Optical Current Transformer Market Revenue, Insights, Overview, Outlook, Analysis | Valuates Reports

Optical Current Transformer Market Size

The global market for Optical Current Transformer was valued at US$ 396 million in the year 2024 and is projected to reach a revised size of US$ 1264 million by 2031, growing at a CAGR of 18.3% during the forecast period.

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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.

By Type
• Fiber Optical Current Transformer (FOCT)
• Hybrid Optical Current Transformer (HOCT)

By Application
• Substation
• Converter Station
• DC Power Grid
• Smart Grid

Key Companies
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.

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This release was published on openPR.