Home > Energy & Power > Electrical Equipment > Transformers > Dry Type Current Transformer Market

Dry Type Current Transformer Market Trends

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

Download Free Sample

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.

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.