Linear Variable Differential Transformers (LVDT) are non-contact, absolute position sensors. They include a transformer housed into a metal case and a ferromagnetic core which can be attached to an extension rod. The core slides inside the spool tube (also called boreliner) of the transformer. The transformer contains the coil assembly with primary and secondary windings and, in the case of DC LVDTs, the signal conditioning electronics as well.
The global market for LVDT Transducers is expected to reach about 1032.49 Million USD by 2022 from 652.88 Million USD in 2017, registering a Compounded Annual Growth Rate (CAGR) of 5.90% during the analysis period, 2017-2025. As the downstream consumption usually follows with developed and rapid economic growth areas, such as BRICS, the developed areas’ company prefers investing to underdevelopment regions these years.
The key players are TE Connectivity, Honeywell, Sensata Technologies (Kavlico), AMETEK, Curtiss-Wright, Micro-Epsilon, Meggitt (Sensorex), Hoffmann + Krippner (Inelta), G.W. Lisk Company, OMEGA (Spectris), Sensonics, Monitran,, WayCon Positionsmesstechnik, Active Sensors, LORD Corporation and so on.
The LVDT Transducers market is characterized by the presence of many vendors. These vendors are increasingly competing against each other based on factors such as access to raw materials, economies of scales, product innovations, and ability to recycle as the cost of raw materials is very high. Vendors in LVDT Transducers market are focusing on gaining faster access to the raw materials and lowering the manufacturing costs of LVDT Transducers. They are also focusing on customization of products as per end-user industries.
By product, the global LVDT transducer market is segmented into AC LVDT and DC LVDT transducer which are widely used for Military/Aerospace, Power generation, Petrochemical, Automotive Industry. Of these, AC LVDT transducer accounts for majority 38.75% market share of global revenue and DC LVDT accounts for majority 61.25% market share of global revenue in 2017.
The market is growing at a very rapid pace and with rise in technological innovation, competition and M&A activities in the industry many local and regional vendors are offering specific application products for varied end-users. The new manufacturer entrants in the market are finding it hard to compete with the international vendors based on quality, reliability, and innovations in technology.