Bar Type Current Transformer Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Type, By Insulation Type, By End-User Industry, By Region & Competition, 2020-2030F

Description

The Global Bar Type Current Transformer Market was valued at USD 679.17 Million in 2024 and is projected to reach USD 1,076.63 Million by 2030, growing at a CAGR of 7.82% during the forecast period. This market is expanding steadily due to increasing global electricity consumption, modernization of grid infrastructure, and growing demand for reliable current measurement and protection in utility, industrial, and commercial sectors. Bar type current transformers, designed to encircle a conductor or busbar, are critical for accurate alternating current measurement and electrical isolation in power systems. Their compact form factor, straightforward installation, and strong performance in challenging environments make them particularly suitable for applications in switchgear, metering panels, and control units. Additionally, the proliferation of smart grids and digital substations has increased the demand for bar type CTs offering high accuracy, seamless integration, and real-time data monitoring capabilities.

Market Overview
Forecast Period	2026-2030
Market Size 2024	USD 679.17 Million
Market Size 2030	USD 1,076.63 Million
CAGR 2025-2030	7.82%
Fastest Growing Segment	Outdoor Bar Type CTs
Largest Market	North America

Key Market Drivers

Rising Electricity Demand and Urbanization

The continuous rise in global electricity demand, fueled by rapid urban development and industrial growth, is a major driver for the adoption of bar type current transformers. As urban areas expand and infrastructure scales up, there is a pressing need for safe, reliable, and efficient power distribution systems. Bar type CTs are increasingly deployed across utility and industrial settings to ensure accurate load monitoring, fault detection, and protection. Their compact and efficient design makes them well-suited for deployment in low- and medium-voltage networks, supporting the infrastructure needs of growing metropolitan and industrial regions.

Key Market Challenges

Increasing Competition from Alternative Current Sensing Technologies

The bar type current transformer market is increasingly challenged by alternative current sensing technologies such as Rogowski coils, Hall-effect sensors, and fiber-optic sensors. These technologies offer advantages including non-intrusive installation, higher frequency response, and flexibility-attributes that are particularly useful in modern applications like smart grids, EV charging infrastructure, and dynamic energy systems. Their lower installation complexity and minimal maintenance needs make them attractive in retrofit environments. While bar type CTs remain a mainstay in traditional power systems due to their durability and compliance with established standards, ongoing innovation is necessary to sustain their relevance in a market leaning toward advanced, compact, and multifunctional sensor technologies.

Key Market Trends

Rising Adoption in Renewable Energy Applications

The integration of renewable energy sources such as wind and solar is driving increased usage of bar type current transformers in power generation and distribution systems. These transformers are being adopted in inverter units, switchgear, and power conditioning systems due to their reliability, compactness, and ability to function in thermally intensive and space-constrained setups. With the expansion of solar PV installations and wind farms, especially in Asia-Pacific, Europe, and North America, bar type CTs are becoming essential components for maintaining grid compliance and equipment safety. The growing prevalence of decentralized generation and microgrids has further elevated the demand for current monitoring solutions that can ensure stable and efficient power flow, even in variable and distributed energy environments. Manufacturers are responding by developing CTs tailored for low-voltage, DC-coupled, and renewable-based systems, reinforcing their role in the evolving energy landscape.

Key Market Players

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.

Report Scope:

In this report, the Global Bar Type Current Transformer Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

Bar Type Current Transformer Market, By Type:

Indoor Bar Type CTs
Outdoor Bar Type CTs

Bar Type Current Transformer Market, By Insulation Type:

Dry-Type
Oil-Immersed
Gas-Insulated

Bar Type Current Transformer Market, By End-User Industry:

Utilities
Industrial
Commercial Buildings
Renewable Energy Plants
Data Centers

Bar Type Current Transformer Market, By Region:

North America
- United States
- Canada
- Mexico
Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
South America
- Brazil
- Argentina
- Colombia
Asia-Pacific
- China
- India
- Japan
- South Korea
- Australia
Middle East & Africa
- Saudi Arabia
- UAE
- South Africa

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Bar Type Current Transformer Market.

Available Customizations:

Global Bar Type Current Transformer Market report with the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

1. Product Overview

1.1. Market Definition
1.2. Scope of the Market
- 1.2.1. Markets Covered
- 1.2.2. Years Considered for Study
- 1.2.3. Key Market Segmentations

2. Research Methodology

2.1. Objective of the Study
2.2. Baseline Methodology
2.3. Key Industry Partners
2.4. Major Association and Secondary Sources
2.5. Forecasting Methodology
2.6. Data Triangulation & Validation
2.7. Assumptions and Limitations

3. Executive Summary

3.1. Overview of the Market
3.2. Overview of Key Market Segmentations
3.3. Overview of Key Market Players
3.4. Overview of Key Regions/Countries
3.5. Overview of Market Drivers, Challenges, and Trends

4. Voice of Customer

5. Global Bar Type Current Transformer Market Outlook

5.1. Market Size & Forecast
- 5.1.1. By Value
5.2. Market Share & Forecast
- 5.2.1. By Type (Indoor Bar Type CTs, Outdoor Bar Type CTs)
- 5.2.2. By Insulation Type (Dry-Type, Oil-Immersed, Gas-Insulated)
- 5.2.3. By End-User Industry (Utilities, Industrial, Commercial Buildings, Renewable Energy Plants, Data Centers)
- 5.2.4. By Region (North America, Europe, South America, Middle East & Africa, Asia Pacific)
5.3. By Company (2024)
5.4. Market Map

6. North America Bar Type Current Transformer Market Outlook

6.1. Market Size & Forecast
- 6.1.1. By Value
6.2. Market Share & Forecast
- 6.2.1. By Type
- 6.2.2. By Insulation Type
- 6.2.3. By End-User Industry
- 6.2.4. By Country
6.3. North America: Country Analysis
- 6.3.1. United States Bar Type Current Transformer Market Outlook
  - 6.3.1.1. Market Size & Forecast
    - 6.3.1.1.1. By Value
  - 6.3.1.2. Market Share & Forecast
    - 6.3.1.2.1. By Type
    - 6.3.1.2.2. By Insulation Type
    - 6.3.1.2.3. By End-User Industry
- 6.3.2. Canada Bar Type Current Transformer Market Outlook
  - 6.3.2.1. Market Size & Forecast
    - 6.3.2.1.1. By Value
  - 6.3.2.2. Market Share & Forecast
    - 6.3.2.2.1. By Type
    - 6.3.2.2.2. By Insulation Type
    - 6.3.2.2.3. By End-User Industry
- 6.3.3. Mexico Bar Type Current Transformer Market Outlook
  - 6.3.3.1. Market Size & Forecast
    - 6.3.3.1.1. By Value
  - 6.3.3.2. Market Share & Forecast
    - 6.3.3.2.1. By Type
    - 6.3.3.2.2. By Insulation Type
    - 6.3.3.2.3. By End-User Industry

7. Europe Bar Type Current Transformer Market Outlook

7.1. Market Size & Forecast
- 7.1.1. By Value
7.2. Market Share & Forecast
- 7.2.1. By Type
- 7.2.2. By Insulation Type
- 7.2.3. By End-User Industry
- 7.2.4. By Country
7.3. Europe: Country Analysis
- 7.3.1. Germany Bar Type Current Transformer Market Outlook
  - 7.3.1.1. Market Size & Forecast
    - 7.3.1.1.1. By Value
  - 7.3.1.2. Market Share & Forecast
    - 7.3.1.2.1. By Type
    - 7.3.1.2.2. By Insulation Type
    - 7.3.1.2.3. By End-User Industry
- 7.3.2. France Bar Type Current Transformer Market Outlook
  - 7.3.2.1. Market Size & Forecast
    - 7.3.2.1.1. By Value
  - 7.3.2.2. Market Share & Forecast
    - 7.3.2.2.1. By Type
    - 7.3.2.2.2. By Insulation Type
    - 7.3.2.2.3. By End-User Industry
- 7.3.3. United Kingdom Bar Type Current Transformer Market Outlook
  - 7.3.3.1. Market Size & Forecast
    - 7.3.3.1.1. By Value
  - 7.3.3.2. Market Share & Forecast
    - 7.3.3.2.1. By Type
    - 7.3.3.2.2. By Insulation Type
    - 7.3.3.2.3. By End-User Industry
- 7.3.4. Italy Bar Type Current Transformer Market Outlook
  - 7.3.4.1. Market Size & Forecast
    - 7.3.4.1.1. By Value
  - 7.3.4.2. Market Share & Forecast
    - 7.3.4.2.1. By Type
    - 7.3.4.2.2. By Insulation Type
    - 7.3.4.2.3. By End-User Industry
- 7.3.5. Spain Bar Type Current Transformer Market Outlook
  - 7.3.5.1. Market Size & Forecast
    - 7.3.5.1.1. By Value
  - 7.3.5.2. Market Share & Forecast
    - 7.3.5.2.1. By Type
    - 7.3.5.2.2. By Insulation Type
    - 7.3.5.2.3. By End-User Industry

8. Asia Pacific Bar Type Current Transformer Market Outlook

8.1. Market Size & Forecast
- 8.1.1. By Value
8.2. Market Share & Forecast
- 8.2.1. By Type
- 8.2.2. By Insulation Type
- 8.2.3. By End-User Industry
- 8.2.4. By Country
8.3. Asia Pacific: Country Analysis
- 8.3.1. China Bar Type Current Transformer Market Outlook
  - 8.3.1.1. Market Size & Forecast
    - 8.3.1.1.1. By Value
  - 8.3.1.2. Market Share & Forecast
    - 8.3.1.2.1. By Type
    - 8.3.1.2.2. By Insulation Type
    - 8.3.1.2.3. By End-User Industry
- 8.3.2. India Bar Type Current Transformer Market Outlook
  - 8.3.2.1. Market Size & Forecast
    - 8.3.2.1.1. By Value
  - 8.3.2.2. Market Share & Forecast
    - 8.3.2.2.1. By Type
    - 8.3.2.2.2. By Insulation Type
    - 8.3.2.2.3. By End-User Industry
- 8.3.3. Japan Bar Type Current Transformer Market Outlook
  - 8.3.3.1. Market Size & Forecast
    - 8.3.3.1.1. By Value
  - 8.3.3.2. Market Share & Forecast
    - 8.3.3.2.1. By Type
    - 8.3.3.2.2. By Insulation Type
    - 8.3.3.2.3. By End-User Industry
- 8.3.4. South Korea Bar Type Current Transformer Market Outlook
  - 8.3.4.1. Market Size & Forecast
    - 8.3.4.1.1. By Value
  - 8.3.4.2. Market Share & Forecast
    - 8.3.4.2.1. By Type
    - 8.3.4.2.2. By Insulation Type
    - 8.3.4.2.3. By End-User Industry
- 8.3.5. Australia Bar Type Current Transformer Market Outlook
  - 8.3.5.1. Market Size & Forecast
    - 8.3.5.1.1. By Value
  - 8.3.5.2. Market Share & Forecast
    - 8.3.5.2.1. By Type
    - 8.3.5.2.2. By Insulation Type
    - 8.3.5.2.3. By End-User Industry

9. Middle East & Africa Bar Type Current Transformer Market Outlook

9.1. Market Size & Forecast
- 9.1.1. By Value
9.2. Market Share & Forecast
- 9.2.1. By Type
- 9.2.2. By Insulation Type
- 9.2.3. By End-User Industry
- 9.2.4. By Country
9.3. Middle East & Africa: Country Analysis
- 9.3.1. Saudi Arabia Bar Type Current Transformer Market Outlook
  - 9.3.1.1. Market Size & Forecast
    - 9.3.1.1.1. By Value
  - 9.3.1.2. Market Share & Forecast
    - 9.3.1.2.1. By Type
    - 9.3.1.2.2. By Insulation Type
    - 9.3.1.2.3. By End-User Industry
- 9.3.2. UAE Bar Type Current Transformer Market Outlook
  - 9.3.2.1. Market Size & Forecast
    - 9.3.2.1.1. By Value
  - 9.3.2.2. Market Share & Forecast
    - 9.3.2.2.1. By Type
    - 9.3.2.2.2. By Insulation Type
    - 9.3.2.2.3. By End-User Industry
- 9.3.3. South Africa Bar Type Current Transformer Market Outlook
  - 9.3.3.1. Market Size & Forecast
    - 9.3.3.1.1. By Value
  - 9.3.3.2. Market Share & Forecast
    - 9.3.3.2.1. By Type
    - 9.3.3.2.2. By Insulation Type
    - 9.3.3.2.3. By End-User Industry

10. South America Bar Type Current Transformer Market Outlook

10.1. Market Size & Forecast
- 10.1.1. By Value
10.2. Market Share & Forecast
- 10.2.1. By Type
- 10.2.2. By Insulation Type
- 10.2.3. By End-User Industry
- 10.2.4. By Country
10.3. South America: Country Analysis
- 10.3.1. Brazil Bar Type Current Transformer Market Outlook
  - 10.3.1.1. Market Size & Forecast
    - 10.3.1.1.1. By Value
  - 10.3.1.2. Market Share & Forecast
    - 10.3.1.2.1. By Type
    - 10.3.1.2.2. By Insulation Type
    - 10.3.1.2.3. By End-User Industry
- 10.3.2. Colombia Bar Type Current Transformer Market Outlook
  - 10.3.2.1. Market Size & Forecast
    - 10.3.2.1.1. By Value
  - 10.3.2.2. Market Share & Forecast
    - 10.3.2.2.1. By Type
    - 10.3.2.2.2. By Insulation Type
    - 10.3.2.2.3. By End-User Industry
- 10.3.3. Argentina Bar Type Current Transformer Market Outlook
  - 10.3.3.1. Market Size & Forecast
    - 10.3.3.1.1. By Value
  - 10.3.3.2. Market Share & Forecast
    - 10.3.3.2.1. By Type
    - 10.3.3.2.2. By Insulation Type
    - 10.3.3.2.3. By End-User Industry

11. Market Dynamics

11.1. Drivers
11.2. Challenges

12. Market Trends and Developments

12.1. Merger & Acquisition (If Any)
12.2. Product Launches (If Any)
12.3. Recent Developments

13. Company Profiles

13.1. ABB Ltd.
- 13.1.1. Business Overview
- 13.1.2. Key Revenue and Financials
- 13.1.3. Recent Developments
- 13.1.4. Key Personnel
- 13.1.5. Key Product/Services Offered
13.2. Schneider Electric SE
13.3. Siemens AG
13.4. General Electric
13.5. Eaton Corporation
13.6. Mitsubishi Electric Corporation
13.7. Arteche Group
13.8. Ritz Instrument Transformers GmbH
13.9. Pfiffner Instrument Transformers Ltd.
13.10. CG Power and Industrial Solutions Ltd.