Global Current Sensors Market Growth 2023-2029

A current sensor is a resistive device employed to sense levels of current. Current sensors are used in applications where the emphasis is on accuracy and repeatability under all conditions and less on high current capability. Applications such as force-balance scales, E beam deflection systems, and switching power supplies, all rely on current sensors to feed back and control the current.

LPI (LP Information)' newest research report, the “Current Sensors Industry Forecast” looks at past sales and reviews total world Current Sensors sales in 2022, providing a comprehensive analysis by region and market sector of projected Current Sensors sales for 2023 through 2029. With Current Sensors sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Current Sensors industry.

This Insight Report provides a comprehensive analysis of the global Current Sensors landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Current Sensors portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Current Sensors market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Current Sensors and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Current Sensors.

The global Current Sensors market size is projected to grow from US$ 2641.1 million in 2022 to US$ 4583.9 million in 2029; it is expected to grow at a CAGR of 4583.9 from 2023 to 2029.

The industry is relatively fragmented, the key brand includes Asahi Kasei Microdevices Corporation, Allegro Microsystems, LLC, Melexis NV, TDK Micronas, LEM Holding SA, Honeywell International Inc., Infineon Technologies AG, Kohshin Electric Corporation, Sensitec GmbH, Pulse Electronics Corporation, MultiDimension Technology and so on. Among them, Asahi Kasei Microdevices Corporation, Allegro Microsystems, LLC and Melexis NV are Top 3 players which account for 38% global revenue market share in 2019.

We divide Current Sensors into Hall-Effect Current Sensors, Shunt Current Sensors, TMR Current Sensors, and Others type, Hall-Effect Current Sensors dominated this market which account for 56% volume market share in 2019. According to their application fields we divided into Automotive, Industrial and Others, Industrial application account for more than 41% market share in 2019.

At present, the Current Sensors consumption market is dominated by APAC region especially for China. APAC account for 35% volume market share in 2019. The Current Sensors production market is dominated by Europe region, Europe account for 33% volume market share in 2019.

This report presents a comprehensive overview, market shares, and growth opportunities of Current Sensors market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:
Segmentation by type
    Hall-Effect Current Sensors
    Shunt Current Sensors
    TMR Current Sensors
    Others

Segmentation by application
    Industrial
    Automotive
    Others

This report also splits the market by region:
    Americas
        United States
        Canada
        Mexico
        Brazil
    APAC
        China
        Japan
        Korea
        Southeast Asia
        India
        Australia
    Europe
        Germany
        France
        UK
        Italy
        Russia
    Middle East & Africa
        Egypt
        South Africa
        Israel
        Turkey
        GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
    Asahi Kasei Microdevices Corporation
    Allegro Microsystems, LLC
    Melexis NV
    TDK Micronas
    LEM Holding SA
    Honeywell International Inc.
    Infineon Technologies AG
    Kohshin Electric Corporation
    Sensitec GmbH
    Pulse Electronics Corporation
    MultiDimension Technology

Key Questions Addressed in this Report
What is the 10-year outlook for the global Current Sensors market?
What factors are driving Current Sensors market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Current Sensors market opportunities vary by end market size?
How does Current Sensors break out type, application?
What are the influences of COVID-19 and Russia-Ukraine war?

List of Tables
    Table 1. Current Sensors Annual Sales CAGR by Geographic Region (2018, 2022 & 2029) & ($ millions)
    Table 2. Current Sensors Annual Sales CAGR by Country/Region (2018, 2022 & 2029) & ($ millions)
    Table 3. Major Players of Hall-Effect Current Sensors
    Table 4. Major Players of Shunt Current Sensors
    Table 5. Major Players of TMR Current Sensors
    Table 6. Major Players of Others
    Table 7. Global Current Sensors Sales by Type (2018-2023) & (K Units)
    Table 8. Global Current Sensors Sales Market Share by Type (2018-2023)
    Table 9. Global Current Sensors Revenue by Type (2018-2023) & ($ million)
    Table 10. Global Current Sensors Revenue Market Share by Type (2018-2023)
    Table 11. Global Current Sensors Sale Price by Type (2018-2023) & (USD/Unit)
    Table 12. Global Current Sensors Sales by Application (2018-2023) & (K Units)
    Table 13. Global Current Sensors Sales Market Share by Application (2018-2023)
    Table 14. Global Current Sensors Revenue by Application (2018-2023)
    Table 15. Global Current Sensors Revenue Market Share by Application (2018-2023)
    Table 16. Global Current Sensors Sale Price by Application (2018-2023) & (USD/Unit)
    Table 17. Global Current Sensors Sales by Company (2018-2023) & (K Units)
    Table 18. Global Current Sensors Sales Market Share by Company (2018-2023)
    Table 19. Global Current Sensors Revenue by Company (2018-2023) ($ Millions)
    Table 20. Global Current Sensors Revenue Market Share by Company (2018-2023)
    Table 21. Global Current Sensors Sale Price by Company (2018-2023) & (USD/Unit)
    Table 22. Key Manufacturers Current Sensors Producing Area Distribution and Sales Area
    Table 23. Players Current Sensors Products Offered
    Table 24. Current Sensors Concentration Ratio (CR3, CR5 and CR10) & (2018-2023)
    Table 25. New Products and Potential Entrants
    Table 26. Mergers & Acquisitions, Expansion
    Table 27. Global Current Sensors Sales by Geographic Region (2018-2023) & (K Units)
    Table 28. Global Current Sensors Sales Market Share Geographic Region (2018-2023)
    Table 29. Global Current Sensors Revenue by Geographic Region (2018-2023) & ($ millions)
    Table 30. Global Current Sensors Revenue Market Share by Geographic Region (2018-2023)
    Table 31. Global Current Sensors Sales by Country/Region (2018-2023) & (K Units)
    Table 32. Global Current Sensors Sales Market Share by Country/Region (2018-2023)
    Table 33. Global Current Sensors Revenue by Country/Region (2018-2023) & ($ millions)
    Table 34. Global Current Sensors Revenue Market Share by Country/Region (2018-2023)
    Table 35. Americas Current Sensors Sales by Country (2018-2023) & (K Units)
    Table 36. Americas Current Sensors Sales Market Share by Country (2018-2023)
    Table 37. Americas Current Sensors Revenue by Country (2018-2023) & ($ Millions)
    Table 38. Americas Current Sensors Revenue Market Share by Country (2018-2023)
    Table 39. Americas Current Sensors Sales by Type (2018-2023) & (K Units)
    Table 40. Americas Current Sensors Sales by Application (2018-2023) & (K Units)
    Table 41. APAC Current Sensors Sales by Region (2018-2023) & (K Units)
    Table 42. APAC Current Sensors Sales Market Share by Region (2018-2023)
    Table 43. APAC Current Sensors Revenue by Region (2018-2023) & ($ Millions)
    Table 44. APAC Current Sensors Revenue Market Share by Region (2018-2023)
    Table 45. APAC Current Sensors Sales by Type (2018-2023) & (K Units)
    Table 46. APAC Current Sensors Sales by Application (2018-2023) & (K Units)
    Table 47. Europe Current Sensors Sales by Country (2018-2023) & (K Units)
    Table 48. Europe Current Sensors Sales Market Share by Country (2018-2023)
    Table 49. Europe Current Sensors Revenue by Country (2018-2023) & ($ Millions)
    Table 50. Europe Current Sensors Revenue Market Share by Country (2018-2023)
    Table 51. Europe Current Sensors Sales by Type (2018-2023) & (K Units)
    Table 52. Europe Current Sensors Sales by Application (2018-2023) & (K Units)
    Table 53. Middle East & Africa Current Sensors Sales by Country (2018-2023) & (K Units)
    Table 54. Middle East & Africa Current Sensors Sales Market Share by Country (2018-2023)
    Table 55. Middle East & Africa Current Sensors Revenue by Country (2018-2023) & ($ Millions)
    Table 56. Middle East & Africa Current Sensors Revenue Market Share by Country (2018-2023)
    Table 57. Middle East & Africa Current Sensors Sales by Type (2018-2023) & (K Units)
    Table 58. Middle East & Africa Current Sensors Sales by Application (2018-2023) & (K Units)
    Table 59. Key Market Drivers & Growth Opportunities of Current Sensors
    Table 60. Key Market Challenges & Risks of Current Sensors
    Table 61. Key Industry Trends of Current Sensors
    Table 62. Current Sensors Raw Material
    Table 63. Key Suppliers of Raw Materials
    Table 64. Current Sensors Distributors List
    Table 65. Current Sensors Customer List
    Table 66. Global Current Sensors Sales Forecast by Region (2024-2029) & (K Units)
    Table 67. Global Current Sensors Revenue Forecast by Region (2024-2029) & ($ millions)
    Table 68. Americas Current Sensors Sales Forecast by Country (2024-2029) & (K Units)
    Table 69. Americas Current Sensors Revenue Forecast by Country (2024-2029) & ($ millions)
    Table 70. APAC Current Sensors Sales Forecast by Region (2024-2029) & (K Units)
    Table 71. APAC Current Sensors Revenue Forecast by Region (2024-2029) & ($ millions)
    Table 72. Europe Current Sensors Sales Forecast by Country (2024-2029) & (K Units)
    Table 73. Europe Current Sensors Revenue Forecast by Country (2024-2029) & ($ millions)
    Table 74. Middle East & Africa Current Sensors Sales Forecast by Country (2024-2029) & (K Units)
    Table 75. Middle East & Africa Current Sensors Revenue Forecast by Country (2024-2029) & ($ millions)
    Table 76. Global Current Sensors Sales Forecast by Type (2024-2029) & (K Units)
    Table 77. Global Current Sensors Revenue Forecast by Type (2024-2029) & ($ Millions)
    Table 78. Global Current Sensors Sales Forecast by Application (2024-2029) & (K Units)
    Table 79. Global Current Sensors Revenue Forecast by Application (2024-2029) & ($ Millions)
    Table 80. Asahi Kasei Microdevices Corporation Basic Information, Current Sensors Manufacturing Base, Sales Area and Its Competitors
    Table 81. Asahi Kasei Microdevices Corporation Current Sensors Product Portfolios and Specifications
    Table 82. Asahi Kasei Microdevices Corporation Current Sensors Sales (K Units), Revenue ($ Million), Price (USD/Unit) and Gross Margin (2018-2023)
    Table 83. Asahi Kasei Microdevices Corporation Main Business
    Table 84. Asahi Kasei Microdevices Corporation Latest Developments
    Table 85. Allegro Microsystems, LLC Basic Information, Current Sensors Manufacturing Base, Sales Area and Its Competitors
    Table 86. Allegro Microsystems, LLC Current Sensors Product Portfolios and Specifications
    Table 87. Allegro Microsystems, LLC Current Sensors Sales (K Units), Revenue ($ Million), Price (USD/Unit) and Gross Margin (2018-2023)
    Table 88. Allegro Microsystems, LLC Main Business
    Table 89. Allegro Microsystems, LLC Latest Developments
    Table 90. Melexis NV Basic Information, Current Sensors Manufacturing Base, Sales Area and Its Competitors
    Table 91. Melexis NV Current Sensors Product Portfolios and Specifications
    Table 92. Melexis NV Current Sensors Sales (K Units), Revenue ($ Million), Price (USD/Unit) and Gross Margin (2018-2023)
    Table 93. Melexis NV Main Business
    Table 94. Melexis NV Latest Developments
    Table 95. TDK Micronas Basic Information, Current Sensors Manufacturing Base, Sales Area and Its Competitors
    Table 96. TDK Micronas Current Sensors Product Portfolios and Specifications
    Table 97. TDK Micronas Current Sensors Sales (K Units), Revenue ($ Million), Price (USD/Unit) and Gross Margin (2018-2023)
    Table 98. TDK Micronas Main Business
    Table 99. TDK Micronas Latest Developments
    Table 100. LEM Holding SA Basic Information, Current Sensors Manufacturing Base, Sales Area and Its Competitors
    Table 101. LEM Holding SA Current Sensors Product Portfolios and Specifications
    Table 102. LEM Holding SA Current Sensors Sales (K Units), Revenue ($ Million), Price (USD/Unit) and Gross Margin (2018-2023)
    Table 103. LEM Holding SA Main Business
    Table 104. LEM Holding SA Latest Developments
    Table 105. Honeywell International Inc. Basic Information, Current Sensors Manufacturing Base, Sales Area and Its Competitors
    Table 106. Honeywell International Inc. Current Sensors Product Portfolios and Specifications
    Table 107. Honeywell International Inc. Current Sensors Sales (K Units), Revenue ($ Million), Price (USD/Unit) and Gross Margin (2018-2023)
    Table 108. Honeywell International Inc. Main Business
    Table 109. Honeywell International Inc. Latest Developments
    Table 110. Infineon Technologies AG Basic Information, Current Sensors Manufacturing Base, Sales Area and Its Competitors
    Table 111. Infineon Technologies AG Current Sensors Product Portfolios and Specifications
    Table 112. Infineon Technologies AG Current Sensors Sales (K Units), Revenue ($ Million), Price (USD/Unit) and Gross Margin (2018-2023)
    Table 113. Infineon Technologies AG Main Business
    Table 114. Infineon Technologies AG Latest Developments
    Table 115. Kohshin Electric Corporation Basic Information, Current Sensors Manufacturing Base, Sales Area and Its Competitors
    Table 116. Kohshin Electric Corporation Current Sensors Product Portfolios and Specifications
    Table 117. Kohshin Electric Corporation Current Sensors Sales (K Units), Revenue ($ Million), Price (USD/Unit) and Gross Margin (2018-2023)
    Table 118. Kohshin Electric Corporation Main Business
    Table 119. Kohshin Electric Corporation Latest Developments
    Table 120. Sensitec GmbH Basic Information, Current Sensors Manufacturing Base, Sales Area and Its Competitors
    Table 121. Sensitec GmbH Current Sensors Product Portfolios and Specifications
    Table 122. Sensitec GmbH Current Sensors Sales (K Units), Revenue ($ Million), Price (USD/Unit) and Gross Margin (2018-2023)
    Table 123. Sensitec GmbH Main Business
    Table 124. Sensitec GmbH Latest Developments
    Table 125. Pulse Electronics Corporation Basic Information, Current Sensors Manufacturing Base, Sales Area and Its Competitors
    Table 126. Pulse Electronics Corporation Current Sensors Product Portfolios and Specifications
    Table 127. Pulse Electronics Corporation Current Sensors Sales (K Units), Revenue ($ Million), Price (USD/Unit) and Gross Margin (2018-2023)
    Table 128. Pulse Electronics Corporation Main Business
    Table 129. Pulse Electronics Corporation Latest Developments
    Table 130. MultiDimension Technology Basic Information, Current Sensors Manufacturing Base, Sales Area and Its Competitors
    Table 131. MultiDimension Technology Current Sensors Product Portfolios and Specifications
    Table 132. MultiDimension Technology Current Sensors Sales (K Units), Revenue ($ Million), Price (USD/Unit) and Gross Margin (2018-2023)
    Table 133. MultiDimension Technology Main Business
    Table 134. MultiDimension Technology Latest Developments
List of Figures
    Figure 1. Picture of Current Sensors
    Figure 2. Current Sensors Report Years Considered
    Figure 3. Research Objectives
    Figure 4. Research Methodology
    Figure 5. Research Process and Data Source
    Figure 6. Global Current Sensors Sales Growth Rate 2018-2029 (K Units)
    Figure 7. Global Current Sensors Revenue Growth Rate 2018-2029 ($ Millions)
    Figure 8. Current Sensors Sales by Region (2018, 2022 & 2029) & ($ Millions)
    Figure 9. Product Picture of Hall-Effect Current Sensors
    Figure 10. Product Picture of Shunt Current Sensors
    Figure 11. Product Picture of TMR Current Sensors
    Figure 12. Product Picture of Others
    Figure 13. Global Current Sensors Sales Market Share by Type in 2022
    Figure 14. Global Current Sensors Revenue Market Share by Type (2018-2023)
    Figure 15. Current Sensors Consumed in Industrial
    Figure 16. Global Current Sensors Market: Industrial (2018-2023) & (K Units)
    Figure 17. Current Sensors Consumed in Automotive
    Figure 18. Global Current Sensors Market: Automotive (2018-2023) & (K Units)
    Figure 19. Current Sensors Consumed in Others
    Figure 20. Global Current Sensors Market: Others (2018-2023) & (K Units)
    Figure 21. Global Current Sensors Sales Market Share by Application (2022)
    Figure 22. Global Current Sensors Revenue Market Share by Application in 2022
    Figure 23. Current Sensors Sales Market by Company in 2022 (K Units)
    Figure 24. Global Current Sensors Sales Market Share by Company in 2022
    Figure 25. Current Sensors Revenue Market by Company in 2022 ($ Million)
    Figure 26. Global Current Sensors Revenue Market Share by Company in 2022
    Figure 27. Global Current Sensors Sales Market Share by Geographic Region (2018-2023)
    Figure 28. Global Current Sensors Revenue Market Share by Geographic Region in 2022
    Figure 29. Americas Current Sensors Sales 2018-2023 (K Units)
    Figure 30. Americas Current Sensors Revenue 2018-2023 ($ Millions)
    Figure 31. APAC Current Sensors Sales 2018-2023 (K Units)
    Figure 32. APAC Current Sensors Revenue 2018-2023 ($ Millions)
    Figure 33. Europe Current Sensors Sales 2018-2023 (K Units)
    Figure 34. Europe Current Sensors Revenue 2018-2023 ($ Millions)
    Figure 35. Middle East & Africa Current Sensors Sales 2018-2023 (K Units)
    Figure 36. Middle East & Africa Current Sensors Revenue 2018-2023 ($ Millions)
    Figure 37. Americas Current Sensors Sales Market Share by Country in 2022
    Figure 38. Americas Current Sensors Revenue Market Share by Country in 2022
    Figure 39. Americas Current Sensors Sales Market Share by Type (2018-2023)
    Figure 40. Americas Current Sensors Sales Market Share by Application (2018-2023)
    Figure 41. United States Current Sensors Revenue Growth 2018-2023 ($ Millions)
    Figure 42. Canada Current Sensors Revenue Growth 2018-2023 ($ Millions)
    Figure 43. Mexico Current Sensors Revenue Growth 2018-2023 ($ Millions)
    Figure 44. Brazil Current Sensors Revenue Growth 2018-2023 ($ Millions)
    Figure 45. APAC Current Sensors Sales Market Share by Region in 2022
    Figure 46. APAC Current Sensors Revenue Market Share by Regions in 2022
    Figure 47. APAC Current Sensors Sales Market Share by Type (2018-2023)
    Figure 48. APAC Current Sensors Sales Market Share by Application (2018-2023)
    Figure 49. China Current Sensors Revenue Growth 2018-2023 ($ Millions)
    Figure 50. Japan Current Sensors Revenue Growth 2018-2023 ($ Millions)
    Figure 51. South Korea Current Sensors Revenue Growth 2018-2023 ($ Millions)
    Figure 52. Southeast Asia Current Sensors Revenue Growth 2018-2023 ($ Millions)
    Figure 53. India Current Sensors Revenue Growth 2018-2023 ($ Millions)
    Figure 54. Australia Current Sensors Revenue Growth 2018-2023 ($ Millions)
    Figure 55. China Taiwan Current Sensors Revenue Growth 2018-2023 ($ Millions)
    Figure 56. Europe Current Sensors Sales Market Share by Country in 2022
    Figure 57. Europe Current Sensors Revenue Market Share by Country in 2022
    Figure 58. Europe Current Sensors Sales Market Share by Type (2018-2023)
    Figure 59. Europe Current Sensors Sales Market Share by Application (2018-2023)
    Figure 60. Germany Current Sensors Revenue Growth 2018-2023 ($ Millions)
    Figure 61. France Current Sensors Revenue Growth 2018-2023 ($ Millions)
    Figure 62. UK Current Sensors Revenue Growth 2018-2023 ($ Millions)
    Figure 63. Italy Current Sensors Revenue Growth 2018-2023 ($ Millions)
    Figure 64. Russia Current Sensors Revenue Growth 2018-2023 ($ Millions)
    Figure 65. Middle East & Africa Current Sensors Sales Market Share by Country in 2022
    Figure 66. Middle East & Africa Current Sensors Revenue Market Share by Country in 2022
    Figure 67. Middle East & Africa Current Sensors Sales Market Share by Type (2018-2023)
    Figure 68. Middle East & Africa Current Sensors Sales Market Share by Application (2018-2023)
    Figure 69. Egypt Current Sensors Revenue Growth 2018-2023 ($ Millions)
    Figure 70. South Africa Current Sensors Revenue Growth 2018-2023 ($ Millions)
    Figure 71. Israel Current Sensors Revenue Growth 2018-2023 ($ Millions)
    Figure 72. Turkey Current Sensors Revenue Growth 2018-2023 ($ Millions)
    Figure 73. GCC Country Current Sensors Revenue Growth 2018-2023 ($ Millions)
    Figure 74. Manufacturing Cost Structure Analysis of Current Sensors in 2022
    Figure 75. Manufacturing Process Analysis of Current Sensors
    Figure 76. Industry Chain Structure of Current Sensors
    Figure 77. Channels of Distribution
    Figure 78. Global Current Sensors Sales Market Forecast by Region (2024-2029)
    Figure 79. Global Current Sensors Revenue Market Share Forecast by Region (2024-2029)
    Figure 80. Global Current Sensors Sales Market Share Forecast by Type (2024-2029)
    Figure 81. Global Current Sensors Revenue Market Share Forecast by Type (2024-2029)
    Figure 82. Global Current Sensors Sales Market Share Forecast by Application (2024-2029)
    Figure 83. Global Current Sensors Revenue Market Share Forecast by Application (2024-2029)

Asahi Kasei Microdevices Corporation
Allegro Microsystems, LLC
Melexis NV
TDK Micronas
LEM Holding SA
Honeywell International Inc.
Infineon Technologies AG
Kohshin Electric Corporation
Sensitec GmbH
Pulse Electronics Corporation
MultiDimension Technology

LP Information presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

• Primary Source
  Players/Suppliers
  Industry Experts
  Distributors/Traders
  Opinion Leaders
  Front-line Staff
  Marketing Executives

  Secondary Source
  Journals and Periodicals
  Government Bodies
  Annual Reports
  Presentations
  Paid Databases
  LPI Internal Repository

• Data Synthesis
  Information Gathering
  Collation of Data
  Estimation of Key Figures
  Analysis of Derived Insights

  Data Validation
  Triangulation with Data Models
  Reference Against Proprietary
  Databases
  Corroboration with Industry Experts

• Qualitative Analysis
  Market drivers
  Market challenges
  Market trends
  Five forces analysis

  Qualitative Analysis
  Market size and forecast
  Market segmentation
  Geographical insights
  Competitive landscape