About Power Transducer
Power Transducer are referred as electronic based payment or internet that stores both financial value as well as personal identity related information in a computer or mobile. Digital Wallets market has high growth prospects due to demand of security by encrypting personal information for the real transactions. and 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.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
High Growth Market | Europe |
Unit | Value (USD Million) |
Competition among existing players is due to the Power Transducer market share occupied by leading players. The industry leader is engaged in offering innovative and superior quality products to cater to the ever-growing demand for Power Transducer market. The companies are implementing strategic activities such as acquisitions and mergers along with collaboration with companies in other industries to aid them in improving sustenance and maintaining their competitive advantage. Analyst at AMA Research estimates that United States Manufacturers will contribute the maximum growth to Global Power Transducer market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
LEM (Switzerland), CR Magnetic (United States), NK Technologies (United States), Veris Industries (United States), Phoenix Contact (United States), Yokogawa (Japan), CR Magnetics (United States), Knick (United States), MEGACON (United States) and DEIF (Denmark) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are Siemens (United States), DAIICHI (Japan), OMEGA ENGINEERING (United States) and Others.
Segmentation Overview
AMA Research has segmented the market of Global Power Transducer market by Type (AC and DC), Application (Motor Drive, Battery Management, UPS & SMPS and Converter & Inverter) and Region.
On the basis of geography, the market of Power Transducer has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2023. Asia Pacific, on the other hand, stood as the second largest market due to the presence of key companies in the region and high technological advancement.
Market Growth Drivers:
Consumer Preference towards Digitalization and Urbanization.
Challenges:
Fluctuation Of Raw Materials Is Anticipated To Challenge The Market.
Restraints:
Lack of Awareness among Customers and High Cost Associated With Power Transducer
Opportunities:
Increasing Demand at Developing Countries. and Rising demand of Construction industry.
Market Leaders and their expansionary development strategies
In August 2023 Advanced Energy Industries, Inc. a global leader in highly engineered, precision power conversion, measurement and control solutions announced two new high-performance, high-accuracy technologies for RF power sensor calibration. The TEGAM 2818A is a 9 kHz to 18 GHz power transfer standard, while the TEGAM PMX18-CS is a turnkey 9 kHz to 18 GHz system that significantly simplifies and accelerates power sensor calibration.
In Feburary 2023, Danisense, a maker of high-accuracy current sense transducers for demanding applications, has released its latest current transducer mainly aimed for automotive (EV) test benches and battery testing & evaluation systems. Featuring a very large aperture of 41.2mm, the DN1000ID current transducer enables power cables with large power connectors to be easily fitted to EV test benches allowing for quick changeovers.
Key Target Audience
Manufacturers Suppliers and Distributors, Venture Capitalists and Private Equity Firms, New Entrants/Investors, Strategic Business Planners, Government Regulatory, Research Organizations, End-Use Industries and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.