Market Research Report
Hall-Effect Current Sensors
|Published by||Global Industry Analysts, Inc.||Product code||907223|
|Published||Content info||289 Pages
Delivery time: 1-2 business days
|Hall-Effect Current Sensors|
|Published: July 1, 2020||Content info: 289 Pages||
Global Hall-Effect Current Sensors Market to Reach $1.7 Billion by 2027
Amid the COVID-19 crisis, the global market for Hall-Effect Current Sensors estimated at US$1 Billion in the year 2020, is projected to reach a revised size of US$1.7 Billion by 2027, growing at aCAGR of 7.1% over the period 2020-2027. Open-Loop Current Sensor, one of the segments analyzed in the report, is projected to record 7% CAGR and reach US$881.4 Million by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Closed-Loop Current Sensor segment is readjusted to a revised 7.3% CAGR for the next 7-year period.
The U.S. Market is Estimated at $279.4 Million, While China is Forecast to Grow at 10.8% CAGR
The Hall-Effect Current Sensors market in the U.S. is estimated at US$279.4 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$367.7 Million by the year 2027 trailing a CAGR of 10.8% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.9% and 6.4% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 4.6% CAGR.We bring years of research experience to this 7th edition of our report. The 289-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.
Competitors identified in this market include, among others,