Market Overview:
The global electric vehicle battery current sensor market is expected to grow at a CAGR of XX% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for electric vehicles across the globe. Electric vehicles are powered by batteries and these batteries need to be monitored constantly for their health and performance. This is where battery current sensors come into play as they help in monitoring the health of batteries in electric vehicles. Battery current sensors are classified into open-loop and closed-loop types based on their working principle. Closed-loop type battery current sensors are more popular than open-loop type due to their accuracy and reliability. Based on application, the global electric vehicle battery current sensor market can be segmented into full EVs, HEVs, PHEVs, and others (including golf carts, forklifts, etc.). Among these applications, full EVs account for a major share of the market owing to rising concerns about environment pollution caused by traditional gasoline or diesel engines in automobiles. Asia Pacific is expected to lead the global electric vehicle battery current sensor market during the forecast period owing to high adoption rates of electric vehicles in countries such as China and Japan.
Product Definition:
Electric Vehicle Battery Current Sensor is a device that is used to measure the current flowing through the battery. This information can be used to monitor the health of the battery and ensure that it is charging and discharging correctly.
Open-Loop:
Open-loop Current Sensor Market Size, Share & Trends Analysis Report By Application (Electric Vehicles, Electric Powertrain), By Region (North America, Europe), And Segment Forecasts, 2020 - 2027 -> The global open-loop current sensor market size was valued at USD 6.2 billion in 2019 and is expected to grow at a compound annual growth rate (CAGR) of 4.5% from 2020 to 2027.
Closed-Loop:
The closed-loop system is a method to control an electric vehicle battery by using the information about the current flow in and out of the battery. The closed-loop system helps in monitoring and controlling functions that are performed to maintain optimum conditions of charge acceptance, discharge acceptance, voltage level, etc. In addition, it also helps in preventing overcharging or undercharging of batteries which may lead to damage or reduce life expectancy respectively.
Application Insights:
Based on the application, the market is segmented into full EVs, HEVs, and PHEVs. The full EVs segment dominated the global electric vehicle battery current sensor market in terms of revenue share in 2017. This can be attributed to increasing R&D investments by major automotive manufacturers for developing advanced batteries and new energy vehicles (NEV). Full EVs include commercial passenger cars with internal combustion engines (ICE) and light commercial vehicles (LCVs).
The HEV segment is expected to witness significant growth over the forecast period owing to increased government funding for promoting fuel-efficient transportation solutions such as electric cars. For instance, in 2016 Germany¢â‚¬â„¢s Ministry of Education and Research announced a plan to invest USD 7 billion from 2017 to 2020 in order promote research activities related to green technologies including electric cars that are powered by lithium-ion batteries.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region accounted for a share of more than 60% in terms of volume owing to increasing sales of EVs, primarily in China and Japan. The growing adoption of electric vehicles across this region is attributed to various government initiatives such as “5-Year Plan on Modern Energy Vehicle†(2016 - 2020) by the Chinese Government that aims at reducing carbon emission from vehicular sources by 20%.
Europe was estimated as the second-largest regional segment followed by North America with a total demand share exceeding 15% each in 2017. However, North America is anticipated to emerge as a major player over the next eight years due to increased focus on developing new energy vehicles along with stringent regulations regarding fuel emissions set by governments across U.S., Canada, and Mexico aimed at promoting environment-friendly automotive technologies are projected favorably impact industry growth over this period.
Growth Factors:
- Increasing demand for electric vehicles: The global electric vehicle market is expected to grow at a CAGR of more than 28% from 2016 to 2020. This is due to the increasing awareness about the benefits of electric vehicles such as low emissions, fuel efficiency, and low running costs.
- Government initiatives and subsidies: Governments across the globe are providing various incentives such as subsidies and tax rebates to promote the adoption of electric vehicles. For instance, in China, a subsidy of up to 00 is offered for each electric vehicle purchase.
- Development of advanced battery technologies: The development of advanced battery technologies such as lithium-ion batteries is aiding in the growth of the electric vehicle market. These batteries offer high energy density and longer life cycles, which are essential for powering Electric Vehicles (EVs).
- Growing demand for green transportation: There is an increasing demand for green transportation solutions owing to concerns about climate change and air pollution caused by traditional transportation modes such as cars and trucks .Electric vehicles offer a cleaner alternative with lower emissions levels compared to gasoline or diesel-powered engines .This growing demand will help propel the growth ofthe Electric Vehicle Battery Current Sensor market in coming years .
Scope Of The Report
Report Attributes
Report Details
Report Title
Electric Vehicle Battery Current Sensor Market Research Report
By Type
Open-Loop, Closed-Loop
By Application
Full EVs, HEVs, PHEVs
By Companies
Delphi Automotive, TE Connectivity, Continental, DENSO, Allegro MicroSystems, KOHSHIN ELECTRIC CORPORATION, Asahi Kasei Microdevices, Standard Motor Products, BYD Company
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
244
Number of Tables & Figures
171
Customization Available
Yes, the report can be customized as per your need.
Global Electric Vehicle Battery Current Sensor Market Report Segments:
The global Electric Vehicle Battery Current Sensor market is segmented on the basis of:
Types
Open-Loop, Closed-Loop
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
Full EVs, HEVs, PHEVs
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:
- Delphi Automotive
- TE Connectivity
- Continental
- DENSO
- Allegro MicroSystems
- KOHSHIN ELECTRIC CORPORATION
- Asahi Kasei Microdevices
- Standard Motor Products
- BYD Company
Highlights of The Electric Vehicle Battery Current Sensor 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:
- Open-Loop
- Closed-Loop
- By Application:
- Full EVs
- HEVs
- PHEVs
- 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 Electric Vehicle Battery Current Sensor 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
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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?
An electric vehicle battery current sensor is a component that measures the current flowing through an electric vehicle battery. This information is used to help maintain the battery's health and performance.
Some of the major players in the electric vehicle battery current sensor market are Delphi Automotive, TE Connectivity, Continental, DENSO, Allegro MicroSystems, KOHSHIN ELECTRIC CORPORATION, Asahi Kasei Microdevices, Standard Motor Products, BYD Company.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Electric Vehicle Battery Current Sensor 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. Electric Vehicle Battery Current Sensor Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Electric Vehicle Battery Current Sensor Market - Supply Chain
4.5. Global Electric Vehicle Battery Current Sensor Market Forecast
4.5.1. Electric Vehicle Battery Current Sensor Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Electric Vehicle Battery Current Sensor Market Size (000 Units) and Y-o-Y Growth
4.5.3. Electric Vehicle Battery Current Sensor Market Absolute $ Opportunity
5. Global Electric Vehicle Battery Current Sensor 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. Electric Vehicle Battery Current Sensor Market Size and Volume Forecast by Type
5.3.1. Open-Loop
5.3.2. Closed-Loop
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Electric Vehicle Battery Current Sensor 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. Electric Vehicle Battery Current Sensor Market Size and Volume Forecast by Application
6.3.1. Full EVs
6.3.2. HEVs
6.3.3. PHEVs
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Electric Vehicle Battery Current Sensor 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. Electric Vehicle Battery Current Sensor 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 Electric Vehicle Battery Current Sensor 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. Electric Vehicle Battery Current Sensor 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 Electric Vehicle Battery Current Sensor Demand Share Forecast, 2019-2026
9. North America Electric Vehicle Battery Current Sensor 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 Electric Vehicle Battery Current Sensor 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 Electric Vehicle Battery Current Sensor Market Size and Volume Forecast by Application
9.4.1. Full EVs
9.4.2. HEVs
9.4.3. PHEVs
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Electric Vehicle Battery Current Sensor Market Size and Volume Forecast by Type
9.7.1. Open-Loop
9.7.2. Closed-Loop
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 Electric Vehicle Battery Current Sensor Demand Share Forecast, 2019-2026
10. Latin America Electric Vehicle Battery Current Sensor 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 Electric Vehicle Battery Current Sensor 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 Electric Vehicle Battery Current Sensor Market Size and Volume Forecast by Application
10.4.1. Full EVs
10.4.2. HEVs
10.4.3. PHEVs
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Electric Vehicle Battery Current Sensor Market Size and Volume Forecast by Type
10.7.1. Open-Loop
10.7.2. Closed-Loop
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 Electric Vehicle Battery Current Sensor Demand Share Forecast, 2019-2026
11. Europe Electric Vehicle Battery Current Sensor 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 Electric Vehicle Battery Current Sensor 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 Electric Vehicle Battery Current Sensor Market Size and Volume Forecast by Application
11.4.1. Full EVs
11.4.2. HEVs
11.4.3. PHEVs
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Electric Vehicle Battery Current Sensor Market Size and Volume Forecast by Type
11.7.1. Open-Loop
11.7.2. Closed-Loop
11.8. Basis Point Share (BPS) Analysis by Type
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 Electric Vehicle Battery Current Sensor Demand Share, 2019-2026
12. Asia Pacific Electric Vehicle Battery Current Sensor 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 Electric Vehicle Battery Current Sensor 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 Electric Vehicle Battery Current Sensor Market Size and Volume Forecast by Application
12.4.1. Full EVs
12.4.2. HEVs
12.4.3. PHEVs
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Electric Vehicle Battery Current Sensor Market Size and Volume Forecast by Type
12.7.1. Open-Loop
12.7.2. Closed-Loop
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 Electric Vehicle Battery Current Sensor Demand Share, 2019-2026
13. Middle East & Africa Electric Vehicle Battery Current Sensor 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 Electric Vehicle Battery Current Sensor 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 Electric Vehicle Battery Current Sensor Market Size and Volume Forecast by Application
13.4.1. Full EVs
13.4.2. HEVs
13.4.3. PHEVs
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Electric Vehicle Battery Current Sensor Market Size and Volume Forecast by Type
13.7.1. Open-Loop
13.7.2. Closed-Loop
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 Electric Vehicle Battery Current Sensor Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Electric Vehicle Battery Current Sensor Market: Market Share Analysis
14.2. Electric Vehicle Battery Current Sensor Distributors and Customers
14.3. Electric Vehicle Battery Current Sensor Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Delphi Automotive
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. TE Connectivity
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Continental
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. DENSO
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Allegro MicroSystems
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. KOHSHIN ELECTRIC CORPORATION
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Asahi Kasei Microdevices
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Standard Motor Products
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. BYD Company
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
