Lucintel Forecasts the Global Electronic Current Transformer Market to Grow with a CAGR of 6.1% from 2025 to 2031
Lucintel Forecasts the Global Electronic Current Transformer Market to Grow with a CAGR of 6.1% from 2025 to 2031
Blog Article
According to a market report by Lucintel, the future of the global electronic current transformer market looks promising with opportunities in the distribution station and electrical equipment markets. The global electronic current transformer market is expected to grow with a CAGR of 6.1% from 2025 to 2031. The major drivers for this market are increase in smart grid deployments, rising demand for renewable energy, and growing focus on energy efficiency.
A more than 150-page report to understand trends, opportunity and forecast in global electronic current transformer market to 2031 by type (optical current transformer, air core coil current transformer, and iron core coil type low power current transformer), application (distribution station, electrical equipment, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World).
Lucintel forecasts that, within the type category, iron core coil type low power current transformer is expected to witness the highest growth over the forecast period due to its cost-effectiveness in low power applications.
Within the application category, distribution station is expected to witness higher growth.
In terms of region, APAC is expected to witness the highest growth over the forecast period due to rising demand for advanced electrical measurement tools.
TE Connectivity, Schneider Electric, Littelfuse, Arteche Group, Acme Electric Corporation, Socomec, Premo, Fanox Electronic, FRER, ZIEHL Industrie-elektronik are the major suppliers in the electronic current transformer market.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at helpdesk@lucintel.com. To get access of more than 1000 reports at fraction of cost visit Lucintel's Analytics Dashboard.
About Lucintel
At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. +1-972-636-5056