Dry Type Current Transformer Market By Type (Air Cooled Current Transformers, Resin Impregnated Current Transformers), By End-User Industry (Power Generation, Utilities, Industrial Applications, Renewable Energy), By Application (Power Distribution, Protection & Monitoring, Energy Measurement), By Voltage (Low Voltage, Medium Voltage, High Voltage); Global Insights & Forecast (2024 - 2030)

As per Intent Market Research, the Dry Type Current Transformer Market was valued at USD 2.5 Billion in 2024-e and will surpass USD 5.2 Billion by 2030; growing at a CAGR of 12.9% during 2025 - 2030.                                                                                                                    

The dry type current transformer market is witnessing steady growth driven by increasing demand for efficient and reliable current measurement solutions in power systems. Unlike conventional oil-immersed transformers, dry type current transformers do not require insulating oil, making them a safer and more environmentally friendly alternative. These transformers are extensively used in applications such as power distribution, protection, and energy measurement across various industries, including utilities, power generation, and industrial operations.

The market's expansion is fueled by the global shift toward renewable energy sources, modernization of aging electrical infrastructure, and rising investments in smart grid technologies. Dry type current transformers are preferred for their compact design, ease of installation, and minimal maintenance requirements, which make them suitable for both indoor and outdoor applications. Additionally, advancements in materials and technologies have improved their performance, accuracy, and durability, further supporting their adoption across diverse sectors.

Air Cooled Current Transformers Lead the Type Segment

In the dry type current transformer market, air-cooled current transformers (CTs) represent the largest subsegment. Their widespread adoption is primarily due to their cost-effectiveness, simplicity, and ability to operate in a wide range of environments. Air-cooled CTs require less maintenance and offer a compact design, making them suitable for applications where space and cost constraints are important. These transformers are particularly popular in utility sectors and industrial applications where large power transmission systems need efficient monitoring and protection without the complexities of cooling systems. The ease of installation and operation, coupled with their robustness, positions air-cooled CTs as the preferred choice for a variety of industries.

Power Generation Industry Is Largest End-User of Dry Type Current Transformers

The power generation industry stands as the largest end-user of dry type current transformers, given the critical role these transformers play in monitoring and protecting electrical systems in power plants. Dry type CTs are essential for ensuring the accurate measurement of current, which is vital for the protection and management of equipment such as generators, transformers, and circuit breakers. The growing need for sustainable energy sources and the expansion of power generation capacity worldwide, particularly in renewable energy and traditional power plants, have fueled the demand for these transformers. Their ability to operate safely in harsh environments without the risk of oil leakage further enhances their adoption in power generation applications, reinforcing their prominence in the market.

Power Distribution Application Drives Market Expansion

Among the various applications of dry type current transformers, power distribution stands out as the fastest-growing subsegment. Power distribution involves the transmission of electricity from power plants to end users, and reliable current measurement is critical for maintaining grid stability and ensuring the protection of equipment. Dry type CTs provide precise current monitoring and overload protection, preventing costly damage to the electrical infrastructure. As global energy consumption rises and power distribution networks are upgraded to handle more complex energy sources, including renewable energy, the demand for dry type CTs in power distribution is expected to increase significantly. Their reliability and safety features make them an ideal solution for this essential application.

Low Voltage Voltage Range Dominates the Market

In terms of voltage ratings, the low voltage subsegment holds the largest share in the dry type current transformer market. Low voltage CTs are used extensively in residential, commercial, and light industrial applications, where the measurement of electrical current at lower voltage levels is crucial. They play an essential role in ensuring safe and efficient power distribution in these environments. The growing number of residential and commercial buildings, along with the increasing demand for energy-efficient systems, is driving the need for low voltage current transformers. Additionally, their affordability and ease of installation make them a preferred choice for many users, further solidifying their dominance in the market.

Asia-Pacific Region Leads the Dry Type Current Transformer Market

The Asia-Pacific (APAC) region is the largest and fastest-growing market for dry type current transformers. Rapid industrialization, urbanization, and significant investments in power generation and distribution infrastructure are driving the demand for these transformers. Countries such as China, India, and Japan are leading the charge, with large-scale power projects, industrial developments, and growing renewable energy capacity further fueling the market. Additionally, the region’s increasing focus on smart grid technology and energy efficiency is expected to enhance the demand for dry type CTs, as these transformers are integral to advanced power management systems. The APAC region’s strong growth prospects make it a key area for market participants to target.

Competitive Landscape and Leading Companies

The dry type current transformer market is competitive, with several key players dominating the landscape. Leading companies in the market include Schneider Electric, Siemens, ABB, GE Grid Solutions, and Eaton Corporation, all of which offer a wide range of current transformer solutions tailored to different industry needs. These companies emphasize technological innovation, with many investing heavily in research and development to improve the performance and reliability of their products. Additionally, strategic partnerships, acquisitions, and geographical expansion are common strategies employed by these industry leaders to strengthen their market position. As the demand for reliable, efficient, and environmentally friendly power solutions increases, competition in the dry type current transformer market is expected to intensify.

List of Leading Companies:

• ABB Ltd.
• Schneider Electric
• Siemens AG
• General Electric
• Honeywell International Inc.
• Emerson Electric Co.
• Mitsubishi Electric Corporation
• Eaton Corporation
• Crompton Greaves Consumer Electricals Ltd.
• CG Power and Industrial Solutions Ltd.
• Hitachi ABB Power Grids
• L&T Electrical & Automation
• ZIV Automation
• SGB-SMIT Group
• Trench Group

Recent Developments:

• Siemens AG launched a new range of dry type current transformers for renewable energy projects, aimed at improving energy efficiency in December 2024.
• ABB Ltd. introduced air-cooled dry type current transformers designed for industrial applications to ensure precise energy measurement in November 2024.
• Schneider Electric unveiled a new resin-impregnated dry type current transformer for high-voltage power systems in October 2024.
• Mitsubishi Electric Corporation announced the deployment of its latest dry type current transformers in smart grid projects across Europe in September 2024.
• Eaton Corporation expanded its portfolio with a line of dry type current transformers for power distribution networks in August 2024.

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