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Current Transducer Market Growth Opportunities, Share Demand and Forecast to 2025

Author : Rahul Sankrityayan | Published Date : 2019-09-09 

Current Transducer Market size is anticipated to witness growth on account of increasing investment towards sustainable energy and battery powered establishments. Ongoing technological advancement towards automotive electronic control system and introduction of hybrid electric vehicles (HEV) will augment the business scenario. Furthermore, large scale commercialization across the IOT industry followed by increasing deployment in Hall Effect current sensors will positively influence the industry outlook.

Increasing demand for fully programmable and integrated sensors from the automotive industry is anticipated to drive the high-volume current transducer market. Moreover, increasing number of electric vehicles and hybrid vehicles (EV and HEV) will positively influence the product growth. Furthermore, effective application of these units across positioning, speed detection, proximity switching and current sensing in various industries are the key factors driving the business landscape.

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Favorable regulations in association to sustainable energy and low carbon emission followed by government and private partner investment towards research and innovation will positively influence the current transducer market. Moreover, these norms will primarily influence the automobile segment owing to increasing adoption of HEV & EV vehicles in the U.S, China, Germany and other countries. Furthermore, various expansion strategies including merger and acquisition, business collaboration and product development by the eminent players, are expected to positively sway the business growth.

Increase in population across developing regions stimulate rise in demand of consumer electronic applications including household appliances and electronic instruments which will propel the current transducer market. Appreciable economic growth across China, Japan, India and South Korea can be attributed to the evolution of cloud connectivity systems which in turn will complement the product demand. Moreover, ongoing technological competition among the industry to introduce cost effective units along with increasing product adaptability will augment the product portfolio.

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Growing inclination towards global power production coupled with escalating automotive and consumer electronics manufacturing capacity will positively influence the current transducer market growth. Moreover, as per European commission, government investment in renewable sources between 2020 and 2050 will enhance the installation of current sensor across the region.

Eminent player across the current transducer market includes LEM, NK Technologies, Veris, Phoenix, Honeywell, Infineon, Allegro and Melexis Design focused research & innovation, private partner investments and strategic alliances, followed by foreign direct investments are the prime strategies by major industry players positively influencing the current transducer market.

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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

About Author

Rahul Sankrityayan

Rahul Sankrityayan

Fortified with a post-graduate degree in Computer Applications, Rahul Sankrityan writes for Fractovia, where he pens down news and articles spanning across segments of technology industry that excite him on a day-to-day basis. Rahul comes with a rich experience in technical field as well as writing. He can be contacted at- [email protected] | https://twitter.com/sankritsays

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