The global current transducer market size is expected to reach USD 856.57 million by 2030 and is projected to grow at a CAGR of 3.7% from 2024 to 2030, according to a new report by Grand View Research, Inc. The primary driver for market growth is the propelling demand for consumer electronics like laptops, wearable devices, and smartphones. These devices need current transducers for efficient management of power consumption and improved battery life.
The transition to advanced driver-assistance systems (ADAS) and electric vehicles (EVs) require accurate current sensing for ensuring better functioning of batteries, electronic control units, and motors. The efforts to reduce emissions and achieve fuel efficiency in traditional vehicles have resulted in a surge in the use of current transducers for optimizing power distribution and engine performance.
The report “Current Transducer Market Size, Share & Trends Analysis Report, Current Sensing Methods (Direct, Indirect), Loop Type (Closed Loop, Open Loop), By Technology, By Output Type, By End Use, By Region, And Segment Forecasts, 2024 - 2030” is available now to Grand View Research customers and can also be purchased directly from
With the global emphasis on energy conservation and efficiency, the demand for current transducers is on the rise. These sensors are critical in monitoring and managing energy consumption in various applications, from industrial machinery to household appliances. They help in optimizing energy usage, detecting anomalies, and preventing equipment failures by providing precise current measurements. Integration of current transducers with IoT and IoT devices opens opportunities for remote monitoring and data analysis in various applications. This can be seen in smart grids, predictive maintenance for industrial machinery, and even building automation for improved energy management.
Current Transducer Market Report Highlights:
- The direct current sensing method held the largest revenue share, 67.79%, in 2023. The rapid development of renewable energy systems, such as solar and wind power, has surged the demand for efficient DC sensing. The optimal functioning of these systems often requires precise monitoring and control of DC currents to obtain maximum performance and integration with the grid.
- In terms of loop type, the closed loop type held the largest revenue share of 61.33% in 2023. This large share is due to the crucial role played by closed-loop current transducers in various applications due to their ability to provide precise and reliable current measurements.
- Based on technology, the isolated current transducers segment accounted for the largest revenue share of 71.2% in 2023. These sensors are essential in applications requiring high accuracy and safety due to their ability to provide electrical isolation between the input and output.
- The analog output segment held the largest revenue share of 59.54% in 2023. These output transducers are known for their high precision and reliability in measuring current. This makes them ideal for applications requiring accurate current sensing, such as in industrial automation and process control.
- The automotive end-user segment is expected to exhibit the fastest CAGR from 2024 to 2030. The shift towards electric vehicles (EVs) and hybrid electric vehicles (HEVs) has significantly increased the demand for current transducers.
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Current Transducer Market Segmentation
Grand View Research has segmented the global current transducer market based on current sensing method, loop type, technology, output, end use, and region:
- Current Transducer Current Sensing Method Outlook (Revenue, USD Million, 2018 - 2030)
- Direct Current Sensing
- In-Direct Current Sensing
- Current Transducer Loop Type Outlook (Revenue, USD Million, 2018 - 2030)
- Open Loop
- Closed Loop
- Current Transducer Technology Outlook (Revenue, USD Million, 2018 - 2030)
- Isolated Current transducers
- Non-Isolated Current transducers
- Current Transducer Output Outlook (Revenue, USD Million, 2018 - 2030)
- Analog
- Digital
- Current Transducer End User Outlook (Revenue, USD Million, 2018 - 2030)
- Automotive
- Consumer Electronics
- Telecom & Networking
- Healthcare
- Industrial
- Energy & Power
- Others (Aerospace & Defense, Railways, Building Automation)
- Current Transducer Regional Outlook (Revenue, USD Million, 2018 - 2030)
- North America
- S.
- Canada
- Mexico
- Europe
- Germany
- UK
- Italy
- Spain
- France
- Russia
- Asia Pacific
- China
- India
- Japan
- Australia
- Central & South America
- Brazil
- Argentina
- Middle East & Africa
- Saudi Arabia
- South Africa
- UAE
- North America
List of Key Players in the Current Transducer Market
- ABB
- Texas Instrument Inc.
- Johnson Control Inc
- Topstek Inc
- Veris industries
- NK Technologies
- CR Magnetic
- Siemens AG
- Hobart
- Johnson controls FDC
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About Grand View Research
Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.
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