A research report on the Current Sensor Market has recently been published by Stratview Research, which addresses the significant changes in the Current Sensor Market. The study's purpose is to recognize recent market sizes for various segments and countries, as well as forecast values for the coming years. This research gives an analytical review of the market’s present trend and future estimates in order to find additional opportunities. The report is meant to provide both qualitative and quantitative aspects of the market in each of the areas and countries studied.
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Market Insights
The Current Sensor Market is estimated to grow from USD 2.2 billion in 2020 to USD 4.1 billion by 2026 at a healthy CAGR of 11.1% during the forecast period.
Profiling Key Companies –
· Allegro MicroSystems, LLC (US)
· TDK Corporation (TDK-Micronas GmbH) (Germany)
· Infineon Technologies AG (Germany)
· Melexis NV (Belgium)
· Honeywell International Inc. (US)
· Asahi Kasei Microdevices Corporation (Japan)
· ABB Group (Switzerland)
· NK Technologies (US)
· Tamura Corporation (Japan)
· Vacuumschmelze GmbH & Co KG (Germany)
Covid Impact
This informative research report also includes the most recent global events concerning the coronavirus pandemic. The report provides a detailed analysis of the pandemic's impact and the industry's economic scenario. The report consists of tables, graphs, charts, figures, and diagrams, that are used to graphically represent important statistical information.
𝗞𝗲𝘆 𝗙𝗲𝗮𝘁𝘂𝗿𝗲𝘀 𝗼𝗳 𝗥𝗲𝗽𝗼𝗿𝘁:-
- Assessment of the market
- Competitive Landscape
- COVID Impact Analysis
- Value Chain Analysis
- Historic Data, Estimates, and Forecast
- Company Profiles
- Global and Regional Dynamics
- Future Business Scope & Opportunities Forecast
Segment Analysis
Based on end-use, the Current Sensor market has been classified into automotive, consumer electronics, telecom and networking, medical, energy and power, industrial, and others. The automotive segment accounted for the largest market share in 2020. This is mainly attributed to the rising adoption of current sensors in EVs and HEVs. Significant developments in EVs/HEVs require progress on the electrification of powertrains, which further boosts the demand for current sensors.
By region, the North American Current Sensor market accounted for the largest share in 2020 and is expected to grow at a significant CAGR during the review period. The current sensor market growth is mainly propelled by growing governmental concerns to conserve the environment towards implementation of renewable sources of energy for electricity generation & conversion, further bolstering the regional market growth.
The Asia-Pacific Current Sensor market is expected to grow at the highest CAGR of more than 8% during the review period. This growth is mainly attributed to expanding establishments of hyper-scale data centers across Japan, China, India, and South Korea. These hyper-scale data centers are highly integrated with current sensors in different power management devices such as SMPS, datacenter UPS, and Power Distribution Units (PDUs), which further proliferate the regional market expansion.
Custom Research:
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Critical Questions Answered in the Report
- What are the key trends in the Current Sensor Market?
- How the market (and its various sub-segments) has grown in the last five years and what growth trajectory will it follow in the next five years?
- On what scale has COVID-19 impacted the Current Sensor Market?
- What are some key strategies adopted by the market leaders in the Current Sensor Market?
- How much share of the Current Sensor Market do the top players own?
𝗔𝗯𝗼𝘂𝘁 𝗨𝘀:-
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