Current Sensor Market is seeing solid development on the account of an increasing demand around the globe. In addition, the recent advancements have additionally helped in the growth of the market.
Report Description:
A current sensor is used in electrical engineering, and it involves a range of techniques to measure electric current, which can range anywhere from picoamps to tens of thousands of amperes. There are several different ways to measure current, depending on the application. Here are a few common ones: For example, a circuit might need to detect a change in voltage, but if the device needs to determine the resistance of a cable, the electrical resistance will be an accurate guide to the current. In order to determine how much current a device can detect, current sensors must be connected to an electrical circuit. For this purpose, it is important to choose the correct resistor. In general, resistors should have a high TCR, which is the resistance at zero degrees Celsius.
The global current sensor market focuses on six regions, such as North America, Asia Pacific, South America, Europe, the Middle East, and Africa.
Drivers:
Increasing product launches by key manufacturers in the world are expected to fuel the growth of the global current sensor market over the forecast period. For instance, in March 2021, Allegro MicroSystems expanded the Coreless Current Sensor Portfolio after launching a novel coreless Hall-effect current sensor called ACS37610. There are many different types of current sensing circuits. Many of them are designed to detect the current input to an electrical circuit. These circuits can be passive or active. However, the insertion of a current sensor can affect the system's performance. As a result, current sensing circuits are crucial to many power systems. Although the term current sensing has many meanings, it is most commonly used for circuit protection and control. Increasing usage of current sensing in several sectors is estimated to enhance the growth of the global current sensor market.
Restraints:
Less awareness related to current sensing is expected to hinder the growth of the global current sensor market.
Regional Insights:
In regions, North America is expected to dominate the growth of the global current sensor market, owing to the increasing prevalence of electric cars in the region. For instance, according to GreenCars in 2020, around 322,000 electric vehicles were sold in the U.S. Moreover, the Asia Pacific is estimated to witness significant growth in the global current sensor market owing to the increasing presence of key manufacturers and semiconductor companies in the region.
Competitive Section:
Key players operating in the global current sensor market include Honeywell, Texas Instruments, Tamura Corp., Infineon Technologies, LEM International, TDK Corporation, Allegro MicroSystems, Melexis, ACEINNA, and Asahi Kasei Microdevices.
In March 2019, the Joint Research Department of Advanced Medical Technology and the Department of Cardiovascular Medicines at the Graduate School of Medical and Dental Sciences of Tokyo Medical and Dental University (TMDU) partnered with TDK Corporation in order to develop significantly accurate magnetic sensors.
In November 2018, Showa Denko K.K.'s business of neodymium magnet alloy research and development was acquired by TDK Corporation.
Scope of the Current Sensor Market:
Regional assessment of the Current Sensor Market has been carried out over six key regions which include North America, Asia-pacific, Europe, Latin America, the Middle East, and Africa. The report also constitutes recent development undertaken by key players in the market which includes new product launches, partnerships, mergers, acquisitions, and other latest developments. Moreover, the report also delivers deep insights on the ongoing research & development activities, revenue, innovative services, the actual status of demand and supply, and pricing strategy. In addition to this, this report also delivers details on consumption figures, export/import supply, and gross margin by region. In short, this report provides a valuable source of guidance and clear direction for the marketer and the part interested in the market.
Global Current Sensor Market: Competitive Landscape
The market analysis entails a section solely dedicated to major players in the Global Current Sensor Market wherein our analysts provide an insight into the financial statements of all the major players along with its key developments in product benchmarking and SWOT analysis. The company profile section also includes a business overview and financial information. The companies that are provided in this section can be customized according to the client’s requirements.
Major players operating in the global Current Sensor Market include,
- ABB
- OMRON
- Honeywell
- Electrohms
- GE Grid Solutions
- Eaton
- Bruel & Kjar
- Telcon
- Infineon Technologies
- Kaman
- Allegro MicroSystems
- Lion Precision
- Micro-Epsilon
- Emerson
- Magnelab
- SHINKAWA
- Pansonic
- KEYNECE
- NK Technologies
- IFM
- Methode Electronics
- Howard Butler
- LaunchPoint
- RockWell Automation
The report covers segment analysis:
Segmentation Based On Type -
- Hall-Effect
- Shunt s
- TMR s
Segmentation Based On Applications -
- Automotive EV Battery
- Renewable Energy
- Power Conversion
- Others
Market Opportunity:
- Rising R&D activities among market players can provide lucrative growth opportunities in the global Current Sensor Market in the near future.
- Latest developments in the global Current Sensor Market can provide major business opportunities over the forecast period.
Impact of COVID-19:
The COVID-19 pandemic has impacted numerous industries around the globe. This report covers the impact of covid-19 on the Current Sensor Market and predicts the market to grow steadily over 2021-2028. Our research shows that outperformers seek growth in every dimension which is core expansion, geography, up and down the value chain, and in adjacent spaces. As the pandemic spreads, the growth of the global Current Sensor Market is reevaluated and our latest research, perspectives, and insights on the market are mentioned in the report.
Report Highlights:
The Global Current Sensor Market is widely partitioned reliant on the predictable updates in the enhancement of parameters like quality, trustworthiness, end customer solicitations, applications, and others. The Global Current Sensor Market report contains general successful parameters, confinements, and besides has in detail illumination of the noteworthy data close by the present and future examples that may concern the advancement.
Center of the Current Sensor Market Report:
- Market estimation and future projection of Current Sensor Market
- Important Emerging trends and future opportunities in the Current Sensor Market
- Leading region and segment. Why?
- Key vendors active in market and analysis of their growth strategies
- Competitive benchmarking with their major share in the market
- Locating the exact position of the demand and supply in the Current Sensor Market
Research Methodology:
The research methodology is comprised of four steps namely secondary research, primary research, market estimation, and final presentation. At the inception of secondary research, extensive data is collected, which is refined and verified with reliable sources. The primary research starts with the validation of data processed in the secondary research.
Goal of the Research:
- The report provides an all-inclusive environment of the analysis for the market
- In-depth secondary research and primary interviews
- Impact of various social, political, and economic factors
- Porter’s Five Forces Analysis
- Competitive Landscape
Finally, the Current Sensor Market report measures the feasibility of new investment projects and presents an overall research conclusion. Moreover, the Current Sensor Market report provides key statistics on the state of the industry and is a valuable source of guidance and direction for companies and individuals interested in the market.
Table of Content
1 Report Overview
1.1 Study Scope
1.2 Key Market Segments
1.3 Players Covered: Ranking by Current Sensor Market Revenue
1.4 Market Analysis by Type
1.5 Market by Application
1.5.1 Global Current Sensor Market Share by Application: 2021 VS 2028
1.6 Coronavirus Disease 2019 (Covid-19) Impact: Current Sensor Market
1.6.1 How the Covid-19 is Affecting the Current Sensor Market
1.6.1.1 Current Sensor Market Business Impact Assessment - Covid-19
1.6.2 Market Trends and Current Sensor Market Potential Opportunities in the COVID-19 Landscape
1.6.3 Measures / Proposal against Covid-19
1.6.3.1 Government Measures to Combat Covid-19 Impact
1.7 Study Objectives
1.8 Years Considered
2 Global Growth Trends by Regions
2.1 Current Sensor Market Perspective (2015-2028)
2.2 Current Sensor Market Growth Trends by Regions
2.2.1 Current Sensor Market Size by Regions: 2015 VS 2021 VS 2028
2.2.2 Current Sensor Market Historic Market Share by Regions (2015-2021)
2.2.3 Current Sensor Market Forecasted Market Size by Regions (2021-2028)
2.3 Industry Trends and Growth Strategy
2.3.1 Market Top Trends
2.3.2 Market Drivers
2.3.3 Market Challenges
2.3.4 Porters Five Forces Analysis
2.3.5 Current Sensor Market Growth Strategy
2.3.6 Primary Interviews with Key Current Sensor Market Players (Opinion Leaders)
3 Competition Landscape by Key Players
3.1 Global Top Current Sensor Market Players by Market Size
3.1.1 Global Top Current Sensor Market Players by Revenue (2015-2021)
3.1.2 Global Current Sensor Market Revenue Market Share by Players (2015-2021)
3.1.3 Global Current Sensor Market Share by Company Type (Tier 1, Tier 2 and Tier 3)
3.2 Global Current Sensor Market Concentration Ratio
3.2.1 Global Current Sensor Market Concentration Ratio (CR5 and HHI)
3.2.2 Global Top 10 and Top 5 Companies by Current Sensor Market Revenue in 2019
3.3 Current Sensor Market Key Players Head office and Area Served
3.4 Key Players Current Sensor Market Product Solution and Service
3.5 Date of entering into Current Sensor Market
3.6 Mergers & Acquisitions, Expansion Plans
4 Breakdown Data by Type (2015-2028)
4.1 Global Current Sensor Market Historic Market Size by Type (2015-2021)
4.2 Global Current Sensor Market Forecasted Market Size by Type (2021-2028)
5 Current Sensor Market Breakdown Data by Application (2015-2028)
5.1 Global Current Sensor Market Size by Application (2015-2021)
5.2 Global Current Sensor Market Forecasted Market Size by Application (2021-2028)
6 North America
6.1 North America Current Sensor Market Size (2015-2021)
6.2 Current Sensor Market Key Players in North America (2019-2021)
6.3 North America Current Sensor Market Size by Type (2015-2021)
6.4 North America Current Sensor Market Size by Application (2015-2021)
7 Europe
7.1 Europe Current Sensor Market Size (2015-2021)
7.2 Current Sensor Market Key Players in Europe (2019-2021)
7.3 Europe Current Sensor Market Size by Type (2015-2021)
7.4 Europe Current Sensor Market Size by Application (2015-2021)
8 China
8.1 China Current Sensor Market Size (2015-2021)
8.2 Current Sensor Market Key Players in China (2019-2021)
8.3 China Current Sensor Market Size by Type (2015-2021)
8.4 China Current Sensor Market Size by Application (2015-2021)
9 Japan
9.1 Japan Current Sensor Market Size (2015-2021)
9.2 Current Sensor Market Key Players in Japan (2019-2021)
9.3 Japan Current Sensor Market Size by Type (2015-2021)
9.4 Japan Current Sensor Market Size by Application (2015-2021)
10 Southeast Asia
10.1 Southeast Asia Current Sensor Market Size (2015-2021)
10.2 Current Sensor Market Key Players in Southeast Asia (2019-2021)
10.3 Southeast Asia Current Sensor Market Size by Type (2015-2021)
10.4 Southeast Asia Current Sensor Market Size by Application (2015-2021)
11 India
11.1 India Current Sensor Market Size (2015-2021)
11.2 Current Sensor Market Key Players in India (2019-2021)
11.3 India Current Sensor Market Size by Type (2015-2021)
11.4 India Current Sensor Market Size by Application (2015-2021)
12 Central & South America
12.1 Central & South America Current Sensor Market Size (2015-2021)
12.2 Current Sensor Market Key Players in Central & South America (2019-2021)
12.3 Central & South America Current Sensor Market Size by Type (2015-2021)
12.4 Central & South America Current Sensor Market Size by Application (2015-2021)
13 Key Players Profiles
13.1 Company Details
13.2 Business Overview and Its Total Revenue
13.3 Current Sensor Market Introduction
13.4 Current Sensor Market Business (2015-2021)
13.5 Recent Development
14 Analyst's Viewpoints/Conclusions
15 Appendix
15.1 Research Methodology
15.1.1 Methodology/Research Approach
15.1.2 Data Source
15.2 Disclaimer
15.3 Author Details
List of Table
Table 1. Current Sensor Market Key Market Segments
Table 2. Key Players Covered: Ranking by Current Sensor Market Revenue
Table 3. Ranking of Global Top Current Sensor Market Manufacturers by Revenue (US$ Million) in 2019
Table 4. Global Current Sensor Market Size Growth Rate by Type (US$ Million): 2021 VS 2028
Table 5. COVID-19 Impact Global Market
Table 6. Opportunities and Trends for Current Sensor Market Players in the COVID-19 Landscape
Table 7. Present Opportunities in China & Elsewhere Due to the Coronavirus Crisis
Table 8. Key Regions/Countries Measures against Covid-19 Impact
Table 9. Proposal for Current Sensor Market Players to Combat Covid-19 Impact
Table 10. Global Current Sensor Market Size Growth by Application (US$ Million): 2021 VS 2028
Table 11. Global Current Sensor Market Size by Regions (US$ Million): 2021 VS 2028
Table 12. Global Current Sensor Market Size by Regions (2015-2021) (US$ Million)
Table 13. Global Current Sensor Market Share by Regions (2015-2021)
Table 14. Global Current Sensor Market Forecasted Market Size by Regions (2021-2028) (US$ Million)
Table 15. Global Current Sensor Market Share by Regions (2021-2028)
Table 16. Market Top Trends
Table 17. Key Drivers: Impact Analysis
Table 18. Key Challenges
Table 19. Current Sensor Market Growth Strategy
Table 20. Main Points Interviewed from Key Current Sensor Market Players
Table 21. Global Current Sensor Market Revenue by Players (2015-2021) (Million US$)
Table 22. Global Current Sensor Market Share by Players (2015-2021)
Table 23. Global Top Current Sensor Market Players by Company Type (Tier 1, Tier 2 and Tier 3) (based on the Revenue in Current Sensor Market as of 2019)
Table 24. Global Current Sensor Market by Players Market Concentration Ratio (CR5 and HHI)
Table 25. Key Players Headquarters and Area Served
Table 26. Key Players Current Sensor Market Product Solution and Service
Table 27. Date of entering into Current Sensor Market
Table 28. Mergers & Acquisitions, Expansion Plans
Table 29. Global Current Sensor Market Size by Type (2015-2021) (Million US$)
Table 30. Global Current Sensor Market Size Share by Type (2015-2021)
Table 31. Global Current Sensor Market Revenue Market Share by Type (2021-2028)
Table 31. Global Current Sensor Market Size Share by Application (2015-2021)
Table 33. Global Current Sensor Market Size by Application (2015-2021) (Million US$)
Table 34. Global Current Sensor Market Size Share by Application (2021-2028)
Table 35. North America Key Players Current Sensor Market Revenue (2019-2021) (Million US$)
Table 36. North America Key Players Current Sensor Market Share (2019-2021)
Table 37. North America Current Sensor Market Size by Type (2015-2021) (Million US$)
Table 38. North America Current Sensor Market Share by Type (2015-2021)
Table 39. North America Current Sensor Market Size by Application (2015-2021) (Million US$)
Table 40. North America Current Sensor Market Share by Application (2015-2021)
Table 41. Europe Key Players Current Sensor Market Revenue (2019-2021) (Million US$)
Table 42. Europe Key Players Current Sensor Market Share (2019-2021)
Table 43. Europe Current Sensor Market Size by Type (2015-2021) (Million US$)
Table 44. Europe Current Sensor Market Share by Type (2015-2021)
Table 45. Europe Current Sensor Market Size by Application (2015-2021) (Million US$)
Table 46. Europe Current Sensor Market Share by Application (2015-2021)
Table 47. China Key Players Current Sensor Market Revenue (2019-2021) (Million US$)
Table 48. China Key Players Current Sensor Market Share (2019-2021)
Table 49. China Current Sensor Market Size by Type (2015-2021) (Million US$)
Table 50. China Current Sensor Market Share by Type (2015-2021)
Table 51. China Current Sensor Market Size by Application (2015-2021) (Million US$)
Table 52. China Current Sensor Market Share by Application (2015-2021)
Table 53. Japan Key Players Current Sensor Market Revenue (2019-2021) (Million US$)
Table 54. Japan Key Players Current Sensor Market Share (2019-2021)
Table 55. Japan Current Sensor Market Size by Type (2015-2021) (Million US$)
Table 56. Japan Current Sensor Market Share by Type (2015-2021)
Table 57. Japan Current Sensor Market Size by Application (2015-2021) (Million US$)
Table 58. Japan Current Sensor Market Share by Application (2015-2021)
Table 59. Southeast Asia Key Players Current Sensor Market Revenue (2019-2021) (Million US$)
Table 60. Southeast Asia Key Players Current Sensor Market Share (2019-2021)
Table 61. Southeast Asia Current Sensor Market Size by Type (2015-2021) (Million US$)
Table 62. Southeast Asia Current Sensor Market Share by Type (2015-2021)
Table 63. Southeast Asia Current Sensor Market Size by Application (2015-2021) (Million US$)
Table 64. Southeast Asia Current Sensor Market Share by Application (2015-2021)
Table 65. India Key Players Current Sensor Market Revenue (2019-2021) (Million US$)
Table 66. India Key Players Current Sensor Market Share (2019-2021)
Table 67. India Current Sensor Market Size by Type (2015-2021) (Million US$)
Table 68. India Current Sensor Market Share by Type (2015-2021)
Table 69. India Current Sensor Market Size by Application (2015-2021) (Million US$)
Table 70. India Current Sensor Market Share by Application (2015-2021)
Table 71. Central & South America Key Players Current Sensor Market Revenue (2019-2021) (Million US$)
Table 72. Central & South America Key Players Current Sensor Market Share (2019-2021)
Table 73. Central & South America Current Sensor Market Size by Type (2015-2021) (Million US$)
Table 74. Central & South America Current Sensor Market Share by Type (2015-2021)
Table 75. Central & South America Current Sensor Market Size by Application (2015-2021) (Million US$)
Table 76. Central & South America Current Sensor Market Share by Application (2015-2021)
Table 77. Company Details
Table 78. Business Overview
Table 79. Product details
Table 80. Revenue in Current Sensor Market Business (2015-2021) (Million US$)
Table 81. Recent Development
List of Figures
Figure 1. Global Current Sensor Market Share by Type: 2021 VS 2028
Figure 2. Global Current Sensor Market Share by Application: 2021 VS 2028
Figure 3. Emergency Care Case Studies
Figure 4. Outpatient Facilities Case Studies
Figure 5. Hospitals Case Studies
Figure 6. Home Healthcare Facilities Case Studies
Figure 7. Current Sensor Market Report Years Considered
Figure 8. Global Current Sensor Market Size YoY Growth 2015-2028 (US$ Million)
Figure 9. Global Current Sensor Market Share by Regions: 2021 VS 2028
Figure 10. Global Current Sensor Market Share by Regions (2021-2028)
Figure 11. Porter's Five Forces Analysis
Figure 12. Global Current Sensor Market Share by Players in 2019
Figure 13. Global Top Current Sensor Market Players by Company Type (Tier 1, Tier 2, and Tier 3) (based on the Revenue in Current Sensor Market as of 2019
Figure 14. The Top 10 and 5 Players Market Share by Current Sensor Market Revenue in 2019
Figure 15. North America Current Sensor Market Size YoY Growth (2015-2021) (Million US$)
Figure 16. Europe Current Sensor Market Size YoY Growth (2015-2021) (Million US$)
Figure 17. China Current Sensor Market Size YoY Growth (2015-2021) (Million US$)
Figure 18. Japan Current Sensor Market Size YoY Growth (2015-2021) (Million US$)
Figure 19. Southeast Asia Current Sensor Market Size YoY Growth (2015-2021) (Million US$)
Figure 20. India Current Sensor Market Size YoY Growth (2015-2021) (Million US$)
Figure 21. Central & South America Current Sensor Market Size YoY Growth (2015-2021) (Million US$)
Figure 22. Bottom-up and Top-down Approaches for This Report
Figure 23. Data Triangulation
Figure 24. Key Executives Interviewed
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