Global Voltage and Current Transformers Market Insights, Forecast to 2028

Instrument transformers are high accuracy class electrical devices used to isolate or transform voltage or current levels. The most common usage of instrument transformers is to operate instruments or metering from high voltage or high current circuits, safely isolating secondary control circuitry from the high voltages or currents. The primary winding of the transformer is connected to the high voltage or high current circuit, and the meter or relay is connected to the secondary circuit.
Market Analysis and Insights: Global Voltage and Current Transformers Market
Due to the COVID-19 pandemic, the global Voltage and Current Transformers market size is estimated to be worth US$ million in 2022 and is forecast to a readjusted size of US$ million by 2028 with a CAGR of % during the review period. Fully considering the economic change by this health crisis, Current Transformer accounting for % of the Voltage and Current Transformers global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR in the post-COVID-19 period. While Electrical Power and Distribution segment is altered to an % CAGR throughout this forecast period.
China Voltage and Current Transformers market size is valued at US$ million in 2021, while the US and Europe Voltage and Current Transformers are US$ million and US$ million, severally. The proportion of the US is % in 2021, while China and Europe are % and % respectively, and it is predicted that China proportion will reach % in 2028, trailing a CAGR of % through the analysis period. Japan, South Korea, and Southeast Asia are noteworthy markets in Asia, with CAGR %, %, and % respectively for the next 6-year period. As for the Europe Voltage and Current Transformers landscape, Germany is projected to reach US$ million by 2028 trailing a CAGR of % over the forecast period.
The global key manufacturers of Voltage and Current Transformers include ABB, Arteche, China XD Group, Dalian Beifang, DYH, Emek, GE, Hengyang Nanfang and Indian Transformers, etc. In 2021, the global top five players have a share approximately % in terms of revenue.
In terms of production side, this report researches the Voltage and Current Transformers capacity, production, growth rate, market share by manufacturers and by region (region level and country level), from 2017 to 2022, and forecast to 2028.
In terms of sales side, this report focuses on the sales of Voltage and Current Transformers by region (region level and country level), by company, by Type and by Application. from 2017 to 2022 and forecast to 2028.
Global Voltage and Current Transformers Scope and Segment
Voltage and Current Transformers market is segmented by Type and by Application. Players, stakeholders, and other participants in the global Voltage and Current Transformers market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on production capacity, revenue and forecast by Type and by Application for the period 2017-2028.
Segment by Type
Current Transformer
Voltage Transformer
Segment by Application
Electrical Power and Distribution
Metallurgy & Petrochemical
Construction
Others
By Company
ABB
Arteche
China XD Group
Dalian Beifang
DYH
Emek
GE
Hengyang Nanfang
Indian Transformers
Jiangsu Sieyuan
Koncar
Pfiffner
Shenyang Instrument Transformer
Siemens
Zhejiang Horizon
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
U.A.E