Current Sensor Market 2024-2028: Rise In Adoption Of Energy-efficient Solutions to Boost Growth | Technavio

News provided by

Jan 25, 2024, 13:20 ET

NEW YORK, Jan. 25, 2024 /PRNewswire/ -- The Global Current Sensor Market is set for substantial growth, projecting a Compound Annual Growth Rate (CAGR) of 10.37%, according to a report by Technavio. The market is forecasted to witness an increase of USD 1.79 billion between 2023 and 2028, driven by factors such as the rise in the adoption of energy-efficient solutions, increasing demand for high-precision current measurement in semiconductor manufacturing processes, and the growing integration of current sensors in industrial automation equipment and Internet of Things (IoT) devices.
Gain insights into market scenarios with historical data spanning from 2018 to 2022 and future projections for the period 2024-2028. Claim your FREE sample report for a comprehensive analysis!

Technavio has announced its latest market research report titled Global Current Sensor Market 2024-2028

Key Drivers, Trends, and Challenges:
Analyzing data from 2023 as the base year, the report highlights key drivers stimulating market growth, notably the surge in the adoption of energy-efficient solutions. The rise in focus on Industry 4.0 and smart manufacturing is a primary trend shaping market growth. However, the increasing complexity of current sensor solutions presents a challenge, affecting market growth.

Current Sensor Market 2024-2028 : Companies Analysis
Some companies such as ABB Ltd., ACEINNA Inc., Allegro MicroSystems Inc., Analog Devices Inc., CR Magnetics Inc., Eaton Corp. Plc, Honeywell International Inc., Infineon Technologies AG, and others are strategically positioning themselves to establish their market presence. The report provides detailed analyses of 20 market companies, categorizing them based on key factors and market dominance.
Get an in-depth analysis on the market's competitive landscape by purchasing the full report.

Market Segmentation Overview:
The market is set for significant growth in the open-loop current sensors segment, which showed a gradual increase in market share, reaching USD 1.45 billion in 2018. APAC is projected to contribute 39% to the global market growth during the forecast period. This report delves into market segmentation based on Type, Technology, and Region. The current sensor market projected to witness remarkable expansion, driven by factors reshaping the operational landscape across industries. Explore growth analysis by revenue at global, regional, and country levels, uncover market trends, growth opportunities, and conduct a thorough analysis for the forecasted period.

Obtain actionable insights and stay ahead in an ever-evolving market landscape. If you're ready to explore the dynamics of the current sensor market, our FREE sample report is just a click away.

Current Sensor Market 2024-2028 : Segmentation

Current Sensor Market is segmented as below:

Type

Open Loop Current Sensors
Closed Loop Current Sensors

Technology

Hall Effect
Current Transformer
Flux Gate
Rogowski Coil

Geography

APAC
North America
Europe
South America
Middle East And Africa

Current Sensor Market 2024-2028 : Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our current sensor market report covers the following areas:

Current Sensor Market size
Current Sensor Market trends
Current Sensor Market industry analysis

This study identifies Rise in focus on Industry 4.0 and smart manufacturing as one of the prime reasons driving the current sensor market growth during the next few years.

Table Of Contents :

1 Executive Summary

1.1 Market overview

Exhibit 01: Executive Summary – Chart on Market Overview
Exhibit 02: Executive Summary – Data Table on Market Overview
Exhibit 03: Executive Summary – Chart on Global Market Characteristics
Exhibit 04: Executive Summary – Chart on Market by Geography
Exhibit 05: Executive Summary – Chart on Market Segmentation by Type
Exhibit 06: Executive Summary – Chart on Market Segmentation by Technology
Exhibit 07: Executive Summary – Chart on Incremental Growth
Exhibit 08: Executive Summary – Data Table on Incremental Growth
Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

2.1 Market ecosystem

Exhibit 10: Parent market
Exhibit 11: Market Characteristics

3 Market Sizing

3.1 Market definition

Exhibit 12: Offerings of vendors included in the market definition

3.2 Market segment analysis

Exhibit 13: Market segments

3.3 Market size 2023

3.4 Market outlook: Forecast for 2023-2028

Exhibit 14: Chart on Global - Market size and forecast 2023-2028 (USD billion)
Exhibit 15: Data Table on Global - Market size and forecast 2023-2028 (USD billion)
Exhibit 16: Chart on Global Market: Year-over-year growth 2023-2028 (%)
Exhibit 17: Data Table on Global Market: Year-over-year growth 2023-2028 (%)

4 Historic Market Size

4.1 Global current sensor market 2018 - 2022

Exhibit 18: Historic Market Size – Data Table on global current sensor market 2018 - 2022 (USD billion)

4.2 Type Segment Analysis 2018 - 2022

Exhibit 19: Historic Market Size – Type Segment 2018 - 2022 (USD billion)

4.3 Technology Segment Analysis 2018 - 2022

Exhibit 20: Historic Market Size – Technology Segment 2018 - 2022 (USD billion)

4.4 Geography Segment Analysis 2018 - 2022

Exhibit 21: Historic Market Size – Geography Segment 2018 - 2022 (USD billion)

4.5 Country Segment Analysis 2018 - 2022

Exhibit 22: Historic Market Size – Country Segment 2018 - 2022 (USD billion)

5 Five Forces Analysis

5.1 Five forces summary

Exhibit 23: Five forces analysis - Comparison between 2023 and 2028

5.2 Bargaining power of buyers

Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2023 and 2028

5.3 Bargaining power of suppliers

Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2023 and 2028

5.4 Threat of new entrants

Exhibit 26: Threat of new entrants – Impact of key factors in 2023 and 2028

5.5 Threat of substitutes

Exhibit 27: Threat of substitutes – Impact of key factors in 2023 and 2028

5.6 Threat of rivalry

Exhibit 28: Threat of rivalry – Impact of key factors in 2023 and 2028

5.7 Market condition

Exhibit 29: Chart on Market condition - Five forces 2023 and 2028

6 Market Segmentation by Type

6.1 Market segments

Exhibit 30: Chart on Type - Market share 2023-2028 (%)
Exhibit 31: Data Table on Type - Market share 2023-2028 (%)

6.2 Comparison by Type

Exhibit 32: Chart on Comparison by Type
Exhibit 33: Data Table on Comparison by Type

6.3 Open loop current sensors - Market size and forecast 2023-2028

Exhibit 34: Chart on Open loop current sensors - Market size and forecast 2023-2028 (USD billion)
Exhibit 35: Data Table on Open loop current sensors - Market size and forecast 2023-2028 (USD billion)
Exhibit 36: Chart on Open loop current sensors - Year-over-year growth 2023-2028 (%)
Exhibit 37: Data Table on Open loop current sensors - Year-over-year growth 2023-2028 (%)

6.4 Closed loop current sensors - Market size and forecast 2023-2028

Exhibit 38: Chart on Closed loop current sensors - Market size and forecast 2023-2028 (USD billion)
Exhibit 39: Data Table on Closed loop current sensors - Market size and forecast 2023-2028 (USD billion)
Exhibit 40: Chart on Closed loop current sensors - Year-over-year growth 2023-2028 (%)
Exhibit 41: Data Table on Closed loop current sensors - Year-over-year growth 2023-2028 (%)

6.5 Market opportunity by Type

Exhibit 42: Market opportunity by Type (USD billion)
Exhibit 43: Data Table on Market opportunity by Type (USD billion)

7 Market Segmentation by Technology

7.1 Market segments

Exhibit 44: Chart on Technology - Market share 2023-2028 (%)
Exhibit 45: Data Table on Technology - Market share 2023-2028 (%)

7.2 Comparison by Technology

Exhibit 46: Chart on Comparison by Technology
Exhibit 47: Data Table on Comparison by Technology

7.3 Hall effect - Market size and forecast 2023-2028

Exhibit 48: Chart on Hall effect - Market size and forecast 2023-2028 (USD billion)
Exhibit 49: Data Table on Hall effect - Market size and forecast 2023-2028 (USD billion)
Exhibit 50: Chart on Hall effect - Year-over-year growth 2023-2028 (%)
Exhibit 51: Data Table on Hall effect - Year-over-year growth 2023-2028 (%)

7.4 Current transformer - Market size and forecast 2023-2028

Exhibit 52: Chart on Current transformer - Market size and forecast 2023-2028 (USD billion)
Exhibit 53: Data Table on Current transformer - Market size and forecast 2023-2028 (USD billion)
Exhibit 54: Chart on Current transformer - Year-over-year growth 2023-2028 (%)
Exhibit 55: Data Table on Current transformer - Year-over-year growth 2023-2028 (%)

7.5 Flux gate - Market size and forecast 2023-2028

Exhibit 56: Chart on Flux gate - Market size and forecast 2023-2028 (USD billion)
Exhibit 57: Data Table on Flux gate - Market size and forecast 2023-2028 (USD billion)
Exhibit 58: Chart on Flux gate - Year-over-year growth 2023-2028 (%)
Exhibit 59: Data Table on Flux gate - Year-over-year growth 2023-2028 (%)

7.6 Rogowski coil - Market size and forecast 2023-2028

Exhibit 60: Chart on Rogowski coil - Market size and forecast 2023-2028 (USD billion)
Exhibit 61: Data Table on Rogowski coil - Market size and forecast 2023-2028 (USD billion)
Exhibit 62: Chart on Rogowski coil - Year-over-year growth 2023-2028 (%)
Exhibit 63: Data Table on Rogowski coil - Year-over-year growth 2023-2028 (%)

7.7 Market opportunity by Technology

Exhibit 64: Market opportunity by Technology (USD billion)
Exhibit 65: Data Table on Market opportunity by Technology (USD billion)

8 Customer Landscape

8.1 Customer landscape overview

Exhibit 66: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

9.1 Geographic segmentation

Exhibit 67: Chart on Market share by geography 2023-2028 (%)
Exhibit 68: Data Table on Market share by geography 2023-2028 (%)

9.2 Geographic comparison

Exhibit 69: Chart on Geographic comparison
Exhibit 70: Data Table on Geographic comparison

9.3 APAC - Market size and forecast 2023-2028

Exhibit 71: Chart on APAC - Market size and forecast 2023-2028 (USD billion)
Exhibit 72: Data Table on APAC - Market size and forecast 2023-2028 (USD billion)
Exhibit 73: Chart on APAC - Year-over-year growth 2023-2028 (%)
Exhibit 74: Data Table on APAC - Year-over-year growth 2023-2028 (%)

9.4 North America - Market size and forecast 2023-2028

Exhibit 75: Chart on North America - Market size and forecast 2023-2028 (USD billion)
Exhibit 76: Data Table on North America - Market size and forecast 2023-2028 (USD billion)
Exhibit 77: Chart on North America - Year-over-year growth 2023-2028 (%)
Exhibit 78: Data Table on North America - Year-over-year growth 2023-2028 (%)

9.5 Europe - Market size and forecast 2023-2028

Exhibit 79: Chart on Europe - Market size and forecast 2023-2028 (USD billion)
Exhibit 80: Data Table on Europe - Market size and forecast 2023-2028 (USD billion)
Exhibit 81: Chart on Europe - Year-over-year growth 2023-2028 (%)
Exhibit 82: Data Table on Europe - Year-over-year growth 2023-2028 (%)

9.6 South America - Market size and forecast 2023-2028

Exhibit 83: Chart on South America - Market size and forecast 2023-2028 (USD billion)
Exhibit 84: Data Table on South America - Market size and forecast 2023-2028 (USD billion)
Exhibit 85: Chart on South America - Year-over-year growth 2023-2028 (%)
Exhibit 86: Data Table on South America - Year-over-year growth 2023-2028 (%)

9.7 Middle East and Africa - Market size and forecast 2023-2028

Exhibit 87: Chart on Middle East and Africa - Market size and forecast 2023-2028 (USD billion)
Exhibit 88: Data Table on Middle East and Africa - Market size and forecast 2023-2028 (USD billion)
Exhibit 89: Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
Exhibit 90: Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)

9.8 US - Market size and forecast 2023-2028

Exhibit 91: Chart on US - Market size and forecast 2023-2028 (USD billion)
Exhibit 92: Data Table on US - Market size and forecast 2023-2028 (USD billion)
Exhibit 93: Chart on US - Year-over-year growth 2023-2028 (%)
Exhibit 94: Data Table on US - Year-over-year growth 2023-2028 (%)

9.9 China - Market size and forecast 2023-2028

Exhibit 95: Chart on China - Market size and forecast 2023-2028 (USD billion)
Exhibit 96: Data Table on China - Market size and forecast 2023-2028 (USD billion)
Exhibit 97: Chart on China - Year-over-year growth 2023-2028 (%)
Exhibit 98: Data Table on China - Year-over-year growth 2023-2028 (%)

9.10 Japan - Market size and forecast 2023-2028

Exhibit 99: Chart on Japan - Market size and forecast 2023-2028 (USD billion)
Exhibit 100: Data Table on Japan - Market size and forecast 2023-2028 (USD billion)
Exhibit 101: Chart on Japan - Year-over-year growth 2023-2028 (%)
Exhibit 102: Data Table on Japan - Year-over-year growth 2023-2028 (%)

9.11 Germany - Market size and forecast 2023-2028

Exhibit 103: Chart on Germany - Market size and forecast 2023-2028 (USD billion)
Exhibit 104: Data Table on Germany - Market size and forecast 2023-2028 (USD billion)
Exhibit 105: Chart on Germany - Year-over-year growth 2023-2028 (%)
Exhibit 106: Data Table on Germany - Year-over-year growth 2023-2028 (%)

9.12 France - Market size and forecast 2023-2028

Exhibit 107: Chart on France - Market size and forecast 2023-2028 (USD billion)
Exhibit 108: Data Table on France - Market size and forecast 2023-2028 (USD billion)
Exhibit 109: Chart on France - Year-over-year growth 2023-2028 (%)
Exhibit 110: Data Table on France - Year-over-year growth 2023-2028 (%)

9.13 Market opportunity by geography

Exhibit 111: Market opportunity by geography (USD billion)
Exhibit 112: Data Tables on Market opportunity by geography (USD billion)

10 Drivers, Challenges, and Trends

10.1 Market drivers

10.2 Market challenges

10.3 Impact of drivers and challenges

Exhibit 113: Impact of drivers and challenges in 2023 and 2028

10.4 Market trends

11 Vendor Landscape

11.1 Overview

11.2 Vendor landscape

Exhibit 114: Overview on Criticality of inputs and Factors of differentiation

11.3 Landscape disruption

Exhibit 115: Overview on factors of disruption

11.4 Industry risks

Exhibit 116: Impact of key risks on business

12 Vendor Analysis

12.1 Vendors covered

Exhibit 117: Vendors covered

12.2 Market positioning of vendors

Exhibit 118: Matrix on vendor position and classification

12.3 ABB Ltd.

Exhibit 119: ABB Ltd. - Overview
Exhibit 120: ABB Ltd. - Business segments
Exhibit 121: ABB Ltd. - Key offerings
Exhibit 122: ABB Ltd. - Segment focus

12.4 ACEINNA Inc.

Exhibit 123: ACEINNA Inc. - Overview
Exhibit 124: ACEINNA Inc. - Product / Service
Exhibit 125: ACEINNA Inc. - Key offerings

12.5 Allegro MicroSystems Inc.

Exhibit 126: Allegro MicroSystems Inc. - Overview
Exhibit 127: Allegro MicroSystems Inc. - Product / Service
Exhibit 128: Allegro MicroSystems Inc. - Key offerings

12.6 Analog Devices Inc.

Exhibit 129: Analog Devices Inc. - Overview
Exhibit 130: Analog Devices Inc. - Business segments
Exhibit 131: Analog Devices Inc. - Key news
Exhibit 132: Analog Devices Inc. - Key offerings
Exhibit 133: Analog Devices Inc. - Segment focus

12.7 Eaton Corp. Plc

Exhibit 134: Eaton Corp. Plc - Overview
Exhibit 135: Eaton Corp. Plc - Business segments
Exhibit 136: Eaton Corp. Plc - Key news
Exhibit 137: Eaton Corp. Plc - Key offerings
Exhibit 138: Eaton Corp. Plc - Segment focus

12.8 Honeywell International Inc.

Exhibit 139: Honeywell International Inc. - Overview
Exhibit 140: Honeywell International Inc. - Business segments
Exhibit 141: Honeywell International Inc. - Key news
Exhibit 142: Honeywell International Inc. - Key offerings
Exhibit 143: Honeywell International Inc. - Segment focus

12.9 Infineon Technologies AG

Exhibit 144: Infineon Technologies AG - Overview
Exhibit 145: Infineon Technologies AG - Business segments
Exhibit 146: Infineon Technologies AG - Key news
Exhibit 147: Infineon Technologies AG - Key offerings
Exhibit 148: Infineon Technologies AG - Segment focus

12.10 LEM Holding SA

Exhibit 149: LEM Holding SA - Overview
Exhibit 150: LEM Holding SA - Business segments
Exhibit 151: LEM Holding SA - Key offerings
Exhibit 152: LEM Holding SA - Segment focus

12.11 Melexis NV

Exhibit 153: Melexis NV - Overview
Exhibit 154: Melexis NV - Product / Service
Exhibit 155: Melexis NV - Key offerings

12.12 NK Technologies

Exhibit 156: NK Technologies - Overview
Exhibit 157: NK Technologies - Product / Service
Exhibit 158: NK Technologies - Key offerings

12.13 STMicroelectronics International N.V.

Exhibit 159: STMicroelectronics International N.V. - Overview
Exhibit 160: STMicroelectronics International N.V. - Business segments
Exhibit 161: STMicroelectronics International N.V. - Key news
Exhibit 162: STMicroelectronics International N.V. - Key offerings
Exhibit 163: STMicroelectronics International N.V. - Segment focus

12.14 Tamura Corp.

Exhibit 164: Tamura Corp. - Overview
Exhibit 165: Tamura Corp. - Product / Service
Exhibit 166: Tamura Corp. - Key offerings

12.15 TDK Corp.

Exhibit 167: TDK Corp. - Overview
Exhibit 168: TDK Corp. - Business segments
Exhibit 169: TDK Corp. - Key news
Exhibit 170: TDK Corp. - Key offerings
Exhibit 171: TDK Corp. - Segment focus

12.16 Texas Instruments Inc.

Exhibit 172: Texas Instruments Inc. - Overview
Exhibit 173: Texas Instruments Inc. - Business segments
Exhibit 174: Texas Instruments Inc. - Key news
Exhibit 175: Texas Instruments Inc. - Key offerings
Exhibit 176: Texas Instruments Inc. - Segment focus

12.17 Yageo Corp.

Exhibit 177: Yageo Corp. - Overview
Exhibit 178: Yageo Corp. - Business segments
Exhibit 179: Yageo Corp. - Key offerings
Exhibit 180: Yageo Corp. - Segment focus

13 Appendix

13.1 Scope of the report

13.2 Inclusions and exclusions checklist

Exhibit 181: Inclusions checklist
Exhibit 182: Exclusions checklist

13.3 Currency conversion rates for USUSD

Exhibit 183: Currency conversion rates for USUSD

13.4 Research methodology

Exhibit 184: Research methodology
Exhibit 185: Validation techniques employed for market sizing
Exhibit 186: Information sources

13.5 List of abbreviations

Exhibit 187: List of abbreviations

About US

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contact

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com/

SOURCE Technavio