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Pulished Date February, 2020
ID: 8791
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Current Transducer Market Analysis - By Technology (Open Loop & Closed Loop), By Application (Motor Drive, Battery Management, UPS & SMPS, Converter & Inverter, Others), By End User (Industrial, Automotive, Renewable, Residential & Commercial), By Region (North America (United States & Canada), Europe (United Kingdom, Italy, Germany, Spain, France & Rest of Europe), Asia Pacific (India, China, Japan, South Korea, Australia, New Zealand, Rest of APAC), Latin America (Brazil, Mexico, Argentina & Rest of Latin America), Middle East & Africa) - Global Industry Analysis on Size, Share, Growth, Forecast | 2019 - 2024

Pulished: February, 2020
ID: 8791
Pages: 100

Current Transducer Market Size & Growth (2019 – 2024)

As per the recent report, the Global Current Transducer Market size & Growth is anticipated to grow with a CAGR of 3.31% and reach around USD 692.4 Million by 2024.

The current transducer is almost the same as the current transformer. It is commonly used in industry to track engines and load. The new transducer has different motor drive uses, including battery control, UPS, inverters, etc. to reduce the carbon emission and address the energy crisis and indicate a positive outlook for the emerging market. Today, carbon emissions are one of the nation's major concerns. Most of the country is taking initiatives to get rid of this big issue.

Industry Driving Factors

A current transducer can transform any non-standard electrical current into an industrial standard electrical signal that is much simpler to use for terminal equipment. Factors such as technological development, electric vehicle production, automation, drives the current global transducer market. In the case of high voltage or current impact, the current transducer keeps the entire system safe. It can improve the long-distance transmission signal.

A change to renewable resource adoption, growing usage of electric vehicles, and industrial automation drives the development of the current global transducer industry. That inclination towards global power output coupled with increasing production potential for automotive and consumer electronics will have a positive impact on the current growth of the transducer industry. In addition, large-scale advertising across the IOT sector, accompanied by increased deployment of existing sensors in Hall Effect, will have a positive impact on the outlook for the industry.

Major Restraints

Increasing integrated circuit adoption limits the market growth. Besides, the other factor expected to curb the growth of the current global transducer market is the high cost compared to resistive sensing.

Growing Opportunities

Increasing the number of hybrid and electric vehicles (EV and HEV) will have a positive impact on consumer development. Also, the key factors shaping the market environment are the successful deployment of these units through positioning, speed detection, proximity switching, and current sensing in different industries.

Recent Developments

Siemens Mobility has announced that they are continuing their investments in Stratasys 3D printers for a Russian project.

Johnson Controls has Introduced a Tyco HD Encoder for Analog, IP Integration which is sup-ported by exacqVision, American Dynamics and VideoEdge.

This research report on the Global Current Transducer Market has been segmented & sub-segmented into the following categories and analyzed market size & forecast for each segment until 2024.

Global Current Transducer Market: By Technology

  • Open Loop
  • Closed Loop

The closed-loop segment is estimated to have the largest market share in the technology segmen-tation of the target market. Closed-loop current transducers are costlier than the open-loop current transducer, as they are technologically advanced, which is attributing to its high market share dur-ing the forecast period.

Global Current Transducer Market: By Application

  • Motor Drive
  • Battery Management
  • UPS & SMPS
  • Converter & Inverter
  • Others

Based on the application segmentation of the current transducer market, the converter & inverter segment is estimated to be the fastest-growing segment during the outlook period owing to the adoption of renewable technology, and the growth of renewable energy sources across the globe.

Global Current Transducer Market: By End User

  • Industrial
  • Automotive
  • Renewable
  • Residential & Commercial

In the end-user segmentation of the global current transducer market, the renewable industry is estimated to witness the rapid growth from 2020 to 2025. This segment's growth is attributed to the rise in alternative energy programs in regions like Europe, Asia Pacific, and North America.

Global Current Transducer Market: By Region

  • North America - the US, Canada and Rest of North America
  • Europe - UK, France, Spain, Germany, Italy, Russia, Sweden, Denmark, Switzerland, Netherlands, Turkey, Czech Republic and Rest of Europe
  • APAC - India, China, Japan, South Korea, Australia, New Zealand, Thailand, Malaysia, Vietnam, Philippines, Indonesia, Singapore and Rest of APAC
  • Latin America - Mexico, Brazil, Argentina, Chile and Rest of Latin America
  • Middle East and Africa - KSA, UAE, Israel, rest of GCC countries, South Africa, Ethiopia, Kenya, Egypt, Sudan, rest of MEA

Geographically, it is projected that the Asia Pacific market would be the biggest in the global transducer industry during the forecast period. The next in the lead is North America followed by Europe. The US is heavily dominated in North America by the emerging transducer market. Large corporations like Tesla spends more on an electric vehicle. Also, high investment to curb carbon emissions in renewable energy sources is magnifying the demand of the market. Rising investments in the development of innovative electronic devices are fueling the demand of the market in this region.  In Europe, Germany is investing and highly adopting advanced technologies like electric vehicles with integrated sensors.

The most prominent companies leading the Global Current Transducer Market profiled in this report are ABB, LEM, CR Magnetics, Veris Industries, Siemens, Hobut, IME, Texas Instrument, Phoenix Contact, Johnson Controls, NK Technologies, American Aerospace Control (CR) & Topstek.

 

1. Introduction                 

                1.1 Market Definition    

                1.2 Study Deliverables  

                1.3 Base Currency, Base Year and Forecast Periods           

                1.4 General Study Assumptions

2. Research Methodology                           

                2.1 Introduction              

                2.2 Research Phases      

                                2.2.1 Secondary Research

                                2.2.2 Primary Research

                                2.2.3 Econometric Modelling

                                2.2.4 Expert Validation

                2.3 Analysis Design         

                2.4 Study Timeline          

3. Overview                      

                3.1 Executive Summary

                3.2 Key Inferences         

                3.3 Epidemology             

4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)                      

                4.1 Market Drivers          

                4.2 Market Restraints    

                4.3 Key Challenges         

                4.4 Current Opportunities in the Market

5. Market Segmentation                              

                5.1 Technology

                                5.1.1 Open Loop

                                5.1.2 Closed Loop

                                5.1.3 Y-o-Y Growth Analysis, By Technology

                                5.1.4 Market Attractiveness Analysis, By Technology

                                5.1.5 Market Share Analysis, By Technology

                5.2 Application 

                                5.2.1 Motor Drive

                                5.2.2 Battery Management

                                5.2.3 UPS & SMPS

                                5.2.4 Converter & Inverter

                                5.2.5 Others

                                5.2.6 Y-o-Y Growth Analysis, By Application

                                5.2.7 Market Attractiveness Analysis, By Application

                                5.2.8 Market Share Analysis, By Application

                5.3 End-User     

                                5.3.1 Industrial

                                5.3.2 Automotive

                                5.3.3 Renewable

                                5.3.4 Residential & Commercial

                                5.3.5 Y-o-Y Growth Analysis, By End-User

                                5.3.6 Market Attractiveness Analysis, By End-User

                                5.3.7 Market Share Analysis, By End-User

                                5.3.7 Y-o-Y Growth Analysis, By Application

                                5.3.8 Market Attractiveness Analysis, By Application

                                5.3.9 Market Share Analysis, By Application

                5.4 Disease Indications 

                                5.4.1 Introduction

                                5.4.2 Cancer

                                5.4.3 CardiovascularDisorders

                                5.4.4 Neurological Disorders

                                5.4.5 Immunological Disorders

                                5.4.6 Other Diseases

                                5.4.7 Y-o-Y Growth Analysis, By Disease Indications

                                5.4.8 Market Attractiveness Analysis, By Disease Indications

                                5.4.9 Market Share Analysis, By Disease Indications

6. Geographical Analysis                              

                6.1 Introduction              

                                6.1.1 Regional Trends

                                6.1.2 Impact Analysis

                                6.1.3 Y-o-Y Growth Analysis

                                6.1.4 Market Attractiveness Analysis

                                6.1.5 Market Share Analysis                        

                6.2 North America          

                                6.1.1 Introduction

                                6.1.2 United States

                                6.1.3 Canada 

                6.3 Europe         

                                6.2.1 Introduction

                                6.2.2 U.K

                                6.2.3 Spain

                                6.2.4 Germany

                                6.2.5 Italy 

                                6.2.6 France

                6.4 Asia-Pacific 

                                6.3.1 Introduction

                                6.3.2 China 

                                6.3.3 India 

                                6.3.4 Japan 

                                6.3.5 Australia

                                6.3.6 South Korea

                6.5 Latin America            

                                6.4.1 Introduction

                                6.4.2 Brazil

                                6.4.3 Argentina

                                6.4.4 Mexico

                                6.4.5 Rest of Latin America

                6.6 Middle East & Africa

                                6.5.1 Introduction

                                6.5.2 Middle-East

                                6.5.3 Africa

7. Strategic Analysis                       

                7.1 PESTLE analysis         

                                7.1.1 Political

                                7.1.2 Economic

                                7.1.3 Social

                                7.1.4 Technological

                                7.1.5 Legal

                                7.1.6 Environmental

                7.2 Porter’s Five analysis              

                                7.2.1 Bargaining Power of Suppliers

                                7.2.2 Bargaining Power of Consumers

                                7.2.3 Threat of New Entrants

                                7.2.4 Threat of Substitute Products and Services

                                7.2.5 Competitive Rivalry within the Industry

8. Market Leaders' Analysis                        

                8.1 ABB

                                8.1.1 Overview

                                8.1.2 Product Analysis

                                8.1.3 Financial analysis

                                8.1.4 Recent Developments

                                8.1.5 SWOT analysis

                                8.1.6 Analyst View

                8.2 LEM

                8.3  CR Magnetics           

                8.4  Veris Industries       

                8.5 Siemens      

                8.6 Hobut           

                8.7 IME

                8.8 Texas Instrument    

                8.9 Phoenix Contact       

                8.10 Johnson Controls   

                8.11 NK Technologies    

                8.12 American Aerospace Control (CR) & Topstek             

9. Competitive Landscape                           

                9.1 Market share analysis            

                9.2 Merger and Acquisition Analysis        

                9.3 Agreements, collaborations and Joint Ventures          

                9.4 New Product Launches          

10. Market Outlook and Investment Opportunities                          

Appendix                           

                a) List of Tables

                b) List of Figures

  • Global, regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
  • The segment-level analysis in terms of by Type, by Technology, by Application, and along with market size forecasts and estimations to detect key areas of industry growth in detail
  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographics, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the microenvironment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analyzing the level of competition and business strategy development
  • A comprehensive list of key market players along with with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis, and main conclusions
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
  • Global Current Transducer Market Market By Region, From 2019-2024 ( USD Billion )

  • Global Current Transducer Market Market By Technology, From 2019-2024 ( USD Billion )

  • Global Open-Loop Market By Region, From 2019-2024 ( USD Billion )

  • Global Closed Loop Market By Region, From 2019-2024 ( USD Billion )

  • Global Current Transducer Market Market By Application, From 2019-2024 ( USD Billion )

  • Global Motor Drive Market By Region, From 2019-2024 ( USD Billion )

  • Global Battery Management Market By Region, From 2019-2024 ( USD Billion )

  • Global UPS & SMPS Market By Region, From 2019-2024 ( USD Billion )

  • Global Converter & Inverter Market By Region, From 2019-2024 ( USD Billion )

  • Global Others Market By Region, From 2019-2024 ( USD Billion )

  • Global Current Transducer Market Market By End-User, From 2019-2024 ( USD Billion )

  • Global Industrial Market By Region, From 2019-2024 ( USD Billion )

  • Global Automotive Market By Region, From 2019-2024 ( USD Billion )

  • Global Renewable Market By Region, From 2019-2024 ( USD Billion )

  • Global Residential & Commercial Market By Region, From 2019-2024 ( USD Billion )

  • North America Current Transducer Market Market By Technology, From 2019-2024 ( USD Billion )

  • North America Open Loop Market By Region, From 2019-2024 ( USD Billion )

  • North America Closed Loop Market By Region, From 2019-2024 ( USD Billion )

  • North America Current Transducer Market Market By Application, From 2019-2024 ( USD Billion )

  • North America Motor Drive Market By Region, From 2019-2024 ( USD Billion )

  • North America Battery Management Market By Region, From 2019-2024 ( USD Billion )

  • North America UPS & SMPS Market By Region, From 2019-2024 ( USD Billion )

  • North America Converter & Inverter Market By Region, From 2019-2024 ( USD Billion )

  • North America Others Market By Region, From 2019-2024 ( USD Billion )

  • North America Current Transducer Market Market By End-User, From 2019-2024 ( USD Billion )

  • North America Industrial Market By Region, From 2019-2024 ( USD Billion )

  • North America Automotive Market By Region, From 2019-2024 ( USD Billion )

  • North America Renewable Market By Region, From 2019-2024 ( USD Billion )

  • North America Residential & Commercial Market By Region, From 2019-2024 ( USD Billion )

  • United States Current Transducer Market Market By Technology, From 2019-2024 ( USD Billion )

  • United States Current Transducer Market Market By Application, From 2019-2024 ( USD Billion )

  • United States Current Transducer Market Market By End-User, From 2019-2024 ( USD Billion )

  • Canada Current Transducer Market Market By Technology, From 2019-2024 ( USD Billion )

  • Canada Current Transducer Market Market By Application, From 2019-2024 ( USD Billion )

  • Canada Current Transducer Market Market By End-User, From 2019-2024 ( USD Billion )

  • Europe Current Transducer Market Market By Technology, From 2019-2024 ( USD Billion )

  • Europe Open Loop Market By Region, From 2019-2024 ( USD Billion )

  • Europe Closed Loop Market By Region, From 2019-2024 ( USD Billion )

  • Europe Current Transducer Market Market By Application, From 2019-2024 ( USD Billion )

  • Europe Motor Drive Market By Region, From 2019-2024 ( USD Billion )

  • Europe Battery Management Market By Region, From 2019-2024 ( USD Billion )

  • Europe UPS & SMPS Market By Region, From 2019-2024 ( USD Billion )

  • Europe Converter & Inverter Market By Region, From 2019-2024 ( USD Billion )

  • Europe Others Market By Region, From 2019-2024 ( USD Billion )

  • Europe Current Transducer Market Market By End-User, From 2019-2024 ( USD Billion )

  • Europe Industrial Market By Region, From 2019-2024 ( USD Billion )

  • Europe Automotive Market By Region, From 2019-2024 ( USD Billion )

  • Europe Renewable Market By Region, From 2019-2024 ( USD Billion )

  • Europe Residential & Commercial Market By Region, From 2019-2024 ( USD Billion )

  • U.K. Current Transducer Market Market By Technology, From 2019-2024 ( USD Billion )

  • U.K. Current Transducer Market Market By Application, From 2019-2024 ( USD Billion )

  • U.K. Current Transducer Market Market By End-User, From 2019-2024 ( USD Billion )

  • Germany Current Transducer Market Market By Technology, From 2019-2024 ( USD Billion )

  • Germany Current Transducer Market Market By Application, From 2019-2024 ( USD Billion )

  • Germany Current Transducer Market Market By End-User, From 2019-2024 ( USD Billion )

  • France Current Transducer Market Market By Technology, From 2019-2024 ( USD Billion )

  • France Current Transducer Market Market By Application, From 2019-2024 ( USD Billion )

  • France Current Transducer Market Market By End-User, From 2019-2024 ( USD Billion )

  • Italy Current Transducer Market Market By Technology, From 2019-2024 ( USD Billion )

  • Italy Current Transducer Market Market By Application, From 2019-2024 ( USD Billion )

  • Italy Current Transducer Market Market By End-User, From 2019-2024 ( USD Billion )

  • Spain Current Transducer Market Market By Technology, From 2019-2024 ( USD Billion )

  • Spain Current Transducer Market Market By Application, From 2019-2024 ( USD Billion )

  • Spain Current Transducer Market Market By End-User, From 2019-2024 ( USD Billion )

  • Asia Pacific Current Transducer Market Market By Technology, From 2019-2024 ( USD Billion )

  • Asia Pacific Open Loop Market By Region, From 2019-2024 ( USD Billion )

  • Asia Pacific Closed Loop Market By Region, From 2019-2024 ( USD Billion )

  • Asia Pacific Current Transducer Market Market By Application, From 2019-2024 ( USD Billion )

  • Asia Pacific Motor Drive Market By Region, From 2019-2024 ( USD Billion )

  • Asia Pacific Battery Management Market By Region, From 2019-2024 ( USD Billion )

  • Asia Pacific UPS & SMPS Market By Region, From 2019-2024 ( USD Billion )

  • Asia Pacific Converter & Inverter Market By Region, From 2019-2024 ( USD Billion )

  • Asia Pacific Others Market By Region, From 2019-2024 ( USD Billion )

  • Asia Pacific Current Transducer Market Market By End-User, From 2019-2024 ( USD Billion )

  • Asia Pacific Industrial Market By Region, From 2019-2024 ( USD Billion )

  • Asia Pacific Automotive Market By Region, From 2019-2024 ( USD Billion )

  • Asia Pacific Renewable Market By Region, From 2019-2024 ( USD Billion )

  • Asia Pacific Residential & Commercial Market By Region, From 2019-2024 ( USD Billion )

  • Japan Current Transducer Market Market By Technology, From 2019-2024 ( USD Billion )

  • Japan Current Transducer Market Market By Application, From 2019-2024 ( USD Billion )

  • Japan Current Transducer Market Market By End-User, From 2019-2024 ( USD Billion )

  • China Current Transducer Market Market By Technology, From 2019-2024 ( USD Billion )

  • China Current Transducer Market Market By Application, From 2019-2024 ( USD Billion )

  • China Current Transducer Market Market By End-User, From 2019-2024 ( USD Billion )

  • India Current Transducer Market Market By Technology, From 2019-2024 ( USD Billion )

  • India Current Transducer Market Market By Application, From 2019-2024 ( USD Billion )

  • India Current Transducer Market Market By End-User, From 2019-2024 ( USD Billion )

  • Australia Current Transducer Market Market By Technology, From 2019-2024 ( USD Billion )

  • Australia Current Transducer Market Market By Application, From 2019-2024 ( USD Billion )

  • Australia Current Transducer Market Market By End-User, From 2019-2024 ( USD Billion )

  • South Korea Current Transducer Market Market By Technology, From 2019-2024 ( USD Billion )

  • South Korea Current Transducer Market Market By Application, From 2019-2024 ( USD Billion )

  • South Korea Current Transducer Market Market By End-User, From 2019-2024 ( USD Billion )

  • Latin America Current Transducer Market Market By Technology, From 2019-2024 ( USD Billion )

  • Latin America Open Loop Market By Region, From 2019-2024 ( USD Billion )

  • Latin America Closed Loop Market By Region, From 2019-2024 ( USD Billion )

  • Latin America Current Transducer Market Market By Application, From 2019-2024 ( USD Billion )

  • Latin America Motor Drive Market By Region, From 2019-2024 ( USD Billion )

  • Latin America Battery Management Market By Region, From 2019-2024 ( USD Billion )

  • Latin America UPS & SMPS Market By Region, From 2019-2024 ( USD Billion )

  • Latin America Converter & Inverter Market By Region, From 2019-2024 ( USD Billion )

  • Latin America Others Market By Region, From 2019-2024 ( USD Billion )

  • Latin America Current Transducer Market Market By End-User, From 2019-2024 ( USD Billion )

  • Latin America Industrial Market By Region, From 2019-2024 ( USD Billion )

  • Latin America Automotive Market By Region, From 2019-2024 ( USD Billion )

  • Latin America Renewable Market By Region, From 2019-2024 ( USD Billion )

  • Latin America Residential & Commercial Market By Region, From 2019-2024 ( USD Billion )

  • Brazil Current Transducer Market Market By Technology, From 2019-2024 ( USD Billion )

  • Brazil Current Transducer Market Market By Application, From 2019-2024 ( USD Billion )

  • Brazil Current Transducer Market Market By End-User, From 2019-2024 ( USD Billion )

  • Argentina Current Transducer Market Market By Technology, From 2019-2024 ( USD Billion )

  • Argentina Current Transducer Market Market By Application, From 2019-2024 ( USD Billion )

  • Argentina Current Transducer Market Market By End-User, From 2019-2024 ( USD Billion )

  • Mexico Current Transducer Market Market By Technology, From 2019-2024 ( USD Billion )

  • Mexico Current Transducer Market Market By Application, From 2019-2024 ( USD Billion )

  • Mexico Current Transducer Market Market By End-User, From 2019-2024 ( USD Billion )

  • Rest of Latin America Current Transducer Market Market By Technology, From 2019-2024 ( USD Billion )

  • Rest of Latin America Current Transducer Market Market By Application, From 2019-2024 ( USD Billion )

  • Rest of Latin America Current Transducer Market Market By End-User, From 2019-2024 ( USD Billion )

  • Middle East and Africa Current Transducer Market Market By Technology, From 2019-2024 ( USD Billion )

  • Middle East and Africa Open Loop Market By Region, From 2019-2024 ( USD Billion )

  • Middle East and Africa Closed Loop Market By Region, From 2019-2024 ( USD Billion )

  • Middle East and Africa Current Transducer Market Market By Application, From 2019-2024 ( USD Billion )

  • Middle East and Africa Motor Drive Market By Region, From 2019-2024 ( USD Billion )

  • Middle East and Africa Battery Management Market By Region, From 2019-2024 ( USD Billion )

  • Middle East and Africa UPS & SMPS Market By Region, From 2019-2024 ( USD Billion )

  • Middle East and Africa Converter & Inverter Market By Region, From 2019-2024 ( USD Billion )

  • Middle East and Africa Others Market By Region, From 2019-2024 ( USD Billion )

  • Middle East and Africa Current Transducer Market Market By End-User, From 2019-2024 ( USD Billion )

  • Middle East and Africa Industrial Market By Region, From 2019-2024 ( USD Billion )

  • Middle East and Africa Automotive Market By Region, From 2019-2024 ( USD Billion )

  • Middle East and Africa Renewable Market By Region, From 2019-2024 ( USD Billion )

  • Middle East and Africa Residential & Commercial Market By Region, From 2019-2024 ( USD Billion )

  • Middle East Current Transducer Market Market By Technology, From 2019-2024 ( USD Billion )

  • Middle East Current Transducer Market Market By Application, From 2019-2024 ( USD Billion )

  • Middle East Current Transducer Market Market By End-User, From 2019-2024 ( USD Billion )

  • Africa Current Transducer Market Market By Technology, From 2019-2024 ( USD Billion )

  • Africa Current Transducer Market Market By Application, From 2019-2024 ( USD Billion )

  • Africa Current Transducer Market Market By End-User, From 2019-2024 ( USD Billion )

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