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Current Transducer Market By Technology, By Application, By End User: Global Opportunity Analysis and Industry Forecast, 2021-2031

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    Report

  • 292 Pages
  • September 2022
  • Region: Global
  • Allied Market Research
  • ID: 5712987
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

  • This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the current transducer market analysis from 2021 to 2031 to identify the prevailing current transducer market opportunities.
  • The market research is offered along with information related to key drivers, restraints, and opportunities.
  • Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
  • In-depth analysis of the current transducer market segmentation assists to determine the prevailing market opportunities.
  • Major countries in each region are mapped according to their revenue contribution to the global market.
  • Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
  • The report includes the analysis of the regional as well as global current transducer market trends, key players, market segments, application areas, and market growth strategies.

Key Market Segments

By Technology

  • Open Loop
  • Closed Loop

By Application

  • Inverter and converter
  • UPS and SMPS
  • Battery Management
  • Motor Drive
  • Others

By End User

  • Industrial
  • Renewable
  • Automotive
  • Residential and Commercial
  • Others

By Region

  • North America
  • U.S.
  • Canada
  • Mexico
  • Europe
  • Germany
  • Italy
  • UK
  • Spain
  • France
  • Rest Of Europe
  • Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest Of Asia-Pacific
  • LAMEA
  • Brazil
  • Saudi Arabia
  • South Africa
  • Rest Of LAMEA

Key Market Players

  • ABB
  • Phoenix Contact
  • Texas Instruments Inc.
  • Johnson Control Inc
  • Topstek Inc
  • veris industries
  • NK Technologies
  • CR Magnetic,
  • Siemens AG
  • Hobart
Frequently Asked Questions about the Global Current Transducer Market

What is the estimated value of the Global Current Transducer Market?

The Global Current Transducer Market was estimated to be valued at $520 million in 2021.

What is the growth rate of the Global Current Transducer Market?

The growth rate of the Global Current Transducer Market is 4.4%, with an estimated value of $799.2 million by 2031.

What is the forecasted size of the Global Current Transducer Market?

The Global Current Transducer Market is estimated to be worth $799.2 million by 2031.

Who are the key companies in the Global Current Transducer Market?

Key companies in the Global Current Transducer Market include ABB, Phoenix Contact, Texas Instruments Inc., Johnson Control Inc, Topstek Inc, veris industries, NK Technologies, CR Magnetic, and Hobart.

Table of Contents

CHAPTER 1: INTRODUCTION
1.1. Report description
1.2. Key market segments
1.3. Key benefits to the stakeholders
1.4. Research Methodology
1.4.1. Secondary research
1.4.2. Primary research
1.4.3. Analyst tools and models

CHAPTER 2: EXECUTIVE SUMMARY
2.1. Key findings of the study
2.2. CXO Perspective

CHAPTER 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Key findings
3.2.1. Top investment pockets
3.3. Porter’s five forces analysis
3.4. Top player positioning
3.5. Market dynamics
3.5.1. Drivers
3.5.2. Restraints
3.5.3. Opportunities
3.6. COVID-19 Impact Analysis on the market
3.7. Key Regulation Analysis

CHAPTER 4: CURRENT TRANSDUCER MARKET, BY TECHNOLOGY
4.1 Overview
4.1.1 Market size and forecast
4.2 Open Loop
4.2.1 Key market trends, growth factors and opportunities
4.2.2 Market size and forecast, by region
4.2.3 Market analysis by country
4.3 Closed Loop
4.3.1 Key market trends, growth factors and opportunities
4.3.2 Market size and forecast, by region
4.3.3 Market analysis by country

CHAPTER 5: CURRENT TRANSDUCER MARKET, BY APPLICATION
5.1 Overview
5.1.1 Market size and forecast
5.2 Inverter and converter
5.2.1 Key market trends, growth factors and opportunities
5.2.2 Market size and forecast, by region
5.2.3 Market analysis by country
5.3 UPS and SMPS
5.3.1 Key market trends, growth factors and opportunities
5.3.2 Market size and forecast, by region
5.3.3 Market analysis by country
5.4 Battery Management
5.4.1 Key market trends, growth factors and opportunities
5.4.2 Market size and forecast, by region
5.4.3 Market analysis by country
5.5 Motor Drive
5.5.1 Key market trends, growth factors and opportunities
5.5.2 Market size and forecast, by region
5.5.3 Market analysis by country
5.6 Others
5.6.1 Key market trends, growth factors and opportunities
5.6.2 Market size and forecast, by region
5.6.3 Market analysis by country

CHAPTER 6: CURRENT TRANSDUCER MARKET, BY END USER
6.1 Overview
6.1.1 Market size and forecast
6.2 Industrial
6.2.1 Key market trends, growth factors and opportunities
6.2.2 Market size and forecast, by region
6.2.3 Market analysis by country
6.3 Renewable
6.3.1 Key market trends, growth factors and opportunities
6.3.2 Market size and forecast, by region
6.3.3 Market analysis by country
6.4 Automotive
6.4.1 Key market trends, growth factors and opportunities
6.4.2 Market size and forecast, by region
6.4.3 Market analysis by country
6.5 Residential and Commercial
6.5.1 Key market trends, growth factors and opportunities
6.5.2 Market size and forecast, by region
6.5.3 Market analysis by country
6.6 Others
6.6.1 Key market trends, growth factors and opportunities
6.6.2 Market size and forecast, by region
6.6.3 Market analysis by country

CHAPTER 7: CURRENT TRANSDUCER MARKET, BY REGION
7.1 Overview
7.1.1 Market size and forecast
7.2 North America
7.2.1 Key trends and opportunities
7.2.2 North America Market size and forecast, by Technology
7.2.3 North America Market size and forecast, by Application
7.2.4 North America Market size and forecast, by End User
7.2.5 North America Market size and forecast, by country
7.2.5.1 U.S.
7.2.5.1.1 Market size and forecast, by Technology
7.2.5.1.2 Market size and forecast, by Application
7.2.5.1.3 Market size and forecast, by End User
7.2.5.2 Canada
7.2.5.2.1 Market size and forecast, by Technology
7.2.5.2.2 Market size and forecast, by Application
7.2.5.2.3 Market size and forecast, by End User
7.2.5.3 Mexico
7.2.5.3.1 Market size and forecast, by Technology
7.2.5.3.2 Market size and forecast, by Application
7.2.5.3.3 Market size and forecast, by End User
7.3 Europe
7.3.1 Key trends and opportunities
7.3.2 Europe Market size and forecast, by Technology
7.3.3 Europe Market size and forecast, by Application
7.3.4 Europe Market size and forecast, by End User
7.3.5 Europe Market size and forecast, by country
7.3.5.1 Germany
7.3.5.1.1 Market size and forecast, by Technology
7.3.5.1.2 Market size and forecast, by Application
7.3.5.1.3 Market size and forecast, by End User
7.3.5.2 Italy
7.3.5.2.1 Market size and forecast, by Technology
7.3.5.2.2 Market size and forecast, by Application
7.3.5.2.3 Market size and forecast, by End User
7.3.5.3 UK
7.3.5.3.1 Market size and forecast, by Technology
7.3.5.3.2 Market size and forecast, by Application
7.3.5.3.3 Market size and forecast, by End User
7.3.5.4 Spain
7.3.5.4.1 Market size and forecast, by Technology
7.3.5.4.2 Market size and forecast, by Application
7.3.5.4.3 Market size and forecast, by End User
7.3.5.5 France
7.3.5.5.1 Market size and forecast, by Technology
7.3.5.5.2 Market size and forecast, by Application
7.3.5.5.3 Market size and forecast, by End User
7.3.5.6 Rest of Europe
7.3.5.6.1 Market size and forecast, by Technology
7.3.5.6.2 Market size and forecast, by Application
7.3.5.6.3 Market size and forecast, by End User
7.4 Asia-Pacific
7.4.1 Key trends and opportunities
7.4.2 Asia-Pacific Market size and forecast, by Technology
7.4.3 Asia-Pacific Market size and forecast, by Application
7.4.4 Asia-Pacific Market size and forecast, by End User
7.4.5 Asia-Pacific Market size and forecast, by country
7.4.5.1 China
7.4.5.1.1 Market size and forecast, by Technology
7.4.5.1.2 Market size and forecast, by Application
7.4.5.1.3 Market size and forecast, by End User
7.4.5.2 Japan
7.4.5.2.1 Market size and forecast, by Technology
7.4.5.2.2 Market size and forecast, by Application
7.4.5.2.3 Market size and forecast, by End User
7.4.5.3 India
7.4.5.3.1 Market size and forecast, by Technology
7.4.5.3.2 Market size and forecast, by Application
7.4.5.3.3 Market size and forecast, by End User
7.4.5.4 South Korea
7.4.5.4.1 Market size and forecast, by Technology
7.4.5.4.2 Market size and forecast, by Application
7.4.5.4.3 Market size and forecast, by End User
7.4.5.5 Australia
7.4.5.5.1 Market size and forecast, by Technology
7.4.5.5.2 Market size and forecast, by Application
7.4.5.5.3 Market size and forecast, by End User
7.4.5.6 Rest of Asia-Pacific
7.4.5.6.1 Market size and forecast, by Technology
7.4.5.6.2 Market size and forecast, by Application
7.4.5.6.3 Market size and forecast, by End User
7.5 LAMEA
7.5.1 Key trends and opportunities
7.5.2 LAMEA Market size and forecast, by Technology
7.5.3 LAMEA Market size and forecast, by Application
7.5.4 LAMEA Market size and forecast, by End User
7.5.5 LAMEA Market size and forecast, by country
7.5.5.1 Brazil
7.5.5.1.1 Market size and forecast, by Technology
7.5.5.1.2 Market size and forecast, by Application
7.5.5.1.3 Market size and forecast, by End User
7.5.5.2 Saudi Arabia
7.5.5.2.1 Market size and forecast, by Technology
7.5.5.2.2 Market size and forecast, by Application
7.5.5.2.3 Market size and forecast, by End User
7.5.5.3 South Africa
7.5.5.3.1 Market size and forecast, by Technology
7.5.5.3.2 Market size and forecast, by Application
7.5.5.3.3 Market size and forecast, by End User
7.5.5.4 Rest of LAMEA
7.5.5.4.1 Market size and forecast, by Technology
7.5.5.4.2 Market size and forecast, by Application
7.5.5.4.3 Market size and forecast, by End User

CHAPTER 8: COMPANY LANDSCAPE
8.1. Introduction
8.2. Top winning strategies
8.3. Product Mapping of Top 10 Player
8.4. Competitive Dashboard
8.5. Competitive Heatmap
8.6. Key developments

CHAPTER 9: COMPANY PROFILES
9.1 ABB
9.1.1 Company overview
9.1.2 Company snapshot
9.1.3 Operating business segments
9.1.4 Product portfolio
9.1.5 Business performance
9.1.6 Key strategic moves and developments
9.2 Phoenix Contact
9.2.1 Company overview
9.2.2 Company snapshot
9.2.3 Operating business segments
9.2.4 Product portfolio
9.2.5 Business performance
9.2.6 Key strategic moves and developments
9.3 Texas Instruments Inc.
9.3.1 Company overview
9.3.2 Company snapshot
9.3.3 Operating business segments
9.3.4 Product portfolio
9.3.5 Business performance
9.3.6 Key strategic moves and developments
9.4 Johnson Control Inc
9.4.1 Company overview
9.4.2 Company snapshot
9.4.3 Operating business segments
9.4.4 Product portfolio
9.4.5 Business performance
9.4.6 Key strategic moves and developments
9.5 Topstek Inc
9.5.1 Company overview
9.5.2 Company snapshot
9.5.3 Operating business segments
9.5.4 Product portfolio
9.5.5 Business performance
9.5.6 Key strategic moves and developments
9.6 veris industries
9.6.1 Company overview
9.6.2 Company snapshot
9.6.3 Operating business segments
9.6.4 Product portfolio
9.6.5 Business performance
9.6.6 Key strategic moves and developments
9.7 NK Technologies
9.7.1 Company overview
9.7.2 Company snapshot
9.7.3 Operating business segments
9.7.4 Product portfolio
9.7.5 Business performance
9.7.6 Key strategic moves and developments
9.8 CR Magnetic,
9.8.1 Company overview
9.8.2 Company snapshot
9.8.3 Operating business segments
9.8.4 Product portfolio
9.8.5 Business performance
9.8.6 Key strategic moves and developments
9.9 Siemens AG
9.9.1 Company overview
9.9.2 Company snapshot
9.9.3 Operating business segments
9.9.4 Product portfolio
9.9.5 Business performance
9.9.6 Key strategic moves and developments
9.10 Hobart
9.10.1 Company overview
9.10.2 Company snapshot
9.10.3 Operating business segments
9.10.4 Product portfolio
9.10.5 Business performance
9.10.6 Key strategic moves and developments

List of Tables
Table 1. Global Current Transducer Market, by Technology, 2021-2031 ($Million)
Table 2. Current Transducer Market, for Open Loop, by Region, 2021-2031 ($Million)
Table 3. Current Transducer Market for Open Loop, by Country, 2021-2031 ($Million)
Table 4. Current Transducer Market, for Closed Loop, by Region, 2021-2031 ($Million)
Table 5. Current Transducer Market for Closed Loop, by Country, 2021-2031 ($Million)
Table 6. Global Current Transducer Market, by Application, 2021-2031 ($Million)
Table 7. Current Transducer Market, for Inverter and Converter, by Region, 2021-2031 ($Million)
Table 8. Current Transducer Market for Inverter and Converter, by Country, 2021-2031 ($Million)
Table 9. Current Transducer Market, for Ups and Smps, by Region, 2021-2031 ($Million)
Table 10. Current Transducer Market for Ups and Smps, by Country, 2021-2031 ($Million)
Table 11. Current Transducer Market, for Battery Management, by Region, 2021-2031 ($Million)
Table 12. Current Transducer Market for Battery Management, by Country, 2021-2031 ($Million)
Table 13. Current Transducer Market, for Motor Drive, by Region, 2021-2031 ($Million)
Table 14. Current Transducer Market for Motor Drive, by Country, 2021-2031 ($Million)
Table 15. Current Transducer Market, for Others, by Region, 2021-2031 ($Million)
Table 16. Current Transducer Market for Others, by Country, 2021-2031 ($Million)
Table 17. Global Current Transducer Market, by End-user, 2021-2031 ($Million)
Table 18. Current Transducer Market, for Industrial, by Region, 2021-2031 ($Million)
Table 19. Current Transducer Market for Industrial, by Country, 2021-2031 ($Million)
Table 20. Current Transducer Market, for Renewable, by Region, 2021-2031 ($Million)
Table 21. Current Transducer Market for Renewable, by Country, 2021-2031 ($Million)
Table 22. Current Transducer Market, for Automotive, by Region, 2021-2031 ($Million)
Table 23. Current Transducer Market for Automotive, by Country, 2021-2031 ($Million)
Table 24. Current Transducer Market, for Residential and Commercial, by Region, 2021-2031 ($Million)
Table 25. Current Transducer Market for Residential and Commercial, by Country, 2021-2031 ($Million)
Table 26. Current Transducer Market, for Others, by Region, 2021-2031 ($Million)
Table 27. Current Transducer Market for Others, by Country, 2021-2031 ($Million)
Table 28. Current Transducer Market, by Region, 2021-2031 ($Million)
Table 29. North America Current Transducer Market, by Technology, 2021-2031 ($Million)
Table 30. North America Current Transducer Market, by Application, 2021-2031 ($Million)
Table 31. North America Current Transducer Market, by End-user, 2021-2031 ($Million)
Table 32. North America Current Transducer Market, by Country, 2021-2031 ($Million)
Table 33. U.S. Current Transducer Market, by Technology, 2021-2031 ($Million)
Table 34. U.S. Current Transducer Market, by Application, 2021-2031 ($Million)
Table 35. U.S. Current Transducer Market, by End-user, 2021-2031 ($Million)
Table 36. Canada Current Transducer Market, by Technology, 2021-2031 ($Million)
Table 37. Canada Current Transducer Market, by Application, 2021-2031 ($Million)
Table 38. Canada Current Transducer Market, by End-user, 2021-2031 ($Million)
Table 39. Mexico Current Transducer Market, by Technology, 2021-2031 ($Million)
Table 40. Mexico Current Transducer Market, by Application, 2021-2031 ($Million)
Table 41. Mexico Current Transducer Market, by End-user, 2021-2031 ($Million)
Table 42. Europe Current Transducer Market, by Technology, 2021-2031 ($Million)
Table 43. Europe Current Transducer Market, by Application, 2021-2031 ($Million)
Table 44. Europe Current Transducer Market, by End-user, 2021-2031 ($Million)
Table 45. Europe Current Transducer Market, by Country, 2021-2031 ($Million)
Table 46. Germany Current Transducer Market, by Technology, 2021-2031 ($Million)
Table 47. Germany Current Transducer Market, by Application, 2021-2031 ($Million)
Table 48. Germany Current Transducer Market, by End-user, 2021-2031 ($Million)
Table 49. Italy Current Transducer Market, by Technology, 2021-2031 ($Million)
Table 50. Italy Current Transducer Market, by Application, 2021-2031 ($Million)
Table 51. Italy Current Transducer Market, by End-user, 2021-2031 ($Million)
Table 52. UK Current Transducer Market, by Technology, 2021-2031 ($Million)
Table 53. UK Current Transducer Market, by Application, 2021-2031 ($Million)
Table 54. UK Current Transducer Market, by End-user, 2021-2031 ($Million)
Table 55. Spain Current Transducer Market, by Technology, 2021-2031 ($Million)
Table 56. Spain Current Transducer Market, by Application, 2021-2031 ($Million)
Table 57. Spain Current Transducer Market, by End-user, 2021-2031 ($Million)
Table 58. France Current Transducer Market, by Technology, 2021-2031 ($Million)
Table 59. France Current Transducer Market, by Application, 2021-2031 ($Million)
Table 60. France Current Transducer Market, by End-user, 2021-2031 ($Million)
Table 61. Rest of Europe Current Transducer Market, by Technology, 2021-2031 ($Million)
Table 62. Rest of Europe Current Transducer Market, by Application, 2021-2031 ($Million)
Table 63. Rest of Europe Current Transducer Market, by End-user, 2021-2031 ($Million)
Table 64. Asia-Pacific Current Transducer Market, by Technology, 2021-2031 ($Million)
Table 65. Asia-Pacific Current Transducer Market, by Application, 2021-2031 ($Million)
Table 66. Asia-Pacific Current Transducer Market, by End-user, 2021-2031 ($Million)
Table 67. Asia-Pacific Current Transducer Market, by Country, 2021-2031 ($Million)
Table 68. China Current Transducer Market, by Technology, 2021-2031 ($Million)
Table 69. China Current Transducer Market, by Application, 2021-2031 ($Million)
Table 70. China Current Transducer Market, by End-user, 2021-2031 ($Million)
Table 71. Japan Current Transducer Market, by Technology, 2021-2031 ($Million)
Table 72. Japan Current Transducer Market, by Application, 2021-2031 ($Million)
Table 73. Japan Current Transducer Market, by End-user, 2021-2031 ($Million)
Table 74. India Current Transducer Market, by Technology, 2021-2031 ($Million)
Table 75. India Current Transducer Market, by Application, 2021-2031 ($Million)
Table 76. India Current Transducer Market, by End-user, 2021-2031 ($Million)
Table 77. South Korea Current Transducer Market, by Technology, 2021-2031 ($Million)
Table 78. South Korea Current Transducer Market, by Application, 2021-2031 ($Million)
Table 79. South Korea Current Transducer Market, by End-user, 2021-2031 ($Million)
Table 80. Australia Current Transducer Market, by Technology, 2021-2031 ($Million)
Table 81. Australia Current Transducer Market, by Application, 2021-2031 ($Million)
Table 82. Australia Current Transducer Market, by End-user, 2021-2031 ($Million)
Table 83. Rest of Asia-Pacific Current Transducer Market, by Technology, 2021-2031 ($Million)
Table 84. Rest of Asia-Pacific Current Transducer Market, by Application, 2021-2031 ($Million)
Table 85. Rest of Asia-Pacific Current Transducer Market, by End-user, 2021-2031 ($Million)
Table 86. LAMEA Current Transducer Market, by Technology, 2021-2031 ($Million)
Table 87. LAMEA Current Transducer Market, by Application, 2021-2031 ($Million)
Table 88. LAMEA Current Transducer Market, by End-user, 2021-2031 ($Million)
Table 89. LAMEA Current Transducer Market, by Country, 2021-2031 ($Million)
Table 90. Brazil Current Transducer Market, by Technology, 2021-2031 ($Million)
Table 91. Brazil Current Transducer Market, by Application, 2021-2031 ($Million)
Table 92. Brazil Current Transducer Market, by End-user, 2021-2031 ($Million)
Table 93. Saudi Arabia Current Transducer Market, by Technology, 2021-2031 ($Million)
Table 94. Saudi Arabia Current Transducer Market, by Application, 2021-2031 ($Million)
Table 95. Saudi Arabia Current Transducer Market, by End-user, 2021-2031 ($Million)
Table 96. South Africa Current Transducer Market, by Technology, 2021-2031 ($Million)
Table 97. South Africa Current Transducer Market, by Application, 2021-2031 ($Million)
Table 98. South Africa Current Transducer Market, by End-user, 2021-2031 ($Million)
Table 99. Rest of LAMEA Current Transducer Market, by Technology, 2021-2031 ($Million)
Table 100. Rest of LAMEA Current Transducer Market, by Application, 2021-2031 ($Million)
Table 101. Rest of LAMEA Current Transducer Market, by End-user, 2021-2031 ($Million)
Table 102. ABB: Company Snapshot
Table 103. ABB: Operating Segments
Table 104. ABB: Product Portfolio
Table 105. ABB: Net Sales
Table 106. ABB: Key Strategies
Table 107. Phoenix Contact: Company Snapshot
Table 108. Phoenix Contact: Operating Segments
Table 109. Phoenix Contact: Product Portfolio
Table 110. Phoenix Contact: Net Sales
Table 111. Phoenix Contact: Key Strategies
Table 112. Texas Instruments Inc.: Company Snapshot
Table 113. Texas Instruments Inc.: Operating Segments
Table 114. Texas Instruments Inc.: Product Portfolio
Table 115. Texas Instruments Inc.: Net Sales
Table 116. Texas Instruments Inc.: Key Strategies
Table 117. Johnson Control Inc.: Company Snapshot
Table 118. Johnson Control Inc.: Operating Segments
Table 119. Johnson Control Inc.: Product Portfolio
Table 120. Johnson Control Inc.: Net Sales
Table 121. Johnson Control Inc.: Key Strategies
Table 122. Topstek Inc.: Company Snapshot
Table 123. Topstek Inc.: Operating Segments
Table 124. Topstek Inc.: Product Portfolio
Table 125. Topstek Inc.: Net Sales
Table 126. Topstek Inc.: Key Strategies
Table 127. Veris Industries: Company Snapshot
Table 128. Veris Industries: Operating Segments
Table 129. Veris Industries: Product Portfolio
Table 130. Veris Industries: Net Sales
Table 131. Veris Industries: Key Strategies
Table 132. Nk Technologies: Company Snapshot
Table 133. Nk Technologies: Operating Segments
Table 134. Nk Technologies: Product Portfolio
Table 135. Nk Technologies: Net Sales
Table 136. Nk Technologies: Key Strategies
Table 137. Cr Magnetic,: Company Snapshot
Table 138. Cr Magnetic,: Operating Segments
Table 139. Cr Magnetic,: Product Portfolio
Table 140. Cr Magnetic,: Net Sales
Table 141. Cr Magnetic,: Key Strategies
Table 142. Siemens AG: Company Snapshot
Table 143. Siemens AG: Operating Segments
Table 144. Siemens AG: Product Portfolio
Table 145. Siemens AG: Net Sales
Table 146. Siemens AG: Key Strategies
Table 147. Hobart: Company Snapshot
Table 148. Hobart: Operating Segments
Table 149. Hobart: Product Portfolio
Table 150. Hobart: Net Sales
Table 151. Hobart: Key Strategies

List of Figures
Figure 1. Current Transducer Market Segmentation
Figure 2. Current Transducer Market, 2021-2031
Figure 3. Current Transducer Market, 2021-2031
Figure 4. Top Investment Pockets, by Region
Figure 5. Porter Five-1
Figure 6. Porter Five-2
Figure 7. Porter Five-3
Figure 8. Porter Five-4
Figure 9. Porter Five-5
Figure 10. Top Player Positioning
Figure 11. Current Transducer Mark.:Drivers, Restraints and Opportunities
Figure 12. Key Regulation Analysis
Figure 13. Current Transducer Market, By Technology, 2021(%)
Figure 14. Comparative Share Analysis of Open Loop Current Transducer Market, 2021-2031(%)
Figure 15. Comparative Share Analysis of Closed Loop Current Transducer Market, 2021-2031(%)
Figure 16. Current Transducer Market, By Application, 2021(%)
Figure 17. Comparative Share Analysis of Inverter and Converter Current Transducer Market, 2021-2031(%)
Figure 18. Comparative Share Analysis of Ups and Smps Current Transducer Market, 2021-2031(%)
Figure 19. Comparative Share Analysis of Battery Management Current Transducer Market, 2021-2031(%)
Figure 20. Comparative Share Analysis of Motor Drive Current Transducer Market, 2021-2031(%)
Figure 21. Comparative Share Analysis of Others Current Transducer Market, 2021-2031(%)
Figure 22. Current Transducer Market, By End-user, 2021(%)
Figure 23. Comparative Share Analysis of Industrial Current Transducer Market, 2021-2031(%)
Figure 24. Comparative Share Analysis of Renewable Current Transducer Market, 2021-2031(%)
Figure 25. Comparative Share Analysis of Automotive Current Transducer Market, 2021-2031(%)
Figure 26. Comparative Share Analysis of Residential and Commercial Current Transducer Market, 2021-2031(%)
Figure 27. Comparative Share Analysis of Others Current Transducer Market, 2021-2031(%)
Figure 28. Current Transducer Market by Region, 2021
Figure 29. U.S. Current Transducer Market, 2021-2031($Million)
Figure 30. Canada Current Transducer Market, 2021-2031($Million)
Figure 31. Mexico Current Transducer Market, 2021-2031($Million)
Figure 32. Germany Current Transducer Market, 2021-2031($Million)
Figure 33. Italy Current Transducer Market, 2021-2031($Million)
Figure 34. Uk Current Transducer Market, 2021-2031($Million)
Figure 35. Spain Current Transducer Market, 2021-2031($Million)
Figure 36. France Current Transducer Market, 2021-2031($Million)
Figure 37. Rest of Europe Current Transducer Market, 2021-2031($Million)
Figure 38. China Current Transducer Market, 2021-2031($Million)
Figure 39. Japan Current Transducer Market, 2021-2031($Million)
Figure 40. India Current Transducer Market, 2021-2031($Million)
Figure 41. South Korea Current Transducer Market, 2021-2031($Million)
Figure 42. Australia Current Transducer Market, 2021-2031($Million)
Figure 43. Rest of Asia-Pacific Current Transducer Market, 2021-2031($Million)
Figure 44. Brazil Current Transducer Market, 2021-2031($Million)
Figure 45. Saudi Arabia Current Transducer Market, 2021-2031($Million)
Figure 46. South Africa Current Transducer Market, 2021-2031($Million)
Figure 47. Rest of LAMEA Current Transducer Market, 2021-2031($Million)
Figure 48. Top Winning Strategies, by Year
Figure 49. Top Winning Strategies, by Development
Figure 50. Top Winning Strategies, by Company
Figure 51. Product Mapping of Top 10 Players
Figure 52. Competitive Dashboard
Figure 53. Competitive Heatmap of Top 10 Key Players
Figure 54. Ab.: Net Sales, ($Million)
Figure 55. Phoenix Contac.: Net Sales, ($Million)
Figure 56. Texas Instruments Inc.: Net Sales, ($Million)
Figure 57. Johnson Control In.: Net Sales, ($Million)
Figure 58. Topstek In.: Net Sales, ($Million)
Figure 59. Veris Industrie.: Net Sales, ($Million)
Figure 60. Nk Technologie.: Net Sales, ($Million)
Figure 61. Cr Magnetic,.: Net Sales, ($Million)
Figure 62. Siemens A.: Net Sales, ($Million)
Figure 63. Hobar.: Net Sales, ($Million)

Executive Summary

According to the report, “Current Transducer Market," the current transducer market size was valued at $520.0 million in 2021, and is estimated 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 industrial standards electric current. Current transducers possess various properties, such as it is linear, dimensionally stable, and maintains electric flow in the system. It finds applications in various industries, such as automotive, electrical components, transportation, aerospace, building & construction, and other end-user sectors.

Factors, such as growing industrial sectors across the globe, increase in the manufacturing industry, and rise in the demand for oil & gas in both, developed and developing countries has witnessed the need for current transducer. Current transducer plays a vital role in the machineries of petroleum, manufacturing, and industrial sectors, which helps in maintaining the stability of current flow and enhances the power supply by controlling overload. These factors are adding value into the growth of transducer current in the growing petroleum sector.

However, transducer currents are less reliable owing to their aging and drifting of active components and have high power consumption as compared to other analog signal types. In addition, it increases circuit load resistance in high voltage containing electronic devices, which may lead to short circuits in electrical or battery containing vehicles, which hamper the potential growth of the current transducer components in the market. Furthermore, several safety standards and rules regarding the use of transducer current in both, developed and developing countries have been set. This factor is anticipated to hamper the overall market growth.

The rise in building & construction activity, growing consumer demand for various electrically based components, and rise in disposable income from middle-class families have surged the demand for current transducers where it is used in electric meters, electrically based- household devices, such as AC, LED, TV, LCD, and many others. It helps in converting raw current into standard industrial electrical current, and reduces the mechanical nonlinearities, which help in increasing the shelf life of electrical devices and components. This factor is predicted to create remunerative opportunities for the expansion of the current transducer market in the future.

The current transducer market forecast is segmented on the basis of 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.

Key players operating in the global current transducer market analysis include ABB, Ltd., ADTEK ELECTRONICS CO., LTD, American Aerospace Control, CR Magnetics, Inc., Danisense, GENERAL ELECTRIC, Intermountain Electric, Inc., Johnson Controls, LEM, NK Technologies., Phoenix Contact, Siemens, Texas Instruments Incorporated, Topstek Inc., and Veris.

IMPACT OF COVID-19 ON THE GLOBAL CURRENT TRANSDUCER MARKET INDUSTRY

The novel coronavirus is an incomparable global pandemic that has spread to over 180 countries and caused huge losses of lives and the economy around the globe. The current transducer market has negative impact due to the wake of the COVID-19 pandemic, owing to disruptions in the supply chain for various industrial products. The outbreak of COVID-19 resulted in the shutdown of various manufacturing plants for a long period, especially in Europe, Asia-Pacific, and other regions.

In addition, restrictions imposed due to lockdown have declined the growth of the automotive sector. Moreover, delays in the infrastructure investment and complete shutdown of transportation have hampered the transducer current market.

In addition, as the restrictions imposed due to lockdowns are being lifted in the fourth quarter of the pandemic, the building & construction, manufacturing sector is expected to recover soon owing to the record of production unit in both developed and developing economies.

Key findings

  • By technology, the closed loop-based technology segment accounted for about 65% of the share in the global current transducer market, and is expected to maintain its dominance during the forecast period.
  • By application, the motor drive segment accounted for 33% market share, and is anticipated to grow at a rate of 4.6% in terms of revenue.
  • By end user, the industrial segment accounted for 35% of current transducer market share , and is anticipated to grow at a rate of 4.8% in terms of revenue.
  • Asia-Pacific dominated the global current transducer market with more than 43% of the share, in terms of revenue.

Companies Mentioned

  • ABB
  • Phoenix Contact
  • Texas Instruments Inc.
  • Johnson Control Inc
  • Topstek Inc
  • veris industries
  • NK Technologies
  • CR Magnetic,
  • Siemens AG
  • Hobart

Methodology

The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.

They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.

They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:

  • Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic news articles and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast

Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.

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