Product Code: IRTNTR74472
The current transformer market is forecasted to grow by USD 422.01 mn during 2022-2027, accelerating at a CAGR of 8% during the forecast period. The report on the current transformer market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by the enhanced accuracy of current transformers at extremely low current levels, increased demand for electricity from emerging economies, and modernization of existing transformers.
Technavio's current transformer market is segmented as below:
By Type
By Application
- Switchgear
- Power transformers
By Geographical Landscape
- APAC
- North America
- Europe
- Middle East and Africa
- South America
This study identifies the use of auxiliary current transformers as one of the prime reasons driving the current transformer market growth during the next few years. Also, the use of advanced technologies and processes in transformer manufacturing and the introduction of IoT features in transformers will lead to sizable demand in the market.
The report on the current transformer market covers the following areas:
- Current transformer market sizing
- Current transformer market forecast
- Current transformer market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading current transformer market vendors that include ABB Ltd., CGS Instrument Transformers, Dalian Huayi Electric Power Electric Appliances Co. Ltd., Eaton Corp. Plc, Fanox Electronic SL, FRER Srl Vle, General Electric Co., Hammond Manufacturing Co. Ltd., Hyosung Corp., IMA Spa, Littelfuse Inc., Megacon Group, Murugappa Group, PREMO SL, Schneider Electric SE, Siemens AG, SOCOMEC Group, Trench Ltd., VACUUMSCHMELZE GmbH and Co. KG, and Sumitomo Electric Industries Ltd. Also, the current transformer market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.
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 Geographical Landscape
- Exhibit 05: Executive Summary - Chart on Market Segmentation by Type
- Exhibit 06: Executive Summary - Chart on Market Segmentation by Application
- Exhibit 07: Executive Summary - Chart on Incremental Growth
- Exhibit 08: Executive Summary - Data Table on Incremental Growth
- Exhibit 09: Executive Summary - Chart on Vendor Market Positioning
2 Market Landscape
- 2.1 Market ecosystem
- Exhibit 10: Parent market
- Exhibit 11: Market Characteristics
3 Market Sizing
- 3.1 Market definition
- Exhibit 12: Offerings of vendors included in the market definition
- 3.2 Market segment analysis
- Exhibit 13: Market segments
- 3.3 Market size 2022
- 3.4 Market outlook: Forecast for 2022-2027
- Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
- Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
- Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
- Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)
4 Historic Market Size
- 4.1 Global current transformer market 2017 - 2021
- Exhibit 18: Historic Market Size - Data Table on global current transformer market 2017 - 2021 ($ million)
- 4.2 Type Segment Analysis 2017 - 2021
- Exhibit 19: Historic Market Size - Type Segment 2017 - 2021 ($ million)
- 4.3 Application Segment Analysis 2017 - 2021
- Exhibit 20: Historic Market Size - Application Segment 2017 - 2021 ($ million)
- 4.4 Geography Segment Analysis 2017 - 2021
- Exhibit 21: Historic Market Size - Geography Segment 2017 - 2021 ($ million)
- 4.5 Country Segment Analysis 2017 - 2021
- Exhibit 22: Historic Market Size - Country Segment 2017 - 2021 ($ million)
5 Five Forces Analysis
- 5.1 Five forces summary
- Exhibit 23: Five forces analysis - Comparison between 2022 and 2027
- 5.2 Bargaining power of buyers
- Exhibit 24: Chart on Bargaining power of buyers - Impact of key factors 2022 and 2027
- 5.3 Bargaining power of suppliers
- Exhibit 25: Bargaining power of suppliers - Impact of key factors in 2022 and 2027
- 5.4 Threat of new entrants
- Exhibit 26: Threat of new entrants - Impact of key factors in 2022 and 2027
- 5.5 Threat of substitutes
- Exhibit 27: Threat of substitutes - Impact of key factors in 2022 and 2027
- 5.6 Threat of rivalry
- Exhibit 28: Threat of rivalry - Impact of key factors in 2022 and 2027
- 5.7 Market condition
- Exhibit 29: Chart on Market condition - Five forces 2022 and 2027
6 Market Segmentation by Type
- 6.1 Market segments
- Exhibit 30: Chart on Type - Market share 2022-2027 (%)
- Exhibit 31: Data Table on Type - Market share 2022-2027 (%)
- 6.2 Comparison by Type
- Exhibit 32: Chart on Comparison by Type
- Exhibit 33: Data Table on Comparison by Type
- 6.3 Oil immersed - Market size and forecast 2022-2027
- Exhibit 34: Chart on Oil immersed - Market size and forecast 2022-2027 ($ million)
- Exhibit 35: Data Table on Oil immersed - Market size and forecast 2022-2027 ($ million)
- Exhibit 36: Chart on Oil immersed - Year-over-year growth 2022-2027 (%)
- Exhibit 37: Data Table on Oil immersed - Year-over-year growth 2022-2027 (%)
- 6.4 Dry type - Market size and forecast 2022-2027
- Exhibit 38: Chart on Dry type - Market size and forecast 2022-2027 ($ million)
- Exhibit 39: Data Table on Dry type - Market size and forecast 2022-2027 ($ million)
- Exhibit 40: Chart on Dry type - Year-over-year growth 2022-2027 (%)
- Exhibit 41: Data Table on Dry type - Year-over-year growth 2022-2027 (%)
- 6.5 Market opportunity by Type
- Exhibit 42: Market opportunity by Type ($ million)
- Exhibit 43: Data Table on Market opportunity by Type ($ million)
7 Market Segmentation by Application
- 7.1 Market segments
- Exhibit 44: Chart on Application - Market share 2022-2027 (%)
- Exhibit 45: Data Table on Application - Market share 2022-2027 (%)
- 7.2 Comparison by Application
- Exhibit 46: Chart on Comparison by Application
- Exhibit 47: Data Table on Comparison by Application
- 7.3 Switchgear - Market size and forecast 2022-2027
- Exhibit 48: Chart on Switchgear - Market size and forecast 2022-2027 ($ million)
- Exhibit 49: Data Table on Switchgear - Market size and forecast 2022-2027 ($ million)
- Exhibit 50: Chart on Switchgear - Year-over-year growth 2022-2027 (%)
- Exhibit 51: Data Table on Switchgear - Year-over-year growth 2022-2027 (%)
- 7.4 Power transformers - Market size and forecast 2022-2027
- Exhibit 52: Chart on Power transformers - Market size and forecast 2022-2027 ($ million)
- Exhibit 53: Data Table on Power transformers - Market size and forecast 2022-2027 ($ million)
- Exhibit 54: Chart on Power transformers - Year-over-year growth 2022-2027 (%)
- Exhibit 55: Data Table on Power transformers - Year-over-year growth 2022-2027 (%)
- 7.5 Market opportunity by Application
- Exhibit 56: Market opportunity by Application ($ million)
- Exhibit 57: Data Table on Market opportunity by Application ($ million)
8 Customer Landscape
- 8.1 Customer landscape overview
- Exhibit 58: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
9 Geographic Landscape
- 9.1 Geographic segmentation
- Exhibit 59: Chart on Market share By Geographical Landscape 2022-2027 (%)
- Exhibit 60: Data Table on Market share By Geographical Landscape 2022-2027 (%)
- 9.2 Geographic comparison
- Exhibit 61: Chart on Geographic comparison
- Exhibit 62: Data Table on Geographic comparison
- 9.3 APAC - Market size and forecast 2022-2027
- Exhibit 63: Chart on APAC - Market size and forecast 2022-2027 ($ million)
- Exhibit 64: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
- Exhibit 65: Chart on APAC - Year-over-year growth 2022-2027 (%)
- Exhibit 66: Data Table on APAC - Year-over-year growth 2022-2027 (%)
- 9.4 North America - Market size and forecast 2022-2027
- Exhibit 67: Chart on North America - Market size and forecast 2022-2027 ($ million)
- Exhibit 68: Data Table on North America - Market size and forecast 2022-2027 ($ million)
- Exhibit 69: Chart on North America - Year-over-year growth 2022-2027 (%)
- Exhibit 70: Data Table on North America - Year-over-year growth 2022-2027 (%)
- 9.5 Europe - Market size and forecast 2022-2027
- Exhibit 71: Chart on Europe - Market size and forecast 2022-2027 ($ million)
- Exhibit 72: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
- Exhibit 73: Chart on Europe - Year-over-year growth 2022-2027 (%)
- Exhibit 74: Data Table on Europe - Year-over-year growth 2022-2027 (%)
- 9.6 Middle East and Africa - Market size and forecast 2022-2027
- Exhibit 75: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
- Exhibit 76: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
- Exhibit 77: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
- Exhibit 78: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)
- 9.7 South America - Market size and forecast 2022-2027
- Exhibit 79: Chart on South America - Market size and forecast 2022-2027 ($ million)
- Exhibit 80: Data Table on South America - Market size and forecast 2022-2027 ($ million)
- Exhibit 81: Chart on South America - Year-over-year growth 2022-2027 (%)
- Exhibit 82: Data Table on South America - Year-over-year growth 2022-2027 (%)
- 9.8 US - Market size and forecast 2022-2027
- Exhibit 83: Chart on US - Market size and forecast 2022-2027 ($ million)
- Exhibit 84: Data Table on US - Market size and forecast 2022-2027 ($ million)
- Exhibit 85: Chart on US - Year-over-year growth 2022-2027 (%)
- Exhibit 86: Data Table on US - Year-over-year growth 2022-2027 (%)
- 9.9 China - Market size and forecast 2022-2027
- Exhibit 87: Chart on China - Market size and forecast 2022-2027 ($ million)
- Exhibit 88: Data Table on China - Market size and forecast 2022-2027 ($ million)
- Exhibit 89: Chart on China - Year-over-year growth 2022-2027 (%)
- Exhibit 90: Data Table on China - Year-over-year growth 2022-2027 (%)
- 9.10 India - Market size and forecast 2022-2027
- Exhibit 91: Chart on India - Market size and forecast 2022-2027 ($ million)
- Exhibit 92: Data Table on India - Market size and forecast 2022-2027 ($ million)
- Exhibit 93: Chart on India - Year-over-year growth 2022-2027 (%)
- Exhibit 94: Data Table on India - Year-over-year growth 2022-2027 (%)
- 9.11 Germany - Market size and forecast 2022-2027
- Exhibit 95: Chart on Germany - Market size and forecast 2022-2027 ($ million)
- Exhibit 96: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
- Exhibit 97: Chart on Germany - Year-over-year growth 2022-2027 (%)
- Exhibit 98: Data Table on Germany - Year-over-year growth 2022-2027 (%)
- 9.12 Canada - Market size and forecast 2022-2027
- Exhibit 99: Chart on Canada - Market size and forecast 2022-2027 ($ million)
- Exhibit 100: Data Table on Canada - Market size and forecast 2022-2027 ($ million)
- Exhibit 101: Chart on Canada - Year-over-year growth 2022-2027 (%)
- Exhibit 102: Data Table on Canada - Year-over-year growth 2022-2027 (%)
- 9.13 Market opportunity By Geographical Landscape
- Exhibit 103: Market opportunity By Geographical Landscape ($ million)
- Exhibit 104: Data Tables on Market opportunity By Geographical Landscape ($ million)
10 Drivers, Challenges, and Trends
- 10.1 Market drivers
- 10.2 Market challenges
- 10.3 Impact of drivers and challenges
- Exhibit 105: Impact of drivers and challenges in 2022 and 2027
- 10.4 Market trends
11 Vendor Landscape
- 11.1 Overview
- 11.2 Vendor landscape
- Exhibit 106: Overview on Criticality of inputs and Factors of differentiation
- 11.3 Landscape disruption
- Exhibit 107: Overview on factors of disruption
- 11.4 Industry risks
- Exhibit 108: Impact of key risks on business
12 Vendor Analysis
- 12.1 Vendors covered
- Exhibit 109: Vendors covered
- 12.2 Market positioning of vendors
- Exhibit 110: Matrix on vendor position and classification
- 12.3 ABB Ltd.
- Exhibit 111: ABB Ltd. - Overview
- Exhibit 112: ABB Ltd. - Business segments
- Exhibit 113: ABB Ltd. - Key offerings
- Exhibit 114: ABB Ltd. - Segment focus
- 12.4 CGS Instrument Transformers
- Exhibit 115: CGS Instrument Transformers - Overview
- Exhibit 116: CGS Instrument Transformers - Product / Service
- Exhibit 117: CGS Instrument Transformers - Key offerings
- 12.5 Dalian Huayi Electric Power Electric Appliances Co. Ltd.
- Exhibit 118: Dalian Huayi Electric Power Electric Appliances Co. Ltd. - Overview
- Exhibit 119: Dalian Huayi Electric Power Electric Appliances Co. Ltd. - Product / Service
- Exhibit 120: Dalian Huayi Electric Power Electric Appliances Co. Ltd. - Key offerings
- 12.6 Eaton Corp. Plc
- Exhibit 121: Eaton Corp. Plc - Overview
- Exhibit 122: Eaton Corp. Plc - Business segments
- Exhibit 123: Eaton Corp. Plc - Key news
- Exhibit 124: Eaton Corp. Plc - Key offerings
- Exhibit 125: Eaton Corp. Plc - Segment focus
- 12.7 Fanox Electronic SL
- Exhibit 126: Fanox Electronic SL - Overview
- Exhibit 127: Fanox Electronic SL - Product / Service
- Exhibit 128: Fanox Electronic SL - Key offerings
- 12.8 General Electric Co.
- Exhibit 129: General Electric Co. - Overview
- Exhibit 130: General Electric Co. - Business segments
- Exhibit 131: General Electric Co. - Key news
- Exhibit 132: General Electric Co. - Key offerings
- Exhibit 133: General Electric Co. - Segment focus
- 12.9 Hammond Manufacturing Co. Ltd.
- Exhibit 134: Hammond Manufacturing Co. Ltd. - Overview
- Exhibit 135: Hammond Manufacturing Co. Ltd. - Business segments
- Exhibit 136: Hammond Manufacturing Co. Ltd. - Key offerings
- Exhibit 137: Hammond Manufacturing Co. Ltd. - Segment focus
- 12.10 Hyosung Corp.
- Exhibit 138: Hyosung Corp. - Overview
- Exhibit 139: Hyosung Corp. - Product / Service
- Exhibit 140: Hyosung Corp. - Key news
- Exhibit 141: Hyosung Corp. - Key offerings
- 12.11 Murugappa Group
- Exhibit 142: Murugappa Group - Overview
- Exhibit 143: Murugappa Group - Business segments
- Exhibit 144: Murugappa Group - Key offerings
- Exhibit 145: Murugappa Group - Segment focus
- 12.12 Schneider Electric SE
- Exhibit 146: Schneider Electric SE - Overview
- Exhibit 147: Schneider Electric SE - Business segments
- Exhibit 148: Schneider Electric SE - Key news
- Exhibit 149: Schneider Electric SE - Key offerings
- Exhibit 150: Schneider Electric SE - Segment focus
- 12.13 Siemens AG
- Exhibit 151: Siemens AG - Overview
- Exhibit 152: Siemens AG - Business segments
- Exhibit 153: Siemens AG - Key news
- Exhibit 154: Siemens AG - Key offerings
- Exhibit 155: Siemens AG - Segment focus
- 12.14 SOCOMEC Group
- Exhibit 156: SOCOMEC Group - Overview
- Exhibit 157: SOCOMEC Group - Product / Service
- Exhibit 158: SOCOMEC Group - Key offerings
- 12.15 Sumitomo Electric Industries Ltd.
- Exhibit 159: Sumitomo Electric Industries Ltd. - Overview
- Exhibit 160: Sumitomo Electric Industries Ltd. - Business segments
- Exhibit 161: Sumitomo Electric Industries Ltd. - Key offerings
- Exhibit 162: Sumitomo Electric Industries Ltd. - Segment focus
- 12.16 Trench Ltd.
- Exhibit 163: Trench Ltd. - Overview
- Exhibit 164: Trench Ltd. - Product / Service
- Exhibit 165: Trench Ltd. - Key offerings
- 12.17 VACUUMSCHMELZE GmbH and Co. KG
- Exhibit 166: VACUUMSCHMELZE GmbH and Co. KG - Overview
- Exhibit 167: VACUUMSCHMELZE GmbH and Co. KG - Product / Service
- Exhibit 168: VACUUMSCHMELZE GmbH and Co. KG - Key offerings
13 Appendix
- 13.1 Scope of the report
- 13.2 Inclusions and exclusions checklist
- Exhibit 169: Inclusions checklist
- Exhibit 170: Exclusions checklist
- 13.3 Currency conversion rates for US$
- Exhibit 171: Currency conversion rates for US$
- 13.4 Research methodology
- Exhibit 172: Research methodology
- Exhibit 173: Validation techniques employed for market sizing
- Exhibit 174: Information sources
- 13.5 List of abbreviations
- Exhibit 175: List of abbreviations