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

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.
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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.
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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.

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Current Sensor Market 2024-2028 : Segmentation

Current Sensor Market is segmented as below:

Type Open Loop Current SensorsClosed Loop Current SensorsTechnology Hall EffectCurrent TransformerFlux GateRogowski CoilGeography APACNorth AmericaEuropeSouth AmericaMiddle 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 sizeCurrent Sensor Market trendsCurrent 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 overviewExhibit 01: Executive Summary – Chart on Market OverviewExhibit 02: Executive Summary – Data Table on Market OverviewExhibit 03: Executive Summary – Chart on Global Market CharacteristicsExhibit 04: Executive Summary – Chart on Market by GeographyExhibit 05: Executive Summary – Chart on Market Segmentation by TypeExhibit 06: Executive Summary – Chart on Market Segmentation by TechnologyExhibit 07: Executive Summary – Chart on Incremental GrowthExhibit 08: Executive Summary – Data Table on Incremental GrowthExhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

2.1 Market ecosystemExhibit 10: Parent marketExhibit 11: Market Characteristics

3 Market Sizing

3.1 Market definitionExhibit 12: Offerings of vendors included in the market definition3.2 Market segment analysisExhibit 13: Market segments3.3 Market size 20233.4 Market outlook: Forecast for 2023-2028Exhibit 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 – 2022Exhibit 18: Historic Market Size – Data Table on global current sensor market 2018 – 2022 (USD billion)4.2 Type Segment Analysis 2018 – 2022Exhibit 19: Historic Market Size – Type Segment 2018 – 2022 (USD billion)4.3 Technology Segment Analysis 2018 – 2022Exhibit 20: Historic Market Size – Technology Segment 2018 – 2022 (USD billion)4.4 Geography Segment Analysis 2018 – 2022Exhibit 21: Historic Market Size – Geography Segment 2018 – 2022 (USD billion)4.5 Country Segment Analysis 2018 – 2022Exhibit 22: Historic Market Size – Country Segment 2018 – 2022 (USD billion)

5 Five Forces Analysis

5.1 Five forces summaryExhibit 23: Five forces analysis – Comparison between 2023 and 20285.2 Bargaining power of buyersExhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2023 and 20285.3 Bargaining power of suppliersExhibit 25: Bargaining power of suppliers – Impact of key factors in 2023 and 20285.4 Threat of new entrantsExhibit 26: Threat of new entrants – Impact of key factors in 2023 and 20285.5 Threat of substitutesExhibit 27: Threat of substitutes – Impact of key factors in 2023 and 20285.6 Threat of rivalryExhibit 28: Threat of rivalry – Impact of key factors in 2023 and 20285.7 Market conditionExhibit 29: Chart on Market condition – Five forces 2023 and 2028

6 Market Segmentation by Type

6.1 Market segmentsExhibit 30: Chart on Type – Market share 2023-2028 (%)Exhibit 31: Data Table on Type – Market share 2023-2028 (%)6.2 Comparison by TypeExhibit 32: Chart on Comparison by TypeExhibit 33: Data Table on Comparison by Type6.3 Open loop current sensors – Market size and forecast 2023-2028Exhibit 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 2023-2028Exhibit 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 TypeExhibit 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 segmentsExhibit 44: Chart on Technology – Market share 2023-2028 (%)Exhibit 45: Data Table on Technology – Market share 2023-2028 (%)7.2 Comparison by TechnologyExhibit 46: Chart on Comparison by TechnologyExhibit 47: Data Table on Comparison by Technology7.3 Hall effect – Market size and forecast 2023-2028Exhibit 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 2023-2028Exhibit 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 2023-2028Exhibit 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 2023-2028Exhibit 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 TechnologyExhibit 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 overviewExhibit 66: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

9.1 Geographic segmentationExhibit 67: Chart on Market share by geography 2023-2028 (%)Exhibit 68: Data Table on Market share by geography 2023-2028 (%)9.2 Geographic comparisonExhibit 69: Chart on Geographic comparisonExhibit 70: Data Table on Geographic comparison9.3 APAC – Market size and forecast 2023-2028Exhibit 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 2023-2028Exhibit 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 2023-2028Exhibit 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 2023-2028Exhibit 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 2023-2028Exhibit 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 2023-2028Exhibit 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 2023-2028Exhibit 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 2023-2028Exhibit 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 2023-2028Exhibit 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 2023-2028Exhibit 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 geographyExhibit 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 drivers10.2 Market challenges10.3 Impact of drivers and challengesExhibit 113: Impact of drivers and challenges in 2023 and 202810.4 Market trends

11 Vendor Landscape

11.1 Overview11.2 Vendor landscapeExhibit 114: Overview on Criticality of inputs and Factors of differentiation11.3 Landscape disruptionExhibit 115: Overview on factors of disruption11.4 Industry risksExhibit 116: Impact of key risks on business

12 Vendor Analysis

12.1 Vendors coveredExhibit 117: Vendors covered12.2 Market positioning of vendorsExhibit 118: Matrix on vendor position and classification12.3 ABB Ltd.Exhibit 119: ABB Ltd. – OverviewExhibit 120: ABB Ltd. – Business segmentsExhibit 121: ABB Ltd. – Key offeringsExhibit 122: ABB Ltd. – Segment focus12.4 ACEINNA Inc.Exhibit 123: ACEINNA Inc. – OverviewExhibit 124: ACEINNA Inc. – Product / ServiceExhibit 125: ACEINNA Inc. – Key offerings12.5 Allegro MicroSystems Inc.Exhibit 126: Allegro MicroSystems Inc. – OverviewExhibit 127: Allegro MicroSystems Inc. – Product / ServiceExhibit 128: Allegro MicroSystems Inc. – Key offerings12.6 Analog Devices Inc.Exhibit 129: Analog Devices Inc. – OverviewExhibit 130: Analog Devices Inc. – Business segmentsExhibit 131: Analog Devices Inc. – Key newsExhibit 132: Analog Devices Inc. – Key offeringsExhibit 133: Analog Devices Inc. – Segment focus12.7 Eaton Corp. PlcExhibit 134: Eaton Corp. Plc – OverviewExhibit 135: Eaton Corp. Plc – Business segmentsExhibit 136: Eaton Corp. Plc – Key newsExhibit 137: Eaton Corp. Plc – Key offeringsExhibit 138: Eaton Corp. Plc – Segment focus12.8 Honeywell International Inc.Exhibit 139: Honeywell International Inc. – OverviewExhibit 140: Honeywell International Inc. – Business segmentsExhibit 141: Honeywell International Inc. – Key newsExhibit 142: Honeywell International Inc. – Key offeringsExhibit 143: Honeywell International Inc. – Segment focus12.9 Infineon Technologies AGExhibit 144: Infineon Technologies AG – OverviewExhibit 145: Infineon Technologies AG – Business segmentsExhibit 146: Infineon Technologies AG – Key newsExhibit 147: Infineon Technologies AG – Key offeringsExhibit 148: Infineon Technologies AG – Segment focus12.10 LEM Holding SAExhibit 149: LEM Holding SA – OverviewExhibit 150: LEM Holding SA – Business segmentsExhibit 151: LEM Holding SA – Key offeringsExhibit 152: LEM Holding SA – Segment focus12.11 Melexis NVExhibit 153: Melexis NV – OverviewExhibit 154: Melexis NV – Product / ServiceExhibit 155: Melexis NV – Key offerings12.12 NK TechnologiesExhibit 156: NK Technologies – OverviewExhibit 157: NK Technologies – Product / ServiceExhibit 158: NK Technologies – Key offerings12.13 STMicroelectronics International N.V.Exhibit 159: STMicroelectronics International N.V. – OverviewExhibit 160: STMicroelectronics International N.V. – Business segmentsExhibit 161: STMicroelectronics International N.V. – Key newsExhibit 162: STMicroelectronics International N.V. – Key offeringsExhibit 163: STMicroelectronics International N.V. – Segment focus12.14 Tamura Corp.Exhibit 164: Tamura Corp. – OverviewExhibit 165: Tamura Corp. – Product / ServiceExhibit 166: Tamura Corp. – Key offerings12.15 TDK Corp.Exhibit 167: TDK Corp. – OverviewExhibit 168: TDK Corp. – Business segmentsExhibit 169: TDK Corp. – Key newsExhibit 170: TDK Corp. – Key offeringsExhibit 171: TDK Corp. – Segment focus12.16 Texas Instruments Inc.Exhibit 172: Texas Instruments Inc. – OverviewExhibit 173: Texas Instruments Inc. – Business segmentsExhibit 174: Texas Instruments Inc. – Key newsExhibit 175: Texas Instruments Inc. – Key offeringsExhibit 176: Texas Instruments Inc. – Segment focus12.17 Yageo Corp.Exhibit 177: Yageo Corp. – OverviewExhibit 178: Yageo Corp. – Business segmentsExhibit 179: Yageo Corp. – Key offeringsExhibit 180: Yageo Corp. – Segment focus

13 Appendix

13.1 Scope of the report13.2 Inclusions and exclusions checklistExhibit 181: Inclusions checklistExhibit 182: Exclusions checklist13.3 Currency conversion rates for USUSDExhibit 183: Currency conversion rates for USUSD13.4 Research methodologyExhibit 184: Research methodologyExhibit 185: Validation techniques employed for market sizingExhibit 186: Information sources13.5 List of abbreviationsExhibit 187: List of abbreviations

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