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Asia Pacific Current Transducer Market Share

Report ID: GMI7341
Published Date: Nov 2023
Report Format: PDF

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Asia Pacific Current Transducer Market Share

ABB maintains a substantial presence in the Asia Pacific current transducer industry, renowned for its extensive knowledge in developing and producing various sensor and monitoring technologies. This expertise extends to voltage sensors, current sensors, and other related components. The company has a rich and storied history deeply rooted in the realm of electrical and electronic components. Throughout the years, ABB has delivered transducer solutions across a diverse spectrum of applications, spanning multiple industrial, utility, and automotive sectors.

Some of the key market players operating across the Asia Pacific current transducer industry are:

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

Authors: Ankit Gupta, Vinayak Shukla

Frequently Asked Questions (FAQ) :

The market valuation of Asia Pacific current transducer was worth USD 257.5 million in 2022 and is projected to grow at a CAGR of 3.5% through 2032, backed by the shift towards smart grids and the integration of renewable energy sources.

Closed-loop current transducers, known for their high accuracy and linearity, are well-suited for applications that demand precise current measurements, such as power systems, industrial automation, and energy management.

China current transducer market held a share of over 45.2% in 2022 and will keep growing on account of China's ongoing industrialization and expansion of manufacturing sectors that require precise current measurements for process control, automation, and safety.

ABB, Phoenix Contact, Texas Instruments Incorporated, Johnson Controls, Topstek Inc, NK Technologies, Howard Butler Ltd, Siemens, Yokogawa Electric Corporation, and OMRON Corporation.