Current Transducer Market To Reach USD 799.2 Million By 2031 Driven By Industrial Automation

(MENAFN- EIN Presswire)

Allied

Current transducers are chemically resistant and dimensionally stable, boosting demand across automotive, industrial, & construction sectors in the coming years

WILMINGTON, DE, UNITED STATES, September 12, 2025 /EINPresswire / -- According to a new report published by Allied Market Research, titled,“Current Transducer Market Size, Share, Competitive Landscape and Trend Analysis Report, by Technology (Open Loop, Closed Loop), by Application (Inverter and converter, UPS and SMPS, Battery Management, Motor Drive, Others), by End User (Industrial, Renewable, Automotive, Residential and Commercial, Others): Global Opportunity Analysis and Industry Forecast, 2021 - 2031" The global current transducer market size was valued at $520.0 million in 2021, and is projected to reach $799.2 million by 2031, growing at a CAGR of 4.5% from 2022 to 2031.

A current transducer is a device designed to convert electrical current into standardized signals for industrial applications. Known for its linearity, dimensional stability, and ability to maintain consistent electrical flow, it ensures efficient operation of electrical systems. Current transducers are widely used across industries, including automotive, electrical components, transportation, aerospace, building & construction, and other industrial sectors.

The demand for current transducers is rising due to the rapid growth of industrial sectors worldwide, expansion in manufacturing activities, and increasing requirements for oil and gas in both developed and developing regions. These devices are crucial in machinery used in petroleum, manufacturing, and industrial applications, as they stabilize current flow and enhance power supply by preventing overloads. Such advantages are driving the adoption of current transducers, particularly in the expanding petroleum and industrial markets.

Download PDF Brochure:

However, current transducers face certain limitations that may affect their reliability. Aging and drift of active components can reduce performance over time, and they generally consume more power compared to other analog signal types. Additionally, in high-voltage electronic devices, they can increase circuit load resistance, potentially causing short circuits in electrical systems or battery-operated vehicles. These challenges, coupled with stringent safety regulations and standards governing the use of current transducers in both developed and developing countries, are expected to restrain overall market growth.

The growth of the building and construction sector, rising consumer demand for electrical devices, and increased disposable income among middle-class households are driving the demand for current transducers. These devices are widely used in electric meters and household electronics such as air conditioners, LED lights, TVs, and LCDs. By converting raw current into standardized industrial electrical current and minimizing mechanical nonlinearities, current transducers enhance the durability and performance of electrical devices. This trend is expected to create significant growth opportunities for the current transducer market in the coming years.

Snag Discount:

Segment Overview
The current transducer market forecast is segmented on the basis of technology, application, end user, and region. On the basis of technology, the market is categorized into open loop and closed loop. On the basis of application, it is divided into motor drive, battery management, UPS & SMPS, converter & inverter, and others. By end user, it is divided into industrial, renewable, automotive, residential & commercial, and others. Region-wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA.

Regional Analysis
North America: North America holds a significant share due to the presence of established industrial sectors, strong R&D capabilities, and early adoption of automation technologies. The U.S. remains a key market driven by aerospace, healthcare, and energy applications.

Asia-Pacific: Asia-Pacific is expected to witness the highest growth, fueled by rapid industrialization, increasing automotive production, and expanding electronics manufacturing hubs in China, India, and Japan. Emerging economies are adopting smart manufacturing solutions, further boosting demand.

For Purchase Inquiry:


Competitive Analysis
Key players operating in the global current transducer market analysis include ABB, Ltd., ADTEK ELECTRONICS CO., LTD, American Aerospace Control, CR Magnetics, Inc., Danisense, GENERAL ELECTRIC, Intermountain Electric, Inc., Johnson Controls, LEM, NK Technologies., Phoenix Contact, Siemens, Texas Instruments Incorporated, Topstek Inc., and Veris.

Key Findings of the Study
. E-commerce growth is the primary driver for increased freight trucking demand.
. Technological integration, including telematics and AI-based route optimization, enhances efficiency.
. Heavy-duty trucks dominate, but electric trucks are growing in last-mile delivery.
. Asia-Pacific is the fastest-growing regional market due to industrialization and infrastructure expansion.
. Regulatory compliance and fuel price volatility remain key operational challenges.

Trending Reports in Industry:

Fault Current Limiter Market


Direct Current Power System Market


Current Transformer Market


High Voltage Direct Current (HVDC) Transmission Market


Inverter Systems Market

David Correa
Allied Market Research
+15038946022 ext.
email us here
Visit us on social media:
LinkedIn
Facebook
YouTube
X

Legal Disclaimer:

EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.

MENAFN12092025003118003196ID1110054062