Market Overview:
The global current sense transformer market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for current sense transformers in the electronics industry, power plants, and factories. Additionally, the growing demand for energy-efficient devices is also contributing to the growth of this market. The global current sense transformer market can be segmented by type, application, and region. By type, the market can be divided into mutual inductance measuring current and protective current transformer. By application, the market can be classified into electronics industry, power plants, factory automation systems & equipment manufacturing facilities (OEMs), and other applications such as medical equipment & appliances and transportation vehicles).
Product Definition:
A current sense transformer (CT) is a special type of transformer used to measure the magnitude of an electric current. CTs are typically used in conjunction with electronic instruments such as oscilloscopes and spectrum analyzers to measure the amplitude, frequency, and phase of an AC signal.
Mutual Inductance Measuring Current:
Mutual Inductance Measuring Current (MIMC) is a current sensing transformer used for measuring the mutual inductance of an electrical circuit. It consists of two coils, one of which is normally connected to a voltage source and the other attached to a load device. The primary coil generates an electromagnetic field around it, this field induces a current in the secondary coil due to self-induction effect.
Protective Current Transformer:
Protective current transformer is a device that monitors the total amperage of the circuit and trips when the current sense transformer detects an overload. It protects against damage to equipment caused by overloading or short circuits.
The protective current transformer is used in applications where it's important to monitor the amperage as well as voltage of a particular circuit, but not all devices are equipped with this feature.
Application Insights:
The electronics industry application segment accounted for the largest market share in 2017 and is projected to expand at a CAGR of XX% over the forecast period. The growing electronics industry across the globe is attributed to increasing demand for semiconductors, which are used in various electronic products ranging from smartphones to laptops.
Power plants application segment was valued at USD 1,200.0 million in 2017 owing to its usage as protective device against electrical hazards caused due to short circuit or open circuit condition of equipment during power generation process. It provides reliable protection by monitoring and controlling electric power flow through automatic shutdowns when any abnormality occurs during electricity transmission or distribution network operation such as voltage fluctuations or heavy lightning strokes that may lead into electric shock accidents among other associated risks with un-Protected transformers (UCT).
Regional Analysis:
Asia Pacific current sense transformer market is expected to grow at a significant rate over the forecast period. The growth of this region can be attributed to increasing demand for power and electronics in countries such as China, India, Japan, South Korea and Taiwan. Increasing industrialization along with growing need for energy storage capacity is also driving the regional market growth.
The Asia Pacific region has been witnessing an exponential rise in manufacturing facilities owing to low labor costs coupled with easy availability of land resources in many developing countries such as China and India. This trend is anticipated to continue over the next eight years which will further propel product demand across industries including power plants, electronics industry etc., thereby boosting overall market growth across APAC region.
Growth Factors:
- Increasing demand for miniaturization in electronic devices
- Rising demand from the automotive industry
- Growing popularity of smart grids and renewable energy sources
- Proliferation of Internet of Things (IoT) and connected devices
- Emerging applications such as electric vehicles and autonomous vehicles
Scope Of The Report
Report Attributes
Report Details
Report Title
Current Sense Transformers Market Research Report
By Type
Mutual Inductance Measuring Current, Protective Current Transformer
By Application
Electronics Industry, Power Plants, Factory, Other
By Companies
TDK, LEM, Murata, Eaton, Newava, Phoenix, CR Magnetics, Acme Electric, Amgis, Bourns, TDK, Littelfuse, Pulse Electronics, Red Lion, Talema
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
247
Number of Tables & Figures
173
Customization Available
Yes, the report can be customized as per your need.
Global Current Sense Transformers Market Report Segments:
The global Current Sense Transformers market is segmented on the basis of:
Types
Mutual Inductance Measuring Current, Protective Current Transformer
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Electronics Industry, Power Plants, Factory, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- TDK
- LEM
- Murata
- Eaton
- Newava
- Phoenix
- CR Magnetics
- Acme Electric
- Amgis
- Bourns
- TDK
- Littelfuse
- Pulse Electronics
- Red Lion
- Talema
Highlights of The Current Sense Transformers Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Mutual Inductance Measuring Current
- Protective Current Transformer
- By Application:
- Electronics Industry
- Power Plants
- Factory
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Current Sense Transformers Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Current Sense Transformers is a line of Transformers toys that use technology from the current generation to interact with other toys in the line.
Some of the major companies in the current sense transformers market are TDK, LEM, Murata, Eaton, Newava, Phoenix, CR Magnetics, Acme Electric, Amgis, Bourns, TDK, Littelfuse, Pulse Electronics, Red Lion, Talema.
The current sense transformers market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Current Sense Transformers Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Current Sense Transformers Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Current Sense Transformers Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Current Sense Transformers Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Current Sense Transformers Market Size & Forecast, 2020-2028
4.5.1 Current Sense Transformers Market Size and Y-o-Y Growth
4.5.2 Current Sense Transformers Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Mutual Inductance Measuring Current
5.2.2 Protective Current Transformer
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Electronics Industry
6.2.2 Power Plants
6.2.3 Factory
6.2.4 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Current Sense Transformers Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Current Sense Transformers Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Mutual Inductance Measuring Current
9.6.2 Protective Current Transformer
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Electronics Industry
9.10.2 Power Plants
9.10.3 Factory
9.10.4 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Mutual Inductance Measuring Current
10.6.2 Protective Current Transformer
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Electronics Industry
10.10.2 Power Plants
10.10.3 Factory
10.10.4 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Mutual Inductance Measuring Current
11.6.2 Protective Current Transformer
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Electronics Industry
11.10.2 Power Plants
11.10.3 Factory
11.10.4 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Mutual Inductance Measuring Current
12.6.2 Protective Current Transformer
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Electronics Industry
12.10.2 Power Plants
12.10.3 Factory
12.10.4 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Mutual Inductance Measuring Current
13.6.2 Protective Current Transformer
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Electronics Industry
13.10.2 Power Plants
13.10.3 Factory
13.10.4 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Current Sense Transformers Market: Competitive Dashboard
14.2 Global Current Sense Transformers Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 TDK
14.3.2 LEM
14.3.3 Murata
14.3.4 Eaton
14.3.5 Newava
14.3.6 Phoenix
14.3.7 CR Magnetics
14.3.8 Acme Electric
14.3.9 Amgis
14.3.10 Bourns
14.3.11 TDK
14.3.12 Littelfuse
14.3.13 Pulse Electronics
14.3.14 Red Lion
14.3.15 Talema
