Closed Loop Current Transducer Market
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The global closed loop current transducer market was valued at USD 399.2 million in 2024 and is estimated to grow at a CAGR 4.3% from 2025 to 2034. Increased demand for accurate and reliable current measurement in industrial automation, renewable energy, power systems, and electric vehicles are boosting the market. Technological innovations, such as improved accuracy and miniaturization, have also increased adoption by broadening application areas.
For instance, in February 2023, Danisense launched a large-aperture current transducer designed to enhance precise current measurements in power electronics and industrial setups. Such new products, among others, will change the market as more regions implement stringent energy efficiency and safety standards, creating new opportunities in developed and emerging markets.
| Report Attribute | Details |
|---|---|
| Base Year: | 2024 |
| Closed Loop Current Transducer Market size in 2024: | USD 399.2 Million |
| Forecast Period: | 2025 – 2034 |
| Forecast Period 2023 - 2032 CAGR: | 4.3 |
| 2023 Value Projection: | USD 603.7 Million |
| Historical Data for: | 2021 – 2024 |
| No of Pages: | 110 |
| Tables, Charts & Figures: | 20 |
| Segments Covered: | Application, End Use |
| Growth Drivers: |
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| Pitfalls Challenges: |
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The market for closed-loop current transducers in particular is currently experiencing considerable business activity due to trends toward more precise measuring tools and increased renewable energy systems installations. There is a shift from traditional to compact and efficient transducers that meet the requirements for electric vehicles, industrial automation, and power grids.
Moreover, the increasing expenditure on smart grid systems and the incorporation of IoT-based monitoring systems is opening new opportunities. The current focus on minimizing energy procedures and meeting tight energy targets also shapes paradigms in the market. For instance, in December 2024, Danisense’s DS600ID current transducer was chosen for use in a testing unit for a DC charging station at the TU Graz within the Safe Pro project. The objective of this investigation is to ensure safe and energy efficient charging stations for electrical vehicles.
The market for closed loop current transducers in the use of motor drives is forecasted to grow beyond USD 210 million by 2034 owing to increasing automation in sectors such as manufacturing, automotive and robotics. The use of variable frequency drives (VFDs) also increases the need for closed loop transducers because they require real time feedback for effective motor usage. The shift towards digitization and smart systems is also driving the need for IoT integrated closed loop transducers with real time monitoring and predictive maintenance, thus increasing market demand.
The industrial closed loop current transducers market is envisioned to grow at a CAGR of over 3.2% through 2034 attributed to their enhanced precision and reliability, achieved through feedback mechanisms that maintain accuracy under dynamic operating conditions. Furthermore, the industrial closed-loop current transducer market is on an upward trajectory, propelled by technological advancements, a focus on energy efficiency, and the global shift towards renewable energy.
It is expected that the closed loop current transducers market in the U.S. will increase and reach USD 90.6 million by 2034 on the basis of growing energies saving measures among the manufacturing, automotive, and utilities industries. In addition, there is substantial growth in the smart IoT devices sector which is driving the demand for accuracy for current measurements in power distribution systems and units used in industrial automation. The improvements of infrastructure in the U.S. and the government regulations pushes the market even further.
There is rapid development of the market of closed-loop current transducers in the Asia Pacific region that is being driven by electric vehicles, industrial growth, and even the adoption of renewable energy sources. The expansion of the market is attributed to the automated and efficient power management along with infrastructure for smart grids. The major focus countries are China, India, and Japan, who are heavily investing in the new energy powered infrastructure technologies due to the increasing energy demands.
ABB has the single largest share of the closed-loop current transducer industry due to its large portfolio of reliable and high-performance products for different industries, such as renewable energy, transportation, and industrial automation. ABB’s focus on innovation coupled with extremely strong R&D support base along with strong global distribution network will help to strengthen the market.
Major players operating in the closed loop current transducer industry are:
Market, By Application
Market, By End Use
The above information has been provided for the following regions and countries:
The motor drive application segment is expected to surpass USD 210 million by 2034, fueled by rising automation in industries such as manufacturing, automotive, and robotics, alongside the adoption of variable frequency drives (VFDs) for real-time motor operation feedback.
The U.S. closed loop current transducer market is projected to exceed USD 90.6 million by 2034, led by the demand for energy-efficient solutions, smart grids, and IoT-enabled devices, alongside government initiatives for sustainability and infrastructure upgrades.
The global market for closed loop current transducer was reached 399.2 million in 2024 and is projected to grow at a 4.3% CAGR from 2025 to 2034, driven by increasing demand for precise current measurement in industrial automation, renewable energy, electric vehicles, and power systems.
The market features key players such as ABB, Cheemi Technology, Chenyang Technologies, Danisense, HBK, Howard Butler, Johnson Controls, LEM International, Luksens, NK Technologies, Phoenix Contact, PowerUC, Senis, Sensor Electronic Technology, Siemens, Texas Instruments, Topstek, and Vacuumschmelze.