Current Sensor Market

Current Sensor Market

Current Sensor Market Forecast, Trend, Analysis & Competition Tracking - Global Market Insights 2020 to 2030

  • XPLREP5704

  • July, 2020

  • 170 Pages

  • ICT

Hybridization in Technology to Drive the Current Sensor Market

As per a report available on XploreMR, the global current sensor market is expected to grow at a substantial rate between 2020 and 2030.

The data centres are witnessing an ever-increasing adoption on the part of power management system, so as to enhance speed & efficiency along with reduction in cost of power. This factor is expected to drive the current sensor market, as their integration with UPS and inverter ascertains protection of battery, thereby making it imperative in data centres. Also, government regulations pertaining to control over power consumption in data centre is another factor positively influencing the current sensor market.

Current Sensor Market Trends

The Hall-effect current sensors are best-suited in the present scenario as they help in reduction of design size and BOM (Bill of Material), thereby facilitating their integration in various industry verticals. Coreless technology also fuels the demand for current sensors.

Another advantages offered by the Hall-Effect technology include broad frequency bandwidth, linearity, precision. Low power consumption is, by default, ensured. The application areas of programmable Hall-effect sensors include industrial robots, smart batteries, traction motor invertors, and smart fuse devices. The key players are looking for galvanic isolation-based technology and BiCMOS architecture.

The other current sensor driving the growth of current sensor market is the “closed loop current sensor”. The advantages include low temperature drift, quick response time, and precision. Commercial application areas also vie for closed loop current sensors. The telecom sector asks for higher bandwidth along with updating network infrastructure. Closed loop current sensors are the best fit herein.

Besides, the US and the other developed economies are “bang on” with 5G technology development. This trend ought to go for deployments of infrastructure from base stations, servers, distributed antenna system to SMPS, UPS, and telecommunication power supplies. In a nutshell, the closed loop current sensors are expected to be the major revenue generator in the years to come.

As an add-on feature, closed loop sensors are capable of mitigating electrical noise. This helps in offering stable current flow in PDU (Power Distribution Unit), CRAC (Computer Room Air Conditioning) units, and the power supplies.

Now, coming to motor-driven current sensor, the demand is getting fuelled by industries dealing with industrial pumps, blowers, fans, and robots. Industrial robots are in great demand in the manufacturing sector with technologies like cloud-computing and IIoT (Industrial Internet of Things) being increasingly put into practice. This demand is prevalent in economies like South Korea and China. Current sensing is needed in servos, DC motors, and circuitry, which go on to measure robots’ functionality and power requirement.

Current sensors are also experiencing an increasing demand from hybrid (HEVs) & electric vehicles (EVs). The main purpose of these sensors is that of efficiently monitoring the current consumed by battery and pass on the real-time information regarding battery management and charging status. EVs/HEVs are being adopted by numerous countries who are looking for greener initiatives with lower consumption of fuel.

Covid-19 Impact

The outbreak of Covid-19 has applied brakes to the research activities that were conducted in this regard. This scenario is expected to persist till the end of 2020. Things are expected to bounce back with the start of 2021.

Region-wise Snapshot

North America leads the market due to inclination towards smart city and smart home trends. This does result in promulgation of loads of electronic systems inclusive of HVAC control, lighting control, home appliances, home healthcare services, infotainment systems, portable electronic devices, etc. All these electronic systems need cujrrent sensors. Europe comes in second. Asia-Pacific is expected to pick up slowly.

Competitive Landscape

The key players in the current sensor market include Silicon Laboratories, Aceinna, Allegro MicroSystems, TDK Corporation, Infineon Technologies. They are emphasizing on new product launches to stay competitive. For instance, Allegro MicroSystems, LLC, in Jun 2020, did launch a series of advanced Hall-Effect current sensors. The operating temperature range has been suitable for industrial and automotive applications.

Current Sensor Market – Report Scope

A recent study by XploreMR on the current sensor market offers a 10-year forecast from 2020-2030. The study analyzes crucial trends that are currently determining the growth of the current sensor market. This report explicates on vital dynamics, such as the drivers, restraints, and opportunities for key market players, along with key stakeholders as well as emerging players associated with the manufacturing of current sensors. The study also provides dynamics that are expected to influence the future status of the current sensor market over the forecast period.

A detailed assessment of value chain analysis, business executions, and supply chain analysis across regional markets has been covered in the report. A list of prominent companies operating in the current sensor market enhances the reliability of this comprehensive research study.

Current Sensor Market: Report Summary

The study offers comprehensive analysis on diverse features, including demand, product developments, policy & regulatory landscape, revenue generation, and sales in the current sensor market across the globe.

A comprehensive estimate on the current sensor market has also been considered through an optimistic scenario as well as a conservative scenario regarding the sales of current sensors during the forecast period. Price point comparison by region with global average price has also been considered in the study.

Current Sensor Market: Segmentation

XploreMR has studied the current sensor market with detailed segmentation on the basis of sensor type, sensing method, circuit type, end-use vertical, and key regions.

Sensor Type

Sensing Method

Circuit Type

End-use Vertical

Region

 Hall Effect

 Direct Current Sensing

 Isolated

 IT & Telecom

North America

 Open Loop

 Indirect Current Sensing

 Non-Isolated

 Consumer Electronics

Latin America

 Split

 

 

 Automotive

Europe

 Solid

 

 

 Industrial Automation

East Asia

 Coreless

 

 

 Healthcare

South Asia

 Closed Loop

 

 

 Energy & Utilities

Oceania

 Split

 

 

 Other

MEA

 Solid

 

 

 

 

 Coreless

 

 

 

 

 Rogowski Coils

 

 

 

 

Current Sensor Market: Analysis on Market Size Evaluation

The study provides each market segment in terms of value (US$ Mn) analysis in the current sensor market.

Market estimates at global and regional levels for current sensors are available in terms of “US$ Mn” for value. A Y-o-Y growth contrast on prominent current sensor market segments along with market attractiveness evaluation has been incorporated in the report. Another key feature of the current sensor market report is the analysis of all key segments in terms of absolute dollar. Absolute dollar opportunity is critical in assessing the level of opportunity that a manufacturer can look to achieve as well as identify potential resources, from sales and delivery perspectives in the current sensor market.

Current Sensor Market: Inspected Assessment on Regional Segments

Key sections have been elaborated in the report, which help deliver projections on regional markets. This chapter include regional macros (political economic and business environment outlook), which are expected to have a momentous influence on the growth of the current sensor market during the forecast period.

Country-specific valuations on the demand for current sensors have been offered for each regional market, along with market scope estimates and forecasts, price index, and impact analysis of prominence in regions and countries. Regional markets’ Y-o-Y growth estimates have also incorporated in the report.

Detail breakup in terms of value for emerging countries has also been included in the report.

Current Sensor Market: In-depth Analysis on Competitive Landscape

The report sheds light on leading manufacturers in the current sensor market, along with their detailed profiles. Essential and up-to-date data related to market players who are principally engaged in the production of current sensors has been brought with the help of a detailed dashboard view. Market share analysis and comparison of prominent players provided in the report permit report readers to take preemptive steps in advancing their businesses.

Company profiles have been combined in the report, which include essentials such as product portfolios, along with an all-inclusive SWOT analysis on each player. Company presence is mapped and presented through a matrix for all prominent players, thus providing readers with actionable insights, which help in thoughtfully presenting market status and predicting competition levels in the current sensor market. Prominent companies operating in the global current sensor market include Infineon Technologies AG, Honeywell International Inc., Texas Instruments Inc., TDK Corporation, LEM Holding SA, Silicon Laboratories Inc., Tamura Corporation, Melexis NV, Asahi Kasei Microdevices Corporation, and Allegro MicroSystems LLC.

Purchase Options
Current Sensor Market Forecast, Trend, Analysis & Competition Tracking - Global Market Insights 2020 to 2030
Buy Now
Custom Market Research Services

Custom Market Research Services

xploreMR offers custom market reserch services that help clients to get information on their business scenario required where syndicated solutions are not enough

Why Choose XploreMR

Why Choose XploreMR
  • Analyst Support

    Our analysts go above and beyond to answer your specific queries. We are with you throughout the entire journey – from initial discussion to post-purchase.

  • Country-wise Analysis & Forecasting

    As we track markets at country-level, we are able to offer hard-to-find market intelligence in both developed and emerging countries.

  • High Quality At Competitive Pricing

    We believe high quality market research shouldn’t be out of reach for businesses. Our competitively-priced market research reports ensure businesses of all sizes have access to quality information

Popular Reports

report
Acoustic Wave Filters Market Forecast, Trend Analysis & Opportunity Assessment 2021-2031

A recent market study published by XploreMR on the acoustic wave filters market includes a global industry analysis for 2016-2020 and opportunity assessment for 2021-2031, and delivers a comprehensive ...

report
Global Market Study On In-Flight Wi-Fi Services: Rising Demand For In-Flight Connectivity & Entertainment Services Driving Market Growth

In-Flight Wi-Fi Services Market: Report Scope Wi-Fi is a wireless communication technology that provides high-speed wireless connectivity over radio waves. Wi-Fi technology enables wireless connectiv ...