Industrial Open Loop Current Transducer Market Size – By Application, Analysis, Share, Growth Forecast, 2025 - 2034

Industrial Open Loop Current Transducer Market Size

The global industrial open loop current transducer market was valued at USD 102.8 million in 2024 and is expected to reach USD 159 million in 2034, growing at a CAGR of 4.5% from 2025 to 2034. The increasing adoption of automation in industries such as automotive, electronics, and textiles is driving the demand for precise current measurement. Open-loop current transducers enable real-time monitoring and control, enhancing operational efficiency and safety.
 

As industries increasingly embrace automation, the demand for precise current measurements continues to grow. For instance, according to the U.S. Department of Energy, the industrial sector accounted for approximately 33% of total energy consumption in the United States in 2022, highlighting the need for efficient energy management systems. Real-time current evaluations are particularly critical in enhancing the automation and efficiency of complex industrial systems, ensuring optimal energy usage and operational performance.
 

The integration of IoT platforms with open-loop current transducers enables real-time monitoring and control of current flow across various applications. For reference, as per the U.S. Department of Energy, real-time monitoring systems can improve energy efficiency by up to 20%, highlighting the potential of this technology. This convergence enhances efficiency, reliability, and predictive maintenance capabilities, driving industrial open loop current transducer market growth.
 

Recent advancements have shrunk the size, reduced the weight, and lowered the cost of open-loop current transducers. For illustration, according to the U.S. Department of Energy, the adoption of advanced current sensing technologies has grown by approximately 15% annually in industrial applications over the past five years. These enhancements, coupled with increased sensitivity, durability, and digital connectivity, are expanding their industrial applications and broadening accessibility across various industries.
 

Industrial Open Loop Current Transducer Market Trends

The global industrial open loop current transducer industry was valued at USD 95.5 million, USD 99 million, and USD 102.8 million in 2022, 2023, and 2024, respectively. The global shift towards renewable energy sources like solar and wind power necessitates accurate current measurement for efficient power generation and distribution. Open-loop current transducers provide a cost-effective and reliable solution for monitoring current renewable energy systems, supporting the growth of this sector. In addition, stricter energy regulations and a growing emphasis on sustainability are compelling industries to adopt energy-efficient practices.
 

The Trump administration's tariffs have disrupted established supply chains, prompting companies to reconsider their sourcing strategies. Some manufacturers are exploring alternatives to Chinese suppliers, while others are relocating production to the U.S. to mitigate tariff impacts. The increased costs due to tariffs are often passed on to consumers, resulting in higher prices for industrial components. This price inflation can affect demand, especially in price-sensitive markets. Additionally, companies that can absorb these costs or relocate production may gain a competitive advantage, potentially reshaping market dynamics.
 

As electric vehicle adoption surges, the demand for efficient charging infrastructure intensifies. For instance, according to the U.S. Department of Energy, over 3.2 million electric vehicles were registered in the United States by the end of 2023, with projections indicating a continued upward trend. At the heart of EV charging stations, open-loop current transducers play a pivotal role, offering real-time current monitoring to guarantee both safety and efficiency. Additionally, the National Renewable Energy Laboratory highlights that advancements in charging technology are critical to meeting the growing energy demands of EVs.
 

Heavily investing in renewable energy, with major growth in solar, wind, and hydropower. Open-loop current transducers are vital in these systems, monitoring current flows in converters and inverters, supporting efficient energy distribution, and ensuring system stability. States like Maharashtra and Gujarat, hosting numerous industries, are driving the demand for current transducers to monitor electrical parameters effectively. The push towards smart grid technologies further propels market growth .
 

Industrial Open Loop Current Transducer Market Analysis

• Based on applications, the industry can be categorized into motor drive, converter & inverter, battery management, UPS & SMPS, and others. The motor drive application held a market share of 35.7% in 2024.
   
• The UPS & SMPS segment is expected to dominate the market and exceed revenue of USD 40 million by 2034. Current transducers ensure stable current regulation in backup and conversion systems. Increasing demand for power backup systems in data centers and industrial setups. Proliferation of consumer electronics and telecommunications infrastructure. Need for compact, efficient, and high-speed current sensing in power conversion systems.
   
• Open-loop current transducers monitor charging and discharging currents to protect battery life and ensure operational safety. Rapid growth in electric vehicles and energy storage systems. Expansion of portable electronics and industrial battery-backed systems. Emphasis on battery safety, efficiency, and lifespan optimization.
   
• These systems rely on accurate current sensing to convert and regulate power efficiently in renewable energy systems and electric drives. Growth in solar and wind energy installations. Increased use of power electronics in electric vehicles and industrial equipment. Demand for reliable, compact current sensing solutions with fast response time.
   
• Open-loop current transducers are critical for monitoring and controlling current in electric motors used in manufacturing, HVAC systems, and robotics. Rising industrial automation and process optimization. Increased adoption of energy-efficient variable frequency drives (VFDs). Expansion of smart factories requiring real-time current sensing for predictive maintenance.
   

• The U.S. industrial open loop current transducer market has reached a value of USD 14.1 million, USD 14.7 million, and USD 15.3 million in 2022, 2023, and 2024. Federal investments under the Infrastructure Investment and Jobs Act are driving upgrades in power, transportation, and manufacturing sectors. High adoption of smart manufacturing and robotics increases the demand for real-time current monitoring. Expansion of electric vehicle infrastructure and renewable energy projects requires current sensing in chargers, inverters, and storage systems.
   
• EU’s commitment to carbon neutrality drives investments in clean energy and electric mobility. Germany, France, and Italy lead in smart factories and Industry 4.0, boosting demand for precise current sensing in industrial drives and automation. Regulatory frameworks like Ecodesign and REACH encourage the use of efficient, safe, and compliant current measurement technologies.
   
• China, India, Japan, and South Korea are heavily investing in electronics, automotive, and textile industries, increasing demand for current transducers. Programs like "Make in India" and China’s “New Infrastructure” drive local production and automation upgrades. Massive solar and wind deployments need current sensing for inverters, converters, and monitoring systems.
   
• Large-scale infrastructure and energy projects under programs like Saudi Vision 2030. Growing solar and wind projects (e.g., Noor in Morocco, Benban in Egypt) drive demand for inverters and battery management systems. Countries like the UAE and Saudi Arabia are reducing oil dependency through investments in manufacturing and energy sectors.
   
• Brazil, Chile, and Mexico are expanding renewable energy portfolios, requiring precise current sensing in distributed generation. Increased investments in automation, particularly in automotive and food processing sectors. Frequent voltage fluctuations and outages encourage the use of UPS and SMPS, boosting demand for reliable current transducers.
   

Industrial Open Loop Current Transducer Market Share

The top 5 players operating in industrial open loop current transducer industry include ABB, Siemens Energy, Phoenix Contact, Johnson Controls and Texas Instruments which collectively hold over 55% of the market share. Their larger R&D budgets allow them to pioneer features like IoT-enabled sensors, hybrid analog-digital outputs, or ultra-low power designs. These innovations influence industry standards and push smaller players to adopt similar technologies to stay competitive.
 

Major companies typically have well-established global supply chains, ensuring faster lead times, better customer service, and more consistent availability—especially important in industrial sectors with tight operational schedules. They can also leverage global presence to secure large-scale contracts (e.g., in EV infrastructure or renewable power projects).
 

Industrial Open Loop Current Transducer Market Companies

• ABB holds a dominant position in the open-loop current transducer market, leveraging its extensive expertise in creating a diverse range of current transducers. ABB is renowned for its technological prowess and innovative solutions, providing open-loop current transducers that meet the evolving demands of diverse industries. The company reported sales of over USD 32.8 billion in 2024.
   
• Phoenix Contact is a prominent player in the open-loop current transducer market, offering a variety of products to meet the demands of different industries. Their product range includes terminal blocks, relays, connectors, signal conditioners, power supplies, controllers & PLCs, I/O systems, Industrial Ethernet, and surge suppression.
   
• Siemens Energy is recognized as a key player in the open-loop current transducer industry, offering a range of products designed to meet the needs of various applications. Siemens provides open-loop current transducers that cater to the critical needs of applications such as industrial automation, energy management, and electric vehicle systems. The company had profit of over USD 684.39 million in Q2 2025.
   
• Texas Instruments is a significant player in the open-loop current transducer market, offering a variety of products to meet the demands of different industries. It provides open-loop current transducers that cater to the critical needs of applications such as industrial automation, energy management, and electric vehicle systems.
   
• Johnson Controls is recognized as a key participant in the open-loop current transducer industry, offering a range of products designed to meet the needs of various applications. It provides open-loop current transducers that cater to the critical needs of applications such as industrial automation, energy management, and electric vehicle systems. The company spent over USD 267 million in FY2024 for research & development.
   

Some of the key players operating across the industrial open loop current transducer industry are:

• ABB
• Howard Butler
• Johnson Controls
• NK Technologies
• Phoenix Contact
• Siemens
• Texas Instruments
• Topstek
   

Industrial Open Loop Current Transducer Industry News

• In June 2024, Schneider Electric announced a USD 140 million investment to expand its U.S. manufacturing units. This expansion aims to support critical infrastructure, industries, and data center demands, reflecting Schneider Electric's commitment to enhancing its production capabilities.
   
• In May 2024, ABB announced a USD 4 million investment to establish a new distribution center in Pennsylvania, USA. This facility aims to stock USD 15 million worth of electrical products, enhancing ABB's regional presence and customer service capabilities.
   
• In March 2024, Siemens signed an agreement to acquire the industrial drive technology (IDT) business of ebm-papst. This acquisition, involving around 650 employees, includes intelligent, integrated mechatronic systems and innovative motion control systems, expanding Siemens' portfolio in the industrial automation sector.
   

The industrial open loop current transducer market research report includes in-depth coverage of the industry with estimates & forecast in terms of “USD Million” from 2021 to 2034 for the following segments:

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Market, By Application

• Motor Drive
• Converter & Inverter
• Battery Management
• UPS & SMPS
• Others

The above information has been provided for the following regions and countries:

• North America
  • U.S.
  • Canada
  • Mexico
• Europe
  • Germany
  • France
  • Russia
  • UK
  • Italy
  • Spain
  • Netherlands
• Asia Pacific
  • China
  • Japan
  • South Korea
  • India
  • Australia
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • South Africa
• Latin America
  • Brazil
  • Argentina