AC Power Transducers Market Insights
AC Power Transducers Market Size, Share & Trends Analysis Report By Type (Single Phase, Dual Phase, Multi-Phase), By Application (Industrial Use, Commercial Use, Others), and Region, By End-use, And Segment Forecast Period-2022 – 2028.
AC power transducers serve as devices for converting electrical signals between alternating current and direct current. The output signal is converted into an analog or digital signal, which can be then read by a system controller.
AC Power Transducers Market Dynamics
Consumer interest in EVs, along with the use of AC power transducers to operate them, has been driving the growth of AC power transducers market.
Factors such as skin effect and corona loss are responsible to restrain the growth of the ac power transducer market.
Industries investing to achieve more efficient AC power transducers with features such as lightweight, high power, and others for working in harsh environments and temperatures. Thus, providing opportunities for the expansion of the AC power transducers market.
COVID-19 Analysis of AC Power Transducers Market
The AC power transducers market has been severely impacted since the COVID-19 epidemic in many different parts of the world. Shipments were impacted during the initial lockdown due to a labor shortage and the closure of a manufacturing facility. The pandemic’s initial effects on China were tremendous. However, the nation’s circumstances have stabilized, and all product and service production rates have increased. As a result, it is determined that COVID-19’s overall impact on the AC power transducers market is severe.
AC Power Transducers Market Report Coverage
|Report Attributes||Report Details|
|Market Size in 2028 (USD Billion)||XX|
|By Type||Single Phase, Dual Phase, Multi-Phase|
|By Application||Industrial Use, Commercial Use, Others|
|By geography||North America: U.S., Canada, Mexico|
Europe: Germany, France, U.K., Russia, Italy, Spain, BENELUX, Rest of Europe
Asia Pacific: China, Japan, India, South Korea, Australia, ASEAN, Rest of Asia Pacific
Latin America: Brazil, Argentina, Chile, Rest of Latin America
The Middle East and Africa: GCC, Turkey, Israel, Rest of MEA
AC Power Transducers Market Segment Analysis:
The type segment is divided into single phase, dual phase, and multi-phase. The multi-phase type is expected to dominate the type segment in the AC power transducers market. The domination is due to certain advantages such as simplifying the insulation system, transmission with fewer losses, and others.
The application segment is divided into industrial use, commercial use, and others. Industrial use is dominating the application segment of the AC power transducers market. Increased industrial applications of AC power transducers such as measuring the voltage and current of single, dual, and multi-phase AC sources are driving the segment’s growth.
The region segment is divided into Asia Pacific, Europe, North America, Middle East and Africa, and Latin America. North America is expected to dominate the AC power transducer market. The growth is attributed to the North American countries such as Canada, the US, and Mexico for focusing on the industrial sector for automation. Moreover, the increasing regional demand for power transducer units in end-user industries such as energy & utilities, automotive, and others are driving the AC power transducers market growth.
AC Power Transducers Market Competitive Landscape
The competitive landscape of the market has been analyzed in the report, along with the detailed profiles of the major players operating in the industry. Further, a surge in Research and Development (R&D), product innovation, and various business strategies have accelerated the growth of the market. Some of these players in AC power transducers market are as follows.
- NK Technology
- Meco Instruments
- CR Magnetics
- Eltime Controls
- Ohio Semitronics
Table of Content
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