North America Instrument Transformers Market 2034 - Key Facts

North America Instrument Transformers Market 2034 – Key Market Insights
Key Market Question	Answer
What is the market size in 2025?	Revenue (USD Million)
What is the projected market size by 2035?	$2,340 Million
What is the market CAGR from 2025 to 2035?	4.9%
Which region dominates the market?	United States (65%)
Which product/service type dominates the market?	Current Transformers (45%)
Which application leads the market?	Power Utilities (52%)
Who are the major buyers?	Utilities (55%), Industrial (28%)
What are the key market growth drivers?	Accelerated investments in power infrastructure and grid modernization projects; Growing adoption of renewable energy sources and electrification is requiring advanced current and voltage measurement solutions
What are the major market challenges?	Complexities in integrating digital instrument transformers with legacy infrastructure and varied regulatory standards across North American regions can slow adoption; Supply chain disruptions and component shortages are causing lead time extensions and cost pressures for manufacturers
What is the forecast period?