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Dry Type Current Transformer Market Share

Report ID: GMI7094
Published Date: Oct 2023
Report Format: PDF

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Dry Type Current Transformer Market Share

ABB stands out as a dominant player in the market, attributed to a combination of factors, including its extensive experience, technological innovations, and a comprehensive product portfolio. With a global presence and a strong reputation for quality and reliability, ABB has established itself as a trusted provider of dry type current transformers across diverse industries. The company's commitment to sustainability and environmentally friendly solutions has also resonated with customers seeking greener alternatives. ABB's dedication to research and development ensures that they stay at the forefront of technological advancements, meeting the evolving needs of the energy sector.

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

ABB
General Electric
Automatic Electric Ltd.
Hitachi Energy Ltd.
Instrument Transformers LTD.
Guangdong Sihui Instrument Transformer Works Co., Ltd.
Siemens Energy
ARTECHE
Amran Inc
Peak Demand Inc.
Wenzhou Unisun Electric Co., Ltd.
Dalian Huayi Electric Power Electric Appliances Co.,Ltd
Macroplast
TWB

Authors: Ankit Gupta, Vishal Saini

Frequently Asked Questions (FAQ) :

The market valuation of the dry type current transformer was worth USD 510.4 million in 2023 and is poised to expand at over 8% CAGR from 2024 to 2032, driven by the increasing focus on safety and environmental considerations.

< 33 kV rated dry type current transformer market generated USD 420 million in 2022 and is set to exhibit over 7.5% CAGR from 2023 to 2032, driven by the surging global demand for electricity, propelled by factors such as population growth, urbanization, and industrialization.

Asia Pacific dry-type current transformer market size is projected to reach USD 400 million by 2032, attributed to the surging demand for efficient transmission & distribution (T&D) systems.

Some of the leading dry type current transformer firms are ABB, General Electric, Automatic Electric Ltd., Hitachi Energy Ltd., Instrument Transformers LTD., Siemens Energy, Wenzhou Unisun Electric Co., Ltd., and Dalian Huayi Electric Power Electric Appliances Co.,Ltd,