Global Current Sensors Market Research Report 2021

SKU ID : QYR-17324741

No. of pages : 122

Publishing Date : 04-Feb-2021

A current sensor is a resistive device employed to sense levels of current. Current sensors are used in applications where the emphasis is on accuracy and repeatability under all conditions and less on high current capability. Applications such as force-balance scales, E beam deflection systems, and switching power supplies, all rely on current sensors to feed back and control the current.
The industry is relatively fragmented, the key brand includes Asahi Kasei Microdevices Corporation, Allegro Microsystems, LLC, Melexis NV, TDK Micronas, LEM Holding SA, Honeywell International Inc., Infineon Technologies AG, Kohshin Electric Corporation, Sensitec GmbH, Pulse Electronics Corporation, MultiDimension Technology and so on. Among them, Asahi Kasei Microdevices Corporation, Allegro Microsystems, LLC and Melexis NV are Top 3 players which account for 38% global revenue market share in 2019.
We divide Current Sensors into Hall-Effect Current Sensors, Shunt Current Sensors, TMR Current Sensors, and Others type, Hall-Effect Current Sensors dominated this market which account for 56% volume market share in 2019. According to their application fields we divided into Automotive, Industrial and Others, Industrial application account for more than 41% market share in 2019.
At present, the Current Sensors consumption market is dominated by APAC region especially for China. APAC account for 35% volume market share in 2019. The Current Sensors production market is dominated by Europe region, Europe account for 33% volume market share in 2019.

Market Analysis and Insights: Global Current Sensors Market
The global Current Sensors market was valued at US$ 2407.2 million in 2019 and it is expected to reach US$ 3948.6 million by the end of 2026, growing at a CAGR of 7.9% during 2021-2026.

Global Current Sensors Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2016 to 2027. This section mentions the volume of production by region from 2016 to 2027. Pricing analysis is included in the report according to each type from the year 2016 to 2027, manufacturer from 2016 to 2021, region from 2016 to 2021, and global price from 2016 to 2027.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.

Global Current Sensors Market: Segment Analysis
The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2016 to 2027. by Application segment also provides consumption during the forecast period of 2016 to 2027. Understanding the segments helps in identifying the importance of different factors that aid the market growth.

Segment by Type
Hall-Effect Current Sensors
Shunt Current Sensors
TMR Current Sensors
Others

Segment by Application
Industrial
Automotive
Others

By Company
Asahi Kasei Microdevices Corporation
Allegro Microsystems, LLC
Melexis NV
TDK Micronas
LEM Holding SA
Honeywell International Inc.
Infineon Technologies AG
Kohshin Electric Corporation
Sensitec GmbH
Pulse Electronics Corporation
MultiDimension Technology

Production by Region
North America
Europe
Japan
China

Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
UAE

Frequently Asked Questions



This market study covers the global and regional market with an in-depth analysis of the overall growth prospects...
  • By product type
  • By End User/Applications
  • By Technology
  • By Region
The report provides a detailed evaluation of the market by highlighting information on different aspects including drivers, restraints...
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