Industry Background:
Current sensors refer to the device that detects and converts current to an easily measured output voltage, that is directly proportional to the current through the measured path. The generated is then used to display the measured current in an ammeter or it can be stored for further analysis in a data acquisition system or be used for the purpose of control. The current sensor is either open or closed loop.
This growth is primarily driven by Rise in Use of Battery Powered Application and Renewable Energy Forms and Increasing Market for Hal Effect Current Sensors.
Major Players, such as Asahi Kasei Microdevices (Japan), Melexis (Belgium), Allegro Microsystems (United States), Siliocn Labs (United States), LEM International (Switzerland), Sensitec (Germany) and Koshin Electrin (Japan) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
In February 2019, AKM acquired Senseair AB (Sweden), a manufacturer of gas sensor modules. This acquisition is expected to enable the company to expand its business activities in the market for air, gas, and alcohol sensors.
In February 2019, ACEINNA released a family of AMR-based isolated magnetic current sensors with high accuracy, wide bandwidth (1.5MHz, 3dB), low phase delay, and fast response time for a wide range of power and electrical applications. The current sensors have isolation of 4.8kV and are UL/IEC/EN60950-1 and UL1577 certified. These safety, reliability, and performance-related features are offered in an integrated “All-In-One,” simple-to-use, single-chip solution at effective costs.
Market Drivers
- Rise in Use of Battery Powered Application and Renewable Energy Forms
- Increasing Market for Hal Effect Current Sensors
Market Trend
Restraints
- Falling Average Selling Prices of Sensor Components Affecting New Market Entrants
Opportunities
Increase in Automotive Electronic Control System and New Vehicle Technologies and Large Scale Commercialization of IoT and lloT
Challenges
Accuracy Over A Varied Temperature Range
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Players landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Current Sensor Study Sheds Light on
The Current Sensor Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Current Sensor industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Current Sensor industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.