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“Global Current Sensor Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2028” is a recent report generated by Trusted Business Insights. The global current sensor market report has been segmented on the basis of type, end user, and region.
Request Covid - 19 ImpactGlobal Current Sensor Market: Overview Current sensor is used for detecting and converting electrical signal to receive output voltage proportional to the current in the wire. When current passes through the circuit, there is voltage drop across the path and magnetic field is generated near current carrying conductor. Current sensor is designing technique and conventional method for current sensing. Global Current Sensor Market: Dynamics Increasing use of current sensors in renewable energy equipments, coupled with battery-powered solutions are major factor driving growth of the global current sensor market. Increasing demand for hall-effect current sensor in industrial sector is another factor fueling growth of the target market. Furthermore, growing adoption of industrial internet of things and Internet of things applications is a factor expected to support growth of the global current sensor market over the forecast period However, current sensor introduces supplementary resistance in circuit path which may affect output resistance is a factor that could affect usage current sensor. Nevertheless, growing adoption in automotive electronic control systems can create high revenue opportunities for key players in the target market. Global Current Sensor Market: Segment Analysis Among the type segments, the magnetic current sensors segment is expected to register high growth in terms of revenue over the forecast period. Increasing adoption of magnetic current sensors segment for various applications in automotive sector such as electronic power steering system, hybrid electric vehicle converter, motor control, and many more is a factor driving growth of this segment in the target market. Among the end user segments, the energy segment is expected to register fastest high growth in terms of revenue over the forecast period. Increasing use of renewable energy sources such as wind power, solar power for production of electricity, coupled with increasing trend for smart homes are factors supporting growth of this segment in the global market. The automotive segment dominates the global market in terms of revenue and expected to maintain its position in the near future. Increasing adoption of hybrid and electrical vehicles among end users, owing to growing concerns regarding carbon emission is a factor expected to augment growth of the automotive segment in the global current sensor market. Global Current Sensor Market: Regional Analysis Market in North America is expected to accounts for major share in terms of revenue over the forecast period. Increasing demand of current sensors in industries such as automotive, energy, healthcare, and telecommunication in countries such as China, India, and Japan in this region is a factor driving growth of the target market. In addition, growing consumer electronics sector, owing to availability of low cost labor and raw materials are factors fueling growth of the target market in this region. Market in North America is anticipated to register lucrative growth in terms of revenue in the near future, followed by Europe.
Global Current Sensor Market Segmentation:Segmentation by Type: Non-Isolated Current Sensors Analog-To-Digital Converters Current Sensing Amplifiers Isolated Current Sensors Shunt-Isolated Op Amp Opto-Isolated Op Amp Magnetic Current Sensors TMR Sensors AMR Sensors GMR Sensors Fluxgate Sensors Hall Effect Current Sensors Segmentation by End User: Healthcare Automotive Energy Telecom and Networking Consumer Electronics Industrial Others
Table of Contents Chapter 1. Methodology and Scope 1.1. Research Methodology 1.2. Research Scope & Assumptions 1.3. List of Data SourcesChapter 2. Executive SummaryChapter 3. Global Current Sensor Market Outlook 3.1. Market Segmentation 3.2. Market Size and Growth Prospects, 2016 - 2027 3.3. Value Chain Analysis 3.4. Market Dynamics 3.4.1. Market driver analysis 3.4.2. Market restraint analysis | read more...