MARKET OVERVIEW
Fiber Optical Current Transformers (FOCT) use optical fibers to measure high-voltage currents with greater accuracy, safety, and insulation compared to conventional CTs. They’re widely used in modern power systems, especially in converter stations.
MARKET SIZE & GROWTH
• The global Fiber Optical Current Transformer (FOCT) Market was valued at $160 million in 2024.
• It is projected to reach $396 million by 2031.
• The market is expected to grow at a CAGR of 14.2% during the forecast period.
