Delray Beach, FL, Aug. 05, 2025 (GLOBE NEWSWIRE) — The global Instrument Transformers Market size is projected to grow from USD 7.1 billion in 2023 to USD 10.6 billion by 2030, at a CAGR of 5.8% according to a new report by MarketsandMarkets™. Instrument transformers are critical components in electrical power systems, contributing significantly to system measurement and protection. These transformers are intended to reduce high voltage and current levels to levels appropriate for instrumentation and control devices, guaranteeing precise measurement and equipment safety. Instrument transformers can be classified into two types: current transformers (CTs) and voltage transformers.
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315 – Tables
65 – Figures
318 – Pages
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Scope of the Report
| Report Metric | Details |
| Instrument Transformers Market Size Values |
|
| Base Year | 2022 |
| Forecast Period | 2023–2030 |
| Forecast Unit | Value (USD Billion) |
| Segments Covered | By Type, By Installation, By Voltage, By Enclosure, By End-User, and By Application |
| Geographic Regions Covered | Asia Pacific, North America, Europe, Middle East and Africa, and South America |
| Companies Covered | ABB (Switzerland), General Electric (US), Mitsubishi Electric (Japan), Siemens Energy (Germany), Schneider Electric (France), Arteche (Spain), Bharat Heavy Electricals Limited (BHEL) (India), CG Power (India), Nissin Electric Co., Ltd. (Japan), EMEK (Turkey), Indian Transformers and Electricals Pvt. Ltd (India), Mehru (India), Koncar-Instrument Transformers Inc. (Croatia), Pfiffner Group (Switzerland), RITZ Instrument Transformers GmbH (Germany), CHINT Group (China), WEG (Brazil), Amran, Inc (USA), Straton Electricals Private Limited (India), and Dalian Huayi Electric Power Electric Appliances Co., Ltd. (China). |
The increasing need for electricity is a primary driver of the instrument transformers market, with worldwide consumption expected to rise considerably in the future. The spike in …