Global Current Sensors Market Growth 2025-2031

Global Current Sensors Market Growth 2025-2031

The global Current Sensors market size is predicted to grow from US$ 3829 million in 2025 to US$ 6624 million in 2031; it is expected to grow at a CAGR of 9.6% from 2025 to 2031.

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 current sensor industry is experiencing rapid growth driven by several key market dynamics. One of the main factors fueling this growth is the increasing demand for energy efficiency and the integration of renewable energy sources. As industries and consumers focus on optimizing energy use and reducing consumption, current sensors are becoming essential tools in energy management systems. These sensors enable real-time monitoring of electrical loads, helping to identify inefficiencies and support smarter energy usage. Furthermore, the growing emphasis on renewable energy, particularly solar and wind power, is further increasing the need for current sensors. These sensors are critical in managing the flow of electricity from renewable sources to the grid and in optimizing energy storage solutions, such as batteries. Additionally, the rise of electric vehicles (EVs) is creating new opportunities for current sensors, particularly in battery management systems (BMS). As EV adoption grows, accurate current sensing is essential for monitoring battery performance, ensuring safe charging and discharging cycles, and extending battery life. The increasing demand for automation, smart grids, and IoT-enabled devices across sectors such as automotive, industrial, and consumer electronics is also driving the market. Current sensors enable precise measurements, improving the performance and reliability of these systems. Overall, the current sensor industry is poised for sustained growth as technological innovations continue to advance and energy demands evolve.

Global key players of Current Sensors include Asahi Kasei Microdevices, Allegro Microsystems, Melexis, TDK Micronas, LEM Holding, etc. The top five players hold a share about 52%. Europe is the largest market, and has a share about 28%, followed by North America and China with share 24% and 20%, separately. In terms of product type, Hall Effect Current Sensor is the largest segment, occupied for a share of 63%. In terms of application, Industrial has a share about 48 percent.

LP Information, Inc. (LPI) ' newest research report, the “Current Sensors Industry Forecast” looks at past sales and reviews total world Current Sensors sales in 2024, providing a comprehensive analysis by region and market sector of projected Current Sensors sales for 2025 through 2031. 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.

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.

Segmentation by Type:
Hall Effect Current Sensor
Shunt Based Current Sensor
xMR Current Sensor
Others

Segmentation by Application:
Industrial
Automotive
Commercial
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 analysing the company's coverage, product portfolio, its market penetration.
Asahi Kasei Microdevices
Allegro Microsystems
Melexis
TDK Micronas
LEM Holding
Infineon
Honeywell
Sinomags
Kohshin Electric Corporation
Pulse Electronics Corporation
Robert Bosch
DENSO
Tamura
Texas Instruments
Continental
Nicera
BYD
MultiDimension Technology
CRRC
Magtron Intelligent

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 by Type, by Application?

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