Bar Type Current Transformer Market is Expected to grow at a robust CAGR of 7.82% through 2030F
The increasing global bar type current
transformer market is driven by shift toward digital and smart current
transformers, rising adoption in renewable energy applications during the
forecast period 2026-2030F.
According to TechSci Research report, “Bar Type Current Transformer Market
– Global Industry Size, Share, Trends, Competition Forecast &
Opportunities, 2020-2030F”, The Global Bar Type Current
Transformer Market was valued at USD 679.17 Million in 2024 and is expected to
reach USD 1,076.63 Million by 2030 with a CAGR of 7.82% during the forecast
period. A major trend transforming the global bar type current transformer
market is the shift toward digitalization and smart technologies. Traditional
CTs are increasingly being replaced or supplemented by digital CTs that
integrate communication interfaces, signal converters, and real-time monitoring
capabilities. These smart CTs offer enhanced accuracy, faster response times,
and easier integration with intelligent electronic devices (IEDs), supervisory
control and data acquisition (SCADA) systems, and advanced metering
infrastructure (AMI). The move toward digital substations, especially in
developed countries, is accelerating this trend. Utilities and industrial
operators are demanding current transformers that can provide high-fidelity
data for grid analytics, predictive maintenance, and remote diagnostics. As a
result, manufacturers are now focusing on offering bar type CTs equipped with
digital signal outputs, embedded microcontrollers, and cloud-compatible data
interfaces.
This trend is particularly visible in
projects involving smart grids, urban infrastructure upgrades, and automated
energy management systems. With governments and regulatory bodies worldwide
pushing for grid intelligence, the adoption of smart CTs is set to become a
standard rather than a premium option. Though the initial cost is higher, the
long-term benefits of better asset monitoring, fault detection, and operational
efficiency are driving this transition. The digitalization of CTs also aligns
with the broader move toward Industry 4.0, where real-time electrical data is
crucial for machine learning algorithms and energy optimization models.
Consequently, this trend is not only influencing product development strategies
among leading manufacturers but is also shaping procurement policies among
utilities and large-scale industries.
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Bar Type Current Transformer Market"
Based on type, Outdoor Bar Type CTs is
the fastest growing segment in the global Bar Type Current Transformer market during
the forecast period, due to the escalating demand for reliable current
measurement in outdoor, high-voltage environments. This growth is primarily
driven by the rapid expansion of transmission and distribution (T&D)
infrastructure, particularly in developing regions where utilities are
investing heavily in grid extension to meet rising electricity demand. Outdoor
bar type CTs are specifically designed to withstand harsh environmental
conditions, including temperature fluctuations, UV radiation, dust, and
moisture—making them ideal for pole-mounted transformers, switchyards, and
outdoor substations. As countries increase renewable energy deployment, such as
wind and solar farms typically located in remote or outdoor areas, the need for
robust current monitoring equipment has intensified. Outdoor bar type CTs are
preferred in these scenarios because of their durable construction, often
featuring oil-immersed or resin-insulated designs that offer enhanced
electrical insulation, thermal performance, and long service life. These
transformers provide essential current data for protection relays and energy meters,
ensuring stable grid operation and fault detection in outdoor installations.
Moreover, many government-led rural electrification
programs and utility-scale renewable projects rely on medium- and high-voltage
outdoor switchgear, where outdoor bar type CTs are an integral component. As
grid decentralization and rural grid coverage increase in regions like Africa,
Southeast Asia, and Latin America, so does the requirement for outdoor CTs that
can operate reliably in field conditions. Technological advancements, such as
weatherproof enclosures, anti-corrosion coatings, and improved sealing
techniques, have further enhanced the reliability of outdoor CTs, encouraging
their adoption even in extreme environments. Additionally, growing investments
in smart substations and the integration of digital features into outdoor CTs
are helping expand their utility. These trends collectively contribute to the
strong growth of the outdoor segment during the forecast period.
Based on region, Asia Pacific is the
fastest growing region in the Global Bar Type Current Transformer Market during
the forecast period due to rapid industrialization, urban expansion, and
massive investments in power infrastructure across countries such as China,
India, Indonesia, Vietnam, and the Philippines. The region is witnessing
unprecedented growth in electricity demand driven by increasing population,
economic development, and expanding manufacturing activities. As a result,
utilities and governments are investing heavily in modernizing transmission and
distribution (T&D) networks, thereby creating strong demand for bar type
current transformers used in metering, protection, and control applications. In
particular, China and India are leading contributors, with large-scale grid
upgrade projects, smart grid deployments, and rural electrification programs.
China’s dual carbon goals and its commitment to renewable energy integration
are fueling the expansion of substations and energy monitoring
infrastructure—key areas where bar type CTs are essential. India’s Revamped
Distribution Sector Scheme (RDSS), aimed at improving the quality and
reliability of power supply, also calls for widespread deployment of current
transformers across substations and feeder lines.
Additionally, the rapid growth of renewable energy
installations in Asia Pacific—such as utility-scale solar parks and onshore
wind farms—requires robust current monitoring and fault detection equipment.
Bar type CTs, especially dry-type and outdoor variants, are well-suited for
such applications due to their compactness, reliability, and low maintenance
needs. The region also benefits from a growing base of local manufacturers and
suppliers, especially in China and India, who offer cost-effective solutions
tailored to regional standards. Furthermore, the proliferation of smart
buildings, industrial automation, and digital metering systems in urban centers
like Tokyo, Seoul, and Singapore further supports the demand for high-accuracy
bar type CTs.
Key market players in the Global Bar
Type Current Transformer market are: -
- ABB Ltd.
- Schneider Electric SE
- Siemens AG
- General Electric
- Eaton Corporation
- Mitsubishi Electric Corporation
- Arteche Group
- Ritz Instrument Transformers GmbH
- Pfiffner Instrument Transformers Ltd.
- CG Power and Industrial Solutions Ltd.
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“The Global Bar Type Current Transformer Market
presents significant opportunities driven by rapid grid modernization, rising
renewable energy integration, and increasing adoption of smart metering and
energy management systems. Growing infrastructure development in emerging
economies, particularly in Asia Pacific and Africa, is fueling demand for
reliable current sensing solutions. Additionally, advancements in digital CTs
and SF₆-free switchgear compatibility open new avenues for
innovation. Expanding applications in electric vehicle (EV) charging stations,
data centers, and industrial automation also contribute to market potential.
Government initiatives promoting energy efficiency and sustainable power
infrastructure further enhance growth prospects for bar type current
transformer manufacturers.Top of Form” said Mr. Karan Chechi, Research Director of TechSci
Research, a research-based Global management consulting firm.
“Bar
Type Current Transformer Market - Global Industry Size, Share, Trends,
Opportunity, and Forecast, Segmented By Type (Indoor Bar Type CTs, Outdoor Bar
Type CTs), By Insulation Type (Dry-Type, Oil-Immersed, Gas-Insulated), By
End-User Industry (Utilities, Industrial, Commercial Buildings, Renewable
Energy Plants, Data Centers), By Region & Competition, 2020-2030F,” has evaluated the future
growth potential of Global Bar Type Current Transformer Market and
provides statistics & information on market size, structure, and future
market growth. The report intends to provide cutting-edge market intelligence
and help decision makers take sound investment decisions. Besides the report
also identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in Global Bar Type Current Transformer Market.
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