Global Electric Vehicle Battery Current Sensor Market 2017-2021
About Electric Vehicle Battery Current Sensor
Battery current sensors are used to measure the flow of electricity in and out of EV batteries. They are used in EVs to calculate the battery status, i.e., the amount that the battery has charged or the remaining battery capacity or time left to charge the battery. The performance of EV battery depends upon the battery sensor. EV battery current sensor market is analyzed based on the number of EVs and HEVs present in the market and the number of battery current sensors used in EVs and HEVs. Automotive electronics, such as microprocessor-based automotive engine control modules, are being used in the automotive domain since the 1970s.
Technavio’s analysts forecast the global electric vehicle battery current sensor market to grow at a CAGR of 41.63% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global electric vehicle battery current sensor market for 2017-2021. To calculate the market size, the report considers the revenue generated from sale of battery current sensors used in EVs and HEVs.
The market is divided into the following segments based on geography:
Technavio's report, Global Electric Vehicle Battery Current Sensor Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Other prominent vendors
Asahi Kasei Microdevices
Standard Motor Products
Improved cell performance in EV batteries will improve the performance of EVs and reduce their price
What will the market size be in 2021 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
Technavio Announces the Publication of its Research Report – Global Electric Vehicle Battery Current Sensor Market 2017-2021
Technavio recognizes the following companies as the key players in the global electric vehicle battery current sensor market: DENSO, Delphi Automotive, Continental, and TE Connectivity
Other Prominent Vendors in the market are: Allegro MicroSystems, Asahi Kasei Microdevices, BYD Company, KOHSHIN ELECTRIC, and Standard Motor Products.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is Customer programmable monolithic sensor integrated circuit (IC) featuring Triaxis technology. The customer programmable monolithic sensor IC featuring the Triaxis technology provides new opportunities for contactless current sensing in renewable energy applications, HEVs, and EVs. With the help of this sensor, users can construct small and economical battery current sensor solutions with fast response time.”
According to the report, one of the major drivers for this market is Improved cell performance in EV batteries will improve the performance of EVs and reduce their price. Though economic and environmental factors are in favor of EVs, the main limitation in the adoption of EVs is the battery technology. The scalability and micro-level manufacturing tolerance enjoyed by silicon chips are not enjoyed by lithium ion batteries. Lithium is a highly unstable element due to which lithium ion batteries are fire hazardous. They are prone to overheating and catching fire. Constant monitoring of cells is required to prevent the lithium ion batteries in EVs from catching fire. This requires numerous voltage sensors and a current sensor.
Further, the report states that one of the major factors hindering the growth of this market is Current sensor failure leads to failure of BMS. A BMS is essential to operate EVs and HEVs effectively in all climates. The life and cost of EVs and HEVs depend upon the battery performance. The availability of discharge power is influenced by the battery temperature during energy recovery from regenerative braking.
DENSO, Delphi Automotive, Continental, and TE Connectivity, Allegro MicroSystems, Asahi Kasei Microdevices, BYD Company, KOHSHIN ELECTRIC, and Standard Motor Products.