Market Overview:
The global closed-loop hall effect current sensor market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for closed-loop hall effect current sensors in industrial automation, automotive, consumer electronics, telecommunication, medical and aerospace & defense applications. Closed-loop hall effect current sensors are used in various applications owing to their features such as high accuracy and linearity over a wide range of currents, low power consumption and small size. These factors are driving the demand for closed-loop hall effect current sensors across different industries. North America is expected to hold the largest share of the global closed-loop hall effect current sensor market in 2018 followed by Europe and Asia Pacific.
Product Definition:
A Closed-loop Hall Effect Current Sensor is a current sensor that uses a feedback loop to maintain accuracy. This type of current sensor is important because it can provide accurate measurements even in electrically noisy environments.
Linear Output:
Linear output is a method to measure the current flow in a straight line. It can be used with any type of sensor, but it is most commonly used with magneto-resistive elements and Hall Effect Current Sensor (HCS). The advantage of using linear output over ammeter or voltmeter is that the former does not require additional current measurement devices along the line.
Threshold Output:
Threshold output is the value which indicates the current threshold for opening of a magnetic field. It's used in closed-loop Hall Effect Current Sensor (HCHES) to detect current flow through a semiconductor channel. The sensor consists of an insulated gate, source and drain electrodes, and a barrier metal layer between them. As electric charges pass through this barrier metal layer an applied magnetic field is generated across its surface which varies as per the passing charge currents.
Application Insights:
The industrial automation segment accounted for the largest revenue share in 2016 and is projected to continue its dominance over the forecast period. The growing demand for energy-efficient sensors that offer enhanced accuracy and stability in chemical, manufacturing, and power plants is expected to drive growth. In addition, increasing investments by governments in smart grid development across various industries are further anticipated to propel industry growth over the coming years.
Regional Analysis:
North America dominated the global market in terms of revenue share in 2017. The growth can be attributed to the presence of a large number of manufacturers and OEMs operating within the region. Hall effect current sensors are widely used for industrial automation, automotive applications, consumer electronics devices, and telecommunication equipment among others. The increasing demand for such sensors from various end-use industries is expected to drive their production as well as sales over the forecast period.
The Asia Pacific regional market is anticipated to witness significant growth over the forecast period owing to rising product demand from key end-use sectors including automotive, aerospace & defense and medical industry primarily due to growing usage in medication monitoring systems.
Growth Factors:
- Increasing demand for energy-efficient systems in automotive and industrial applications
- Growing popularity of electric vehicles and hybrid vehicles
- Rising demand for miniaturized sensors in consumer electronics
- Proliferation of Internet of Things (IoT) and smart homes/buildings
- Development of advanced manufacturing processes and materials
Scope Of The Report
Report Attributes
Report Details
Report Title
Closed-loop Hall Effect Current Sensor Market Research Report
By Type
Linear Output, Threshold Output
By Application
Industrial Automation, Automotive, Consumer Electronics, Telecommunication, Medical, Aerospace & Defense
By Companies
Honeywell, CIRCUTOR, J&D Smart Sensing, Shenzhen Socan Technologies, Electrohms, FW Bell, YHDC Dechang Electric, Magnelab, Vacuumschmelze, Tamura Corporation
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
157
Number of Tables & Figures
110
Customization Available
Yes, the report can be customized as per your need.
Global Closed-loop Hall Effect Current Sensor Market Report Segments:
The global Closed-loop Hall Effect Current Sensor market is segmented on the basis of:
Types
Linear Output, Threshold Output
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
Industrial Automation, Automotive, Consumer Electronics, Telecommunication, Medical, Aerospace & Defense
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:
- Honeywell
- CIRCUTOR
- J&D Smart Sensing
- Shenzhen Socan Technologies
- Electrohms
- FW Bell
- YHDC Dechang Electric
- Magnelab
- Vacuumschmelze
- Tamura Corporation
Highlights of The Closed-loop Hall Effect 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:
- Linear Output
- Threshold Output
- By Application:
- Industrial Automation
- Automotive
- Consumer Electronics
- Telecommunication
- Medical
- Aerospace & Defense
- 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 Closed-loop Hall Effect 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
- 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?
A closed-loop Hall effect current sensor is a type of electronic sensor that uses the principle of Hall Effect to measure electric currents. The sensor consists of two metal plates separated by a dielectric material, and when an electric current flows through the device, it causes a change in the magnetic field around the plates. This change can be detected and used to calculate the magnitude and direction of the current flow.
Some of the key players operating in the closed-loop hall effect current sensor market are Honeywell, CIRCUTOR, J&D Smart Sensing, Shenzhen Socan Technologies, Electrohms, FW Bell, YHDC Dechang Electric, Magnelab, Vacuumschmelze, Tamura Corporation.
The closed-loop hall effect current sensor market is expected to grow at a compound annual growth rate of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Closed-loop Hall Effect Current Sensor Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Closed-loop Hall Effect Current Sensor Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Closed-loop Hall Effect Current Sensor Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Closed-loop Hall Effect Current Sensor Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Closed-loop Hall Effect Current Sensor Market Size & Forecast, 2020-2028
4.5.1 Closed-loop Hall Effect Current Sensor Market Size and Y-o-Y Growth
4.5.2 Closed-loop Hall Effect Current Sensor Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Linear Output
5.2.2 Threshold Output
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Industrial Automation
6.2.2 Automotive
6.2.3 Consumer Electronics
6.2.4 Telecommunication
6.2.5 Medical
6.2.6 Aerospace & Defense
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Closed-loop Hall Effect Current Sensor Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Closed-loop Hall Effect Current Sensor Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Linear Output
9.6.2 Threshold Output
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Industrial Automation
9.10.2 Automotive
9.10.3 Consumer Electronics
9.10.4 Telecommunication
9.10.5 Medical
9.10.6 Aerospace & Defense
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Linear Output
10.6.2 Threshold Output
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Industrial Automation
10.10.2 Automotive
10.10.3 Consumer Electronics
10.10.4 Telecommunication
10.10.5 Medical
10.10.6 Aerospace & Defense
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Linear Output
11.6.2 Threshold Output
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Industrial Automation
11.10.2 Automotive
11.10.3 Consumer Electronics
11.10.4 Telecommunication
11.10.5 Medical
11.10.6 Aerospace & Defense
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Linear Output
12.6.2 Threshold Output
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Industrial Automation
12.10.2 Automotive
12.10.3 Consumer Electronics
12.10.4 Telecommunication
12.10.5 Medical
12.10.6 Aerospace & Defense
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size 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 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Linear Output
13.6.2 Threshold Output
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Industrial Automation
13.10.2 Automotive
13.10.3 Consumer Electronics
13.10.4 Telecommunication
13.10.5 Medical
13.10.6 Aerospace & Defense
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Closed-loop Hall Effect Current Sensor Market: Competitive Dashboard
14.2 Global Closed-loop Hall Effect Current Sensor Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Honeywell
14.3.2 CIRCUTOR
14.3.3 J&D Smart Sensing
14.3.4 Shenzhen Socan Technologies
14.3.5 Electrohms
14.3.6 FW Bell
14.3.7 YHDC Dechang Electric
14.3.8 Magnelab
14.3.9 Vacuumschmelze
14.3.10 Tamura Corporation
