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AC Current Transformers (CT) for Electrical Meters Market, Global Outlook and Forecast 2023-2029

AC Current Transformers (CT) for Electrical Meters Market, Global Outlook and Forecast 2023-2029

  • Published on : 20 March 2023
  • Pages :115
  • Report Code:SMR-7606560

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Report overview

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 ?instrument transformer? 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 ?series transformer? 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.
This report aims to provide a comprehensive presentation of the global market for AC Current Transformers (CT) for Electrical Meters, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding AC Current Transformers (CT) for Electrical Meters. This report contains market size and forecasts of AC Current Transformers (CT) for Electrical Meters in global, including the following market information:
  • Global AC Current Transformers (CT) for Electrical Meters Market Revenue, 2018-2023, 2024-2029, ($ millions)
  • Global AC Current Transformers (CT) for Electrical Meters Market Sales, 2018-2023, 2024-2029, (K Units)
Global top five AC Current Transformers (CT) for Electrical Meters companies in 2022 (%)
The global AC Current Transformers (CT) for Electrical Meters market was valued at US$ 291.2 million in 2022 and is projected to reach US$ 383.7 million by 2029, at a CAGR of 4.0% during the forecast 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.
We surveyed the AC Current Transformers (CT) for Electrical Meters manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global AC Current Transformers (CT) for Electrical Meters Market, by Type, 2018-2023, 2024-2029 ($ Millions) & (K Units)
Global AC Current Transformers (CT) for Electrical Meters Market Segment Percentages, by Type, 2022 (%)
  • Pin
  • Wire
Global AC Current Transformers (CT) for Electrical Meters Market, by Application, 2018-2023, 2024-2029 ($ Millions) & (K Units)
Global AC Current Transformers (CT) for Electrical Meters Market Segment Percentages, by Application, 2022 (%)
  • Residential
  • Industrial
  • Other
Global AC Current Transformers (CT) for Electrical Meters Market, By Region and Country, 2018-2023, 2024-2029 ($ Millions) & (K Units)
Global AC Current Transformers (CT) for Electrical Meters Market Segment Percentages, By Region and Country, 2022 (%)
  • North America
  • US
  • Canada
  • Mexico
  • Europe
  • Germany
  • France
  • U.K.
  • Italy
  • Russia
  • Nordic Countries
  • Benelux
  • Rest of Europe
  • Asia
  • China
  • Japan
  • South Korea
  • Southeast Asia
  • India
  • Rest of Asia
  • South America
  • Brazil
  • Argentina
  • Rest of South America
  • Middle East & Africa
  • Turkey
  • Israel
  • Saudi Arabia
  • UAE
  • Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
  • Key companies AC Current Transformers (CT) for Electrical Meters revenues in global market, 2018-2023 (Estimated), ($ millions)
  • Key companies AC Current Transformers (CT) for Electrical Meters revenues share in global market, 2022 (%)
  • Key companies AC Current Transformers (CT) for Electrical Meters sales in global market, 2018-2023 (Estimated), (K Units)
  • Key companies AC Current Transformers (CT) for Electrical Meters sales share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:
  • 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
  • Outline of Major Chapters:
  • Chapter 1: Introduces the definition of AC Current Transformers (CT) for Electrical Meters, market overview.
  • Chapter 2: Global AC Current Transformers (CT) for Electrical Meters market size in revenue and volume.
  • Chapter 3: Detailed analysis of AC Current Transformers (CT) for Electrical Meters manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
  • Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
  • Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
  • Chapter 6: Sales of AC Current Transformers (CT) for Electrical Meters in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
  • Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
  • Chapter 8: Global AC Current Transformers (CT) for Electrical Meters capacity by region & country.
  • Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
  • Chapter 10: Analysis of industrial chain, including the upstream and downstream of the industry.
  • Chapter 11: The main points and conclusions of the report.