Market Research Logo

Global Industrial Current Sensor Market 2017-2021

Global Industrial Current Sensor Market 2017-2021

About Industrial Current Sensor

Current sensors can read determine the type of current that is AC or DC, after which they generate analog or digital signals. Current sensors detect and convert an electric current to an output voltage that can easily be measured. Current sensors work on two current levels that are AC and DC. The current sensing process through DC involves measuring the drop in voltage, which is associated with the current passing through passive electrical components. While in AC, the measurement of the magnetic field surrounding the conductor takes place through which the AC current passes. These are the two most basic principles on which the current sensors.

Technavio’s analysts forecast the global industrial current sensor market to grow at a CAGR of 9.58% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global industrial current sensor market for 2017-2021. To calculate the market size, the report considers the new installations, sales, replacement, retrofit and services market.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Industrial 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.

Key vendors
  • Honeywell
  • Infineon Technologies
  • Eaton
  • Allegro MicroSystems
Other prominent vendors
  • Shenzhen Socan Technology
  • Pewatron
  • VACUUMSCHMELZE
  • VPInstruments
  • DENT Instruments
  • J&D
Market driver
  • Current sensors are easy to integrate with existing applications
  • For a full, detailed list, view our report
Market challenge
  • Connectivity challenges of current sensors
  • For a full, detailed list, view our report
Market trend
  • Rising adoption of IIoT
  • For a full, detailed list, view our report
Key questions answered in this report
  • 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?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Press Release

Technavio Announces the Publication of its Research Report – Global Industrial Current Sensor Market 2017-2021

Technavio recognizes the following companies as the key players in the global industrial current sensor market: Honeywell, Infineon Technologies, Eaton, and Allegro MicroSystems.

Other Prominent Vendors in the market are: Shenzhen Socan Technology, Pewatron, VACUUMSCHMELZE,

VPInstruments, DENT Instruments, and J&D.

Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is Rising adoption of IIoT. The IIoT enables a large number of sensors to get connected to the overall industrial facility through the cloud technology. With the help of the IIoT, many current sensors that are deployed in different points within an industry can be integrated as one unit, as the response generated by each sensor is obtained at one place. Through smart current sensors, applications carried out in harsh atmospheres can be analyzed properly to derive meaningful information. Smart sensors enable operations to be carried out with less downtime, they minimize the lead-time, reduce inventory level, and enable better efficiency in processes.”

According to the report, one of the major drivers for this market is Current sensors are easy to integrate with existing applications. Current sensors are small and easy to integrate into equipment. Industries do not need any additional devices to measure current if they have deployed current sensors. These sensors are sufficient to calculate and regulate current efficiently. Therefore, there is no additional space required for mounting many devices on an equipment. Without changing the existing infrastructure, these sensors can also be mounted easily on an equipment placed in remote areas of industries. Current sensors are easily switchable from one version to another. This makes it convenient for end-users to retain their existing infrastructure or processes and accommodate any current sensor available in the market seamlessly into the operations.

Further, the report states that one of the major factors hindering the growth of this market is Connectivity challenges of current sensors. Sensors are used for several processes within a facility and exist in various easily mountable formats. These sensors are connected to the Internet to collate data generated from different current sensors attached within industries. However, the Internet access becomes a significant problem for the end-users. The differences in the level of connection results in discrepancies in readings obtained from sensors. This connectivity challenge impacts the effectiveness of current sensors. The variability in readings obtained affects the processes within the facilities.

Companies Mentioned

Honeywell, Infineon Technologies, Eaton, Allegro MicroSystems, Shenzhen Socan Technology, Pewatron, VACUUMSCHMELZE, VPInstruments, DENT Instruments, and J&D.

  • Executive summary
  • Scope of the report
  • Research Methodology
  • Introduction
    • Market outline
      • Table Advantages of current sensors
      • Table Specifications of current sensors
      • Table Advantages of sensors over conventional current measuring devices
  • Market landscape
    • Market overview
      • Table Segmentation of global industrial current sensor market
      • Table Techno-economic factors affecting global industrial current sensor market
    • Market size and forecast
      • Table Global industrial current sensor market 2016-2021 ($ millions)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by end-user
    • Market overview
      • Table Global industrial current sensor market by application 2016 and 2021 (% revenue)
    • Global industrial current sensor market by power industry
      • Table Global industrial current sensor market in power industry 2016-2021 ($ millions)
    • Global industrial current sensor market by electronics and telecommunication industry
      • Table Global industrial current sensor market by electronics and telecommunication industry 2016-2021 ($ millions)
      • Table Applications of current sensors in electronics industry
    • Global industrial current sensor market by automotive industry
      • Table Global industrial current sensor market in automotive industry 2016-2021 ($ millions)
  • Market segmentation by product type
    • Market overview
      • Table Global industrial current sensor market by product type 2016 and 2021 (% revenue)
    • Global industrial current sensor market by closedloop current sensors
      • Table Global industrial current sensor market by closed-loop current sensors 2016-2021 ($ millions)
      • Table Advantages of closed-loop sensors
    • Global industrial current sensor market by openloop current sensors
      • Table Global industrial current sensor market by open-loop current sensors 2016-2021 ($ millions)
      • Table Features of open-loop current sensors
      • Table Advantages of open-loop current sensors
  • Market segmentation by technology
    • Market overview
      • Table Global industrial current sensor market by technology 2016 and 2021 (% revenue)
    • Global industrial current sensor market by halleffect technology
      • Table Global industrial current sensor market by hall-effect technology 2016-2021 ($ millions)
      • Table Features of hall-effect technology
    • Global industrial current sensor market by inductive technology
      • Table Global industrial current sensor market by inductive technology 2016-2021 ($ millions)
  • Geographical segmentation
    • Market overview
      • Table Global industrial current sensor market by geography 2016 and 2021 (% revenue)
      • Table Adoption rate of industrial current sensors
    • Industrial current sensor market in APAC
      • Table Industrial current sensor market in APAC 2016-2021 ($ millions)
      • Table Upcoming development projects in APAC
    • Industrial current sensor market in Americas
      • Table Industrial current sensor market in Americas 2016-2021 ($ millions)
      • Table Upcoming development projects in Americas
    • Industrial current sensor market in EMEA
      • Table Industrial current sensor market in EMEA 2016-2021 ($ millions)
      • Table Upcoming development projects in EMEA
  • Decision framework
  • Drivers and challenges
    • Market drivers
      • Table Types of mounting techniques for current sensors
    • Market challenges
  • Market trends
    • Rising adoption of IIoT
    • One sensor for many applications
    • Remote sensing capability
  • Vendor landscape
    • Competitive overview
    • Other prominent vendors
      • Table Other prominent vendors
  • Key vendor analysis
    • Honeywell
      • Table Types of Honeywell industrial current sensors
      • Table Honeywell: Product portfolio
      • Table Honeywell: Recent developments
    • Infineon Technologies
      • Table Infineon Technologies: Product portfolio
      • Table Infineon Technologies: Recent developments
    • Eaton
      • Table Eaton: Product portfolio
      • Table Eaton: Recent developments
    • Allegro MicroSystems
      • Table Allegro MicroSystems: Product portfolio
      • Table Allegro MicroSystems: Recent developments
  • Appendix
    • List of abbreviations
  • Explore Technavio

Download our eBook: How to Succeed Using Market Research

Learn how to effectively navigate the market research process to help guide your organization on the journey to success.

Download eBook

Share this report