Global Current Transducer Market 2024-2028

Global Current Transducer Market 2024-2028

The current transducer market is forecasted to grow by USD 140.59 mn during 2023-2028, accelerating at a CAGR of 3.95% during the forecast period. The report on the current transducer market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increasing adoption of wideband and high-frequency transducers, continued emphasis on miniaturization of current transducers, and rising adoption of IoT and Industry 4.0.

Technavio's current transducer market is segmented as below:

By Technology

• Closed loop
• Open loop

By End-user

• Industrial
• Utility
• Automotive
• Others

By Geography

• APAC
• Europe
• North America
• South America
• Middle East and Africa

This study identifies the advancements in sensor technology as one of the prime reasons driving the current transducer market growth during the next few years. Also, emergence of smart grid technologies and rise of rogowski coil current transducers will lead to sizable demand in the market.

The report on the current transducer market covers the following areas:

• Current transducer market sizing
• Current transducer market forecast
• Current transducer market industry analysis

The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading current transducer market vendors that include ABB Ltd., Allegro MicroSystems Inc., Asahi Kasei Microdevices Corp., CR Magnetics Inc., Honeywell International Inc., Howard Butler Ltd, Kohshin Electric Corp., LEM Holding SA, Melexis NV, MultiDimension Technology Co. Ltd., Ning Bo Sinomags Electronic Technology Co Ltd., NK Technologies, Phoenix Contact GmbH and Co. KG, Schneider Electric SE, Siemens AG, TDK Corp., Texas Instruments Inc., Yageo Corp., Infineon Technologies AG, Johnson Controls, and Danisense. Also, the current transducer market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.