A current transducer converts current into a proportional industrial standard electrical signal. It is formed by four parts conversion component, conversion circuit, sensitive component, and power circuit. The current transducer market is boosted by the increasing adoption of renewable technology, which is further leading to the rise in demand for converter & inverter. The surge in alternative energy programs across countries would contribute profoundly to the growth of the current transducer market during the forecast period.
MARKET DYNAMICS
The current transducer market is anticipated to grow in the forecast period owing to driving factors such as technological developments in the field of current transducers and increasing adoption of renewable energy. Besides, surging use of the battery-powered application is likely to augment the market growth. However, the growing use of the integrated product may impede the growth of the current transducer market during the forecast period. On the other hand, increasing demand for control and monitoring system is likely to offer significant opportunities for key players operating in the current transducer market in the coming years.
MARKET SCOPE
The "Global Current Transducer Market Analysis to 2028" is a specialized and in-depth study of the energy and power industry with a special focus on the global market trend analysis. The report aims to provide an overview of current transducer market with detailed market segmentation by technology, application, end user and geography. The global current transducer market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading current transducer market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global current transducer market is segmented on the basis of technology, application, and end user. Based on technology, the market is segmented as open loop and closed loop. On the basis of the application, the market is segmented as battery management, motor drive, UPS and SMPS, converter and inverter, and others. The market on the basis of the end user is classified as industrial, renewable energy, automotive & transportation, residential & commercial, and others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global current transducer market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The current transducer market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting current transducer market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South & Central America after evaluating political, economic, social and technological factors affecting the current transducer market in these regions.
MARKET PLAYERS
The reports cover key developments in the current transducer market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved the way for the expansion of business and customer base of market players. The market players from current transducer market are anticipated to lucrative growth opportunities in the future with the rising demand for current transducer in the global market. Below mentioned is the list of few companies engaged in the current transducer market.
The report also includes the profiles of key current transducer companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of the last three years, key developments in the past five years.
- ABB Ltd.
- American Aerospace Controls
- Hobut (Howard Butler Ltd)
- Johnson Controls, Inc.
- NK Technologies (Neilsen-Kuljian, Inc.)
- Ohio Semitronics, Inc.
- Siemens AG
- Texas Instruments Incorporated
- Topstek Inc.
- Veris Industries