Market Overview:
The global hall-effect current sensor market is expected to grow at a CAGR of 6.5% from 2018 to 2030. The growth of the market can be attributed to the increasing demand for energy-efficient and smart devices, rising adoption of hall-effect current sensors in automotive applications, and growing demand for miniaturized sensors. However, the high cost associated with the development and deployment of these sensors may restrain the growth of this market during the forecast period. Based on type, linear (analogous) electrofluid detectors are expected to hold a major share of this market during the forecast period. These detectors are used in various applications such as industrial automation, home appliance, medical equipment, public utilities transportation systems (railways), communication systems (satellite), aerospace systems etc.
Product Definition:
A Hall-effect current sensor is a type of electric current sensor that uses the Hall effect to measure the magnitude of an electric current. The Hall effect is the production of a voltage difference across an electrical conductor, transverse to the electric current, when there is a magnetic field perpendicular to the direction of flow of the electrons in the conductor. This voltage difference can be used to measure either or both magnitude and direction (polarity) of electric currents.
Linear (Analogous) Electroflu Detector:
Analogous (Linear) Electroflu Detector is a device used to measure the electric current. It consists of two conductors, one of which is fixed and the other moves back and forth over the first. As an object passes between these conductors, an electrical signal is generated that can be measured to determine the strength of current flowing through it.
Threshold (Digital) Electroflu Detector:
Threshold (digital) electroflu detector is a device used to measure the electric potential of an object. It works on the principle of oxidation and reduction of silver by electrolyte in presence which fluctuation in potential it detects. The threshold value is defined as half way between two consecutive values that a current can flow through a conductor when it is at rest or conducting electricity.
Theory: Threshold voltage depends upon number of electron pairs, ionic strength, temperature etc.
Application Insights:
The industrial automation segment dominated the global hall-effect current sensor market in terms of revenue in 2017. The increasing use of HAC sensors for controlling machinery and equipment is one of the key factors contributing to their high demand. Furthermore, growing investments by companies for the development of advanced products for industrial automation applications will fuel industry growth over the forecast period. Hall effect sensors are used as switches in automated manufacturing systems, material handling equipment, and packaging machines among others to ensure reliable operation and safety interlockings between machine components.
The home appliances segment is expected to grow at a CAGR exceeding 9% from 2018 to 2030 owing to rising product demand from major manufacturers such as Samsung Electronics Co., Ltd., Whirlpool Corporation, General Electric Company; Panasonic Corporation; Haier Inc.; AEG Electrolux SĻdwest GmbH; IFAuto Ltd.; Maytronics Limited; Midea Group Co., Ltd.; etc.
Regional Analysis:
The Hall-effect current sensor market in the Asia Pacific region is expected to grow at a significant rate over the forecast period. This growth can be attributed to increasing industrial automation and rising demand for consumer electronics with improved battery life. The growing adoption of digital services has led to an increase in demand for such sensors, which is further expected to drive the regional market over the forecast period.
The North American region accounted for a major share owing to high product penetration by various manufacturers including Infineon Technologies; Texas Instruments; and Maxim Integrated Products Inc., among others. Moreover, presence of numerous end-use industries including aerospace & defense, automotive & transportation, communication industry also drives this regional market growth forward.
In Europe as well, Hall Effect current sensing technology finds application in numerous fields such as medical devices (surgical instruments), public utilities (street lighting), home appliances (water management systems) etc.
Growth Factors:
- Increasing demand for Hall-Effect Current Sensor in automotive industry for efficient current sensing and monitoring.
- Growing popularity of Hall-Effect Current Sensor in renewable energy sector to measure the flow of current in solar and wind power systems.
- Rising demand from consumer electronics sector for advanced current sensing solutions in portable devices and smart gadgets.
- Proliferation of Internet of Things (IoT) across various industrial sectors is expected to create new opportunities for Hall-Effect Current Sensor market growth over the forecast period.
- Technological advancements in Hall-Effect Current Sensor design and manufacturing are anticipated to boost the market growth during the forecast period
Scope Of The Report
Report Attributes
Report Details
Report Title
Hall-Effect Current Sensor Market Research Report
By Type
Linear (Analogous) Electroflu Detector, Threshold (Digital) Electroflu Detector
By Application
Industrial Automation, Home Appliance, Medical, Public Utilities, The Railway, Communication, Aerospace, Other
By Companies
ABB, ALLEGRO MICROSYSTEMS, Asahi Kasei Microdevices, INFINEON TECHNOLOGIES, HONEYWELL INTERNATIONAL, STMICROELECTRONICS, LEM HOLDING, KOHSHIN ELECTRIC, MELEXIS NV, TDK
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
238
Number of Tables & Figures
167
Customization Available
Yes, the report can be customized as per your need.
Global Hall-Effect Current Sensor Market Report Segments:
The global Hall-Effect Current Sensor market is segmented on the basis of:
Types
Linear (Analogous) Electroflu Detector, Threshold (Digital) Electroflu Detector
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, Home Appliance, Medical, Public Utilities, The Railway, Communication, Aerospace, Other
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:
- ABB
- ALLEGRO MICROSYSTEMS
- Asahi Kasei Microdevices
- INFINEON TECHNOLOGIES
- HONEYWELL INTERNATIONAL
- STMICROELECTRONICS
- LEM HOLDING
- KOHSHIN ELECTRIC
- MELEXIS NV
- TDK
Highlights of The 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 (Analogous) Electroflu Detector
- Threshold (Digital) Electroflu Detector
- By Application:
- Industrial Automation
- Home Appliance
- Medical
- Public Utilities
- The Railway
- Communication
- Aerospace
- Other
- 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 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.
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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?
A Hall-Effect current sensor is a type of electronic sensor that uses the Hall effect to detect currents. The Hall effect occurs when a metal conductor, such as an electrode in an electrochemical cell, experiences a change in its magnetic field due to an electric current flowing through it. This change in magnetic field causes the voltage across the conductor to vary, and can be used to measure the magnitude and direction of the current flow.
Some of the key players operating in the hall-effect current sensor market are ABB, ALLEGRO MICROSYSTEMS, Asahi Kasei Microdevices, INFINEON TECHNOLOGIES, HONEYWELL INTERNATIONAL, STMICROELECTRONICS, LEM HOLDING, KOHSHIN ELECTRIC, MELEXIS NV, TDK.
The hall-effect current sensor market is expected to register a CAGR of 6.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Hall-Effect 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. Hall-Effect 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. Hall-Effect Current Sensor Market - Supply Chain
4.5. Global Hall-Effect Current Sensor Market Forecast
4.5.1. Hall-Effect Current Sensor Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Hall-Effect Current Sensor Market Size (000 Units) and Y-o-Y Growth
4.5.3. Hall-Effect Current Sensor Market Absolute $ Opportunity
5. Global Hall-Effect 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. Hall-Effect Current Sensor Market Size and Volume Forecast by Type
5.3.1. Linear (Analogous) Electroflu Detector
5.3.2. Threshold (Digital) Electroflu Detector
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Hall-Effect 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. Hall-Effect Current Sensor Market Size and Volume Forecast by Application
6.3.1. Industrial Automation
6.3.2. Home Appliance
6.3.3. Medical
6.3.4. Public Utilities
6.3.5. The Railway
6.3.6. Communication
6.3.7. Aerospace
6.3.8. Other
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Hall-Effect 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. Hall-Effect 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 Hall-Effect 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. Hall-Effect 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 Hall-Effect Current Sensor Demand Share Forecast, 2019-2026
9. North America Hall-Effect 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 Hall-Effect 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 Hall-Effect Current Sensor Market Size and Volume Forecast by Application
9.4.1. Industrial Automation
9.4.2. Home Appliance
9.4.3. Medical
9.4.4. Public Utilities
9.4.5. The Railway
9.4.6. Communication
9.4.7. Aerospace
9.4.8. Other
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Hall-Effect Current Sensor Market Size and Volume Forecast by Type
9.7.1. Linear (Analogous) Electroflu Detector
9.7.2. Threshold (Digital) Electroflu Detector
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 Hall-Effect Current Sensor Demand Share Forecast, 2019-2026
10. Latin America Hall-Effect 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 Hall-Effect 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 Hall-Effect Current Sensor Market Size and Volume Forecast by Application
10.4.1. Industrial Automation
10.4.2. Home Appliance
10.4.3. Medical
10.4.4. Public Utilities
10.4.5. The Railway
10.4.6. Communication
10.4.7. Aerospace
10.4.8. Other
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Hall-Effect Current Sensor Market Size and Volume Forecast by Type
10.7.1. Linear (Analogous) Electroflu Detector
10.7.2. Threshold (Digital) Electroflu Detector
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 Hall-Effect Current Sensor Demand Share Forecast, 2019-2026
11. Europe Hall-Effect 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 Hall-Effect 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 Hall-Effect Current Sensor Market Size and Volume Forecast by Application
11.4.1. Industrial Automation
11.4.2. Home Appliance
11.4.3. Medical
11.4.4. Public Utilities
11.4.5. The Railway
11.4.6. Communication
11.4.7. Aerospace
11.4.8. Other
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Hall-Effect Current Sensor Market Size and Volume Forecast by Tpe
11.7.1. Linear (Analogous) Electroflu Detector
11.7.2. Threshold (Digital) Electroflu Detector
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 Hall-Effect Current Sensor Demand Share, 2019-2026
12. Asia Pacific Hall-Effect 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 Hall-Effect 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 Hall-Effect Current Sensor Market Size and Volume Forecast by Application
12.4.1. Industrial Automation
12.4.2. Home Appliance
12.4.3. Medical
12.4.4. Public Utilities
12.4.5. The Railway
12.4.6. Communication
12.4.7. Aerospace
12.4.8. Other
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Hall-Effect Current Sensor Market Size and Volume Forecast by Type
12.7.1. Linear (Analogous) Electroflu Detector
12.7.2. Threshold (Digital) Electroflu Detector
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 Hall-Effect Current Sensor Demand Share, 2019-2026
13. Middle East & Africa Hall-Effect 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 Hall-Effect 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 Hall-Effect Current Sensor Market Size and Volume Forecast by Application
13.4.1. Industrial Automation
13.4.2. Home Appliance
13.4.3. Medical
13.4.4. Public Utilities
13.4.5. The Railway
13.4.6. Communication
13.4.7. Aerospace
13.4.8. Other
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Hall-Effect Current Sensor Market Size and Volume Forecast by Type
13.7.1. Linear (Analogous) Electroflu Detector
13.7.2. Threshold (Digital) Electroflu Detector
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 Hall-Effect Current Sensor Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Hall-Effect Current Sensor Market: Market Share Analysis
14.2. Hall-Effect Current Sensor Distributors and Customers
14.3. Hall-Effect Current Sensor Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. ABB
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. ALLEGRO MICROSYSTEMS
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Asahi Kasei Microdevices
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. INFINEON TECHNOLOGIES
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. HONEYWELL INTERNATIONAL
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. STMICROELECTRONICS
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. LEM HOLDING
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. KOHSHIN ELECTRIC
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. MELEXIS NV
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. TDK
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
