Trends In Current Sensors

  • 2021-05-08
The current sensor, the English name is a current sensor, also known as a magnetic sensor. It is a detection device that uses the principle of Hall magnetic balance to complete the sensing of the measured current information and output it as the required form of information. It has high sensitivity and resistance. The characteristics of strong interference have been widely used in daily necessities such as smart grids, household appliances, computer hard drives, etc. Studies have shown that the global sensor market is expected to reach 2.61 billion US dollars by 2027, from 2020 to 2027 The compound annual growth rate for the year is 6.3%. The main factors driving the growth of the current sensor market are the increase in the application of industrial robots, the growth trend of the electric vehicle industry and hybrid vehicles, and the rapid adoption of 5G technology.

During the forecast period, North America is expected to occupy the largest share of the sensor market. North America is widely adopting smart homes and accelerating the development of smart cities, which has brought about the proliferation of many electronic systems, including lighting control, HVAC control, home medical equipment, household appliances, etc. The introduction of these devices will increase the deployment of battery management systems and electronic protection systems, thereby promoting the growth of the current sensor market. During the forecast period, growth in the Asia-Pacific region is expected to reach its highest level. The rapid growth in this region is attributed to population growth and rapid urbanization in developing economies such as China and Japan


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