Report overview
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.
This report aims to provide a comprehensive presentation of the global market for Current Sensors, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Current Sensors. This report contains market size and forecasts of Current Sensors in global, including the following market information:
Global Current Sensors Market Revenue, 2018-2023, 2024-2029, ($ millions)
Global Current Sensors Market Sales, 2018-2023, 2024-2029, (K Units)
Global top five Current Sensors companies in 2022 (%)
The global Current Sensors market was valued at US$ 2778 million in 2022 and is projected to reach US$ 4626.9 million by 2029, at a CAGR of 7.6% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
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.
We surveyed the Current Sensors manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Current Sensors Market, by Type, 2018-2023, 2024-2029 ($ Millions) & (K Units)
Global Current Sensors Market Segment Percentages, by Type, 2022 (%)
Hall-Effect Current Sensors
Shunt Current Sensors
TMR Current Sensors
Others
Global Current Sensors Market, by Application, 2018-2023, 2024-2029 ($ Millions) & (K Units)
Global Current Sensors Market Segment Percentages, by Application, 2022 (%)
Industrial
Automotive
Others
Global Current Sensors Market, By Region and Country, 2018-2023, 2024-2029 ($ Millions) & (K Units)
Global Current Sensors Market Segment Percentages, By Region and Country, 2022 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Current Sensors revenues in global market, 2018-2023 (Estimated), ($ millions)
Key companies Current Sensors revenues share in global market, 2022 (%)
Key companies Current Sensors sales in global market, 2018-2023 (Estimated), (K Units)
Key companies Current Sensors sales share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:
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
Outline of Major Chapters:
Chapter 1: Introduces the definition of Current Sensors, market overview.
Chapter 2: Global Current Sensors market size in revenue and volume.
Chapter 3: Detailed analysis of Current Sensors manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Sales of Current Sensors in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: Global Current Sensors capacity by region & country.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 11: The main points and conclusions of the report.
