Global Current Sensors Market Growth 2023-2029

Global Current Sensors Market Growth 2023-2029

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.
LPI (LP Information)' newest research report, the “Current Sensors Industry Forecast” looks at past sales and reviews total world Current Sensors sales in 2022, providing a comprehensive analysis by region and market sector of projected Current Sensors sales for 2023 through 2029. With Current Sensors sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Current Sensors industry.
This Insight Report provides a comprehensive analysis of the global Current Sensors landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Current Sensors portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Current Sensors market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Current Sensors and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Current Sensors.
The global Current Sensors market size is projected to grow from US$ 2641.1 million in 2022 to US$ 4583.9 million in 2029; it is expected to grow at a CAGR of 4583.9 from 2023 to 2029.
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.
This report presents a comprehensive overview, market shares, and growth opportunities of Current Sensors market by product type, application, key manufacturers and key regions and countries.
Market Segmentation:
Segmentation by type
Hall-Effect Current Sensors
Shunt Current Sensors
TMR Current Sensors
Others
Segmentation by application
Industrial
Automotive
Others
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
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

Key Questions Addressed in this Report
What is the 10-year outlook for the global Current Sensors market?
What factors are driving Current Sensors market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Current Sensors market opportunities vary by end market size?
How does Current Sensors break out type, application?
What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.