Optical Current Transformer Market: Increasing demand for high voltage Devices in the transmission

Global Optical Current Transformer Market size was valued at USD 35.86 Mn. in 2023 and is expected to reach USD 62.26 Mn. by 2030, at a CAGR of 8.2%.
Optical Current Transformer Market Overview

Optical Current transformer is an alternative to the existing conventional current transformer. It provides an advanced measurement solution for metering as well as protection applications on the basis of cutting-edge patented optical sensing technology. An optical Current Transformer is a sensor that directly or indirectly uses optical sensing methods for measuring electric currents. Optical Current Transformer has no electromagnetic interference and high electrical solutions. They are used to measure polarization rotation due to the Faraday Effect. The bottom-up approach was used to estimate the Optical Current Transformer market size. The market revenue is determined by the primary and secondary data collection methods. The market report focuses on the drivers, challenges and major restraints of the Optical Current Transformer industry.