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Global Current Transformer Market 2017-2021

Global Current Transformer Market 2017-2021

About Current Transformers

Current transformers find applications in alternating current (AC) systems where they are used to measure current. To protect the electrical system, current transformers are often used with protective relays incorporated into the network. The operating current levels of any electrical system are high and it becomes difficult to measure the current due to the lack of availability of any equipment capable of measuring such high values of current. The devices that are available for measurement purpose are capable of measuring current at 5A level. The basic function of a current transformer is to step down the current of any AC system to a value that can be measured using available devices. This has increased the popularity of current transformers within the power generation sector.

Technavio’s analysts forecast the global current transformers market to grow at a CAGR of 7.81% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global current transformers market for 2017-2021. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Current Transformers Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • ABB
  • CG
  • General Electric
  • Instrument Transformers
  • Schneider Electric
Other prominent vendors
  • Amran
  • ARTECHE
  • CHINA XD GROUP
  • Continental Control Systems
  • CGS Instrument Transformers
  • Huayi Electric Apparatus Group
  • Hammond Manufacturing
  • ITEC
  • KONČAR - ELECTRICAL INDUSTRY
  • Jiangsu Sieyuan Hertz Instrument Transformer
  • Meramec Instrument Trasnsformer
  • Nissin Electric
  • PFIFFNER Instrument Transformers
  • RITZ
  • TBEA
  • TRENCH Group (Siemens)
  • Yokogawa Meters & Instruments
  • Zelisko (Knorr-Bremse Group)
Market driver
  • Enhanced accuracy of current transformers at extremely low current levels.
  • For a full, detailed list, view our report
Market challenge
  • High cost of upgrading distribution networks and weak financial health of distribution sector.
  • For a full, detailed list, view our report
Market trend
  • Auxiliary current transformers.
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Companies Mentioned

ABB, CG, General Electric, Instrument Transformers, Schneider Electric, Amran, ARTECHE, CHINA XD, Continental Control Systems, CGS Instrument Transformers, Huayi Electric Apparatus, Hammond Manufacturing, ITEC, KONČAR - ELECTRICAL INDUSTRY, Jiangsu Sieyuan Hertz Instrument Transformer, Meramec Instrument Trasnsformer, Nissin Electric, PFIFFNER Instrument Transformers, RITZ, TBEA, TRENCH, Yokogawa Meters & Instruments, and Zelisko.

  • Executive summary
  • Scope of the report
  • Research Methodology
  • Introduction
    • Key market highlights
      • Table Benefits offered by current transformers
      • Table Differences between CT and PT
  • Market landscape
    • Market size and forecast
      • Table Global current transformer market 2016-2021 ($ millions)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by application
    • Table Global current transformer market: Segmentation by application 2016 and 2021 (%)
    • Switchgear
      • Table Global current transformer market in switchgear application 2016-2021 ($ millions)
    • Power transformers
      • Table Global current transformer market in power transformer application 2016-2021 ($ millions)
      • Table Global power transformer market in unit shipments 2015-2020 (units)
  • Geographical segmentation
    • Table Global current transformer market: Segmentation by geography 2016 and 2021 (%)
    • Current transformer market in Americas
      • Table Current transformer market in Americas 2016-2021 ($ millions)
      • Table T&D line length addition and refurbishment in Americas 2014-2035 (thousand miles)
    • Current transformer market in EMEA
      • Table T&D line length addition and refurbishment in EMEA 2014-2035 (thousand miles)
      • Table Current transformer market in EMEA 2016-2021 ($ millions)
    • Current transformer market in APAC
      • Table T&D line length addition and refurbishment in APAC 2014-2035 (thousand miles)
      • Table Current transformer market in APAC 2016-2021 ($ millions)
  • Market drivers
    • Table Global current transformer market: Drivers
    • Enhanced accuracy of current transformers at extremely low current levels
    • Increased demand for electricity from emerging countries
    • Modernization of existing transformers
      • Table Power generation capacity addition in India 2013-2015 (GW)
  • Impact of drivers
    • Table Impact of drivers
  • Market challenges
    • Table Global current transformer market: Challenges
    • High dependency on electrical equipment imports by India
    • High cost of upgrading distribution networks and weak financial health of distribution sector
      • Table Minimum cost of construction of distribution network per mile in the US 2016 ($)
      • Table Maximum cost of construction of distribution network per mile in US 2016 ($)
    • Current sensors as an alternative to traditional current transformers
      • Table Advantages of current sensors
  • Impact of drivers and challenges
    • Table Impact of drivers and challenges
  • Market trends
    • Auxiliary current transformers
      • Table Auxiliary current transformers
    • Innovative technologies
  • Vendor landscape
    • Competitive landscape
      • Table Key vendors
      • Table Geographic presence of key vendors
    • Other prominent vendors
  • Key vendor analysis
    • ABB
    • CG
    • General Electric
      • Table Outdoor utility type instrument transformers
      • Table Indoor type current transformer
    • Instrument Transformers (ITL)
    • Schneider Electric
      • Table Non-conventional instrument transformers
  • Appendix
    • List of abbreviations
  • Explore Technavio

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