Hall-Effect Current Sensor Market Trends By Key Players: American Aerospace Controls, ABB, Magnesensor Technology, Sanken Electric Company, Honeywell International, Vacuumschmelze GmbH, KG, Pulse Electronics Corporation

Market Overview: -

Hall-Effect Current Sensor Market set to grow steadily over the forecast timeline. The growing demand can be attributed to the advantages offered such as extremely low power consumption and the property of these devices to reduce the current consumption from milliamps to microamps. The ongoing technological developments are the major factors fueling the hall-effect current sensor market. For instance, in September 2017, Silicon Labs unveiled the Si72xx products, which enhance the sensitivity and power efficiency and are designed to resist harsh industrial environments.

Increasing demand for fully integrated and programmable sensors is anticipated to drive the hall-effect current sensor market growth. Owing to their applications in current sensing, speed detection, positioning, and proximity switching, they play a key role in several industries. Galvanic isolation-based devices are used for both DC and AC measurements and feature zero-voltage loss. These benefits play a significant role in driving the hall-effect current sensor market.

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Top Key Players: -

Companies operating in the hall-effect current sensor market are American Aerospace Controls, ABB Ltd., Magnesensor Technology, Sanken Electric Company Ltd., Honeywell International, Inc., Vacuumschmelze GmbH & Co., KG, Pulse Electronics Corporation, Infineon Technologies AG, Kohshin Electric Corporation, Asahi Kasei Microdevices Corporation, HARTING Technology Group, Melexis NV, and Electrohms Private Limited.

Market share calculation in this report is not done based on companies covered in it. The calculation of hall-effect current sensor market share is done based on a regional approach and countries covered. On request, additional companies can be covered as well as regional data for particular country / countries can be provided.

Regional Segmentation: -

The Asia Pacific hall-effect current sensor market is projected to dominate the industry over the forecast timespan. This growth can be attributed to the increasing need for power management in growing economies including Japan, South Korea, India, and China.

The expanding cloud connectivity systems have led to the increasing adoption of Industrial Internet of Things (IIoT) based devices in this region. The rise in the number of consumer electronics and automotive industries in Asia Pacific is propelling the industry growth.

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The hall-effect current sensor market is classified into CMOS and BiCMOS technology. The BiCMOS technology reduces the density of the integrated circuit and enhances the operations by improving the speed. It also features low input density, high current drive per unit, and high-power dissipation as compared to CMOS. It led to an increased demand for BiCMOS technology based products in various industries such as automotive and consumer electronics.

The hall-effect current sensor market is segmented into open-loop and closed loop. The closed-loop devices are projected to grow at a high rate owing to their applications in critical industries such as aerospace, defense, automotive, and medical. Features such as higher accuracy and faster response time have led to an increase in the adoption. Open loop systems are prone to temperature drift & saturation and are less immune to electrical noise as compared to closed-loop sensors.

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