AC Current Transducers Market Analysis Overview:
The AC Current Transducers Market is projected to grow at a significant pace reaching a CAGR of approximately XX %, over the forecast period of 2022–2028, despite a considerable fall in product sales during the initial phase of pandemic spread and lockdown restrictions imposed globally.
The AC current transducer is a device used to convert electrical signals between alternating current and direct current. The output signal is converted into an analog or digital signal, which can be then read by a system controller. The segment is divided into single function and multifunction. The single function is expected to grow at a significant rate due to the growing applications in solar, wind, biopower, hydropower projects, and others.
By region, the North American AC current transducer market is growing at a significant rate. The growth is attributed to the increasing regional demand for AC current transducer units in end-user industries such as energy & utilities, automotive, and others. Moreover, countries such as Canada, the US, and Mexico are focusing on automation in the industrial sector to increase output. Thus, driving the AC current transducers market growth.
Top Key Players of the AC Current Transducers Market:
The report includes a regional analysis and country analysis with the latest trends, along with the major key players including NK Technologies, Meco Instruments, Eltime Controls, Tsuruga Electric, Ohio Semitronics.
Type Covered in This Report Area:
Single Function
Multi-Function
On the Basis of Application:
Industrial Use
Commercial Use
Others
Regional Analysis:
North America– (U.S., Canada, Mexico)
Europe- (Germany, France, U.K., Russia, Italy, Spain, BENELUX, Rest of Europe)
Asia Pacific- (China, Japan, India, South Korea, Australia, ASEAN, Rest of Asia Pacific)
Latin America- (Brazil, Argentina, Chile, Rest of Latin America)
Middle East and Africa- (GCC, Turkey, Israel, Rest of MEA)
The study is consolidated into major segments and further into sub-segments, such as by Type (Single Function, Multi-Function), AC Current Transducers Market Research, Application (Industrial Use, Commercial Use, Others), to forecast the market size by value; also includes the analysis of past market dynamics from 2016 – 2021, considering 2021 as the base year.
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