Voltage Transducer Market Analysis

Product (AC, DC)

In voltage transducer market, AC segment is poised to capture around 60% share by the end of 2036. The segment growth can be attributed to the growing investment in smart grids. Alternating current (AC) voltage signals may be precisely and measurably converted into output data using AC voltage transducers. In situations where AC power system control and monitoring are crucial, these transducers are indispensable. For instance, considering the Europe region, the "Digitalization of the Energy System" EU action plan was introduced by the European Commission in 2022. By 2030, it intends to have invested over USD 632 billion in the European power grid, of which about USD 183 billion will be allocated to digitalization projects like smart meters, automated grid management, digital metering technology, and enhanced field operations.

Additionally, AC Voltage transducers have a positive impact on energy efficiency in several applications. The market finds a growing niche as energy efficiency standards become more severe. This is since sophisticated transducers are required to meet these needs and reduce energy usage.

End User (Railway, Industrial Machinery, Power Plants, Electrical Vehicles)

In voltage transducer market, industrial machinery segment is estimated to hold over 40% revenue share by the end of 2036. Rising trend of Industry 4.0 is dominating the growth of the segment. Moreover, in industrial machinery, predictive and preventive maintenance techniques are becoming more and more important. As a component of condition monitoring systems, voltage transducers are used to identify anomalous voltage levels, variations, or oscillations that can point to possible equipment problems. Proactive maintenance is made possible by this, which lowers downtime and raises overall equipment effectiveness (OEE). Hence, with the rise in this segment, the voltage transducer market is expected to experience a boost.

Our in-depth analysis of the voltage transducer market includes the following segments:

Product

Application

Invertor & Convertor
UPS & SMPS
Battery Management
Motor Drive

End User

Railway
Industrial Machinery
Power Plants
Electrical Vehicles

Frequently Asked Questions (FAQ)

In the year 2023, the industry size of voltage transducer was over USD 2 billion.

The market size for voltage transducer is projected to cross USD 5 billion by the end of 2036 expanding at a CAGR of 6% during the forecast period i.e., between 2024-2036.

The major players in the market are Texas Instruments Incorporated, Schneider Electric, Phoenix Contact, Analog Devices Inc., CR Magnetics, NK Technologies, Carlo Gavazzi Holding AG, Honeywell International Inc., Rockwell Automation, DNV, and others.

The AC segment is slated to gain the largest market share of about 60% in the year 2036. The segment growth can be attributed to the growing investment in smart grids.

Voltage Transducer market in the Asia Pacific region, amongst the market in all the other regions, is predicted to hold the largest with a share of about 35% by the end of 2036.

Voltage Transducer Market Analysis