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Global Current Sensor Market by Current Sensing Methods (Direct, Indirect), Loop Type (Closed Loop, Open Loop), Technology (Isolated, Non-Isolated), Output Type (Analog, Digital), End User (Automotive, Industrial) and Region - Forecast to 2028

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    Report

  • 241 Pages
  • October 2023
  • Region: Global
  • Markets and Markets
  • ID: 5357412
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Increase in Manufacturing of Hybrid & Electric Cars Presents Lucrative Opportunities for Market Players

The global current sensor market was valued at USD 2.8 billion in 2023 and is projected to reach USD 4.7 billion by 2028, growing at a CAGR of 10.4% during the forecast period from 2023 to 2028. The growing use of battery-powered systems and increasing focus on renewable energy acts as a driver whereas deployment of IoT and IIoT with current sensors, increase in manufacturing of hybrid and electric cars, and miniaturization of current sensors provide lucrative opportunities to the current sensor market.

Direct current sensing segment of the current sensing methods market holds the largest market share during the forecast period

The market for the direct current sensing segment holds the largest market share and is expected to retain its position, growing at a higher growth rate during the forecast period. Direct current sensing methods are simpler, dependable, and more accurate. The increasing demand for battery-powered devices, low-power applications, and the growing popularity of renewable energy technologies are driving the growth of the direct current sensing market.

Closed-loop current sensors segment is expected to hold the largest market share during the forecast period

The closed-loop current sensors segment holds a larger market share as they are widely used to provide an output proportional to the measured current. They are used in some of the potential applications such as variable speed drives, ground fault detectors, robotics, and power supplies with fast response, high linearity, and low-temperature drift. However, the market for these sensors is projected to grow at a slower rate during the forecast period than open-loop current sensors. Open-loop current sensors have a significant price advantage over closed-loop sensors. They are ideal for use in battery-powered circuits due to their compact size and lower power consumption feature. Besides, open-loop sensors provide the best cost advantage in the high current ranges (over 100 A). They maintain constant power consumption, no matter the sensed current.

Germany in Europe is expected to hold the largest market share during the forecast period

Germany held the largest share in the current sensor market in the European region and is expected to retain its position during the forecast period from 2023 to 2028. Germany is home to several leading current sensor manufacturers, such as Infineon Technologies AG, VACUUMSCHMELZE GmbH & Co. KG, and TE Connectivity. These companies invest heavily in research and development, and they offer a wide range of current sensors to meet the needs of different applications. German automotive industry is a major driver of demand for current sensors. Germany is home to some of the world's leading automakers, such as Volkswagen, BMW, and Mercedes-Benz. These companies use current sensors in a variety of applications, such as engine management, power steering, and braking systems.

Breakup of Primary Interviews

In determining and verifying the market size for several segments and subsegments gathered through secondary research, extensive primary interviews have been conducted with key officials in the current sensor market. Following is the breakup of the profiles of the primary participants for the report.

  • By Company Type: Tier 1 - 40 %, Tier 2 - 40%, and Tier 3 - 20%
  • By Designation: C-Level Executives - 40%, Directors - 40%, and Others - 20%
  • By Region: North America - 40%, Europe - 20%, Asia-Pacific - 30%, and RoW - 10%

The report profiles key current sensor players and analyzes their market shares. Players profiled in this report are Asahi Kasei Corporation (Japan), Infineon Technologies AG (Germany), Allegro MicroSystems, Inc. (US), LEM International SA (Switzerland), Melexis (Belgium), TDK Corporation (Japan), Aceinna (US), Honeywell International Inc. (US), TAMURA Corporation (Japan), Texas Instruments Incorporated (US), Silicon Laboratories (US), Ningbo Xici Electronic Technology Co., Ltd. (China), KOHSHIN ELECTRIC CORPORATION (Japan), Yageo Group (Taiwan), etc.

Research Coverage

The report defines, describes, and forecasts the current sensor market based on current sensing methods, loop type, technology, output type, end-user, and region. It provides detailed information regarding drivers, restraints, opportunities, and challenges influencing the growth of the current sensor market. It also analyzes competitive developments such as product launches, acquisitions, expansions, contracts, partnerships, and actions conducted by the key players to grow in the market.

Reasons to Buy This Report

The report will help the market leaders/new entrants with information on the closest approximations of the revenue numbers for the overall current sensor market and the subsegments. This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and plan suitable go-to-market strategies. The report also helps stakeholders understand the market pulse and provides information on key market drivers, restraints, challenges, and opportunities.

The report provides insights on the following pointers:

  • Analysis of key drivers (Growing use of battery-powered systems and increasing focus on renewable energy, high adoption of Hall-effect current sensors, and increasing demand in consumer electronics industry), restraints (Intense pricing pressure resulting in decline in average selling price (ASPs)), opportunities (Deployment of IoT and IIoT with current sensors, increase in manufacturing of hybrid and electric cars, and miniaturization of current sensors), and challenges (Accuracy over different temperature ranges, and need for product differentiation and development of innovative solutions) influencing the growth of the current sensor market.
  • Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product & service launches in the current sensor market.
  • Market Development: Comprehensive information about lucrative markets - the report analyses the current sensor market across varied regions.
  • Market Diversification: Exhaustive information about new products & services, untapped geographies, recent developments, and investments in the current sensor market.
  • Competitive Assessment: In-depth assessment of market shares, growth strategies, and service offerings of leading players like Asahi Kasei Corporation (Japan), Infineon Technologies AG (Germany), Allegro MicroSystems, Inc. (US), LEM International SA (Switzerland), Melexis (Belgium), TDK Corporation (Japan), Aceinna (US), Honeywell International Inc. (US), TAMURA Corporation (Japan), Texas Instruments Incorporated (US), Silicon Laboratories (US), and Ningbo Xici Electronic Technology Co., Ltd. (China), among others in the current sensor market strategies.
  • The report also helps stakeholders understand the pulse of the current sensor market and provides them with information on key market drivers, restraints, challenges, and opportunities.

Table of Contents

1 Introduction
1.1 Study Objectives
1.2 Market Definition
1.3 Study Scope
1.3.1 Markets Covered
Figure 1 Current Sensor Market Segmentation
1.3.2 Regional Scope
1.3.3 Years Considered
1.4 Currency Considered
1.5 Units Considered
1.6 Stakeholders
1.7 Summary of Changes
1.7.1 Impact of Recession
2 Research Methodology
2.1 Research Data
Figure 2 Current Sensor Market: Research Design
2.1.1 Secondary Data
2.1.1.1 Major Secondary Sources
2.1.1.2 Key Data from Secondary Sources
2.1.2 Primary Data
2.1.2.1 Primary Interviews with Experts
2.1.2.2 Key Data from Primary Sources
2.1.2.3 Key Industry Insights
2.1.2.4 Breakdown of Primaries
2.1.3 Secondary and Primary Research
2.2 Market Size Estimation
Figure 3 Research Flow of Market Size Estimation
2.2.1 Bottom-Up Approach
Figure 4 Market Size Estimation Methodology: Approach 1 - Bottom-Up (Demand Side) - Demand for Current Sensors
2.2.1.1 Approach to Estimate Market Size by Bottom-Up Analysis (Demand Side)
Figure 5 Market Size Estimation Methodology: Bottom-Up Approach
2.2.2 Top-Down Approach
2.2.2.1 Approach to Estimate Market Size by Top-Down Analysis (Supply Side)
Figure 6 Market Size Estimation Methodology: Top-Down Approach
Figure 7 Market Size Estimation Methodology: Approach 2 (Supply Side) - Revenue Generated Through Sales of Current Sensors
2.3 Market Breakdown and Data Triangulation
Figure 8 Data Triangulation
2.4 Research Assumptions
2.5 Risk Assessment
2.6 Parameters Considered to Analyze Recession Impact on Current Sensor Market
2.7 Limitations
3 Executive Summary
Figure 9 Open Loop Segment to Record Higher CAGR During Forecast Period
Figure 10 Direct Current Sensing Segment to Register Higher CAGR During Forecast Period
Figure 11 Isolated Segment to Register Higher CAGR During Forecast Period
Figure 12 Analog Segment to Account for Larger Market Share During Forecast Period
Figure 13 Consumer Electronics Segment to Exhibit Highest CAGR During Forecast Period
Figure 14 Asia-Pacific Accounted for Largest Share of Current Sensor Market in 2022
4 Premium Insights
4.1 Attractive Opportunities for Players in Current Sensor Market
Figure 15 Growing Demand for Electric and Hybrid Vehicles to Drive Market
4.2 Current Sensor Market, by Output Type
Figure 16 Digital Segment to Account for Larger Market Share During Forecast Period
4.3 Current Sensor Market, by Loop Type
Figure 17 Closed Loop Segment to Hold Larger Market Share by 2028
4.4 Asia-Pacific: Current Sensor Market, by End-user and Country
Figure 18 Automotive End-user Segment and China to Account for Largest Shares of Current Sensor Market in Asia-Pacific in 2023
4.5 Current Sensor Market, by End-user
Figure 19 Automotive Segment to Capture Largest Market Share During Forecast Period
4.6 Current Sensor Market, by Country
Figure 20 China to be Fastest-Growing Current Sensor Market During Forecast Period
5 Market Overview
5.1 Introduction
5.2 Market Dynamics
Figure 21 Current Sensor Market: Drivers, Restraints, Opportunities, and Challenges
5.2.1 Drivers
5.2.1.1 Growing Use of Battery-Powered Systems and Increasing Focus on Renewable Energy
5.2.1.2 High Adoption of Hall-Effect Current Sensors
5.2.1.3 Increasing Demand from Consumer Electronics Industry
5.2.2 Restraints
5.2.2.1 Intense Pricing Pressure Resulting in Decline in Average Selling Price (ASP)
5.2.3 Opportunities
5.2.3.1 Increase in Number of Networked Devices
5.2.3.2 Increase in Manufacturing of Hybrid and Electric Cars
5.2.3.3 Miniaturization of Current Sensors
5.2.4 Challenges
5.2.4.1 Fluctuations in Accuracy of Current Sensors Over Varying Temperature Ranges
5.2.4.2 Need for Product Differentiation and Development of Innovative Solutions
5.3 Trends/Disruptions Impacting Customer Business
Figure 22 Revenue Shifts and New Revenue Pockets for Current Sensor Manufacturers
5.4 Pricing Analysis
5.4.1 Average Selling Price Trend
Table 1 Pricing and Specification of Current Sensors, by Company
Table 2 Average Selling Price of Current Sensors, by Type
5.5 Value Chain Analysis
Figure 23 Current Sensor Market: Value Chain Analysis
5.6 Ecosystem Mapping
Figure 24 Current Sensor Ecosystem
5.7 Technology Analysis
5.7.1 Key Technologies
5.7.1.1 Microelectromechanical System (Mems)-based Current Sensors
5.7.2 Complementary Technologies
5.7.2.1 3D Magnetic Sensing Technology
5.7.3 Adjacent Technologies
5.7.3.1 Microprocessor-based Current Sensors
5.7.3.2 Current Relays
5.8 Patent Analysis
Figure 25 Top 10 Companies with Highest Number of Patent Applications in Last 10 Years
Table 3 Top 20 Patent Owners in US in Last 10 Years
Figure 26 Number of Patents Granted Per Year from 2012 to 2022
5.8.1 List of Major Patents
Table 4 List of Major Patents in Current Sensor Market
5.9 Trade and Tariff Analysis
5.9.1 Trade Analysis
5.9.1.1 Trade Data for HS Code 8504
Figure 27 Import Data for Products Covered Under HS Code 8504, by Country, 2018-2022 (USD Thousand)
Figure 28 Export Data for Products Covered Under HS Code 8504, by Country, 2018-2022 (USD Thousand)
5.9.2 Tariff Analysis
Table 5 MFN Tariffs for HS Code 8504-Compliant Products Exported by China
Table 6 MFN Tariffs for HS Code 8504-Compliant Products Exported by Germany
Table 7 MFN Tariffs for HS Code 8504-Compliant Products Exported by Hong Kong
5.10 Key Conferences and Events, 2023-2024
Table 8 Current Sensor Market: Detailed List of Conferences and Events
5.11 Regulatory Landscape
5.11.1 Standards
5.11.1.1 IEEE 1451 Smart Transducer Interface Standard for Sensors and Actuators
5.11.1.2 IEEE C37.118 Sensor Requirements of Smart Grids
5.11.1.3 International Electrotechnical Commission (IEC)
5.11.1.4 IEC 60364-4-43: Low-Voltage Electrical Installations - Protection for Safety - Protection Against Overcurrent
5.11.1.5 IEC 60269
5.11.1.6 Atmosphere Explosible (ATEX)
5.11.1.7 Edison Testing Laboratories (ETL)
5.11.2 Regulations
5.12 Porter's Five Forces Analysis
Table 9 Impact of Porter's Five Forces on Current Sensor Market
Figure 29 Current Sensor Market: Porter's Five Forces Analysis
5.12.1 Intensity of Competitive Rivalry
5.12.2 Bargaining Power of Suppliers
5.12.3 Bargaining Power of Buyers
5.12.4 Threat of Substitutes
5.12.5 Threat of New Entrants
5.13 Key Stakeholders and Buying Criteria
5.13.1 Key Stakeholders in Buying Process
Figure 30 Influence of Stakeholders on Buying Process for Top Three End-users
Table 10 Influence of Stakeholders on Buying Process for Top Three End-users
5.13.2 Buying Criteria
Figure 31 Key Buying Criteria for Top Three End-users
Table 11 Key Buying Criteria, by Top Three End-user
6 Current Sensor Market, by Current Sensing Method
6.1 Introduction
Figure 32 Current Sensor Market, by Current Sensing Method
Figure 33 Direct Current Sensing Segment to Exhibit Higher CAGR During Forecast Period
Table 12 Current Sensor Market, by Current Sensing Method, 2019-2022 (USD Million)
Table 13 Current Sensor Market, by Current Sensing Method, 2023-2028 (USD Million)
6.2 Direct Current Sensing
6.2.1 High Efficiency in Low-Power Applications to Drive Demand for Direct Current Sensing
6.3 Indirect Current Sensing
6.3.1 Higher Accuracy and Precision Than Direct Methods to Fuel Demand for Indirect Current Sensing
7 Current Sensor Market, by Loop Type
7.1 Introduction
Figure 34 Current Sensor Market, by Loop Type
Figure 35 Open Loop Segment to Exhibit Higher CAGR During Forecast Period
Table 14 Current Sensor Market, by Loop Type, 2019-2022 (USD Million)
Table 15 Current Sensor Market, by Loop Type, 2023-2028 (USD Million)
Table 16 Current Sensor Market, by Loop Type, 2019-2022 (Million Units)
Table 17 Current Sensor Market, by Loop Type, 2023-2028 (Million Units)
7.2 Open Loop
7.2.1 High Adoption of Open-Loop Current Sensors in Consumer Electronics Industry to Fuel Market Growth
7.3 Closed Loop
7.3.1 Growing Use of Closed-Loop Current Sensors in Industrial Sector to Boost Market Growth
8 Current Sensor Market, by Technology
8.1 Introduction
Figure 36 Current Sensor Market, by Technology
Figure 37 Isolated Segment to Exhibit Higher CAGR During Forecast Period
Table 18 Current Sensor Market, by Technology, 2019-2022 (USD Million)
Table 19 Current Sensor Market, by Technology, 2023-2028 (USD Million)
8.2 Isolated
Table 20 Isolated Current Sensor Market, by Technology, 2019-2022 (USD Million)
Table 21 Isolated Current Sensor Market, by Technology, 2023-2028 (USD Million)
8.2.1 Magnetic Current Sensors
Table 22 Magnetic Current Sensor Market, by Type, 2019-2022 (USD Million)
Table 23 Magnetic Current Sensor Market, by Type, 2023-2028 (USD Million)
Table 24 Hall-Effect Current Sensor Market, by Type, 2019-2022 (USD Million)
Table 25 Hall-Effect Current Sensor Market, by Type, 2023-2028 (USD Million)
8.2.1.1 Hall-Effect Current Sensors
8.2.1.1.1 Suitable for Automobile Applications
Table 26 Characteristics of Magnetoresistive Current Sensor Technologies
8.2.1.2 Anisotropic Magnetoresistive (AMR) Current Sensors
8.2.1.2.1 Ideal for Controlling and Protecting Power Supply
8.2.1.3 Giant Magnetoresistive (GMR) Current Sensors
8.2.1.3.1 Used in Automobile Electrical Equipment Applications
8.2.1.4 Tunneling Magnetoresistive (TMR) Current Sensors
8.2.1.4.1 Used to Sense Magnetic Field Strength to Measure Current, Position, Motion, and Direction
8.2.1.5 Fluxgate Current Sensors
8.2.1.5.1 Extensively Used in Electronics Applications
8.2.2 Opto-Isolated Op Amp
8.2.2.1 Operational Amplifiers Ideal Choice for DC Amplification
8.2.3 Shunt-Isolated Op Amp
8.2.3.1 Isolation Amplifiers Make for Higher-Performing, Single-Chip Alternative to Isolation Techniques Based on Shunt Regulators
8.3 Non-Isolated
Table 27 Non-Isolated Current Sensor Market, by Technology, 2019-2022 (USD Million)
Table 28 Non-Isolated Current Sensor Market, by Technology, 2023-2028 (USD Million)
8.3.1 Current-Sensing Amplifiers
8.3.1.1 Make for Ideal Non-Isolated Current Technology
8.3.2 Analog-To-Digital Converter
8.3.2.1 Emerging Non-Isolated Technology for Current Measurement
9 Current Sensor Market, by Output Type
9.1 Introduction
Figure 38 Current Sensor Market, by Output Type
Figure 39 Digital Segment to Record Higher CAGR During Forecast Period
Table 29 Current Sensor Market, by Output Type, 2019-2022 (USD Million)
Table 30 Current Sensor Market, by Output Type, 2023-2028 (USD Million)
9.2 Analog
9.2.1 Increasing Demand for Analog AC-DC Output Sensors to Analyze Variations in Current Measurements to Fuel Market Growth
9.3 Digital
9.3.1 Advantages Over Analog Sensors and Suitability for Remote Applications to Fuel Demand for Digital Sensors
10 Current Sensor Market, by End-user
10.1 Introduction
Figure 40 Current Sensor Market, by End-user
Figure 41 Consumer Electronics Segment to Record Higher CAGR During Forecast Period
Table 31 Current Sensor Market, by End-user, 2019-2022 (USD Million)
Table 32 Current Sensor Market, by End-user, 2023-2028 (USD Million)
10.2 Automotive
10.2.1 Accelerating Global Adoption of Electric Vehicles to Boost Demand for Current Sensors
Table 33 Automotive: Current Sensor Market, by Application, 2019-2022 (USD Million)
Table 34 Automotive: Current Sensor Market, by Application, 2023-2028 (USD Million)
Table 35 Automotive: Current Sensor Market, by Region, 2019-2022 (USD Million)
Table 36 Automotive: Current Sensor Market, by Region, 2023-2028 (USD Million)
Table 37 Automotive: Current Sensor Market in North America, by Country, 2019-2022 (USD Million)
Table 38 Automotive: Current Sensor Market in North America, by Country, 2023-2028 (USD Million)
Table 39 Automotive: Current Sensor Market in Europe, by Country, 2019-2022 (USD Million)
Table 40 Automotive: Current Sensor Market in Europe, by Country, 2023-2028 (USD Million)
Table 41 Automotive: Current Sensor Market in Asia-Pacific, by Country, 2019-2022 (USD Million)
Table 42 Automotive: Current Sensor Market in Asia-Pacific, by Country, 2023-2028 (USD Million)
Table 43 Automotive: Current Sensor Market in RoW, by Region, 2019-2022 (USD Million)
Table 44 Automotive: Current Sensor Market in RoW, by Region, 2023-2028 (USD Million)
10.3 Consumer Electronics
10.3.1 Growing Integration of Current Sensors into Consumer Electronics to Drive Market Growth
Table 45 Consumer Electronics: Current Sensor Market, by Application, 2019-2022 (USD Million)
Table 46 Consumer Electronics: Current Sensor Market, by Application, 2023-2028 (USD Million)
Table 47 Consumer Electronics: Current Sensor Market, by Region, 2019-2022 (USD Million)
Table 48 Consumer Electronics: Current Sensor Market, by Region, 2023-2028 (USD Million)
Table 49 Consumer Electronics: Current Sensor Market in North America, by Country, 2019-2022 (USD Million)
Table 50 Consumer Electronics: Current Sensor Market in North America, by Country, 2023-2028 (USD Million)
Table 51 Consumer Electronics: Current Sensor Market in Europe, by Country, 2019-2022 (USD Million)
Table 52 Consumer Electronics: Current Sensor Market in Europe, by Country, 2023-2028 (USD Million)
Table 53 Consumer Electronics: Current Sensor Market in Asia-Pacific, by Country, 2019-2022 (USD Million)
Table 54 Consumer Electronics: Current Sensor Market in Asia-Pacific, by Country, 2023-2028 (USD Million)
Table 55 Consumer Electronics: Current Sensor Market in RoW, by Region, 2019-2022 (USD Million)
Table 56 Consumer Electronics: Current Sensor Market in RoW, by Region, 2023-2028 (USD Million)
10.4 Telecom & Networking
10.4.1 Adoption of IP Capabilities in Telecommunication Devices to Boost Demand for Current Sensors
Table 57 Telecom & Networking: Current Sensor Market, by Application, 2019-2022 (USD Million)
Table 58 Telecom & Networking: Current Sensor Market, by Application, 2023-2028 (USD Million)
Table 59 Telecom & Networking: Current Sensor Market, by Region, 2019-2022 (USD Million)
Table 60 Telecom & Networking: Current Sensor Market, by Region, 2023-2028 (USD Million)
Table 61 Telecom & Networking: Current Sensor Market in North America, by Country, 2019-2022 (USD Million)
Table 62 Telecom & Networking: Current Sensor Market in North America, by Country, 2023-2028 (USD Million)
Table 63 Telecom & Networking: Current Sensor Market in Europe, by Country, 2019-2022 (USD Million)
Table 64 Telecom & Networking: Current Sensor Market in Europe, by Country, 2023-2028 (USD Million)
Table 65 Telecom & Networking: Current Sensor Market in Asia-Pacific, by Country, 2019-2022 (USD Million)
Table 66 Telecom & Networking: Current Sensor Market in Asia-Pacific, by Country, 2023-2028 (USD Million)
Table 67 Telecom & Networking: Current Sensor Market in RoW, by Region, 2019-2022 (USD Million)
Table 68 Telecom & Networking: Current Sensor Market in RoW, by Region, 2023-2028 (USD Million)
10.5 Healthcare
10.5.1 Growing Use of Current Sensors to Monitor Power Consumption in Medical Devices to Boost Market Growth
Table 69 Healthcare: Current Sensor Market, by Application, 2019-2022 (USD Million)
Table 70 Healthcare: Current Sensor Market, by Application, 2023-2028 (USD Million)
Table 71 Healthcare: Current Sensor Market, by Region, 2019-2022 (USD Million)
Table 72 Healthcare: Current Sensor Market, by Region, 2023-2028 (USD Million)
Table 73 Healthcare: Current Sensor Market in North America, by Country, 2019-2022 (USD Thousand)
Table 74 Healthcare: Current Sensor Market in North America, by Country, 2023-2028 (USD Thousand)
Table 75 Healthcare: Current Sensor Market in Europe, by Country, 2019-2022 (USD Million)
Table 76 Healthcare: Current Sensor Market in Europe, by Country, 2023-2028 (USD Million)
Table 77 Healthcare: Current Sensor Market in Asia-Pacific, by Country, 2019-2022 (USD Million)
Table 78 Healthcare: Current Sensor Market in Asia-Pacific, by Country, 2023-2028 (USD Million)
Table 79 Healthcare: Current Sensor Market in RoW, by Region, 2019-2022 (USD Thousand)
Table 80 Healthcare: Current Sensor Market in RoW, by Region, 2023-2028 (USD Thousand)
10.6 Industrial
10.6.1 Industrial Automation to Create Immense Growth Opportunities for Players in Current Sensor Market
Table 81 Industrial: Current Sensor Market, by Application, 2019-2022 (USD Million)
Table 82 Industrial: Current Sensor Market, by Application, 2023-2028 (USD Million)
Table 83 Industrial: Current Sensor Market, by Region, 2019-2022 (USD Million)
Table 84 Industrial: Current Sensor Market, by Region, 2023-2028 (USD Million)
Table 85 Industrial: Current Sensor Market in North America, by Country, 2019-2022 (USD Million)
Table 86 Industrial: Current Sensor Market in North America, by Country, 2023-2028 (USD Million)
Table 87 Industrial: Current Sensor Market in Europe, by Country, 2019-2022 (USD Million)
Table 88 Industrial: Current Sensor Market in Europe, by Country, 2023-2028 (USD Million)
Table 89 Industrial: Current Sensor Market in Asia-Pacific, by Country, 2019-2022 (USD Million)
Table 90 Industrial: Current Sensor Market in Asia-Pacific, by Country, 2023-2028 (USD Million)
Table 91 Industrial: Current Sensor Market in RoW, by Region, 2019-2022 (USD Million)
Table 92 Industrial: Current Sensor Market in RoW, by Region, 2023-2028 (USD Million)
10.7 Energy & Power
10.7.1 Increasing Shift Toward Renewable Energy to Create Opportunities for Market Players
Table 93 Energy & Power: Current Sensor Market, by Application, 2019-2022 (USD Million)
Table 94 Energy & Power: Current Sensor Market, by Application, 2023-2028 (USD Million)
Table 95 Energy & Power: Current Sensor Market, by Region, 2019-2022 (USD Million)
Table 96 Energy & Power: Current Sensor Market, by Region, 2023-2028 (USD Million)
Table 97 Energy & Power: Current Sensor Market in North America, by Country, 2019-2022 (USD Million)
Table 98 Energy & Power: Current Sensor Market in North America, by Country, 2023-2028 (USD Million)
Table 99 Energy & Power: Current Sensor Market in Europe, by Country, 2019-2022 (USD Million)
Table 100 Energy & Power: Current Sensor Market in Europe, by Country, 2023-2028 (USD Million)
Table 101 Energy & Power: Current Sensor Market in Asia-Pacific, by Country, 2019-2022 (USD Million)
Table 102 Energy & Power: Current Sensor Market in Asia-Pacific, by Country, 2023-2028 (USD Million)
Table 103 Energy & Power: Current Sensor Market in RoW, by Region, 2019-2022 (USD Million)
Table 104 Energy & Power: Current Sensor Market in RoW, by Region, 2023-2028 (USD Million)
10.8 Others
Table 105 Others: Current Sensor Market, by Application, 2019-2022 (USD Million)
Table 106 Others: Current Sensor Market, by Application, 2023-2028 (USD Million)
Table 107 Others: Current Sensor Market, by Region, 2019-2022 (USD Million)
Table 108 Others: Current Sensor Market, by Region, 2023-2028 (USD Million)
Table 109 Others: Current Sensor Market in North America, by Country, 2019-2022 (USD Million)
Table 110 Others: Current Sensor Market in North America, by Country, 2023-2028 (USD Million)
Table 111 Others: Current Sensor Market in Europe, by Country, 2019-2022 (USD Million)
Table 112 Others: Current Sensor Market in Europe, by Country, 2023-2028 (USD Million)
Table 113 Others: Current Sensor Market in Asia-Pacific, by Country, 2019-2022 (USD Million)
Table 114 Others: Current Sensor Market in Asia-Pacific, by Country, 2023-2028 (USD Million)
Table 115 Others: Current Sensor Market in RoW, by Region, 2019-2022 (USD Million)
Table 116 Others: Current Sensor Market in RoW, by Region, 2023-2028 (USD Million)
11 Current Sensor Market, by Region
11.1 Introduction
Figure 42 Current Sensor Market, by Region
Figure 43 Asia-Pacific to Dominate Current Sensor Market During Forecast Period
Table 117 Current Sensor Market, by Region, 2019-2022 (USD Million)
Table 118 Current Sensor Market, by Region, 2023-2028 (USD Million)
11.2 North America
Figure 44 North America: Current Sensor Market, by Country
Figure 45 North America: Current Sensor Market Snapshot
Table 119 North America: Current Sensor Market, by End-user, 2019-2022 (USD Million)
Table 120 North America: Current Sensor Market, by End-user, 2023-2028 (USD Million)
Table 121 North America: Current Sensor Market, by Country, 2019-2022 (USD Million)
Table 122 North America: Current Sensor Market, by Country, 2023-2028 (USD Million)
Table 123 US: Current Sensor Market, by End-user, 2019-2022 (USD Million)
Table 124 US: Current Sensor Market, by End-user, 2023-2028 (USD Million)
Table 125 Canada: Current Sensor Market, by End-user, 2019-2022 (USD Million)
Table 126 Canada: Current Sensor Market, by End-user, 2023-2028 (USD Million)
Table 127 Mexico: Current Sensor Market, by End-user, 2019-2022 (USD Million)
Table 128 Mexico: Current Sensor Market, by End-user, 2023-2028 (USD Million)
11.2.1 Impact of Recession on Current Sensor Market in North America
Figure 46 Analysis of Current Sensor Market in North America: Pre- and Post-Recession Scenarios
11.2.2 US
11.2.2.1 US to be Largest Market for Current Sensors in North America During Forecast Period
11.2.3 Canada
11.2.3.1 Increasing Demand from Automotive, Industrial, and Consumer Electronics Segments to Boost Market Growth
11.2.4 Mexico
11.2.4.1 Increasing Industrialization to Drive Market
11.3 Europe
Figure 47 Europe: Current Sensor Market, by Country
Figure 48 Europe: Current Sensor Market Snapshot
Table 129 Europe: Current Sensor Market, by End-user, 2019-2022 (USD Million)
Table 130 Europe: Current Sensor Market, by End-user, 2023-2028 (USD Million)
Table 131 Europe: Current Sensor Market, by Country, 2019-2022 (USD Million)
Table 132 Europe: Current Sensor Market, by Country, 2023-2028 (USD Million)
Table 133 Germany: Current Sensor Market, by End-user, 2019-2022 (USD Million)
Table 134 Germany: Current Sensor Market, by End-user, 2023-2028 (USD Million)
Table 135 UK: Current Sensor Market, by End-user, 2019-2022 (USD Million)
Table 136 UK: Current Sensor Market, by End-user, 2023-2028 (USD Million)
Table 137 France: Current Sensor Market, by End-user, 2019-2022 (USD Million)
Table 138 France: Current Sensor Market, by End-user, 2023-2028 (USD Million)
Table 139 Rest of Europe: Current Sensor Market, by End-user, 2019-2022 (USD Million)
Table 140 Rest of Europe: Current Sensor Market, by End-user, 2023-2028 (USD Million)
11.3.1 Impact of Recession on Current Sensor Market in Europe
Figure 49 Analysis of Current Sensor Market in Europe: Pre- and Post-Recession Scenarios
11.3.2 Germany
11.3.2.1 Germany to Lead Current Sensor Market in Europe During Forecast Period
11.3.3 UK
11.3.3.1 Growing Demand from Automotive and Healthcare Industries to Fuel Market Growth
11.3.4 France
11.3.4.1 Increasing Adoption of Current Sensors in Automotive and Aerospace Industries to Drive Market
11.3.5 Rest of Europe
11.4 Asia-Pacific
Figure 50 Asia-Pacific: Current Sensor Market, by Country
Figure 51 Asia-Pacific: Current Sensor Market Snapshot
Table 141 Asia-Pacific: Current Sensor Market, by End-user, 2019-2022 (USD Million)
Table 142 Asia-Pacific: Current Sensor Market, by End-user, 2023-2028 (USD Million)
Table 143 Asia-Pacific: Current Sensor Market, by Country, 2019-2022 (USD Million)
Table 144 Asia-Pacific: Current Sensor Market, by Country, 2023-2028 (USD Million)
Table 145 China: Current Sensor Market, by End-user, 2019-2022 (USD Million)
Table 146 China: Current Sensor Market, by End-user, 2023-2028 (USD Million)
Table 147 Japan: Current Sensor Market, by End-user, 2019-2022 (USD Million)
Table 148 Japan: Current Sensor Market, by End-user, 2023-2028 (USD Million)
Table 149 India: Current Sensor Market, by End-user, 2019-2022 (USD Million)
Table 150 India: Current Sensor Market, by End-user, 2023-2028 (USD Million)
Table 151 South Korea: Current Sensor Market, by End-user, 2019-2022 (USD Million)
Table 152 South Korea: Current Sensor Market, by End-user, 2023-2028 (USD Million)
Table 153 Rest of Asia-Pacific: Current Sensor Market, by End-user, 2019-2022 (USD Million)
Table 154 Rest of Asia-Pacific: Current Sensor Market, by End-user, 2023-2028 (USD Million)
11.4.1 Impact of Recession on Current Sensor Market in Asia-Pacific
Figure 52 Analysis of Current Sensor Market in Asia-Pacific: Pre- and Post-Recession Scenarios
11.4.2 China
11.4.2.1 Increasing Adoption of Sensors in Various Industries to Foster Market Growth
11.4.3 Japan
11.4.3.1 Demand from Electric and Hybrid Car Manufacturers to Boost Market Growth
11.4.4 India
11.4.4.1 Increasing Manufacturing Activities and Government Initiatives for Industrial Development to Drive Market
11.4.5 South Korea
11.4.5.1 Presence of Consumer Electronics and Automobile Manufacturing Companies to Favor Market Growth
11.4.6 Rest of Asia-Pacific
11.5 Rest of the World (RoW)
Figure 53 RoW: Current Sensor Market, by Region
Table 155 RoW: Current Sensor Market, by End-user, 2019-2022 (USD Million)
Table 156 RoW: Current Sensor Market, by End-user, 2023-2028 (USD Million)
Table 157 RoW: Current Sensor Market, by Region, 2019-2022 (USD Million)
Table 158 RoW: Current Sensor Market, by Region, 2023-2028 (USD Million)
Table 159 Middle East & Africa: Current Sensor Market, by End-user, 2019-2022 (USD Million)
Table 160 Middle East & Africa: Current Sensor Market, by End-user, 2023-2028 (USD Million)
Table 161 South America: Current Sensor Market, by End-user, 2019-2022 (USD Million)
Table 162 South America: Current Sensor Market, by End-user, 2023-2028 (USD Million)
11.5.1 Impact of Recession on Current Sensor Market in RoW
Figure 54 Analysis of Current Sensor Market in RoW: Pre- and Post-Recession Scenarios
11.5.2 South America
11.5.2.1 Increasing Applications of Current Sensors in Automotive Sector to Drive Market
11.5.3 Middle East & Africa
11.5.3.1 Increasing Renewable Energy Production to Boost Demand for Current Sensors
12 Competitive Landscape
12.1 Overview
12.1.1 Introduction
12.2 Strategies Adopted by Key Players
Table 163 Overview of Strategies Adopted by Key Players in Current Sensor Market
12.3 Revenue Analysis of Top Five Players
Figure 55 Three-Year Revenue Analysis of Top Players in Current Sensor Market, 2020-2022
12.4 Market Share Analysis
Table 164 Current Sensor Market: Degree of Competition
Table 165 Current Sensor Market: Ranking Analysis
Figure 56 Market Share Analysis of Key Players, 2022
12.5 Evaluation Matrix for Major Players, 2022
12.5.1 Stars
12.5.2 Emerging Leaders
12.5.3 Pervasive Players
12.5.4 Participants
Figure 57 Current Sensor Market: Evaluation Matrix for Major Companies, 2022
12.5.5 Company Footprint
Table 166 Company Technology Footprint (20 Companies)
Table 167 Company End-user Footprint (20 Companies)
Table 168 Company Region Footprint (20 Companies)
Table 169 Company Overall Footprint
12.6 Evaluation Matrix for Startups/Small and Medium-Sized Enterprises (SMEs), 2022
12.6.1 Progressive Companies
12.6.2 Responsive Companies
12.6.3 Dynamic Companies
12.6.4 Starting Blocks
Figure 58 Current Sensor Market (Global): Evaluation Matrix for Startups/SMEs, 2022
Table 170 Current Sensor Market: Detailed List of Key Startups/SMEs
Table 171 Current Sensor Market: Competitive Benchmarking of Key Startups/SMEs
12.7 Competitive Scenarios and Trends
12.7.1 Product Launches/Developments
Table 172 Current Sensor Market: Product Launches/Developments, 2020-2021
12.7.2 Deals
Table 173 Deals, 2021-2023
13 Company Profiles
13.1 Introduction
13.2 Key Players
(Business Overview, Products/Services/Solutions Offered, Analyst's View, Key Strengths and Right to Win, Strategic Choices Made, Weaknesses and Competitive Threats, Recent Developments)*
13.2.1 Asahi Kasei Corporation
Table 174 Asahi Kasei Corporation: Company Overview
Figure 59 Asahi Kasei Corporation: Company Snapshot
13.2.2 Infineon Technologies AG
Table 175 Infineon Technologies AG: Company Overview
Figure 60 Infineon Technologies AG: Company Snapshot
Table 176 Infineon Technologies AG: Product Launches
Table 177 Infineon Technologies AG: Deals
13.2.3 Allegro Microsystems, Inc.
Table 178 Allegro Microsystems, Inc.: Company Overview
Figure 61 Allegro Microsystems, Inc.: Company Snapshot
Table 179 Allegro Microsystems, Inc.: Product Launches
Table 180 Allegro Microsystems, Inc.: Deals
13.2.4 LEM International SA
Table 181 LEM International SA: Company Overview
Figure 62 LEM International SA: Company Snapshot
13.2.5 Melexis
Table 182 Melexis: Company Overview
Figure 63 Melexis: Company Snapshot
Table 183 Melexis: Product Launches
13.2.6 TDK Corporation
Table 184 TDK Corporation: Company Overview
Figure 64 TDK Corporation: Company Snapshot
Table 185 TDK Corporation: Product Launches
Table 186 TDK Corporation: Deals
13.2.7 Aceinna
Table 187 Aceinna: Company Overview
Table 188 Aceinna: Product Launches
13.2.8 Honeywell International Inc.
Table 189 Honeywell International Inc.: Company Overview
Figure 65 Honeywell International Inc.: Company Snapshot
13.2.9 Tamura Corporation
Table 190 Tamura Corporation: Company Overview
Figure 66 Tamura Corporation: Company Snapshot
13.2.10 Texas Instruments Incorporated
Table 191 Texas Instruments Incorporated: Company Overview
Figure 67 Texas Instruments Incorporated: Company Snapshot
Table 192 Texas Instruments Incorporated: Product Launches
Table 193 Texas Instruments Incorporated: Deals
*Business Overview, Products/Services/Solutions Offered, Analyst's View, Key Strengths and Right to Win, Strategic Choices Made, Weaknesses and Competitive Threats, Recent Developments Might Not be Captured in Case of Unlisted Companies
13.3 Other Key Players
13.3.1 Silicon Laboratories
13.3.2 Ningbo Xici Electronic Technology Co. Ltd.
13.3.3 Kohshin Electric Corporation
13.3.4 Yageo Group
13.3.5 Vacuumschmelze GmbH & Co. KG
13.3.6 STMicroelectronics
13.3.7 Omron Corporation
13.3.8 Ice Components, Inc.
13.3.9 Magnesensor Technology
13.3.10 American Aerospace Controls
13.3.11 Electrohms Private Limited
13.3.12 Dare Electronics, Inc.
13.3.13 Yuanxing Electronics Co. Ltd.
13.3.14 Sensor Electronic Technology (SET)
13.3.15 Tell-I Technologies, Inc.
14 Appendix
14.1 Discussion Guide
14.2 KnowledgeStore: The Subscription Portal
14.3 Customization Options

Executive Summary

Companies Mentioned

  • Aceinna
  • Allegro MicroSystems, Inc.
  • American Aerospace Controls
  • Asahi Kasei Corporation
  • Dare Electronics, Inc.
  • Electrohms Private Limited
  • Honeywell International Inc.
  • Ice Components, Inc.
  • Infineon Technologies AG
  • Kohshin Electric Corporation
  • LEM International SA
  • Magnesensor Technology
  • Melexis
  • Ningbo Xici Electronic Technology Co. Ltd.
  • Omron Corporation
  • Sensor Electronic Technology (SET)
  • Silicon Laboratories
  • STMicroelectronics
  • Tamura Corporation
  • TDK Corporation
  • Tell-I Technologies, Inc.
  • Texas Instruments Incorporated
  • Vacuumschmelze GmbH & Co. KG
  • Yageo Group
  • Yuanxing Electronics Co. Ltd.

Methodology

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Table Information

Report AttributeDetails
No. of Pages241
PublishedOctober 2023
Forecast Period2023 - 2028
Estimated Market Value ( USD ) in 2023 $ 2.8 Billion
Forecasted Market Value ( USD ) by 2028 $ 4.7 Billion
Compound Annual Growth Rate10.4%
Regions CoveredGlobal
No. of Companies Mentioned25

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About the Current Sensor Market

The Current Sensor market within Manufacturing and Industry is a rapidly growing sector, with a wide range of applications. Current sensors are used to measure the flow of electrical current in a circuit, and are used in a variety of industrial and manufacturing processes. They are used to monitor and control the flow of electricity, and can be used to detect faults in electrical systems. Current sensors are also used to measure the power consumption of electrical devices, and to monitor the performance of motors and other electrical components. Current sensors are available in a variety of sizes and shapes, and can be used in a variety of applications. They are used in a variety of industries, including automotive, aerospace, medical, and consumer electronics. Some of the major companies in the Current Sensor market include Honeywell, Siemens, ABB, Omron, and Schneider Electric. These companies offer a wide range of current sensors, including digital, analog, and Hall effect sensors. Show Less Read more

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