Casting Current Transformer Market size is estimated to be USD 1.5 Billion in 2024 and is expected to reach USD 2.5 Billion by 2033 at a CAGR of 6.5% from 2026 to 2033.
In 2022, the global casting current transformer market was valued at approximately USD 937.9 million, with a projected compound annual growth rate (CAGR) of 6.6% from 2025 to 2034. The Asia Pacific region led the market, driven by rapid industrialization and significant investments in power infrastructure, particularly in China and India. Chinas market is anticipated to surpass USD 620.7 million by 2034, reflecting its commitment to power grid modernization and renewable energy integration. Europe accounted for over 25% of the global revenue share in 2019, with countries like Germany, France, Italy, and the UK contributing to the demand through extensive applications in oil & gas, process industries, and power transmission sectors. The Indian current transformer market is experiencing robust growth due to government initiatives aimed at enhancing grid stability and power quality. Regulatory measures, such as the Central Electricity Authoritys Uniform Protection Protocol, are fostering a favorable environment for the adoption of advanced current transformers. The market in India is projected to reach USD 529.18 million by FY2032, with a CAGR of 7.59% between FY2025 and FY2032. Opportunities in the casting current transformer market are further bolstered by the increasing demand for electricity due to population growth and industrialization, rapid urbanization, and the integration of renewable energy sources into existing power grids.
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ABB
Siemens
Schneider Electrics
General Electric
Mitsubishi Electric
BHEL
Nissin Electric
CG Power
Emek
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Casting Current Transformer Market
Indoor Casting Current Transformer
Outdoor Casting Current Transformer
Portable Casting Current Transformer
Power Utilities
Industrial Manufacturing
Renewable Energy Systems
Railway Systems
Commercial Building Management
Resistor-Based Casting Current Transformer
Capacitor-Based Casting Current Transformer
Optical Sensing Technology Casting Current Transformer
Digital Current Transformer
Single-Phase Casting Current Transformer
Three-Phase Casting Current Transformer
Energy & Power
Manufacturing
Transportation
Commercial
Telecommunications
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Casting Current Transformer Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Casting Current Transformer Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Casting Current Transformer Market, By Type
6. Global Casting Current Transformer Market, By Application
7. Global Casting Current Transformer Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Casting Current Transformer Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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