DC Voltage Transducers Market overview:
DC voltage transducers are used to measure the magnitude and polarity of direct current (DC) signals. A battery generates DC power and operates most of the household electronics such as cell phones, media players, laptops, and others.
Industrial and commercial are the two sub-segments of the application segment in the DC voltage transducers market. Industrial application is expected to grab significant market attraction during the forecast period. The factors contributing to the growth of the market are the demand for electrical systems in the automotive industry, and other end-user industries. Further, power supply under sensing applications is expected to strengthen the growth of the market.
The regional segment is divided into North America, Europe, Asia Pacific, Middle East, and Africa. North America is projected to grow at a considerable market share in 2022 in the DC voltage transducers market. The factors contributing to the growth of the market are the adoption of electric vehicles in the region due to increasing fuel prices.
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 Service Operator sales during the initial phase of pandemic spread and lockdown restrictions imposed globally.
The study is consolidated into major segments and further into sub-segments, such as by Type (Single Function, Multi-Function), By Application (Industrial Use, Commercial Use), to forecast the 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 Technologies, Ohio Semitronics, Eltime Controls, AMETEK, Tsuruga Electric.
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