A transducer is often a sensor and electronic device that converts temperature or pressure into an electric signal. Current transducers are used for measuring energy consumption on the power grid. The global current transducer market is valued at $598.6 Million in 2019 and is estimated to reach $720 Million by 2025 with a CAGR of 3.31% during the forecast period 2019-2025. Factors such as technological advancements in current transducers, growing industrial automation, increasing importance on renewable resources, and increasing demand for electric vehicles & high usage of energy storage machines are leading the market growth. Despite these drivers, the major restraints hindering the market growth are raising adoption of integrated systems. Rising demand for eco-friendly electric & hybrid vehicles and growing demand for control & monitoring systems owing to urbanizations and industrialization are the major factors offering profitable opportunities to the current transducer market growth during the forecast period 2019-2025.
Research Study Objectives:
- Define, estimate, and forecast the Current Transducer market statistics by technology, application, end user, and regions concerning the individual growth drivers, market trends and their contribution toward the Current Transducer market growth
- Provides comprehensive information regarding the key factors influencing the market growth (Drivers, Restraints & Challenges, and Opportunities)
- Estimate & forecast the market size of all the segments concerning geographies including North America, Europe, Asia Pacific (APAC), South America and the Middle East and Africa (MEA).
- Recent competitive developments including M&A (Mergers and Acquisitions), Partnerships, and Product Innovations are provided in the Current Transducer Market Analysis
- Analysis and conclusions on the future Current Transducer market outlook.
Top-down and bottom-up approaches are used to validate the Current Transducer Market Size and are used to estimate the size of other
dependent submarkets. Key players in the market are identified through various secondary sources; databases including Bloomberg Businessweek, Hoovers, Factiva, journals and associations and the market revenues are estimated and are thoroughly validated through primary and secondary research. Secondary research involves the study of annual and financial reports of top players in the market, whereas primary research includes extensive interviews with the KoL’s such as CEOs, directors, board members, VP’s, sales managers, engineers, marketing executives, technicians, account managers, investors, strategic decision makers and others. The Current Transducer Market shares and breakdowns are determined using secondary sources and are verified by the primary sources. All possible parameters/factors that are affecting the Current Transducer market demand are covered in the research study are verified through primary research, analysed and interpreted to get the final qualitative and quantitative data. This data is collected and added with detailed analysis from Envision Inteligence and presented in this report.
The scope of the Report
The Current Transducer market segmentation is as follows:
By Technology
By Application
- Motor Drive
- Battery Management
- Converter & Inverter
- UPS & SMPS
- Others
By End User
- Industrial
- Commercial & Industrial
- Transportation & Automotive
- Paper & Textile
- Others
Geographical Analysis:
Current Transducer Market is segmented by geography into North America, South America, Europe, APAC and Middle East & Africa. U.S., Canada, Mexico and Costa Rica are analysed under North American region which is usually turning as the hotspot in the market. The South American region is further segregated into Brazil, Argentina, Chile, Columbia and some other emerging economies. In Europe, the market is extensively examined by covering U.K., Germany, France, Italy, Spain, Netherlands, Poland, Switzerland and some other promising economies. APAC is further categorised by countries into China, India, Japan, South Korea, Australia
& New Zealand, Malaysia, Singapore and many other emerging nations. In the Middle East & African region, Saudi Arabia, UAE, Iran, Iraq, Qatar, South Africa, Algeria, Morocco, Nigeria and so on countries are evaluated to understand the market growth lucidly.
Customization Options:
With the given research report, Envision Inteligence offers customisations as per the client’s specific requirements. The following customisation options offered for the Current Transducer Market include:
- Scope Revision
- Geographic Analysis
- Company Profiles
- Historical Data & Forecasting
- Key Contact Persons in companies
Global Current Transducer Market Research Report Includes:
- An executive summary condensing the whole report such that essential authority can rapidly twist up doubtlessly acquainted with brief overview and conclusion.
- To have a complete market analysis through industry value chain analysis, Porter’s Five Force Model, PESTLE, SWOT analysis, and Y-o-Y analysis.
- Regional and global diversity is analysed with the major countries and the unions. Scrutinizing the revenue generation on Year-On-Year
- Identifying DROC in the current market and their impact on altering market dynamics.
- Competitive landscape analysis to identify the merger and acquisition which will have a comparative financial study with significant competitors.
- Expertise investment opportunities by an analyst to the individual and organisation to have a better foothold in the market.
- Identify the latest developments, market shares and strategies that are employed by the significant Current Transducer market players, such as
- ABB Group
- LEM
- CR Magnetics
- Veris Industries, LLC.
- Siemens AG
- Along with these companies, many other companies are considered in the report while analysing the Global Current Transducer competitive strategies and environment. These companies held substantial share-owning to the nature of the industry whereas, the rest of the market shares are marginal chunks to regional and local level manufacturers. Other players also have considerable presence owing to its robust brand image, geographical reach and stable customer base.
