PUBLISHER: Grand View Research | PRODUCT CODE: 1814190
PUBLISHER: Grand View Research | PRODUCT CODE: 1814190
U.S. Current Transformer Market Size, Share & Trends Analysis Report By Voltage (Low Voltage, Medium Voltage, High Voltage), By Application (Power Distribution, Manufacturing), And Segment Forecasts, 2025 - 2030
U.S. Current Transformer Market Summary
The U.S. current transformer market size was valued at USD 534.0 million in 2024 and is projected to reach USD 680.6 million by 2030, growing at a CAGR of 4.2% from 2025 to 2030. The industry is expected to grow due to rising demand for efficient energy monitoring and control across the industrial, utility, and commercial sectors.
The current transformer industry in the U.S. is primarily driven by the increasing demand for electricity due to rapid urbanization, industrialization, and the ongoing modernization of aging power infrastructure. In alignment with this growing need, in March 2024, the U.S. Department of Energy announced a USD 18 million funding opportunity under the Flexible Innovative Transformer Technologies (FITT) program. Technological advancements are profoundly reshaping the U.S. current transformer market, with a notable shift towards smart digital transformers that offer advanced real-time monitoring, predictive maintenance, and automated energy optimization, leading to reductions in downtime.
Innovations include integrating IoT-enabled sensors and digital signal processing for enhanced accuracy and reliability, especially for smart grid deployments. Manufacturers also focus on miniaturization and lightweight designs to facilitate easier installation and improve performance in space-constrained areas, particularly for industrial automation and building energy management systems.
Key players often engage in strategic acquisitions to expand their product portfolios, gain access to new technologies, enhance market share, and consolidate their presence in specific regions or end-use segments. In October 2024, Standex International Corporation acquired U.S.-based Amran Instrument Transformers and Narayan Powertech Pvt. Ltd. (India-based). This is expected to expand presence in the high-margin, fast-growing electrical grid end market, and benefit from capacity expansion, infrastructure upgrades, and data center demand.
U.S. Current Transformer Market Report Segmentation
This report forecasts revenue growth at the country level and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2030. For this study, Grand View Research has segmented the U.S. current transformer market report based on voltage, and application:
- Voltage Outlook (Revenue, USD Million, 2018 - 2030)
- Low Voltage
- Medium Voltage
- High Voltage
- Application Outlook (Revenue, USD Million, 2018 - 2030)
- Power Distribution
- Manufacturing
- Others
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation and Scope
- 1.2. Market Definition
- 1.3. Information Procurement
- 1.3.1. Purchased Database
- 1.3.2. GVR's Internal Database
- 1.3.3. Secondary Sources and Third-Party Perspectives
- 1.3.4. Primary Research
- 1.4. Information Analysis
- 1.4.1. Data Analysis Models
- 1.5. Market Formulation and Data Visualization
- 1.6. Data Validation and Publishing
Chapter 2. Executive Summary
- 2.1. Market Snapshot
- 2.2. Segment Snapshot
- 2.3. Competitive Landscape Snapshot
Chapter 3. U.S. Current Transformer Market Variables, Trends and Scope
- 3.1. Market Lineage Outlook
- 3.2. Market Dynamics
- 3.2.1. Market Driver Analysis
- 3.2.2. Market Restraint Analysis
- 3.2.3. Industry Challenge
- 3.3. Industry Analysis Tools
- 3.3.1. PORTER's Analysis
- 3.3.1.1. Bargaining power of the suppliers
- 3.3.1.2. Bargaining power of the buyers
- 3.3.1.3. Threats of substitution
- 3.3.1.4. Threats from new entrants
- 3.3.1.5. Competitive rivalry
- 3.3.2. PESTEL Analysis
- 3.3.2.1. Political landscape
- 3.3.2.2. Economic and social landscape
- 3.3.2.3. Technological landscape
- 3.3.1. PORTER's Analysis
Chapter 4. U.S. Current Transformer Market: Voltage Estimates and Trend Analysis
- 4.1. U.S. Current Transformer Market, By Voltage: Key Takeaways
- 4.2. Voltage Movement Analysis and Market Share, 2024 and 2030
- 4.3. Market Estimates and Forecasts, By Voltage, 2018 - 2030 (USD Million)
- 4.3.1. Low Voltage
- 4.3.1.1. Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.3.2. Medium Voltage
- 4.3.2.1. Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.3.3. High Voltage
- 4.3.3.1. Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.3.1. Low Voltage
Chapter 5. U.S. Current Transformer Market: Application Estimates and Trend Analysis
- 5.1. U.S. Current Transformer Market, By Application: Key Takeaways
- 5.2. Application Movement Analysis and Market Share, 2024 and 2030
- 5.3. Market Estimates and Forecasts, By Application, 2018 - 2030 (USD Million)
- 5.3.1. Power Distribution
- 5.3.1.1. Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 5.3.2. Manufacturing
- 5.3.2.1. Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 5.3.3. Others
- 5.3.3.1. Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 5.3.1. Power Distribution
Chapter 6. Competitive Landscape
- 6.1. Company Categorization
- 6.2. Company Market Positioning
- 6.3. Company Heat Map Analysis
- 6.4. Company Profiles/Listing
- 6.4.1. Triad Magnetics
- 6.4.1.1. Company Overview
- 6.4.1.2. Financial Performance
- 6.4.1.3. Product Portfolio
- 6.4.1.4. Recent Developments/ Strategic Initiatives
- 6.4.2. Stangenes Industries, Inc.
- 6.4.2.1. Company Overview
- 6.4.2.2. Financial Performance
- 6.4.2.3. Product Portfolio
- 6.4.2.4. Recent Developments/ Strategic Initiatives
- 6.4.3. MPS Industries, Inc.
- 6.4.3.1. Company Overview
- 6.4.3.2. Financial Performance
- 6.4.3.3. Product Portfolio
- 6.4.3.4. Recent Developments/ Strategic Initiatives
- 6.4.4. Coilcraft, Inc.
- 6.4.4.1. Company Overview
- 6.4.4.2. Financial Performance
- 6.4.4.3. Product Portfolio
- 6.4.4.4. Recent Developments/ Strategic Initiatives
- 6.4.5. Continental Control Systems, LLC
- 6.4.5.1. Company Overview
- 6.4.5.2. Financial Performance
- 6.4.5.3. Product Portfolio
- 6.4.5.4. Recent Developments/ Strategic Initiatives
- 6.4.6. Amran Instrument Transformers
- 6.4.6.1. Company Overview
- 6.4.6.2. Financial Performance
- 6.4.6.3. Product Portfolio
- 6.4.6.4. Recent Developments/ Strategic Initiatives
- 6.4.7. Dongan Electric Manufacturing Company
- 6.4.7.1. Company Overview
- 6.4.7.2. Financial Performance
- 6.4.7.3. Product Portfolio
- 6.4.7.4. Recent Developments/ Strategic Initiatives
- 6.4.8. V & F Transformer Corporation
- 6.4.8.1. Company Overview
- 6.4.8.2. Financial Performance
- 6.4.8.3. Product Portfolio
- 6.4.8.4. Recent Developments/ Strategic Initiatives
- 6.4.9. Midwest Current Transformer
- 6.4.9.1. Company Overview
- 6.4.9.2. Financial Performance
- 6.4.9.3. Product Portfolio
- 6.4.9.4. Recent Developments/ Strategic Initiatives
- 6.4.1. Triad Magnetics
List of Tables
- Table 1 List of abbreviations
- Table 2 Current transformer market 2018 - 2030 (USD Million)
- Table 3 U.S. current transformer market: key market driver analysis
- Table 4 U.S. current transformer market: Key market restraint analysis
- Table 5 U.S. current transformer market estimates and forecast, by voltage (USD Million)
- Table 6 U.S. current transformer market estimates and forecast, by application (USD Million)
List of Figures
- Fig. 1 U.S. current transformer market segmentation
- Fig. 2 Market research process
- Fig. 3 Information procurement
- Fig. 4 Primary research pattern
- Fig. 5 Market research approaches
- Fig. 6 Value chain-based sizing and forecasting
- Fig. 7 Parent market analysis
- Fig. 8 Market formulation and validation
- Fig. 9 U.S. current transformer market snapshot
- Fig. 10 U.S. current transformer market segment snapshot
- Fig. 11 U.S. current transformer market competitive landscape snapshot
- Fig. 12 Market research process
- Fig. 13 Market driver relevance analysis (Current and future impact)
- Fig. 14 Market restraint relevance analysis (Current and future impact)
- Fig. 15 U.S. current transformer market: Voltage outlook key takeaways (USD Million)
- Fig. 16 U.S. current transformer market: Voltage movement analysis 2024 & 2030 (USD Million)
- Fig. 17 Low Voltage market estimates & forecasts, 2018 - 2030 (USD Million)
- Fig. 18 Medium Voltage market estimates & forecasts, 2018 - 2030 (USD Million)
- Fig. 19 High Voltage market estimates & forecasts, 2018 - 2030 (USD Million)
- Fig. 20 U.S. current transformer market: Application outlook key takeaways (USD Million)
- Fig. 21 U.S. current transformer market: Application movement analysis 2024 & 2030 (USD Million)
- Fig. 22 Power Distribution market estimates & forecasts, 2018 - 2030 (USD Million)
- Fig. 23 Manufacturing market estimates & forecasts, 2018 - 2030 (USD Million)
- Fig. 24 Others market estimates & forecasts, 2018 - 2030 (USD Million)
- Fig. 25 Strategy framework
- Fig. 26 Company categorization
