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Oil Immersed Current Transformer Market Trends

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

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Oil Immersed Current Transformer Market Trends

Technological advancements are also influencing the oil immersed current transformer industry, particularly in terms of accuracy, efficiency, and integration with digital technologies. The development of new materials and innovations in design are enhancing the performance of oil-immersed current transformers, allowing for improved accuracy in measuring current and voltage. Additionally, the growing adoption of smart grids, which incorporate advanced communication and automation features, is encouraging the integration of oil-immersed CTs with digital and IoT systems, allowing for real-time monitoring and predictive maintenance, thereby improving grid performance.

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