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Current Sensors Market By Type (Open loop, Closed loop) By Current Sensing Technology (Hall Effect, Current Transformer, Flux Gate, Rogowski Coil) By End Use (Automotive, Consumer Electronics, Industrial, Telecommunication, Others) – Growth, Future Prospects & Competitive Analysis, 2016 – 2028

Summary
Table Of Content

About this report

The global Current Sensors Market report explores the critical analysis of the Current Sensors industry using key parameters. The report consists of investment strategies, the need for investments in the Current Sensors industry, and the multiple benefits for the investors. Importantly, this report sets out major changes in the global technical regulations for the Current Sensors industry, as well as how economic and non-economic barriers are helping the Current Sensors Market grow. Moreover, the report analyses the global, regional, and country-level historic and forecasted market size. The report also provides a comprehensive analysis of key investment propositions, demand and supply gap, competitors positioning, STAR analysis, SRC analysis, Tornado analysis. key technological developments, and other analyses such as porter’s five forces analysis, PESTEL analysis, value chain analysis, etc.

Key Highlights of the report

How are the major segments performing in the Current Sensors Market?

In 2021, the open loop was the leading segment in the Type of the current sensors. The category of open-loop current sensors, which formerly dominated the market, is anticipated to expand steadily over the coming years. Open-loop current sensors provide electrical isolation between their output and the tested circuit while measuring AC and DC currents. The market is expanding since they are less costly than other modern sensors.

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In 2021, the Hall Effect current sensing market is anticipated to expand quickly throughout the forecast period. Using a magnet-electric converting hall element, a Hall Effect current sensor enables contactless DC and AC detection. These sensors have a straightforward design and good durability and are used to lower the target current circuit’s power loss. The market is expanding due to the widespread use of Hall Effect sensors in industrial and automotive equipment.

Due to technical advancements in-vehicle systems like the ABS, self-driving technologies, and ADAS, the automotive sector accounted for a significant portion of current sensor market shipments globally in 2021. Advanced automotive uses for current sensors include battery management, overcurrent safety, converter control, and motor drive control. The market for these sensors is also seeing significant growth in electric and hybrid vehicles.

Which region dominated the Current Sensors Market?

The Global Current Sensor Market is divided into four geographic regions: North America, Europe, Asia Pacific, and the Rest of the World. Due to the growing need for power management, government support for industrial automation, and expansion of the industrial sector in nations like China, India, South Korea, and Japan, APAC held the highest share of the global market for current sensors in 2021. Due to the huge prospects for job development and income production in the current sensors industry, governments of several APAC nations are making efforts to advance the sector. For instance, the Indian government put up a plan in February 2020 to increase the manufacturing of mobile phones, electronic gadgets, semiconductor modules, and electronic components throughout the nation. The Indian government’s initiative to support the nation’s electronics manufacturing sector is anticipated to increase sensor demand. This, together with an increase in technical improvements, is anticipated to drive market expansion for current sensors worldwide.

What is the competitive environment of the Current Sensors Market?

Major players in the modern sensor business are increasing their manufacturing capacity to meet the growing demand from OEMs and commercial clients. Businesses anticipate working with foreign suppliers as they increase capacity to ensure their global presence and increase their current market share for sensors. Key players have improved product flow and reached certain clientele through the push strategy. Key players have also benefited from bespoke industry order- and application-specific items to create and market goods that meet customer needs. The present sensor market participants are attempting to create application-specific sensor components to satisfy the increased need for cutting-edge product offerings. For instance, TDK Corporation declared intentions to begin building a new manufacturing plant in Nikaho City, Akita Prefecture, Japan, in March 2022. The new facility will make it possible to produce various electronic parts, including switches, resistors, sensors, and capacitors, among others.

Executive Summary

What are all Technical developments being developed in the Current Sensors Industry Market?

Technical development for the current sensors is Emerging 5G technology developments will lead to infrastructure deployments that include the installation of distributed antenna, systems, servers, UPS, base stations, SMPS, and telecommunication power supply units in several developed countries, including the United States, Germany, Canada, the United Kingdom, France, and China, among others. Additionally, the telecom sector is increasingly interested in closed-loop sensors detecting linear current flow in servers and circuits. These sensors are extensively utilized in base stations for Switch-Mode Power Supplies (SMPS) and Uninterruptible Power Supplies (UPS) to detect direct (DC), alternating (AC), and impulsive currents. The contemporary sensors industry has a profitable possibility because of this.

Which are the key investments by the players in the Current Sensors Industry Market?

Players in the current sensor market use major tactics, including product launches, acquisitions, partnerships, and R&D initiatives. The market for current sensors is expected to be split by multiple players in 2021. For instance, in July 2021, A free online simulation tool for magnetic sensor assessment and module design was released by Melexis in July 2021. With Melexis’ Triaxis 2D/3D sensors, this tool gives users’ engineering teams the capacity to create and stimulate their magnets. Using the simulation program, engineers might quickly create a unique magnetic sensor module to their requirements. Moreover, on 1st December 2021, The high current 165 Amp MCx1101 Current Sensor, which is regarded as the industry’s most precise and highest bandwidth current sensor, was unveiled by Aceinna Inc. The MCx1101 current sensors from Aceinna are completely integrated, bi-directional, and offer much-improved accuracy for both DC and AC and various dynamic and alternative options.

Some of the major players in the market are Allegro Microsystems, Inc., Eaton, Honeywell International Inc., Infineon Technologies AG, LEM Group, TAMURA CORPORATION, TDK Corporation, Texas Instruments, Pulse Electronics, Sensitec GmbH.

What are the Major Driving Factors for the Current Sensors Market?

Growing environmental consciousness is fueling a need for clean energy driving the market’s expansion. The exact monitoring of each panel’s current and voltage is necessary to produce power from solar and photovoltaic cells at a low cost. Due to this, current sensors—used to ensure the effectiveness of solar and photovoltaic panels—are being used more frequently. The need for current sensors to calibrate high and medium voltage transformers is rising due to the expanding usage of smart grids to prevent power outages and failures, fueling market expansion. The market expansion is further fueled by the rising need for high-efficiency power inverters to fulfill the soaring energy consumption. The market is expanding due to the development of an open-looped current sensor to suit the need for its widespread application in several sectors. More and more people are choosing modern sensors with a quick reaction time of under thermal isolation, ten seconds, and machine mountable standard packaging. The current sensor business is expanding due to using current sensors in motor control systems to manage the torque and improve motor dependability by identifying fault conditions. It is anticipated that the creation of current sensors, which may be used in place of high-frequency current transformers to lower the size and enhance the general quality of electrical components, would accelerate industrial growth.

What are the Major Risks for the Current Sensors Market?

The fact that various sensors utilized throughout a system frequently produce outputs that are very distinct from one another makes using current sensors one of the trickiest tasks. As a result, if a defective sensor is attached or linked incorrectly, it might harm the machinery and endanger the safety of the employees. Because a sensor might not be able to withstand bigger current surges, failure rates are more likely to occur in situations with high currents and temperatures. The need for qualified professionals to execute the installation, maintenance, calibration, and software synchronization tasks related to these sensors also raises the overall cost of operation.

Which is the attributed Type in the Current Sensors Market

The segments come in Open Loop and Closed Loop types. The open loop segment is anticipated to grow at the highest CAGR and control the biggest portion of the market. With no feedback control, open-loop current sensors produce a voltage proportional to the measured current. They are typically chosen in battery-powered circuits due to their tiny size and low power consumption. Examples of potential uses include variable speed drives, uninterruptible power sources, welding apparatus, and overcurrent protection. Robots, industrial process control, variable speed drives, appliance motor control, overcurrent protection, heating, ventilation, and air conditioning (HVAC), and current monitoring in electronic circuits all use open-loop current sensors. The key force behind market development is demand for these applications among various end-users, including industrial, automotive, and healthcare. Additionally, modern sensors that use cutting-edge technology, like the MS Series Open Loop Hall-Effect Transducer, provide greater precision and encourage market expansion. The fact that various sensors utilized throughout a system frequently produce outputs that are very distinct from one another makes using current sensors one of the trickiest tasks. As a result, if a defective sensor is attached or linked incorrectly, it might harm the machinery and endanger the safety of the employees. Because a sensor might not be able to withstand bigger current surges, failure rates are more likely to occur in situations with high currents and temperatures. The need for qualified professionals to execute the installation, maintenance, calibration, and software synchronization tasks related to these sensors also raises the overall cost of operation.

The second-largest market share will go to the closed-loop segment. Closed-loop current sensors monitor both AC and DC currents and offer electrical isolation. It has excellent linearity, quick reaction times, and little temperature drift. The output current of a closed-loop sensor is mostly immune to electrical noise. Due to its quick output and accuracy, it has a profitable prospect on the market. These are mostly used in industrial robots, hybrid automobiles, the automotive sector, and related applications. Additionally, closed-loop current sensors may easily convert their output to voltage, making it easier for the telecom sector to integrate them for high bandwidth and develop network infrastructure.

How is the Current Sensors Market performing in regions?

The Asia Pacific will dominate the market with the highest share. The automotive, electronics, textile, information, and communication industries, among others, provide the majority of the region’s income. Current sensors must be installed in industries for manufacturing to be effective. Industrial automation dominates most of the global sensor market, especially in Asia-Pacific. Additionally, a rise in demand for current sensors in the automotive sector in developing nations like India, Brazil, and China is fueling the growth of this market. Additionally, the growing need for intelligent and customized automotive products has opened up several opportunities for the Asia-Pacific sensor market. Throughout the projected period, it is also anticipated that improvements in manufacturing and production techniques would support demand for current sensors.

Europe will expand at the highest CAGR. The main industries that support the area are the automotive, information & communication, and industrial sectors, among others. These industries are where contemporary sensors find their most important applications. As a result, the need for sensors has increased throughout the area. The automobile industry is one of the key sectors driving market progress. Modern vehicles utilize current sensors for several purposes, including motor drive control, converter control, overcurrent protection, and battery management. It is projected that integrating cutting-edge automotive technology will hasten market expansion. Additionally, it is projected that introducing 5G technology would boost market demand in this area. Infrastructure must be built to implement 5G technology, including servers, distributed antenna systems, base stations, SMPS, UPS, and telecom power supplies, all of which need the installation of current sensors. Additionally, the market’s rise is fueled by a rising focus on creating cutting-edge current sensor products by the top European competitors.

What is the regulatory landscape for the Current Sensors Market?

The regulatory landscape for this market is that current sensors are incredibly precise at low variance temperatures. The biggest problem the manufacturers confront is keeping this precision throughout the typical temperature ranges in automotive applications. Open-loop and closed-loop current sensors are the two major current measuring methods available to end users. End users may have issues with the open-loop sensors during temperature fluctuations or periods of high temperature. On the other hand, closed-loop sensors offer gain stability and effectively manage brief, high-current transients. However, open-loop current sensors are preferred because of the destructive overload potential. Additionally, when the primary current is high, the closed-loop sensors absorb a substantial amount of quiescent current, which results in self-heating.

What is the Market Size of the Current Sensors regarding value?

The global Current Sensors Market is anticipated to grow at a substantial CAGR of 10.30% in the upcoming years. The global Current Sensors industry was estimated to be worth USD 2194.2 million in 2021 and was expected to be worth USD 3951.20 million by 2028.

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What major players are planning for the future of the Current Sensors Market?

The key players in the current sensors market are investing heavily in the Internet of Things (IoT). IoT is significant to the information technology industry. When various information-sensing devices are integrated with the internet, a network of sensors is created. Additionally, the IoT generates a significant need for sophisticated connected devices that support M2M and device interoperability following linked environment requirements. The adoption of the internet- and cloud-based content delivery, smart grid applications, healthcare and safety monitoring, resource and inventory management, home entertainment, connected transportation, and other M2M data applications is expected to significantly increase network traffic due to device interconnection. In addition, IoT technology has recently seen considerable government support and technological advancement in several countries.

Segmentation of Global Current Sensors Market-

Global Current Sensors Market – By Type

Open loop
Closed loop

Global Current Sensors Market – By Current Sensing Technology

Hall Effect
Current Transformer
Flux Gate
Rogowski Coil

Global Current Sensors Market – By End Use

Automotive
Consumer Electronics
Industrial
Telecommunication
Others

Global Current Sensors Market – By Region

North America
- U.S.
- Canada
Europe
- Germany
- France
- U.K.
- Italy
- Spain
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- South Korea
- South-east Asia
- Rest of Asia Pacific
Latin America
- Brazil
- Mexico
- Rest of Latin America
Middle East & Africa
- GCC Countries
- South Africa
- Rest of Middle East and Africa

1. Preface
1.1. Report Description
1.1.1. Purpose of the Report
1.1.2. Target Audience
1.1.3. USP and Key Offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Phase I – Secondary Research
1.3.2. Phase II – Primary Research
1.3.3. Phase III – Expert Panel Review
1.3.4. Approach Adopted
1.3.4.1. Top-Down Approach
1.3.4.2. Bottom-Up Approach
1.3.5. Assumptions
1.4. Market Segmentation

2. Executive Summary
2.1. Market Snapshot: Global Current Sensors Market
2.2. Global Current Sensors Market, By Type
2.3. Global Current Sensors Market, By Current Sensing Technology
2.4. Global Current Sensors Market, By End User
2.5. Global Current Sensors Market, By Region

3. Market Dynamics & Factors Analysis
3.1. Introduction
3.1.1. Global Current Sensors Market Value, 2016-2028, (US$ Mn)
3.2. Market Dynamics
3.2.1. Key Growth Trends
3.2.2. Market Drivers
3.2.3. Market Restraints
3.2.4. Market Opportunities
3.2.5. Major Industry Challenges
3.3. Attractive Investment Proposition,2021
3.3.1. Product
3.3.2. Vehicle Type
3.3.3. End User
3.3.4. Geography

4. Premium Insights
4.1. STAR (Situation, Task, Action, Results) Analysis
4.2. Porter’s Five Forces Analysis
4.2.1. Threat of New Entrants
4.2.2. Bargaining Power of Buyers/Consumers
4.2.3. Bargaining Power of Suppliers
4.2.4. Threat of Substitute Types
4.2.5. Intensity of Competitive Rivalry
4.3. Value Chain Analysis
4.4. Technology Analysis
4.5. Marketing Strategy Analysis
4.5.1. Direct Marketing
4.5.2. Indirect Marketing
4.5.3. Marketing Channel Development Trend

5. Market Positioning of Key Players, 2021
5.1. Company market share of key players, 2021
5.2. Competitive Benchmarking
5.3. Market Positioning of Key Vendors
5.4. Geographical Presence Analysis
5.5. Major Strategies Adopted by Key Players
5.5.1. Key Strategies Analysis
5.5.2. Mergers and Acquisitions
5.5.3. Partnerships
5.5.4. Product Launch
5.5.5. Geographical Expansion
5.5.6. Others

6. COVID 19 Impact Analysis
6.1. Global Current Sensors Market Pre Vs Post COVID 19, 2019 – 2028
6.2. Impact on Import & Export
6.3. Impact on Demand & Supply

7. Global Current Sensors Market
7.1. Global Current Sensors Market, By Type, 2016-2028(US$ Mn)
7.1.1. Overview
7.1.2. Global Current Sensors Market, By Type, 2021 vs 2028 (in%)
7.1.3. Global Current Sensors Market, By Open Loop, 2016-2028 (US$ Mn)
7.1.4. Global Current Sensors Market, By Closed Loop, 2016-2028 (US$ Mn)
7.2. Global Current Sensors Market, By Current Sensing Technology, 2016-2028(US$ Mn)
7.2.1. Overview
7.2.2. Global Current Sensors Market, By Current Sensing Technology, 2021 vs 2028 (in%)
7.2.3. Global Current Sensors Market, By Hall Effect, 2016-2028 (US$ Mn)
7.2.4. Global Current Sensors Market, By Current Transformer, 2016-2028 (US$ Mn)
7.2.5. Global Current Sensors Market, By Flux Gate, 2016-2028 (US$ Mn)
7.2.6. Global Current Sensors Market, By Rogowski Coil 2016-2028 (US$ Mn)
7.3. Global Current Sensors Market, By End User, 2016-2028(US$ Mn)
7.3.1. Overview
7.3.2. Global Current Sensors Market, By End User, 2021 vs 2028 (in%)
7.3.3. Global Current Sensors Market, By Automotive, 2016-2028 (US$ Mn)
7.3.4. Global Current Sensors Market, By Consumer Electronic, 2016-2028 (US$ Mn)
7.3.5. Global Current Sensors Market, By Industrial, 2016-2028 (US$ Mn)
7.3.6. Global Current Sensors Market, By Telecommunication, 2016-2028 (US$ Mn)
7.3.7. Global Current Sensors Market, By Others, 2016-2028 (US$ Mn)

8. North America Current Sensors Market Analysis
8.1. North America Current Sensors Market, By Type, 2016-2028(US$ Mn)
8.1.1. Overview
8.1.2. SRC Analysis
8.2. North America Current Sensors Market, By Current Sensing Technology, 2016-2028(US$ Mn)
8.2.1. Overview
8.2.2. SRC Analysis
8.3. North America Current Sensors Market, By End User, 2016-2028(US$ Mn)
8.3.1. Overview
8.3.2. SRC Analysis
8.4. North America Current Sensors Market, by Country, 2016-2028 (US$ Mn)
8.4.1. U.S.
8.4.1.1. U.S. Current Sensors Market Estimates and Forecast, 2016-2028 (US$ Mn)
8.4.1.2. U.S. Current Sensors Market, By Type, 2016-2028 (US$ Mn)
8.4.1.3. U.S. Current Sensors Market, By Current Sensing Technology, 2016-2028 (US$ Mn)
8.4.1.4. U.S. Current Sensors Market, By End User, 2016-2028 (US$ Mn)
8.4.2. Canada
8.4.2.1. Canada Current Sensors Market Estimates and Forecast, 2016-2028 (US$ Mn)
8.4.2.2. Canada Current Sensors Market, By Type, 2016-2028 (US$ Mn)
8.4.2.3. Canada Current Sensors Market, By Current Sensing Technology, 2016-2028 (US$ Mn)
8.4.2.4. Canada Current Sensors Market, By End User 2016-2028 (US$ Mn)

9. Europe Current Sensors Market Analysis
9.1. Europe Current Sensors Market, By Type, 2016-2028(US$ Mn)
9.1.1. Overview
9.1.2. SRC Analysis
9.2. Europe Current Sensors Market, By Current Sensing Technology, 2016-2028(US$ Mn)
9.2.1. Overview
9.2.2. SRC Analysis
9.3. Europe Current Sensors Market, By End User, 2016-2028(US$ Mn)
9.3.1. Overview
9.3.2. SRC Analysis
9.4. Europe Current Sensors Market, by Country, 2016-2028 (US$ Mn)
9.4.1. Germany
9.4.1.1. Germany Current Sensors Market Estimates and Forecast, 2016-2028 (US$ Mn)
9.4.1.2. Germany Current Sensors Market, By Type, 2016-2028 (US$ Mn)
9.4.1.3. Germany Current Sensors Market, By Current Sensing Technology, 2016-2028 (US$ Mn)
9.4.1.4. Germany Current Sensors Market, By End User, 2016-2028 (US$ Mn)
9.4.2. France
9.4.2.1. France Current Sensors Market Estimates and Forecast, 2016-2028 (US$ Mn)
9.4.2.2. France Current Sensors Market, By Type, 2016-2028 (US$ Mn)
9.4.2.3. France Current Sensors Market, By Current Sensing Technology, 2016-2028 (US$ Mn)
9.4.2.4. France Current Sensors Market, By End User, 2016-2028 (US$ Mn)
9.4.3. UK
9.4.3.1. UK Current Sensors Market Estimates and Forecast, 2016-2028 (US$ Mn)
9.4.3.2. UK Current Sensors Market, By Type, 2016-2028 (US$ Mn)
9.4.3.3. UK Current Sensors Market, By Current Sensing Technology, 2016-2028 (US$ Mn)
9.4.3.4. UK Current Sensors Market, By End User, 2016-2028 (US$ Mn)
9.4.4. Italy
9.4.4.1. Italy Current Sensors Market Estimates and Forecast, 2016-2028 (US$ Mn)
9.4.4.2. Italy Current Sensors Market, By Type, 2016-2028 (US$ Mn)
9.4.4.3. Italy Current Sensors Market, By Current Sensing Technology, 2016-2028 (US$ Mn)
9.4.4.4. Italy Current Sensors Market, By End User, 2016-2028 (US$ Mn)
9.4.5. Spain
9.4.5.1. Spain Current Sensors Market Estimates and Forecast, 2016-2028 (US$ Mn)
9.4.5.2. Spain Current Sensors Market, By Type, 2016-2028 (US$ Mn)
9.4.5.3. Spain Current Sensors Market, By Current Sensing Technology, 2016-2028 (US$ Mn)
9.4.5.4. Spain Current Sensors Market, By End User, 2016-2028 (US$ Mn)
9.4.6. Rest of Europe
9.4.6.1. Rest of Europe Current Sensors Market Estimates and Forecast, 2016-2028 (US$ Mn)
9.4.6.2. Rest of Europe Current Sensors Market, By Type, 2016-2028 (US$ Mn)
9.4.6.3. Rest of Europe Current Sensors Market, By Current Sensing Technology, 2016-2028 (US$ Mn)
9.4.6.4. Rest of Europe Current Sensors Market, By End User, 2016-2028 (US$ Mn)

10. Asia Pacific Current Sensors Market Analysis
10.1. Asia Pacific Current Sensors Market, By Type, 2016-2028(US$ Mn)
10.1.1. Overview
10.1.2. SRC Analysis
10.2. Asia Pacific Current Sensors Market, By Current Sensing Technology, 2016-2028(US$ Mn)
10.2.1. Overview
10.2.2. SRC Analysis
10.3. Asia Pacific Current Sensors Market, By End User, 2016-2028(US$ Mn)
10.3.1. Overview
10.3.2. SRC Analysis
10.4. Asia Pacific Current Sensors Market, by Country, 2016-2028 (US$ Mn)
10.4.1. China
10.4.1.1. China Current Sensors Market Estimates and Forecast, 2016-2028 (US$ Mn)
10.4.1.2. China Current Sensors Market, By Type, 2016-2028 (US$ Mn)
10.4.1.3. China Current Sensors Market, By Current Sensing Technology, 2016-2028 (US$ Mn)
10.4.1.4. China Current Sensors Market, By End User, 2016-2028 (US$ Mn)
10.4.2. Japan
10.4.2.1. Japan Current Sensors Market Estimates and Forecast, 2016-2028 (US$ Mn)
10.4.2.2. Japan Current Sensors Market, By Type, 2016-2028 (US$ Mn)
10.4.2.3. Japan Current Sensors Market, By Current Sensing Technology, 2016-2028 (US$ Mn)
10.4.2.4. Japan Current Sensors Market, By End User, 2016-2028 (US$ Mn)
10.4.3. India
10.4.3.1. India Current Sensors Market Estimates and Forecast, 2016-2028 (US$ Mn)
10.4.3.2. India Current Sensors Market, By Type, 2016-2028 (US$ Mn)
10.4.3.3. India Current Sensors Market, By Current Sensing Technology, 2016-2028 (US$ Mn)
10.4.3.4. India Current Sensors Market, By End User, 2016-2028 (US$ Mn)
10.4.4. South Korea
10.4.4.1. South Korea Current Sensors Market Estimates and Forecast, 2016-2028 (US$ Mn)
10.4.4.2. South Korea Current Sensors Market, By Type, 2016-2028 (US$ Mn)
10.4.5. South-East Asia
10.4.5.1. South-East Asia Current Sensors Market Estimates and Forecast, 2016-2028 (US$ Mn)
10.4.5.2. South-East Asia Current Sensors Market, By Type, 2016-2028 (US$ Mn)
10.4.5.3. South-East Asia Current Sensors Market, By Current Sensing Technology, 2016-2028 (US$ Mn)
10.4.5.4. South-East Asia Current Sensors Market, By End User, 2016-2028 (US$ Mn)
10.4.6. Rest of Asia Pacific
10.4.6.1. Rest of Asia Pacific Current Sensors Market Estimates and Forecast, 2016-2028 (US$ Mn)
10.4.6.2. Rest of Asia Pacific Current Sensors Market, By Type, 2016-2028 (US$ Mn)
10.4.6.3. Rest of Asia Pacific Current Sensors Market, By Current Sensing Technology, 2016-2028 (US$ Mn)
10.4.6.4. Rest of Asia Pacific Current Sensors Market, By End User, 2016-2028 (US$ Mn)

11. Latin America Current Sensors Market Analysis
11.1. Latin America Current Sensors Market, By Type, 2016-2028(US$ Mn)
11.1.1. Overview
11.1.2. SRC Analysis
11.2. Latin America Current Sensors Market, By Current Sensing Technology, 2016-2028(US$ Mn)
11.2.1. Overview
11.2.2. SRC Analysis
11.3. Latin America Current Sensors Market, By End User, 2016-2028(US$ Mn)
11.3.1. Overview
11.3.2. SRC Analysis
11.4. Latin America Current Sensors Market, by Country, 2016-2028 (US$ Mn)
11.4.1. Brazil
11.4.1.1. Brazil Current Sensors Market Estimates and Forecast, 2016-2028 (US$ Mn)
11.4.1.2. Brazil Current Sensors Market, By Type, 2016-2028 (US$ Mn)
11.4.1.3. Brazil Current Sensors Market, By Current Sensing Technology, 2016-2028 (US$ Mn)
11.4.1.4. Brazil Current Sensors Market, By End User, 2016-2028 (US$ Mn)
11.4.2. Mexico
11.4.2.1. Mexico Current Sensors Market Estimates and Forecast, 2016-2028 (US$ Mn)
11.4.2.2. Mexico Current Sensors Market, By Type, 2016-2028 (US$ Mn)
11.4.2.3. Mexico Current Sensors Market, By Current Sensing Technology, 2016-2028 (US$ Mn)
11.4.2.4. Mexico Current Sensors Market, By End User, 2016-2028 (US$ Mn)
11.4.3. Rest of Latin America
11.4.3.1. Rest of Latin America Current Sensors Market Estimates and Forecast, 2016-2028 (US$ Mn)
11.4.3.2. Rest of Latin America Current Sensors Market, By Type, 2016-2028 (US$ Mn)
11.4.3.3. Rest of Latin America Current Sensors Market, By Current Sensing Technology, 2016-2028 (US$ Mn)
11.4.3.4. Rest of Latin America Current Sensors Market, By End User, 2016-2028 (US$ Mn)

12. Middle East and Africa Current Sensors Market Analysis
12.1. Middle East and Africa Current Sensors Market, By Type, 2016-2028(US$ Mn)
12.1.1. Overview
12.1.2. SRC Analysis
12.2. Middle East and Africa Current Sensors Market, By Current Sensing Technology, 2016-2028(US$ Mn)
12.2.1. Overview
12.2.2. SRC Analysis
12.3. Middle East and Africa Current Sensors Market, By End User, 2016-2028(US$ Mn)
12.3.1. Overview
12.3.2. SRC Analysis
12.4. Middle East and Africa Current Sensors Market, by Country, 2016-2028 (US$ Mn)
12.4.1. GCC Countries
12.4.1.1. GCC Countries il Current Sensors Market Estimates and Forecast, 2016-2028 (US$ Mn)
12.4.1.2. GCC Countries Current Sensors Market, By Type, 2016-2028 (US$ Mn)
12.4.1.3. GCC Countries Current Sensors Market, By Current Sensing Technology, 2016-2028 (US$ Mn)
12.4.1.4. GCC Countries Current Sensors Market, By End User, 2016-2028 (US$ Mn)
12.4.2. South Africa
12.4.2.1. South Africa Current Sensors Market Estimates and Forecast, 2016-2028 (US$ Mn)
12.4.2.2. South Africa Current Sensors Market, By Type, 2016-2028 (US$ Mn)
12.4.2.3. South Africa Current Sensors Market, By Current Sensing Technology, 2016-2028 (US$ Mn)
12.4.2.4. South Africa Current Sensors Market, By End User, 2016-2028 (US$ Mn)
12.4.3. Rest of Middle East and Africa
12.4.3.1. Rest of Middle East and Africa Current Sensors Market Estimates and Forecast, 2016-2028 (US$ Mn)
12.4.3.2. Rest of Middle East and Africa Current Sensors Market, By Type, 2016-2028 (US$ Mn)
12.4.3.3. Rest of Middle East and Africa Current Sensors Market, By Current Sensing Technology, 2016-2028 (US$ Mn)
12.4.3.4. Rest of Middle East and Africa Current Sensors Market, By End User, 2016-2028 (US$ Mn)

13. Company Profiles
13.1. ALLEGRO MICROSYSTEMS, INC.
13.1.1. Company Overview
13.1.2. Products/Services Portfolio
13.1.3. Geographical Presence
13.1.4. Financial Summary
13.1.4.1. Market Revenue and Net Profit (2019-2021)
13.1.4.2. Business Segment Revenue Analysis
13.1.4.3. Geographical Revenue Analysis
13.2. Eaton
13.3. Honeywell International Inc.
13.4. Infineon Technologies AG
13.5. LEM Group
13.6. TAMURA CORPORATION
13.7. TDK Corporation
13.8. TEXAS INSTRUMENTS
13.9. Pulse Electronics
13.10. Sensitec GmbH

List of Figures

FIG. 1 Global Current Sensors Market: Research Methodology
FIG. 2 Market Size Estimation – Top Down & Bottom up Approach
FIG. 3 Global Current Sensors Market Segmentation
FIG. 4 Global Current Sensors Market, By Type, 2021 (US$ Mn)
FIG. 5 Global Current Sensors Market, By Current Sensing Technology, 2021 (US$ Mn)
FIG. 6 Global Current Sensors Market, By End User, 2021 (US$ Mn)
FIG. 7 Global Current Sensors Market, by Geography, 2021 (US$ Mn)
FIG. 8 Attractive Investment Proposition, By Type, 2021
FIG. 9 Attractive Investment Proposition, By Current Sensing Technology, 2021
FIG. 10 Attractive Investment Proposition, By End User, 2021
FIG. 11 Attractive Investment Proposition, by Geography, 2021
FIG. 12 Global Market Share Analysis of Key Current Sensors Market Manufacturers, 2021
FIG. 13 Global Market Positioning of Key Current Sensors Market Manufacturers, 2021
FIG. 14 Global Current Sensors Market Value Contribution, By Type, 2021 & 2028 (Value %)
FIG. 15 Global Current Sensors Market, by Open Loop, Value, 2016-2028 (US$ Mn)
FIG. 16 Global Current Sensors Market, by Closed Loop, Value, 2016-2028 (US$ Mn)
FIG. 17 Global Current Sensors Market Value Contribution, By Current Sensing Technology, 2021 & 2028 (Value %)
FIG. 18 Global Current Sensors Market, by Hall Effect, Value, 2016-2028 (US$ Mn)
FIG. 19 Global Current Sensors Market, by Current Transformer, Value, 2016-2028 (US$ Mn)
FIG. 20 Global Current Sensors Market, by Flux Gate, Value, 2016-2028 (US$ Mn)
FIG. 21 Global Current Sensors Market, by Rogowski Coil, Value, 2016-2028 (US$ Mn)
FIG. 22 Global Current Sensors Market Value Contribution, By End User, 2021 & 2028 (Value %)
FIG. 23 Global Current Sensors Market, by Automotive, Value, 2016-2028 (US$ Mn)
FIG. 24 Global Current Sensors Market, by Consumer Electronics, Value, 2016-2028 (US$ Mn)
FIG. 25 Global Current Sensors Market, by Industrial, Value, 2016-2028 (US$ Mn)
FIG. 26 Global Current Sensors Market, by Telecommunication, Value, 2016-2028 (US$ Mn)
FIG. 27 Global Current Sensors Market, by Others, Value, 2016-2028 (US$ Mn)
FIG. 28 U.S. Current Sensors Market, 2016-2028 (US$ Mn)
FIG. 29 Canada Current Sensors Market, 2016-2028 (US$ Mn)
FIG. 30 Germany Current Sensors Market, 2016-2028 (US$ Mn)
FIG. 31 France Current Sensors Market, 2016-2028 (US$ Mn)
FIG. 32 U.K. Current Sensors Market, 2016-2028 (US$ Mn)
FIG. 33 Italy Current Sensors Market, 2016-2028 (US$ Mn)
FIG. 34 Spain Current Sensors Market, 2016-2028 (US$ Mn)
FIG. 35 Rest of Europe Current Sensors Market, 2016-2028 (US$ Mn)
FIG. 36 China Current Sensors Market, 2016-2028 (US$ Mn)
FIG. 37 Japan Current Sensors Market, 2016-2028 (US$ Mn)
FIG. 38 India Current Sensors Market, 2016-2028 (US$ Mn)
FIG. 39 South Korea Current Sensors Market, 2016-2028 (US$ Mn)
FIG. 40 Southeast Asia Current Sensors Market, 2016-2028 (US$ Mn)
FIG. 41 Rest of Asia Pacific Current Sensors Market, 2016-2028 (US$ Mn)
FIG. 42 Latin America Current Sensors Market, 2016-2028 (US$ Mn)
FIG. 43 Brazil Current Sensors Market, 2016-2028 (US$ Mn)
FIG. 44 Mexico Current Sensors Market, 2016-2028 (US$ Mn)
FIG. 45 Rest of Latin America Current Sensors Market, 2016-2028 (US$ Mn)
FIG. 46 Middle East & Africa Current Sensors Market, 2016-2028 (US$ Mn)
FIG. 47 GCC Countries Current Sensors Market, 2016-2028 (US$ Mn)
FIG. 48 South Africa Current Sensors Market, 2016-2028 (US$ Mn)
FIG. 49 Rest of Middle East and Africa Current Sensors Market, 2016-2028 (US$ Mn)

List of Tables

TABLE 1 Market Snapshot: Global Current Sensors Market
TABLE 2 Global Current Sensors Market, by Competitive Benchmarking, 2021
TABLE 3 Global Current Sensors Market, by Geographical Presence Analysis, 2021
TABLE 4 Global Current Sensors Market, by Key Strategies Analysis, 2021
TABLE 5 Global Current Sensors Market, By Type, 2016-2028 (US$ Mn)
TABLE 6 Global Current Sensors Market, By Current Sensing Technology, 2016-2028 (US$ Mn)
TABLE 7 Global Current Sensors Market, By End User, 2016-2028 (US$ Mn)
TABLE 8 Global Current Sensors Market, by Geography, 2016-2028 (US$ Mn)
TABLE 9 North America Current Sensors Market, By Type, 2016-2028 (US$ Mn)
TABLE 10 North America Current Sensors Market, By Current Sensing Technology, 2016-2028 (US$ Mn)
TABLE 11 North America Current Sensors Market, By End User, 2016-2028 (US$ Mn)
TABLE 12 North America Current Sensors Market, by Country, 2016-2028 (US$ Mn)
TABLE 13 US Current Sensors Market, By Type, 2016-2028 (US$ Mn)
TABLE 14 US Current Sensors Market, By Current Sensing Technology, 2016-2028 (US$ Mn)
TABLE 15 US Current Sensors Market, By End User, 2016-2028 (US$ Mn)
TABLE 16 Canada Current Sensors Market, By Type, 2016-2028 (US$ Mn)
TABLE 17 Canada Current Sensors Market, By Current Sensing Technology, 2016-2028 (US$ Mn)
TABLE 18 Canada Current Sensors Market, By End User, 2016-2028 (US$ Mn)
TABLE 19 Europe Current Sensors Market, By Type, 2016-2028 (US$ Mn)
TABLE 20 Europe Current Sensors Market, By Current Sensing Technology, 2016-2028 (US$ Mn)
TABLE 21 Europe Current Sensors Market, By End User, 2016-2028 (US$ Mn)
TABLE 22 Europe Current Sensors Market, by Country, 2016-2028 (US$ Mn)
TABLE 23 Germany Current Sensors Market, By Type, 2016-2028 (US$ Mn)
TABLE 24 Germany Current Sensors Market, By Current Sensing Technology, 2016-2028 (US$ Mn)
TABLE 25 Germany Current Sensors Market, By End User, 2016-2028 (US$ Mn)
TABLE 26 France Current Sensors Market, By Type, 2016-2028 (US$ Mn)
TABLE 27 France Current Sensors Market, By Current Sensing Technology, 2016-2028 (US$ Mn)
TABLE 28 France Current Sensors Market, By End User, 2016-2028 (US$ Mn)
TABLE 29 UK Current Sensors Market, By Type, 2016-2028 (US$ Mn)
TABLE 30 UK Current Sensors Market, By Current Sensing Technology, 2016-2028 (US$ Mn)
TABLE 31 UK Current Sensors Market, By End User, 2016-2028 (US$ Mn)
TABLE 32 Italy Current Sensors Market, By Type, 2016-2028 (US$ Mn)
TABLE 33 Italy Current Sensors Market, By Current Sensing Technology, 2016-2028 (US$ Mn)
TABLE 34 Italy Current Sensors Market, By End User, 2016-2028 (US$ Mn)
TABLE 35 Spain Current Sensors Market, By Type, 2016-2028 (US$ Mn)
TABLE 36 Spain Current Sensors Market, By Current Sensing Technology, 2016-2028 (US$ Mn)
TABLE 37 Spain Current Sensors Market, By End User, 2016-2028 (US$ Mn)
TABLE 38 Rest of Europe Current Sensors Market, By Type, 2016-2028 (US$ Mn)
TABLE 39 Rest of Europe Current Sensors Market, By Current Sensing Technology, 2016-2028 (US$ Mn)
TABLE 40 Rest of Europe Current Sensors Market, By End User, 2016-2028 (US$ Mn)
TABLE 41 Asia Pacific Current Sensors Market, By Type, 2016-2028 (US$ Mn)
TABLE 42 Asia Pacific Current Sensors Market, By Current Sensing Technology, 2016-2028 (US$ Mn)
TABLE 43 Rest of Europe Current Sensors Market, By End User, 2016-2028 (US$ Mn)
TABLE 44 Asia Pacific Current Sensors Market, by Country, 2016-2028 (US$ Mn)
TABLE 45 China Current Sensors Market, By Type, 2016-2028 (US$ Mn)
TABLE 46 China Current Sensors Market, By Current Sensing Technology, 2016-2028 (US$ Mn)
TABLE 47 China Current Sensors Market, By End User, 2016-2028 (US$ Mn)
TABLE 48 Japan Current Sensors Market, By Type, 2016-2028 (US$ Mn)
TABLE 49 Japan Current Sensors Market, By Current Sensing Technology, 2016-2028 (US$ Mn)
TABLE 50 Japan Current Sensors Market, By End User, 2016-2028 (US$ Mn)
TABLE 51 India Current Sensors Market, By Type, 2016-2028 (US$ Mn)
TABLE 52 India Current Sensors Market, By Current Sensing Technology, 2016-2028 (US$ Mn)
TABLE 53 India Current Sensors Market, By End User, 2016-2028 (US$ Mn)
TABLE 54 South Korea Current Sensors Market, By Type, 2016-2028 (US$ Mn)
TABLE 55 South Korea Current Sensors Market, By Current Sensing Technology, 2016-2028 (US$ Mn)
TABLE 56 South Korea Current Sensors Market, By End User, 2016-2028 (US$ Mn)
TABLE 57 South East Asia Current Sensors Market, By Type, 2016-2028 (US$ Mn)
TABLE 58 South East Asia Current Sensors Market, By Current Sensing Technology, 2016-2028 (US$ Mn)
TABLE 59 South East Asia Current Sensors Market, By End User, 2016-2028 (US$ Mn)
TABLE 60 Rest of Asia Pacific Current Sensors Market, By Type, 2016-2028 (US$ Mn)
TABLE 61 Rest of Asia Pacific Current Sensors Market, By Current Sensing Technology, 2016-2028 (US$ Mn)
TABLE 62 Rest of Asia Pacific Current Sensors Market, By End User, 2016-2028 (US$ Mn)
TABLE 63 Latin America Current Sensors Market, By Type, 2016-2028 (US$ Mn)
TABLE 64 Latin America Current Sensors Market, By Current Sensing Technology, 2016-2028 (US$ Mn)
TABLE 65 Latin America Current Sensors Market, By End User, 2016-2028 (US$ Mn)
TABLE 66 Latin America Current Sensors Market, by Country, 2016-2028 (US$ Mn)
TABLE 67 Brazil Current Sensors Market, By Type, 2016-2028 (US$ Mn)
TABLE 68 Brazil Current Sensors Market, By Current Sensing Technology, 2016-2028 (US$ Mn)
TABLE 69 Brazil Current Sensors Market, By End User, 2016-2028 (US$ Mn)
TABLE 70 Mexico Current Sensors Market, By Type, 2016-2028 (US$ Mn)
TABLE 71 Mexico Current Sensors Market, By Current Sensing Technology, 2016-2028 (US$ Mn)
TABLE 72 Mexico Current Sensors Market, By End User, 2016-2028 (US$ Mn)
TABLE 73 Rest of Latin America Current Sensors Market, By Type, 2016-2028 (US$ Mn)
TABLE 74 Rest of Latin America Current Sensors Market, By Current Sensing Technology, 2016-2028 (US$ Mn)
TABLE 75 Rest of Latin America Current Sensors Market, By End User, 2016-2028 (US$ Mn)
TABLE 76 Middle East and Africa Current Sensors Market, By Type, 2016-2028 (US$ Mn)
TABLE 77 Middle East and Africa Current Sensors Market, By Current Sensing Technology, 2016-2028 (US$ Mn)
TABLE 78 Middle East and Africa Current Sensors Market, By End User, 2016-2028 (US$ Mn)
TABLE 79 Middle East and Africa Current Sensors Market, by Country, 2016-2028 (US$ Mn)
TABLE 80 GCC Countries Current Sensors Market, By Type, 2016-2028 (US$ Mn)
TABLE 81 GCC Countries Current Sensors Market, By Current Sensing Technology, 2016-2028 (US$ Mn)
TABLE 82 GCC Countries Current Sensors Market, By End User, 2016-2028 (US$ Mn)
TABLE 83 South Africa Current Sensors Market, By Type, 2016-2028 (US$ Mn)
TABLE 84 South Africa Current Sensors Market, By Current Sensing Technology, 2016-2028 (US$ Mn)
TABLE 85 South Africa Current Sensors Market, By End User, 2016-2028 (US$ Mn)
TABLE 86 Rest of Middle East and Africa Current Sensors Market, By Type, 2016-2028 (US$ Mn)
TABLE 87 Rest of Middle East and Africa Current Sensors Market, By Current Sensing Technology, 2016-2028 (US$ Mn)
TABLE 88 Rest of Middle East and Africa Current Sensors Market, By End User, 2016-2028 (US$ Mn)

Frequently Asked Questions:

How does COVID-19 Impact the global current sensors market?

The Covid-19 outbreak has had a significant impact on research and development in the semiconductor and electronics industries, which has resulted in the closure of several industrial sites globally. The lack of raw materials and components is impeding sensor manufacturers’ ability to produce goods and has disrupted the supply chain. Due to growing production of hybrid and electric cars, the rise of the building automation industry, and rising consumer electronics expenditures over the past ten

Which region is the leading market for current sensors?

During the projected period, Asia-Pacific is anticipated to have a promising revenue share of the present sensor market. The expanding usage of these sensors in the building automation, industrial, energy, and automotive industries is what’s causing the present sensor industry to flourish. A number of Asia-Pacific nations, including South Korea, China, and Japan, have increased their production and sales of passenger automobiles. The expansion of the regional current sensor market is being accel

What are the key drivers for the growth of the current sensors market?

The current sensor industry is expanding as a result of data centers increasingly implementing power management systems, which improve speed and efficiency while using less power. The need for current sensors in data centers is rising since they are being integrated with backup power systems like UPS and inverters, which will safeguard the battery as it charges and improve efficiency. One of the major factors driving the expansion of the present sensor industry is the government’s tight implemen

Which is the major segment in Current sensors market by End user?

In 2020, the automotive sector accounted for the largest revenue share of the global sensor market, and it is anticipated to expand significantly over the coming years. The widespread use of current sensors in electric and hybrid cars is credited with this rise. Electric and hybrid electric cars will get better as a result of advancements in electrification of powertrains, which will increase demand for current sensors.

Which is the major segment in Current sensors market by type?

Due to its low price, compact size, light weight, and low power consumption, the Open-loop current sensor is predicted to expand at the highest CAGR of 9.9% throughout the course of the projected year. Furthermore, this kind of current sensor measures complex current waveforms, DC, AC, and galvanic isolation. Similar to current sensors, open-loop sensors are being utilized more and more in a variety of applications, such as industrial automation, broadcast equipment, power monitoring, robotics,

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