Global Current Transducer Market Research Report 11.09
                     GLOBAL CURRENT 
TRANSDUCER MARKET 
RESEARCH REPORT
Information Forecast till 2025
 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.
MARKET SCENARIO
 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.
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 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).
KEY PLAYERS
 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.       
CURRENT TRANSDUCER 
MARKET SEGMENTATION
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