Press release
THE GLOBAL HALL-EFFECT CURRENT SENSOR MARKET WAS VALUED AT USD 842.02 MILLION IN 2016 AND IS PROJECTED TO REACH USD 1763.40 MILLION BY 2025 TOP KEY PLAYERS ARE . ABB LTD , ASAHI KASEI MICRODEVICES CORPORATION , HONEYWELL INTERNATIONAL INC. , LEM HOLDING S
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Sample Infographics:
Market Dynamics:
1. Market Drivers
1.1 Increasing need for energy management for urbanization and industrialization
1.2 Used in eco-friendly electric and hybrid vehicles
1.3 Increasing demand for intelligent hall-effect current sensors
1.4 Rising use of fully integrated and programmable current sensors
1.5 Technological enhancements in hall-effect current sensors
2. Market Restraints
2.1 Rising demand for low-cost hall-effect current sensors
2.2 Issues with the strength of magnetic fields
Market Segmentation:
The Global Hall-Effect Current Sensor Market is segmented on the type, technology, output, vertical, and region.
1. Type:
1.1 Closed-Loop Current Sensor
1.2 Open-Loop Current Sensor
2. By Technology:
2.1 CMOS
2.2 BiCMOS
3. By Output:
3.1 Threshold
3.2 Linear
4. By Vertical:
4.1 Railways
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4.2 Consumer Electronics
4.3 Aerospace & Defense
4.4 Industrial Automation
4.5 Telecommunication
4.6 Utilities
4.7 Automotive
4.8 Medical
5. By Region:
5.1 North America (U.S., Canada, Mexico)
5.2 Europe (Germany, UK, France, Rest of Europe)
5.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
5.4 Latin America (Brazil, Argentina, Rest of Latin America)
5.5 Middle East & Africa
Competitive Landscape:
The major players in the market are as follows:
1. Infineon Technologies AG
2. ABB Ltd
3. Asahi Kasei Microdevices Corporation
4. Honeywell International Inc.
5. LEM Holding SA
6. Kohshin Electric Corporation
7. Melexis NV
8. Allegro MicroSystems, LLC.
9. Stmicroelectronics N.V.
10. TDK Corporation
11. Pulse Electronics Corporation
These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
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