Global Electric Vehicle Battery Current Sensor Market Growth 2023-2029

Global Electric Vehicle Battery Current Sensor Market Growth 2023-2029

The battery management system (BMS) for these vehicles carries out the important tasks of keeping the battery operating inside the safe operating area (SOA), monitoring power distribution, and keeping track of the state of charge (SoC). When the battery is the main source of energy for systems in HEVs/EVs, it is essential to have information about its charging and discharging cycles. Current sensors are the main source of information for charging and discharging cycle information by reporting the status of battery SOH to the battery management system. They may be located onboard or externally. For a typical battery, current sensors measure the current flowing into (when charging) or out of (when discharging) the battery.
LPI (LP Information)' newest research report, the “Electric Vehicle Battery Current Sensor Industry Forecast” looks at past sales and reviews total world Electric Vehicle Battery Current Sensor sales in 2022, providing a comprehensive analysis by region and market sector of projected Electric Vehicle Battery Current Sensor sales for 2023 through 2029. With Electric Vehicle Battery Current Sensor sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Electric Vehicle Battery Current Sensor industry.
This Insight Report provides a comprehensive analysis of the global Electric Vehicle Battery Current Sensor 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 Electric Vehicle Battery Current Sensor portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Electric Vehicle Battery Current Sensor market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Electric Vehicle Battery Current Sensor 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 Electric Vehicle Battery Current Sensor.
The global Electric Vehicle Battery Current Sensor market size is projected to grow from US$ 87 million in 2022 to US$ 281.6 million in 2029; it is expected to grow at a CAGR of 281.6 from 2023 to 2029.
The key brands of Electric Vehicle Battery Current Sensor include LEM Holding SA, Allegro Microsystems, LLC, Melexis NV, TDK Micronas, Honeywell International Inc., Robert Bosch GmbH, DENSO, Continental and so on. Among them, LEM Holding SA, Allegro Microsystems, LLC, Melexis NV are top 3 players who account for around 45% global revenue market share in 2019. We divide Current Sensors into Hall-Effect Current Sensors, Shunt Current Sensors and other magnetic Current Sensors. Hall-Effect Current Sensors dominated this market accounting for around 65% volume market share in 2019. Increasing adoption of hybrid and electrical vehicles among end users, owing to growing concerns regarding carbon emission is a factor expected to augment growth of the automotive segment in the global current sensor market. Asia Pacific will grow fast in the future as increasing demand of current sensors in industries such as automotive, energy, healthcare, and telecommunication in countries such as China, India, and Japan.
This report presents a comprehensive overview, market shares, and growth opportunities of Electric Vehicle Battery Current Sensor market by product type, application, key manufacturers and key regions and countries.
Market Segmentation:
Segmentation by type
Hall Based Current Sensor
Shunt Based Current Sensor
Others
Segmentation by application
BEV
HEVs
PHEVs
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.
LEM Holding SA
Allegro Microsystems, LLC
Melexis NV
TDK Micronas
Honeywell International Inc.
Robert Bosch GmbH
DENSO
Continental

Key Questions Addressed in this Report
What is the 10-year outlook for the global Electric Vehicle Battery Current Sensor market?
What factors are driving Electric Vehicle Battery Current Sensor market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Electric Vehicle Battery Current Sensor market opportunities vary by end market size?
How does Electric Vehicle Battery Current Sensor 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.