How big is the Instrument Transformer Market?

The Instrument Transformer Market size is expected to reach USD 4.95 billion in 2024 and grow at a CAGR of 5.13% to reach USD 6.36 billion by 2029. Read More

What is the current Instrument Transformer Market size?

In 2024, the Instrument Transformer Market size is expected to reach USD 4.95 billion. Read More

Who are the key players in Instrument Transformer Market?

General Electric Company, Schneider Electric SE, Arteche Group, Siemens Energy AG and ABB Ltd. are the major companies operating in the Instrument Transformer Market. Read More

Which is the fastest growing region in Instrument Transformer Market?

Asia-Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Instrument Transformer Market?

In 2024, the Asia-Pacific accounts for the largest market share in Instrument Transformer Market. Read More

What years does this Instrument Transformer Market cover, and what was the market size in 2023?

In 2023, the Instrument Transformer Market size was estimated at USD 4.70 billion. The report covers the Instrument Transformer Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Instrument Transformer Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Instrument Transformer Market Size & Share Analysis - Industry Research Report

Instrument Transformer Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Instrument Transformer Market Report is Segmented by Type (Current Transformer, Potential Transformer, and Combined Transformer), End User (Power Utilities, Industrial Sector, and Other End Users), and Geography (North America, Europe, Asia-Pacific, South America, Middle East and Africa). The Report Offers Market Size and Demand Forecasts for the Instrument Transformer Market in Revenue (USD) for all the Above Segments.

Instrument Transformer Industry Overview

The instrument transformer market is semi-consolidated. Some of the key players in the market (in no particular order) include ABB Ltd, Siemens Energy AG, General Electric Company, Schneider Electric SE, and Arteche Group, among others.

In November 2023, Siemens announced an investment of USD 150 million in a new high-tech manufacturing plant in Dallas-Fort Worth to support power American data centers and critical infrastructure. This plant is going to deliver state-of-the-art, efficient, and reliable electrical equipment. It is going to facilitate accelerated growth of United States data centers, which is being driven by the exponential adoption of generative AI. It will also ensure the secure operation of critical infrastructure. This investment explicitly helps long-term customers in the data center sector, where demand is expected to grow by about 10% annually through 2030.