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Dry-Type Transformer Market to Hit $1.3 Billion by 2035

10/17/2025

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Summary

Story summary

The dry-type current transformer market is projected to grow from $601.4 million in 2025 to $1.3 billion by 2035 at a 7.7% CAGR.
Growth is driven by replacing oil-immersed transformers for safety and operational advantages.
China leads with a 10.4% CAGR, followed by India 9.6%, Germany 8.9%, the UK 7.3%, and US 6.5%.
The market is shifting toward compact, modular designs and renewable-energy integration to improve safety and energy efficiency.

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Story summary

The dry-type current transformer market is projected to grow from $601.4 million in 2025 to $1.3 billion by 2035 at a 7.7% CAGR.
Growth is driven by replacing oil-immersed transformers for safety and operational advantages.
China leads with a 10.4% CAGR, followed by India 9.6%, Germany 8.9%, the UK 7.3%, and US 6.5%.
The market is shifting toward compact, modular designs and renewable-energy integration to improve safety and energy efficiency.