Electrical Current Sensors: Technologies and Markets

The global market for electrical current sensors reached $2.7 billion in 2022. The market is estimated to grow from $3.0 billion in 2023 to reach $4.8 billion by 2028, at a compound annual growth rate (CAGR) of 10.1% from 2023 through 2028.

The global market for hall effect current sensors is estimated to grow from $990.3 million in 2023 to reach $1.6 billion by 2028, at a CAGR of 10.5% from 2023 through 2028.

The global market for fiber-optic current sensors is estimated to grow from $909.0 million in 2023 to reach $1.5 billion by 2028, at a CAGR of 11.0% from 2023 through 2028.

Report Scope:

The scope of the report includes an overview of the global electrical current sensors market as well as the analysis of global market trends, with data from 2021 and 2022, the latter considered the base year, as well as estimates for 2023 through 2028, with projections of CAGR in the forecast period. Revenue forecasts for this period are segmented based on technology, loop type, end user, and geography.

Finally, the report presents an analysis of the competitive dynamics of the current sensors market, including critical success factors such as research and development capability, installed base, branding, and ecosystem influence and partnerships. The report provides profiles of the manufacturers of current sensors. This report also analyzes the impact caused by the COVID-19 pandemic.

Report Includes:

42 data tables and 19 additional tables
An up-to-date overview and analysis of the global markets for electrical current sensors
Analyses of the global market trends, with historical market revenue data (sales figures) for 2022, estimates for 2023, forecasts for 2024 and 2026, and projections of compound annual growth rates (CAGRs) through 2028
Estimation of the actual market size and revenue growth forecast for electrical current sensors market in the USD million values, and corresponding market share analysis based on technology, loop type, end-user industry, and region
In-depth information (facts and figures) concerning the major factors influencing the progress of this market (benefits, and industry-specific challenges) with respect to specific growth trends, upcoming technologies, future prospects, and contributions to the overall market
Description of emerging technologies and innovations behind the development and applications of current sensors, with a special emphasis on new products being developed and the markets for these products
Holistic review of the impact of COVID-19 and the Russia-Ukraine war on the global and regional markets for electrical current sensors
A relevant patent analysis with significant allotments of recently published patents and patent applications on electrical current sensors
Identification of the key players operating in the market, and analysis of their competitive landscape based on recent developments, segmental revenues, and operational integration
Descriptive company profiles of the leading global players, including Asahi Kasei Corp., Allegro Microsystems LLC, Honeywell International Inc., Infineon Technologies AG, TDK Corp., and Texas Instruments Inc.

Product Code: IAS159B

Chapter 1 Introduction

Overview
Study Goals and Objectives
What's New in This Update?
Reasons for Doing the Study
Scope of Report
Intended Audience
Information Sources
Research Methodology
Geographic Breakdown
Analyst's Credentials
BCC Custom Research
Related BCC Research Reports

Chapter 2 Summary and Highlights

Market Summary

Chapter 3 Market Overview

Overview
Technology Snapshot
Direct Current Sensing Techniques
Advancements in Electric Current Sensors
Regulatory Standards
International Electrotechnical Commission (IEC)
Underwriters Laboratories (UL)
Value Chain Analysis
Porter's Five Forces Analysis
Bargaining Power of Suppliers
Bargaining Power of Consumers
Threat of New Entrants
Competitive Rivalry
Threat of Substitutes
Future Outlook
Impact of COVID-19 on the Market
Positive Impact
Negative Impact
Impact of Russia-Ukraine War on the Market

Chapter 4 Market Dynamics

Overview
Market Dynamics
Market Drivers
Market Restraints
Market Opportunities

Chapter 5 Market Breakdown by Technology

Overview
Hall Effect Current Sensors
Open-Loop Hall Effect Sensors
Closed-Loop Hall Effect Sensors
Fiber-Optic Current Sensors
Rogowski Coil Current Sensors
Fluxgate Current Sensors
Others

Chapter 6 Market Breakdown by Loop Type

Overview
Open-Loop Current Sensors
Closed-Loop Current Sensors

Chapter 7 Market Breakdown by End-User Industry

Introduction
Automotive
Machinery Manufacturing
Process Industries
Consumer Electronics
Healthcare
Smart Building
Aerospace and Shipbuilding
Others

Chapter 8 Market Breakdown by Region

Overview
North America
Europe
Asia-Pacific
Rest of the World

Chapter 9 Patent Analysis

Overview
Geographical Patterns

Chapter 10 Competitive Landscape

Top Companies

Chapter 11 Company Profiles

Aceinna Inc.
ALLEGRO MICROSYSTEMS LLC
ASAHI KASEI MICRODEVICES CORP.
DER EE ELECTRICAL INSTRUMENT CO. LTD.
HONEYWELL INTERNATIONAL INC.
INFINEON TECHNOLOGIES AG
KOHSHIN ELECTRIC CORP.
LEM INTERNATIONAL SA
MELEXIS NV
NIPPON CERAMIC CO. LTD.
OMRON CORP.
OPTEK TECHNOLOGY INC.
PULSE ELECTRONICS CORP.
TAMURA CORP.
TDK CORP.
TEXAS INSTRUMENTS INC.
VISHAY PRECISION GROUP

Chapter 12 Appendix: Acronyms

Product Code: IAS159B

List of Tables

Summary Table : Global Market for Electrical Current Sensors, by Technology, Through 2028
Table 1 : Porter's Five Forces Analysis: Overview
Table 2 : Global Market for Electrical Current Sensors, by Technology, Through 2028
Table 3 : Global Market for Hall Effect Sensors, by Region, Through 2028
Table 4 : Global Market for Fiber-Optic Sensors, by Region, Through 2028
Table 5 : Global Market for Rogowski Coil Sensors, by Region, Through 2028
Table 6 : Global Market for Fluxgate Sensors, by Region, Through 2028
Table 7 : Global Market for Other Types of Current Sensing Technologies, by Region, Through 2028
Table 8 : Global Market for Electrical Current Sensors, by Loop Type, Through 2028
Table 9 : Global Market for Open-Loop Sensors, by Region, Through 2028
Table 10 : Global Market for Closed-Loop Current Sensors, by Region, Through 2028
Table 11 : Global Market for Electrical Current Sensors, by End-User Industry, Through 2028
Table 12 : Global Market for Electrical Current Sensors in the Automotive Industry, by Region, Through 2028
Table 13 : Global Market for Electrical Current Sensors in the Machinery Manufacturing Industry, by Region, Through 2028
Table 14 : Global Market for Electrical Current Sensors in the Process Industries, by Region, Through 2028
Table 15 : Global Market for Electrical Current Sensors in the Consumer Electronics Industry, by Region, Through 2028
Table 16 : Global Market for Electrical Current Sensors in the Healthcare Industry, by Region, Through 2028
Table 17 : Global Market for Electrical Current Sensors in the Smart Building Industry, by Region, Through 2028
Table 18 : Global Market for Electrical Current Sensors in the Aerospace and Shipbuilding Industry, by Region, Through 2028
Table 19 : Global Market for Electrical Current Sensors in the Other End-User Industries, by Region, Through 2028
Table 20 : Global Market for Electrical Current Sensors, by Region, Through 2028
Table 21 : North American Market for Electrical Current Sensors, by Technology, Through 2028
Table 22 : North American Market for Electrical Current Sensors, by Loop Type, Through 2028
Table 23 : North American Market for Electrical Current Sensors, by End-User Industry, Through 2028
Table 24 : European Market for Electrical Current Sensors, by Technology, Through 2028
Table 25 : European Market for Electrical Current Sensors, by Loop Type, Through 2028
Table 26 : European Market for Electrical Current Sensors, by End-User Industry, Through 2028
Table 27 : Asia-Pacific Market for Electrical Current Sensors, by Technology, Through 2028
Table 28 : Asia-Pacific Market for Electrical Current Sensors, by Loop Type, Through 2028
Table 29 : Asia-Pacific Market for Electrical Current Sensors, by End-User Industry, Through 2028
Table 30 : Rest of the World Market for Electrical Current Sensors, by Technology, Through 2028
Table 31 : Rest of the World Market for Electrical Current Sensors, by Loop Type, Through 2028
Table 32 : Rest of the World Market for Electrical Current Sensors, by End-User Industry, Through 2028
Table 33 : Global Patents on Electrical Current Sensors, 2021-2023
Table 34 : Market Shares of Top Providers of Electrical Current Sensors, 2022
Table 35 : Allegro MicroSystems LLC: Recent Financial Performance, FY 2020-FY 2022
Table 36 : Allegro MicroSystems LLC: Product Portfolio
Table 37 : Allegro MicroSystems LLC: Recent Developments, 2023
Table 38 : Asahi Kasei Corp.: Recent Financial Performance, FY 2019-FY 2021
Table 39 : Asahi Kasei Microdevices Corp.: Product Portfolio
Table 40 : Asahi Kasei Corp.: Recent Developments, 2023
Table 41 : Honeywell International Inc.: Recent Financial Performance, FY 2020-FY 2022
Table 42 : Honeywell International Inc.: Product Portfolio
Table 43 : Honeywell International Inc.: Recent Developments, 2023
Table 44 : Infineon Technologies AG: Recent Financial Performance, 2020-2022
Table 45 : Infineon Technologies AG: Product Portfolio
Table 46 : Infineon Technologies AG: Recent Developments, 2023
Table 47 : Melexis NV: Recent Financial Performance, 2020-2022
Table 48 : Melexis NV: Product Portfolio
Table 49 : Melexis NV: Recent Developments, 2023
Table 50 : Nippon Ceramic Co. Ltd.: Recent Financial Performance, FY 2020-FY 2022
Table 51 : Nippon Ceramic Co. Ltd.: Product Portfolio for Automotive Application
Table 52 : Nippon Ceramic Co. Ltd.: Product Portfolio for Industrial Equipment Application
Table 53 : Pulse Electronics Corp.: Product Portfolio
Table 54 : TDK Corp.: Recent Financial Performance, FY 2020-FY 2022
Table 55 : TDK Corp.: Product Portfolio
Table 56 : Texas Instruments Inc.: Recent Financial Performance, FY 2020-FY 2022
Table 57 : Texas Instruments Inc.: Product Portfolio
Table 58 : Vishay Precision Group: Recent Financial Performance, FY 2020-FY 2022
Table 59 : Vishay Precision Group: Product Portfolio
Table 60 : Acronyms Used in This Report

List of Figures

Summary Figure : Global Market Shares of Electrical Current Sensors, by Technology, 2022
Figure 1 : Electric Current Sensors Value Chain Analysis
Figure 2 : Market for Electrical Current Sensors: Porter's Five Forces Analysis
Figure 3 : Market for Electrical Current Sensors: Bargaining Power of Suppliers
Figure 4 : Market for Electrical Current Sensors: Bargaining Power of Consumers
Figure 5 : Market for Electrical Current Sensors: Threat of New Entrants
Figure 6 : Market for Electrical Current Sensors: Competitive Rivalry
Figure 7 : Global Market Shares of Electrical Current Sensors, by Technology, 2022
Figure 8 : Global Market Shares of Hall Effect Sensors, by Region, 2022
Figure 9 : Global Market Shares of Fiber-Optic Sensors, by Region, 2022
Figure 10 : Global Market Shares of Rogowski Coil Sensors, by Region, 2022
Figure 11 : Global Market Shares of Fluxgate Sensors, by Region, 2022
Figure 12 : Global Market Shares of Other Types of Current Sensing Technologies, by Region, 2022
Figure 13 : Global Market Shares of Electrical Current Sensors, by Loop Type, 2022
Figure 14 : Global Market Shares of Open-Loop Sensors, by Region, 2022
Figure 15 : Global Market Shares of Closed-Loop Sensors, by Region, 2022
Figure 16 : Global Market Shares of Electrical Current Sensors, by End-User Industry, 2022
Figure 17 : Global Market Shares of Electrical Current Sensors in the Automotive Industry, by Region, 2022
Figure 18 : Global Market Shares of Electrical Current Sensors in the Machinery Manufacturing Industry, by Region, 2022
Figure 19 : Global Market Shares of Electrical Current Sensors in the Process Industries, by Region, 2022
Figure 20 : Global Market Shares of Electrical Current Sensors in the Consumer Electronics Industry, by Region, 2022
Figure 21 : Global Market Shares of Electrical Current Sensors in the Healthcare Industry, by Region, 2022
Figure 22 : Global Market Shares of Electrical Current Sensors in the Smart Building Industry, by Region, 2022
Figure 23 : Global Market Shares of Electrical Current Sensors in the Aerospace and Shipbuilding Industry, by Region, 2022
Figure 24 : Global Market Shares of Electrical Current Sensors in the Other End-User Industries, by Region, 2022
Figure 25 : Global Market Shares of Electrical Current Sensors, by Region, 2022
Figure 26 : North American Market Shares of Electrical Current Sensors, by Technology, 2022
Figure 27 : North American Market Shares of Electrical Current Sensors, by Loop Type, 2022
Figure 28 : North American Market Shares of Electrical Current Sensors, by End-User Industry, 2022
Figure 29 : Manufacturing Industry-related Robot Density, by Selected European Countries, 2020
Figure 30 : European Market Shares of Electrical Current Sensors, by Technology, 2022
Figure 31 : European Market Shares of Electrical Current Sensors, by Loop Type, 2022
Figure 32 : European Market Shares of Electrical Current Sensors, by End-User Industry, 2022
Figure 33 : Asia-Pacific Market Shares of Electrical Current Sensors, by Technology, 2022
Figure 34 : Asia-Pacific Market Shares of Electrical Current Sensors, by Loop Type, 2022
Figure 35 : Asia-Pacific Market Shares of Electrical Current Sensors, by End-User Industry, 2022
Figure 36 : Rest of the World Market Shares of Electrical Current Sensors, by Technology, 2022
Figure 37 : Rest of the World Market Shares of Electrical Current Sensors, by Loop Type, 2022
Figure 38 : Rest of the World Market Shares of Electrical Current Sensors, by End-User Industry, 2022
Figure 39 : Shares of Published Patents and Patent Applications on Electrical Current Sensors, by Applicants in Key Countries, 2021-2023
Figure 40 : Allegro MicroSystems LLC: Revenue Share, by End Market, FY 2022
Figure 41 : Allegro MicroSystems LLC: Revenue Share, by Products, FY 2022
Figure 42 : Allegro MicroSystems LLC: Revenue Share, by Region, FY 2022
Figure 43 : Asahi Kasei Corp.: Revenue Share, by Business Segment, FY 2021
Figure 44 : Asahi Kasei Corp.: Revenue Share, by Region, FY 2022
Figure 45 : Honeywell International Inc.: Revenue Share, by Business Segment, FY 2022
Figure 46 : Honeywell International Inc.: Revenue Share, by Region, FY 2022
Figure 47 : Infineon Technologies AG: Revenue Share, by Segment, 2022
Figure 48 : Infineon Technologies AG: Revenue Share, by Region, 2022
Figure 49 : TDK Corp.: Revenue Share, by Business Segment, FY 2022
Figure 50 : TDK Corp.: Revenue Share, by Region, FY 2022
Figure 51 : Texas Instruments Inc.: Revenue Share, by Business Segment, FY 2022
Figure 52 : Texas Instruments Inc.: Revenue Share, by Region, FY 2022
Figure 53 : Vishay Precision Group: Revenue Share, by Business Segment, FY 2022
Figure 54 : Vishay Precision Group: Revenue Share, by Region, FY 2022

Electrical Current Sensors: Technologies and Markets

Description

Table of Contents

List of Tables

Highlights:

Report Scope:

Report Includes:

Table of Contents

Chapter 1 Introduction

Chapter 2 Summary and Highlights

Chapter 3 Market Overview

Chapter 4 Market Dynamics

Chapter 5 Market Breakdown by Technology

Chapter 6 Market Breakdown by Loop Type

Chapter 7 Market Breakdown by End-User Industry

Chapter 8 Market Breakdown by Region

Chapter 9 Patent Analysis

Chapter 10 Competitive Landscape

Chapter 11 Company Profiles

Chapter 12 Appendix: Acronyms

List of Tables

List of Figures