Global Electric Vehicle Current Sensors Market Growth 2025-2031

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

A current sensor is a sensor that will measure the intensity of the current flowing in electrical conductors. Hybrid electric vehicles (HEV) and electric vehicles (EV) continue to gain share in the overall global automotive market. 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.

Global EV sales continued strong. A total of 10,5 million new BEVs and PHEVs were delivered during 2022, an increase of +55 % compared to 2021. China and Europe emerged as the main drivers of strong growth in global EV sales. In 2022, the production and sales of new energy vehicles in China reach 7.0 million and 6.8 million respectively, a year-on-year increase of 96.9% and 93.4%, with a market share of 25.6%. The production and sales of new energy vehicles have ranked first in the world for eight consecutive years. Among them, the sales volume of pure electric vehicles was 5.365 million, a year-on-year increase of 81.6%. In 2022, sales of pure electric vehicles in Europe will increase by 29% year-on-year to 1.58 million.

LP Information, Inc. (LPI) ' newest research report, the “Electric Vehicle Current Sensors Industry Forecast” looks at past sales and reviews total world Electric Vehicle Current Sensors sales in 2024, providing a comprehensive analysis by region and market sector of projected Electric Vehicle Current Sensors sales for 2025 through 2031. With Electric Vehicle Current Sensors sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Electric Vehicle Current Sensors industry.

This Insight Report provides a comprehensive analysis of the global Electric Vehicle 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 Electric Vehicle Current Sensors portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Electric Vehicle Current Sensors market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Electric Vehicle 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 Electric Vehicle Current Sensors.

This report presents a comprehensive overview, market shares, and growth opportunities of Electric Vehicle Current Sensors market by product type, application, key manufacturers and key regions and countries.

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

Segmentation by Application:
BEV
HEVs
PHEVs

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.
LEM Holding SA
Allegro Microsystems, LLC
Melexis NV
TDK Micronas
Honeywell International Inc.
Robert Bosch GmbH
DENSO
Continental
Kohshin Electric Corporation
Infineon
Nicera
BYD
CRRC
Sinomags Electrical

Key Questions Addressed in this Report

What is the 10-year outlook for the global Electric Vehicle Current Sensors market?

What factors are driving Electric Vehicle Current Sensors market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Electric Vehicle Current Sensors market opportunities vary by end market size?

How does Electric Vehicle Current Sensors break out by Type, by Application?

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