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

Publisher Name :
Date: 13-Apr-2018
No. of pages: 127
Inquire Before Buying

“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

  • Global Modular Switch Market Insights, Forecast to 2025
    Published: 17-Jan-2019        Price: US 4900 Onwards        Pages: 117
    Modular switches are high capability switches and can be customized as per the requirement. They are different from traditional switches in design, operational efficiency, ease of installation, and aesthetic appearance. Modular switches are an advanced version of conventional switches, which cater to the increasing need for safety and aesthetics among individuals. These switches provide added safety, customization, variety, and other novel features as compared to traditional switches. ......
  • Global Busbar Trunking Market Insights, Forecast to 2025
    Published: 17-Jan-2019        Price: US 4900 Onwards        Pages: 115
    Busbar trunking system consists of a prefabricated electrical distribution system enclosed in a very high protective structure, which includes structures such as elbows, straight lengths, devices, fittings, and accessories. They offer efficient, safe and ideal system of distribution network in industrial and commerical field The Busbar Trunking market was valued at xx Million US$ in 2018 and is projected to reach xx Million US$ by 2025, at a CAGR of xx% during the forecast period.......
  • Global Industrial Electric Heating Element Industry Market Research 2019
    Published: 16-Jan-2019        Price: US 2600 Onwards        Pages: 158
    In this report, we analyze the Industrial Electric Heating Element industry from two aspects. One part is about its production and the other part is about its consumption. In terms of its production, we analyze the production, revenue, gross margin of its main manufacturers and the unit price that they offer in different regions from 2014 to 2019. In terms of its consumption, we analyze the consumption volume, consumption value, sale price, import and export in different regions from 2014 to 201......
  • Global Ceramic Capacitor Market 2019 by Manufacturers, Regions, Type and Application, Forecast to 2024
    Published: 16-Jan-2019        Price: US 3480 Onwards        Pages: 137
    A ceramic capacitor is a fixed value capacitor in which ceramic material acts as the dielectric. Ceramics were one of the first materials to be used in the producing of capacitors, as it was a known insulator. It is constructed of two or more alternating layers of ceramic and a metal layer acting as the electrodes. The composition of the ceramic material defines the electrical behavior and therefore applications. Much geometry were used in ceramic capacitors, of which some, like c......
  • Global Linear Electric Motors Market Insights, Forecast to 2025
    Published: 15-Jan-2019        Price: US 4900 Onwards        Pages: 112
    Linear motor is an electric induction motor that produces straight-line motion (as opposed to rotary motion) by means of a linear stator and rotor placed in parallel. It is a type of motor that produces thrust in a straight line by direct induction, rather than with the use of gears. Growing demand from various end-use industries coupled with several advantages associated with use of linear motors are major factors driving growth of the global market. In addition, rapid growth of the phar......
  • Global Voltage Regulator Market 2018 by Manufacturers, Regions, Type and Application, Forecast to 2023
    Published: 15-Jan-2019        Price: US 3480 Onwards        Pages: 135
    A voltage regulator is a semiconductor device that is used to maintain a constant voltage level. The device maybe a simple feed forward design or may have negative feedback control loops. Depending on the design, it may be used to regulate AC or DC voltages. Voltage regulators come under the umbrella of power management ICs and are largely used to ensure a constant voltage level in electronics and electronic devices. Scope of the Report: This report focuses on the Voltage R......
  • Global and Chinese Inrush Current Limiters (ICL) Industry, 2018 Market Research Report
    Published: 15-Jan-2019        Price: US 3000 Onwards        Pages: 141
    The 'Global and Chinese Inrush Current Limiters (ICL) Industry, 2013-2023 Market Research Report' is a professional and in-depth study on the current state of the global Inrush Current Limiters (ICL) industry with a focus on the Chinese market. The report provides key statistics on the market status of the Inrush Current Limiters (ICL) manufacturers and is a valuable source of guidance and direction for companies and individuals interested in the industry. Firstly, the report provides a basic ov......
  • Global and Chinese Limit Switches Industry, 2018 Market Research Report
    Published: 15-Jan-2019        Price: US 3000 Onwards        Pages: 135
    The 'Global and Chinese Limit Switches Industry, 2013-2023 Market Research Report' is a professional and in-depth study on the current state of the global Limit Switches industry with a focus on the Chinese market. The report provides key statistics on the market status of the Limit Switches manufacturers and is a valuable source of guidance and direction for companies and individuals interested in the industry. Firstly, the report provides a basic overview of the industry including its definiti......
  • Global and Chinese Industrial Limit Switches Industry, 2018 Market Research Report
    Published: 14-Jan-2019        Price: US 3000 Onwards        Pages: 135
    The 'Global and Chinese Industrial Limit Switches Industry, 2013-2023 Market Research Report' is a professional and in-depth study on the current state of the global Industrial Limit Switches industry with a focus on the Chinese market. The report provides key statistics on the market status of the Industrial Limit Switches manufacturers and is a valuable source of guidance and direction for companies and individuals interested in the industry. Firstly, the report provides a basic overview of th......
  • SERVICES
    Value for Money
    We believe in "optimum utilization of available budget and resources". While servicing our clients' (your) market research requirements, we keep the same approach in focus to help you get the best value for your $$s.
    Ever Growing Inventory
    Ranging from the smallest feasible / required data (datasheets, data facts, SWOT analysis, company profiles, etc) to full research reports that help you make decisions, our inventory is updated almost on a daily basis with the latest industry reports from domain experts that track more than 5000 niche sectors.
    One Stop Solution
    Need a custom research report on medical devices market? Require all available business intelligence on 3D printing industry? Exploring F&B sector of a particular country/region? RnRMarketResearch.com is your one-stop-solution to all market intelligence needs. We not only offer custom research and consulting services, we also "bundle" reports to meet your needs and help you fetch the data analysis you require for your business.
    Dedicated Client Engagement
    Not limited to only "finding" relevant reports for you, our client engagement team dedicates its efforts to understand your "business need" and accordingly maps available research data to help you move forward. Call "your" client engagement executive any time of your day and get your questions answered in order to make the correct business decision.
    Saving Time and Efforts
    Simply share your research requirement details with us and let us do all the hard work to find required intelligence for you. When you add up our "one stop solution" and "dedicated client engagement" services mentioned above, you obviously know the time and effort saving you do by working with us.
    Payment Flexibility
    Working with Fortune 500 organizations, we understand the importance of being flexible for payments. Share your payment terms with us and we will surely match up to them to ensure you get access to required business intelligence data without having to wait for the payment to be done.
    Post-Purchase Research Support
    Have questions after reading a report / datasheet bought through us? Not sure about the methodology used for data available in the research? Talk to us / Share your questions with us and if required, we will connect you with the analyst(s)/author(s) of the report(s) and ensure you get satisfactory answers for the same. Need more data / analysis / report(s) on the topic of your research/project? The RnRMarketResearch.com team is here for you 24X7 to support you with your post-purchase requirements. Subscription Offers & Packages (Get in touch with us for more details - sales@rnrmarketresearch.com / +1 888 391 5441 )
    • Ad Hoc
    • Pay - as - you - go / Bucket Subscriptions
    • Fixed Cost for #of reports
    • Customize / Personalize as per your needs