The Business Research Company’s Voltage Transducer Global Market Report 2023is the most detailed report available on the market, including broad forecast periods and multiple geographies. The reportcovers the historic period – 2010-2021, and the forecast period – 2024-2033. The Voltage Transducer Global Market Report 2023evaluates voltage transducer market size, growth rate, drivers, trends, and major companies.
The report provides a global perspective by covering 60 geographies and focusing on major economies in each region – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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The global voltage transducer market is expected to grow from$2.29 billion in 2024 to $2.44 billion in 2024 at a compound annual growth rate (CAGR) of 6.8%. The growth in the historic period can be attributed to growing need for industrial automation, increasing energy management, increasing smart grid development, rise in telecommunications.The voltage transducer market size is expected to see strong growth in the next few years. It will grow to $3.08 billion in 2028 at a compound annual growth rate (CAGR) of 6.0%.
The rise in electric vehicle adoption is expected to propel the growth of the voltage transducers market going forward. Electric vehicles are automobiles that consist of a motor that is powered by electricity stored in batteries. It operates on electric motors and charges its batteries with electricity rather. Voltage transducers are critical components that track and modify voltage levels at charging stations, ensuring the charging process remains safe and efficient by avoiding voltage fluctuations and potential grid damage. For instance, in May 2022, according to the International Energy Agency, a France-based independent intergovernmental organization, electric vehicle (EV) sales had nearly doubled from the previous year in 2021, reaching a new high of 10.2 million units in the year 2022. Additionally, the sales of electric car vehicles worldwide in 2023 are expected to be 14 million units representing a growth rate of 35%. Therefore, the rise in electric vehicle adoption will drive the voltage transducer market.
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The voltage transducer market segments in the report are:
1) By Type: Alternating Current (AC), Direct Current (DC)
2) By Application: Railway Applications, Solar Panels, Multi-Parameter, Power Plants, Industrial Machinery, Electric Vehicles, Data Centers
3) By End-User: Transportation, Energy And Utilities, Manufacturing, IT And Telecommunication
The table of contents in TBRC’s voltage transducer market report includes:
1. Executive Summary
2. Voltage Transducer Market Characteristics
3. Voltage Transducer Market Trends And Strategies
4. Voltage Transducer Market – Macro Economic Scenario
5. Impact Of High Inflation On Market
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32. Global Voltage Transducer Market Competitive Benchmarking
33. Global Voltage Transducer Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Voltage Transducer Market
35. Voltage Transducer Market Future Outlook and Potential Analysis
36. Appendix
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