Current Sensor Global Market Report 2026

A current sensor is a device designed to detect electric current and convert it into an output voltage that can be easily measured, proportionate to the current flowing through the measured circuit. Current sensors serve various purposes, including power metering, measuring current supply, diagnosing control systems, and managing loads from motors.

The major types of current sensors include closed-loop and open-loop. Closed-loop current sensors feature a ferroelectric core with a sensing element (or field probe) placed in a gap in the core. Technologies employed in current sensors include hall effect, shunt, fluxgate, and magneto-resistive. These sensors find applications in diverse fields, such as motor drives, converters and inverters, battery management, UPS and SMPS, starters and generators, grid infrastructure, and more. They are utilized by various end-users, including automotive, consumer electronics, industrial, telecommunication, and others.

Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report's Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.

Tariffs have increased costs for magnetic materials, semiconductors, and electronic housings used in current sensor manufacturing, with notable impact on Hall effect, shunt, and fluxgate-based products imported from Asia-Pacific. These tariffs have contributed to longer lead times and higher pricing across automotive, industrial, and grid applications. Nonetheless, localized sourcing, domestic semiconductor packaging, and investment in alternative sensing technologies are helping mitigate disruptions while enhancing regional manufacturing resilience.

The current sensor market research report is one of a series of new reports from The Business Research Company that provides current sensor market statistics, including current sensor industry global market size, regional shares, competitors with a current sensor market share, detailed current sensor market segments, market trends and opportunities, and any further data you may need to thrive in the current sensor industry. This current sensor market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The current sensor market size has grown strongly in recent years. It will grow from $2.82 billion in 2025 to $3.06 billion in 2026 at a compound annual growth rate (CAGR) of 8.7%. The growth in the historic period can be attributed to rising use in power metering, increasing deployment in motor control, growth in inverter and converter usage, early adoption in industrial systems, rising demand for grid monitoring.

The current sensor market size is expected to see strong growth in the next few years. It will grow to $4.27 billion in 2030 at a compound annual growth rate (CAGR) of 8.6%. The growth in the forecast period can be attributed to increasing adoption in ev battery systems, expansion of renewable energy infrastructure, rising need for accurate bms measurement, growth in telecom power systems, increasing deployment in consumer devices. Major trends in the forecast period include adoption of AI-based current monitoring, growth of ev-oriented current sensing solutions, expansion of intelligent manufacturing diagnostics, integration of IoT-enabled power monitoring, advancement of secure digital sensing platforms.

The rising demand for electric vehicles (EVs) is anticipated to significantly boost the growth of the current sensor market in the future. An electric vehicle is defined as a car powered by a battery, which can be charged from an external source. Current sensors are essential in automobiles for managing the motor drive, controlling the direct current conversion of the motor's regenerative current, and detecting the charged and discharged currents of the batteries in electric and hybrid vehicles. As a result, the increasing demand for electric vehicles is expected to enhance the current sensor market. For example, in July 2023, the International Energy Agency, a France-based intergovernmental organization, reported that electric vehicle sales reached 10 million in 2022 and are projected to rise to 14 million in 2023. Consequently, the growing demand for electric vehicles is driving the expansion of the current sensor market.

Major players in the current sensor market are advancing technology with innovations such as coreless high-current sensors, aimed at improving accuracy, reducing size, and enhancing efficiency in power monitoring and control applications. Coreless high-current sensors are sophisticated current sensing devices that measure high electrical currents without relying on a magnetic core, which is commonly found in traditional current sensors. For example, in May 2024, LEM, a France-based designer and manufacturer of measurement and control instruments primarily for the aeronautics and space sectors, introduced the LEM HTFS 600-S and HASS 1000-S. These two notable coreless high-current sensors are engineered for precise measurements in industrial settings. The HTFS 600-S can measure currents up to 600 A, providing high linearity and rapid response times, making it ideal for monitoring transient currents. In contrast, the HASS 1000-S accommodates measurements up to 1000 A, featuring a compact design that facilitates its integration into systems such as electric vehicles and renewable energy setups.

In October 2023, Allegro MicroSystems, Inc., a prominent US-based powerhouse specializing in power and sensing semiconductor technology, executed a strategic move by successfully acquiring Crocus Technology for a substantial $420 million. This acquisition represents a strategic acceleration for Allegro in its TMR (tunneling magnetoresistance) roadmap, strengthening its preeminent position in the magnetic sensing and sensor solution sectors. Crocus Technology, a distinguished US-based semiconductor company renowned for its expertise in current sensor manufacturing, seamlessly integrated into Allegro's portfolio through this strategic acquisition. The move serves to further solidify Allegro's market presence and enhance its innovation capabilities within the realm of magnetic sensing technology.

Major companies operating in the current sensor market are Allegro MicroSystems LLC, Honeywell International Inc., Infineon Technologies AG, TDK Corporation, TAMURA Corporation, Texas Instruments Incorporated, Melexis N.V., LEM International SA, ACEINNA Inc., Omron Corporation, Asahi Kasei Microdevices Corporation, STMicroelectronics N.V., Pulse Electronics Corporation, Vishay Intertechnology Inc., Microchip Technology Incorporated, ROHM CO. LTD., ON Semiconductor Corporation, Triad Magnetics Inc., Current Sensors Inc., SCT Sensing Technologies Inc., Analog Devices Inc., VACUUMSCHMELZE GmbH & Co. KG, Grace Technologies Inc, Eaton Corporation Plc, NK Technologies Inc., Crocus Technology Inc.

North America was the largest region in the current sensor market in 2025. Asia-Pacific is expected to be the fastest-growing region in the current sensor market report during the forecast period. The regions covered in the current sensor market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the current sensor market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The current sensor market consists of sales of inductive current sensors. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Current Sensor Market Global Report 2026 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses current sensor market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

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Where is the largest and fastest growing market for current sensor ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward, including technological disruption, regulatory shifts, and changing consumer preferences? The current sensor market global report from the Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, total addressable market (TAM), market attractiveness score (MAS), competitive landscape, market shares, company scoring matrix, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

• The market characteristics section of the report defines and explains the market. This section also examines key products and services offered in the market, evaluates brand-level differentiation, compares product features, and highlights major innovation and product development trends.
• The supply chain analysis section provides an overview of the entire value chain, including key raw materials, resources, and supplier analysis. It also provides a list competitor at each level of the supply chain.
• The updated trends and strategies section analyses the shape of the market as it evolves and highlights emerging technology trends such as digital transformation, automation, sustainability initiatives, and AI-driven innovation. It suggests how companies can leverage these advancements to strengthen their market position and achieve competitive differentiation.
• The regulatory and investment landscape section provides an overview of the key regulatory frameworks, regularity bodies, associations, and government policies influencing the market. It also examines major investment flows, incentives, and funding trends shaping industry growth and innovation.
• The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
• The forecasts are made after considering the major factors currently impacting the market. These include the technological advancements such as AI and automation, Russia-Ukraine war, trade tariffs (government-imposed import/export duties), elevated inflation and interest rates.
• The total addressable market (TAM) analysis section defines and estimates the market potential compares it with the current market size, and provides strategic insights and growth opportunities based on this evaluation.
• The market attractiveness scoring section evaluates the market based on a quantitative scoring framework that considers growth potential, competitive dynamics, strategic fit, and risk profile. It also provides interpretive insights and strategic implications for decision-makers.
• Market segmentations break down the market into sub markets.
• The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth.
• Expanded geographical coverage includes Taiwan and Southeast Asia, reflecting recent supply chain realignments and manufacturing shifts in the region. This section analyzes how these markets are becoming increasingly important hubs in the global value chain.
• The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
• The company scoring matrix section evaluates and ranks leading companies based on a multi-parameter framework that includes market share or revenues, product innovation, and brand recognition.

Scope

• Markets Covered:1) By Type: Closed Loop; Open Loop
• 2) By Technology: Hall Effect; Shunt; Fluxgate; Magneto-Resistive
• 3) By Application: Motor Drive; Converter And Inverter; Battery Management; UPS And SMPS; Starter And Generators; Grid Infrastructure; Other Applications
• 4) By End-Use: Automotive; Consumer Electronics; Industrial; Telecommunication; Other End-Uses
• Subsegments:
• 1) By Closed Loop: Hall Effect Current Sensors; Fluxgate Current Sensors; Rogowski Coil Sensors
• 2) By Open Loop: Hall Effect Sensors; Shunt Resistors; Current Transformers (CTs)
• Companies Mentioned: Allegro MicroSystems LLC; Honeywell International Inc.; Infineon Technologies AG; TDK Corporation; TAMURA Corporation; Texas Instruments Incorporated; Melexis N.V.; LEM International SA; ACEINNA Inc.; Omron Corporation; Asahi Kasei Microdevices Corporation; STMicroelectronics N.V.; Pulse Electronics Corporation; Vishay Intertechnology Inc.; Microchip Technology Incorporated; ROHM CO. LTD.; ON Semiconductor Corporation; Triad Magnetics Inc.; Current Sensors Inc.; SCT Sensing Technologies Inc.; Analog Devices Inc.; VACUUMSCHMELZE GmbH & Co. KG; Grace Technologies Inc; Eaton Corporation Plc; NK Technologies Inc.; Crocus Technology Inc.
• Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Taiwan; Russia; South Korea; UK; USA; Canada; Italy; Spain.
• Regions: Asia-Pacific; South East Asia; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
• Time Series: Five years historic and ten years forecast.
• Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
• Data Segmentations: country and regional historic and forecast data, market share of competitors, market segments.
• Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
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