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Automotive Closed Loop Current Transducer Market Share

Report ID: GMI12021
Published Date: Oct 2024
Report Format: PDF

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Automotive Closed Loop Current Transducer Market Share

ABB is a prominent leader in the automotive closed-loop current transducer industry, leveraging its extensive expertise in developing a comprehensive range of transducers. Their product portfolio includes both standard models and a selection of customized solutions, along with complementary products to enhance performance. With a strong legacy in the electrical equipment sector, ABB consistently delivers tailored transducer solutions that address the unique needs of various applications.

Automotive Closed Loop Current Transducer Market Companies

Major key players operating across the automotive closed loop current transducer industry are:

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

Authors: Ankit Gupta, Vinayak Shukla

Frequently Asked Questions (FAQ) :

The global market for automotive closed loop current transducer was reached USD 71.4 million in 2023 and is projected to grow at a 4.9% CAGR from 2024 to 2032, driven by the growing popularity of electric and hybrid vehicles.

The converter & inverter segment is expected to grow at a CAGR of more than 3.4% through 2032, driven by the need for efficient energy conversion in electric and hybrid vehicles.

The U.S. automotive closed loop current transducer industry is expected to surpass USD 15.3 million by 2032, fueled by the surge in electric vehicle adoption and supportive government incentives.

Key players in the industry include ABB, Howard Butler, Johnson Controls, NK Technologies, Phoenix Contact, Siemens, Texas Instruments, and Topstek.