The North America Current Sensor Market would witness market growth of 7.9% CAGR during the forecast period (2021-2027).
The factors such as the rising trend of hybrid vehicles and the implementation of industrial robots in the automotive industry are augmenting the growth of the current sensor market. Also, the demand for closed-loop current sensors is boosting due to the increase in adoption of 5G technology and is anticipated to create profitable opportunities for the market of the current sensor. In contrast, the high costs and technical issues related to current sensors are some of the aspects that are hindering the growth of this market around the world. Factors such as the rise in the demand for trending hybrid vehicles, adoption of industrial robots, and integration of Hall Effect technology in the current sensor are propelling the growth of the current sensor market.
The regional current sensor market size is expected to propel because of the increasing initiatives of government towards the reduction of energy consumption by enhancing the power usage efficiency in the data centers. For instance, in March 2021, Iron Mountain Data Centers was recognized by the US Department of Energy (DOE) for improved power usage efficiency by nearly 30% around its various data centers during the past five years.
The increase in the technological enhancement of Hall-based current sensors like coreless technology is driving its demand. The evolving technology is offering benefits like decreased design size, bill of material, and increase in the integration of hall-effect technology in various industry verticals. This technology is offering some more advantages like low power consumption, high accuracy, wide frequency bandwidth, and linearity, which is fueling the demand for Hall-effect technology.
The US market dominated the North America Current Sensor Close Loop Market by Country 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $135.4 million by 2027. The Canada market is experiencing a CAGR of 12.6% during (2021 - 2027). Additionally, The Mexico market would witness a CAGR of 11.6% during (2021 - 2027).
Based on Type, the market is segmented into Open Loop and Close Loop. Based on Technology, the market is segmented into Hall Effect, Current Transformer, Flux Gate and Others. Based on Output Type, the market is segmented into Analog and Digital. Based on End User, the market is segmented into Industrial, Automotive, Consumer Electronics, Telecommunication and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Current Sensor Market is Estimated to Reach USD 2 Billion by 2027 at a CAGR of 8.1%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Melexis N.V. (Xtrion N.V.), Allegro Microsystems, Inc. (Sanken Electric Co., Ltd.), LEM International S.A., Honeywell International, Inc., TDK Corporation, Texas Instruments, Inc., Infineon Technologies AG, Asahi Kasei Corporation, Tamura Corporation, and Aceinna, Inc.
Scope of the Study
Market Segments Covered in the Report:
By Type
By Technology
- Hall Effect
- Current Transformer
- Flux Gate
- Others
By Output Type
By End User
- Industrial
- Automotive
- Consumer Electronics
- Telecommunication
- Others
By Country
- US
- Canada
- Mexico
- Rest of North America
Key Market Players
List of Companies Profiled in the Report:
- Melexis N.V. (Xtrion N.V.)
- Allegro Microsystems, Inc. (Sanken Electric Co., Ltd.)
- LEM International S.A.
- Honeywell International, Inc.
- TDK Corporation
- Texas Instruments, Inc.
- Infineon Technologies AG
- Asahi Kasei Corporation
- Tamura Corporation
- Aceinna, Inc.
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Current Sensor Market, by Type
1.4.2 North America Current Sensor Market, by Technology
1.4.3 North America Current Sensor Market, by Output Type
1.4.4 North America Current Sensor Market, by End User
1.4.5 North America Current Sensor Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.2 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Competition Analysis - Global
3.1 KBV Cardinal Matrix
3.2 Recent Industry Wide Strategic Developments
3.2.1 Partnerships, Collaborations and Agreements
3.2.2 Product Launches and Product Expansions
3.2.3 Acquisition and Mergers
3.3 Top Winning Strategies
3.3.1 Key Leading Strategies: Percentage Distribution (2017-2021)
3.3.2 Key Strategic Move: (Product Launches and Product Expansions : 2018,Mar – 2021, Jul) Leading Players
Chapter 4. North America Current Sensor Market by Type
4.1 North America Current Sensor Open Loop Market by Country
4.2 North America Current Sensor Close Loop Market by Country
Chapter 5. North America Current Sensor Market by Technology
5.1 North America Current Sensor Hall Effect Market by Country
5.2 North America Current Sensor Current Transformer Market by Country
5.3 North America Current Sensor Flux Gate Market by Country
5.4 North America Other Technology Current Sensor Market by Country
Chapter 6. North America Current Sensor Market by Output Type
6.1 North America Analog Current Sensor Market by Country
6.2 North America Digital Current Sensor Market by Country
Chapter 7. North America Current Sensor Market by End User
7.1 North America Industrial Current Sensor Market by Country
7.2 North America Automotive Current Sensor Market by Country
7.3 North America Consumer Electronics Current Sensor Market by Country
7.4 North America Telecommunication Current Sensor Market by Country
7.5 North America Others Current Sensor Market by Country
Chapter 8. North America Current Sensor Market by Country
8.1 US Current Sensor Market
8.1.1 US Current Sensor Market by Type
8.1.2 US Current Sensor Market by Technology
8.1.3 US Current Sensor Market by Output Type
8.1.4 US Current Sensor Market by End User
8.2 Canada Current Sensor Market
8.2.1 Canada Current Sensor Market by Type
8.2.2 Canada Current Sensor Market by Technology
8.2.3 Canada Current Sensor Market by Output Type
8.2.4 Canada Current Sensor Market by End User
8.3 Mexico Current Sensor Market
8.3.1 Mexico Current Sensor Market by Type
8.3.2 Mexico Current Sensor Market by Technology
8.3.3 Mexico Current Sensor Market by Output Type
8.3.4 Mexico Current Sensor Market by End User
8.4 Rest of North America Current Sensor Market
8.4.1 Rest of North America Current Sensor Market by Type
8.4.2 Rest of North America Current Sensor Market by Technology
8.4.3 Rest of North America Current Sensor Market by Output Type
8.4.4 Rest of North America Current Sensor Market by End User
Chapter 9. Company Profiles
9.1 Melexis N.V. (Xtrion N.V.)
9.1.1 Company Overview
9.1.2 Financial Analysis
9.1.3 Regional Analysis
9.1.4 Research & Development Expenses
9.1.5 Recent Strategies and Developments:
9.1.5.1 Product Launches and Product Expansions:
9.2 Allegro Microsystems, Inc. (Sanken Electric Co., Ltd.)
9.2.1 Company Overview
9.2.2 Financial Analysis
9.2.3 Regional Analysis
9.2.4 Research & Development Expenses
9.2.5 Recent Strategies and Developments:
9.2.5.1 Mergers and Acquisitions:
9.2.5.2 Product Launches and Product Expansions:
9.3 LEM international S.A.
9.3.1 Company Overview
9.3.2 Financial Analysis
9.3.3 Segmental and Regional Analysis
9.3.4 Research & Development Expenses
9.4 Honeywell International, Inc.
9.4.1 Company Overview
9.4.2 Financial Analysis
9.4.3 Regional & Segmental Analysis
9.4.4 Research & Development Expenses
9.4.5 SWOT Analysis
9.5 TDK Corporation
9.5.1 Company Overview
9.5.2 Financial Analysis
9.5.3 Segmental and Regional Analysis
9.5.4 Research & Engineering Expense
9.5.5 Recent Strategies and Developments:
9.5.5.1 Mergers and Acquisitions:
9.5.5.2 Product Launches and Product Expansions:
9.5.6 SWOT Analysis
9.6 Texas Instruments, Inc.
9.6.1 Company Overview
9.6.2 Financial Analysis
9.6.3 Segmental and Regional Analysis
9.6.4 Research & Development Expense
9.6.5 Recent Strategies and Developments:
9.6.5.1 Product Launches and Product Expansions:
9.6.6 SWOT Analysis
9.7 Infineon Technologies AG
9.7.1 Company Overview
9.7.2 Financial Analysis
9.7.3 Segmental and Regional Analysis
9.7.4 Research & Development Expense
9.7.5 Recent Strategies and Developments:
9.7.5.1 Product Launches and Product Expansions:
9.7.5.2 Mergers and Acquisitions:
9.7.6 SWOT Analysis
9.8 Asahi Kasei Corporation
9.8.1 Company Overview
9.8.2 Financial Analysis
9.8.3 Segmental and Regional Analysis
9.8.4 Research & Development Expense
9.8.5 Recent Strategies and Developments:
9.8.5.1 Mergers and Acquisitions:
9.9 Tamura Corporation
9.9.1 Company Overview
9.9.2 Financial Analysis
9.9.3 Segmental and Regional Analysis
9.9.4 Research and Development Expense
9.10. Aceinna, Inc.
9.10.1 Company Overview
9.10.2 Recent Strategies and Developments:
9.10.2.1 Partnerships, Collaborated, and Agreements:
9.10.2.2 Product Launches and Product Expansions:
TABLE 1 North America Current Sensor Market, 2017 - 2020, USD Million
TABLE 2 North America Current Sensor Market, 2021 - 2027, USD Million
TABLE 3 Partnerships, Collaborations and Agreements– Current Sensor Market
TABLE 4 Product Launches And Product Expansions– Current Sensor Market
TABLE 5 Acquisition and Mergers– Current Sensor Market
TABLE 6 North America Current Sensor Market by Type, 2017 - 2020, USD Million
TABLE 7 North America Current Sensor Market by Type, 2021 - 2027, USD Million
TABLE 8 North America Current Sensor Open Loop Market by Country, 2017 - 2020, USD Million
TABLE 9 North America Current Sensor Open Loop Market by Country, 2021 - 2027, USD Million
TABLE 10 North America Current Sensor Close Loop Market by Country, 2017 - 2020, USD Million
TABLE 11 North America Current Sensor Close Loop Market by Country, 2021 - 2027, USD Million
TABLE 12 North America Current Sensor Market by Technology, 2017 - 2020, USD Million
TABLE 13 North America Current Sensor Market by Technology, 2021 - 2027, USD Million
TABLE 14 North America Current Sensor Hall Effect Market by Country, 2017 - 2020, USD Million
TABLE 15 North America Current Sensor Hall Effect Market by Country, 2021 - 2027, USD Million
TABLE 16 North America Current Sensor Current Transformer Market by Country, 2017 - 2020, USD Million
TABLE 17 North America Current Sensor Current Transformer Market by Country, 2021 - 2027, USD Million
TABLE 18 North America Current Sensor Flux Gate Market by Country, 2017 - 2020, USD Million
TABLE 19 North America Current Sensor Flux Gate Market by Country, 2021 - 2027, USD Million
TABLE 20 North America Other Technology Current Sensor Market by Country, 2017 - 2020, USD Million
TABLE 21 North America Other Technology Current Sensor Market by Country, 2021 - 2027, USD Million
TABLE 22 North America Current Sensor Market by Output Type, 2017 - 2020, USD Million
TABLE 23 North America Current Sensor Market by Output Type, 2021 - 2027, USD Million
TABLE 24 North America Analog Current Sensor Market by Country, 2017 - 2020, USD Million
TABLE 25 North America Analog Current Sensor Market by Country, 2021 - 2027, USD Million
TABLE 26 North America Digital Current Sensor Market by Country, 2017 - 2020, USD Million
TABLE 27 North America Digital Current Sensor Market by Country, 2021 - 2027, USD Million
TABLE 28 North America Current Sensor Market by End User, 2017 - 2020, USD Million
TABLE 29 North America Current Sensor Market by End User, 2021 - 2027, USD Million
TABLE 30 North America Industrial Current Sensor Market by Country, 2017 - 2020, USD Million
TABLE 31 North America Industrial Current Sensor Market by Country, 2021 - 2027, USD Million
TABLE 32 North America Automotive Current Sensor Market by Country, 2017 - 2020, USD Million
TABLE 33 North America Automotive Current Sensor Market by Country, 2021 - 2027, USD Million
TABLE 34 North America Consumer Electronics Current Sensor Market by Country, 2017 - 2020, USD Million
TABLE 35 North America Consumer Electronics Current Sensor Market by Country, 2021 - 2027, USD Million
TABLE 36 North America Telecommunication Current Sensor Market by Country, 2017 - 2020, USD Million
TABLE 37 North America Telecommunication Current Sensor Market by Country, 2021 - 2027, USD Million
TABLE 38 North America Others Current Sensor Market by Country, 2017 - 2020, USD Million
TABLE 39 North America Others Current Sensor Market by Country, 2021 - 2027, USD Million
TABLE 40 North America Current Sensor Market by Country, 2017 - 2020, USD Million
TABLE 41 North America Current Sensor Market by Country, 2021 - 2027, USD Million
TABLE 42 US Current Sensor Market, 2017 - 2020, USD Million
TABLE 43 US Current Sensor Market, 2021 - 2027, USD Million
TABLE 44 US Current Sensor Market by Type, 2017 - 2020, USD Million
TABLE 45 US Current Sensor Market by Type, 2021 - 2027, USD Million
TABLE 46 US Current Sensor Market by Technology, 2017 - 2020, USD Million
TABLE 47 US Current Sensor Market by Technology, 2021 - 2027, USD Million
TABLE 48 US Current Sensor Market by Output Type, 2017 - 2020, USD Million
TABLE 49 US Current Sensor Market by Output Type, 2021 - 2027, USD Million
TABLE 50 US Current Sensor Market by End User, 2017 - 2020, USD Million
TABLE 51 US Current Sensor Market by End User, 2021 - 2027, USD Million
TABLE 52 Canada Current Sensor Market, 2017 - 2020, USD Million
TABLE 53 Canada Current Sensor Market, 2021 - 2027, USD Million
TABLE 54 Canada Current Sensor Market by Type, 2017 - 2020, USD Million
TABLE 55 Canada Current Sensor Market by Type, 2021 - 2027, USD Million
TABLE 56 Canada Current Sensor Market by Technology, 2017 - 2020, USD Million
TABLE 57 Canada Current Sensor Market by Technology, 2021 - 2027, USD Million
TABLE 58 Canada Current Sensor Market by Output Type, 2017 - 2020, USD Million
TABLE 59 Canada Current Sensor Market by Output Type, 2021 - 2027, USD Million
TABLE 60 Canada Current Sensor Market by End User, 2017 - 2020, USD Million
TABLE 61 Canada Current Sensor Market by End User, 2021 - 2027, USD Million
TABLE 62 Mexico Current Sensor Market, 2017 - 2020, USD Million
TABLE 63 Mexico Current Sensor Market, 2021 - 2027, USD Million
TABLE 64 Mexico Current Sensor Market by Type, 2017 - 2020, USD Million
TABLE 65 Mexico Current Sensor Market by Type, 2021 - 2027, USD Million
TABLE 66 Mexico Current Sensor Market by Technology, 2017 - 2020, USD Million
TABLE 67 Mexico Current Sensor Market by Technology, 2021 - 2027, USD Million
TABLE 68 Mexico Current Sensor Market by Output Type, 2017 - 2020, USD Million
TABLE 69 Mexico Current Sensor Market by Output Type, 2021 - 2027, USD Million
TABLE 70 Mexico Current Sensor Market by End User, 2017 - 2020, USD Million
TABLE 71 Mexico Current Sensor Market by End User, 2021 - 2027, USD Million
TABLE 72 Rest of North America Current Sensor Market, 2017 - 2020, USD Million
TABLE 73 Rest of North America Current Sensor Market, 2021 - 2027, USD Million
TABLE 74 Rest of North America Current Sensor Market by Type, 2017 - 2020, USD Million
TABLE 75 Rest of North America Current Sensor Market by Type, 2021 - 2027, USD Million
TABLE 76 Rest of North America Current Sensor Market by Technology, 2017 - 2020, USD Million
TABLE 77 Rest of North America Current Sensor Market by Technology, 2021 - 2027, USD Million
TABLE 78 Rest of North America Current Sensor Market by Output Type, 2017 - 2020, USD Million
TABLE 79 Rest of North America Current Sensor Market by Output Type, 2021 - 2027, USD Million
TABLE 80 Rest of North America Current Sensor Market by End User, 2017 - 2020, USD Million
TABLE 81 Rest of North America Current Sensor Market by End User, 2021 - 2027, USD Million
TABLE 82 Key Information – Melexis N.V.
TABLE 83 Key Information – Allegro Microsystems, Inc.
TABLE 84 Key Information – Lem international S.A.
TABLE 85 Key information – Honeywell International, Inc.
TABLE 86 key information – TDK Corporation
TABLE 87 Key Information – Texas Instruments, Inc.
TABLE 88 Key Information – Infineon Technologies AG
TABLE 89 Key Information – Asahi Kasei Corporation
TABLE 90 Key Information – Tamura Corporation
TABLE 91 Key Information – ACEINNA, Inc.
List of Figures
FIG 1 Methodology for the research
FIG 2 KBV Cardinal Matrix
FIG 3 Key Leading Strategies: Percentage Distribution (2017-2021)
FIG 4 Key Strategic Move: (Product Launches and Product Expansions : 2018, Mar – 2021, Jul) Leading Players
FIG 5 Recent Strategies and Developments: Allegro Microsystems, Inc.
FIG 6 Swot analysis: Honeywell international, inc.
FIG 7 Recent Strategies and Developments: TDK Corporation
FIG 8 Swot analsysis: tdk corporation
FIG 9 SWOT Analysis: Texas Instruments, Inc.
FIG 10 Recent Strategies and Developments: Infineon Technologies AG
FIG 11 Swot analysis: INFINEON TECHNOLOGIES AG
FIG 12 Recent Strategies and Developments: Aceinna, Inc.