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Current Sensor Market

Current Sensor Market Size, Share, Competitive Landscape and Trend Analysis Report by Sensor Type, Loop Type, Current Sensing Type, Output Type, Distribution Channel and Application: Global Opportunity and Industry Forecast (2025-2030)

Report ID:

1016

Industry:

Electronics

Published on:

July 2025

Current Sensor Market Overview:

Current sensor is an Electronics device made to measure the amount of electric current flowing through a circuit and output the results in either digital or analogue format. In a variety of applications, including consumer electronics, electric vehicles, industrial automation, and renewable energy systems, these sensors are crucial for monitoring and managing electrical systems, guaranteeing effectiveness, safety, and peak performance. Although they provide accurate measurement and monitoring of electrical currents flowing through circuits or systems, current sensors are crucial in a variety of industries. Electrical equipment and systems may be monitored, controlled, and protected in real time thanks to these sensors, which measure and quantify current levels. They are essential parts of hybrid and electric cars, keeping an eye on charging, motor, and battery currents. By giving accurate data on power distribution and consumption, increasing vehicle performance, and maintaining the security of electrical systems, they additionally assist in effective energy management.

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Current Sensor Market Dynamics:

Battery-powered systems are being used more often, and renewable energy is receiving more attention. The market for battery-powered devices continues to grow quickly because of the growing automotive, uninterruptible power supply (UPS), and portable electronic equipment industries.  Increased investments in renewable energy and the quick adoption of electric vehicles are driving growth in the current sensor market.  Battery-powered systems can be advantageous for both wind and solar energy systems.  As a result, the current sensors market is anticipated to grow over the forecast period to increase in renewable energy projects globally. Market value growth will be driven by increased levels of disposable income and urbanization.  Also, the existing sensor market's growth rate will be tempered by the growing demand in the consumer electronics sector and the growing acceptance of hall-effect current sensors.  The increasing use of power management systems in data centers is another important element impacting the growth rate of the industry.

The shipments charges had increased due to the growing use of sensors in consumer electronics, healthcare devices, automated cars, and telecommunications equipment, price erosion has severely hampered sales growth. The intense rivalry among the increasing number of sensor manufacturers is partially to blame for this. Lower ASPs benefit consumers, but they also hampered suppliers' profit margins. The average selling price (ASP) declines as a result of the intense pricing pressure, which restricts revenue growth in the fiercely competitive modern sensor market.

Expert Insight:

The current sensor market is entering a transformative phase as manufacturers integrate AI-based calibration, real-time diagnostics, and IoT connectivity into their designs. Unlike traditional sensors that focus solely on current measurement, next-generation models are enabling predictive maintenance, smart grid optimization, and battery health analytics in EVs and renewable systems. This shift toward intelligent, connected sensing is expected to redefine competitive strategies and open new revenue streams across automotive, industrial, and energy sectors through 2030.

Current Sensor Market Segment Analysis:

The Market is segmented into Sensor Type, Loop Type, Current Sensing Type, Output Type, Distribution Channel and Application

By Sensor Type,

Based on Sensor Type, the market is segmented by Hall effect sensors, Fiber-Optic Sensors, Inductive/CT Sensor, Fluxgate Sensor and Others. Hall effect sensors is dominating the global Current Sensor market thanks to their non-contact, extremely accurate, and long-lasting features. They are perfect for a variety of applications, including EVs, industrial `automation, and renewable energy systems, because they offer accurate measurements for a broad range of currents. Hall-effect Sensor earned 48.1% of sales in 2024 due to stable production lines and demonstrated reliability in power inverters and industrial drives. Still, their bandwidth limit and thermal drift pushed designers towards TMR and fiber-optic solutions. Fiber-optic sensors saw a 12.4% CAGR from 2025 to 2030 as renewable-energy installers requested galvanic-free measurements in high-voltage switchyards.

By Loop Type,

Based on Loop Type, the market is segmented into Open Loop and Closed Loop.  Open-loop segment dominated at 57.3%, balancing cost and safety for 400 V EV packs and 600 V solar inverters. Closed-loop devices, using magnetic feedback for ±0.5% accuracy, saw an 11.3% CAGR as designers improved efficiency measures. These sensors accounted for ambient temperature drift in onboard chargers and servo drives, ensuring that regulators met European eco-design criteria.

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By Application,

Based on End Users, the market is segmented into Industrial automation, Automotive, Consumer Electronics, Telecommunication, Utilities, Medical, Railways, Aerospace & Defense and Others.

The Industrial Automation segment is dominating the Current Sensor Market globally, the industrial sector is expected to maintain the second-highest CAGR in the present sensor market due to the increasing usage of automation, robots, and energy-efficient devices in manufacturing and industrial facilities. As the relevance of Industry 4.0 and intelligent manufacturing grows, so does the demand for accurate current sensing solutions to provide effective power management, motor control, and predictive maintenance in industrial equipment. Current sensors are used to monitor and optimise the efficiency of conveyor systems, motors, and pumps in order to conserve energy and reduce downtime. The rising use of renewable energy sources such as solar and wind power in industrial applications has resulted in increased use of current sensors in energy storage, conversion, and distribution systems.

Current Sensor Market Regional Analysis

The current sensor market in Asia Pacific dominated the global market, accounting for 32.30% in 2023. Development in automobile sales and developments in consumer electronics are expected to drive significant growth in the Asia Pacific current sensing market. The area is experiencing a surge in demand for smartphones, tablets, PCs, and smartwatches, driven by increased urbanisation and digitalisation efforts in nations like as China, Japan, and South Korea. As countries in the area speed their digital transformation agendas, there is a greater demand for improved process automation, error detection, and predictive maintenance capabilities, which is pushing the adoption of current sensor technologies.

Current Sensor Market Scope:

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Current Sensor Market Key Players –

  1. Honeywell International, Inc. (U.S.)

  2. Texas Instruments Incorporated (U.S.)

  3. Infineon Technologies AG (Germany)

  4. Analog Devices. Inc. (U.S.)

  5. GmbH (Germany)

  6. LEM Holdings SA (Switzerland)

  7. Vishay Intertechnology Inc. (U.S.)

  8. Omron Corporation (Japan)

  9. Microchip Technology, Inc. (U.S.)

  10. Schneider Electric (France)

  11. Allegro MicroSystems, Inc. (U.S.)

  12. Asahi Kasei Microdevices Corporation (Japan)

  13. CTS Corporation (U.S.)

  14. KOHSHIN ELECTRIC CORPORATION (Japan)

  15. Melexis (Belgium)

Frequently Ask Questions –


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