Press release
Hall-Effect Current Sensor Market Size(Volume & Value), Growth and Development Trends 2017-2025
The main objective of this report is to define, describe, and forecast the global “Hall-Effect Current Sensor ” market on the basis of types of applications, major sectors, deployment models, organization size, and regions. The report contains an analysis of the major factors influencing the growth of the market (drivers, restraints, opportunities, and challenges). It aims to strategically analyze the micromarkets with respect to individual growth trends, prospects, and their contribution to the market. The report attempts to forecast the market size for 5 major regions, namely, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and Latin America. It contains key vendor profiles and comprehensively analyzes their core competencies. The report also tracks and analyzes competitive developments, including partnerships, collaborations, acquisitions, new product developments, and R&D activities in the market.
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Hall Effect current sensors can be used to measure DC current, AC current, and even pulsed current waveforms. Transducers are designed to sense the primary current flowing through them and provide an output signal that is proportional to the measured primary current. In an open-loop type sensor, the output is a scaled (polarity and magnitude) voltage level. In a closed-loop type sensor, the output is a scaled (polarity and magnitude) current level. Applications for Hall Effect current transducers include battery management circuits, battery chargers, arc welders, uninterruptible power supplies (UPS), and inverters.
The Hall effect current sensor market is expected to expand at a higher growth rate in the near future due to the increasing usage of fully integrated and programmable current sensors, technological advancements of different technologies in market, advantage of galvanic isolation-based Hall effect current sensors, and the increasing demand for intelligent Hall effect current sensors.
The industrial segment witnesses a rising need for current measurement, which has created a demand for Hall Effect current sensors. Industrial automation is expected to hold a major share of the global hall-effect current sensor market. There are different departments in automation industry where current sensors are utilized such as solar inverters, machinery, conveyor belts, robots, motor current sensing, solar panel tracking, moving cranes, and even in smart metering.
Key drivers of the hall-effect current sensor market include new technological advancements and increased usage and demand for programmable and integrated sensors. Different advantages isolation-based galvanic hall-effect current sensors. The most important sensor driving this market is intelligent hall-effect current sensors. The development strategies implemented by the players operating in the hall-effect current sensors market, such as contracts and agreements, partnerships, product developments and expansions; increases demand for intelligent Hall-Effect sensors and as open-loop current sensors provides different advantages such as protection of devices from over current and control of motor drives. However, the major restraining factor affecting the market is the demand for low-cost hall-effect current sensors, as it provides various advantages and facilities, the manufacturing cost is high.
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The hall-effect current sensor market can be segmented based on output, type, technology, industry, and geography. Based on output, the market is segregated into linear and threshold. In terms of technology, the market can be segmented into BiCMOS and CMOS. Based on type, the hall-effect current sensor market can be segmented into open loop current sensor and closed-loop current sensor. Furthermore, in terms of industry, the hall-effect current sensor market can be categorized into automotive, consumer electronics, telecommunication, utilities medical, railways and aerospace & defense. Based on geography, the market is also segmented into Asia Pacific (APAC), North America, Europe, and Rest of the world (ROW)
The open-loop current sensor segment is expected to hold a prominent share of the hall-effect current sensor market during the forecast period, as open-loop current sensor provides protection for devices from overcurrent and manages power including control of motor drives, current control, battery management, converter control and overcurrent protection for automotive industry, the open-loop current sensor segment is expected to hold a larger share of the overall hall-effect current sensor market. Moreover, the demand for the sensor is increasing due to its compact size. Its Open-loop current sensor also provides AC/DC and impulse current measurement, high level of electric isolation between primary and secondary circuits, low power consumption, and large primary aperture.
The key players operating in the hall-effect current sensor markets are ABB Ltd., Allegro Microsystems, Llc. (Sanken Electric Co., Ltd.), American Aerospace Controls, Asahi Kasei Microdevices Corporation, Electrohms Pvt Ltd, Honeywell International Inc., Infineon Technologies Ag Kohshin Electric Corporation, Lem Holding Sa, Magnesensor Technology (Mst), Melexis Nv, Pulse Electronics Corporation, Stmicroelectronics N.V.,TDK Corporation, and Vacuumschmelze Gmbh & Co.
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
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The study is a source of reliable data on:
Market segments and sub-segments
Market trends and dynamics
Supply and demand
Market size
Current trends/opportunities/challenges
Competitive landscape
Technological breakthroughs
Value chain and stakeholder analysis
The regional analysis covers:
North America (U.S. and Canada)
Latin America (Mexico, Brazil, Peru, Chile, and others)
Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
Eastern Europe (Poland and Russia)
Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
Highlights of the report:
A complete backdrop analysis, which includes an assessment of the parent market
Important changes in market dynamics
Market segmentation up to the second or third level
Historical, current, and projected size of the market from the standpoint of both value and volume
Reporting and evaluation of recent industry developments
Market shares and strategies of key players
Emerging niche segments and regional markets
An objective assessment of the trajectory of the market
Recommendations to companies for strengthening their foothold in the market
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