Current sensors refer to the device that detects and converts current to an easily measured output voltage, that is directly proportional to the current through the measured path. The generated is then used to display the measured current in an ammeter or it can be stored for further analysis in a data acquisition system or be used for the purpose of control. The current sensor is either open or closed loop.This growth is primarily driven by Rise in Use of Battery Powered Application and Renewable Energy Forms and Increasing Market for Hal Effect Current Sensors.
Major Players, such as Asahi Kasei Microdevices (Japan), Melexis (Belgium), Allegro Microsystems (United States), Siliocn Labs (United States), LEM International (Switzerland), Sensitec (Germany) and Koshin Electrin (Japan) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
In February 2019, AKM acquired Senseair AB (Sweden), a manufacturer of gas sensor modules. This acquisition is expected to enable the company to expand its business activities in the market for air, gas, and alcohol sensors.
In February 2019, ACEINNA released a family of AMR-based isolated magnetic current sensors with high accuracy, wide bandwidth (1.5MHz, 3dB), low phase delay, and fast response time for a wide range of power and electrical applications. The current sensors have isolation of 4.8kV and are UL/IEC/EN60950-1 and UL1577 certified. These safety, reliability, and performance-related features are offered in an integrated “All-In-One,” simple-to-use, single-chip solution at effective costs.
- Rise in Use of Battery Powered Application and Renewable Energy Forms
- Increasing Market for Hal Effect Current Sensors
- Falling Average Selling Prices of Sensor Components Affecting New Market Entrants
OpportunitiesIncrease in Automotive Electronic Control System and New Vehicle Technologies and Large Scale Commercialization of IoT and lloT
ChallengesAccuracy Over A Varied Temperature Range
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