PUBLISHER: Allied Market Research | PRODUCT CODE: 1179684
PUBLISHER: Allied Market Research | PRODUCT CODE: 1179684
The global current transducer market was valued at $520.0 million in 2021, and is projected to reach $799.2 million by 2031, growing at a CAGR of 4.5% from 2022 to 2031.
Current transducer is a device that helps in converting current into proportional industrial standards of an electrical signal. Current transducers possess various properties, such as it is linear, dimensionally stable, and maintaining the accuracy of the system owing to its widespread functionalities it is used in automotive, electrical components, transportation, aerospace, building & construction, and other end user sectors.
For the purpose of analysis, the reporting segments of the global current transducer market are based on technology, application, end user, and region. On the basis of technology, the market is categorized into open loop and closed loop. On the basis of application, it is divided into motor drive, battery management, UPS & SMPS , converter & inverter, and others. By end user, it is divided into industrial, renewable, automotive, residential & commercial, and others. Region-wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA.
The growth drivers, restraints, and opportunities are explained in the report to better understand the market dynamics. This report further highlights the key areas of investment. In addition, it includes Porter's five forces analysis to understand the competitive scenario of the industry and role of each stakeholder. The report features the strategies adopted by key market players to maintain their foothold in the market. Furthermore, it highlights the competitive landscape of the key players to increase their market share and sustain intense competition in the industry.
Key players operating in the global current transducer market are ABB, Ltd., American Aerospace Control, Adtek Electronics Co., Ltd, CR Magnetics, Inc., Danisense, General Electric, Intermountain Electric, Inc., Johnson Controls, LEM, NK Technologies., Phoenix Contact, Siemens, Topstek Inc., Texas Instruments Incorporated, and Veris.
Key Benefits For Stakeholders
By Technology
By Application
By End User
By Region