Global Industrial Current Sensor Market 2017-2021: Key Vendors are Honeywell, Infineon Technologies, Eaton & Allegro MicroSystems

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Jul 27, 2017, 08:15 ET

DUBLIN, July 27, 2017 /PRNewswire/ --

The "Global Industrial Current Sensor Market 2017-2021" report has been added to Research and Markets' offering.

The global industrial current sensor market to grow at a CAGR of 9.58% during the period 2017-2021.

The report, Global Industrial Current Sensor Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

The latest trend gaining momentum in the market is rising adoption of IIoT. The IIoT enables a large number of sensors to get connected to the overall industrial facility through the cloud technology. With the help of the IIoT, many current sensors that are deployed in different points within an industry can be integrated as one unit, as the response generated by each sensor is obtained at one place. Through smart current sensors, applications carried out in harsh atmospheres can be analyzed properly to derive meaningful information. Smart sensors enable operations to be carried out with less downtime, they minimize the lead-time, reduce inventory level, and enable better efficiency in processes.

According to the report, one of the major drivers for this market is current sensors are easy to integrate with existing applications. Current sensors are small and easy to integrate into equipment. Industries do not need any additional devices to measure current if they have deployed current sensors. These sensors are sufficient to calculate and regulate current efficiently. Therefore, there is no additional space required for mounting many devices on an equipment. Without changing the existing infrastructure, these sensors can also be mounted easily on an equipment placed in remote areas of industries. Current sensors are easily switchable from one version to another. This makes it convenient for end-users to retain their existing infrastructure or processes and accommodate any current sensor available in the market seamlessly into the operations.

Key vendors

Honeywell
Infineon Technologies
Eaton
Allegro MicroSystems

Other prominent vendors

Shenzhen Socan Technology
Pewatron
Vaccumschmelze
VPInstruments
DENT Instruments
J&D

Key Topics Covered:

PART 01: Executive summary

PART 02: Scope of the report

PART 03: Research Methodology

PART 04: Introduction

PART 05: Market landscape

PART 06: Market segmentation by end-user

PART 07: Market segmentation by product type

PART 08: Market segmentation by technology

PART 09: Geographical segmentation

PART 10: Decision framework

PART 11: Drivers and challenges

PART 12: Market trends

PART 13: Vendor landscape

PART 14: Key vendor analysis

PART 15: Appendix

For more information about this report visit https://www.researchandmarkets.com/research/vxgwc9/global_industrial

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