Product Code: IAS159B
Highlights:
The global market for electrical current sensors reached $2.7 billion in 2022. The market is estimated to grow from $3.0 billion in 2023 to reach $4.8 billion by 2028, at a compound annual growth rate (CAGR) of 10.1% from 2023 through 2028.
The global market for hall effect current sensors is estimated to grow from $990.3 million in 2023 to reach $1.6 billion by 2028, at a CAGR of 10.5% from 2023 through 2028.
The global market for fiber-optic current sensors is estimated to grow from $909.0 million in 2023 to reach $1.5 billion by 2028, at a CAGR of 11.0% from 2023 through 2028.
Report Scope:
The scope of the report includes an overview of the global electrical current sensors market as well as the analysis of global market trends, with data from 2021 and 2022, the latter considered the base year, as well as estimates for 2023 through 2028, with projections of CAGR in the forecast period. Revenue forecasts for this period are segmented based on technology, loop type, end user, and geography.
Finally, the report presents an analysis of the competitive dynamics of the current sensors market, including critical success factors such as research and development capability, installed base, branding, and ecosystem influence and partnerships. The report provides profiles of the manufacturers of current sensors. This report also analyzes the impact caused by the COVID-19 pandemic.
Report Includes:
- 42 data tables and 19 additional tables
- An up-to-date overview and analysis of the global markets for electrical current sensors
- Analyses of the global market trends, with historical market revenue data (sales figures) for 2022, estimates for 2023, forecasts for 2024 and 2026, and projections of compound annual growth rates (CAGRs) through 2028
- Estimation of the actual market size and revenue growth forecast for electrical current sensors market in the USD million values, and corresponding market share analysis based on technology, loop type, end-user industry, and region
- In-depth information (facts and figures) concerning the major factors influencing the progress of this market (benefits, and industry-specific challenges) with respect to specific growth trends, upcoming technologies, future prospects, and contributions to the overall market
- Description of emerging technologies and innovations behind the development and applications of current sensors, with a special emphasis on new products being developed and the markets for these products
- Holistic review of the impact of COVID-19 and the Russia-Ukraine war on the global and regional markets for electrical current sensors
- A relevant patent analysis with significant allotments of recently published patents and patent applications on electrical current sensors
- Identification of the key players operating in the market, and analysis of their competitive landscape based on recent developments, segmental revenues, and operational integration
- Descriptive company profiles of the leading global players, including Asahi Kasei Corp., Allegro Microsystems LLC, Honeywell International Inc., Infineon Technologies AG, TDK Corp., and Texas Instruments Inc.
Table of Contents
Chapter 1 Introduction
- Overview
- Study Goals and Objectives
- What's New in This Update?
- Reasons for Doing the Study
- Scope of Report
- Intended Audience
- Information Sources
- Research Methodology
- Geographic Breakdown
- Analyst's Credentials
- BCC Custom Research
- Related BCC Research Reports
Chapter 2 Summary and Highlights
Chapter 3 Market Overview
- Overview
- Technology Snapshot
- Direct Current Sensing Techniques
- Advancements in Electric Current Sensors
- Regulatory Standards
- International Electrotechnical Commission (IEC)
- Underwriters Laboratories (UL)
- Value Chain Analysis
- Porter's Five Forces Analysis
- Bargaining Power of Suppliers
- Bargaining Power of Consumers
- Threat of New Entrants
- Competitive Rivalry
- Threat of Substitutes
- Future Outlook
- Impact of COVID-19 on the Market
- Positive Impact
- Negative Impact
- Impact of Russia-Ukraine War on the Market
Chapter 4 Market Dynamics
- Overview
- Market Dynamics
- Market Drivers
- Market Restraints
- Market Opportunities
Chapter 5 Market Breakdown by Technology
- Overview
- Hall Effect Current Sensors
- Open-Loop Hall Effect Sensors
- Closed-Loop Hall Effect Sensors
- Fiber-Optic Current Sensors
- Rogowski Coil Current Sensors
- Fluxgate Current Sensors
- Others
Chapter 6 Market Breakdown by Loop Type
- Overview
- Open-Loop Current Sensors
- Closed-Loop Current Sensors
Chapter 7 Market Breakdown by End-User Industry
- Introduction
- Automotive
- Machinery Manufacturing
- Process Industries
- Consumer Electronics
- Healthcare
- Smart Building
- Aerospace and Shipbuilding
- Others
Chapter 8 Market Breakdown by Region
- Overview
- North America
- Europe
- Asia-Pacific
- Rest of the World
Chapter 9 Patent Analysis
- Overview
- Geographical Patterns
Chapter 10 Competitive Landscape
Chapter 11 Company Profiles
- Aceinna Inc.
- ALLEGRO MICROSYSTEMS LLC
- ASAHI KASEI MICRODEVICES CORP.
- DER EE ELECTRICAL INSTRUMENT CO. LTD.
- HONEYWELL INTERNATIONAL INC.
- INFINEON TECHNOLOGIES AG
- KOHSHIN ELECTRIC CORP.
- LEM INTERNATIONAL SA
- MELEXIS NV
- NIPPON CERAMIC CO. LTD.
- OMRON CORP.
- OPTEK TECHNOLOGY INC.
- PULSE ELECTRONICS CORP.
- TAMURA CORP.
- TDK CORP.
- TEXAS INSTRUMENTS INC.
- VISHAY PRECISION GROUP
Chapter 12 Appendix: Acronyms