Stratview Research has published a new report titled “Current Sensor Market” which is segmented By Loop Type (Closed Loop, Open Loop), By End Use (Automotive, Consumer Electronics, Telecom and Networking, Medical, Energy and Power, Industrial, Others), and Region.
As per the study, the Current Sensor Market is estimated to grow from USD 2.2 billion in 2020 to USD 4.1 billion by 2026 at a healthy CAGR of 11.1% during the forecast period.
This report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can affect the market dynamics of the industry. It provides thorough analysis of the market segments which include products, applications, and competitor analysis.
The market is bifurcated into various segments. Below given is the segment-wise analysis -
Based on end-use, the Current Sensor market has been classified into automotive, consumer electronics, telecom and networking, medical, energy and power, industrial, and others. The automotive segment accounted for the largest market share in 2020. This is mainly attributed to the rising adoption of current sensors in EVs and HEVs. Significant developments in EVs/HEVs require progress on the electrification of powertrains, which further boosts the demand for current sensors.
By region, the North American Current Sensor market accounted for the largest share in 2020 and is expected to grow at a significant CAGR during the review period. The current sensor market growth is mainly propelled by growing governmental concerns to conserve the environment towards implementation of renewable sources of energy for electricity generation & conversion, further bolstering the regional market growth.
The Asia-Pacific Current Sensor market is expected to grow at the highest CAGR of more than 8% during the review period. This growth is mainly attributed to expanding establishments of hyper-scale data centers across Japan, China, India, and South Korea. These hyper-scale data centers are highly integrated with current sensors in different power management devices such as SMPS, datacenter UPS, and Power Distribution Units (PDUs), which further proliferate the regional market expansion.
Who are the Key Players in the Market?
This report provides market intelligence in the most comprehensive way. It also provides critical insights into the key players active in the market, that will enable strategic decision-making for the existing market players as well as those willing to enter the market. The following are the key players activen in the Current Sensor Market:
- Allegro MicroSystems, LLC (US)
- TDK Corporation (TDK-Micronas GmbH) (Germany)
- Infineon Technologies AG (Germany)
- Melexis NV (Belgium)
- Honeywell International Inc. (US)
- Asahi Kasei Microdevices Corporation (Japan)
- ABB Group (Switzerland)
- NK Technologies (US)
- Tamura Corporation (Japan)
- Vacuumschmelze GmbH & Co KG (Germany)
Key questions answered by the report
- What is the projected CAGR for revenue from the Current Sensor Market during the forecast period?
- What would be the market be valued at by 2026?
- What is a major driving factor for growth of the market?
- Which region accounted for largest revenue share in the Current Sensor Market?
- Which are the major market players?
Request a sample here- https://www.stratviewresearch.com/Request-Sample/2461/Current-Sensor-Market.html#form
Stratview research delivers custom research services across the sectors. In case of any custom research requirements, please send your inquiry to [email protected] Or connect with our experts at +1-313-307-4176.
Stratview Research is a global market research firm, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with insightful market data to aid strategic decision making. These exclusive reports are the result of exclusive research methodology and are available for key industries such as chemicals, composites, advanced materials, technology, renewable energy, and more.