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Utility Scale Closed Loop Current Transducer Market Share

Report ID: GMI11982
Published Date: Oct 2024
Report Format: PDF

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Utility Scale Closed Loop Current Transducer Market Share

Global Utility Scale Closed Loop Current Transducer Company Market Share Analysis, 2023

ABB holds a leading position in the utility-scale closed-loop current transducer market, thanks to its extensive experience in developing a wide range of current transducers. Their offerings include both standard models and a variety of customized solutions, as well as complementary products. With a rich history in the electrical equipment industry, ABB consistently provides tailored current transducer solutions designed to meet the unique requirements of diverse applications.

Utility Scale Closed Loop Current Transducer Market Companies

Major key players operating across the utility scale closed 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 utility-scale closed-loop current transducer was reached USD 121.8 million in 2023 and is projected to grow at a 4.2% CAGR from 2024 to 2032, propelled by the rise of renewable energy projects.

The motor drive segment is expected to grow at a CAGR of more than 3.4% through 2032, driven by the shift towards automation in industries to enhance efficiency and precision.

The U.S. market for utility-scale closed-loop current transducer is projected to exceed USD 21.33 million by 2032, led by significant investments in large-scale solar and wind energy projects requiring precise current monitoring.

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