Current Transformers Market

By Type;

Dry Type Current Transformer, Pouring Type Current Transformer, Oil-Immersed Current Transformer, and Gas Insulated Current Transformer

By Construction;

Wound Type, Toroidal, Bar Type, and Summation

By Application;

Metering, Protection, and Others

By End-Use Vertical;

Energy Sector and Manufacturing Sector

By Geography;

North America, Europe, Asia Pacific, Middle East & Africa, and Latin America - Report Timeline (2021 - 2031)
Report ID: Rn780476825 Published Date: August, 2025

Current Transformer Market Overview

Current Transformer Market (USD Million)

Current Transformer Market was valued at USD 30,986.86 million in the year 2024. The size of this market is expected to increase to USD 55,206.01 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 8.6%.


Current Transformers Market

*Market size in USD million

CAGR 8.6 %


Study Period2025 - 2031
Base Year2024
CAGR (%)8.6 %
Market Size (2024)USD 30,986.86 Million
Market Size (2031)USD 55,206.01 Million
Market ConcentrationMedium
Report Pages381
30,986.86
2024
55,206.01
2031

Major Players

  • GE Grid Solutions
  • Schneider Electric
  • VAC
  • ABB Limited
  • SIEMENS AG
  • Eaton
  • Amran Inc.
  • Hammond Manufacturing Ltd.
  • Nissin Electric Co., Ltd.

Market Concentration

Consolidated - Market dominated by 1 - 5 major players

Current Transformers Market

Fragmented - Highly competitive market without dominant players


The Current Transformers (CTs) market is experiencing steady momentum as industries prioritize precision and safety in electrical systems. Over 55% of operational frameworks depend on CTs to deliver accurate current monitoring and insulation, making them indispensable for high-voltage applications. Their essential role in enhancing system reliability continues to boost adoption.

Emphasis on Energy Optimization
The rising focus on energy optimization is pushing wider adoption of CTs across multiple industries. Currently, more than 48% of infrastructure projects integrate CTs to achieve better energy management and reduced wastage. By enabling exact current measurements, CTs support organizations in aligning with sustainability-driven goals and efficient power use.

Innovations Driving Market Progress
Technological improvements in CT design are reshaping the market landscape, with nearly 36% of product launches emphasizing advanced insulation and compact formats. These innovations enhance operational safety while minimizing maintenance, creating significant value for long-term system performance. Such progress is strengthening CTs’ position in modern networks.

Adoption in Digital and Smart Systems
The market is seeing strong uptake in digital-enabled power systems, where approximately 42% of CT deployments are aligned with smart monitoring technologies. Integration with communication protocols allows CTs to deliver real-time insights, improving power distribution and control. This evolution is enhancing the role of CTs in smart, connected environments.

Steady Growth Prospects Ahead
With rising investment in modern electrical infrastructure, the CT market is set for sustained expansion. About 50% of upcoming distribution projects are expected to rely on advanced CT solutions, reflecting their critical role in efficiency and innovation. The combination of reliability, precision, and evolving applications positions CTs as key enablers of future-ready systems.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Type
    2. Market Snapshot, By Construction
    3. Market Snapshot, By Application
    4. Market Snapshot, By End-Use Vertical
    5. Market Snapshot, By Region
  4. Current Transformer Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Increasing Electricity Demand
        2. Infrastructure Development
        3. Renewable Energy Integration
        4. Industrial Applications
      2. Restraints
        1. Cost Constraints
        2. Technological Limitations
        3. Regulatory Compliance
        4. Environmental Concerns
      3. Opportunities
        1. Renewable Energy Integration
        2. Industrial Automation
        3. Smart Grid Development
        4. Grid Modernization Initiatives
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Current Transformer Market, By Type, 2021 - 2031 (USD Million)
      1. Dry Type Current Transformer
      2. Pouring Type Current Transformer
      3. Oil-Immersed Current Transformer
      4. Gas Insulated Current Transformer
    2. Current Transformer Market, By Construction, 2021 - 2031 (USD Million)
      1. Wound Type
      2. Toroidal
      3. Bar Type
      4. Summation
    3. Current Transformer Market, By Application, 2021 - 2031 (USD Million)

      1. Metering

      2. Protection

      3. Others

    4. Current Transformer Market, By End-use Vertical, 2021 - 2031 (USD Million)
      1. Energy Sector
      2. Manufacturing Sector
    5. Current Transformer Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. GE Grid Solutions
      2. Schneider Electric
      3. VAC
      4. ABB Limited
      5. SIEMENS AG
      6. Eaton
      7. Amran Inc.
      8. Hammond Manufacturing Ltd.
      9. Nissin Electric Co., Ltd.
  7. Analyst Views
  8. Future Outlook of the Market