AC Power Transducers Market overview:
An AC power transducer is an appliance that transforms one form of energy into another. It converts the measured current value into an industrial standard signal. Also, high precision guaranteed by the absence of thermal drift, low power consumption, and easy scale configuration using DIP switches are features driving the AC power transducers market.
The type segment is divided into single phase, dual phase, and multi-phase. The single phase type is showing significant growth in the AC power transducer market due to its increasing usage in commercial and other sectors.
The market is projected to grow at a significant pace reaching a CAGR of approximately XX %, over the forecast period of 2022–2028, despite a considerable fall in product sales during the initial phase of pandemic spread and lockdown restrictions imposed globally.
By region, Asia Pacific held a significant share in the AC power transducer market due to rising energy consumption and ongoing efforts to generate more renewable energy. For environmental reasons, price stability, and supply chain considerations, the solar, wind, biopower, and hydropower projects are preferred in Asia Pacific countries such as India, China, and Australia. These factors are expected to drive the region's transducer market in the forecast period.
The study is consolidated into major segments and further into sub-segments, such as by Type (Single Phase, Dual Phase, Multi-Phase), by Application (Industrial Use, Commercial Use, Others), to forecast the AC power transducer market size by value; also includes the analysis of past market dynamics from 2016 – 2021, considering 2021 as the base year.
Lastly, the report includes a regional analysis and country analysis with the latest trends, along with the major key players including NK Technology, Meco Instruments, CR Magnetics, Eltime Controls, Ohio Semitronics.