Current Transducer Market Outlook:
Current Transducer Market size was valued at USD 771.88 million in 2025 and is likely to cross USD 1.16 billion by 2035, registering more than 4.2% CAGR during the forecast period i.e., between 2026-2035. In the year 2026, the industry size of current transducer is assessed at USD 801.06 million.
It's thought that the increased need for current transducers that enable precise energy monitoring and optimization is being driven by the world's expanding power consumption.
These transducers help identify inefficiencies in energy use and help implement strategies to reduce costs and consumption.
According to the International Energy Agency, the effects of the COVID-19 epidemic caused the worldwide power demand to decline by almost 1% in 2020; however, the global economic recovery propelled the growth of nearly 5% in 2021 and 4% in 2022.
