PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1447589
PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1447589
Closed Loop Current Transducer Market Size - By Application (Motor Drive, Converter & Inverter, Battery Management, UPS & SMPS), By End Use (Industrial, Utility, Automotive), & Forecast, 2024 - 2032
The closed loop current transducer market is expected to expand at a rate of 4% during 2024-2032, driven by rising automation, and favorable regulatory policies.
According to a report by Eagle Technologies, automation is set to revolutionize the workforce, with approximately 60% of occupations capable of automating at least 30% of their tasks. This shift is projected to boost global productivity by 0.8% to 1.4% annually. As industries continue to automate their processes to enhance efficiency and productivity, the demand for precise current monitoring solutions has surged. Additionally, the growing focus on energy efficiency and the need for real-time monitoring and control in power distribution systems are driving the market growth. Furthermore, stringent regulatory mandates pertaining to energy conservation and safety standards are further bolstering the demand for closed-loop current transducers.
The closed loop current transducer industry is classified based on application, end-use, and region.
The converter & inverter application segment is expected to witness substantial growth during the forecast period, owing to the vital role of closed loop current transducers in providing accurate measurement of current flow in power electronic systems. With the increasing adoption of renewable energy sources and the rapid acceptance of electric vehicles, the demand for efficient power conversion technologies is escalating.
The automotive end-use segment is poised to witness decent growth till 2032, owing to the growing electrification trend and the shift towards electric and hybrid vehicles. These transducers are integral components in battery management systems, electric power steering, and other automotive applications requiring precise current monitoring.
Europe closed loop current transducer industry is set to witness prominence by 2032, driven by stringent regulations promoting energy efficiency, alongside increasing investments in renewable energy projects. Countries like Germany, France, and the United Kingdom are at the forefront of adopting advanced technologies, thereby fueling the demand for closed loop current transducers across various industrial sectors. Moreover, initiatives aimed at modernizing existing infrastructure and promoting sustainable energy solutions are further augmenting market growth in the region.
Table of Contents
Chapter 1 Methodology & Scope
- 1.1 Market scope and definitions
- 1.2 Base estimates & calculations
- 1.3 Forecast calculations
- 1.4 Data sources
- 1.4.1 Primary
- 1.4.2 Secondary
- 1.4.2.1 Paid sources
- 1.4.2.2 Public sources
Chapter 2 Executive Summary
- 2.1 Closed loop closed loop current transducer industry 360 degree synopsis, 2019 - 2032
- 2.1.1 Business trends
- 2.1.2 Application trends
- 2.1.3 End use trends
- 2.1.5 Regional trends
Chapter 3 Closed Loop Current Transducer Industry Insights
- 3.1 Industry ecosystem analysis
- 3.1.1 Vendor matrix
- 3.2 Regulatory landscape
- 3.3 Industry impact forces
- 3.3.1 Growth drivers
- 3.3.2 Industry pitfalls & challenges
- 3.4 Growth potential analysis
- 3.5 Porter's analysis
- 3.5.1 Bargaining power of suppliers
- 3.5.2 Bargaining power of buyers
- 3.5.3 Threat of new entrants
- 3.5.4 Threat of substitutes
- 3.6 PESTEL analysis
Chapter 4 Competitive Benchmarking
- 4.1 Innovation & sustainability landscape
- 4.2 Competitive landscape, 2023
- 4.2.1 Strategy dashboard
Chapter 5 Closed Loop Current Transducer Market, By Application
- 5.1 Key application trends
- 5.2 Motor drive
- 5.3 Converter & inverter
- 5.4 Battery management
- 5.5 UPS & SMPS
- 5.6 Others
Chapter 6 Closed Loop Current Transducer Market, By End Use
- 6.1 Key end use trends
- 6.2 Industrial
- 6.3 Utility
- 6.4 Automotive
- 6.5 Others
Chapter 7 Closed Loop Current Transducer Market, By Region
- 7.1 Key regional trends
- 7.2 North America
- 7.2.1 U.S.
- 7.2.2 Canada
- 7.2.3 Mexico
- 7.3 Europe
- 7.3.1 Germany
- 7.3.2 France
- 7.3.3 Russia
- 7.3.4 UK
- 7.3.5 Italy
- 7.3.6 Spain
- 7.3.7 Netherlands
- 7.4 Asia Pacific
- 7.4.1 China
- 7.4.2 Japan
- 7.4.3 South Korea
- 7.4.4 India
- 7.4.5 Australia
- 7.5 Middle East & Africa
- 7.5.1 Saudi Arabia
- 7.5.2 UAE
- 7.5.3 Qatar
- 7.5.4 Egypt
- 7.5.5 South Africa
- 7.5.6 Nigeria
- 7.6 Latin America
- 7.6.1 Brazil
- 7.6.2 Peru
- 7.6.3 Argentina
Chapter 8 Company Profiles
- 8.1 ABB
- 8.2 CHEEMI TECHNOLOGY CO., LIMITED
- 8.3 CHENYANG TECHNOLOGIES
- 8.4 Danisense
- 8.5 HBK
- 8.6 Howard Butler Ltd
- 8.7 Johnson Controls
- 8.8 LEM International SA
- 8.9 luksens
- 8.10 NK Technologies
- 8.11 Phoenix Contact
- 8.12 PowerUC
- 8.13 Senis AG
- 8.14 Sensor Electronic Technology
- 8.15 Siemens
- 8.16 Texas Instruments Incorporated
- 8.17 Topstek Inc
- 8.18 VACUUMSCHMELZE GmbH & Co. KG
