Current Transformer Market Size, Trends, and Growth
The Global Current Transformer Market is gaining strong momentum as the demand for reliable power transmission, accurate energy measurement, and smart grid technologies continues to rise worldwide. Valued at USD 2.8 billion in 2025, the market is expected to reach USD 5.2 billion by 2034, growing at a CAGR of 7.1%. Current transformers play a crucial role in electrical networks by converting high current levels into lower, measurable currents, ensuring safety, precision, and efficiency in power monitoring and distribution. One of the key factors fueling this growth is the rapid pace of industrialization and urbanization across both developed and emerging economies. Power utilities and industries are heavily investing in advanced energy monitoring systems to ensure stability and operational efficiency. The adoption of renewable energy sources, such as solar and wind, has also increased the demand for current transformers, as they are essential for handling fluctuating voltage and ...