Current Sensor Market Size to grow at a CAGR of 10.8% by 2026 - PowerPoint PPT Presentation

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Current Sensor Market Size to grow at a CAGR of 10.8% by 2026

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Current Sensor Market with COVID-19 Impact Analysis by Loop Type (Closed Loop and Open Loop), Technology (Isolated and Non-Isolated Current Sensors), Output Type (Analog and Digital), End-User, and Geography - Global Forecast to 2026 – PowerPoint PPT presentation

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Title: Current Sensor Market Size to grow at a CAGR of 10.8% by 2026


1
MarketsandMarkets Presents
The Global Current Sensor Market is expected to
grow from USD 2.3 billion in 2021 to USD 3.8
billion by 2026 it is expected to grow at a CAGR
of 10.8 during 20212026. Key factors fueling
this markets growth include growing use of
battery-powered systems and increasing focus on
renewable energy, high adoption of Hall-effect
current sensors, and increasing demand in
consumer electronics industry. Deployment of IoT
and IIoT with current sensors and increasing
manufacturing of hybrid and electric cars create
a strong demand for current sensor for efficient
industrial operations in the midst of COVID-19.
2
MarketsandMarkets Presents
Isolated Current Sensor is expected to gain a
significant share of Current Sensor Market by
2026 The Isolated Current Sensor is expected to
account for the larger share of the Current
Sensor Market by 2026. The growth of the segment
can be attributed to the increasing demand for
magnetic current sensors worldwide due to their
usability in a wide range of applications.
3
MarketsandMarkets Presents
Isolated Current Sensor is expected to gain a
significant share of Current Sensor Market by
2026 Moreover, the isolation of current sensing
circuitry is needed for technical and regulatory
reasons in many applications, such as
line-operated industrial and commercial motors,
electric/hybrid electric vehicles (EVs/HEVs),
solar arrays, home energy metering, and many
other less-visible applications, where high
voltages and currents are common. Download PDF
Sample _at_ https//www.marketsandmarkets.com/pdfdown
loadNew.asp?id26656433
4
MarketsandMarkets Presents
Based on End User, consumer electronics to
witness the highest CAGR in Current Sensor Market
during 20212026 The Current Sensor Market for
consumer electronics segment is expected to grow
with the highest CAGR during the forecast period.
The consumer electronics segment includes home
appliances, smartwatches, tablets, smartphones,
etc. Sensors play an important role in improving
the performance of a range of consumer electronic
devices and creating effective humanmachine
interfaces. As technologies used in consumer
electronics are evolving, smart consumer
electronics devices are being manufactured,
thereby leading to an improved lifestyle of
people. Current sensors are expected to witness
high adoption in consumer electronic devices in
the coming years.
5
MarketsandMarkets Presents
Current Sensor Market in APAC to grow at the
highest CAGR during the forecast period The
Current Sensor Market in APAC is expected to grow
at the highest CAGR during the forecast period
attributed to the increased use of these sensors
in the automotive, building automation, energy,
and manufacturing industries. APAC is one of the
important regions for the automotive industry due
to increased passenger car manufacturing and
sales in various countries such as China, Japan,
and South Korea. The growing adoption of isolated
current sensors for electric and hybrid vehicles
in the automotive industry is driving the growth
of the market for current sensors in APAC.
6
MarketsandMarkets Presents
Key Players Key Players in the market include
Asahi Kasei Microdevices (AKM) (Japan), ACEINNA
(US), Melexis (Belgium), Allegro MicroSystems
(US), TDK Corporation (Japan), LEM International
(Switzerland), Infineon Technologies (Germany),
Tamura Corp. (Japan), Texas Instruments (US), and
Honeywell (US). These players are increasingly
undertaking product launches and developments,
acquisitions, partnerships, and expansions, to
increase their market shares. Browse For More
Details - https//www.marketsandmarkets.com/Market
-Reports/current-sensor-market-26656433.html
7
MarketsandMarkets Presents
About MarketsandMarkets MarketsandMarkets
provides quantified B2B research on 30,000 high
growth niche opportunities/threats which will
impact 70 to 80 of worldwide companies
revenues. Currently servicing 7500 customers
worldwide including 80 of global Fortune 1000
companies as clients. Almost 75,000 top officers
across eight industries worldwide approach
MarketsandMarkets for their painpoints around
revenues decisions. MarketsandMarketss flagship
competitive intelligence and market research
platform, "Knowledgestore" connects over 200,000
markets and entire value chains for deeper
understanding of the unmet insights along with
market sizing and forecasts of niche markets.
8
MarketsandMarkets Presents
Contact Mr. Aashish Mehra MarketsandMarkets
INC. 630 Dundee Road Suite 430 Northbrook, IL
60062 USA 1-888-600-6441 Email
sales_at_marketsandmarkets.com Visit Our Website
https//www.marketsandmarkets.com Content
Source https//www.marketsandmarkets.com/PressRel
eases/current-sensor.asp
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