Lucintel Forecasts the Global Bar Type Current Transformer Market is expected to grow with a CAGR of 7.3% from 2024 to 2030
Lucintel Forecasts the Global Bar Type Current Transformer Market is expected to grow with a CAGR of 7.3% from 2024 to 2030
Blog Article
According to a market report by Lucintel, the future of the global bar type current transformer market looks promising with opportunities in the power distribution and manufacturing markets. The global bar type current transformer market is expected to grow with a CAGR of 7.3% from 2024 to 2030. The major drivers for this market are increasing demand for reliable and efficient power transmission and distribution, integration of renewable energy sources, along with the growing emphasis on grid monitoring and smart grid technologies.
A more than 150 – page report is developed to understand Trends, opportunity and forecast in bar type current transformer market to 2030 by cooling (dry type and oil immersed), voltage rating (33 KV, > 33 KV to = 66 KV, and > 66 KV), application (power distribution and manufacturing), and region (North America, Europe, Asia Pacific, and the Rest of the World).
In this market, dry type and oil immersed are the major segments of bar type current transformer market by cooling. Lucintel forecasts that dry-type is expected to witness the higher growth over the forecast period due to low maintenance needs, elevated insulation levels, and resilience to environmental factors.
Within this market, power distribution will remain the larger segment due to increasing global need for dependable and robust power distribution infrastructure.
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North America is expected to witness highest growth over the forecast period due to increasing focus on modernizing power infrastructure, upgrading grid resilience, and enhancing energy efficiency in the region.
Schneider Electric, ABB, Siemens, GE Grid Solutions, Eaton, Mitsubishi Electric, Hitachi Energy, Circutor, Polycast, and Instrument Transformers are the major suppliers in the bar type 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 [email protected]
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: [email protected]
Tel. +1 972.636.5056
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