Closed Loop Current Transducer Market Scope, Size, Trends and Future Challenges 2034
Global Closed Loop Current Transducer Market Growth Size, Trends Analysis - By Application, By End User- Regional Outlook, Competitive Strategies and Segment Forecast to 2034
| Published: Jun-2025 | Report ID: POAE2565 | Pages: 1 - 250 | Formats*: |
| Category : Power & Energy | |||
Global Closed Loop Current Transducer Market Introduction and Overview
According to SPER Market Research, the Global Closed Loop Current Transducer Market is estimated to reach USD 624.17 million by 2034 with a CAGR of 4.55%.
The report includes an in-depth analysis of the Global Closed Loop Current Transducer Market, including market size and trends, product mix, Applications, and supplier analysis. The global closed loop current transducer market was valued at US 400 million in 2024 and is projected to increase at a compound annual growth rate (CAGR) of 4.55% between 2025 and 2034. The growing need for precise and reliable current measurement in areas like industrial automation, renewable power, electric mobility, and energy systems is fueling market expansion. Progress in technology such as better precision and smaller device size has widened the range of applications.
By Application Insights
The demand for closed loop current transducers in motor drive applications is expected to rise significantly due to growing automation across industries like manufacturing, automotive, and robotics. The adoption of variable frequency drives (VFDs), which depend on real-time feedback for efficient motor performance, is also fueling this trend. Additionally, the transition toward digital technologies and smart systems is boosting the need for IoT-enabled closed loop transducers that support real-time monitoring and predictive maintenance, further driving market growth.
By End-User Insights
The industrial closed loop current transducers market is expected to experience steady growth due to their high accuracy and dependability, made possible by feedback systems that ensure stable performance under varying conditions. This market expansion is further supported by continuous technological innovations, increasing emphasis on energy-efficient operations, and a worldwide transition toward renewable energy sources. As industries strive for greater precision and sustainability in their processes, closed loop transducers are becoming increasingly vital for maintaining control and efficiency in dynamic industrial environments.
Regional Insights
The Asia Pacific region is witnessing rapid growth in the closed-loop current transducers market, fueled by the rising adoption of electric vehicles, industrial expansion, and the shift toward renewable energy. This growth is further supported by advancements in automated and efficient power management systems and the development of smart grid infrastructure. Countries like China, India, and Japan are at the forefront of this transformation, investing heavily in energy-efficient and renewable technologies to meet their growing power needs. Their focus on building modern energy infrastructure is playing a key role in driving regional market expansion.
Market Competitive Landscape
Leading companies in the Closed Loop Current Transducer market are boosting R&D, launching innovative products, and forming strategic partnerships to deliver compact, cost-effective, and high-precision solutions across electric vehicles, industrial automation, and renewable energy sectors. Some key players are- ABB, Cheemi Technology, Chenyang Technologies, Danisense, HBK, Howard Butler, Johnson Controls, LEM International, Luksens, and NK Technologies.
Recent Developments:
In March 2024, Danisense introduced two new current transducer models, DW500UB-2V, aimed at delivering precise current measurements for electronic power and industrial applications. Unveiled at APEC 2024, these devices are expected to enhance sensing accuracy and reliability in high-current environments. Danisense’s strong marketing aligns with the increasing demand for advanced current sensing solutions where precision is critical.
In May 2023, ABB announced the launch of a new distribution center in Pennsylvania, USA, investing several million dollars to support rising electricity demands in the northeastern region. The facility, stocked with a large inventory of electrical products, strengthens ABB’s presence locally and allows for quicker response to customer needs, expanding their market reach in that area.
Scope of the report:
| Report Metric | Details |
| Market size available for years | 2021-2034 |
| Base year considered | 2024 |
| Forecast period | 2025-2034 |
| Segments covered | By Application, By End-User |
| Regions covered | North America, Latin America, Asia-Pacific, Europe, and Middle East & Africa |
| Companies Covered | ABB, Cheemi Technology, Chenyang Technologies, Danisense, HBK, Howard Butler, Johnson Controls, LEM International, Luksens, NK Technologies. |
Key Topics Covered in the Report
- Global Closed Loop Current Transducer Market Size (FY’2021-FY’2034)
- Overview of Global Closed Loop Current Transducer Market
- Segmentation of Global Closed Loop Current Transducer Market By Application (Motor drive, Converter & inverter, Battery management, UPS & SMPS)
- Segmentation of Global Closed Loop Current Transducer Market By End-User (Industrial, Utility, Automotive)
- Statistical Snap of Global Closed Loop Current Transducer Market
- Expansion Analysis of Global Closed Loop Current Transducer Market
- Problems and Obstacles in Global Closed Loop Current Transducer Market
- Competitive Landscape in the Global Closed Loop Current Transducer Market
- Details on Current Investment in Global Closed Loop Current Transducer Market
- Competitive Analysis of Global Closed Loop Current Transducer Market
- Prominent Players in the Global Closed Loop Current Transducer Market
- SWOT Analysis of Global Closed Loop Current Transducer Market
- Global Closed Loop Current Transducer Market Future Outlook and Projections (FY’2025-FY’2034)
- Recommendations from Analyst
1.Introduction
1.1.Scope of the report1.2.Market segment analysis
2.Research Methodology
2.1.Research data source
2.1.1.Secondary Data2.1.2.Primary Data2.1.3.SPERs internal database2.1.4.Premium insight from KOLs
2.2.Market size estimation
2.2.1.Top-down and Bottom-up approach
2.3.Data triangulation
3.Executive Summary
4.Market Dynamics
4.1.Driver, Restraint, Opportunity and Challenges analysis
4.1.1.Drivers4.1.2.Restraints4.1.3.Opportunities4.1.4.Challenges
5.Market variable and outlook
5.1.SWOT Analysis
5.1.1.Strengths5.1.2.Weaknesses5.1.3.Opportunities5.1.4.Threats
5.2.PESTEL Analysis
5.2.1.Political Landscape5.2.2.Economic Landscape5.2.3.Social Landscape5.2.4.Technological Landscape5.2.5.Environmental Landscape5.2.6.Legal Landscape
5.3.PORTERs Five Forces
5.3.1.Bargaining power of suppliers5.3.2.Bargaining power of buyers5.3.3.Threat of Substitute5.3.4.Threat of new entrant5.3.5.Competitive rivalry
5.4.Heat Map Analysis
6.Competitive Landscape
6.1.Global Closed Loop Current Transducer Market Manufacturing Base Distribution, Sales Area, Product Type6.2.Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Closed Loop Current Transducer Market
7.Global Closed Loop Current Transducer Market, By Application (USD Million) 2021-2034
7.1. Motor drive7.2. Converter & inverter7.3. Battery management7.4. UPS & SMPS
8.Global Closed Loop Current Transducer Market, By End-User (USD Million) 2021-2034
8.1. Industrial8.2. Utility8.3. Automotive
9.Global Closed Loop Current Transducer Market, (USD Million) 2021-2034
9.1.Global Closed Loop Current Transducer Market Size and Market Share
10.Global Closed Loop Current Transducer Market, By Region, (USD Million) 2021-2034
10.1.Asia-Pacific
10.1.1.Australia10.1.2.China10.1.3.India10.1.4.Japan10.1.5.South Korea10.1.6.Rest of Asia-Pacific
10.2.Europe
10.2.1.France10.2.2.Germany10.2.3.Italy10.2.4.Spain10.2.5.United Kingdom10.2.6.Rest of Europe
10.3.Middle East and Africa
10.3.1.Kingdom of Saudi Arabia10.3.2.United Arab Emirates10.3.3.Qatar10.3.4.South Africa10.3.5.Egypt10.3.6.Morocco10.3.7.Nigeria10.3.8.Rest of Middle-East and Africa
10.4.North America
10.4.1.Canada10.4.2.Mexico10.4.3.United States
10.5.Latin America
10.5.1.Argentina10.5.2.Brazil10.5.3.Rest of Latin America
11.Company Profile
11.1.ABB
11.1.1.Company details11.1.2.Financial outlook11.1.3.Product summary11.1.4.Recent developments
11.2.Cheemi Technology
11.2.1.Company details11.2.2.Financial outlook11.2.3.Product summary11.2.4.Recent developments
11.3.Chenyang Technologies
11.3.1.Company details11.3.2.Financial outlook11.3.3.Product summary11.3.4.Recent developments
11.4.Danisense
11.4.1.Company details11.4.2.Financial outlook11.4.3.Product summary11.4.4.Recent developments
11.5.Howard Butler
11.5.1.Company details11.5.2.Financial outlook11.5.3.Product summary11.5.4.Recent developments
11.6.HBK
11.6.1.Company details11.6.2.Financial outlook11.6.3.Product summary11.6.4.Recent developments
11.7.Johnson Controls
11.7.1.Company details11.7.2.Financial outlook11.7.3.Product summary11.7.4.Recent developments
11.8.LEM International
11.8.1.Company details11.8.2.Financial outlook11.8.3.Product summary11.8.4.Recent developments
11.9.Luksens
11.9.1.Company details11.9.2.Financial outlook11.9.3.Product summary11.9.4.Recent developments
11.10.NK Technologies
11.10.1.Company details11.10.2.Financial outlook11.10.3.Product summary11.10.4.Recent developments
11.11.Others
12.Conclusion
13.List of Abbreviations
14.Reference Links
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
Closed Loop Current Transducer Market is projected to reach USD 624.17 million by 2034, growing at a CAGR of of 4.55% during the forecast period.
Closed Loop Current Transducer Market grew in Market size from 2025. The Market is expected to reach USD 624.17 million by 2034, at a CAGR of 4.55% during the forecast period.
Closed Loop Current Transducer Market CAGR of 4.55% during the forecast period.
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Closed Loop Current Transducer Market size is USD 624.17 million from 2025 to 2034.
Closed Loop Current Transducer Market is covered By Application, By End-User
The North America is anticipated to have the highest Market share in the Closed Loop Current Transducer Market.
ABB, Cheemi Technology, Chenyang Technologies, Danisense, HBK, Howard Butler, Johnson Controls, LEM International, Luksens, NK Technologies.
The report includes an in-depth analysis of the Global Closed Loop Current Transducer Market, including market size and trends, product mix, Applications, and supplier analysis.
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