Dry Type Current Transformer Market
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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.
| Report Attribute | Details |
|---|---|
| Base Year: | 2024 |
| Dry Type Current Transformer Market size in 2024: | USD 558.8 Million |
| Forecast Period: | 2025 to 2034 |
| Forecast Period 2023 - 2032 CAGR: | 7.7 |
| 2023 Value Projection: | USD 1.2 Billion |
| Historical Data for: | 2021 to 2024 |
| No of Pages: | 80 |
| Tables, Charts & Figures: | 43 |
| Segments Covered: | Product, Rating and Application |
| Growth Drivers: |
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| Pitfalls Challenges: |
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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.
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.
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.
Some of the major key players operating across the dry type current transformer industry are:
Market, By Product
Market, By Rating
Market, By Application
The above information has been provided for the following regions and countries:
Key players in the industry include 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, and Wenzhou Unisun Electric.
The U.S. dry type current transformer market is set to cross USD 92.5 million by 2034, supported by increasing demand for safe, eco-friendly power distribution solutions and a focus on renewable energy integration and grid modernization.
What is the growth outlook for the power distribution segment in the dry type current transformer market?
The global market for dry type current transformer was reached USD 558.8 million in 2024 and is projected to grow at a 7.7% CAGR from 2025 to 2034, driven by rising demand for energy-efficient solutions and advancements in grid infrastructure.
The wound-type current transformer market is expected to exceed USD 476.4 million by 2034, as these transformers offer high accuracy and efficiency, making them ideal for high-voltage applications like substations and power transmission systems.