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Industrial Current Transducer Market Share

Report ID: GMI8113
Published Date: Feb 2024
Report Format: PDF

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Industrial Current Transducer Market Share

ABB maintains a dominant position in the market through its commitment to innovation, reliability, and extensive global reach. Leveraging cutting-edge technologies and a comprehensive portfolio of current sensing solutions, ABB caters to diverse industrial needs, ensuring precise monitoring and control of electrical currents. With a strong emphasis on quality and performance, ABB's current transducers are trusted by industries worldwide for their accuracy and durability. Additionally, ABB's established presence in key industrial sectors and its focus on customer satisfaction further solidify its leading position in the market.

Industrial Current Transducer Market Company

Some of the key market players operating across the open loop current transducer industry are:

ABB
CHEEMI TECHNOLOGY CO., LIMITED
CHENYANG TECHNOLOGIES
Danisense
HBK
Howard Butler Ltd
Johnson Controls
LEM International SA
luksens
NK Technologies
Phoenix Contact
PowerUC
Senis AG
Sensor Electronic Technology
Siemens
Texas Instruments Incorporated
Topstek Inc
VACUUMSCHMELZE GmbH & Co. KG

Authors: Ankit Gupta, Vishal Saini

Frequently Asked Questions (FAQ) :

Industrial current transducer industry size was USD 263.3 million in 2023 and may witness 3.7% CAGR up to 2032, due to the increasing emphasis on energy efficiency along with the need for precise monitoring and control of power consumption across industrial sectors

The closed loop technology segment recorded over 60% revenue share of the market in 2023 and is anticipated to grow at over 3% CAGR from 2024 to 2032, owing to rising need for minimizing errors and improving overall performance.

Asia Pacific industrial current transducer market size exceeded USD 145 million by 2032, on account of the rapid industrialization in China, India, and Southeast Asian countries

Some of the prominent industrial current transducer firms are ABB, CHEEMI TECHNOLOGY CO., LIMITED, CHENYANG TECHNOLOGIES, Danisense, HBK, Howard Butler Ltd, and Johnson Controls, among others