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.
• Download Informational PDF Brochure :-https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=201606539
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).
Browse 69 Market Data Tables and 46 Figures spread through 146 Pages and in-depth TOC on "Hall-Effect Current Sensor Market"
“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.
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 growth of this market is fueled by the increasing demand for intelligent Hall-Effect sensors, ongoing technological advancements in Hall-Effect current sensors, and growing use of fully integrated and programmable current sensors. Moreover, the advantages of galvanic isolation-based Hall-Effect current sensors and developments in the Hall-Effect current sensor ecosystem through organic and inorganic growth strategies, such as product developments, expansions, partnerships, distribution contracts and agreements, and acquisitions, further drive the growth of this market.
Between open-loop and closed loop current sensors, the market for closed-loop current sensor is expected to grow at a higher CAGR between 2017 and 2023. The faster response time and higher accuracy have led to a rise in the adoption of closed-loop current sensors. Moreover, the demand for closed-loop current sensors would continue to grow due to their applications in critical industries such as medical, automotive, and aerospace & defense. This would lead to further innovations in the Hall-Effect current sensor market.
The market for BiCMOS technology is expected to grow at a high CAGR between 2017 and 2023 driven by the growing adoption of BiCMOS technology over CMOS technology as it improves the speed of operations and reduces the density of the integrated circuit.
Among various industries, industrial automation held the largest share of the overall market in 2016. This is attributed to the growing applications of control systems and automation equipment in the industries, which creates a need for current measurement for various applications such as AC-DC converter, overcurrent fault detection, and battery monitoring.
About MarketsandMarkets™
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
newsletter@marketsandmarkets.com
• Download Informational PDF Brochure :-https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=201606539
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).
Browse 69 Market Data Tables and 46 Figures spread through 146 Pages and in-depth TOC on "Hall-Effect Current Sensor Market"
“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.
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 growth of this market is fueled by the increasing demand for intelligent Hall-Effect sensors, ongoing technological advancements in Hall-Effect current sensors, and growing use of fully integrated and programmable current sensors. Moreover, the advantages of galvanic isolation-based Hall-Effect current sensors and developments in the Hall-Effect current sensor ecosystem through organic and inorganic growth strategies, such as product developments, expansions, partnerships, distribution contracts and agreements, and acquisitions, further drive the growth of this market.
Between open-loop and closed loop current sensors, the market for closed-loop current sensor is expected to grow at a higher CAGR between 2017 and 2023. The faster response time and higher accuracy have led to a rise in the adoption of closed-loop current sensors. Moreover, the demand for closed-loop current sensors would continue to grow due to their applications in critical industries such as medical, automotive, and aerospace & defense. This would lead to further innovations in the Hall-Effect current sensor market.
The market for BiCMOS technology is expected to grow at a high CAGR between 2017 and 2023 driven by the growing adoption of BiCMOS technology over CMOS technology as it improves the speed of operations and reduces the density of the integrated circuit.
Among various industries, industrial automation held the largest share of the overall market in 2016. This is attributed to the growing applications of control systems and automation equipment in the industries, which creates a need for current measurement for various applications such as AC-DC converter, overcurrent fault detection, and battery monitoring.
About MarketsandMarkets™
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
newsletter@marketsandmarkets.com
No comments:
Post a Comment