Current Transducer Market

Current Transducer - Global Market Outlook (2019-2027)

4.2 (75 reviews)
Published: November 2020 ID: SMRC20072
4.2 (75 reviews)
Published: November 2020 ID: SMRC20072

This report covers the impact of COVID-19 on this global market

According to Stratistics MRC, the Global Current Transducer Market is accounted for $626.86 million in 2019 and is expected to reach $962.03 million by 2027 growing at a CAGR of 5.5% during the forecast period. Some of the key factors propelling the market growth include increasing demand for fully programmable and integrated sensors from the automotive industry, increasing number of electric vehicles and hybrid vehicles (EV and HEV), technological developments in the current transducer industry, and increasing use of battery-powered applications. However, the increasing use of integrated products is likely to hamper the market.

Current Transducer

The current transducer is a device which converts current into a proportional industrial standard electrical signal. It is used to apply high inductive current measurement in the regulation and control systems, by acting as current sensing transducer. The major components of the current transducer include conversion component, conversion circuit, power circuit, and sensitive component.  The major functions of the current transducer are isolated function, safety function, a conversion function, and enhanced signal for distance transfer.

By application, the converter & inverter segment is anticipated to grow at the significant rate during the forecast period, due to the adoption of renewable technology, as these are highly compatible with renewable energy generation. The converters & inverters are used to convert DC power to AC power and vice versa. In power generation application, where power is generated through renewable sources converters & inverters plays important role. These are widely used for conversion of power.

On the basis of geography, Asia-Pacific is expected to have considerable market growth during the forecast period, owing to increasing demand for energy, the continuous efforts for increasing the share of renewable energy generation, rapid industrialisation, demand for the control & monitoring systems, and increasing adoption of industrial automation. Also, key countries in Asia-Pacific such as India, China, and Australia are focusing on renewable energy sources including wind, bioenergy, solar, and hydropower due to the environmental concerns, price volatility, and security of supply.

Some of the key players in Current Transducer Market include Veris Industries, Siemens, Phoenix Contact, Johnson Controls, Texas Instrument, ABB, LEM Holding SA, NK Technologies, American Aerospace Control (CR), Hobut, CR Magnetic, Topstek, Infineon Technologies Ag, Honeywell, Allegro, Melexis, Kohshin Electric Corporation, TDK Corporation, and Asahi Kasei Microdevices Corporation.

Technologies Covered:
• Closed Loop
• Open Loop

Types Covered:
• AC Current Transducers
• DC Current Transducers

Applications Covered:
• Switched-Mode Power Supply (SMPS) And Uninterruptible Power Supply (UPS)
• Converter & Inverter
• Motor Drive
• Battery Management

End Users Covered:
• Renewable Energy
• Transportation & Automotive
• Residential & Commercial
• Industrial
• Power Station

Sales Channels Covered:
• Aftermarket
• Manufacturer/Distributor/Service Provider
• Direct Sales

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o France
o Italy
o UK 
o Spain
o Rest of Europe      
• Asia Pacific
o Japan       
o China       
o India       
o Australia       
o New Zealand      
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2018, 2019, 2020, 2024 and 2027
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic analysis: Drivers and Constraints, Product/Technology Analysis, Porter’s five forces analysis, SWOT analysis, etc.
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

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• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

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