Instrument Transformer Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

The Instrument Transformer Market Report is Segmented by Type (Current Transformer, Potential Transformer, and Combined Transformer), End User (Power Utilities, Industrial Sector, and Other End Users), and Geography (North America, Europe, Asia-Pacific, South America, Middle East and Africa). The Report Offers Market Size and Demand Forecasts for the Instrument Transformer Market in Revenue (USD) for all the Above Segments.

Instrument Transformer Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

Instrument Transformer Market Size

Instrument Transformer Market Summary
Study Period 2019 - 2030
Market Size (2025) USD 5.20 Billion
Market Size (2030) USD 6.68 Billion
CAGR (2025 - 2030) 5.13 %
Fastest Growing Market Asia-Pacific
Largest Market Asia-Pacific
Market Concentration Medium

Major Players

Instrument Transformer Market Major Players

*Disclaimer: Major Players sorted in no particular order

Compare market size and growth of Instrument Transformer Market with other markets in Energy & Power Industry

Oil and Gas

Power

Battery

Decommissioning

Emerging Energy Technologies

Energy Storage Technology

Single User License

$4750

Team License

$5250

Corporate License

$8750

Book before: 28th Feb 2025

Instrument Transformer Market Analysis

The Instrument Transformer Market size is estimated at USD 5.20 billion in 2025, and is expected to reach USD 6.68 billion by 2030, at a CAGR of 5.13% during the forecast period (2025-2030).

Over the medium term, factors like expansion in the transmission and distribution network and growth in renewable power generation facilities are likely to drive the market.

On the other hand, the expansion of high voltage direct current (HVDC) networks is expected to hinder the market growth during the forecast period.

Nevertheless, the increasing integration of advanced technologies such as AI and IoT with instrument transformers is expected to create several opportunities for the market in the future.

Instrument Transformer Industry Overview

The instrument transformer market is semi-consolidated. Some of the key players in the market (in no particular order) include ABB Ltd, Siemens Energy AG, General Electric Company, Schneider Electric SE, and Arteche Group, among others.

In November 2023, Siemens announced an investment of USD 150 million in a new high-tech manufacturing plant in Dallas-Fort Worth to support power American data centers and critical infrastructure. This plant is going to deliver state-of-the-art, efficient, and reliable electrical equipment. It is going to facilitate accelerated growth of United States data centers, which is being driven by the exponential adoption of generative AI. It will also ensure the secure operation of critical infrastructure. This investment explicitly helps long-term customers in the data center sector, where demand is expected to grow by about 10% annually through 2030.

Instrument Transformer Market Leaders

  1. General Electric Company

  2. Schneider Electric SE

  3. Arteche Group

  4. Siemens Energy AG

  5. ABB Ltd.

  6. *Disclaimer: Major Players sorted in no particular order
Instrument Transformer Market Concentration
Need More Details on Market Players and Competiters?
Download PDF

Instrument Transformer Market News

  • April 2023: As part of Siemens Smart Infrastructure, Siemens has expanded its leading medium voltage portfolio with a sustainable and intelligent solution that will pave the way for the future of smart switchgear. As a result of the SIBushing's conformity to IEC 61869, it can be connected to the SICAM FCM plus (Feeder Condition Monitor), a multi-functional, short-circuit and earth-fault indicator that uses detection algorithms to indicate the direction of cable faults. In addition to offering unrivaled transparency and high precision measurement of distribution systems up to 36kV, the SICAM FCM plus with SIBushing consumes significantly less power than conventional instrument transformer technologies, resulting in significantly lower power consumption.
  • May 2022: KLOVERTEL Private Limited an Indian based solutions provider in power sector and PFIFFNER Instrument Transformers Ltd, Switzerland, completed the supply of 500 kV DC Voltage Divider at the Ballia HVDC substation of Power Grid Corporation India Limited. The system completed all prequalification test requirements according to IEC 61869-15 with additional requirements for nominal DC voltage up to 500 kV.

Instrument Transformer Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Scope of the Study
  • 1.2 Market Definition
  • 1.3 Study Assumptions

2. EXECUTIVE SUMMARY

3. RESEARCH METHODOLOGY

4. MARKET OVERVIEW

  • 4.1 Introduction
  • 4.2 Market Size and Demand Forecast, in USD, till 2028
  • 4.3 Recent Trends and Developments
  • 4.4 Government Policies and Regulations
  • 4.5 Market Dynamics
    • 4.5.1 Drivers
    • 4.5.1.1 Substantial Investments and Efforts to Modernize the T&D Grid
    • 4.5.2 Restraints
    • 4.5.2.1 Expansion of High Voltage Direct Current (HVDC) Networks
  • 4.6 Supply Chain Analysis
  • 4.7 Porter's Five Forces Analysis
    • 4.7.1 Bargaining Power of Suppliers
    • 4.7.2 Bargaining Power of Consumers
    • 4.7.3 Threat of New Entrants
    • 4.7.4 Threat of Substitute Products and Services
    • 4.7.5 Intensity of Competitive Rivalry

5. MARKET SEGMENTATION

  • 5.1 Type
    • 5.1.1 Current Transformer
    • 5.1.2 Potential Transformer
    • 5.1.3 Combined Transformer
  • 5.2 End User
    • 5.2.1 Power Utilities
    • 5.2.2 Industrial Sector
    • 5.2.3 Other End Users
  • 5.3 Geography
    • 5.3.1 North America
    • 5.3.1.1 United States
    • 5.3.1.2 Canada
    • 5.3.1.3 Mexico
    • 5.3.2 Europe
    • 5.3.2.1 Germany
    • 5.3.2.2 France
    • 5.3.2.3 Spain
    • 5.3.2.4 United Kingdom
    • 5.3.2.5 Rest of Europe
    • 5.3.3 Asia-Pacific
    • 5.3.3.1 China
    • 5.3.3.2 India
    • 5.3.3.3 Japan
    • 5.3.3.4 South Korea
    • 5.3.3.5 Rest of Asia-Pacific
    • 5.3.4 South America
    • 5.3.4.1 Brazil
    • 5.3.4.2 Argentina
    • 5.3.4.3 Rest of South America
    • 5.3.5 Middle East and Africa
    • 5.3.5.1 Saudi Arabia
    • 5.3.5.2 United Arab Emirates
    • 5.3.5.3 South Africa
    • 5.3.5.4 Rest of Middle East and Africa

6. COMPETITIVE LANDSCAPE

  • 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
  • 6.2 Strategies Adopted by Leading Players
  • 6.3 Company Profiles
    • 6.3.1 ABB Ltd
    • 6.3.2 Siemens Energy AG
    • 6.3.3 General Electric Company
    • 6.3.4 Schneider Electric SE
    • 6.3.5 Arteche Group
    • 6.3.6 PFIFFNER Instrument Transformers Ltd
    • 6.3.7 Crompton Greaves Ltd
    • 6.3.8 Mitsubishi Electric Corporation
    • 6.3.9 Nissin Electric Co. Ltd
    • 6.3.10 Amran Inc.
  • *List Not Exhaustive

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

  • 7.1 Increasing Integration of Advanced Technologies such as AI and IoT with Instrument Transformers
**Subject to Availability
You Can Purchase Parts Of This Report. Check Out Prices For Specific Sections
Get Price Break-up Now

Instrument Transformer Industry Segmentation

Instrument transformers are used in AC systems to measure electrical quantities, i.e., voltage, current, power, energy, frequency, etc. Instrument transformers are used with protective relays to protect the power system. The basic function of these types of transformers is to step down the AC system's current and voltage.

The instrument transformer market is segmented by type, end-user, and geography. By type, the market is segmented into current transformers, potential transformers, and combined transformers. By end user, the market is segmented into power utilities, the industrial sector, and other end users. The report also covers the market size and forecasts for the instrument transformer market across the major countries in the region. For each segment, the market size and forecasts have been done based on revenue (USD).

Type Current Transformer
Potential Transformer
Combined Transformer
End User Power Utilities
Industrial Sector
Other End Users
Geography North America United States
Canada
Mexico
Europe Germany
France
Spain
United Kingdom
Rest of Europe
Asia-Pacific China
India
Japan
South Korea
Rest of Asia-Pacific
South America Brazil
Argentina
Rest of South America
Middle East and Africa Saudi Arabia
United Arab Emirates
South Africa
Rest of Middle East and Africa
Need A Different Region or Segment?
Customize Now

Instrument Transformer Market Research FAQs

How big is the Instrument Transformer Market?

The Instrument Transformer Market size is expected to reach USD 5.20 billion in 2025 and grow at a CAGR of 5.13% to reach USD 6.68 billion by 2030.

What is the current Instrument Transformer Market size?

In 2025, the Instrument Transformer Market size is expected to reach USD 5.20 billion.

Who are the key players in Instrument Transformer Market?

General Electric Company, Schneider Electric SE, Arteche Group, Siemens Energy AG and ABB Ltd. are the major companies operating in the Instrument Transformer Market.

Which is the fastest growing region in Instrument Transformer Market?

Asia-Pacific is estimated to grow at the highest CAGR over the forecast period (2025-2030).

Which region has the biggest share in Instrument Transformer Market?

In 2025, the Asia-Pacific accounts for the largest market share in Instrument Transformer Market.

What years does this Instrument Transformer Market cover, and what was the market size in 2024?

In 2024, the Instrument Transformer Market size was estimated at USD 4.93 billion. The report covers the Instrument Transformer Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Instrument Transformer Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

Instrument Transformer Industry Report

Statistics for the 2025 Instrument Transformer market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Instrument Transformer analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.