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Current Transducer Market Size and Forecast, by Technology (Closed Loop, Open Loop); Application (Inverter and Converter, UPS and SMPS, Battery Management, Motor Drive); End-User (Industrial, Renewable, Automotive, Residential and Commercial) - Growth Trends, Key Players, Regional Analysis 2026-2035

  • Report ID: 6151
  • Published Date: Sep 17, 2025
  • Report Format: PDF, PPT

Current Transducer Market Outlook:

Current Transducer Market size was valued at USD 771.88 million in 2025 and is likely to cross USD 1.16 billion by 2035, registering more than 4.2% CAGR during the forecast period i.e., between 2026-2035. In the year 2026, the industry size of current transducer is assessed at USD 801.06 million.

Current Transducer Market Size
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It's thought that the increased need for current transducers that enable precise energy monitoring and optimization is being driven by the world's expanding power consumption.

These transducers help identify inefficiencies in energy use and help implement strategies to reduce costs and consumption.

According to the International Energy Agency, the effects of the COVID-19 epidemic caused the worldwide power demand to decline by almost 1% in 2020; however, the global economic recovery propelled the growth of nearly 5% in 2021 and 4% in 2022.

Key Current Transducer Market Insights Summary:

  • Regional Highlights:

    • Asia Pacific current transducer market is anticipated to capture 40% share by 2035, driven by rapid urbanization and increasing power consumption in urban areas.
    • Europe market will experience tremendous growth during the forecast timeline, driven by an increasing emphasis on energy efficiency and carbon neutrality goals.

  • Segment Insights:

    • The industrial segment in the current transducer market is projected to hold a 45% share by 2035, driven by the expanding medical devices sector requiring current transducers.
    • The motor drive segment in the current transducer market is anticipated to hold a 35% share by 2035, driven by the use of transducers to optimize motor performance.

  • Key Growth Trends:

    • Rising sales of electric vehicles
    • Increasing adoption of renewable energy sources

  • Major Challenges:

    • Lack of accuracy
    • Stringent rules and regulations

  • Key Players: ABB, LEM, Texas Instruments, Phoenix Contact, NK Technologies, Siemens, CR MAGNETICS, INC., Veris Industries, Topstek, Inc., Danisense.

Global Current Transducer Market Forecast and Regional Outlook:

  • Market Size & Growth Projections:

    • 2025 Market Size: USD 771.88 million
    • 2026 Market Size: USD 801.06 million
    • Projected Market Size: USD 1.16 billion by 2035
    • Growth Forecasts: 4.2% CAGR (2026-2035)

  • Key Regional Dynamics:

    • Largest Region: Asia Pacific (40% Share by 2035)
    • Fastest Growing Region: Asia Pacific
    • Dominating Countries: United States, China, Germany, Japan, South Korea
    • Emerging Countries: China, India, Japan, South Korea, Singapore

    • Last updated on : 17 September, 2025

Growth Drivers

  • Rising sales of electric vehicles - The increasing number of electric vehicles (EVs) on the road is increasing the need for current transducers, as they are essential to critical EV operations like motor control, battery management, and charging systems.

    For instance, there were more than 25 million electric vehicles on the road in the world in 2022, around a 59% increase from 2021.
  • Increasing adoption of renewable energy sources - In many different applications, including renewable energy systems, current transducers are crucial parts, which help in monitoring power output and distribution.

    As per the International Energy Agency, through 2026, about 95% of the world's electricity capacity expansion is expected to come from renewable sources.

Challenges

  • Lack of accuracy - A current transducer's readings might become unstable due to shock overload, electrical surges from lightning, improper handling, or water intrusion, which makes it difficult to measure the electrical current directly.
     
  • Stringent rules and regulations - The current transducer market laws are stringent and vary from country to country, which makes it challenging for transducer manufacturers to comply with these regulations and legal requirements, which include safety and electromagnetic compatibility (EMC) standards, as it adds complexity and expense to the product development and certification processes.

Current Transducer Market Size and Forecast:

Report Attribute Details

Base Year

2025

Forecast Period

2026-2035

CAGR

4.2%

Base Year Market Size (2025)

USD 771.88 million

Forecast Year Market Size (2035)

USD 1.16 billion

Regional Scope

  • North America (U.S. and Canada)
  • Asia Pacific (Japan, China, India, Indonesia, Malaysia, Australia, South Korea, Rest of Asia Pacific)
  • Europe (UK, Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Latin America (Mexico, Argentina, Brazil, Rest of Latin America)
  • Middle East and Africa (Israel, GCC, North Africa, South Africa, Rest of the Middle East and Africa)
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Current Transducer Market Segmentation:

End-User Segment Analysis         

Industrial segment is likely to capture over 45% current transducer market share by 2035. The segment growth can be ascribed to the growing medical devices sector. For instance, the global medical device market is expected to expand by over 5% between 2024 and 2029.

This significantly boosts the demand for current transducers, as they are essential in medical devices including MRI machines, and CT scanners that require accurate current measurement.

Transducers are used in phonocardiography and other heart sound detection and recording systems and are also known to offer a catheter-to-monitor interface that enables the measurement of intravascular and intracardiac pressure.

Technology Segment Analysis         

The open loop segment in current transducer market is estimated to register substantial revenue through 2035. The major factor for the expansion of the segment is rising industrial automation. For instance, global productivity will increase through automation by around 0.7% to 1% per year.

The foundation of open-loop current sensors is the measurement of the magnetic field produced by a conductor's current flow, which is extensively utilized in process monitoring and motor control in industrial automation.

In addition, the purpose of closed-loop systems is to induce a compensatory current in the secondary coil, that is used in industrial automation for overload protection, current regulation, and motor control.

Application (Inverter and Converter, UPS and SMPS, Battery Management, Motor Drive)

By the end of 2035, motor drive segment is set to dominate around 35% current transducer market share. Recent years have seen a notable increase in the market demand for current transducers because of their use in several industries, including motor drive to maximize motor driving performance and power efficiency.

Our in-depth analysis of the global market includes the following segments:

            Technology
  • Closed Loop
  • Open Loop

            Application
  • Inverter and Converter
  • UPS and SMPS
  • Battery Management
  • Motor Drive

            End-User
  • Industrial
  • Renewable
  • Automotive
  • Residential and Commercial 
Vishnu Nair
Vishnu Nair
Head - Global Business Development

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Current Transducer Market Regional Analysis:

APAC Market Insight

Asia Pacific industry is expected to account for largest revenue share of 40% by 2035. The market growth in the region is also expected on account of rapid urbanization. For instance, over 50% of Asia's population will live in cities by 2030.

As a result, there is increasing power consumption in urban areas, which is likely to create a huge demand for current transducer market in the region.

According to the World Bank, with an average yearly urbanization rate of 3%, East Asia and the Pacific are the regions that are urbanizing the fastest in the world.

China's advancements in the construction of smart grid networks are encouraging, which rely heavily on current transducers to keep an eye on and control the flow of electricity within their infrastructure, which enhances their dependability and efficiency.

As per the data published by the International Energy Agency, China intends to invest USD 442 billion between 2021 and 2025 to develop and modernize its electricity networks.

As part of its "go green" initiative to position Japan as a leader in environmental and energy sustainability, the Japanese government is working to improve the grid system's dependability, which is expected to boost current transducer market demand.

The market may expand in Korea since the foundation of the region’s economy is manufacturing, which has led the way for decades in the country's status as a worldwide industrial powerhouse owing to sectors including ICT, electronics, heavy machinery, oceangoing ships, automobiles, materials, and construction.

European Market Insight

The Europe region will also register tremendous current transducer market revenue shortly fueled by the increasing emphasis on energy efficiency in this region.

For the EU to reach carbon neutrality by 2050, it must increase energy efficiency and decrease energy use more quickly, which has driven the need for current transducers as they are distinguished by their efficient use of energy and low power consumption.

Germany may see a rise in the use of current transducers since in 2023, almost 36 billion euros were invested in renewable energy projects.

Similarly, Italy has effectively integrated significant amounts of variable renewable generation and is still investing in energy infrastructure and development.

Current Transducer Market Share
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Current Transducer Market Players:

    The current transducer market consists of many key players who are launching various strategic initiatives to expand their market position in the industry.

    • Johnson Controls
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • ABB
    • LEM
    • Texas Instruments
    • Phoenix Contact
    • NK Technologies
    • Siemens
    • CR MAGNETICS, INC. 
    • Veris Industries
    • Topstek, Inc.
    • Danisense

Recent Developments

  • Danisense the leader in high-accuracy current sense transducers introduced a new current transducer, the DN1000ID with a huge aperture of 41.2mm, which provides the optimum balance between the nominal current of 1000A and the aperture size while maintaining the highest levels of phase shift and accuracy in measurements.
  • LEM announced the launch of two new coreless high current sensors capable of measuring high DC currents with accuracy between 2kA and 42kA to encourage the growth of the renewable energy sector and increased electrification worldwide.
  • Report ID: 6151
  • Published Date: Sep 17, 2025
  • Report Format: PDF, PPT
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Frequently Asked Questions (FAQ)

In the year 2026, the industry size of current transducer is assessed at USD 801.06 million.

The global current transducer market size was valued at over USD 771.88 million in 2025 and is expected to register a CAGR of over 4.2%, exceeding USD 1.16 billion revenue by 2035.

Asia Pacific current transducer market is anticipated to capture 40% share by 2035, driven by rapid urbanization and increasing power consumption in urban areas.

Key players in the market include ABB, LEM, Texas Instruments, Phoenix Contact, NK Technologies, Siemens, CR MAGNETICS, INC., Veris Industries, Topstek, Inc., Danisense.

Current Transducer Market Report Scope

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