Hall-Effect Current Sensor Market Globally Grow at a CAGR of 10.1% by 2026 | Top Key Company’s - Stmicroelectronics N.V., Honeywell, ABB, Melexis NV, Allegro MicroSystems, TDK, Asahi Kasei Microdevices

Marketprognosis.com Publish a New Market Research Report On “Hall-Effect Current Sensor - Global Market Outlook (2017-2026)” which contains global key player’s survey information and forecast to 2026.

Overview of the Global Hall-Effect Current Sensor Market:

The Global Hall-Effect Current Sensor market is accounted for $750.7 Million in 2017 and is expected to reach $ 1771.68 Million by 2026 growing at a CAGR of 10.1%. Factors such as increasing demand for intelligent hall-effect sensors, rising need for programmable and integrated sensors, continuous improvements in galvanic isolation-based hall-effect current sensors are some of the factors fuelling the market. Moreover, increasing use of energy management towards rapid urbanization and industrialization and Hall Effect sensors showing potential benefits in automotive industry are some of the opportunities during the forecast period. However, huge manufacturing cost of these sensors and rising demand for less expensive hall-effect current sensors are hampering the growth of the market.

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A Hall Effect sensor is a transducer that varies its output voltage in response to a magnetic field. Hall Effect sensors are used for proximity switching, positioning, speed detection, and current sensing applications. These sensors are used to measure DC current, AC current, and even pulsed current waveforms. Hall sensors are commonly used to time the speed of wheels and shafts, such as for internal combustion engine ignition timing, tachometers and anti-lock braking systems. They are used in brushless DC electric motors to detect the position of the permanent magnet. Transducers are designed to sense the primary current flowing through them and provide an output signal that is proportional to the measured primary current.

Regionally, Asia Pacific is dominating the market and the factors favouring the growth of this region are increasing demand for cloud connectivity, immense growth of these sensors from developing countries such as Japan, China and India.

Major Key Players:

1 Stmicroelectronics N.V.

2 Honeywell International Inc.

3 ABB Ltd

4 Melexis NV

5 Allegro MicroSystems, LLC (Sanken Electric Co., Ltd.)

6 TDK Corporation

7 Asahi Kasei Microdevices and More……………..

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Market Segment by Technologies:

1 CMOS

2 BiCMOS

Market Segment by Types:

1 Closed-Loop Hall-Effect Current Sensor

2 Open-Loop Hall-Effect Current Sensor

Market Segment by Outputs:

1 Threshold (Digital) Hall-Effect Current Sensor

2 Linear (Analog) Hall-Effect Current Sensor

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This study answers to the below key questions:

1 What will the market size be in 2026 and what will the growth rate be?

2 What are the key market trends?

3 What is driving this market?

4 What are the challenges to market growth?

5 Who are the key vendors in this market space?

6 What are the market opportunities and threats faced by the key vendors?

7 What are the strengths and weaknesses of the key vendors?

In the end, this report covers data and information on capacity and production overview, production, market share analysis, sales overview, supply, sales, and shortage, import, export and consumption as well as cost, price, revenue and gross margin of Hall-Effect Current Sensor Market.

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This release was published on openPR.