Market Overview:
The global electrical quantity transducer market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for electrical quantity transducers in various industries such as oil, power, railway and municipal among others. Additionally, the growing awareness about energy conservation is also propelling the growth of this market. However, fluctuations in prices of raw materials used in manufacturing these transducers may restrain the growth of this market to some extent during the forecast period. Based on type, analog type electrical quantity transducers are expected to dominate the global market during 2018-2030 owing their low cost and easy installation as compared to digital type counterparts.
Product Definition:
An electrical quantity transducer is a device used to convert an electrical signal into another form, such as mechanical displacement, voltage or current. This type of transducer is important for measuring and controlling electrical quantities in a variety of applications.
Analog Type:
Analog type is a quantity transducer which converts continuous or discrete electrical quantities into fixed-level signals. It’s used in various applications such as medical, consumer goods and automotive industries. Analog transducers are extensively used owing to its advantages such as it can be easily integrated with microcontrollers, provides high accuracy and offers wide dynamic range.
Digital Type:
The digital type is used in electrical quantity transducers to convert analog signals into digital signals and back to display the result on a screen. The conversion from analog to digital and back helps in accurate measurement of any electrical quantities.
Advantages of using Digital Type: It provides accuracy, ease of use, quick results, real-time data acquisition during process monitoring or control system implementation for industrial applications such as temperature sensors or pressure sensors among others.
Application Insights:
The oil industry segment accounted for the largest revenue share in 2016 and is projected to witness significant growth over the forecast period. The demand for GEMs is increasing in this industry as they offer higher resolution, better accuracy, and enhanced versatility compared to traditional mechanical gauges. Moreover, with the rising need for real-time data regarding reservoir levels and flow rates, electrical gauges are being preferred over their mechanical counterparts owing to their increased precision.
The power industry segment accounted for a considerable revenue share in 2016 owing to an increase in coal production that requires a large amount of electricity generation equipment maintenance & repair work along with its associated tools such as torque wrenches and torque guns. Furthermore, growing investments by various governments across different countries are expected to boost market growth over the forecast period.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market over the forecast period. The growth can be attributed to increasing government spending on infrastructure development and rising energy demand in emerging economies, such as China and India. In addition, growing industrialization coupled with a rise in consumer disposable income levels will drive the product demand further.
The European electrical quantity transducer market is anticipated to grow at a moderate pace over the forecast period owing to stringent environmental regulations that are hampering industrial activities across this region. However, recovery of manufacturing sectors in countries including Germany, France and Italy will drive overall industry growth shortly after 2018 end of this year.
North America accounted for more than 20% of total revenue share in 2017 owing to early adoption of EPTs by various industries operating within U.S.
Growth Factors:
- Increasing demand from the end-use industries: The electrical quantity transducer market is witnessing a rise in demand from the end-use industries, owing to the increasing adoption of these devices for various applications.
- Growing popularity of smart grids: The growing popularity of smart grids is another major factor driving the growth of the electrical quantity transducer market. These devices are increasingly being used for monitoring and controlling energy consumption in smart grids.
- Rising investments in renewable energy projects: Renewable energy projects are gaining traction across the globe, owing to concerns about climate change and rising electricity costs. This is resulting in an increase in demand for electrical quantity transducers for use in these projects.
- Technological advancements: Ongoing technological advancements are leading to innovations in electrical quantity transducers, which is aiding their uptake across various applications segments.. 5) Growing awareness about benefits offered by these devices: There is a growing awareness among consumers about the benefits offered by electric quantity transducers, such as improved accuracy and efficiency
Scope Of The Report
Report Attributes
Report Details
Report Title
Electrical Quantity Transducer Market Research Report
By Type
Analog Type, Digital Type
By Application
Oil Industry, Power Industry, Railway Industry, Municipal Industry, Others
By Companies
Yokogawa, NK Technologies, CR Magnetics, Knick USA, Sentran, GMC, MEGACON, DEIF, Siemens, DAIICHI, Yokogawa, Magnelab, FLEX-CORE, Eltime, LUMEL S.A., Zhejiang Harnpu, Csec, MAXONIC, Artel, Qingzhi, SSET, Shanghai Chenzhu, YUEQING CITY HAIXIN, Yinhe
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
240
Number of Tables & Figures
168
Customization Available
Yes, the report can be customized as per your need.
Global Electrical Quantity Transducer Market Report Segments:
The global Electrical Quantity Transducer market is segmented on the basis of:
Types
Analog Type, Digital Type
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
Oil Industry, Power Industry, Railway Industry, Municipal Industry, Others
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:
- Yokogawa
- NK Technologies
- CR Magnetics
- Knick USA
- Sentran
- GMC
- MEGACON
- DEIF
- Siemens
- DAIICHI
- Yokogawa
- Magnelab
- FLEX-CORE
- Eltime
- LUMEL S.A.
- Zhejiang Harnpu
- Csec
- MAXONIC
- Artel
- Qingzhi
- SSET
- Shanghai Chenzhu
- YUEQING CITY HAIXIN
- Yinhe
Highlights of The Electrical Quantity Transducer 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:
- Analog Type
- Digital Type
- By Application:
- Oil Industry
- Power Industry
- Railway Industry
- Municipal Industry
- Others
- 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 Electrical Quantity Transducer 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?
An electrical quantity transducer is a device that converts an electrical signal into a physical quantity.
Some of the major players in the electrical quantity transducer market are Yokogawa, NK Technologies, CR Magnetics, Knick USA, Sentran, GMC, MEGACON, DEIF, Siemens, DAIICHI, Yokogawa, Magnelab, FLEX-CORE, Eltime, LUMEL S.A., Zhejiang Harnpu, Csec, MAXONIC, Artel, Qingzhi, SSET, Shanghai Chenzhu, YUEQING CITY HAIXIN, Yinhe.
The electrical quantity transducer market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Electrical Quantity Transducer 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 Electrical Quantity Transducer Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Electrical Quantity Transducer 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 Electrical Quantity Transducer 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 Electrical Quantity Transducer Market Size & Forecast, 2018-2028
4.5.1 Electrical Quantity Transducer Market Size and Y-o-Y Growth
4.5.2 Electrical Quantity Transducer Market Absolute $ Opportunity
Chapter 5 Global Electrical Quantity Transducer 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 Electrical Quantity Transducer Market Size Forecast by Type
5.2.1 Analog Type
5.2.2 Digital Type
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Electrical Quantity Transducer 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 Electrical Quantity Transducer Market Size Forecast by Applications
6.2.1 Oil Industry
6.2.2 Power Industry
6.2.3 Railway Industry
6.2.4 Municipal Industry
6.2.5 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Electrical Quantity Transducer 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 Electrical Quantity Transducer 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 Electrical Quantity Transducer Analysis and Forecast
9.1 Introduction
9.2 North America Electrical Quantity Transducer 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 Electrical Quantity Transducer Market Size Forecast by Type
9.6.1 Analog Type
9.6.2 Digital Type
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 Electrical Quantity Transducer Market Size Forecast by Applications
9.10.1 Oil Industry
9.10.2 Power Industry
9.10.3 Railway Industry
9.10.4 Municipal Industry
9.10.5 Others
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 Electrical Quantity Transducer Analysis and Forecast
10.1 Introduction
10.2 Europe Electrical Quantity Transducer 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 Electrical Quantity Transducer Market Size Forecast by Type
10.6.1 Analog Type
10.6.2 Digital Type
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 Electrical Quantity Transducer Market Size Forecast by Applications
10.10.1 Oil Industry
10.10.2 Power Industry
10.10.3 Railway Industry
10.10.4 Municipal Industry
10.10.5 Others
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 Electrical Quantity Transducer Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Electrical Quantity Transducer 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 Electrical Quantity Transducer Market Size Forecast by Type
11.6.1 Analog Type
11.6.2 Digital Type
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 Electrical Quantity Transducer Market Size Forecast by Applications
11.10.1 Oil Industry
11.10.2 Power Industry
11.10.3 Railway Industry
11.10.4 Municipal Industry
11.10.5 Others
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 Electrical Quantity Transducer Analysis and Forecast
12.1 Introduction
12.2 Latin America Electrical Quantity Transducer 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 Electrical Quantity Transducer Market Size Forecast by Type
12.6.1 Analog Type
12.6.2 Digital Type
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 Electrical Quantity Transducer Market Size Forecast by Applications
12.10.1 Oil Industry
12.10.2 Power Industry
12.10.3 Railway Industry
12.10.4 Municipal Industry
12.10.5 Others
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) Electrical Quantity Transducer Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Electrical Quantity Transducer 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) Electrical Quantity Transducer Market Size Forecast by Type
13.6.1 Analog Type
13.6.2 Digital Type
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) Electrical Quantity Transducer Market Size Forecast by Applications
13.10.1 Oil Industry
13.10.2 Power Industry
13.10.3 Railway Industry
13.10.4 Municipal Industry
13.10.5 Others
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 Electrical Quantity Transducer Market: Competitive Dashboard
14.2 Global Electrical Quantity Transducer Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Yokogawa
14.3.2 NK Technologies
14.3.3 CR Magnetics
14.3.4 Knick USA
14.3.5 Sentran
14.3.6 GMC
14.3.7 MEGACON
14.3.8 DEIF
14.3.9 Siemens
14.3.10 DAIICHI
14.3.11 Yokogawa
14.3.12 Magnelab
14.3.13 FLEX-CORE
14.3.14 Eltime
14.3.15 LUMEL S.A.
14.3.16 Zhejiang Harnpu
14.3.17 Csec
14.3.18 MAXONIC
14.3.19 Artel
14.3.20 Qingzhi
14.3.21 SSET
14.3.22 Shanghai Chenzhu
14.3.23 YUEQING CITY HAIXIN
14.3.24 Yinhe
