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Current Transducer Market Share
ABB is a prominent player in the current transducer industry, drawing on its extensive experience to deliver a broad portfolio of current transducers. This range includes both standard models and highly customized solutions, along with complementary products designed to optimize performance. With a strong foundation in the power equipment sector, ABB specializes in developing tailored transducer solutions to meet the unique needs of diverse applications.
Current Transducer Market Companies
Some of the major key players operating across the current transducer industry are:
- ABB
- Howard Butler
- Johnson Controls
- NK Technologies
- Phoenix Contact
- Siemens
- Texas Instruments
- Topstek
Who are the major players in the current transducer market?
Major players in the current transducer industry include ABB, Howard Butler, Johnson Controls, NK Technologies, Phoenix Contact, Siemens, Texas Instruments, and Topstek.
How big is the current transducer market?
The global market for current transducer was reached USD 641.1 million in 2024 and is expected to witness a CAGR of 4.6% from 2025 to 2034, driven by its expanding applications across industries such as automotive, renewable energy, and industrial automation.
How significant is closed-loop technology in the current transducer market?
Closed-loop technology is set to reach USD 595.6 million by 2034, led by its superior accuracy, fast response times, and enhanced linearity, making it ideal for high-performance applications.
What is the expected growth rate of the utility segment in the current transducer market?
The utility segment is expected to expand at a CAGR of more than 4.3% through 2034, due to the growing demand for reliable monitoring and control in large-scale power systems.
What is the forecast for the U.S. current transducer market by 2034?
The U.S. current transducer market is projected to exceed USD 135.2 million by 2034, fueled by advancements in industrial automation, renewable energy integration, and smart grid development.