubishi Electric
Hitachi Energy Ltd.
Circutor
Polycast
Instrument Transformers LTD.
ARW Transformers Limited
NISSIN ELECTRIC Co.,Ltd.
Amran Inc
ARTECHE
FLEX-CORE

Authors: Ankit Gupta, Vishal Saini

Frequently Asked Questions (FAQ) :

The market size of bar type current transformer reached USD 600 million in 2023 and is envisioned to record over 7% CAGR from 2023 to 2032, owing to the escalating demand for electricity, fueled by urbanization and industrialization.

The oil immersed segment of the bar type current transformer industry is expected to witness more than 6.5% CAGR from 2023 to 2032, due to their robust designs to ensures durability and reliability in challenging environments, making them well-suited for heavy-duty applications.

Asia Pacific market is poised to cross USD 560 million by 2032, attributed to the increasing emphasis on upgrading and modernizing the power infrastructure in the region to meet the rising demand for electricity.

Schneider Electric, ABB, Siemens, GE Grid Solutions, Eaton Corporation, Mitsubishi Electric, Hitachi Energy Ltd., Circutor, Polycast, Instrument Transformers LTD., ARW Transformers Limited, NISSIN ELECTRIC Co.,Ltd., Amran Inc, ARTECHE, and FLEX-CORE.