Low Voltage Instrument Transformers Market Report 2025 (Global Edition)

Global Low Voltage Instrument Transformers Market Report 2025 Market Size Split by Product Outlook: (LV Current Instrument Transformers, LV Voltage Instrument Transformers), by Application Outlook: (P...

Low Voltage Instrument Transformers Market Report Description

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Competitive Landscape of the Low Voltage Instrument Transformers Market

The competitive landscape of the Low Voltage Instrument Transformers market is characterized by the presence of both established and emerging players. Key market participants include manufacturers of electrical components, such as Schneider Electric, Siemens, ABB, and General Electric, who offer a variety of low-voltage instrument transformers for power measurement, protection, and control applications. The market is highly competitive due to technological advancements, such as smart grid integration and improved efficiency. Companies are focusing on product innovation, strategic partnerships, and regional expansion to gain market share. Rising demand in industrial and commercial sectors is further intensifying competition.

In June 2023, Straton Electricals unveiled its cycloaliphatic cast resin instrument transformers. These transformers are perfect for outdoor applications and are made to be type-tested. Compared to conventional oil-type transformers, they have several advantages, such as increased resistance to environmental pollutants and moisture. (Source: https://www.stratonelectricals.com/news/launch-of-outdoor-cycloaliphatic-cast-resin-instrument-transformers/) In December 2023, High Voltage Equipment (HVE) made a significant advancement in electrical infrastructure by introducing the first fluid-insulated metering instrument transformer designed for 11kV pole mounting. This innovative solution represents a major technological leap, offering numerous benefits such as enhanced safety, improved reliability, and reduced maintenance requirements compared to traditional air-insulated designs. The introduction of this cutting-edge technology is expected to have a profound impact on the electrical industry, paving the way for more efficient and reliable power distribution networks. (Source: https://whatswatt.actom.co.za/index.php/high-voltage-equipment/hve-launches-the-first-of-its-ester-fluid-insulated-instrument-transformers) In May 2022, Arteche and Hitachi Energy joined forces to establish a new joint venture company, Arteche Hitachi Energy Instrument Transformers S.L. This strategic partnership aims to leverage the combined strengths of both companies in the field of instrument transformers. Arteche, with its extensive expertise and manufacturing capabilities, holds a 51 per cent ownership stake in the joint venture. In comparison, Hitachi Energy contributes its advanced technologies and market reach with a 49 per cent ownership. The joint venture will focus on developing and manufacturing innovative instrument transformers, playing a crucial role in advancing the energy sector towards a more sustainable and efficient future. (Source: https://www.hitachienergy.com/in/en/news-and-events/press-releases/2022/05/hitachi-energy-and-arteche-new-joint-venture-in-gas-insulated-instrument-transformers-commences-operations)

Top Companies Market Share in Low Voltage Instrument Transformers Industry: (In no particular order of Rank)

• ABB
• ARTECHE
• Bharat Heavy Electricals Limited
• CG Power & Industrial Solutions Ltd.
• CHINT Group
• General Electric
• Končar Instrument Transformers Inc.
• Mitsubishi Electric Corporation
• NISSIN ELECTRIC Co.Ltd.
• Pfiffner Group
• Schneider Electric
• Siemens Energy
• WEG
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Regional Analysis of the Low Voltage Instrument Transformers Market

Which Region Dominates the Low Voltage Instrument Transformers Market in 2024?

According to Cognitive Market Research, North America currently dominates the Low Voltage Instrument Transformers market, and the region is expected to have significant growth during the projected period. This is due to the region's well-established infrastructure, with significant investments in power generation and distribution systems. Increased demand for renewable energy sources and the modernization of grid networks drive the adoption of advanced instrumentation. The presence of leading manufacturers, along with robust research and development activities, further boosts the market. Additionally, stringent safety and regulatory standards in North America push the demand for high-quality instrument transformers, reinforcing the region's market dominance

Which Region is Expanding at the Fastest CAGR?

Asia-Pacific is expected to make significant gains during the projected period, with the greatest compound annual growth rate (CAGR). This growth is driven by rapid industrialization, urbanization, and significant investments in energy infrastructure across countries like China, India, and Japan. The region's focus on renewable energy integration and smart grid technologies further accelerates the adoption of advanced instrument transformers. Additionally, supportive government policies and increasing energy consumption in residential and commercial sectors contribute to the market's expansion in Asia-Pacific.

The current report Scope analyzes Low Voltage Instrument Transformers Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only.

North America Low Voltage Instrument Transformers

According to Cognitive Market Research, the global Low Voltage Instrument Transformers market size was estimated at USD 4314.5 Million, out of which North America held the major market share of more than 40% of the global revenue with a market size of USD 1725.80 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.2% from 2024 to 2031.

• According to Cognitive Market Research, the US had a major share in the Low Voltage Instrument Transformers market with a market size of USD 1361.66 million in 2024 and is projected to grow at a CAGR of 5.0% during the forecast period. The US growth in Low Voltage Instrument Transformers is driven by infrastructure modernization and increasing demand for energy efficiency.
• The Canada Low Voltage Instrument Transformers market had a market share of USD 207.10 million in 2024 and is projected to grow at a CAGR of 6.0% during the forecast period. Canada's Growth in Low Voltage Instrument Transformers Driven by Infrastructure Expansion
• The Mexico Low Voltage Instrument Transformers market is projected to witness growth at a CAGR of 5.7% during the forecast period, with a market size of USD 157.05 million in 2024.

Europe Low Voltage Instrument Transformers

According to Cognitive Market Research, the global Low Voltage Instrument Transformers market size was estimated at USD 4314.5 Million, out of which Europe held the market share of more than 30% of the global revenue with a market size of USD 1294.35 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.5% from 2024 to 2031.

• The United Kingdom Low Voltage Instrument Transformers market had a market share of USD 217.45 million in 2024 and is projected to grow at a CAGR of 6.3% during the forecast period. In the UK, Low Voltage Instrument Transformers sales witness an upswing due to infrastructure upgrades and increasing energy demand.
• The France Low Voltage Instrument Transformers market is projected to witness growth at a CAGR of 4.7% during the forecast period, with a market size of USD 119.08 million in 2024.
• According to Cognitive Market Research, the German Low Voltage Instrument Transformers market size was valued at USD 256.28 million in 2024 and is projected to grow at a CAGR of 5.7% during the forecast period. In Germany, Low Voltage Instrument Transformers surged due to innovation.
• The Italy Low Voltage Instrument Transformers market is projected to witness growth at a CAGR of 4.9% during the forecast period, with a market size of USD 111.31 million in 2024.
• The Russia Low Voltage Instrument Transformers market is projected to witness growth at a CAGR of 4.5% during the forecast period, with a market size of USD 200.62 million in 2024.
• The Spain Low Voltage Instrument Transformers market is projected to witness growth at a CAGR of 4.6% during the forecast period with a market size of USD 106.14 million in 2024
• The Luxembourg Low Voltage Instrument Transformers market is projected to witness growth at a CAGR of 5.6% during the forecast period, with a market size of USD 40.12 million in 2024.
• The Portugal Low Voltage Instrument Transformers market is projected to witness growth at a CAGR of 5.3% during the forecast period, with a market size of USD 27.13 million in 2024.
• The Greece Low Voltage Instrument Transformers market is projected to witness growth at a CAGR of 5.8% during the forecast period, with a market size of USD 15.53 million in 2024.
• The Rest of Europe's Low Voltage Instrument Transformers market is projected to witness growth at a CAGR of 4.2% during the forecast period, with a market size of USD 200.62 million in 2024.

Asia Pacific Low Voltage Instrument Transformers

According to Cognitive Market Research, the global Low Voltage Instrument Transformers market size was estimated at USD 4314.5 Million, out of which Asia Pacific held the market share of around 23% of the global revenue with a market size of USD 992.34 million in 2024 and will grow at a compound annual growth rate (CAGR) of 9.0% from 2024 to 2031.

• According to Cognitive Market Research, the China Low Voltage Instrument Transformers market size was valued at USD 446.55 million in 2024 and is projected to grow at a CAGR of 8.5% during the forecast period. Low Voltage Instrument Transformers surged in China due to industrial expansion.
• The Japan Low Voltage Instrument Transformers market is projected to witness growth at a CAGR of 7.5% during the forecast period, with a market size of USD 136.94 million in 2024.
• The India Low Voltage Instrument Transformers market had a market share of USD 119.08 million in 2024 and is projected to grow at a CAGR of 10.8% during the forecast period. India's growth in Low Voltage Instrument Transformers is driven by industrial expansion .
• The South Korean Voltage Instrument Transformers market is projected to witness growth at a CAGR of 8.1% during the forecast period, with a market size of USD 99.23 million in 2024.
• The Australian Low Voltage Instrument Transformers market is projected to witness growth at a CAGR of 8.7% during the forecast period, with a market size of USD 51.60 million in 2024.
• The South East Asia Low Voltage Instrument Transformers market is projected to witness growth at a CAGR of 10.0% during the forecast period, with a market size of USD 68.47 million in 2024.
• The Rest of Asia Pacific Low Voltage Instrument Transformers market is projected to witness growth at a CAGR of 8.8% during the forecast period, with a market size of USD 70.46 million in 2024.

South America Low Voltage Instrument Transformers

According to Cognitive Market Research, the global Low Voltage Instrument Transformers market size was estimated at USD 4314.5 Million, out of which Latin America held the market share of around 5% of the global revenue with a market size of USD 215.73 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.4% from 2024 to 2031.

• According to Cognitive Market Research, the Brazil Low Voltage Instrument Transformers market size was valued at USD 92.33 million in 2024 and is projected to grow at a CAGR of 7.0% during the forecast period. Low Voltage Instrument Transformers flourished in Brazil due to industrialization.
• Argentina's Low Voltage Instrument Transformers market had a market share of USD 36.24 million in 2024 and is projected to grow at a CAGR of 7.3% during the forecast period. Argentina's growth in Low Voltage Instrument Transformers stems from industrial expansion.
• Colombia's Low Voltage Instrument Transformers market is projected to witness growth at a CAGR of 6.2% during the forecast period, with a market size of USD 19.20 million in 2024.
• Peru's Low Voltage Instrument Transformers market is projected to witness growth at a CAGR of 6.6% during the forecast period, with a market size of USD 17.69 million in 2024.
• Chile's Low Voltage Instrument Transformers market is projected to witness growth at a CAGR of 6.7% during the forecast period, with a market size of USD 15.53 million in 2024.
• The Rest of Latin America's Low Voltage Instrument Transformers market is projected to witness growth at a CAGR of 5.5% during the forecast period, with a market size of USD 34.73 million in 2024.

Middle East and Africa Low Voltage Instrument Transformers

According to Cognitive Market Research, the global Low Voltage Instrument Transformers market size was estimated at USD 4314.5 Million, out of which the Middle East and Africa held the major market share of around 2% of the global revenue with a market size of USD 86.29 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.7% from 2024 to 2031..

• The GCC Countries Low Voltage Instrument Transformers market is projected to witness growth at a CAGR of 7.5% during the forecast period, with a market size of USD 36.93 million in 2024. Low Voltage Instrument Transformers sales flourish due to industrial expansion, infrastructure development, and modernization.
• The Egypt Low Voltage Instrument Transformers market is projected to witness growth at a CAGR of 7.0% during the forecast period, with a market size of USD 9.06 million in 2024.
• The South Africa Low Voltage Instrument Transformers market is projected to witness growth at a CAGR of 7.7% during the forecast period, with a market size of USD 13.63 million in 2024. Low Voltage Instrument Transformers sales flourished in South Africa due to industrial expansion.
• The Turkey Low Voltage Instrument Transformers market is projected to witness growth at a CAGR of 6.2% during the forecast period, with a market size of USD 7.42 million in 2024.
• The Nigeria Low Voltage Instrument Transformers market is projected to witness growth at a CAGR of 5.8% during the forecast period, with a market size of USD 9.06 million in 2024.
• The Rest of the MEA Low Voltage Instrument Transformers market is projected to witness growth at a CAGR of 5.7% during the forecast period, with a market size of USD 10.18 million in 2024.

Low Voltage Instrument Transformers Market Analysis

How are Segments Performing in the Global Low Voltage Instrument Transformers Market?

Low Voltage Instrument Transformers Market Product Segment Analysis

According to Cognitive Market Research, Low Voltage (LV) Current Instrument Transformers are the fastest-growing segment in the Low Voltage Instrument Transformers market due to their increasing demand in industrial and commercial applications. These transformers are essential for measuring and monitoring electrical currents, providing accurate data for energy management and protection systems. The rapid adoption of automation and smart grid technologies, along with the expansion of renewable energy projects, is driving the need for efficient current measurement solutions. LV Current Instrument Transformers offer cost-effective, compact, and reliable solutions, making them ideal for low-voltage distribution networks, contributing to their strong growth in the market.

Low Voltage (LV) Voltage Instrument Transformers are dominating the Low Voltage Instrument Transformers Market due to their ability to provide accurate voltage measurement and protection at a relatively low cost. These transformers are widely used in commercial and industrial applications where voltage regulation and safety are essential. LV voltage transformers offer high reliability and compact design and are easy to integrate with existing electrical systems. Their growing demand is driven by the increasing adoption of automation and control systems, as well as the need for precise monitoring in low-voltage networks, contributing to their significant market share in the industry.

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Low Voltage Instrument Transformers Industry. Request a Free Sample PDF!

Low Voltage Instrument Transformers Market Application Segment Analysis

According to Cognitive Market Research, The protection application is driving the fastest growth in the Low Voltage Instrument Transformers (LVIT) market due to increasing demand for reliable power distribution and grid protection systems. LVITs are essential in ensuring the safety and efficiency of electrical systems by providing accurate voltage and current measurements. With the rising adoption of renewable energy, smart grids, and industrial automation, the need for protection solutions to prevent faults and ensure stability is growing rapidly. This growth is particularly evident in emerging markets, where grid expansion and modernization initiatives are increasing, further boosting the demand for LVITs in protection applications.

In the Low Voltage Instrument Transformers Market, Metering applications dominate the Low Voltage Instrument Transformers market due to their critical role in energy management and billing accuracy. These transformers are essential for measuring electricity consumption in residential, commercial, and industrial settings. They provide accurate voltage and current measurements, ensuring precise data for billing and monitoring. With increasing demand for efficient energy usage, smart grids, and advanced metering infrastructure, low-voltage instrument transformers are becoming vital in modern energy systems. This growing need for accurate metering solutions drives market expansion, as they are key in optimizing energy distribution and consumption monitoring in various sectors.

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Low Voltage Instrument Transformers Enclosure Type Outlook: Segment Analysis

Low Voltage Instrument Transformers Market Enclosure Type Segment Analysis

According to Cognitive Market Research, The indoor segment is the fastest-growing in the Low Voltage Instrument Transformers market due to the increasing demand for compact and reliable equipment in urban environments. These transformers are ideal for applications in buildings, industrial plants, and substations where space is limited and environmental factors are controlled. Their ability to operate efficiently in confined spaces while ensuring safety and accuracy in electrical measurements drives growth. Additionally, the rising adoption of smart grids and automation in urban areas, along with energy efficiency mandates, further boosts the demand for indoor low-voltage instrument transformers.

In the Low Voltage Instrument Transformers market, the rapidly growing sector, The outdoor segment dominates the Low Voltage Instrument Transformers market due to its widespread application in outdoor electrical installations, such as power substations, transmission lines, and distribution networks. These transformers are designed to withstand harsh environmental conditions, including extreme weather, humidity, and temperature fluctuations, making them ideal for outdoor use. Additionally, outdoor transformers typically require less maintenance and offer long-term reliability in various industrial and commercial settings. The growing demand for infrastructure development, renewable energy projects, and smart grids further drives the outdoor segment's dominance, as they are crucial for ensuring efficient energy distribution and monitoring.

• Indoor
• Outdoor

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Kalyani Raje

Senior Research Analyst at Cognitive Market Research

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An optimistic Senior Research Analyst with years of experience in competitive assessment and business consulting. A seasoned professional and subject-matter expert (SME) in the Automobile and transportation vertical.

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