Current Transformer Market Size to Grow by USD 219.65 Mn, Enhanced Accuracy of Current Transformers to Drive Growth - Technavio

NEW YORK, Oct. 24, 2022 /PRNewswire/ -- The current transformer market is growing at a CAGR of 4.75% and is expected to register an incremental growth of USD 219.65 million from 2021 to 2026. The report has analyzed the market size, growth, and provides accurate predictions on the growth of the market.

Key Highlights

• The report recognizes the following as the key players in the current transformer market: ABB Ltd., CGS Instrument Transformers, FRER Srl V.le, Hammond Manufacturing Co. Ltd., Huayi Group. Co. Ltd., among others.
• The global current transformer market structure is fragmented in nature.
• APAC is expected to have a significant share in the current transformer market.
• Market to observe 3.67% YOY growth in 2022.

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Market Dynamics

The current transformer market is expected to witness substantial growth during the forecast period, primarily due to the enhanced accuracy of current transformers at extremely low voltage levels. Several vendors offer accurate revenue metering technology, which are incorporated with outdoor slip-over designs. New current transformer designs provide end-users with access to several metering points for improved accuracy in measurements, which helps ensure optimal performance of the grid. Thus, the rise in the demand for accuracy and enhancements in current transformers will lead to innovation in the market during the forecast period.

The report also covers information on the upcoming trends and challenges that will influence the market growth. Explore additional information by Downloading a FREE Sample Report

Vendor Landscape

The current transformer market is fragmented, with a wide number of international and regional vendors. Vendors are deploying growth strategies such as design, quality, turnaround time, product features, services, and maintenance of customer relationships to compete in the market. Most vendors lack product differentiation, which has compelled them to competitively price their products and services. Prominent vendors have high capital expenditures. However, new entrants would find it difficult to compete with international vendors.

This report provides a full list of key vendors, their strategies, and the latest developments. Buy Now to gain access to exclusive vendor information

Key Segments

The current transformer market is segmented by application into switchgear and power transformers. The switchgear segment is expected to be the largest segment of the global current transformer market during the forecast period. The segment is driven by an increase in investments in renewable energy projects worldwide.

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Regional Growth Analysis

The global current transformer market is analyzed across five regions, namely APAC, Europe, North America, South America, and the Middle East and Africa. APAC is the dominating region and is expected to account for 50% of the global market share over the forecast period. Rapid urbanization and improved living standards have increased electricity consumption in the region, which, in turn, will drive the current transformer market's growth in APAC over the forecast period.

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Along with the market data, Technavio offers customizations as per the specific needs of companies. The following customization options are available for the current transformer market report: 

 Regional Analysis 

•  Further breakdown of the market segmentation at requested regions. 

 Market Player Information 

• Detailed analysis and profiling of additional market players, vendor segmentation, and vendor offerings.
• Know the strategies adopted by vendors during the recovery phase. View our FREE Sample Report

Related Reports

Direct Current Power System Market by End-user, Type, and Geography - Forecast and Analysis 2021-2025: Increasing urbanization and changing consumer lifestyles are driving market growth. There has been a considerable shift in the lifestyles of consumers in the past two decades. The shift is higher in emerging economies.

High Voltage Direct Current (HVDC) Transmission Systems Market in UK by Type and Component - Forecast and Analysis 2022-2026: The optimal solution for long-distance transmission power is driving the market growth. The rising demand for power for commercial, industrial, and household activities has increased the need to develop a diverse energy generation portfolio. High voltage transmission systems refer to all the major equipment used to carry out the entire task of electric power transmission.

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Table Of Contents

1 Executive Summary

• 1.1 Market overview 
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Application
• Exhibit 06: Executive Summary – Chart on Incremental Growth
• Exhibit 07: Executive Summary – Data Table on Incremental Growth
• Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem 
• Exhibit 09: Parent market
• Exhibit 10: Market Characteristics

3 Market Sizing

• 3.1 Market definition 
• Exhibit 11: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 12: Market segments

• 3.3 Market size 2021

• 3.4 Market outlook: Forecast for 2021-2026 
• Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
• Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
• Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
• Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

4 Five Forces Analysis

• 4.1 Five forces summary 
• Exhibit 17: Five forces analysis - Comparison between 2021 and 2026

• 4.2 Bargaining power of buyers 
• Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026

• 4.3 Bargaining power of suppliers 
• Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026

• 4.4 Threat of new entrants 
• Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026

• 4.5 Threat of substitutes 
• Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026

• 4.6 Threat of rivalry 
• Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026

• 4.7 Market condition 
• Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

5 Market Segmentation by Application

• 5.1 Market segments 
• Exhibit 24: Chart on Application - Market share 2021-2026 (%)
• Exhibit 25: Data Table on Application - Market share 2021-2026 (%)

• 5.2 Comparison by Application 
• Exhibit 26: Chart on Comparison by Application
• Exhibit 27: Data Table on Comparison by Application

• 5.3 Switchgear - Market size and forecast 2021-2026
• Exhibit 28: Chart on Switchgear - Market size and forecast 2021-2026 ($ million)
• Exhibit 29: Data Table on Switchgear - Market size and forecast 2021-2026 ($ million)
• Exhibit 30: Chart on Switchgear - Year-over-year growth 2021-2026 (%)
• Exhibit 31: Data Table on Switchgear - Year-over-year growth 2021-2026 (%)

• 5.4 Power transformers - Market size and forecast 2021-2026
• Exhibit 32: Chart on Power transformers - Market size and forecast 2021-2026 ($ million)
• Exhibit 33: Data Table on Power transformers - Market size and forecast 2021-2026 ($ million)
• Exhibit 34: Chart on Power transformers - Year-over-year growth 2021-2026 (%)
• Exhibit 35: Data Table on Power transformers - Year-over-year growth 2021-2026 (%)

• 5.5 Market opportunity by Application 
• Exhibit 36: Market opportunity by Application ($ million)

6 Customer Landscape

• 6.1 Customer landscape overview 
• Exhibit 37: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

7 Geographic Landscape

• 7.1 Geographic segmentation 
• Exhibit 38: Chart on Market share by geography 2021-2026 (%)
• Exhibit 39: Data Table on Market share by geography 2021-2026 (%)

• 7.2 Geographic comparison 
• Exhibit 40: Chart on Geographic comparison
• Exhibit 41: Data Table on Geographic comparison

• 7.3 APAC - Market size and forecast 2021-2026
• Exhibit 42: Chart on APAC - Market size and forecast 2021-2026 ($ million)
• Exhibit 43: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
• Exhibit 44: Chart on APAC - Year-over-year growth 2021-2026 (%)
• Exhibit 45: Data Table on APAC - Year-over-year growth 2021-2026 (%)

• 7.4 North America - Market size and forecast 2021-2026
• Exhibit 46: Chart on North America - Market size and forecast 2021-2026 ($ million)
• Exhibit 47: Data Table on North America - Market size and forecast 2021-2026 ($ million)
• Exhibit 48: Chart on North America - Year-over-year growth 2021-2026 (%)
• Exhibit 49: Data Table on North America - Year-over-year growth 2021-2026 (%)

• 7.5 Europe - Market size and forecast 2021-2026
• Exhibit 50: Chart on Europe - Market size and forecast 2021-2026 ($ million)
• Exhibit 51: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
• Exhibit 52: Chart on Europe - Year-over-year growth 2021-2026 (%)
• Exhibit 53: Data Table on Europe - Year-over-year growth 2021-2026 (%)

• 7.6 Middle East and Africa - Market size and forecast 2021-2026 
• Exhibit 54: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
• Exhibit 55: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
• Exhibit 56: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
• Exhibit 57: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)

• 7.7 South America - Market size and forecast 2021-2026
• Exhibit 58: Chart on South America - Market size and forecast 2021-2026 ($ million)
• Exhibit 59: Data Table on South America - Market size and forecast 2021-2026 ($ million)
• Exhibit 60: Chart on South America - Year-over-year growth 2021-2026 (%)
• Exhibit 61: Data Table on South America - Year-over-year growth 2021-2026 (%)

• 7.8 US - Market size and forecast 2021-2026
• Exhibit 62: Chart on US - Market size and forecast 2021-2026 ($ million)
• Exhibit 63: Data Table on US - Market size and forecast 2021-2026 ($ million)
• Exhibit 64: Chart on US - Year-over-year growth 2021-2026 (%)
• Exhibit 65: Data Table on US - Year-over-year growth 2021-2026 (%)

• 7.9 China - Market size and forecast 2021-2026
• Exhibit 66: Chart on China - Market size and forecast 2021-2026 ($ million)
• Exhibit 67: Data Table on China - Market size and forecast 2021-2026 ($ million)
• Exhibit 68: Chart on China - Year-over-year growth 2021-2026 (%)
• Exhibit 69: Data Table on China - Year-over-year growth 2021-2026 (%)

• 7.10 India - Market size and forecast 2021-2026
• Exhibit 70: Chart on India - Market size and forecast 2021-2026 ($ million)
• Exhibit 71: Data Table on India - Market size and forecast 2021-2026 ($ million)
• Exhibit 72: Chart on India - Year-over-year growth 2021-2026 (%)
• Exhibit 73: Data Table on India - Year-over-year growth 2021-2026 (%)

• 7.11 Germany - Market size and forecast 2021-2026
• Exhibit 74: Chart on Germany - Market size and forecast 2021-2026 ($ million)
• Exhibit 75: Data Table on Germany - Market size and forecast 2021-2026 ($ million)
• Exhibit 76: Chart on Germany - Year-over-year growth 2021-2026 (%)
• Exhibit 77: Data Table on Germany - Year-over-year growth 2021-2026 (%)

• 7.12 Canada - Market size and forecast 2021-2026
• Exhibit 78: Chart on Canada - Market size and forecast 2021-2026 ($ million)
• Exhibit 79: Data Table on Canada - Market size and forecast 2021-2026 ($ million)
• Exhibit 80: Chart on Canada - Year-over-year growth 2021-2026 (%)
• Exhibit 81: Data Table on Canada - Year-over-year growth 2021-2026 (%)

• 7.13 Market opportunity by geography 
• Exhibit 82: Market opportunity by geography ($ million)

8 Drivers, Challenges, and Trends

• 8.1 Market drivers

• 8.2 Market challenges

• 8.3 Impact of drivers and challenges 
• Exhibit 83: Impact of drivers and challenges in 2021 and 2026

• 8.4 Market trends

9 Vendor Landscape

• 9.1 Overview

• 9.2 Vendor landscape 
• Exhibit 84: Overview on Criticality of inputs and Factors of differentiation

• 9.3 Landscape disruption 
• Exhibit 85: Overview on factors of disruption

• 9.4 Industry risks 
• Exhibit 86: Impact of key risks on business

10 Vendor Analysis

• 10.1 Vendors covered 
• Exhibit 87: Vendors covered

• 10.2 Market positioning of vendors 
• Exhibit 88: Matrix on vendor position and classification

• 10.3 ABB Ltd. 
• Exhibit 89: ABB Ltd. - Overview
• Exhibit 90: ABB Ltd. - Business segments
• Exhibit 91: ABB Ltd. - Key offerings
• Exhibit 92: ABB Ltd. - Segment focus

• 10.4 CGS Instrument Transformers 
• Exhibit 93: CGS Instrument Transformers - Overview
• Exhibit 94: CGS Instrument Transformers - Product / Service
• Exhibit 95: CGS Instrument Transformers - Key offerings

• 10.5 General Electric Co 
• Exhibit 96: General Electric Co - Overview
• Exhibit 97: General Electric Co - Business segments
• Exhibit 98: General Electric Co - Key news
• Exhibit 99: General Electric Co - Key offerings
• Exhibit 100: General Electric Co - Segment focus

• 10.6 Hammond Manufacturing Co. Ltd. 
• Exhibit 101: Hammond Manufacturing Co. Ltd. - Overview
• Exhibit 102: Hammond Manufacturing Co. Ltd. - Business segments
• Exhibit 103: Hammond Manufacturing Co. Ltd. - Key offerings
• Exhibit 104: Hammond Manufacturing Co. Ltd. - Segment focus

• 10.7 Murugappa Group 
• Exhibit 105: Murugappa Group - Overview
• Exhibit 106: Murugappa Group - Business segments
• Exhibit 107: Murugappa Group - Key offerings
• Exhibit 108: Murugappa Group - Segment focus

• 10.8 Schneider Electric SE 
• Exhibit 109: Schneider Electric SE - Overview
• Exhibit 110: Schneider Electric SE - Business segments
• Exhibit 111: Schneider Electric SE - Key news
• Exhibit 112: Schneider Electric SE - Key offerings
• Exhibit 113: Schneider Electric SE - Segment focus

• 10.9 Siemens AG 
• Exhibit 114: Siemens AG - Overview
• Exhibit 115: Siemens AG - Business segments
• Exhibit 116: Siemens AG - Key news
• Exhibit 117: Siemens AG - Key offerings
• Exhibit 118: Siemens AG - Segment focus

• 10.10 SOCOMEC Group 
• Exhibit 119: SOCOMEC Group - Overview
• Exhibit 120: SOCOMEC Group - Product / Service
• Exhibit 121: SOCOMEC Group - Key offerings

• 10.11 Trench Ltd. 
• Exhibit 122: Trench Ltd. - Overview
• Exhibit 123: Trench Ltd. - Product / Service
• Exhibit 124: Trench Ltd. - Key offerings

• 10.12 VACUUMSCHMELZE GmbH and Co. KG 
• Exhibit 125: VACUUMSCHMELZE GmbH and Co. KG - Overview
• Exhibit 126: VACUUMSCHMELZE GmbH and Co. KG - Product / Service
• Exhibit 127: VACUUMSCHMELZE GmbH and Co. KG - Key offerings

11 Appendix

• 11.1 Scope of the report

• 11.2 Inclusions and exclusions checklist 
• Exhibit 128: Inclusions checklist
• Exhibit 129: Exclusions checklist

• 11.3 Currency conversion rates for US$ 
• Exhibit 130: Currency conversion rates for US$

• 11.4 Research methodology 
• Exhibit 131: Research methodology
• Exhibit 132: Validation techniques employed for market sizing
• Exhibit 133: Information sources

• 11.5 List of abbreviations 
• Exhibit 134: List of abbreviations

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