Current Transducer Market by Technology (Open Loop, Close Loop), Application (Motor Drive, Battery Management, UPS & SMPS, Converter & Inverter), End-User (Industrial, Renewables, Automotive, Residential & Commercial), and Region - Global Forecast to 2023

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Date: 13-Apr-2018
No. of pages: 127
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“The current transducer market is projected to grow at a CAGR of 3.31%, from 2018 to 2023.”

The global current transducer market is estimated at USD 581.1 million in 2018 and is projected to grow at a CAGR of 3.31% to reach USD 683.7 million by 2023. These are highly technical products, and the growth of the current transducer market is mainly attributed to the technological development of transducers. The increasing adoption of renewable resources, electric vehicles, control & monitoring systems, and industrial automation is driving the growth of the market. The major restraint for the current transducer market is the increasing adoption of integrated systems.

“The converter & inverter segment is expected to be the fastest growing application segment by 2023.”

With regards to the application segment, the converter & inverter segment is expected to grow at the fastest CAGR during the forecast period. The major application of converters & inverters is to convert DC to AC power and vice versa. The adoption of renewable technology is driving the demand for the converter & inverter segment. The power generated through renewable sources are either stored or transferred to grid; in both the processes, converters & inverters are required for conversion of power. The growth of renewable energy sources across the globe is driving the market for current transducers.

“Asia Pacific is projected to be the largest market for current transducers during the forecast period.”

The Asia Pacific is projected to be the largest market for current transducers during the forecast period. The major driver for the current transducer market is the increasing adoption of renewable energy sources, electric vehicles, control & monitoring systems, and industrial automation. According to REN21, China has the highest renewable power installation across the globe for renewable energy sources in 2016 at 325 giga watts. China is also the largest market for electric vehicles due to different incentive schemes from the government of China to promote electric vehicles. Japan is leading the industrial automation regime and already looking forward to Industry 5.0. China, Japan, and India are the major economies in the region, the development in these countries are projected to lead the current transducer market in Asia Pacific.

Breakdown of Primaries:

In-depth interviews have been conducted with various key industry participants, subject-matter experts, C-level executives of key market players, and industry consultants, among other experts, to obtain and verify critical qualitative and quantitative information, as well as to assess future market prospects.

The distribution of primary interviews is as follows:


  • By Company Type: Tier 3—100%,

  • By Designation: C–Level—12%, Director Level—25%, Others—63%

  • By Region: North America—25%, Europe—25%, Asia Pacific—50%


Note: Others includes sales managers, product managers, and design engineers

The tier of the company has been defined on the basis of its total revenue, as of 2013: Tier 1 = > USD 1 billion, Tier 2 = From USD 1 billion to USD 500 million, and Tier 3 = < USD 500 million

Some of the prominent players in the current transducer market include LEM(Switzerland), CR Magnetic (US), NK Technologies (US), Veris Industries (US), and Phoenix Contact (US).

Research Coverage:

The report defines, describes, and forecasts the global current transducer market on the basis of technology, application, end-user, and region. It also offers a detailed qualitative and quantitative analysis of the market. The report provides a comprehensive review of the major market drivers, restraints, opportunities, challenges, winning imperatives, and key issues. It also covers various important aspects of the market.

Why buy this report?


  • The report identifies and addresses key markets for current transducers, which would help suppliers review the growth in the demand for the product.

  • The report helps solution providers understand the pulse of the market, and provide insights into drivers, restraints, and challenges.

  • The report will help key players understand the strategies of their competitors better and will help in making strategic decisions.

Current Transducer Market by Technology (Open Loop, Close Loop), Application (Motor Drive, Battery Management, UPS & SMPS, Converter & Inverter), End-User (Industrial, Renewables, Automotive, Residential & Commercial), and Region - Global Forecast to 2023

Table of Contents

1 Introduction
1.1 Objectives of the Study
1.2 Definition
1.3 Market Scope
1.3.1 Market Segmentation
1.3.2 Regional Scope
1.3.3 Years Considered for the Study
1.4 Currency
1.5 Stakeholders

2 Research Methodology
2.1 Research Data
2.1.1 Secondary Data
2.1.1.1 Key Secondary Sources
2.1.2 Primary Data
2.1.2.1 Key Data From Primary Sources
2.1.2.2 Key Industry Insight
2.1.2.3 Breakdown of Primaries
2.2 Market Size Estimation
2.2.1 Bottom-Up Approach
2.2.2 Top Down Approach
2.3 Market Breakdown & Data Triangulation
2.4 Research Assumption

3 Executive Summary

4 Premium Insights
4.1 Attractive Opportunities in the Current Transducer Market
4.2 Current Transducer Market, By Technology
4.3 Current Transducer Market, By Application
4.4 Current Transducer Market, By End-User
4.5 Asia Pacific Current Transducer Market: Technology & Country
4.6 Current Transducer Market, By Country

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Increasing Use of Battery-Powered Application and Renewable Energy
5.2.1.2 Technological Advancements in Current Transducer
5.2.1.3 High Cost Associated With Production Breakdown in the Industrial Segment
5.2.2 Restraints
5.2.2.1 Increasing Use of the Integrated Product
5.2.3 Opportunities
5.2.3.1 Increasing Demand for Eco-Friendly Electric and Hybrid Vehicles
5.2.3.2 Rising Demand for Control and Monitoring System Owing to Urbanization and Industrialization

6 Current Transducer Market, By Technology
6.1 Introduction
6.2 Closed Loop
6.3 Open Loop

7 Current Transducer Market, By Application
7.1 Introduction
7.2 Motor Drive
7.3 Converter & Inverter
7.4 Battery Management
7.5 UPS and SMPS
7.6 Others

8 Current Transducer Market, By End User
8.1 Introduction
8.2 Industrial
8.2.1 Telecommunication
8.2.2 Machinery
8.2.3 Medical Equipment
8.2.4 Paper & Textile
8.2.5 Others
8.3 Commercial & Residential
8.4 Renewable Energy
8.5 Transportation & Automotive
8.6 Others

9 Current Transducer Market, By Region
9.1 Introduction
9.2 Asia Pacific
9.2.1 China
9.2.2 India
9.2.3 South Korea
9.2.4 Japan
9.2.5 Australia
9.2.6 Rest of Asia Pacific
9.3 Europe
9.3.1 Germany
9.3.2 UK
9.3.3 Italy
9.3.4 Spain
9.3.5 France
9.3.6 Russia
9.3.7 Rest of Europe
9.4 North America
9.4.1 US
9.4.2 Canada
9.4.3 Mexico
9.5 South America
9.5.1 Brazil
9.5.2 Argentina
9.5.3 Rest of South America
9.6 Middle East & Africa
9.6.1 Saudi Arabia
9.6.2 UAE
9.6.3 Qatar
9.6.4 South Africa
9.6.5 Egypt
9.6.6 Rest of Middle East & Africa

10 Competitive Landscape
10.1 Overview
10.2 Market Ranking of Players and Industry Concentration, 2017
10.3 Competitive Scenario
10.3.1 New Product Launches
10.3.2 Contracts & Agreements

11 Company Profiles
(Business Overview, Products Offered, Recent Developments, MnM View)*
11.1 ABB
11.2 LEM
11.3 CR Magnetic
11.4 Veris Industries
11.5 Siemens
11.6 Hobut
11.7 IME
11.8 Texas Instrument
11.9 Phoenix Contact
11.10 Johnson Controls
11.11 NK Technologies
11.12 American Aerospace Control (CR)
11.13 Topstek

*Business Overview, Products Offered, Recent Developments, MnM View Might Not Be Captured in Case of Unlisted Companies.

12 Appendix
12.1 Insights of Industry Experts
12.2 Discussion Guide
12.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
12.4 Introducing RT: Real-Time Market Intelligence
12.5 Available Customizations
12.6 Related Reports
12.7 Author Details

List of Tables

Table 1 Current Transducer Market Snapshot
Table 2 Global Current Transducer Market Size, By Technology, 2016–2023 (USD Million)
Table 3 Closed Loop: Current Transducer Market Size, By Region, 2016-2023 (USD Million)
Table 4 Open Loop: Current Transducer Market Size, By Region, 2016–2023 (USD Million)
Table 5 Current Transducer Market Size, By Application, 2016–2023 (USD Million)
Table 6 Motor Drive: Current Transducer Market, By Region, 2016–2023 (USD Million)
Table 7 Converter & Inverter: Current Transducer Market, By Region, 2016–2023, (USD Million)
Table 8 Battery Management: Current Transducer Market, By Region, 2016–2023 (USD Million)
Table 9 UPS & SMPS: Current Transducer Market, By Region, 2016–2023 (USD Million)
Table 10 Others: Current Transducer Market, By Region, 2016–2023 (USD Million)
Table 11 Current Transducer Market Size, By End-User, 2016–2023 (USD Million)
Table 12 Industrial: Current Transducer Market Size, By Region, 2016–2023 (USD Million)
Table 13 Industrial: Current Transducer Market Size, By Application, 2016–2023 (USD Million)
Table 14 Telecommunication: Current Transducer Market Size, By Region, 2016–2023 (USD Thousand)
Table 15 Machinery: Current Transducer Market Size, By Region, 2016-2023 (USD Thousand)
Table 16 Medical Equipment: Current Transducer Market Size, By Region, 2016–2023 (USD Thousand)
Table 17 Paper & Textile: Current Transducer Market Size, By Region, 2016–2023 (USD Thousand)
Table 18 Others: Current Transducer Market Size, By Region, 2016-2023 (USD Thousand)
Table 19 Commercial & Residential: Current Transducer Market Size, By Region, 2016–2023 (USD Million)
Table 20 Renewable Energy: Current Transducer Market Size, By Region, 2016–2023 (USD Million)
Table 21 Transportation & Automotive: Current Transducer Market Size, By Region, 2016–2023 (USD Million)
Table 22 Others: Current Transducer Market Size, By Region, 2016–2023 (USD Million)
Table 23 Global Current Transducer Market Size, By Region, 2016–2023 (USD Million)
Table 24 Asia Pacific: Current Transducer Market Size, By Technology, 2016–2023 (USD Million)
Table 25 Asia Pacific: Current Transducer Market Size, By Application, 2016–2023 (USD Million)
Table 26 Asia Pacific: Current Transducer Market Size, By End-User, 2016–2023 (USD Million)
Table 27 Asia-Pacific: Current Transducer Market Size, By Country, 2016–2023 (USD Million)
Table 28 China: Current Transducer Market Size, By Application, 2016–2023 (USD Thousand)
Table 29 India: Current Transducer Market Size, By Application, 2016–2023 (USD Thousand)
Table 30 South Korea: Current Transducer Market Size, By Application, 2016–2023 (USD Thousand)
Table 31 Japan: Current Transducer Market Size, By Application, 2016–2023 (USD Thousand)
Table 32 Australia: Current Transducer Market Size, By Application, 2016–2023 (USD Thousand)
Table 33 Rest of Asia Pacific: Current Transducer Market Size, By Application, 2016–2023 (USD Thousand)
Table 34 Europe: Current Transducer Market Size, By Technology, 2016–2023 (USD Million)
Table 35 Europe: Current Transducer Market Size, By Application, 2016–2023 (USD Million)
Table 36 Europe: Current Transducer Market Size, By End-User, 2016–2023 (USD Million)
Table 37 Europe: Current Transducer Market Size, By Country, 2016–2023 (USD Million)
Table 38 Germany: Current Transducer Market Size, By Application, 2016–2023 (USD Thousand)
Table 39 UK: Current Transducer Market Size, By Application, 2016–2023 (USD Thousand)
Table 40 Italy: Current Transducer Market Size, By Application, 2016–2023 (USD Thousand)
Table 41 Spain: Current Transducer Market Size, By Application, 2016–2023 (USD Thousand)
Table 42 France: Current Transducer Market Size, By Application, 2016–2023 (USD Thousand)
Table 43 Russia: Current Transducer Market Size, By Application, 2016–2023 (USD Thousand)
Table 44 Rest of Europe: Current Transducer Market Size, By Application, 2016–2023 (USD Thousand)
Table 45 North America: Current Transducer Market Size, By Technology, 2016–2023 (USD Million)
Table 46 North America: Current Transducer Market Size, By Application, 2016–2023 (USD Million)
Table 47 North America: Current Transducer Market Size, By End-User, 2016–2023 (USD Million)
Table 48 North America: Current Transducer Market Size, By Country, 2016–2023 (USD Million)
Table 49 US: Current Transducer Market Size, By Application, 2016–2023 (USD Thousand)
Table 50 Canada: Current Transducer Market Size, By Application, 2016–2023 (USD Thousand)
Table 51 Mexico: Current Transducer Market Size, By Application, 2016–2023 (USD Thousand)
Table 52 South America: Current Transducer Market Size, By Technology, 2016–2023 (USD Million)
Table 53 South America: Current Transducer, By Application, 2016–2023 (USD Million)
Table 54 South America: Current Transducer Market Size, By End-User, 2016–2023 (USD Million)
Table 55 South America: Current Transducer Market Size, By Country, 2016–2023 (USD Million)
Table 56 Brazil: Current Transducer Market Size, By Application, 2016–2023 (USD Thousand)
Table 57 Argentina: Current Transducer Market Size, By Application, 2016–2023 (USD Thousand)
Table 58 Rest of South America: Current Transducer Market Size, By Application, 2016–2023 (USD Thousand)
Table 59 Middle East & Africa: Current Transducer Market Size, By Technology, 2016–2023 (USD Million)
Table 60 Middle East & Africa: Current Transducer, By Application, 2016–2023 (USD Million)
Table 61 Middle East & Africa: Current Transducer Market Size, By End-User, 2016–2023 (USD Million)
Table 62 Middle East & Africa: Current Transducer Market Size, By Country, 2016–2023 (USD Million)
Table 63 Saudi Arabia: Current Transducer Market Size, By Application, 2016–2023 (USD Thousand)
Table 64 UAE: Current Transducer Market Size, By Application, 2016–2023 (USD Thousand)
Table 65 Qatar: Current Transducer Market Size, By Application, 2016–2023 (USD Thousand)
Table 66 South Africa: Current Transducer Market Size, By Application, 2016–2023 (USD Thousand)
Table 67 Egypt: Current Transducer Market Size, By Application, 2016–2023 (USD Thousand)
Table 68 Rest of Middle East & Africa: Current Transducer Market Size, By Application, 2016–2023 (USD Thousand)
Table 69 New Product Launches, 2015–2017
Table 70 Contracts & Agreements, 2016–2017

List of Figures

Figure 1 Current Transducer Market: Research Design
Figure 2 Breakdown of Primaries: By Company Type, Designation, and Region
Figure 3 Bottom-Up Approach
Figure 4 Top-Down Approach
Figure 5 Data Triangulation Methodology
Figure 6 Assumptions of the Research Study
Figure 7 Closed Loop Segment Led Current Transducer Market in 2017
Figure 8 Industrial Segment Dominates the Current Transducer Market During the Forecast Period
Figure 9 Battery Management Market is Estimated to Grow at the Highest CAGR During the Forecast Period
Figure 10 Asia Pacific Held the Largest Share of the Current Transducer Market in 2017
Figure 11 Growth in Renewable Energy, Electric Vehicle, and Battery-Supplied Applications is Driving the Current Transducer Market During the Forecast Period
Figure 12 Closed Loop Segment Dominate the Market in 2023
Figure 13 Motor Drive Segment is Expected to Dominate the Current Transducer Market, 2023
Figure 14 Industrial Segment is Expected to Dominate the Current Transducer Market, 2023
Figure 15 China Led the Asia Pacific Current Transducer Market in 2017
Figure 16 China & Germany are Expected to Be the Fastest Growing Current Transducer Markets During the Forecast Period
Figure 17 Market Dynamics for the Current Transducer Market
Figure 18 Top 6 Countries With Renewable Power Capacities in the World, 2016
Figure 19 New Electric Vehicle Registration in 2016
Figure 20 Closed Loop Segment is Estimated to Dominate the Current Transducer Market in 2017
Figure 21 Motor Drive Segment is Estimated to Dominate the Current Transducer Market During the Forecast Period
Figure 22 Industrial Segment is Estimated to Dominate the Current Transducer Market During the Forecast Period
Figure 23 Regional Snapshot: Current Transducer Market, 2018–2023
Figure 24 Asia Pacific: Current Transducer Market Snapshot
Figure 25 Europe: Current Transducer Market Snapshot
Figure 26 LEM Lead the Market for Current Transducers in 2017
Figure 27 Competitive Benchmarking
Figure 28 ABB: Company Snapshot
Figure 29 LEM: Company Snapshot
Figure 30 Siemens: Company Snapshot
Figure 31 Texas Instrument: Company Snapshot
Figure 32 Johnson Control: Company Snapshot

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