PUBLISHER: The Business Research Company | PRODUCT CODE: 1695280
PUBLISHER: The Business Research Company | PRODUCT CODE: 1695280
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 $2.44 billion in 2024 to $2.6 billion in 2025 at a compound annual growth rate (CAGR) of 6.6%. 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 $3.29 billion in 2029 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 growing adoption of electric vehicles is expected to drive the growth of the voltage transducers market in the coming years. Electric vehicles (EVs) are powered by electricity stored in batteries and operate using electric motors, with their batteries charged through electricity. Voltage transducers are essential components that monitor and adjust voltage levels at charging stations, ensuring the charging process is safe and efficient by preventing voltage fluctuations and potential grid damage. For example, in July 2023, the International Energy Agency (IEA), a France-based intergovernmental organization, reported that over 2.3 million electric cars were sold in the first quarter of 2023, marking a 25% increase compared to the same period in 2022. By the end of 2023, sales are projected to reach 14 million units, representing a 35% year-on-year increase, with growth accelerating in the latter half of the year. As a result, the rising adoption of electric vehicles is expected to drive demand for voltage transducers.
The growing number of solar panel installations is expected to drive the growth of the voltage transducers market in the coming years. Solar panels are devices that convert sunlight into electricity, using photovoltaic cells to capture solar energy and generate power. Voltage transducers are crucial components in solar panels, as they monitor the voltage output and prevent the battery from discharging when the panel's voltage is lower than that of the battery. For example, in March 2024, the Solar Energy Industries Association (SEIA), a US-based non-profit trade association, reported that 32.4 gigawatts (GW) of new electric generating capacity were added in 2023. This marked a 37% increase from the previous record set in 2021 and a 51% increase from 2022. Consequently, the rising adoption of solar panels is expected to drive the demand for voltage transducers.
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 companies operating 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 2024. 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.
Voltage Transducer Global Market Report 2025 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.
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.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.