- In February 2024, Hitachi Energy invested over 30 million euros to expand its transformer operations in Germany. The modernization of the power transformer facility in Bad Honnef aimed to create up to 100 new jobs. Set for completion in 2026, the investment enhanced the company's global capacity, addressing the growing demand for transformers in Europe’s energy transition
- In September 2024, TESCO, a leading utility testing solutions provider, introduced the KCTS-8000X Current Transformer Testing System. The system, designed for traceable accuracy down to a 1% rating factor, set a new standard for testing transformers with primaries up to 8000 amperes. It offered utilities unmatched precision, reliability, and efficiency in maintaining metering system compliance
Frequently Asked Questions
The market is segmented based on Segmentation, By Insulation Type (Oil-Paper, Dry-Type, Cast Resin, and Others), Voltage Range (Up to 33 kV, 33 kV to 66 kV, 66 kV to 132 kV, 132 kV to 220 kV, and Above 220 kV), Application (Substations, Power Plants, Industrial Installations, Distribution Networks, and Others), Accuracy Class (0.1, 0.2, 0.5, 1.0, and 3.0), Phases (Single-Phase and Three-Phase) – Industry Trends and Forecast to 2031
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The Global Capacitive Voltage Transformer Market size was valued at USD 27.12 USD Billion in 2023.
The Global Capacitive Voltage Transformer Market is projected to grow at a CAGR of 10.56% during the forecast period of 2024 to 2031.
The market report covers data from the U.S., Canada, Mexico, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E., South Africa, Egypt, Israel, Rest of Middle East and Africa, Brazil, Argentina, Rest of South America.
