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Industrial Open Loop Current Transducer Market Share

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

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Industrial Open Loop Current Transducer Market Share

Global Industrial Open Loop Current Transducer Company Market Share Analysis, 2023

ABB holds a leading role in the industrial open-loop current transducer industry, leveraging its extensive expertise in creating a diverse range of current transducers. Their portfolio includes both standard models and a variety of tailored solutions, complemented by additional products to enhance performance. With a well-established background in the power equipment industry, ABB consistently offers customized transducer solutions engineered to meet the specific requirements of various applications.

Industrial Open Loop Current Transducer Market Companies

Some of the prominent key players operating across the industrial open 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 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.