The global industrial current sensor market is projected to grow at a CAGR of 4% - 6% from 2020 to 2025. The growth of industrial current sensor market is driven by rising adoption of IIoT (Industrial Internet of Things) and growth of the automotive industry.

Some of the Key Questions answered in this exclusive report are:
Q.1 What are some of the most promising potential, high-growth opportunities for the industrial current sensor market by sensor type (closed loop and open loop), technology (BICMOS and CMOS), end use industry (automotive, consumer electronics, and industrial automation), and region (North America, Europe, Asia Pacific (APAC), and Rest of the World (ROW))?
Q.2 Which segments will grow at a faster pace and why?
Q.3 What are the business risks and threats to the industrial current sensor market?
Q.4 What are some changing demands of customers in the industrial current sensor market?
Q.5 What are the new developments in the industrial current sensor market? Which companies are leading these developments?
Q.6 What strategic initiatives are being implemented by key players for business growth?
Q.7 What are some of the competitive products and processes in this industrial current sensor area and how big of a threat do they pose for loss of market share via product substitution?
Q.8 What M&A activity has occurred in the last 5 years in this industrial current sensor market?


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Market Segmentation:
Based on sensor type, the industrial current sensor market is segmented into closed loop and open loop), end use industry (BICMOS and CMOS. The open loop current sensor segment accounted for the largest share of the market in 2020 and is expected to register the highest CAGR during the forecast period, due to provide a cost advantage over a closed-loop sensor in high current ranges (over 100 A). The sensor of this type is small in size and light in weight, and they maintain constant power consumption, irrespective of the current levels.
Asia Pacific is expected to witness the highest growth over the forecast period, supported by growth of the automotive and consumer electronics industries.
Key Players in the industrial current sensor market are Honeywell, Infienon, Eaton, Allegro MicroSystems, Kohshin Electric, STMicroelectronics, Texas Instruments, Pulse Electronics, API Technologies, Tamura Corporation of America, and Melaxis.
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The report helps stakeholders understand the pulse of the market and provides them with information on key drivers, restraints, challenges, and opportunities for market growth. It would also help to understand the competitors better and gain more insights to improve their position in the business.
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Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.
Brandon Fitzgerald
Lucintel
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