Current Sensor Market by Loop Type (Closed Loop, Open Loop), Technology (Isolated Current Sensor, Non-isolated Current Sensor), Output Type, End-Use - Global Forecast 2023-2030
The Current Sensor Market is projected to reach USD 3.95 billion by 2030 from USD 1.99 billion in 2022, at a CAGR of 8.93% during the forecast period.
Market Segmentation & Coverage:
This research report analyzes various sub-markets, forecasts revenues, and examines emerging trends in each category to provide a comprehensive outlook on the Current Sensor Market.
- Based on Loop Type, market is studied across Closed Loop and Open Loop. The Open Loop is projected to witness significant market share during forecast period.
- Based on Technology, market is studied across Isolated Current Sensor and Non-isolated Current Sensor. The Isolated Current Sensor is further studied across Magnetic Current Sensor, Opto-isolated op amp, and Shunt-isolated op amp. The Magnetic Current Sensor is further studied across AMR, Fluxgate, GMR, Hall-effect, and TMR. The Non-isolated Current Sensor is further studied across Analog-to-Digital Converter and Current Sensing Amplifier. The Non-isolated Current Sensor is projected to witness significant market share during forecast period.
- Based on Output Type, market is studied across Analog, Digital, and Wireless. The Digital is projected to witness significant market share during forecast period.
- Based on End-Use, market is studied across Aerospace & Defense, Automotive, Building Automation, Consumer Electronics, Industrial, and Telecommunication. The Aerospace & Defense is projected to witness significant market share during forecast period.
- Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Americas is projected to witness significant market share during forecast period.
The report provides market sizing and forecasts across 7 major currencies - USD, EUR, JPY, GBP, AUD, CAD, and CHF; multiple currency support helps organization leaders to make well-informed decisions. In this report, 2018 to 2021 are considered as historical years, 2022 is base year, 2023 is estimated year, and years from 2024 to 2030 are considered as forecast period.
FPNV Positioning Matrix:
The FPNV Positioning Matrix is an indispensable tool for assessing the Current Sensor Market. It comprehensively evaluates vendors, analyzing key metrics related to Business Strategy and Product Satisfaction. This enables users to make informed decisions tailored to their specific needs. Through advanced analysis, vendors are categorized into four distinct quadrants, each representing a different level of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V). Be assured that this insightful framework empowers decision-makers to navigate the market with confidence.
Market Share Analysis:
The Market Share Analysis offers invaluable insights into the vendor landscape Current Sensor Market. By evaluating their impact on overall revenue, customer base, and other key metrics, we provide companies with a comprehensive understanding of their performance and the competitive environment they confront. This analysis also uncovers the level of competition in terms of market share acquisition, fragmentation, dominance, and industry consolidation during the study period.
Key Company Profiles:
The report delves into recent significant developments in the Current Sensor Market, highlighting leading vendors and their innovative profiles. These include ABB Ltd., Aceinna Inc., Allegro Microsystems, Inc., Asahi Kasei Corporation, DER EE Electrical Instrument CO., Ltd., Electrohms Private Limited, Emerson Electric Co., Globetek, Honeywell International Inc., ICE Components, Inc., Infineon Technologies AG, Kohshin Electric Corporation, LEM Holding SA, Melexis NV, NXP Semiconductors N.V., OMRON Corporation, Pulse Electronics by Yageo Corporation, Rockwell Automation Inc., Schneider Electric SE, Sensitec GmbH, Siemens AG, Silicon Laboratories Inc., STMicroelectronics International N.V., Suzhou Novosense Microelectronics Co., Ltd., Tamura Corporation, TDK Corporation, Texas Instruments, Vacuumschmelze GmbH & Co. KG, and Yokogawa Electric Corporation.
The report offers valuable insights on the following aspects:
- Market Penetration: It provides comprehensive information about key players' market dynamics and offerings.
- Market Development: In-depth analysis of emerging markets and penetration across mature market segments, highlighting lucrative opportunities.
- Market Diversification: Detailed information about new product launches, untapped geographies, recent developments, and investments.
- Competitive Assessment & Intelligence: Exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of leading players.
- Product Development & Innovation: Intelligent insights on future technologies, R&D activities, and breakthrough product developments.
- What is the market size and forecast for the Current Sensor Market?
- Which products, segments, applications, and areas hold the highest investment potential in the Current Sensor Market?
- What is the competitive strategic window for identifying opportunities in the Current Sensor Market?
- What are the latest technology trends and regulatory frameworks in the Current Sensor Market?
- What is the market share of the leading vendors in the Current Sensor Market?
- Which modes and strategic moves are suitable for entering the Current Sensor Market?
Note: PDF & Excel + Online Access - 1 Year
- 1. Preface
- 1.1. Objectives of the Study
- 1.2. Market Segmentation & Coverage
- 1.3. Years Considered for the Study
- 1.4. Currency & Pricing
- 1.5. Language
- 1.6. Limitations
- 1.7. Assumptions
- 1.8. Stakeholders
- 2. Research Methodology
- 2.1. Define: Research Objective
- 2.2. Determine: Research Design
- 2.3. Prepare: Research Instrument
- 2.4. Collect: Data Source
- 2.5. Analyze: Data Interpretation
- 2.6. Formulate: Data Verification
- 2.7. Publish: Research Report
- 2.8. Repeat: Report Update
- 3. Executive Summary
- 4. Market Overview
- 4.1. Introduction
- 4.2. Current Sensor Market, by Region
- 5. Market Insights
- 5.1. Market Dynamics
- 5.1.1. Drivers
- 5.1.1.1. Growth in demand for hall effect technology in current sensor
- 5.1.1.2. Rising deployment of closed-loop current sensors
- 5.1.1.3. Increasing use of current sensors in manufacturing industries
- 5.1.2. Restraints
- 5.1.2.1. High costs associated with current sensors
- 5.1.3. Opportunities
- 5.1.3.1. Ongoing deployment of IoT and IIoT with current sensors
- 5.1.3.2. New design concepts and systematic utilization of advanced technology in current sensors
- 5.1.4. Challenges
- 5.1.4.1. Technical issues related to current sensors
- 5.2. Market Segmentation Analysis
- 5.3. Market Trend Analysis
- 5.4. Cumulative Impact of COVID-19
- 5.5. Cumulative Impact of Russia-Ukraine Conflict
- 5.6. Cumulative Impact of High Inflation
- 5.7. Porter’s Five Forces Analysis
- 5.7.1. Threat of New Entrants
- 5.7.2. Threat of Substitutes
- 5.7.3. Bargaining Power of Customers
- 5.7.4. Bargaining Power of Suppliers
- 5.7.5. Industry Rivalry
- 5.8. Value Chain & Critical Path Analysis
- 5.9. Regulatory Framework
- 5.10. Client Customization
- 6. Current Sensor Market, by Loop Type
- 6.1. Introduction
- 6.2. Closed Loop
- 6.3. Open Loop
- 7. Current Sensor Market, by Technology
- 7.1. Introduction
- 7.2. Isolated Current Sensor
- 7.3.1. Magnetic Current Sensor
- 7.3.2.1. AMR
- 7.3.2.2. Fluxgate
- 7.3.2.3. GMR
- 7.3.2.4. Hall-effect
- 7.3.2.5. TMR
- 7.3.2. Opto-isolated op amp
- 7.3.3. Shunt-isolated op amp
- 7.3. Non-isolated Current Sensor
- 7.4.1. Analog-to-Digital Converter
- 7.4.2. Current Sensing Amplifier
- 8. Current Sensor Market, by Output Type
- 8.1. Introduction
- 8.2. Analog
- 8.3. Digital
- 8.4. Wireless
- 9. Current Sensor Market, by End-Use
- 9.1. Introduction
- 9.2. Aerospace & Defense
- 9.3. Automotive
- 9.4. Building Automation
- 9.5. Consumer Electronics
- 9.6. Industrial
- 9.7. Telecommunication
- 10. Americas Current Sensor Market
- 10.1. Introduction
- 10.2. Argentina
- 10.3. Brazil
- 10.4. Canada
- 10.5. Mexico
- 10.6. United States
- 11. Asia-Pacific Current Sensor Market
- 11.1. Introduction
- 11.2. Australia
- 11.3. China
- 11.4. India
- 11.5. Indonesia
- 11.6. Japan
- 11.7. Malaysia
- 11.8. Philippines
- 11.9. Singapore
- 11.10. South Korea
- 11.11. Taiwan
- 11.12. Thailand
- 11.13. Vietnam
- 12. Europe, Middle East & Africa Current Sensor Market
- 12.1. Introduction
- 12.2. Denmark
- 12.3. Egypt
- 12.4. Finland
- 12.5. France
- 12.6. Germany
- 12.7. Israel
- 12.8. Italy
- 12.9. Netherlands
- 12.10. Nigeria
- 12.11. Norway
- 12.12. Poland
- 12.13. Qatar
- 12.14. Russia
- 12.15. Saudi Arabia
- 12.16. South Africa
- 12.17. Spain
- 12.18. Sweden
- 12.19. Switzerland
- 12.20. Turkey
- 12.21. United Arab Emirates
- 12.22. United Kingdom
- 13. Competitive Landscape
- 13.1. FPNV Positioning Matrix
- 13.2. Market Share Analysis, By Key Player
- 13.3. Competitive Scenario Analysis, By Key Player
- 13.3.1. New Product Launch & Enhancement
- 13.3.1.1. Novosense Launched The Automotive-Qualified Integrated Current Sensor Nsm2019 Featuring Low Impedance And High Isolation
- 13.3.1.2. Suncall Corporation Taps Crocus Technologies TMR Sensor Technology to Develop Advanced Sensors for EV Industry
- 13.3.1.3. LEM Launches Open Loop Hall Current Sensor for Automotive EV Traction Inverters
- 13.3.2. Investment & Funding
- 13.3.2.1. TDK Invests in 2X Increased Production Capacity for TMR Magnetic Sensors
- 14. Competitive Portfolio
- 14.1. Key Company Profiles
- 14.1.1. ABB Ltd.
- 14.1.2. Aceinna Inc.
- 14.1.3. Allegro Microsystems, Inc.
- 14.1.4. Asahi Kasei Corporation
- 14.1.5. DER EE Electrical Instrument CO., Ltd.
- 14.1.6. Electrohms Private Limited
- 14.1.7. Emerson Electric Co.
- 14.1.8. Globetek
- 14.1.9. Honeywell International Inc.
- 14.1.10. ICE Components, Inc.
- 14.1.11. Infineon Technologies AG
- 14.1.12. Kohshin Electric Corporation
- 14.1.13. LEM Holding SA
- 14.1.14. Melexis NV
- 14.1.15. NXP Semiconductors N.V.
- 14.1.16. OMRON Corporation
- 14.1.17. Pulse Electronics by Yageo Corporation
- 14.1.18. Rockwell Automation Inc.
- 14.1.19. Schneider Electric SE
- 14.1.20. Sensitec GmbH
- 14.1.21. Siemens AG
- 14.1.22. Silicon Laboratories Inc.
- 14.1.23. STMicroelectronics International N.V.
- 14.1.24. Suzhou Novosense Microelectronics Co., Ltd.
- 14.1.25. Tamura Corporation
- 14.1.26. TDK Corporation
- 14.1.27. Texas Instruments
- 14.1.28. Vacuumschmelze GmbH & Co. KG
- 14.1.29. Yokogawa Electric Corporation
- 14.2. Key Product Portfolio
- 15. Appendix
- 15.1. Discussion Guide
- 15.2. License & Pricing
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