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Current Transducer Market Share

Report ID: GMI3612
Published Date: Jun 2023
Report Format: PDF

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Current Transducer Market Share

Some of the key companies operating across the current transducer market are :

ABB
Phoenix Contact
Texas Instruments Incorporated
Johnson Controls
Topstek Inc
NK Technologies
Howard Butler Ltd
Siemens

Increasing focus on the advancement of current transducers across the industry along with various technological innovations by these players will enhance the overall market scenario.

Authors: Ankit Gupta, Vinayak Shukla

Frequently Asked Questions (FAQ) :

The market size of current transducer was reached USD 617.5 million in 2023 and is poised to exhibit a 4.4% CAGR from 2024 to 2032, owing to the accelerating shift towards clean energy sources and the expanding smart grid infrastructure.

The closed-loop current transducer market is estimated to garner appreciable gains through 2032, attributed to the rapid digitization and automation of the industrial and manufacturing industries.

The battery management application segment will record a decent valuation by 2032, credited to a noticeable rise in the number of electric vehicles.

Europe market is slated to exhibit an appreciable CAGR from 2023 to 2032, backed by the rapid adoption of energy-efficient technologies to meet regulatory requirements.