Dry Type Current Transformer Market Size - By Product, By Voltage Rating, By Application Analysis, Share, Growth Forecast 2025 – 2034

Dry Type Current Transformer Market Size

The global dry type current transformer market was valued at USD 558.8 million in 2024 and is envisioned to witness a CAGR of 7.7% from 2025 to 2034, driven by rising demand for energy-efficient solutions and advancements in grid infrastructure. Increasing renewable energy integration and urbanization are bolstering the adoption of transformers that offer minimal environmental impact and improved safety. These transformers are favored for their non-oil insulation systems, reducing the risk of fire hazards and environmental contamination, making them suitable for indoor and sensitive installations.
 

Manufacturers are focusing on innovations to improve efficiency, reliability, and durability. Advances include the use of epoxy-resin insulation, which enhances thermal performance and resistance to moisture and contaminants. Smart monitoring systems are increasingly incorporated, enabling real-time data collection and predictive maintenance, which aligns with the digitalization trends in energy management and grid modernization.
 

Dry Type Current Transformer Market Trends

The dry-type current transformer industry is becoming increasingly critical in renewable energy applications, such as solar farms and wind power projects. These transformers provide precise current measurement and protection, which are essential for integrating renewable energy into existing power grids. With global renewable energy targets and initiatives gaining momentum, manufacturers are designing transformers to meet the unique requirements of renewable installations, such as exposure to harsh environmental conditions and fluctuating power loads. Additionally, the growth in decentralized energy systems, including microgrids and community solar projects, is driving the demand for compact, efficient, and low-maintenance dry-type transformers.
 

Dry Type Current Transformer Market Analysis

The wound-type current transformer market is anticipated to exceed USD 476.4 million by 2034. The is experiencing steady growth due to increasing demand for accurate and reliable current measurement in power distribution networks. These transformers are widely used in high-voltage applications, such as substations and power transmission systems, due to their excellent accuracy, high efficiency, and cost-effectiveness. Advancements in materials, such as high-performance magnetic cores and insulation, are improving their overall performance and durability.
 

The power distribution segment is projected to grow at a CAGR of 6.8% through 2034. The growing trend of grid modernization and the development of smart grids are key drivers for the dry-type current transformer market. These transformers are essential for accurate current measurement, monitoring, and control in advanced power distribution systems, which require reliable and efficient energy management.
 

The U.S. dry type current transformer market is set to cross USD 92.5 million by 2034, due to increasing demand for safe, eco-friendly power distribution solutions. With a growing focus on grid modernization, smart grid technologies, and renewable energy integration, dry-type transformers are becoming integral in providing accurate current measurements in power networks.
 

The Asia Pacific dry-type current transformer market is experiencing robust growth, driven by rapid urbanization, industrialization, and increasing energy demand in countries like China and India. These transformers are gaining popularity due to their safety features, environmental benefits, and suitability for indoor and compact installations. The region’s growing focus on renewable energy integration, smart grid development, and infrastructure upgrades further accelerates the market's expansion.
 

Dry Type Current Transformer Market Share

ABB, a major player in the dry type current transformer industry, offers a diverse range of electrical equipment, including both standard and customized designs. With a strong foothold in the electrical industry, ABB consistently provides tailored bushing solutions to meet various application needs.
 

Dry Type Current Transformer Market Companies

Some of the major key players operating across the dry type current transformer industry are:

• ABB
• Amran
• ARTECHE
• Automatic Electric
• Dalian Huayi Electric Power Electric Appliances
• General Electric
• Guangdong Sihui Instrument Transformer Works
• Hitachi Energy
• Instrument Transformers
• Macroplast
• Peak Demand
• Siemens Energy
• TWB
• Wenzhou Unisun Electric
   

Dry Type Current Transformer Industry News:

• In July 2024, Siemens Energy showcased eco-friendly transformer solutions at a major industry event. These innovations included sustainability certifications and enhanced power flow control, reflecting the growing demand for environmentally conscious energy equipment.
  
   
• In March 2023, General Electric (GE) announced a significant investment exceeding $450 million to modernize its manufacturing facilities across the United States. This initiative focuses on integrating advanced equipment and enhancing infrastructure, strengthening the company’s operations and workforce. It aligns with GE’s strategy to establish two standalone, industry-leading businesses in the energy and aerospace sectors. The investment also supports the growth of GE’s energy solutions portfolio, which includes products like transformers, turbines, and generators, ensuring the company remains competitive in advancing power technologies.
   

This dry type 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 Product

• Wound Type
• Toroidal
• Bar Type
• Others

Market, By 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 regions and countries:

• North America
  • U.S.
  • Canada
  • Mexico
• Europe
  • UK
  • France
  • Germany
  • Italy
  • Russia
  • Spain
• Asia Pacific
  • China
  • Australia
  • India
  • Japan
  • South Korea
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Turkey
  • South Africa
  • Egypt
• Latin America
  • Brazil
  • Argentina