PUBLISHER: QYResearch | PRODUCT CODE: 1862197
PUBLISHER: QYResearch | PRODUCT CODE: 1862197
The global market for Electric Vehicle Battery Current Sensor was estimated to be worth US$ 273 million in 2024 and is forecast to a readjusted size of US$ 799 million by 2031 with a CAGR of 17.6% during the forecast period 2025-2031.
This report provides a comprehensive assessment of recent tariff adjustments and international strategic countermeasures on Electric Vehicle Battery Current Sensor cross-border industrial footprints, capital allocation patterns, regional economic interdependencies, and supply chain reconfigurations.
The battery management system (BMS) for these vehicles carries out the important tasks of keeping the battery operating inside the safe operating area (SOA), monitoring power distribution, and keeping track of the state of charge (SoC). When the battery is the main source of energy for systems in HEVs/EVs, it is essential to have information about its charging and discharging cycles. Current sensors are the main source of information for charging and discharging cycle information by reporting the status of battery SOH to the battery management system. They may be located onboard or externally. For a typical battery, current sensors measure the current flowing into (when charging) or out of (when discharging) the battery.
The market for electric vehicle (EV) battery current sensors is primarily driven by the rapid growth of the EV industry and the increasing emphasis on battery performance and safety. As global policies promoting energy conservation and emission reduction take effect, along with rising consumer demand for sustainable transportation, EV sales have surged-directly boosting the demand for high-precision, high-reliability current sensors. These sensors are critical components of battery management systems (BMS), enabling real-time monitoring of charging and discharging currents to ensure battery safety, extend battery life, and optimize energy usage. In addition, ongoing advancements in battery technology and the trend toward vehicle intelligence are spurring innovation in sensor technologies. The EV sector's strict requirements for longer driving range and faster charging further push manufacturers to invest in developing more accurate and stable current sensing solutions, thereby accelerating market expansion.
The key brands of Electric Vehicle Battery Current Sensor include LEM Holding SA, Allegro Microsystems, LLC, Melexis NV, TDK Micronas, Honeywell International Inc., Robert Bosch GmbH, DENSO, Continental and so on. Among them, LEM Holding SA, Allegro Microsystems, LLC, Melexis NV are top 3 players who account for around 45% global revenue market share in 2024.
This report aims to provide a comprehensive presentation of the global market for Electric Vehicle Battery Current Sensor, focusing on the total sales volume, sales revenue, price, key companies market share and ranking, together with an analysis of Electric Vehicle Battery Current Sensor by region & country, by Type, and by Application.
The Electric Vehicle Battery Current Sensor market size, estimations, and forecasts are provided in terms of sales volume (K Units) and sales revenue ($ millions), considering 2024 as the base year, with history and forecast data for the period from 2020 to 2031. With both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Electric Vehicle Battery Current Sensor.
Market Segmentation
By Company
Segment by Type
Segment by Application
By Region
Chapter Outline
Chapter 1: Introduces the report scope of the report, global total market size (value, volume and price). This chapter also provides the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 2: Detailed analysis of Electric Vehicle Battery Current Sensor manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 4: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 5: Sales, revenue of Electric Vehicle Battery Current Sensor in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the market development, future development prospects, market space, and market size of each country in the world.
Chapter 6: Sales, revenue of Electric Vehicle Battery Current Sensor in country level. It provides sigmate data by Type, and by Application for each country/region.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Conclusion.