Global Current Transducer Market Research Report 8.09.20
                     Global Current 
Transducer Market 
Research Report
TECHNOLOGY 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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