Press release
Current Sensor Market Emerging Trends and Competitive Landscape Forecast To 2026 - Allegro MicroSystems, TDK Corporation, Silicon Laboratories, Aceinna, and Infineon Technologies AG
Current Sensor Market
Europe current sensor market share is estimated to register growth rate of 5% through 2026 on account of the imposition of stringent safety and emission laws, that are fueling the adoption of e-mobility across the region. The European Commission has set an ambitious carbon emission reduction objective for the transport sector by the end of 2050. This is likely to bring major surge in penetration of electric vehicles in transportation sector over 2030-2050.
Get sample copy of this research report @ https://www.gminsights.com/request-sample/detail/4120
The emergence of anisotropic magneto-resistive sensors and technological advancement in coreless architecture are the kay factors propelling current sensor production. Magneto resistive current sensor offer high linearity suitable for industrial and data center applications including switching power supplies, photovoltaics, uninterruptible power supplies, along with offering low hysteresis and low output noise in operations. In 2019, magneto resistive technology accounted for 5% of the overall share and is estimated to showcase growth rate of 8% over the next few years.
Moreover, the industry is expected to witness tremendous revenue growth over the projected time period owing to increasing adoption of electric vehicles. According to LME (London Metal Exchange), the global EV adoption rate is slated to go up to approximately 10-12.5% by 2025, a significant rise from the current 2% adoption rate. Current sensors witness extensive use in the electric vehicles industry, specifically in the vehicle charging infrastructure. With many developed economies offering tax benefits to promote adoption of electric vehicles and promote environmental sustainability, current sensor market size would increase significantly.
Battery management is witnessing major demand due to rising application scope in automotive sector in EVs, automotive circuit protection systems and EV-charging stations. Rising adoption electric vehicles, plug-in Hybrid Vehicles and hybrid electric vehicles requiring rechargeable batteries will boost the deployment of battery management systems. Current sensor industry share from battery management application is set to grow at 5% CAGR through 2026.
Speaking of companies, current sensor market giants are focusing on consolidating their foothold in the industry landscape to capitalize on the projected revenue opportunities from the Industry 4.0 trend. Taking June 2020 for instance, Allegro Microsystems, a renowned sensing solutions provider for energy-efficient systems, reportedly launched a series of the advanced hall-effect current sensors, ACS37002.
The competitive landscape of the global current sensor market is inclusive of players such as Honeywell International Inc., Infineon Technologies, Aceinna, Silicon Laboratories, and TDK Corporation among others.
Request for customization @ https://www.gminsights.com/roc/4120
Partial Chapter of the Table of Content
Chapter 5. Current Sensor Market, By Type (Revenue, Shipment)
5.1. Key trends, by type
5.2. Closed loop
5.2.1. Market estimates and forecast, 2016 - 2026
5.3. Open loop
5.3.1. Market estimates and forecast, 2016 - 2026
Chapter 6. Current Sensor Market, By Technology (Revenue, Shipment)
6.1. Key trends, by technology
6.2. MEMS
6.2.1. Market estimates and forecast, 2016 – 2026
6.3. Hall-effect
6.3.1. Market estimates and forecast, 2016 – 2026
6.4. Shunt
6.4.1. Market estimates and forecast, 2016 – 2026
6.5. Fluxgate
6.5.1. Market estimates and forecast, 2016 – 2026
6.6. Magneto-resistive
Browse full table of contents (TOC) of this report @ https://www.gminsights.com/toc/detail/current-sensor-market
Contact Us
Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
About Global Market Insights:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Current Sensor Market Emerging Trends and Competitive Landscape Forecast To 2026 - Allegro MicroSystems, TDK Corporation, Silicon Laboratories, Aceinna, and Infineon Technologies AG here
News-ID: 2283992 • Views: …
More Releases from Global Market Insights Inc.
Latest Research Report On Agricultural Adjuvants Market 2021. Major Players Incl …
The agricultural adjuvants market is expected to observe noteworthy growth on account of increasing demand for high-quality crops. Adjuvants commonly act as an additive in pesticides that increase its effectiveness and smoothen its mixing application.
The demand for plant protection products in countries like Bangladesh, India, and Vietnam has surged considerably in recent years. Ever-increasing population across developing economies has forced farmers to produce large quantities of high-quality yields. Citing…
U.S. Minoxidil Market 2021 Growth Opportunities and Competitive Landscape 2027 - …
The U.S. minoxidil industry has been impacted by the COVID-19 pandemic in the form of increased stress amid job losses and health issues, creating rising incidences of hair fall and associated problems. The industry is expected to gain commendable proceeds on account of an upsurge in research studies concerned with the effectiveness of minoxidil.
Citing one such instance, in January 2021, a study published in the Dermatologic Therapy supported the efficacy…
Global Sulfosuccinate Market 2021 Future Growth With Technology and Current Tren …
Owing to these factors, estimates have revealed that the global sulfosuccinate market size will exceed USD 475.7 million in annual estimation by 2024.
Increasing adoption of high-performance materials that meet application-specific requirements across various industries, including pharmaceuticals will stimulate the need for sulfosuccinate compounds. The surging disposable incomes of consumers mainly across the developing nations have also fueled their spending capacities on household and personal care.
Sulfosuccinates are mainly a mild type…
By 2026, Graphene Market will register over 35% CAGR | Applied Nanotech, Inc, an …
The global Graphene Market is slated to gain significant momentum over the forthcoming years, as a result of the growing product consumption in the electronics sector, particularly in developing countries. This high consumption can be attributed to its superior qualities such as high electrical conductivity, durability, and toughness.
Request a sample of this research report @
https://www.gminsights.com/request-sample/detail/233
Top Key Players in The Market are:
Graphenea S.A., Applied Graphene Materials plc, ACS…
More Releases for Current
Current Sensor Market Current Status and Future Prospects till 2031
"
Current Sensor Market Definition, With Current Market Values
The current sensor market refers to the industry focused on devices designed to measure the flow of electric current in a circuit. These sensors can be used in various applications such as automotive, industrial, consumer electronics, and energy management systems. The market is expanding due to increasing demand for energy-efficient solutions and the growth of electric vehicles. As of 2023, the global current…
Current Transducer Market Current Status and Future Prospects till 2031
𝐔𝐒𝐀, 𝐍𝐞𝐰 𝐉𝐞𝐫𝐬𝐞𝐲: Current Transducer Market was valued at USD 552.75 Million in 2018 and is projected to reach USD 710.84 Billion by 2026, growing at a CAGR of 3.18% from 2019 to 2026.
Market Overview for Current Transducer Market
Current Transducer Market OverviewThe current transducer market is experiencing robust growth driven by increasing applications across various industries such as automotive, power electronics, renewable energy, and industrial automation. These devices play a…
Guide To Selecting A Residual Current Circuit Breaker With Appropriate Operating …
When it comes to electrical safety, choosing a residual current circuit breaker with the appropriate operating current is crucial. Residual current circuit breakers, also known as residual current devices (RCD), are designed to protect against the risk of electric shock and fire caused by ground faults. Selecting the correct RCD for your specific application is critical to ensuring the safety of people and property.
The first step in selecting an appropriate…
Current Transformer Market 2021 Current Trends Analysis, Business Overview Analy …
The global current transformer market is expected to exhibit significant growth during the forecast period. This is attributed to increase in number of installations of current transformers and replacement of old transformers with new ones due to the rise in demand for power on a global level. In addition, the market is experiencing surge in demand for effective grid monitoring and control systems equipped with transformers, transformer monitors, sensors, and…
Direct current-Direct Current Converter Market Size, Share, Development by 2025
LP INFORMATION recently released a research report on the Direct current-Direct Current Converter analysis, which studies the Direct current-Direct Current Converter industry coverage, current market competitive status, and market outlook and forecast by 2025.
Global “Direct current-Direct Current Converter Market 2020-2025” Research Report categorizes the global Direct current-Direct Current Converter by key players, product type, applications and regions,etc. The report also covers the latest industry data,…
Residual Current Circuit Breaker Market Quantitative Market Analysis, Current an …
Stringent safety regulations & standards, such as Canadian CSA standard, UL1053 and IEC61008, and increasing demand for high-quality circuit breakers across the globe are the factors driving the residual current circuit breaker market over the forecast period. For the protection over potentially damaging thermal and dynamic stresses of any over currents, the residual current circuit breaker are taken into consideration which are used in series with a fuse or MCB.…
