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Oil Immersed Current Transformer Market Size

Report ID: GMI6271
Published Date: Dec 2024
Report Format: PDF

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Oil Immersed Current Transformer Market Size

The global oil immersed current transformer market size was anticipated at USD 1.8 billion in 2024 and is expected to witness a CAGR of 6.3% between 2025 and 2034, driven by the increasing demand for reliable and efficient power systems.

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As global energy consumption rises, particularly in emerging economies, the need for upgraded and expanded electrical infrastructure is pushing the demand for oil-immersed CTs. These transformers are essential components in power transmission and distribution networks, enabling the monitoring and protection of high-voltage systems. The global rise in electricity consumption, coupled with government investments in energy infrastructure, is expected to propel the market forward.

Oil Immersed Current Transformer Market Report Attributes
Report Attribute	Details
Base Year:	2024
Oil Immersed Current Transformer Market Size in 2024:	USD 1.8 Billion
Forecast Period:	2025 to 2034
Forecast Period 2025 to 2034 CAGR:	6.3%
2034 Value Projection:	USD 3.4 Billion
Historical Data for:	2021 to 2024
No. of Pages:	80
Tables, Charts & Figures:	20
Segments covered:	Product, Voltage Rating, Application
Growth Drivers:	Refurbishment demand for existing grid infrastructure Growing deployment of renewable energy Increasing demand for electricity
Pitfalls & Challenges:	High initial cost & increased product prices

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A key trend shaping the oil-immersed current transformer industry is the growing focus on sustainability and environmental considerations. Traditional oil-based transformers face criticism due to concerns about the environmental impact of the oils used, including risks of leakage and disposal challenges. As a result, manufacturers are focusing on developing more eco-friendly solutions, such as using biodegradable oils or adopting hybrid transformer designs that reduce environmental risks. Despite these concerns, oil-immersed CTs remain in demand for high-voltage applications due to their proven reliability and efficiency.

Authors: Ankit Gupta, Vinayak Shukla

Frequently Asked Questions (FAQ) :

The market size of oil-immersed current transformer reached USD 1.8 billion in 2024 and is set to grow at a 6.3% CAGR from 2025 to 2034, driven by the increasing demand for reliable and efficient power systems.

The power distribution segment is anticipated to grow at a CAGR of over 5.4% through 2034, driven by rising global energy consumption and the need for reliable power distribution systems in emerging economies.

The U.S. market is forecasted to surpass USD 278 million by 2034, fueled by grid modernization, smart grid technology adoption, and environmental regulatory pressures.

Key players in the market include ABB, Amran, ARTECHE, Automatic Electric, CG Power and Industrial Solutions, Dalian Huayi Electric Power Electric Appliances, General Electric, Guangdong Sihui Instrument Transformer Works, Hitachi Energy, Instrument