Global Current Transducer Market Research 
                     GLOBAL CURRENT 
TRANSDUCER MARKET 
RESEARCH 
REPORT INFORMATION FORECAST TILL 2025
MARKET SCENARIO
• The current transducer is a device which converts current into a proportional industrial standard electrical signal. 
The current transducer is used to apply high inductive current measurement in the regulation and control systems, 
by acting as current sensing transducer. The major components of the current transducer include conversion 
component, conversion circuit, power circuit, and sensitive component. Current transducer can also be classified 
into AC current transducer and DC current transducer. The major functions of the current transducer are isolated 
function, safety function, a conversion function, and enhanced signal for distance transfer.
• The Global Current Transducer Market size is projected to reach USD 733.3 Million by 2025, with 3.26% 
CAGR between 2019 and 2025.
• The major driving factor for the global current transducer market include technological developments in the current 
transducer industry, increasing use of battery-powered applications, and high cost associated with production 
breakdown in the industrial sector. For instance, growing advancements in current transducers, through 
implementing fluxgate technology in transducers for the precise current measurement.
KEY PLAYERS
• The Key Players operating in the Global Current Transducer Market 
are ABB (Switzerland), CR Magnetic (US), Siemens (Germany), 
IME (Nepal), Phoenix Contact (US), NK Technologies (US), 
Topstek (Taiwan), American Aerospace Control (CR) (US), 
Johnson Controls (Ireland), Texas Instrument (US), Hobart 
(UK), Veris Industries (US), and LEM (Switzerland).
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CURRENT TRANSDUCER MARKET 
SEGMENTATION
• 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.
• By region, the Global Current Transducer Market is segmented into Asia-Pacific, North America, Europe, the Middle 
East & Africa, and South America. Asia-Pacific dominated the current transducer in terms of market share owing to 
increasing demand for energy and the continuous efforts for increasing the share of renewable energy generation. 
As per the International Renewable Energy Agency, Asia-Pacific accounted for more than 50% of the world’s 
renewable generating capacity in 2017. Moreover, renewable energy capacity reached nearly 9,168 GW in 2017, 
with China and India contributing the highest in the Asia-Pacific region. Also, key countries in Asia-Pacific such as 
India, China, and Australia are focusing on renewable energy sources including wind, bioenergy, solar, and 
hydropower due to the environmental concerns, price volatility, and security of supply. Such factors are expected to 
drive the current transducer market in the region.
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