Global AC Current Transformers (CT) for Electrical Meters Market Growth 2023-2029

Global AC Current Transformers (CT) for Electrical Meters Market Growth 2023-2029

An AC current transformer (CT) is a transformer that is used to produce an alternating current (AC) in its secondary which is proportional to the AC current in its primary. Current transformers, together with voltage transformers (VTs) or potential transformers (PTs), which are designed for measurement, are known as instrument transformers. The Current Transformer (C.T.), is a type of “instrument transformer” that is designed to produce an alternating current in its secondary winding which is proportional to the current being measured in its primary. Current transformers reduce high voltage currents to a much lower value and provide a convenient way of safely monitoring the actual electrical current flowing in an AC transmission line using a standard ammeter. The principal of operation of a basic current transformer is slightly different from that of an ordinary voltage transformer. Unlike the voltage or power transformer, the current transformer consists of only one or very few turns as its primary winding. This primary winding can be of either a single flat turn, a coil of heavy duty wire wrapped around the core or just a conductor or bus bar placed through a central hole. Due to this type of arrangement, the current transformer is often referred to as a “series transformer” as the primary winding, which never has more than a very few turns, is in series with the current carrying conductor supplying a load. The secondary winding however, may have a large number of coil turns wound on a laminated core of low-loss magnetic material. This core has a large cross-sectional area so that the magnetic flux density created is low using much smaller cross-sectional area wire, depending upon how much the current must be stepped down as it tries to output a constant current, independent of the connected load. The secondary winding will supply a current into either a short circuit, in the form of an ammeter, or into a resistive load until the voltage induced in the secondary is big enough to saturate the core or cause failure from excessive voltage breakdown. Unlike a voltage transformer, the primary current of a current transformer is not dependent of the secondary load current but instead is controlled by an external load. The secondary current is usually rated at a standard 1 Ampere or 5 Amperes for larger primary current ratings. When a current is too high to measure directly or the voltage of the circuit is too high, a current transformer can be used to provide an isolated lower current in its secondary which is proportional to the current in the primary circuit. The induced secondary current is then suitable for measuring instruments or processing in electronic equipment. Current transformers also have little effect on the primary circuit. Often, in electronic equipment, the isolation between the primary and secondary circuit is the important characteristic. Current transformers are used in electronic equipment and are widely used for metering and protective relays in the electrical power industry. Like any transformer, a current transformer has a primary winding, a core and a secondary winding, although some transformers, including current transformers, use an air core. In principle, the only difference between a current transformer and a voltage transformer (normal type) is that the former is fed with a 'constant' current while the latter is fed with a 'constant' voltage, where 'constant' has the strict circuit theory meaning. The alternating current in the primary produces an alternating magnetic field in the core, which then induces an alternating current in the secondary. The primary circuit is largely unaffected by the insertion of the CT. Accurate current transformers need close coupling between the primary and secondary to ensure that the secondary current is proportional to the primary current over a wide current range. The current in the secondary is the current in the primary (assuming a single turn primary) divided by the number of turns of the secondary. Typically, current transformers consist of a silicon steel ring core wound with many turns of copper wire. The conductor carrying the primary current is then passed through the ring; the CT's primary therefore consists of a single 'turn'. The primary 'winding' may be a permanent part of the current transformer, with a heavy copper bar to carry current through the core. Window-type current transformers (aka zero sequence current transformers, or ZSCT) are also common, which can have circuit cables run through the middle of an opening in the core to provide a single-turn primary winding. To assist accuracy, the primary conductor should be central in aperture. CTs are specified by their current ratio from primary to secondary. The rated secondary current is normally standardized at 1 or 5 amperes. For example, a 4000:5 CT secondary winding will supply an output current of 5 amperes when the primary winding current is 4000 amperes. The AC Current Transformers (CT) for Electrical Meters market covers Pin, Wire, etc. The typical players include VAC, Falco Electronics, J&D Electronics, Shenke, etc.

LPI (LP Information)' newest research report, the “AC Current Transformers (CT) for Electrical Meters Industry Forecast” looks at past sales and reviews total world AC Current Transformers (CT) for Electrical Meters sales in 2022, providing a comprehensive analysis by region and market sector of projected AC Current Transformers (CT) for Electrical Meters sales for 2023 through 2029. With AC Current Transformers (CT) for Electrical Meters sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world AC Current Transformers (CT) for Electrical Meters industry.

This Insight Report provides a comprehensive analysis of the global AC Current Transformers (CT) for Electrical Meters landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on AC Current Transformers (CT) for Electrical Meters portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global AC Current Transformers (CT) for Electrical Meters market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for AC Current Transformers (CT) for Electrical Meters and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global AC Current Transformers (CT) for Electrical Meters.

The global AC Current Transformers (CT) for Electrical Meters market size is projected to grow from US$ 276.8 million in 2022 to US$ 373.2 million in 2029; it is expected to grow at a CAGR of 373.2 from 2023 to 2029.

Global AC Current Transformers (CT) for Electrical Meters key players include Falco Electronics, Accuenergy, VAC, TE Connectivity, Hioki E.E., etc. Global top five manufacturers hold a share about 30%. Asia Pacific is the largest market, with a share about 63%, followed by Europe and America, both have a share about 32 percent. In terms of product, Wire is the largest segment, with a share over 80%. And in terms of application, the largest application is Residential, followed by Industrial, etc.

This report presents a comprehensive overview, market shares, and growth opportunities of AC Current Transformers (CT) for Electrical Meters market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type

Pin

Wire

Segmentation by application

Residential

Industrial

Other

This report also splits the market by region:

Americas

United States

Canada

Mexico

Brazil

APAC

China

Japan

Korea

Southeast Asia

India

Australia

Europe

Germany

France

UK

Italy

Russia

Middle East & Africa

Egypt

South Africa

Israel

Turkey

GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.

Falco Electronics

Accuenergy

VAC

TE Connectivity

Hioki E.E.

Nanjing Zeming Electronic

Flex-Core

AutomationDirect

Shenke

Omega Engineering

Oswell

Weschler Instruments

Electrohms

Yuanxing

J&D Electronics

Electromagnetic Industries LLP

Simpson Electric

Key Questions Addressed in this Report

What is the 10-year outlook for the global AC Current Transformers (CT) for Electrical Meters market?

What factors are driving AC Current Transformers (CT) for Electrical Meters market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do AC Current Transformers (CT) for Electrical Meters market opportunities vary by end market size?

How does AC Current Transformers (CT) for Electrical Meters break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.