Global Optical Current Transformer Market 2023 by Manufacturers, Regions, Type and Application, Forecast to 2029

According to our (Global Info Research) latest study, the global Optical Current Transformer market size was valued at USD 277.8 million in 2022 and is forecast to a readjusted size of USD 859.7 million by 2029 with a CAGR of 17.5% during review period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
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.
This report is a detailed and comprehensive analysis for global Optical Current Transformer 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 Optical Current Transformer market size and forecasts, in consumption value ($ Million), sales quantity (K Units), and average selling prices (US$/Unit), 2018-2029
Global Optical Current Transformer market size and forecasts by region and country, in consumption value ($ Million), sales quantity (K Units), and average selling prices (US$/Unit), 2018-2029
Global Optical Current Transformer market size and forecasts, by Type and by Application, in consumption value ($ Million), sales quantity (K Units), and average selling prices (US$/Unit), 2018-2029
Global Optical Current Transformer market shares of main players, shipments in revenue ($ Million), sales quantity (K Units), and ASP (US$/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 Optical Current Transformer
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 Optical Current Transformer 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 ABB, Profotech, Trench Group, T&D Products Ltd and NR Electric Co., Ltd., 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
Optical Current Transformer 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
    Fiber Optical Current Transformer (FOCT)
    Hybrid Optical Current Transformer (HOCT)
Market segment by Application
    Substation
    Converter Station
    DC Power Grid
    Smart Grid
    Others
Major players covered
    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.
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 Optical Current Transformer product scope, market overview, market estimation caveats and base year.
Chapter 2, to profile the top manufacturers of Optical Current Transformer, with price, sales, revenue and global market share of Optical Current Transformer from 2018 to 2023.
Chapter 3, the Optical Current Transformer competitive situation, sales quantity, revenue and global market share of top manufacturers are analyzed emphatically by landscape contrast.
Chapter 4, the Optical Current Transformer 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 Optical Current Transformer 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 Optical Current Transformer.
Chapter 14 and 15, to describe Optical Current Transformer sales channel, distributors, customers, research findings and conclusion.