logo
logo
Sign in

Current Sensors Market Share by Technology, Application, Equipment, Geography, Analysis, Research and Forecast to 2027

avatar
Minakshi Jagtap

Market Highlights
Current sensors are used to detect and measure alternating and/or direct current in an electronic circuit using Hall effect sensing, and giant magnetoresistive sensitive technology. The current sensors find a variety of applications in power management devices, current supplies, inverters in electric vehicles, and battery-powered devices. Open loop current sensors integrated with Hall effect sensing technology are widely used for sensing current and offer the ability to work in low power mode. Manufacturing and consumer electronics are the largest end-users of current sensors. However, the automotive industry is expected to register the highest CAGR during the forecast period.

Get Free Sample Report : https://www.marketresearchfuture.com/sample_request/7658


Key Players
The key players in the current sensor market are identified across all the major regions based on their country of origin, presence across different regions, recent key developments, product diversification, and industry expertise. Some of them are Pulse Electronics Corporation (US), Honeywell International Inc. (US), Tamura Corporation (Japan), Melexis NV (Belgium), Vacuumschmelze GmbH & Co. KG (Germany), Infineon Technologies AG (Germany), Phoenix Contact (Germany), Texas Instruments, Inc. (US), Allegro MicroSystems, LLC (UK), and AKM Semiconductor Inc (US).

Apart from the top key players, the other players contributing nearly 40–45% in the current sensor market are Advantech B+B SmartWorx (US), Broadcom Inc. (US), Coto Technology (US), CR Magnetics Inc (US), CUI, Inc. (US), Diodes Incorporated (US), Harting Technologiegruppe (Germany), Lem Holding SA (Switzerland), Littelfuse, Inc. (US), Monnit Corporation (US), Red Lion Controls, Inc. (US), Silicon Laboratories, Inc. (US), TDK-Micronas (Switzerland), and Weidmüller Interface GmbH & Co. KG (Germany).

Get Complete Report @ https://www.marketresearchfuture.com/reports/current-sensor-market-7658


Regional Analysis
The market for current sensor is estimated to grow at a significant rate during the forecast period from 2019 to 2024. The geographic analysis of the current sensor market has been studied for North America, Europe, Asia-Pacific, and the rest of the world (including the Middle East & Africa, and South America). According to MRFR analysis, Asia-Pacific is expected to grow with the highest rate during the forecast period. The market growth in Asia-Pacific is high due to the increasing concentration of end-users such as consumer electronics and automotive industries. In addition, Asia-Pacific is at the forefront of digital transformation in semiconductor & electronics industry which impacts the production of power-efficient devices. The production of power efficient devices for consumer, automotive, and industrial applications has further increased the need for current measurement and ultimately the increased production of current sensors. Additionally, China, Taiwan, and Japan are among the largest exporters of electronic components in the Middle East & Africa and Europe. On the other hand, North America is estimated to continue dominating the current sensor market during the forecast period owing to the major contribution from the US and Mexico.

About Market Research Future:

Market Research Future (MRFR) is an esteemed company with a reputation of serving clients across domains of information technology (IT), healthcare, and chemicals. Our analysts undertake painstaking primary and secondary research to provide a seamless report with a 360 degree perspective. Data is compared against reputed organizations, trustworthy databases, and international surveys for producing impeccable reports backed with graphical and statistical information.

We at MRFR provide syndicated and customized reports to clients as per their liking. Our consulting services are aimed at eliminating business risks and driving the bottomline margins of our clients. The hands-on experience of analysts and capability of performing astute research through interviews, surveys, and polls are a statement of our prowess. We constantly monitor the market for any fluctuations and update our reports on a regular basis.

collect
0
avatar
Minakshi Jagtap
guide
Zupyak is the world’s largest content marketing community, with over 400 000 members and 3 million articles. Explore and get your content discovered.
Read more