Global Open Loop Current Transducer Market Growth 2025-2031

The global Open Loop Current Transducer market size is predicted to grow from US$ 630 million in 2025 to US$ 982 million in 2031; it is expected to grow at a CAGR of 7.7% from 2025 to 2031.

An Open Loop Current Transducer (OLCT) is a type of electrical device used to measure current in a circuit without the need for a direct electrical connection to the current-carrying conductor. It operates on the principle of magnetic field sensing, detecting the current indirectly through the magnetic field generated by the current flow in a conductor.

United States market for Open Loop Current Transducer is estimated to increase from US$ million in 2024 to US$ million by 2031, at a CAGR of % from 2025 through 2031.

China market for Open Loop Current Transducer is estimated to increase from US$ million in 2024 to US$ million by 2031, at a CAGR of % from 2025 through 2031.

Europe market for Open Loop Current Transducer is estimated to increase from US$ million in 2024 to US$ million by 2031, at a CAGR of % from 2025 through 2031.

Global key Open Loop Current Transducer players cover Sensor Electronic Technology, LEM Sensors, DigiKey, Allegro Micro System, LEM, etc. In terms of revenue, the global two largest companies occupied for a share nearly % in 2024.

LP Information, Inc. (LPI) ' newest research report, the “Open Loop Current Transducer Industry Forecast” looks at past sales and reviews total world Open Loop Current Transducer sales in 2024, providing a comprehensive analysis by region and market sector of projected Open Loop Current Transducer sales for 2025 through 2031. With Open Loop Current Transducer sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Open Loop Current Transducer industry.

This Insight Report provides a comprehensive analysis of the global Open Loop Current Transducer landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Open Loop Current Transducer portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Open Loop Current Transducer market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Open Loop Current Transducer and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Open Loop Current Transducer.

This report presents a comprehensive overview, market shares, and growth opportunities of Open Loop Current Transducer market by product type, application, key manufacturers and key regions and countries.

Segmentation by Type:
DC
AC

Segmentation by Application:
Industrial
Automotive
Power and Energy
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
Sensor Electronic Technology
LEM Sensors
DigiKey
Allegro Micro System
LEM
Ohio Semitronics
Honeywell
Siemens
Crocus Technology
Schneider Electric
Crane Electronics
Verivolt
Accuenergy
Texas Instruments

Key Questions Addressed in this Report

What is the 10-year outlook for the global Open Loop Current Transducer market?

What factors are driving Open Loop Current Transducer market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Open Loop Current Transducer market opportunities vary by end market size?

How does Open Loop Current Transducer break out by Type, by Application?

Please note: The report will take approximately 2 business days to prepare and deliver.