Rising electricity demand is driving grid expansion and modernization. Utilities are investing in high-voltage transmission to enhance reliability and support renewable energy integration. This growth increases the need for high-power voltage instrument transformers for accurate measurement and protection. These transformers ensure efficient power transmission across high-voltage networks. Expanding infrastructure projects will continue to fuel market demand.
Data Bridge Market Research analyses that the U.S. High Voltage Instrument Transformer Market is expected to reach USD 2.76 billion by 2032 from USD 1.51 billion in 2024, growing with a CAGR of 7.9% in the forecast period of 2025 to 2032.
Key Findings of the Study
Government Investments in Smart Grid Modernization
Grid resilience projects, undergrounding power lines, and advanced transmission infrastructure are key drivers for the U.S. High Power Voltage Instrument Transformers Market. These initiatives enhance grid efficiency, enable renewable energy integration, and require precise voltage monitoring, increasing demand for high-performance transformers. With the push for grid reliability and expansion, the market is set for steady growth, driven by the need for advanced measurement and protection solutions in an evolving energy landscape.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2025 to 2032
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Base Year
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2024
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Historic Years
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2023 (Customizable from 2013-2017)
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Quantitative Units
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Revenue in USD Billion
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Segments Covered
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Type (Current Transformers (CT), Potential Transformers (PT), and Combined Instrument Transformers), Voltage Rating (Upto 66 KV, 66 – 132 KV, 132 – 220 KV, 220 – 330 KV, 330 – 765 KV, and Above 765 KV), Dielectric Insulation (Oil-Immersed Transformers, SF6 Gas-Insulated Transformers, Dry-Type Transformers), End Use (Power Utilities, Oil & Gas, Manufacturing, Railways, Renewable Energy, Data Centers & IT Infrastructure, and Others)
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Countries Covered
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U.S.
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Market Players Covered
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ABB (Switerland), GE Grid Solutions, LLC (A part of GE Vernova Company) (Japan), Trench Group (U.S.), NISSIN ELECTRIC Co., Ltd.(Japan), Hubbell (U.S.), Hitachi, Ltd. (Japan), Mitsubishi Electric Corporation (U.S.), ARTECHE (U.S.), Agile Magnetics (U.S.), RITZ U.S. (U.S.), KONČAR d.d. (U.S.), and Pfiffner Group (U.S.) among others
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Data Points Covered in the Report
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In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
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Segment Analysis
The U.S. high voltage instrument transformer market is segmented into five notable segments based on the type, voltage rating, dielectric insulation, and end-use.
- On the basis of type, the U.S. high voltage instrument transformer market is segmented into Current Transformers (CT), Potential Transformers (PT), and Combined Instrument Transformers
In 2025, Current Transformers (CT) segment is expected to dominates the U.S. high voltage instrument transformer market
In 2025, Current Transformers (CT) segment is expected to dominate the market with the market share of 43.71% due to the growing demand for efficient and accurate power measurement, grid stability, and safety in high-voltage applications.
- On the basis of voltage rating, the U.S. high voltage instrument transformer market is segmented into upto 66 KV, 66 – 132 KV, 132 – 220 KV, 220 – 330 KV, 330 – 765 KV, and above 765 KV
In 2025, upto 66 KV segment is expected to dominates the U.S. high voltage instrument transformer market
In 2025, upto 66 KV segment is expected to dominate the market with a 42.39% market share due to the rising demand for power distribution infrastructure in urban and industrial areas.
- On the basis of dielectric insulation, the U.S. high voltage instrument transformer market is segmented into oil-immersed transformers, SF6 gas-insulated transformers, and dry-type transformers. In 2025, the oil-immersed transformer segment is expected to dominate the market with a 55.31% market share
- On the basis of end-use, the U.S. high voltage instrument transformer market is segmented into power utilities, oil & gas, manufacturing, railways, renewable energy, data centers & IT infrastructure, and others. In 2025, the power utilities segment is expected to dominate the market with a 41.86% market share
Major Players
Data Bridge Market Research analyzes ABB (Switzerland), GE Grid Solutions, LLC (A part of GE Vernova Company) (Japan), Trench Group (U.S.), NISSIN ELECTRIC Co., Ltd. (Japan), Hubbell (U.S.) are the major companies operating in this market.
Market Developments
- In September 2024, Nissin Electric Co., Ltd. and Tata Power-DDL are partnering on a micro substation project using Power Voltage Transformer (PVT) technology to enhance electricity stability and affordability in remote areas of India. This collaboration enables Nissin Electric to demonstrate its advanced PVT solutions, strengthening its position in the high-power voltage instrument transformer market
- In September 2024, Hubbell Incorporated has acquired Systems Control, a key manufacturer of substation control and relay panels, through a USD 600 million financing mix of term loans, cash, and commercial paper. This acquisition enhances Hubbell’s position in high power voltage instrument transformers by expanding its substation control solutions, bolstering grid reliability, and strengthening its role in critical power infrastructure
- In January 2019, Agile Magnetics is acquired by Standex International for USD 39 million, boosting its position in the high-reliability magnetics market and expanding its Northeast USA manufacturing footprint. The deal gives Agile access to Standex’s global resources, enhancing its capabilities in High Power Voltage Instrument Transformers, strengthening customer partnerships, optimizing the supply chain, and increasing competitiveness in high-growth markets
- In February 2025, Arteche Group has launched the URNR-TR-36, a VFTO-resistant dry-type outdoor voltage transformer designed for durability and reliability in extreme conditions. This innovation strengthens Arteche’s position in high-power voltage instrument transformers, enhancing credibility, expanding market reach, and reinforcing its expertise in VFTO-resistant technology
- In April 2024, Hitachi Energy is investing over USD 1.5 billion to expand global transformer manufacturing by 2027, including a USD 180 million facility in Finland. This enhances production capacity, strengthens market leadership, and meets growing demand for high power voltage instrument transformers while advancing digitalization, sustainability, and innovation
As per Data Bridge Market Research analysis:
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