Current Transformer Market Segmentation:
Product Type Segment Analysis
The bar type segment is anticipated to account for current transformer market share of around 39% by 2035. Bar type has extensive application in electricity grids, switch gears, and powerplants for protection from disturbances such as short circuits and overcurrent. Bar-type current transformers from Newtek Electricals are capable of holding high voltages of switchgear applications. These current transformers are usually used for monitoring electric current and, therefore highly utilized in renewable energy systems.
Application Segment Analysis
In current transformer market, metering segment is set to observe significant growth till 2035. In the past few years metering sector has attained maximum growth since the current transformers are used to measure the current electricity flow rate and total power consumption.
Additionally, the metering segment is estimated to grow at a fast pace in the forecast period due to the demand for energy efficiency and the worldwide rapid adoption of smart power grid solutions.
Cooling Segment Analysis
In current transformer market, oil-immersed segment is poised to exceed 49% revenue share by 2035. The segment growth can be attributed to its usage at high heat situations. These suspend transformers which are have steel tanks filled with oil. Oil-filled current transformer from Kalpaelectrikals adheres compliance with necessary standards and offers up to 36kV voltage for equipment.
Our in-depth analysis of the current transformer market includes the following segments:
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Voltage Rating |
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Application |
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