Market Overview:
The global residual current transformer (RCT) market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for RCTs from process industries, power transmission, and railways applications. Additionally, the growing awareness about safety and security among consumers is also propelling the growth of this market. Based on type, the circular type segment is expected to hold a major share of the global RCT market during the forecast period. This can be attributed to its high efficiency and low cost as compared to other types of RCTs.
 Industry Outlook.svg)
Product Definition:
A residual current transformer (RCT) is a device used to detect and measure the leakage current of an electrical system. The RCT is placed in series with the load, and the leakage current flows through the RCT's primary winding. The secondary winding of the RCT produces a voltage proportional to the amount of leakage current flowing through it. This voltage can be measured and used to calculate the amount of leakage current in amperes.
Circular Ttpe:
Circular ttpe is a type of secondary/backup power supply that uses a single-phase AC input and can provide output in the range of 24V. It has an advantage over linear ttpe as it provides more flexibility when used with multiple devices. The major application areas include telecom base stations, telecommunication tower equipment, UPS (uninterruptible power supply), security systems, medical equipment and other industrial applications such as printing & copier machines.
Rectangle Type:
A rectangle type is a current transformer with an insulated backplate and without any internal cross-connection. It is mainly used in residual current transformer (RCT) applications where the primary and secondary windings are mounted in a single, common frame as shown in the figure below.
The advantages of using this type include low cost, easy installation, and good mechanical stability.
Application Insights:
Based on the application, the global residual current transformer market has been segmented into process industries, power transmission, residential, railways and others. The power transmission segment dominated the overall market in terms of revenue in 2017. This is attributed to growing demand for high-voltage direct current (HVDC) transformers from countries such as China and India owing to increased investment in various infrastructure projects.
The railway industry uses DC traction systems with a frequency of 50 Hz that provides consistent electric supply across the track network. Frequency stability allows efficient operations along with improved passenger safety due to lack of human errors caused due to changes in electrical supply frequency during peak hours or while operating trains at night time. Thus RCTs are widely used by railway authorities worldwide as they offer enhanced performance over conventional transformers for reliable rail transport services at an affordable cost.
Residential applications accounted for a significant share within railways & transportation segments owing to rising demand from developing economies such as China.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market with a CAGR of XX% from 2018 to 2030 owing to increasing demand for electricity in emerging economies, such as China and India. The growing manufacturing sector in these countries coupled with the expansion of railway network is anticipated to drive the product demand over the forecast period.
Europe was valued at USD X million in 2017 owing to high R&D investments by key companies along with their efforts toward innovation of products suitable for different applications are expected drive regional growth over next eight years.
Growth Factors:
- Increasing demand for energy efficient solutions: The global market for residual current transformer is expected to grow at a CAGR of more than 5% from 2016 to 2024, owing to the increasing demand for energy efficient solutions across the globe.
- Growing awareness about safety and security: There is a growing awareness among consumers about safety and security, which is driving the demand for residual current transformer products.
- Rising investments in smart grid infrastructure: The rising investments in smart grid infrastructure are expected to drive the growth of the global residual current transformer market during the forecast period.
- Technological advancements: Residual current transformer manufacturers are focusing on developing innovative technologies that can help reduce power losses and improve efficiency levels. This is likely to boost the growth of this market in coming years.
Scope Of The Report
Report Attributes
Report Details
Report Title
Residual Current Transformer (RCT) Market Research Report
By Type
Circular Ttpe, Rectangle Type, Open Type
By Application
Process Industries, Power Transmission, Residential, Railways, Other
By Companies
Doepke, Bender, Janitza electronics, Siemens, DOLD, Harting Technology, Tianjin Carel Tech, Zhikai Electric, Shenzhen Fanhai Sanjiang Electronics, Jinan Bojing Electronics Technology, Doepke
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
176
Number of Tables & Figures
124
Customization Available
Yes, the report can be customized as per your need.
Global Residual Current Transformer (RCT) Market Report Segments:
The global Residual Current Transformer (RCT) market is segmented on the basis of:
Types
Circular Ttpe, Rectangle Type, Open Type
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Process Industries, Power Transmission, Residential, Railways, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Doepke
- Bender
- Janitza electronics
- Siemens
- DOLD
- Harting Technology
- Tianjin Carel Tech
- Zhikai Electric
- Shenzhen Fanhai Sanjiang Electronics
- Jinan Bojing Electronics Technology
- Doepke
 Market Overview.svg)
Highlights of The Residual Current Transformer (RCT) Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Circular Ttpe
- Rectangle Type
- Open Type
- By Application:
- Process Industries
- Power Transmission
- Residential
- Railways
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Residual Current Transformer (RCT) Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
 Market Statistics.svg)
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A residual current transformer (RCT) is a device used to reduce the amount of electricity that remains in an electrical circuit after a power supply has been turned off.
Some of the key players operating in the residual current transformer (rct) market are Doepke, Bender, Janitza electronics, Siemens, DOLD, Harting Technology, Tianjin Carel Tech, Zhikai Electric, Shenzhen Fanhai Sanjiang Electronics, Jinan Bojing Electronics Technology, Doepke.
The residual current transformer (rct) market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Residual Current Transformer (RCT) Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Residual Current Transformer (RCT) Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Residual Current Transformer (RCT) Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Residual Current Transformer (RCT) Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Residual Current Transformer (RCT) Market Size & Forecast, 2018-2028
4.5.1 Residual Current Transformer (RCT) Market Size and Y-o-Y Growth
4.5.2 Residual Current Transformer (RCT) Market Absolute $ Opportunity
Chapter 5 Global Residual Current Transformer (RCT) Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Residual Current Transformer (RCT) Market Size Forecast by Type
5.2.1 Circular Ttpe
5.2.2 Rectangle Type
5.2.3 Open Type
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Residual Current Transformer (RCT) Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Residual Current Transformer (RCT) Market Size Forecast by Applications
6.2.1 Process Industries
6.2.2 Power Transmission
6.2.3 Residential
6.2.4 Railways
6.2.5 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Residual Current Transformer (RCT) Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Residual Current Transformer (RCT) Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Residual Current Transformer (RCT) Analysis and Forecast
9.1 Introduction
9.2 North America Residual Current Transformer (RCT) Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Residual Current Transformer (RCT) Market Size Forecast by Type
9.6.1 Circular Ttpe
9.6.2 Rectangle Type
9.6.3 Open Type
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Residual Current Transformer (RCT) Market Size Forecast by Applications
9.10.1 Process Industries
9.10.2 Power Transmission
9.10.3 Residential
9.10.4 Railways
9.10.5 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Residual Current Transformer (RCT) Analysis and Forecast
10.1 Introduction
10.2 Europe Residual Current Transformer (RCT) Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Residual Current Transformer (RCT) Market Size Forecast by Type
10.6.1 Circular Ttpe
10.6.2 Rectangle Type
10.6.3 Open Type
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Residual Current Transformer (RCT) Market Size Forecast by Applications
10.10.1 Process Industries
10.10.2 Power Transmission
10.10.3 Residential
10.10.4 Railways
10.10.5 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Residual Current Transformer (RCT) Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Residual Current Transformer (RCT) Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Residual Current Transformer (RCT) Market Size Forecast by Type
11.6.1 Circular Ttpe
11.6.2 Rectangle Type
11.6.3 Open Type
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Residual Current Transformer (RCT) Market Size Forecast by Applications
11.10.1 Process Industries
11.10.2 Power Transmission
11.10.3 Residential
11.10.4 Railways
11.10.5 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Residual Current Transformer (RCT) Analysis and Forecast
12.1 Introduction
12.2 Latin America Residual Current Transformer (RCT) Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Residual Current Transformer (RCT) Market Size Forecast by Type
12.6.1 Circular Ttpe
12.6.2 Rectangle Type
12.6.3 Open Type
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Residual Current Transformer (RCT) Market Size Forecast by Applications
12.10.1 Process Industries
12.10.2 Power Transmission
12.10.3 Residential
12.10.4 Railways
12.10.5 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Residual Current Transformer (RCT) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Residual Current Transformer (RCT) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Residual Current Transformer (RCT) Market Size Forecast by Type
13.6.1 Circular Ttpe
13.6.2 Rectangle Type
13.6.3 Open Type
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Residual Current Transformer (RCT) Market Size Forecast by Applications
13.10.1 Process Industries
13.10.2 Power Transmission
13.10.3 Residential
13.10.4 Railways
13.10.5 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Residual Current Transformer (RCT) Market: Competitive Dashboard
14.2 Global Residual Current Transformer (RCT) Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Doepke
14.3.2 Bender
14.3.3 Janitza electronics
14.3.4 Siemens
14.3.5 DOLD
14.3.6 Harting Technology
14.3.7 Tianjin Carel Tech
14.3.8 Zhikai Electric
14.3.9 Shenzhen Fanhai Sanjiang Electronics
14.3.10 Jinan Bojing Electronics Technology
14.3.11 Doepke
