The global Oil Immersed Current Transformer market was valued at USD 1,893 million in 2024 and is projected to grow at a CAGR of 6.12% to reach USD 3,044.3 million by 2032. The growth is driven by the expansion of high voltage infrastructure and the demand for reliable current measurement in transmission and distribution systems. Utilities favor oil-based systems for their stability and long service life, despite facing environmental and safety concerns.
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