Voltage Transducer Industry Outlook 2025-2029: Market Set to Cross $3.2 Billion Milestone

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How Large Will the Voltage Transducer Market Size By 2025?
In the previous years, the market size of the voltage transducer has shown a stable expansion. The market is expected to rise from $2.44 billion in 2024 to $2.56 billion in 2025, demonstrating a compound annual growth rate (CAGR) of 4.8%. The increment during the historical period can be credited to factors such as the escalating demand for industrial automation, a surge in energy management, the development of smart grids, and progression in the telecommunications sector.

How Big Is the Voltage Transducer Market Size Expected to Grow by 2029?
The market size for voltage transducers is projected to witness substantial growth in the coming years, increasing to $3.2 billion by 2029 with a compound annual growth rate (CAGR) of 5.8%. The growth during the forecasted period is attributed to factors like the establishment of electric vehicle charging stations, the expansion of the industrial internet of things (iiot), the growth of data centers and increased funding in research and development. The forecast period will also see significant trends such as technological progression, edge computing, advanced metering infrastructure (AMI), and demand response programs.

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Which Key Market Drivers Powering Voltage Transducer Market Expansion and Growth?
The growing trend towards electric vehicle use is anticipated to boost the expansion of the voltage transducers market. Electric vehicles, which are cars fitted with a motor fueled by battery-stored electricity, rely on electric motors and power their batteries using electricity. Voltage transducers play a pivotal role in monitoring and adjusting voltage levels at charging stations, which enhances the safety and efficiency of the charging process by preventing voltage fluctuations and potential damage to the grid. For example, in July 2023, as per the Internal Energy Agency, an independent intergovernmental organization based in France, more than 2.3 million electric cars were sold in the initial quarter of 2023, reflecting a 25% rise compared to the same timeframe in 2022. The sales are likely to touch 14 million by the end of 2023, marking a 35% increase year-on-year, with the growth rate expected to speed up in the latter part of the year. Thus, the surge in electric vehicle adoption is predicted to fuel the growth of the voltage transducer market.

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What Trends Will Shape the Voltage Transducer Market Through 2029 and Beyond?
Firms in the voltage transducer market are concentrating their efforts on creating advanced transducers with innovative fluxgate technology in order to consolidate their market foothold. Fluxgate technology is a magnetic sensing system employed in the measurement of magnetic fields. For instance, in January 2022, the China-based company Shenzhen Hangzhi Precision Electronics Co. Ltd., renowned for manufacturing high-quality current sensors and measuring devices, launched the Hangzhi HCV series high-precision voltage transducer. This voltage monitoring and measuring component is built on the backbone of fluxgate technology, representing a highly accurate voltage sensor for industrial measurements. This transducer can accurately detect a range of voltage types, including DC, AC, pulse and irregular voltages, all the while maintaining impeccable isolation between its primary and secondary sides. It finds extensive applications in a variety of fields, including but not limited to metrological verification and calibration, rail transportation, power quality monitoring, power analyzers, as well as in medical, aerospace and naval equipment sectors, where its impressive sensitivity, stability and reliability are heavily relied upon.

What Are the Emerging Segments in the Voltage Transducer Market?
The voltage transducer market covered in this report is segmented -

1) By Type: Alternating Current (AC), Direct Current (DC)
2) By Application: Railway Applications, Solar Panels, Multi-Parameter, Power Plants, Industrial Machinery, Electric Vehicles, Data Centers
3) By End-User: Transportation, Energy And Utilities, Manufacturing, IT And Telecommunication

Subsegments:
1) By Alternating Current (AC): Voltage Transformer, Current Transformer, Capacitive Voltage Divider
2) By Direct Current (DC): Hall Effect Transducer, Shunt Resistor Based Transducer, Isolation Amplifier Based Transducer

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Who Are the Global Leaders in the Voltage Transducer Market?
Major companies operating in the voltage transducer market are Siemens AG, Schneider Electric SE, Honeywell International Inc., ABB Ltd., Eaton Corp., Emerson Electric Co., TE Connectivity Ltd., Analog Devices Inc., Digi-Key Electronics Corp., Phoenix Contact GmbH & Co. KG, Yokogawa Electric Corporation, Fluke Corporation, LEM Holding SA, Veris Industries LLC, Ashcroft Inc., Dwyer Instruments Inc., Red Lion Controls Inc., NK Technologies, Building Automation Products Inc., Acromag Inc., Magnelab Corporation, Omron Automation Pvt. Ltd., Electro-Sensors Inc., Althen Sensors & Controls B.V., CR Magnetics Inc., Carlo Gavazzi Automation SpA, Aim Dynamics Inc., Continental Control Systems LLC, Darrah Electric Company.

Which are the Top Profitable Regional Markets for the Voltage Transducer Industry?
North America was the largest region in the voltage transducers market in 2024. The regions covered in voltage transducers market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

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