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Industrial Open Loop Current Transducer Market Analysis

  • Report ID: GMI12043
  • Published Date: Oct 2024
  • Report Format: PDF

Industrial Open Loop Current Transducer Market Analysis

The UPS & SMPS segment is set to grow at a CAGR of over 4.5% through 2032. Industries increasingly rely on UPS and SMPS systems to maintain uninterrupted power for critical operations. This trend is especially prominent in data centers, manufacturing, and healthcare. Open-loop current transducers are key components in these systems, offering real-time current monitoring to ensure reliable power delivery. Stricter energy regulations have pushed UPS and SMPS manufacturers to design more power-efficient systems. Open-loop current transducers play a key role in these designs, enabling precise current measurements. This improves overall efficiency and cuts energy use, helping industrial applications meet their sustainability targets.
 

U.S. Industrial Open Loop Current Transducer Market Size, 2022-2032 (USD Million)

The U.S. industrial open loop current transducer market is projected to exceed USD 20.3 million by 2032. As U.S. manufacturing embraces automation, open-loop current transducers are key for real-time current monitoring in automated systems. These devices are widely used in industrial equipment across automotive, chemical, and manufacturing sectors. By providing accurate current measurements, they improve operational precision and machine efficiency. The U.S. push for renewable energy and electrification is boosting demand for reliable current measurement. This is especially true in solar, wind, and EV charging sectors. Open-loop current transducers are popular in these fields because they handle varying current levels well, helping maintain grid stability and integrate renewable energy sources.
 

Asia Pacific is heavily investing in renewable energy, with major growth in solar, wind, and hydropower. Open-loop current transducers are vital in these systems, monitoring current flows in converters and inverters. They support efficient energy distribution, ensure system stability, and adapt well to the fluctuating currents common in renewable energy applications. As China, India, Japan, and South Korea boost their manufacturing capabilities, industrial automation is on the rise. Open-loop current transducers are key to this trend, providing accurate current monitoring in automated machinery. These devices improve efficiency and reliability across industries like automotive, electronics, and consumer goods manufacturing.

Authors: Ankit Gupta, Vinayak Shukla

Frequently Asked Questions (FAQ) :

The global market for industrial open loop current transducer was reached USD 99 million in 2023 and is set to grow at a CAGR of 4.3% from 2024 to 2032, driven by the increasing adoption of automation in industries.

The UPS & SMPS segment is set to grow at a CAGR of over 4.5% through 2032, led by the increasing reliance on these systems for uninterrupted power in critical operations across data centers, manufacturing, and healthcare sectors.

The U.S. industrial open loop current transducer market is projected to exceed USD 20.3 million by 2032, supported by the country's push for automation in manufacturing and the growing demand for reliable current measurement in renewable energy and electrification sectors.

Key players in the industrial open loop current transducer market include ABB, Howard Butler, Johnson Controls, NK Technologies, Phoenix Contact, Siemens, Texas Instruments, and Topstek.

Industrial Open Loop Current Transducer Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 8
  • Tables & Figures: 20
  • Countries covered: 22
  • Pages: 80
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