According to a report by Future Market Insights, the global wound current transformer (CT) market is expected to reach $1.1 billion by 2025 and is expected to reach $1.9 billion by 2035, with a compound annual growth rate (CAGR) of 5.9%. This growth reflects its increasing popularity in industrial, utility, and renewable energy applications.

The market for wound current transformers is driven by multiple interrelated parent markets. Electricity distribution and transmission equipment accounts for approximately 35% of the market. Industrial automation and process control account for approximately 25%. Smart grids and energy management systems account for about 20%, while electrical metering and instrumentation account for about 15%. The renewable energy sector, including solar and wind energy, accounts for approximately 5%.

The market exhibits significant regional differences. China leads with a compound annual growth rate of 8.0% from 2025 to 2035, thanks to rapid urbanization, power grid upgrades, and industrial electrification. India followed closely with a growth rate of 7.4%, thanks to rural electrification initiatives and investments in smart grids. Germany is expected to grow at a rate of 6.8%, driven by the integration of smart substations, industrial automation, and renewable energy. The growth rates for the UK and the US are expected to be 5.6% and 5.0% respectively, with a focus on grid modernization, industrial energy monitoring, and renewable energy projects.

The main market participants include ABB, Siemens Energy, Hitachi Energy, General Electric, ARTECHE, Amran, Automatic Electric, and Peak Demand.