Taiwan Combined Current/voltage Transformer Market Size, Share, Trends and Forecasts 2031

Key Findings

• The Taiwan Combined Current/Voltage Transformer Market is witnessing strong growth due to the increasing demand for space-saving and multifunctional transformer solutions in substations.

• Rising integration of smart grid technologies and digital substations is accelerating adoption of combined transformers across Taiwan.

• The surge in renewable energy generation and grid interconnections is driving demand for high-accuracy measurement and protection systems.

• Ongoing transmission and distribution infrastructure modernization programs are creating consistent installation opportunities.

• Technological advancements in insulation materials, sensor integration, and compact design are improving efficiency and reliability.

• Utilities and industrial users are shifting toward combined transformers to reduce maintenance costs and enhance operational flexibility.

• Government-backed energy efficiency and electrification initiatives are propelling the regional market growth.

• Local manufacturers and technology partnerships are fostering innovation and supply chain stability in Taiwan.

Taiwan Combined Current/Voltage Transformer Market Size and Forecast

The Taiwan Combined Current/Voltage Transformer Market is projected to grow from USD 390 million in 2025 to USD 725 million by 2031, at a CAGR of 10.6% during the forecast period. The market expansion is driven by grid automation, growing renewable capacity, and the push for compact, reliable, and high-performance electrical equipment. Combined transformers—integrating current and voltage measurement in a single unit—help optimize substation space and reduce installation costs. With the rise in power generation capacity and modernization of aging infrastructure, utilities in Taiwan are increasingly adopting these multifunctional devices. Additionally, innovations in digital monitoring, smart sensors, and fiber-optic measurement technology are improving transformer accuracy and fault detection capabilities, reinforcing their role in next-generation substations.

Introduction

Combined current/voltage transformers (CCVTs) serve dual functions by measuring both current and voltage within one integrated unit, reducing space and cost while ensuring accuracy and safety in power systems. In Taiwan, increasing power demand, smart grid development, and renewable energy integration have heightened the importance of compact and efficient solutions like CCVTs. These transformers are essential for metering, protection, and monitoring in medium- and high-voltage networks. The growing need for digital substations with reduced maintenance requirements is driving innovation in solid insulation, digital sensors, and hybrid construction. As energy networks evolve toward decentralization and automation, the adoption of CCVTs will play a critical role in improving grid reliability and operational efficiency.

Future Outlook

By 2031, the Taiwan Combined Current/Voltage Transformer Market is expected to advance rapidly, supported by growing infrastructure modernization, digital transformation, and renewable power expansion. The adoption of IEC 61850-compliant devices and integration of digital interfaces for real-time monitoring will shape market evolution. Manufacturers will continue to focus on high-precision, compact, and eco-friendly designs optimized for digital substations and modular switchgear. The development of optical and Rogowski coil-based sensors will further improve measurement accuracy and reduce electromagnetic interference. As Taiwan continues investing in sustainable power transmission systems, the combined transformer segment will become a cornerstone of modern grid architecture, balancing efficiency, safety, and cost-effectiveness.

Taiwan Combined Current/Voltage Transformer Market Trends

• Growing Demand for Digital and Smart Substations
  The transition toward digital substations is revolutionizing grid infrastructure across Taiwan. Combined current/voltage transformers are key components in such environments, offering compact design and multifunctional capabilities that reduce equipment footprint. Integration with smart sensors and digital communication interfaces allows real-time data transmission and predictive maintenance. As utilities adopt IEC 61850 communication standards, CCVTs play a critical role in enhancing protection and control systems. The ongoing digitalization trend is expected to sustain strong demand for CCVTs across transmission and distribution networks.

• Advancements in Compact and Modular Transformer Designs
  Manufacturers are increasingly developing compact and modular combined transformers suitable for limited-space installations. In Taiwan, substations in urban or industrial environments benefit from CCVTs’ space-saving design and simplified wiring. New designs focus on improving insulation performance, mechanical strength, and resistance to environmental stress. Modular construction enhances ease of maintenance and scalability. The push for smaller, high-performance electrical devices will continue to drive product innovation in this segment.

• Integration with Renewable and Distributed Power Systems
  The rise of solar, wind, and distributed power generation systems in Taiwan has created a growing need for accurate and stable measurement solutions. Combined transformers ensure reliable monitoring of voltage and current in hybrid networks and microgrids. These devices are vital for synchronizing renewable power sources with main grids and preventing overload conditions. The expansion of distributed energy projects across Taiwan reinforces the demand for efficient, adaptable CCVTs capable of operating under dynamic grid conditions.

• Adoption of Fiber-Optic and Electronic Sensing Technologies
  The integration of fiber-optic sensors and electronic measurement systems is transforming the performance of combined transformers. In Taiwan, utilities are adopting optical CCVTs to achieve higher accuracy, enhanced safety, and immunity to electromagnetic interference. These systems enable real-time monitoring and are compatible with intelligent electronic devices (IEDs). The shift toward digital measurement technology aligns with smart grid objectives and will define the next generation of CCVTs.

• Increasing Focus on Maintenance-Free and Eco-Friendly Equipment
  Environmental sustainability and cost-efficiency are driving utilities to prefer maintenance-free CCVTs with low environmental impact. Manufacturers in Taiwan are developing oil-free, gas-insulated, and dry-type designs to eliminate leakage risks and improve lifespan. These eco-friendly products reduce operational costs and support green grid initiatives. Adoption of recyclable materials and low-loss magnetic cores further enhances sustainability in power infrastructure.

Market Growth Drivers

• Expanding Grid Modernization and Transmission Infrastructure Projects
  Governments and utilities in Taiwan are investing heavily in modernizing existing power transmission networks. Combined current/voltage transformers are increasingly being installed to support efficient monitoring and control functions in substations. Their dual-purpose design simplifies installations, reduces maintenance requirements, and enhances reliability. The widespread push for grid modernization ensures continuous market growth across the region.

• Increasing Penetration of Renewable Energy Sources
  As renewable energy generation accelerates in Taiwan, the need for stable and precise measurement solutions becomes critical. CCVTs enable seamless integration of renewable power into the grid by providing accurate data for load balancing and system protection. Their capability to handle variable voltage and current levels makes them ideal for hybrid energy systems. The renewable energy transition will remain a fundamental growth catalyst.

• Government Support for Smart Grid Development
  National initiatives in Taiwan promoting smart grid development and digital substation deployment are driving market expansion. Combined transformers are essential in achieving efficient automation, fault management, and data-driven grid control. Government programs focused on grid efficiency, loss reduction, and technology localization are accelerating product adoption. This policy-driven growth ensures long-term infrastructure stability and innovation.

• Technological Innovations in Design and Functionality
  Innovations such as compact cores, advanced epoxy insulation, and digital data output interfaces are enhancing CCVT performance. Manufacturers in Taiwan are investing in R&D to improve product accuracy, reduce material usage, and enhance environmental resistance. Integration with SCADA and IoT platforms further extends monitoring capabilities. The constant pace of innovation ensures that CCVTs remain integral to future-ready electrical networks.

• Rising Industrialization and Urban Electrification
  Expanding industrial zones and urban infrastructure in Taiwan are creating substantial demand for reliable and compact transformer solutions. Combined transformers are being widely deployed in manufacturing plants, commercial complexes, and public utility networks. Their versatility in supporting protection and metering functions simultaneously makes them cost-effective for large-scale electrical installations. Industrial electrification continues to strengthen the regional market base.

Challenges in the Market

• High Cost of Advanced Combined Transformer Systems
  Despite their functional advantages, combined current/voltage transformers involve high manufacturing and installation costs. In Taiwan, smaller utilities often face financial constraints in upgrading to digital and optical models. The high initial cost compared to traditional single-function transformers can slow adoption, particularly in cost-sensitive segments. Balancing affordability and performance remains a challenge for manufacturers and buyers alike.

• Complex Design and Calibration Requirements
  The integrated nature of CCVTs demands high precision in design, calibration, and testing to ensure measurement accuracy. In Taiwan, local testing facilities and skilled technicians capable of handling these complex systems are limited. Calibration errors can compromise system safety and data reliability. Standardizing testing protocols and improving workforce training are essential to address this challenge.

• Raw Material Price Volatility and Supply Chain Constraints
  The production of CCVTs relies on high-quality magnetic materials, copper, and insulation compounds. Fluctuating prices and global supply disruptions impact cost structures and production timelines. In Taiwan, import dependencies on specialized materials further exacerbate supply chain instability. Establishing regional manufacturing hubs and material sourcing diversification could mitigate this risk over time.

• Compatibility Issues with Legacy Infrastructure
  Integrating advanced CCVTs into existing substations can be difficult due to outdated communication protocols and mechanical configurations. In Taiwan, several transmission networks still operate using conventional measurement equipment. Upgrading these systems requires additional converters and retrofitting, increasing overall project costs. Addressing backward compatibility through hybrid solutions is key to accelerating adoption.

• Regulatory and Standardization Barriers
  The lack of harmonized technical standards for combined transformer testing, certification, and installation creates market entry challenges. In Taiwan, regional differences in grid specifications and voltage classes complicate product standardization. Developing unified regulatory frameworks and certification schemes can streamline approvals and boost market efficiency.

Taiwan Combined Current/Voltage Transformer Market Segmentation

By Type

• Electromagnetic Combined Transformers

• Electronic (Optical) Combined Transformers

By Voltage Level

• Medium Voltage

• High Voltage

• Extra-High Voltage

By Application

• Transmission and Distribution

• Industrial Power Systems

• Renewable Energy Integration

• Railway and Metro Networks

• Others

By End-User

• Utilities

• Industrial

• Commercial

• Infrastructure

Leading Key Players

• ABB Ltd.

• Siemens Energy

• Schneider Electric

• General Electric Company

• Mitsubishi Electric Corporation

• CG Power and Industrial Solutions Ltd.

• Toshiba Energy Systems & Solutions Corporation

• Bharat Heavy Electricals Limited (BHEL)

• Arteche Group

• Hyosung Heavy Industries

Recent Developments

• ABB Ltd. launched a new line of digital-ready combined current/voltage transformers in Taiwan with enhanced monitoring capabilities for smart grids.

• Siemens Energy partnered with a major utility in Taiwan to deploy compact CCVTs as part of a substation automation project.

• Schneider Electric introduced eco-efficient combined transformer models in Taiwan that reduce maintenance costs and energy losses.

• Mitsubishi Electric Corporation expanded its regional R&D center in Taiwan to develop high-accuracy CCVTs using optical sensing technologies.

• CG Power and Industrial Solutions Ltd. secured large-scale contracts in Taiwan for supplying CCVTs to renewable energy transmission networks.

This Market Report Will Answer the Following Questions

1. What is the projected market size and growth rate of the Taiwan Combined Current/Voltage Transformer Market by 2031?

2. Which voltage levels and applications are expected to dominate market demand in Taiwan?

3. How are smart grid technologies and renewable integration influencing CCVT adoption?

4. What challenges do manufacturers face in terms of cost, design complexity, and standardization?

5. Who are the key companies driving technological advancement and innovation in the Taiwan Combined Current/Voltage Transformer Market?