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Oil Immersed Current Transformer Market Trends

  • Report ID: GMI6271
  • Published Date: Jul 2023
  • Report Format: PDF

Oil Immersed Current Transformer Market trends

Digital oil-immersed current transformers (CTs) are gaining recognition owing to their advanced features, enhanced accuracy, and communication capabilities. These CTs provide digital outputs, making it easy to integrate them with smart grids, digital control systems, and IoT-based monitoring platforms. The shift digital current transformers from analog current transformers is impelled by the growing demand for more real-time data analysis, precise measurements, and remote monitoring capabilities.
 

The development and deployment of smart grid systems necessitate accurate current measurement and monitoring at various points in the grid. Oil-immersed current transformers play a crucial role in smart grid applications, enabling fault detection, load monitoring, and power quality analysis. Integrating oil-immersed current transformers with intelligent devices and communication protocols supports the efficient management of electricity distribution networks.
 

Moreover, the increasing awareness of energy efficiency and power quality issues is escalate the demand for advanced oil-immersed current transformers. Utilities and industries seek highly precise current transformers capable of measuring harmonics and low currents. Accurate current measurement aids in identifying inefficiencies, optimizing energy consumption, and maintaining power quality standards. The combination of these benefits makes digital oil-immersed current transformers a preferred choice for modern power systems and smart grid implementations.

Authors: Ankit Gupta, Vishal Saini

Frequently Asked Questions (FAQ) :

The market size for oil immersed current transformer reached USD 1.6 billion in 2023 and is estimated to cross USD 2.9 billion by 2032, propelled by rapid urbanization, population growth, and industrialization worldwide.

The ? 33 kV voltage rating segment recorded around 90% of the oil immersed current transformer market share in 2022 and is anticipated to observe over 6% CAGR from 2032 to 2032, owing to the rising global demand for electricity.

Asia Pacific oil immersed current transformer market size exceed USD 1.4 billion by 2032, driven by the growing demand for efficient transmission & distribution (T&D) systems.

ABB, General Electric, Automatic Electric Ltd., Hitachi Energy Ltd., NISSIN ELECTRIC Co.,Ltd., Instrument Transformers LTD., Siemens Energy, and CG Power & Industrial Solutions Ltd. are some of the major industry players.

Oil Immersed Current Transformer Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 16
  • Tables & Figures: 648
  • Countries covered: 19
  • Pages: 480
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