Global Current Sensor Market Size and Forecasts 2030

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    CURRENT SENSOR MARKET

     

    INTRODUCTION

    A current sensor is a tool or element that measures and keeps track of the electrical current that is passing through a wire or circuit. For many uses in electronics, power systems, and industrial processes, it offers information on the size and direction of the current. To ensure the safe and effective operation of electrical systems, current sensors are widely utilized in a variety of industries.

     

    CURRENT SENSOR MARKET SIZE AND FORECAST

    Current Sensor Market

    The current sensor accounted for $XX Billion in 2023 and is anticipated to reach $XX Billion by 2030, registering a CAGR of XX% from 2024 to 2030.

     

    RECENT PRODUCT DEVELOPMENT AND INNOVATION

    The MLX91219 and MLX91218 next-generation current sensors were released by Melexis. These sensors are intended for applications involving automotive power conversion. They provide a number of advantages, including combined over-current detecting circuitry, excellent resolution, and optional 3.3V or 5V operation.

     

    A typical hall current sensor is the MLX91219 model. Currents between 200A and more than 2000A can be determined using a ferromagnetic C-core. Currents between 200A and 2000A can be calculated using this sensor’s adjustable U-shield for crosstalk immunity.

     

    For demanding automotive and industrial systems, Allegro MicroSystems, Inc., a leader in sensing and power solutions for motion control and energy-efficient systems, today unveiled a new coreless Hall-effect current sensor that offers higher accuracy and sensitivity, more fault detection options, and user programmability.

     

    As the first family of truly coreless Hall sensing products in the market, Allegro’s new ACS37610 sensor joins the ACS37612 in measuring currents from 100 A to more than 4000 A flowing through a busbar or PCB trace with an average accuracy of 1% without the use of an external concentrator or U-shaped magnetic shield.

     

    System designers can achieve increased efficiency and improved power density while lowering system complexity, BOM, cost, footprint, and weight thanks to these cutting-edge innovations.

     

    For high-voltage traction motor inverters for electric vehicles, 48V/12V auxiliary inverters, heterogeneous redundant battery monitoring, overcurrent detection, smart fuses, power distribution units (PDUs), and power supply, the ACS37610 is the best option.

     

    The sensor is perfect for safety-critical applications because to its 250 kHz bandwidth, dedicated overcurrent and overtemperature fault pins, and a variety of built-in diagnostics.

     

    Due to the ACS37610’s sophisticated differential sensing technology, the signal-to-noise ratio (SNR) is 2.5 times better and the noise level is 2 times lower than that of the ACS37612. Superior resolution required for precise torque control is provided by the decreased noise, and versatile busbar and PCB designs are made possible by the sensor’s 4 greater sensitivity range. 

     

    COMPANY PROFILE

     

    THIS REPORT WILL ANSWER FOLLOWING QUESTIONS

    1. How many current sensor are manufactured per annum globally? Who are the sub-component suppliers in different regions?
    2. Cost breakup of a Global current sensor and key vendor selection criteria
    3. Where is the current sensor manufactured? What is the average margin per unit?
    4. Market share of Global current sensor market manufacturers and their upcoming products
    5. Cost advantage for OEMs who manufacture Global current sensor in-house
    6. key predictions for next 5 years in Global current sensor market
    7. Average B-2-B current sensor market price in all segments
    8. Latest trends in current sensor market, by every market segment
    9. The market size (both volume and value) of the current sensor market in 2024-2030 and every year in between?
    10. Production breakup of current sensor market, by suppliers and their OEM relationship
    Sl no Topic
    1 Market Segmentation
    2 Scope of the report
    3 Abbreviations
    4 Research Methodology
    5 Executive Summary
    6 Introduction
    7 Insights from Industry stakeholders
    8 Cost breakdown of Product by sub-components and average profit margin
    9 Disruptive innovation in the Industry
    10 Technology trends in the Industry
    11 Consumer trends in the industry
    12 Recent Production Milestones
    13 Component Manufacturing in US, EU and China
    14 COVID-19 impact on overall market
    15 COVID-19 impact on Production of components
    16 COVID-19 impact on Point of sale
    17 Market Segmentation, Dynamics and Forecast by Geography, 2024-2030
    18 Market Segmentation, Dynamics and Forecast by Product Type, 2024-2030
    19 Market Segmentation, Dynamics and Forecast by Application, 2024-2030
    20 Market Segmentation, Dynamics and Forecast by End use, 2024-2030
    21 Product installation rate by OEM, 2023
    22 Incline/Decline in Average B-2-B selling price in past 5 years
    23 Competition from substitute products
    24 Gross margin and average profitability of suppliers
    25 New product development in past 12 months
    26 M&A in past 12 months
    27 Growth strategy of leading players
    28 Market share of vendors, 2023
    29 Company Profiles
    30 Unmet needs and opportunity for new suppliers
    31 Conclusion
    32 Appendix
     
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