Alternating Current (AC) Meters Sensors Market Report: Trends, Forecast and Competitive Analysis to 2030

Alternating Current (AC) Meters Sensors Trends and Forecast

The future of the global alternating current (AC) meters sensors market looks promising with opportunities in the automotive, industrial, consumer electronics, energy, telecom and networking, and healthcare markets. The global alternating current (AC) meters sensors market is expected to reach an estimated $2.2 billion by 2030 with a CAGR of 7.6% from 2024 to 2030. The major drivers for this market are growing consumer electronics demand is on the rise, extensive engagement within the automotive industry, and technological innovations aimed at enhancing product quality holistically.

A more than 150-page report is developed to help in your business decisions.

Alternating Current (AC) Meters Sensors by Segment

The study includes a forecast for the global alternating current (AC) meters sensors by sensor type, technology, application, and region.

Alternating Current (AC) Meters Sensors Market by Sensor Type [Shipment Analysis by Value from 2018 to 2030]:

• Digital/Inductive Current Sensor
• Open Loop Current Sensor
• Closed Loop Current Sensor

Alternating Current (AC) Meters Sensors Market by Technology [Shipment Analysis by Value from 2018 to 2030]:

• Hall-Effect Current Sensing
• Giant Magneto Resistive (GMR)
• Current Sensing

Alternating Current (AC) Meters Sensors Market by Application [Shipment Analysis by Value from 2018 to 2030]:

• Automotive
• Industrial
• Consumer Electronics
• Energy
• Telecom and Networking
• Healthcare
• Others

Alternating Current (AC) Meters Sensors Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Alternating Current (AC) Meters Sensors Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies alternating current (AC) meters sensors companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the alternating current (AC) meters sensors companies profiled in this report include-

• Texas Instruments Incorporated
• Panasonic Corporation
• Siemens
• Honeywell International
• ABB
• Analog Devices
• General Electric Company
• Kongsberg
• Emerson Electric
• Stmicroelectronics

Alternating Current (AC) Meters Sensors Market Insights

Lucintel forecasts that digital/inductive current sensor is expected to witness highest growth over the forecast period.

Within this market, industrial will remain the largest segment.

Asia Pacific is expected to witness highest growth over the forecast period.

Features of the Global Alternating Current (AC) Meters Sensors Market

Market Size Estimates: Alternating current (AC) meters sensors market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Alternating current (AC) meters sensors market size by various segments, such as by sensor type, technology, application, and region in terms of value ($B).

Regional Analysis: Alternating current (AC) meters sensors market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different sensor types, technologies, applications, and regions for the alternating current (AC) meters sensors market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the alternating current (AC) meters sensors market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

Q.1 What is the alternating current (AC) meters sensors market size?

Answer: The global alternating current (AC) meters sensors market is expected to reach an estimated $2.2 billion by 2030.

Q.2 What is the growth forecast for alternating current (AC) meters sensors market?

Answer: The global alternating current (AC) meters sensors market is expected to grow with a CAGR of 7.6% from 2024 to 2030.

Q.3 What are the major drivers influencing the growth of the alternating current (AC) meters sensors market?

Answer: The major drivers for this market are growing consumer electronics demand is on the rise, extensive engagement within the automotive industry, and technological innovations aimed at enhancing product quality holistically.

Q4. What are the major segments for alternating current (AC) meters sensors market?

Answer: The future of the alternating current (AC) meters sensors market looks promising with opportunities in the automotive, industrial, consumer electronics, energy, telecom and networking, and healthcare markets.

Q5. Who are the key alternating current (AC) meters sensors market companies?

Answer: Some of the key alternating current (AC) meters sensors companies are as follows:

• Texas Instruments Incorporated
• Panasonic Corporation
• Siemens
• Honeywell International
• ABB
• Analog Devices
• General Electric Company
• Kongsberg
• Emerson Electric
• STMicroelectronics

Q6. Which alternating current (AC) meters sensors market segment will be the largest in future?

Answer: Lucintel forecasts that digital/inductive current sensor is expected to witness highest growth over the forecast period.

Q7. In alternating current (AC) meters sensors market, which region is expected to be the largest in next 5 years?

Answer: Asia Pacific is expected to witness highest growth over the forecast period.

Q.8 Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the alternating current (AC) meters sensors market by sensor type (digital/inductive current sensor, open loop current sensor, and closed loop current sensor), technology (hall-effect current sensing, giant magneto resistive (GMR), and current sensing), application (automotive, industrial, consumer electronics, energy, telecom and networking, healthcare, and others)and region (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?