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Utility Scale Open Loop Current Transducer Market Share

Report ID: GMI11993
Published Date: Oct 2024
Report Format: PDF

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Utility Scale Open Loop Current Transducer Market Share

Utility Scale Open Loop Current Transducer Company Market Share Analysis, 2023

ABB maintains a prominent position in the utility-scale open-loop current transducer industry due to its vast expertise in producing a comprehensive range of current transducers. Their portfolio features both standard models and an array of customized solutions, along with supplementary products. With a strong legacy in the electrical equipment industry, ABB continuously delivers specialized transducer solutions, specifically designed to address the distinct needs of various applications.

Utility Scale Open Loop Current Transducer Market Companies

Major key players operating across the utility scale 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 utility-scale open-loop current transducer was reached USD 73.4 million in 2023 and is set to grow at a CAGR of 5.2% from 2024 to 2032, driven by the rise of renewable energy projects.

The motor drive segment is expected to register a CAGR of about 4.4% through 2032, as industries adopt automation to enhance efficiency and precision.

The U.S. utility-scale open-loop current transducer market is projected to exceed USD 16.2 million by 2032, propelled by significant investments in renewable energy projects.

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