Current Sensor Market | Allegro Microsystems, Koshin Electrin, ACEINNA, Asahi Kasei Microdevices, LEM International, Silicon Labs, and Melexis
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The current sensor market can be hampered by some factors such as manufacturing costs. New technologies, such as hall effect sensors, are comparatively expensive, limiting their adoption and affecting the market growth to some extent. The overall sensors market is highly fragmented and companies are focusing on competitive pricing strategies to gain a higher market share. This has a considerable impact on the profitability in the market, which is another factor hindering the growth of the market.
Current Sensor Market size is expected to have modest growth over the forecast period owing to demand for these sensors in several application areas including battery-operated devices, energy, telecommunication, consumer electronics, industrial, and renewable energy applications. The current sensing has gained vital importance in instrumentation and power systems as it can be used to enhance & monitor the performance of the system.
Major players in the current sensor market :
o Allegro Microsystems
o Koshin Electrin
o Asahi Kasei Microdevices
o LEM International
o Silicon Labs
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