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Voltage Transducer Market Share

Report ID: GMI6162
Published Date: Jul 2023
Report Format: PDF

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Voltage Transducer Market Share

Some of the key players operating across the voltage transducer market are:

ABB
Siemens
Schneider Electric
Phoenix Contact
Analog Devices, Inc
CR Magnetics, Inc.
NK Technologies
LEM International SA
Socomec,
Carlo Gavazzi.

Increasing focus on the advancement of voltage transducers across the industry along with various technological innovations by these players will enhance the overall business scenario.

Authors: Ankit Gupta, Vinayak Shukla

Frequently Asked Questions (FAQ) :

The market size of voltage transducer reached USD 1.2 billion in 2023 and is projected to expand at 6.8% CAGR from 2024 to 2032, owing to a growing focus on energy efficiency and conservation.

The industrial machinery segment held a industry share of more than 29% in 2022 and is expected to grow at a lucrative pace by 2032, backed by the increasing adoption of industrial IIoT that enables the connectivity and exchange of data between industrial machinery and voltage transducers.

The Asia Pacific industry is poised to witness 5% growth rate during 2023 and 2032 due to the robust industrialization and infrastructure development, particularly in countries like China, India, and Southeast Asian nations.

are ABB, Siemens, Schneider Electric, Phoenix Contact, Analog Devices, Inc., CR Magnetics, Inc., NK Technologies, LEM International SA, Socomec, and Carlo Gavazzi.