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Dry Type Current Transformer Market Size

Report ID: GMI7094
Published Date: Dec 2024
Report Format: PDF

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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.

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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 Report Attributes
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 2025 to 2034 CAGR:	7.7%
2034 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:	Refurbishment of existing grid networks Rapid smart grid adoption Escalating demand for reliable & continuous electricity
Pitfalls & Challenges:	Slow paced technological evolution across developing regions

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Authors: Ankit Gupta, Vinayak Shukla

Frequently Asked Questions (FAQ) :

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.

What is the growth outlook for the power distribution segment in the dry type current transformer market?

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.

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.