Press release
Global Industrial Current Sensor Market Become Dominant At CAGR Of 9.58% By 2021
About Industrial Current Sensor Market
Current sensors can read determine the type of current that is AC or DC, after which they generate analog or digital signals. Current sensors detect and convert an electric current to an output voltage that can easily be measured. Current sensors work on two current levels that are AC and DC. The current sensing process through DC involves measuring the drop in voltage, which is associated with the current passing through passive electrical components. While in AC, the measurement of the magnetic field surrounding the conductor takes place through which the AC current passes. These are the two most basic principles on which the current sensors.
Technavios analysts forecast the global industrial current sensor market to grow at a CAGR of 9.58% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global industrial current sensor market for 2017-2021. To calculate the market size, the report considers the new installations, sales, replacement, retrofit and services market.
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The market is divided into the following segments based on geography:
Americas
APAC
EMEA
Technavio's report, Global Industrial Current Sensor Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors
Honeywell
Infineon Technologies
Eaton
Allegro MicroSystems
Other prominent vendors
Shenzhen Socan Technology
Pewatron
VACUUMSCHMELZE
VPInstruments
DENT Instruments
J&D
Market driver
Current sensors are easy to integrate with existing applications
For a full, detailed list, view our report
Market challenge
Connectivity challenges of current sensors
For a full, detailed list, view our report
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Market trend
Rising adoption of IIoT
For a full, detailed list, view our report
Key questions answered in this report
What will the market size be in 2021 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?
Table of Content
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Research Methodology
PART 04: Introduction
Market outline
PART 05: Market landscape
Market overview
Market size and forecast
Five forces analysis
PART 06: Market segmentation by end-user
Market overview
Global industrial current sensor market by power industry
Global industrial current sensor market by electronics and telecommunication industry
Global industrial current sensor market by automotive industry
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PART 07: Market segmentation by product type
Market overview
Global industrial current sensor market by closed-loop current sensors
Global industrial current sensor market by open-loop current sensors
PART 08: Market segmentation by technology
Market overview
Global industrial current sensor market by hall-effect technology
Global industrial current sensor market by inductive technology
PART 09: Geographical segmentation
Market overview
Industrial current sensor market in APAC
Industrial current sensor market in Americas
Industrial current sensor market in EMEA
PART 10: Decision framework
PART 11: Drivers and challenges
Market drivers
Market challenges
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