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Global Current Transducer Market to reach USD 860.05 million by the end of 2030

Global Current Transducer Market Size study & Forecast, by Technology (Open Loop, Close Loop), by Application (Motor Drive, Battery Management, UPS & SMPS, Converter & Inverter, Others), by End-User (Industrial, Renewables, Automotive, Residential & Commercial, Others) and Regional Analysis, 2023-2030

Product Code: EPPGS-12123883
Publish Date: 20-07-2023
Page: 200

Global Current Transducer Market is valued at approximately USD 662.8 million in 2022 and is anticipated to grow with a healthy growth rate of more than 3.31% over the forecast period 2023-2030. A current transducer is a device that converts electrical signals, whether they are direct or alternating currents, into an electrical signal that conforms to industrial standards. It transforms the input signal on a primary conductor to a different type of signal on a secondary conductor. Current transducers can function actively by utilizing external power or passively without the need for external power. The Current Transducer Market is expanding because of factors such as the rising adoption of electric vehicles and increased demand for connected devices. Moreover, the global adoption of electric vehicles is driving an increased installation of current transducers in the automotive sector. This trend reflects the growing demand for current measurement and monitoring in electric vehicle systems. Its importance has progressively increased during the forecast year of 2022-2030.

According to Statista, the electric vehicles market is estimated to reach a value of USD 561.30 billion in 2023, and it is anticipated to grow steadily at an annual rate of 10.07% from 2023 to 2028. This growth is expected to result in a market volume of USD 906.70 billion by 2028. In 2021, China emerged as the leader in plug-in electric vehicles, with a fleet of approximately 14.1 million units. The United States ranked second, with around 2.96 million battery-electric vehicles (BEVs) and plug-in hybrid electric vehicles (PHEVs) in use during the same year. The growing importance of Internet of Things (IoT) devices has a substantial impact on the current transducer market. With the increasing adoption of IoT devices, there is a rising demand for precise current measurement and monitoring across diverse applications. In addition, a Surge in consumer demand for various electrical components and a rise in disposable income would create lucrative growth opportunities. However, the high cost of transducer and limited accuracy stifles market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Current Transducer Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. Asia Pacific is dominating the region during the forecast period owing to the increasing demand for control and protection systems, driven by the rising penetration of consumer electronics. Furthermore, the region’s growing requirement for industrial automation and the emergence of smart cities are expected to accelerate the market’s growth in the coming years. Asia Pacific is also the fastest growing region during the forecast period owing to the factors such as the rising adoption of renewable resources, electric vehicles, and industrial automation. These factors are increasing the demand for current transducers in various applications.

Major market player included in this report are:
Asea Brown Boveri Ltd.
American Aerospace Controls Inc.
Hobut (Howard Butler Ltd)
Johnson Controls, Inc.
Neilsen-Kuljian Technologies, Inc.
Ohio Semitronics, Inc.
Siemens AG
Texas Instruments Incorporated
Topstek Inc.
Veris Industries LLC
Recent Developments in the Market:
Ø In May 2022, During PCIM 2022, Danisense unveiled the DT series of fluxgate current transducers, featuring exceptional stability and high precision in the ppm class for accurately measuring isolated DC and AC currents up to 200Arms. These devices offer a wide bandwidth of up to 2MHz and a primary current range of 50A to 200A, all while boasting a significantly smaller size and a 60% reduction in volume compared to the previous generation of products.

Global Current Transducer Market Report Scope:
ü Historical Data – 2020 – 2021
ü Base Year for Estimation – 2022
ü Forecast period – 2023-2030
ü Report Coverage – Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
ü Segments Covered – Technology, Application, End-User, Region
ü Regional Scope – North America; Europe; Asia Pacific; Latin America; Middle East & Africa
ü Customization Scope – Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Technology:
Open Loop
Close Loop

By Application
Motor Drive
Battery Management

By End-User:
Residential & Commercial

By Region:

North America


Asia Pacific
South Korea

Latin America

Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Million)
1.2.1. Current Transducer Market, by Region, 2020-2030 (USD Million)
1.2.2. Current Transducer Market, by Technology, 2020-2030 (USD Million)
1.2.3. Current Transducer Market, by Application, 2020-2030 (USD Million)
1.2.4. Current Transducer Market, by End-User, 2020-2030 (USD Million)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Current Transducer Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Industry Evolution
2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Current Transducer Market Dynamics
3.1. Current Transducer Market Impact Analysis (2020-2030)
3.1.1. Market Drivers Rising adoption of electric vehicles Increase demand for connected devices
3.1.2. Market Challenges High Cost of Current Transducer Limited accuracy
3.1.3. Market Opportunities Surge in consumer demand for various electrical components Rise in disposable income
Chapter 4. Global Current Transducer Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.2. Porter’s 5 Force Impact Analysis
4.3. PEST Analysis
4.3.1. Political
4.3.2. Economical
4.3.3. Social
4.3.4. Technological
4.3.5. Environmental
4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion
Chapter 5. Global Current Transducer Market, by Technology
5.1. Market Snapshot
5.2. Global Current Transducer Market by Technology, Performance – Potential Analysis
5.3. Global Current Transducer Market Estimates & Forecasts by Technology 2020-2030 (USD Million)
5.4. Current Transducer Market, Sub Segment Analysis
5.4.1. Open Loop
5.4.2. Close Loop
Chapter 6. Global Current Transducer Market, by Application
6.1. Market Snapshot
6.2. Global Current Transducer Market by Application, Performance – Potential Analysis
6.3. Global Current Transducer Market Estimates & Forecasts by Application 2020-2030 (USD Million)
6.4. Current Transducer Market, Sub Segment Analysis
6.4.1. Motor Drive
6.4.2. Battery Management
6.4.3. UPS & SMPS
6.4.4. Converter
6.4.5. Inverter
6.4.6. Others
Chapter 7. Global Current Transducer Market, by End-User
7.1. Market Snapshot
7.2. Global Current Transducer Market by End-User, Performance – Potential Analysis
7.3. Global Current Transducer Market Estimates & Forecasts by End-User 2020-2030 (USD Million)
7.4. Current Transducer Market, Sub Segment Analysis
7.4.1. Industrial
7.4.2. Renewables
7.4.3. Automotive
7.4.4. Residential & Commercial
7.4.5. Others
Chapter 8. Global Current Transducer Market, Regional Analysis
8.1. Top Leading Countries
8.2. Top Emerging Countries
8.3. Current Transducer Market, Regional Market Snapshot
8.4. North America Current Transducer Market
8.4.1. U.S. Current Transducer Market Technology breakdown estimates & forecasts, 2020-2030 Application breakdown estimates & forecasts, 2020-2030 End-User breakdown estimates & forecasts, 2020-2030
8.4.2. Canada Current Transducer Market
8.5. Europe Current Transducer Market Snapshot
8.5.1. U.K. Current Transducer Market
8.5.2. Germany Current Transducer Market
8.5.3. France Current Transducer Market
8.5.4. Spain Current Transducer Market
8.5.5. Italy Current Transducer Market
8.5.6. Rest of Europe Current Transducer Market
8.6. Asia-Pacific Current Transducer Market Snapshot
8.6.1. China Current Transducer Market
8.6.2. India Current Transducer Market
8.6.3. Japan Current Transducer Market
8.6.4. Australia Current Transducer Market
8.6.5. South Korea Current Transducer Market
8.6.6. Rest of Asia Pacific Current Transducer Market
8.7. Latin America Current Transducer Market Snapshot
8.7.1. Brazil Current Transducer Market
8.7.2. Mexico Current Transducer Market
8.8. Middle East & Africa Current Transducer Market
8.8.1. Saudi Arabia Current Transducer Market
8.8.2. South Africa Current Transducer Market
8.8.3. Rest of Middle East & Africa Current Transducer Market

Chapter 9. Competitive Intelligence
9.1. Key Company SWOT Analysis
9.1.1. Company 1
9.1.2. Company 2
9.1.3. Company 3
9.2. Top Market Strategies
9.3. Company Profiles
9.3.1. Asea Brown Boveri Ltd. Key Information Overview Financial (Subject to Data Availability) Product Summary Recent Developments
9.3.2. American Aerospace Controls Inc.
9.3.3. Hobut (Howard Butler Ltd)
9.3.4. Johnson Controls, Inc.
9.3.5. Neilsen-Kuljian Technologies, Inc.
9.3.6. Ohio Semitronics, Inc.
9.3.7. Siemens AG
9.3.8. Texas Instruments Incorporated
9.3.9. Topstek Inc.
9.3.10. Veris Industries LLC
Chapter 10. Research Process
10.1. Research Process
10.1.1. Data Mining
10.1.2. Analysis
10.1.3. Market Estimation
10.1.4. Validation
10.1.5. Publishing
10.2. Research Attributes
10.3. Research Assumption

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Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
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