Market Overview:
The global DC current sensors market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for energy-efficient and smart devices, rising adoption of electric vehicles, and growing demand for semiconductor components in automotive applications. The global DC current sensors market is segmented on the basis of type, application, and region. On the basis of type, the market is segmented into closed-loop current sensors and open loop current sensors. Closed-loop current sensors are more popular than open loopcurrent Sensors owing to their high accuracy levels and low power consumption levels. On the basis of application,the market is divided into power industry, electronics and telecommunication industry,, automotive industry,,and others (medical equipment etc.). The automotive sector accounts for a major shareof th eglobal DCCurrent Sensors Market due To Increasing Demand For Electric Vehicles And Semiconductor Components In This Sector .On The Basis Of Region ,Th eMarket Is DividedInto North America ,Latin America Europe Asia Pacific And Middle East & Africa .North America Dominates Th eGlobal DCCurrent Sensors Market Due To Presence Of Major Players Such As Analog Devices Inc., Maxim Integrated Products Inc.
Product Definition:
A DC current sensor is a device that can measure the magnitude of direct current (DC) flowing through a circuit. They are used in a variety of applications, including power distribution, motor control, and renewable energy systems.
Closed-Loop Current Sensors:
Closed-loop current sensors are used to measure the current in an electric circuit without any interruption by short-circuit or open circuit. It is a non-contact method of measuring the current and provides accurate results. The major advantage of closed-loop Current Sensor is that it does not require any contact between probe and conductive part of the circuit, which makes it suitable for measurement applications where contact would produce significant amount of heat, such as inside a motor or transformer.
Open Loop Current Sensors:
Open-loop current sensors are used to measure the current in closed-loop configurations. They can be used as substitutes for conventional open-ended probes, which eliminates the need for manually adjusting the position of measurement probe. Open loop Current sensors have a wide range of applications such as motor drives, electronic loads and charging systems among others.
Application Insights:
The power industry segment dominated the global current sensors market in 2017 and is expected to maintain its dominance over the forecast period. The growing demand for renewable sources of energy, such as wind and solar, has led to an increase in investments from countries such as China, India, Germany, and Brazil. This investment has resulted in an increased need for monitoring & controlling large-scale power generation facilities across these countries.
Electronics & telecommunication is another lucrative segment where manufacturers are investing heavily due to increasing consumer demand for smart devices that are equipped with advanced features.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to maintain its position during the forecast period. This can be attributed to increasing investments in renewable energy, technological advancements, and growing demand for electric vehicles. Moreover, presence of major key players such as Honeywell International Inc.; Emerson Electric Co.; and General Electric will also help this region retain its lead throughout the forecast period.
The Middle East & Africa (MEA) market has potential growth opportunities for current sensor manufacturers due to upcoming construction projects that include power plants with a capacity of more than 1 GW along with other smaller projects that have a combined capacity of nearly 300 MW across several countries such as Saudi Arabia and United Arab Emirates (UAE).
Growth Factors:
- Increasing demand for energy-efficient devices: The global market for DC current sensors is expected to grow at a CAGR of 6.5% from 2016 to 2021. This growth can be attributed to the increasing demand for energy-efficient devices across different industries.
- Growing popularity of electric vehicles: The global market for DC current sensors is also expected to benefit from the growing popularity of electric vehicles, as these vehicles require efficient power management systems.
- Rising demand from the automotive industry: The automotive industry is one of the key end users of DC current sensors and is expected to drive market growth in the coming years.
- Growing investments in renewable energy sources: Renewable energy sources such as solar and wind are becoming increasingly popular, which is likely to boost the demand for DC current sensors in the coming years.
Scope Of The Report
Report Attributes
Report Details
Report Title
DC Current Sensors Market Research Report
By Type
Closed-Loop Current Sensors, Open Loop Current Sensors
By Application
Power Industry, Electronics and Telecommunication, Automotive, Others
By Companies
Hioki, Red Lion Controls, Magnelab, Pewatron, Nidec Copal Electronics, DARE Electronics
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
250
Number of Tables & Figures
175
Customization Available
Yes, the report can be customized as per your need.
Global DC Current Sensors Market Report Segments:
The global DC Current Sensors market is segmented on the basis of:
Types
Closed-Loop Current Sensors, Open Loop Current Sensors
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Power Industry, Electronics and Telecommunication, Automotive, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Hioki
- Red Lion Controls
- Magnelab
- Pewatron
- Nidec Copal Electronics
- DARE Electronics
Highlights of The DC Current Sensors Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Closed-Loop Current Sensors
- Open Loop Current Sensors
- By Application:
- Power Industry
- Electronics and Telecommunication
- Automotive
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the DC Current Sensors Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
DC current sensors are used to measure the current flowing through a wire or cable. They can be used in a variety of applications, such as industrial automation and control, medical equipment, and security systems.
Some of the major companies in the dc current sensors market are Hioki, Red Lion Controls, Magnelab, Pewatron, Nidec Copal Electronics, DARE Electronics.
The dc current sensors market is expected to grow at a compound annual growth rate of 6.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. DC Current Sensors Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. DC Current Sensors Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. DC Current Sensors Market - Supply Chain
4.5. Global DC Current Sensors Market Forecast
4.5.1. DC Current Sensors Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. DC Current Sensors Market Size (000 Units) and Y-o-Y Growth
4.5.3. DC Current Sensors Market Absolute $ Opportunity
5. Global DC Current Sensors Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. DC Current Sensors Market Size and Volume Forecast by Type
5.3.1. Closed-Loop Current Sensors
5.3.2. Open Loop Current Sensors
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global DC Current Sensors Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. DC Current Sensors Market Size and Volume Forecast by Application
6.3.1. Power Industry
6.3.2. Electronics and Telecommunication
6.3.3. Automotive
6.3.4. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global DC Current Sensors Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. DC Current Sensors Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global DC Current Sensors Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. DC Current Sensors Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global DC Current Sensors Demand Share Forecast, 2019-2026
9. North America DC Current Sensors Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America DC Current Sensors Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America DC Current Sensors Market Size and Volume Forecast by Application
9.4.1. Power Industry
9.4.2. Electronics and Telecommunication
9.4.3. Automotive
9.4.4. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America DC Current Sensors Market Size and Volume Forecast by Type
9.7.1. Closed-Loop Current Sensors
9.7.2. Open Loop Current Sensors
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America DC Current Sensors Demand Share Forecast, 2019-2026
10. Latin America DC Current Sensors Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America DC Current Sensors Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America DC Current Sensors Market Size and Volume Forecast by Application
10.4.1. Power Industry
10.4.2. Electronics and Telecommunication
10.4.3. Automotive
10.4.4. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America DC Current Sensors Market Size and Volume Forecast by Type
10.7.1. Closed-Loop Current Sensors
10.7.2. Open Loop Current Sensors
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America DC Current Sensors Demand Share Forecast, 2019-2026
11. Europe DC Current Sensors Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe DC Current Sensors Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe DC Current Sensors Market Size and Volume Forecast by Application
11.4.1. Power Industry
11.4.2. Electronics and Telecommunication
11.4.3. Automotive
11.4.4. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe DC Current Sensors Market Size and Volume Forecast by Type
11.7.1. Closed-Loop Current Sensors
11.7.2. Open Loop Current Sensors
11.8. Basis Point Share (BPS) Analysis by Typ
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe DC Current Sensors Demand Share, 2019-2026
12. Asia Pacific DC Current Sensors Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific DC Current Sensors Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific DC Current Sensors Market Size and Volume Forecast by Application
12.4.1. Power Industry
12.4.2. Electronics and Telecommunication
12.4.3. Automotive
12.4.4. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific DC Current Sensors Market Size and Volume Forecast by Type
12.7.1. Closed-Loop Current Sensors
12.7.2. Open Loop Current Sensors
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific DC Current Sensors Demand Share, 2019-2026
13. Middle East & Africa DC Current Sensors Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa DC Current Sensors Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa DC Current Sensors Market Size and Volume Forecast by Application
13.4.1. Power Industry
13.4.2. Electronics and Telecommunication
13.4.3. Automotive
13.4.4. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa DC Current Sensors Market Size and Volume Forecast by Type
13.7.1. Closed-Loop Current Sensors
13.7.2. Open Loop Current Sensors
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa DC Current Sensors Demand Share, 2019-2026
14. Competition Landscape
14.1. Global DC Current Sensors Market: Market Share Analysis
14.2. DC Current Sensors Distributors and Customers
14.3. DC Current Sensors Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Hioki
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Red Lion Controls
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Magnelab
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Pewatron
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Nidec Copal Electronics
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. DARE Electronics
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. COMPANY7
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. COMPANY8
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. COMPANY9
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
