Global Current Transducer Market Scenario
The global Current Transducer Market is projected to be valued at USD 733.3 Million by 2025, with 3.26% CAGR during the forecast period, 2019–2025. Current transducer is a device that combines a current transformer with a signal conditioner into a single package for current monitoring or logging applications. The current transducer can also be classified into AC current transducer and DC current transducer. The Global Current Transducer Market is expected to witness high growth during the forecast period owing to the technological advancements in current transducers and increasing use of battery-powered applications in the renewable energy sector.
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Prominent Players:
- Johnson Controls (Ireland),
- ABB (Switzerland),
- CR Magnetic (US),
- Siemens (Germany),
- IME (Nepal),
- Phoenix Contact (US),
- NK Technologies (US),
- Veris Industries (US),
- American Aerospace Control (CR) (US),
- Topstek (Taiwan),
- Texas Instrument (US),
- Hobut (UK), and
- LEM (Switzerland).
Global Current Transducer Market Segmental Overview:
The global Current Transducer Market is segmented based on technology, application, and end use.
By technology, the global market is segmented into closed loop and open loop. The closed loop segment is projected to be the largest market share in the global current transducer market.
By application type, the global market is segmented as converter & inverter, motor drive, battery management, switched-mode power supply (SMPS) and uninterruptible power supply (UPS), and others.
The converter & inverter segment is expected to hold the largest market share in the global current transducer market.
Regional Outlook
The market is segmented into five regions, namely Asia-Pacific, Europe, North America, Middle East & Africa, and South America.
Asia-Pacific holds the largest market share and is the fastest growing region in the current transducer owing to increasing share of renewable energy is likely to boost the demand of current transducer as these devices facilitate proper coordination between PV systems, smart grids, and substations. Hence, increasing complexity in the grid system in the region would positively trigger the demand of current transducer market.
In Europe, Germany is expected to be the largest and the fastest growing country in the current transducer market owing to increasing share of renewable energy in the total energy mix. Moreover, At the end of 2017, there were about 1.6 million solar PV installations in Germany, producing about 43 GW of electricity. Thus, rising investments and the need to curb carbon emission in the county would drive the renewable energy market, ultimately driving the market for current transducer as it is important part of renewable energy generation.
In Middle East & Africa, Saudi Arabia, is projected to be the largest and the fastest growing country in the current transducer market due to fact that the Saudi government has many renewable projects in pipeline, including a 200 GW plant, which will be funded by Japan’s Softbank and Saudi Arabia’s Public Investment Fund. All these projects will also deploy current transducer for ensuring proper current standards.
In South America, Brazil is expected to be the largest and the fastest growing country in the current transducer market as Brazil is South America’s largest renewable market with continued investments expected in wind, which is expected to ultimately boost the demand for current transducer market.
Intended Audience
- Government and research organization
- Consulting companies in the current transducer market
- Raw material suppliers
- Research consultants
- Investors and shareholders
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Table Of Contents
1 Executive Summary
2 Market Introduction
2.1 Market Definition
2.2 Scope Of The Study
2.3 Market Structure
3 Research Methodology
3.1 Primary Research
3.2 Secondary Research
3.3 Market Application Estimation
3.4 Forecast Model
3.5 List Of Assumptions
3.6 Limitations Of The Study
4 Market Insights
5 Market Dynamics
5.1 Introduction
5.2 Market Drivers
5.3 Market Restraints
5.4 Market Opportunities
5.5 Porter’s Five Forces Analysis
5.6 Value Chain/Supply Chain Analysis
6 Global Current Transducer Market, By Technology
7 Global Current Transducer Market, By Application
8 Global Current Transducer Market, By End Use
9 Global Current Transducer Market, By Region
10 Competitive Landscape
11 Company Profile
12 List Of Tables
13 List Of Figures
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