The global Current Sensors market was valued at 2455.18 Million USD in 2021 and will grow with a CAGR of 7.93% from 2021 to 2027, based on HNY Research newly published report.

The prime objective of this report is to provide the insights on the post COVID-19 impact wwhich will help market players in this field evaluate their business approaches. Also, this report covers market segmentation by major market verdors, types, applications/end users and geography(North America, East Asia, Europe, South Asia, Southeast Asia, Middle East, Africa, Oceania, South America).

A current sensor is a resistive device employed to sense levels of current. Current sensors are used in applications where the emphasis is on accuracy and repeatability under all conditions and less on high current capability. Applications such as force-balance scales, E beam deflection systems, and switching power supplies, all rely on current sensors to feed back and control the current.The industry is relatively fragmented, the key brand includes Asahi Kasei Microdevices Corporation, Allegro Microsystems, LLC, Melexis NV, TDK Micronas, LEM Holding SA, Honeywell International Inc., Infineon Technologies AG, Kohshin Electric Corporation, Sensitec GmbH, Pulse Electronics Corporation, MultiDimension Technology and so on. Among them, Asahi Kasei Microdevices Corporation, Allegro Microsystems, LLC and Melexis NV are Top 3 players which account for 38% global revenue market share in 2019. We divide Current Sensors into Hall-Effect Current Sensors, Shunt Current Sensors, TMR Current Sensors, and Others type, Hall-Effect Current Sensors dominated this market which account for 56% volume market share in 2019. According to their application fields we divided into Automotive, Industrial and Others, Industrial application account for more than 41% market share in 2019. At present, the Current Sensors consumption market is dominated by APAC region especially for China. APAC account for 35% volume market share in 2019. The Current Sensors production market is dominated by Europe region, Europe account for 33% volume market share in 2019.

By Market Verdors:

Asahi Kasei Microdevices Corporation

Allegro Microsystems, LLC

Melexis NV

TDK Micronas

LEM Holding SA

Honeywell International Inc.

Infineon Technologies AG

Kohshin Electric Corporation

Sensitec GmbH

Pulse Electronics Corporation

MultiDimension Technology

By Types:

Hall-Effect Current Sensors

Shunt Current Sensors

TMR Current Sensors

By Applications:

Industrial

Automotive

Key Indicators Analysed

Market Players & Competitor Analysis: The report covers the key players of the industry including Company Profile, Product Specifications, Production Capacity/Sales, Revenue, Price and Gross Margin 2016-2027 & Sales with a thorough analysis of the market’s competitive landscape and detailed information on vendors and comprehensive details of factors that will challenge the growth of major market vendors.

Global and Regional Market Analysis: The report includes Global & Regional market status and outlook 2016-2027. Further the report provides break down details about each region & countries covered in the report. Identifying its sales, sales volume & revenue forecast. With detailed analysis by types and applications.

Market Trends: Market key trends which include Increased Competition and Continuous Innovations.

Opportunities and Drivers: Identifying the Growing Demands and New Technology

Porters Five Force Analysis: The report provides with the state of competition in industry depending on five basic forces: threat of new entrants, bargaining power of suppliers, bargaining power of buyers, threat of substitute products or services, and existing industry rivalry.

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