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Dry Type Current Transformer Market Trends

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

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Dry Type Current Transformer Market Trends

The dry type current transformer industry is witnessing notable trends, due to the increasing emphasis on sustainability and environmental consciousness. As regulations tighten and industries seek greener solutions, the demand for environmentally friendly and non-flammable dry type transformers continues to rise, displacing oil-filled counterparts. Additionally, there is a growing focus on miniaturization and compact designs, making these transformers more space-efficient. The integration of advanced technologies, such as digital monitoring and smart grid applications, is on the rise, allowing for real-time data collection and remote monitoring, improving operational efficiency.

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,