Instrument Transformer Market - Top Companies and Manufacturers

In the year 2024, the industry size of instrument transformer is estimated at USD 3.4 Billion.

The instrument transformer market size was valued at USD 3.2 Billion in 2023 and is set to cross USD 7.54 Billion by the end of 2036, registering more than 6.8% CAGR during the forecast period i.e., between 2024-2036. The various advantages of instrument transformers along with advancements in technology and the rising adoption of smart grids are the major factors driving the market growth.

Asia Pacific is projected to dominate majority industry share by 2036, attributed to increasing demand for electricity, driven by rapid development in the countries, such as India, China, Japan, and others.

PFIFFNER Instrument Transformers Ltd., Arteche Lantegi Elkartea SA, Siemens AG, ABB Ltd., CG Power and Industrial Solutions Limited, Mitsubishi Electric Corporation, Instrument Transformer Equipment Corporation, Inc., Nissin Electric Co., Ltd., Bharat Heavy Electricals Limited, Raychem RPG Pvt. Ltd.