Global Current Measurement Sensor Market: Key Highlights
Global Current Measurement Sensor Market: Key Market Dynamics
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Global Current Measurement Sensor Market: Regional Overview
Asia-Pacific is expected to hold largest market share in current measurement sensor market during growth period. China, India, Japan, and South Korea will drive the market. Increasing population, growing automotive and manufacturing industry, and increasing demand for industry 4.0 will drive the market in Asia-Pacific. Availability of quality connectivity, matured IT infrastructure, trained manpower with industry 4.0 expertise, supportive government regulations will increase the automotive, energy & power, consumer electronics, and industrial manufacturing market.
Europe is expected to grow at faster rate during the forecast period. Supportive government regulations, increasing electric and hybrid electric vehicles market, and rising healthcare market will drive the market. Germany, France, Switzerland, and Italy will drive the current measurement sensor market in Europe. Moreover, presence of global players such as Infineon Technologies AG and STMicroelectronics will add fuel in the growth of the current measurement sensor market in Europe.
Global CURRENT MEASUREMENT SENSOR Market: Key Players Overview
The company engages in the provision of semiconductor solutions to various end use applications such as automotive, communication, consumer electronics, industrial, and security & solutions among others. The Infineon current sensors provide accurate and stable current measurement up to 120A. The products are intended for use in high-voltage industrial applications such as electric drives, photovoltaic inverters, power supplies or battery management systems. In May 2019, company launched XENSIV TLI4971, a new current sensor for industrial applications
The company engages in the provision of wireless, microcontrollers, isolators timing, and other products. The company provide isolated analog and ADCs for various broad range of applications such as c-dc switching power supplies, isolated dc-dc supplies, UPS systems, and inverters for motor control. In March 2019, the company launched Si89xx family for current and voltage sensors. This family includes four product categories: Si892x isolated analog amplifiers optimized for shunt-current sensing, Si8931/2 isolated analog amplifiers optimized for general-purpose voltage sensing, Si8935/6/7 isolated DSM devices optimized for voltage sensing—an industry first, and Si8941/6/7 isolated DSM devices optimized for shunt-current sensing
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