Global Instrument Transformer Market Size & Outlook
The instrument transformer industry worldwide is expected to reach a projected revenue of US$ 10,939.0 million by 2030. A compound annual growth rate of 5.9% is expected of the worldwide instrument transformer industry from 2024 to 2030.
Revenue, 2023 (US$M)
$7,310.7
Forecast, 2030 (US$M)
$10,939.0
CAGR, 2024 - 2030
5.9%
Report Coverage
Worldwide
Global instrument transformer market, 2018-2030 (US$M)
Global instrument transformer market highlights
- The global instrument transformer market generated a revenue of USD 7,310.7 million in 2023 and is expected to reach USD 10,939.0 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 5.9% by 2030.
- In terms of segment, current accounted for a revenue of USD 7,310.7 million in 2023.
- Current is the most lucrative type segment registering the fastest growth during the forecast period.
- In terms of region, Asia Pacific was the largest revenue generating market in 2023.
Global data book summary
| Market revenue in 2023 | USD 7,310.7 million |
| Market revenue in 2030 | USD 10,939.0 million |
| Growth rate | 5.9% (CAGR from 2023 to 2030) |
| Largest segment | Current |
| Fastest growing segment | Current |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Current |
Other key industry trends
- In terms of revenue, the North America accounted for 18.7% of the global instrument transformer market in 2023.
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Instrument Transformer Market Scope
Instrument transformer market segmentation & scope
Dielectric Medium
Liquid
SF6 Gas
Solid
Enclosure
Indoor
Outdoor
Voltage
Distribution Voltage
Sub-transmission Voltage
High Voltage Transmission
Extra High Voltage Transmission
Ultra-high Voltage Transmission
Application
Transformer & Circuit Breaker Bushing
Switchgear Assemblies
Relaying, Metering & Protection
Primary Metering Units
End Use
Power Utilities
Power Generation
Railway & Metros
Industries & OEM
Countries
U.S.
Canada
Mexico
Germany
UK
France
Italy
Spain
Denmark
Sweden
Norway
China
Japan
India
South Korea
Australia
Thailand
Brazil
Argentina
South Africa
Saudi Arabia
UAE
Kuwait
Instrument Transformer Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global instrument transformer market size, by regions, 2018-2030 (US$M)
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Related regional statistics
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