Optical Current Transformers Market

By Type;

Fiber Optic Current Transformer (FOCT) and Hybrid Optical Current Transformer

By Installation;

GIS (Gas Insulated Switchgear), AIS (Air Insulated Switchgear) and Transformer Installations

By Voltage Rating;

Low Voltage (Up to 1 kV), Medium Voltage (1 kV-69 kV), High Voltage (69 kV-230 kV) and Extra High Voltage (Above 230 kV)

By Application;

Power Grid, Industrial Applications and Renewable Energy Integration

By End-Use Industry;

Utilities, Industrial, Renewable Energy and Commercial Infrastructure

By Geography;

North America, Europe, Asia Pacific, Middle East & Africa and Latin America - Report Timeline (2021 - 2031)
Report ID: Rn189172423 Published Date: August, 2025 Updated Date: September, 2025

Optical Current Transformer Market Overview

Optical Current Transformer Market (USD Million)

Optical Current Transformer Market was valued at USD 143.04 million in the year 2024. The size of this market is expected to increase to USD 251.57 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 8.4%.


Optical Current Transformers Market

*Market size in USD million

CAGR 8.4 %


Study Period2025 - 2031
Base Year2024
CAGR (%)8.4 %
Market Size (2024)USD 143.04 Million
Market Size (2031)USD 251.57 Million
Market ConcentrationMedium
Report Pages370
143.04
2024
251.57
2031

Major Players

  • ARTECHE
  • TRENCH Group
  • ABB Group
  • GE Grid Solution
  • SIEMENS AG
  • JSC PROFOTECH
  • Beijing Daelim Green EP Tech Co
  • NR Electric Co

Market Concentration

Consolidated - Market dominated by 1 - 5 major players

Optical Current Transformers Market

Fragmented - Highly competitive market without dominant players


The Optical Current Transformers Market is advancing quickly as industries demand more accurate measurement, enhanced safety, and reliable monitoring in high-voltage systems. With efficiency gains of over 40%, these transformers outperform traditional models by eliminating electromagnetic interference and ensuring stable power transmission in evolving energy networks.

Key Factors Driving Market Growth
The emphasis on grid stability, power reliability, and energy efficiency is a major growth driver for optical current transformers. Approximately 35% of utilities and industries have already shifted to optical solutions for their compact design and operational reliability. These features make them increasingly vital for next-generation power infrastructures.

Technological Advancements Supporting Adoption
The market is benefitting from innovations in digital substations, IoT integration, and advanced sensing technologies. Almost 50% of new installations are now equipped with digital monitoring capabilities, which enhance automation, enable predictive maintenance, and improve overall grid performance while reducing downtime.

Benefits Enhancing Market Preference
Optical current transformers are favored for their high accuracy, non-intrusive measurement, wide dynamic range, and improved insulation. Over 45% of users now prefer these devices for their safety and suitability in high-voltage applications. Their environmentally friendly design also aligns with the growing shift toward sustainable power solutions.

Future Growth Prospects
The Optical Current Transformers Market has robust growth potential, fueled by rising adoption of smart grids, renewable energy systems, and automated substations. Around 60% of stakeholders are planning to expand investments in these advanced solutions. Ongoing R&D and innovation will continue to drive their integration across diverse energy applications.

  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 Application
    3. Market Snapshot, By Voltage Range
    4. Market Snapshot, By Region
  4. Optical Current Transformer Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Increasing Demand for Accurate

        2. Reliable Current Measurement

        3. Grid Modernization

        4. Infrastructure Development

      2. Restraints
        1. Technological Limitations

        2. Development Challenges

        3. High Initial Costs

        4. Investment Constraints

      3. Opportunities
        1. Eco-Friendly Energy Production

        2. Biodiversity Conservation

        3. Habitat Protection

        4. Resource Efficiency and Waste Reduction

    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. Optical Current Transformer Market, By Type, 2021 - 2031 (USD Million)
      1. Magneto Optical Current Transformer (MOCT)
      2. Fiber Optical Current Transformer (FOCT)
      3. Electronic Fiber Optical Current Transformer (EFOCT)
      4. Flexible Electronic Fiber Optical Current Transformer (FEFOCT)
    2. Optical Current Transformer Market, By Application, 2021 - 2031 (USD Million)
      1. Electrical High Voltage (EHV) Substation
      2. Network Applications
      3. Power System & Instrumentation
      4. Modern Electronic Meter
      5. Transformer
      6. Transmission Line
    3. Optical Current Transformer Market, By Voltage Range, 2021 - 2031 (USD Million)
      1. Upto 123KV
      2. 123KV – 170KV
      3. 170KV – 300KV
      4. 300KV – 420KV
      5. Above 420KV
    4. Optical 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. ARTECHE
      2. TRENCH Group
      3. ABB Group
      4. GE Grid Solution
      5. SIEMENS AG
      6. JSC PROFOTECH
      7. Beijing Daelim Green EP Tech Co.
      8. NR Electric Co
  7. Analyst Views
  8. Future Outlook of the Market