Voltage Transducer Global Market Report 2024

Description

“Voltage Transducer Global Market Report 2024 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on voltage transducer market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

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Where is the largest and fastest growing market for voltage transducer? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The voltage transducer market global report ” from The Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

Scope

Markets Covered:

1) By Type: Alternating Current (AC); Direct Current (DC)
2) By Application: Railway Applications; Solar Panels; Multi-Parameter; Power Plants; Industrial Machinery; Electric Vehicles; Data Centers
3) By End-User: Transportation; Energy And Utilities; Manufacturing; IT And Telecommunication
Companies Mentioned: Siemens AG; Schneider Electric SE; Honeywell International Inc.; ABB Ltd.; Eaton Corp.
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery format: PDF, Word and Excel Data Dashboard.

Executive Summary

A voltage transducer, also referred to as a voltage sensor, plays a critical role in converting electrical voltage into an equivalent electrical signal with a corresponding amplitude. This transformation is essential for a wide range of applications, including power measurement and control systems.

Voltage transducers come in two main types such as alternating current (AC) and direct current (DC). AC transducers handle currents that regularly change direction and intensity. They find applications in diverse sectors like railways, solar energy systems, multi-parameter setups, power generation facilities, industrial equipment, electric vehicles, and data centers. Their significance extends across transportation, energy, utilities, manufacturing, information technology, and telecommunications. These devices play a pivotal role in modern technology-driven industries.

The voltage transducers market research report is one of a series of new reports from The Business Research Company that provides voltage transducers market statistics, including voltage transducers industry global market size, regional shares, competitors with a voltage transducers market share, detailed voltage transducers market segments, market trends and opportunities and any further data you may need to thrive in the voltage transducers industry. This voltage transducers market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The voltage transducer market size has grown strongly in recent years. It will grow from $2.29 billion in 2023 to $2.44 billion in 2024 at a compound annual growth rate (CAGR) of 6.8%. The growth in the historic period can be attributed to growing need for industrial automation, increasing energy management, increasing smart grid development, rise in telecommunications.

The voltage transducer market size is expected to see strong growth in the next few years. It will grow to $3.08 billion in 2028 at a compound annual growth rate (CAGR) of 6.0%. The growth in the forecast period can be attributed to electric vehicle (ev) charging infrastructure, industrial internet of things (iiot), data center growth, increasing investments in research and development. Major trends in the forecast period include technological advancements, edge computing, advanced metering infrastructure (ami), demand response programs.

The increasing adoption of electric vehicles is set to drive the growth of the voltage transducers market in the foreseeable future. Electric vehicles operate using motors powered by electricity stored in batteries, as opposed to internal combustion engines. Voltage transducers play a crucial role in regulating and monitoring voltage levels at charging stations, ensuring a safe and efficient charging process by preventing voltage fluctuations and potential damage to the grid. For instance, in May 2022, the International Energy Agency reported a nearly twofold increase in electric vehicle sales in 2021, reaching a record high of 10.2 million units. Furthermore, global electric car sales for 2023 are projected to reach 14 million units, marking a growth rate of 35%. Therefore, the surge in electric vehicle adoption will be a driving force for the voltage transducers market.

The increasing adoption of solar panels is set to drive the growth of the voltage transducers market in the foreseeable future. Solar panels are devices that convert sunlight into electrical energy, utilizing photovoltaic cells to capture solar radiation and produce power. Within solar panel systems, voltage transducers play a crucial role in monitoring the voltage output, ensuring optimal energy generation and preventing battery drainage when the panel voltage drops below that of the battery. For instance, in September 2022, the Energy Information Administration reported a 23% increase in small-scale solar additions in the U.S., reaching 5.4 GW in 2021, up from 4.4 GW in the previous year. Residential installations also saw a significant surge, rising by 34% to 3.9 GW from 2.9 GW in 2020. Consequently, the growing adoption of solar panels will be a driving factor for the voltage transducers market.year. Residential installations also saw a significant surge, rising by 34% to 3.9 GW from 2.9 GW in 2020. Therefore, the increasing adoption of solar panels will drive the voltage transducer market.

The escalating costs are anticipated to hinder the voltage transducers market in the future. A surge in the pricing of voltage transducers can potentially result in decreased demand and may prompt potential buyers to be more price-conscious. For instance, American Aerospace Controls, a U.S.-based manufacturer of AC & DC current and voltage transducers, offers an AC voltage transducer priced at $528. As such, the increasing costs are presenting a constraint to the voltage transducers market moving forward.

Market-leading companies are dedicated to pioneering cutting-edge voltage transducers, integrating fluxgate technology to bolster their competitive edge. Fluxgate technology, a form of magnetic sensing technology, is employed for precise measurement of magnetic fields. For example, in January 2022, Shenzhen Hangzhi Precision Electronics Co. Ltd., a China-based manufacturer specializing in high-precision current sensors and measuring instruments, introduced the Hangzhi HCV series high-precision voltage transducer. This component, built on fluxgate technology, serves as a voltage control and measurement tool. It excels in accurately detecting DC, AC, pulse, and various irregular voltages while ensuring perfect isolation between the primary and secondary sides. The device finds primary application in metrological verification, calibration, power quality monitoring, power analyzers, medical equipment, aerospace, naval vessels, and other sectors demanding exceptional sensitivity, stability, and reliability.

In January 2023, TE Connectivity Ltd., a Switzerland-based company specializing in the design and production of connectors and sensors, completed the acquisition of Kries Energietechnik GmbH & Co. kg. This strategic move aims to enhance TE's portfolio in power grid monitoring, protection, and automation technologies. Kries Energietechnik, headquartered in Germany, is a leading manufacturer of power grid equipment and solutions, notably renowned for its expertise in voltage sensors.

Major players in the voltage transducer market are Siemens AG, Schneider Electric SE, Honeywell International Inc., ABB Ltd., Eaton Corp., Emerson Electric Co., TE Connectivity Ltd., Analog Devices Inc., Digi-Key Electronics Corp., Phoenix Contact GmbH & Co. KG, Yokogawa Electric Corporation, Fluke Corporation, LEM Holding SA, Veris Industries LLC, Ashcroft Inc., Dwyer Instruments Inc., Red Lion Controls Inc., NK Technologies, Building Automation Products Inc., Acromag Inc., Magnelab Corporation, Omron Automation Pvt. Ltd., Electro-Sensors Inc., Althen Sensors & Controls B.V., CR Magnetics Inc., Carlo Gavazzi Automation SpA, Aim Dynamics Inc., Continental Control Systems LLC, Darrah Electric Company .

North America was the largest region in the voltage transducers market in 2023. The regions covered in voltage transducers report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The countries covered in the voltage transducers market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The voltage transducers market consists of sales of resistive voltage transducers, inductive voltage transducers, circuit breaker, lightning arrester. Values in this market are 'factory gate' values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Product Code: r12318

1. Executive Summary

2. Voltage Transducer Market Characteristics

3. Voltage Transducer Market Trends And Strategies

4. Voltage Transducer Market - Macro Economic Scenario

4.1. Impact Of High Inflation On The Market
4.2. Ukraine-Russia War Impact On The Market
4.3. COVID-19 Impact On The Market

5. Global Voltage Transducer Market Size and Growth

5.1. Global Voltage Transducer Market Drivers and Restraints
- 5.1.1. Drivers Of The Market
- 5.1.2. Restraints Of The Market
5.2. Global Voltage Transducer Historic Market Size and Growth, 2018 - 2023, Value ($ Billion)
5.3. Global Voltage Transducer Forecast Market Size and Growth, 2023 - 2028, 2033F, Value ($ Billion)

6. Voltage Transducer Market Segmentation

6.1. Global Voltage Transducer Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Alternating Current (AC)
Direct Current (DC)
6.2. Global Voltage Transducer Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Railway Applications
Solar Panels
Multi-Parameter
Power Plants
Industrial Machinery
Electric Vehicles
Data Centers
6.3. Global Voltage Transducer Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Transportation
Energy And Utilities
Manufacturing
IT And Telecommunication

7. Voltage Transducer Market Regional And Country Analysis

7.1. Global Voltage Transducer Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
7.2. Global Voltage Transducer Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

8. Asia-Pacific Voltage Transducer Market

8.1. Asia-Pacific Voltage Transducer Market Overview
Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Voltage Transducer Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.3. Asia-Pacific Voltage Transducer Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.4. Asia-Pacific Voltage Transducer Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

9. China Voltage Transducer Market

9.1. China Voltage Transducer Market Overview
9.2. China Voltage Transducer Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.3. China Voltage Transducer Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.4. China Voltage Transducer Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

10. India Voltage Transducer Market

10.1. India Voltage Transducer Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.2. India Voltage Transducer Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.3. India Voltage Transducer Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

11. Japan Voltage Transducer Market

11.1. Japan Voltage Transducer Market Overview
11.2. Japan Voltage Transducer Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.3. Japan Voltage Transducer Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.4. Japan Voltage Transducer Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

12. Australia Voltage Transducer Market

12.1. Australia Voltage Transducer Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.2. Australia Voltage Transducer Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.3. Australia Voltage Transducer Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

13. Indonesia Voltage Transducer Market

13.1. Indonesia Voltage Transducer Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.2. Indonesia Voltage Transducer Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.3. Indonesia Voltage Transducer Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

14. South Korea Voltage Transducer Market

14.1. South Korea Voltage Transducer Market Overview
14.2. South Korea Voltage Transducer Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.3. South Korea Voltage Transducer Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.4. South Korea Voltage Transducer Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

15. Western Europe Voltage Transducer Market

15.1. Western Europe Voltage Transducer Market Overview
15.2. Western Europe Voltage Transducer Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.3. Western Europe Voltage Transducer Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.4. Western Europe Voltage Transducer Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

16. UK Voltage Transducer Market

16.1. UK Voltage Transducer Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.2. UK Voltage Transducer Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.3. UK Voltage Transducer Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

17. Germany Voltage Transducer Market

17.1. Germany Voltage Transducer Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.2. Germany Voltage Transducer Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.3. Germany Voltage Transducer Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

18. France Voltage Transducer Market

18.1. France Voltage Transducer Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.2. France Voltage Transducer Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.3. France Voltage Transducer Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

19. Italy Voltage Transducer Market

19.1. Italy Voltage Transducer Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.2. Italy Voltage Transducer Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.3. Italy Voltage Transducer Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

20. Spain Voltage Transducer Market

20.1. Spain Voltage Transducer Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.2. Spain Voltage Transducer Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.3. Spain Voltage Transducer Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

21. Eastern Europe Voltage Transducer Market

21.1. Eastern Europe Voltage Transducer Market Overview
21.2. Eastern Europe Voltage Transducer Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.3. Eastern Europe Voltage Transducer Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.4. Eastern Europe Voltage Transducer Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

22. Russia Voltage Transducer Market

22.1. Russia Voltage Transducer Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.2. Russia Voltage Transducer Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.3. Russia Voltage Transducer Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

23. North America Voltage Transducer Market

23.1. North America Voltage Transducer Market Overview
23.2. North America Voltage Transducer Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.3. North America Voltage Transducer Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.4. North America Voltage Transducer Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

24. USA Voltage Transducer Market

24.1. USA Voltage Transducer Market Overview
24.2. USA Voltage Transducer Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.3. USA Voltage Transducer Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.4. USA Voltage Transducer Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

25. Canada Voltage Transducer Market

25.1. Canada Voltage Transducer Market Overview
25.2. Canada Voltage Transducer Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.3. Canada Voltage Transducer Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.4. Canada Voltage Transducer Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

26. South America Voltage Transducer Market

26.1. South America Voltage Transducer Market Overview
26.2. South America Voltage Transducer Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.3. South America Voltage Transducer Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.4. South America Voltage Transducer Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

27. Brazil Voltage Transducer Market

27.1. Brazil Voltage Transducer Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.2. Brazil Voltage Transducer Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.3. Brazil Voltage Transducer Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

28. Middle East Voltage Transducer Market

28.1. Middle East Voltage Transducer Market Overview
28.2. Middle East Voltage Transducer Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.3. Middle East Voltage Transducer Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.4. Middle East Voltage Transducer Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

29. Africa Voltage Transducer Market

29.1. Africa Voltage Transducer Market Overview
29.2. Africa Voltage Transducer Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.3. Africa Voltage Transducer Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.4. Africa Voltage Transducer Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

30. Voltage Transducer Market Competitive Landscape And Company Profiles

30.1. Voltage Transducer Market Competitive Landscape
30.2. Voltage Transducer Market Company Profiles
- 30.2.1. Siemens AG
  - 30.2.1.1. Overview
  - 30.2.1.2. Products and Services
  - 30.2.1.3. Strategy
  - 30.2.1.4. Financial Performance
- 30.2.2. Schneider Electric SE
  - 30.2.2.1. Overview
  - 30.2.2.2. Products and Services
  - 30.2.2.3. Strategy
  - 30.2.2.4. Financial Performance
- 30.2.3. Honeywell International Inc.
  - 30.2.3.1. Overview
  - 30.2.3.2. Products and Services
  - 30.2.3.3. Strategy
  - 30.2.3.4. Financial Performance
- 30.2.4. ABB Ltd.
  - 30.2.4.1. Overview
  - 30.2.4.2. Products and Services
  - 30.2.4.3. Strategy
  - 30.2.4.4. Financial Performance
- 30.2.5. Eaton Corp.
  - 30.2.5.1. Overview
  - 30.2.5.2. Products and Services
  - 30.2.5.3. Strategy
  - 30.2.5.4. Financial Performance

31. Voltage Transducer Market Other Major And Innovative Companies

31.1. Emerson Electric Co.
31.2. TE Connectivity Ltd.
31.3. Analog Devices Inc.
31.4. Digi-Key Electronics Corp.
31.5. Phoenix Contact GmbH & Co. KG
31.6. Yokogawa Electric Corporation
31.7. Fluke Corporation
31.8. LEM Holding SA
31.9. Veris Industries LLC
31.10. Ashcroft Inc.
31.11. Dwyer Instruments Inc.
31.12. Red Lion Controls Inc.
31.13. NK Technologies
31.14. Building Automation Products Inc.
31.15. Acromag Inc.

32. Global Voltage Transducer Market Competitive Benchmarking

33. Global Voltage Transducer Market Competitive Dashboard

34. Key Mergers And Acquisitions In The Voltage Transducer Market

35. Voltage Transducer Market Future Outlook and Potential Analysis

35.1 Voltage Transducer Market In 2028 - Countries Offering Most New Opportunities
35.2 Voltage Transducer Market In 2028 - Segments Offering Most New Opportunities
35.3 Voltage Transducer Market In 2028 - Growth Strategies
- 35.3.1 Market Trend Based Strategies
- 35.3.2 Competitor Strategies

36. Appendix

36.1. Abbreviations
36.2. Currencies
36.3. Historic And Forecast Inflation Rates
36.4. Research Inquiries
36.5. The Business Research Company
36.6. Copyright And Disclaimer