Global AC Current Transformers (CT) for Electrical Meters Market 2023 by Manufacturers, Regions, Type and Application, Forecast to 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 ﾓinstrument transformerﾔ 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 ﾓseries transformerﾔ 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.
According to our (Global Info Research) latest study, the global AC Current Transformers (CT) for Electrical Meters market size was valued at USD 291.2 million in 2022 and is forecast to a readjusted size of USD 383.7 million by 2029 with a CAGR of 4.0% during review period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
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 is a detailed and comprehensive analysis for global AC Current Transformers (CT) for Electrical Meters market. Both quantitative and qualitative analyses are presented by manufacturers, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2023, are provided.
Key Features:
Global AC Current Transformers (CT) for Electrical Meters market size and forecasts, in consumption value ($ Million), sales quantity (K Units), and average selling prices (USD/Unit), 2018-2029
Global AC Current Transformers (CT) for Electrical Meters market size and forecasts by region and country, in consumption value ($ Million), sales quantity (K Units), and average selling prices (USD/Unit), 2018-2029
Global AC Current Transformers (CT) for Electrical Meters market size and forecasts, by Type and by Application, in consumption value ($ Million), sales quantity (K Units), and average selling prices (USD/Unit), 2018-2029
Global AC Current Transformers (CT) for Electrical Meters market shares of main players, shipments in revenue ($ Million), sales quantity (K Units), and ASP (USD/Unit), 2018-2023
The Primary Objectives in This Report Are:
To determine the size of the total market opportunity of global and key countries
To assess the growth potential for AC Current Transformers (CT) for Electrical Meters
To forecast future growth in each product and end-use market
To assess competitive factors affecting the marketplace
This report profiles key players in the global AC Current Transformers (CT) for Electrical Meters market based on the following parameters - company overview, production, value, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include Falco Electronics, Accuenergy, VAC, TE Connectivity and Hioki E.E., etc.
This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, COVID-19 and Russia-Ukraine War Influence.
Market Segmentation
AC Current Transformers (CT) for Electrical Meters market is split by Type and by Application. For the period 2018-2029, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.
Market segment by Type
    Pin
    Wire
Market segment by Application
    Residential
    Industrial
    Other
Major players covered
    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
Market segment by region, regional analysis covers
    North America (United States, Canada and Mexico)
    Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
    Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
    South America (Brazil, Argentina, Colombia, and Rest of South America)
    Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)
The content of the study subjects, includes a total of 15 chapters:
Chapter 1, to describe AC Current Transformers (CT) for Electrical Meters product scope, market overview, market estimation caveats and base year.
Chapter 2, to profile the top manufacturers of AC Current Transformers (CT) for Electrical Meters, with price, sales, revenue and global market share of AC Current Transformers (CT) for Electrical Meters from 2018 to 2023.
Chapter 3, the AC Current Transformers (CT) for Electrical Meters competitive situation, sales quantity, revenue and global market share of top manufacturers are analyzed emphatically by landscape contrast.
Chapter 4, the AC Current Transformers (CT) for Electrical Meters breakdown data are shown at the regional level, to show the sales quantity, consumption value and growth by regions, from 2018 to 2029.
Chapter 5 and 6, to segment the sales by Type and application, with sales market share and growth rate by type, application, from 2018 to 2029.
Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value and market share for key countries in the world, from 2017 to 2022.and AC Current Transformers (CT) for Electrical Meters market forecast, by regions, type and application, with sales and revenue, from 2024 to 2029.
Chapter 12, market dynamics, drivers, restraints, trends, Porters Five Forces analysis, and Influence of COVID-19 and Russia-Ukraine War.
Chapter 13, the key raw materials and key suppliers, and industry chain of AC Current Transformers (CT) for Electrical Meters.
Chapter 14 and 15, to describe AC Current Transformers (CT) for Electrical Meters sales channel, distributors, customers, research findings and conclusion.