Current Measurement Sensor Market by Type (Isolation ADC, Magnetic Sensor) Technology (Hall Effect, MEMS, AMR, GMR, TMR), by End Use Industry (Consumer Electronics, Automotive, Industrial) by Region (Asia-Pacific, North America, Europe, Middle East & Africa, South America) – Global Forecast from 2020 To 2027

Current Measurement Sensor Market - Global Industry Analysis and Forecast 2020 to 2027

Current Measurement Sensor Market: Summary

The Global Current Measurement Sensor Market is projected to reach a value of over USD 4.79 billion by 2027 at a CAGR of around 9.6%.

Current sensor is a device who measures the current passing through a wire by using the magnetic field to detect the current and generate a proportional output. When a current pass through the circuit, a voltage drops across the path where the current is flowing. Moreover, magnetic field is generated near the current carrying conductor. Current sensing is a generation of voltage related to the current passing to the circuit. A traditional method of current sensing is to put a resistor in the path of current to be sensitive and place the sensed resistor anywhere in series with the circuit it maybe loads or switch. Hence, current sensing devices are stated as current to voltage converter.

Current Measurement Sensor Market

Current Measurement Sensor Market: Drivers & Opportunity

Market Driver:

  • Rising Use of Electric & Hybrid Electric Vehicles (HEVs)

Source: IEA 2020

Source: IEA 2020

The sale of electric vehicles from 2018 is increasing. In 2018, China accounted 45% market share in Electric vehicles. In comparison with China, Europe accounted 24% and the US accounted 22% market share. Rising prices of fossil fuels and growing concerns of health & environment, the market of EVs are expected to rise during forecast period. According to Allegro MicroSystems, LLC, a typical HEV contain various systems that require electrical current sensors for AC motor and DC–DC converter applications. This company provide Hall-effect current sensor technology to provide unique, high bandwidth, enhanced resolution, improving the performance and cost-effectiveness for HEV applications.

Market Opportunity:

  • Commercialization of IoT Current Sensors

The industrial IoT is a part of IoT is used by many global players to collect, aggregate, and share large amount of data for achieving automation level at domestic and commercial levels. IoT current and voltage sensors consists of contactless hall effect, shunt resister current resister, battery voltage sensors, and temperature sensors. These sensors are read by analog to digital converter and processed by programmable microcontroller. This data is then uploaded to cloud with the help of Wi-Fi interface. Hence, need for monitoring battery driven equipment, energy efficiency, cost monitoring, and efficient solar power operations will drive the IoT current sensors market and can become an opportunity for the current measurement sensors market during growth period.        

Current Measurement Sensor Market: Key Segments

  • Segmentation based on type: Isolation ADC and Magnetic Sensor
  • Segmentation based on technology: Hall-Effect, MEMS, Anisotropic Magneto Resistance (AMR), Giant Magneto-Resistive (GMR), and Tunnel Magneto-Resistance (TMR)
  • Segmentation based on end use industry: Automotive, Energy & Power, Industrial, Consumer Electronics, Healthcare, Networking & Telecommunication, and Others
  • Segmentation based on region covers: North America, Europe, Asia-Pacific, Middle East & Africa and South America with individual country-level analysis.

Current Measurement Sensor Market: Report Scope

The report on the current measurement sensor market covers a deep dive analysis of historic, recent and current market trends. Furthermore, market share/ranking analysis of key players, market dynamics, competition landscape, country-wise analysis for each region covered and the entire supply chain dynamics are covered through the below segmentation.

Report Features

Specifics

Historical/Estimated/Forecasted Market Size Years

2019-2027

Base Year for Market Calculation

2020

Forecasted Period

2021-2027 (2021 estimated year, forecasted up to 2027)

Measured Units

Value (USD Million)

Segments Included

Type, Technology, End Use Industry, and Region

Regional Coverage

North America, Asia-Pacific, Europe, Middle East & Africa, South America

Key Companies Covered

  • HONEYWELL INTERNATIONAL INC (Company Description, Company Overview, Product Synopsis, Key Developments, SWOT Analysis)
  • Asahi Kasei Microdevices Corporation
  • Texas Instruments Incorporated
  • STMicroelectronics
  • Allegro MicroSystems, LLC
  • Pulse A Yageo Company
  • Infineon Technologies AG
  • TDK Corporation
  • TAMURA Corporation
  • Melexis
  •  LEM HOLDING SA
  • Aceinna
  • Silicon Laboratories
  • OMRON Corporation
  • PHOENIX CONTACT
  • Kohshin Electric Corporation
  • ICE Components, Inc.
  • ELECTROHMS PRIVATE LIMITED
  • Other Key Companies

Current Measurement Sensor Market: Report Segmentation

For the scope of the report, In-depth segmentation is offered by Forencis Research

Current Measurement Sensor Market, by Type

  • Isolation ADC
  • Magnetic Sensor
    • Cored Current Sensors
      • Open Loop
      • Close Loop
      • Fluxgate
    • Coreless Current Sensors

Current Measurement Sensor Market, by Technology

  • Hall-Effect
  • MEMS
  • Anisotropic Magneto Resistance (AMR)
  • Giant Magneto-Resistive (GMR)
  • Tunnel Magneto-Resistance (TMR)

Current Measurement Sensor Market, by End Use Industry

  • Automotive
    • Hybrid Electric Vehicles (HEV) Inverters
    • Electronic Power Steering (EPS) System
  • Energy & Power
    • Motor Drives & Control
    • Solar Power Generation System
    • Wind Power Generation System
    • Others
  • Industrial
    • Industrial Robots
    • Overcurrent Detection
    • Industrial Inverters
    • Laser Cutting & Welding Machines
    • Others
  • Consumer Electronics
  • Healthcare
  • Networking & Telecommunication
  • Others

Current Measurement Sensor Market, by Region

  • North America
    • US
    • Canada
    • Mexico
  • Asia-Pacific
    • China
    • India
    • Japan
    • Taiwan
    • South Korea
    • Rest of Asia-Pacific
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Switzerland
    • Rest of Europe
  • Middle East & Africa
    • Saudi Arabia
    • UAE
    • Rest of Middle East & Africa
  • South America
    • Brazil
    • Argentina
    • Rest of South America

Key Questions Answered By The Report

  • What are the prominent developments affecting the market worldwide and its growth?
  • What will be the impact of the developments in the market on the industry and on the market players in the future?
  • What are the evolving variations of the market globally?
  • What are the evolving functions of the market globally?
  • What are the prominent aspects that will affect market growth globally during the study period?
  • Who are the key players operating in the market across the globe?
  • How are the key players leveraging in the present market scenario worldwide?

Report Audience

  • Current Measurement Sensor Market Providers
  • Current Measurement Sensor Market Solution and Services Suppliers, Distributors and Dealers
  • End-Users of Varied Segments of Current Measurement Sensor Market
  • Government Bodies and Intellectual Institutions
  • Associations and Industrial Organizations
  • Research & Consulting Service Providers
  • Research & Development Organizations
  • Investment Banks & Private Equity Firms

60+ MARKET TABLES AND 30+ FIGURES WILL BE INCLUDED IN THE CURRENT MEASUREMENT SENSOR MARKET STUDY

  1. INTRODUCTION
    1. Research Objectives
    2. Market Definition
    3. Research Scope
    4. Regional Coverage
    5. Research Timeline
    6. Assumptions
    7. Limitations
  2. RESEARCH DESIGN & SCOPE
    1. Introduction
    2. Primary Research
      1. Key Industry Expert Insight
    3. Secondary Research
      1. Vital Data from Secondary Sources
    4. Market Size Estimation
    5. Data Validation & Triangulation
  3. EXECUTIVE SUMMARY
  4. MARKET DYNAMICS
    1. Introduction
    2. Drivers
      1. Increasing Demand of Electric & Hybrid Electric Vehicles
      2. Rising Need for Renewable Energy Power Generation
    3. Restraint
      1. Technological Issues
    4. Opportunities
      1. Commercialization of IoT Current Sensors
    5. Challenges
      1. Accuracy over Various Temperature Range
  5. INDUSTRY TRENDS – PORTERS FIVE FORCES ANALYSIS
    1. Introduction
      1. Power of Buyers
      2. Power of Suppliers
      3. Intensity of Competition
      4. Challenges of Substitutes
      5. Challenges of New Entrants
    2. Macro-Economic Indicators
  6. GLOBAL CURRENT MEASUREMENT SENSOR MARKET BY TYPE, Market Size in USD Million (2019-2027)
    1. Introduction
    2. Isolation ADC
    3. Magnetic Sensor
      1. Cored Current Sensors
        1. Open Loop
        2. Close Loop
        3. Fluxgate
      2. Coreless Current Sensors
  7. GLOBAL CURRENT MEASUREMENT SENSOR MARKET BY TECHNOLOGY, Market Size in USD Million (2019-2027)
    1. Introduction
    2. Hall-Effect
    3. MEMS
    4. Anisotropic Magneto Resistance (AMR)
    5. Giant Magneto-Resistive (GMR)
    6. Tunnel Magneto-Resistance (TMR)
  8. GLOBAL CURRENT MEASUREMENT SENSOR MARKET BY END USE INDUSTRY, Market Size in USD Million (2019-2027)
    1. Introduction
    2. Automotive
      1. Hybrid Electric Vehicles (HEV) Inverters
      2. Electronic Power Steering (EPS) System
    3. Energy & Power
      1. Motor Drives & Control
      2. Solar Power Generation System
      3. Wind Power Generation System
      4. Others
    4. Industrial
      1. Industrial Robots
      2. Overcurrent Detection
      3. Industrial Inverters
      4. Laser Cutting & Welding Machines
      5. Others
    5. Consumer Electronics
    6. Healthcare
    7. Networking & Telecommunication
    8. Others
  9. GLOBAL CURRENT MEASUREMENT SENSOR MARKET BY REGION, Market Size in USD Million (2019-2027)
    1. North America
      1. US
      2. Canada
      3. Mexico
    2. Europe
      1. Germany
      2. France
      3. Italy
      4. UK
      5. Switzerland
      6. Rest of Europe
    3. Asia-Pacific
      1. China
      2. India
      3. Japan
      4. Taiwan
      5. South Korea
      6. Rest of Asia-Pacific
    1. Middle East and Africa
      1. Saudi Arabia
      2. UAE
      3. Rest of Middle East and Africa
    2. South America
      1. Brazil
      2. Argentina
      3. Rest of South America
  10. COMPETITIVE LANDSCAPE
    1. Introduction
    2. Market Ranking/Share Analysis of Key Companies
    3. Company Benchmarking
  11. COMPANY PROFILES
    1. HONEYWELL INTERNATIONAL INC
      1. Company Overview
      2. Financial Overview
      3. Products/Solutions/Services Offered
      4. Key Developments
      5. SWOT Analysis
    2. Asahi Kasei Microdevices Corporation
    3. Texas Instruments Incorporated
    4.  STMicroelectronics
    5. Allegro MicroSystems, LLC
    6. Pulse A Yageo Company
    7. Infineon Technologies AG
    8. TDK Corporation
    9. TAMURA Corporation
    10. Melexis
    11. LEM HOLDING SA
    12. Aceinna
    13. Silicon Laboratories
    14. OMRON Corporation
    15. PHOENIX CONTACT
    16. Kohshin Electric Corporation 
    17. ICE Components, Inc.
    18. ELECTROHMS PRIVATE LIMITED
    19. Other Key Companies
  12. APPENDIX
    1. Key Industry Expert Insights
    2. Primary Discussion Guide
    3. Customization Options

Note1: Tentative table of contents, may get updated during the course of research.

Note2: Company financial information is subject to availability in public domain

60+ MARKET TABLES AND 30+ FIGURES WILL BE INCLUDED IN THE STUDY

Rep Id : SC 083

Published : July, 2020


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