Global Current Transducer Market Scenario
The Global Market for Current Transducer is projected to be valued
at USD 733.3 Million by 2025, with 3.26% CAGR during the forecast period,
2019–2025. Current transducer is a device that combines a current transformer
with a signal conditioner into a single package for current monitoring or logging
applications. The current transducer can also be classified into AC current
transducer and DC current transducer. The Global Current Transducer Market is
expected to witness high growth during the forecast period owing to the
technological advancements in current transducers and increasing use of
battery-powered applications in the renewable energy sector.
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Prominent Players:
·
Johnson
Controls (Ireland),
·
ABB
(Switzerland),
·
CR Magnetic
(US),
·
Siemens
(Germany),
·
IME (Nepal),
·
Phoenix Contact
(US),
·
NK Technologies
(US),
·
Veris
Industries (US),
·
American Aerospace
Control (CR) (US),
·
Topstek
(Taiwan),
·
Texas
Instrument (US),
·
Hobut (UK), and
·
LEM
(Switzerland).
Global Current Transducer Market
Segmental Overview:
The global Current Transducer Market is segmented based on
technology, application, and end use.
BY TECHNOLOGY
·
Closed Loop
·
Open Loop
By APPLICATION
·
Converter &
Inverter
·
Motor Drive
·
Battery
Management
·
Switched-Mode
Power Supply (SMPS) and Uninterruptible Power Supply (UPS)
·
Others
By END USE
·
Industrial
·
Transportation
·
Renewable
Energy
·
Automotive
·
Others
By Region
·
North America
·
Asia-Pacific
·
Europe
·
Middle East
& Africa
·
South America
Regional Outlook
The market is segmented into five regions, namely
Asia-Pacific, Europe, North America, Middle East & Africa, and South
America.
Asia-Pacific holds the largest market share and is
the fastest growing region in the current transducer owing to increasing share
of renewable energy is likely to boost the demand of current transducer as
these devices facilitate proper coordination between PV systems, smart grids,
and substations. Hence, increasing complexity in the grid system in the region
would positively trigger the demand of current transducer market.
In Europe, Germany is expected to be the largest and
the fastest growing country in the current transducer market owing to
increasing share of renewable energy in the total energy mix. Moreover, At the
end of 2017, there were about 1.6 million solar PV installations in Germany,
producing about 43 GW of electricity. Thus, rising investments and the need to
curb carbon emission in the county would drive the renewable energy market,
ultimately driving the market for current transducer as it is important part of
renewable energy generation.
In Middle East & Africa, Saudi Arabia, is
projected to be the largest and the fastest growing country in the current
transducer market due to fact that the Saudi government has many renewable
projects in pipeline, including a 200 GW plant, which will be funded by Japan’s
Softbank and Saudi Arabia’s Public Investment Fund. All these projects will
also deploy current transducer for ensuring proper current standards.
In South America, Brazil is expected to be the
largest and the fastest growing country in the current transducer market as
Brazil is South America’s largest renewable market with continued investments
expected in wind, which is expected to ultimately boost the demand for current
transducer market.
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Table Of Contents
1 Executive Summary
2 Market Introduction
2.1
Market Definition
2.2
Scope Of The Study
2.3
Market Structure
3 Research
Methodology
3.1
Primary Research
3.2
Secondary Research
3.3
Market Application Estimation
3.4
Forecast Model
3.5
List Of Assumptions
3.6
Limitations Of The Study
4 Market Insights
5 Market Dynamics
5.1
Introduction
5.2
Market Drivers
5.3
Market Restraints
5.4
Market Opportunities
5.5
Porter’s Five Forces Analysis
5.5.1
Threat Of New Entrants
5.5.2
Bargaining Power Of Buyers
5.5.3
Bargaining Power Of Suppliers
5.5.4
Threat Of Substitutes
5.5.5
Rivalry
5.6
Value Chain/Supply Chain Analysis
6 Global Current Transducer Market, By Technology
7 Global Current Transducer Market, By Application
8 Global Current Transducer Market, By End Use
9 Global Current Transducer Market, By Region
10 Competitive Landscape
11 Company Profile
12 List Of Tables
13 List Of
Figures
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