Global Optical Current Transformer Market Growth 2023-2029

Global Optical Current Transformer Market Growth 2023-2029

The global Optical Current Transformer market size is projected to grow from US$ 264.1 million in 2022 to US$ 891.7 million in 2029; it is expected to grow at a CAGR of 891.7 from 2023 to 2029.

The key manufacturers of optical current transformer in the world include ABB, Profotech, Trench Group, T&D Products Ltd, NR Electric Co., Ltd., Arteche, GE, Yangtze Optical Electronic Co.,Ltd. and Comcore Optical Intelligence Technologies Co., Ltd., among which the top two manufacturers have more than 30% of the market share. The global optical current transformer production is mainly distributed in North America, Europe, China and Japan, among which the first two production regions have more than 65% of the market share. At present, Europe is the largest production region, with more than 45% of the market share. As far as products are concerned, hybrid optical current transformers have a relatively fast growth rate, with a market share of more than 50%, followed by fiber optical current transformers. In terms of application, DC power grid is the first application field, with more than 30% market share, followed by converter station.

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

This Insight Report provides a comprehensive analysis of the global Optical Current Transformer 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 Optical Current Transformer portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Optical Current Transformer market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Optical Current Transformer 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 Optical Current Transformer.

This report presents a comprehensive overview, market shares, and growth opportunities of Optical Current Transformer market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type
Fiber Optical Current Transformer (FOCT)
Hybrid Optical Current Transformer (HOCT)

Segmentation by application
Substation
Converter Station
DC Power Grid
Smart Grid
Others

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.
ABB
Profotech
Trench Group
T&D Products Ltd
NR Electric Co., Ltd.
Arteche
GE
Yangtze Optical Electronic Co.,Ltd.
Comcore Optical Intelligence Technologies Co., Ltd.

Key Questions Addressed in this Report

What is the 10-year outlook for the global Optical Current Transformer market?

What factors are driving Optical Current Transformer market growth, globally and by region?

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

How do Optical Current Transformer market opportunities vary by end market size?

How does Optical Current Transformer 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.