According to the new market research report "Hall-Effect Current Sensor Market
by Type, Technology, Output (Linear and Threshold), Industry
(Industrial Automation, Automotive, Consumer Electronics,
Telecommunication, Utilities, Medical, Railways), and Region - Global
Forecast to 2023", the Hall-Effect current sensor market is
expected to grow from USD 906.7 Million in 2017 to USD 1,473.7 Million
by 2023, at a CAGR of 8.4% between 2017 and 2023. The factors driving
the growth of this market are the continuous technological advancements,
growing use of fully integrated and programmable current sensors,
advantage of galvanic isolation-based Hall-Effect current sensors, and
growing demand for intelligent Hall-Effect current sensors.
• Informational PDF Brochure :-
https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=201606539
• Informational PDF Brochure :-
https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=201606539
Browse 69 Market Data Tables and 46 Figures spread through 146 Pages and in-depth TOC on "Hall-Effect Current Sensor Market"
The
major players operating in the Hall-Effect current sensor market are
ABB Ltd (Switzerland), Honeywell International, Inc. (US),
STMicroelectronics N.V. (Switzerland), Allegro MicroSystems LLC (USA),
Asahi Kasei Microdevice Corporation (Japan), Infineon Technologies AG
(Germany), Melexis NV (Belgium), LEM Holding SA (Switzerland), TDK
Corporation (Japan), and Kohshin Electric Corporation (Japan).
“Hall-Effect
current sensor market for closed-loop current sensors expected to grow
at the highest CAGR during the forecast period”
The
Hall-Effect current sensor market for closed-loop current sensor is
expected to grow at the highest CAGR between 2017 and 2023. Closed-loop
current sensors help end users by providing higher accuracy and faster
response time for current sensing applications.
“Hall-Effect current sensor market for the automotive industry to grow at the highest CAGR between 2017 and 2023”
The
automotive industry is expected to witness the highest CAGR in the
overall Hall-Effect current sensor market between 2017 and 2023. In the
automotive industry, current measurement is required for applications
such as current control, protection of devices from overcurrent, and
power management including control of motor drives, converter control,
overcurrent protection, and battery management. The growing demand for
eco-friendly electric and hybrid electric vehicles in the automotive
industry would drive the Hall-Effect current sensor market.
“Asia Pacific expected to lead the Hall-Effect current sensor market between 2017 and 2023”
Asia
Pacific is expected to hold the largest size of the Hall-Effect current
sensor market during the forecast period. This is mainly attributed to
the high growth in emerging economies such as China, India, South Korea,
and Japan, where there is a rising need for power management. With the
growing trend of cloud connectivity in APAC, industries would adopt
Industrial Internet of Things (IIoT)-based current sensors for current
measurement applications in this region.
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