Global Instrument Transformer Market Size & Outlook
The global instrument transformer market size was estimated at USD 7,310.7 million in 2023 and is projected to reach USD 10,939.0 million by 2030, growing at a CAGR of 5.9% 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 Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Amran | View profile | 1-10 | New York, New York, United States, North America | http://www.amraninc.com/ |
| CG Power Solutions | View profile | 101-250 | Latham, New York, United States, North America | https://www.cgglobal.com/ |
| Arteche | View profile | 1001-5000 | Muggia, Friuli-Venezia Giulia, Italy, Europe | https://www.arteche.com/ |
| Nissin Electric | View profile | 5001-10000 | Kyoto, Kyoto, Japan, Asia | http://nissin.jp/ |
| RITZ Instrument Transformers | View profile | 501-1000 | Hamburg, Hamburg, Germany, Europe | http://www.ritz-international.com/ |
| General Electric | View profile | 10001+ | Boston, Massachusetts, United States, North America | http://www.ge.com |
| ABB Ltd | View profile | 108700 | Affolternstrasse 44, Zurich, Switzerland, 8050 | https://www.abb.com |
| Schneider Electric SE | View profile | 162339 | 35, rue Joseph Monier - CS 30323, Rueil Malmaison, France, F-92506 | https://www.se.com |
| Mitsubishi Electric Corp | View profile | 149134 | Tokyo Building, 2-7-3, Marunouchi, Chiyoda-ku, Tokyo, Japan, 100-8310 | https://www.mitsubishielectric.com |
Global instrument transformer market size, by regions, 2018-2030 (US$M)
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