Dublin, May 25, 2023 (GLOBE NEWSWIRE) -- The "Hall-Effect Current Sensors: Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
The global market for Hall-Effect Current Sensors estimated at US$982.1 Million in the year 2022, is projected to reach a revised size of US$1.8 Billion by 2030, growing at a CAGR of 7.6% over the analysis period 2022-2030.
Open-Loop, one of the segments analyzed in the report, is projected to record 7.4% CAGR and reach US$911.1 Million by the end of the analysis period.
Taking into account the ongoing post pandemic recovery, growth in the Closed-Loop segment is readjusted to a revised 7.9% CAGR for the next 8-year period.
The U.S. Market is Estimated at $254.7 Million, While China is Forecast to Grow at 9.5% CAGR
The Hall-Effect Current Sensors market in the U.S. is estimated at US$254.7 Million in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$211.9 Million by the year 2030 trailing a CAGR of 9.5% over the analysis period 2022 to 2030.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 6.6% and 7.3% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 7.3% CAGR.
Select Competitors (Total 50 Featured) -
- ABB Ltd.
- Allegro MicroSystems LLC.
- American Aerospace Controls Inc.
- Asahi Kasei Microdevices Corporation
- Electrohms Private Limited
- Honeywell International Inc.
- Infineon Technologies AG
- Kohshin Electric Corporation
- Lem Holding SA
- Magnesensor Technology
- Melexis NV
- Pulse Electronics Corporation
- STMicroelectronics N.V.
- TDK Corporation
- Vacuumschmelze GmbH & Co. KG
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 462 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value (USD) in 2022 | $982.1 Million |
| Forecasted Market Value (USD) by 2030 | $1800 Million |
| Compound Annual Growth Rate | 7.9% |
| Regions Covered | Global |
Key Topics Covered:
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
- Influencer Market Insights
- COVID-19 Outbreak Poised to Dent Market Prospects in the Immediate Term
- Prevailing Weak Global Economic Environment & Negative Tide in GDP Forecasts Strongly Discourage the Hall-Effect Current Sensor Market in Short Term
- World Economic Growth Projections (Real GDP, annual % Change) for 2019, 2020 & 2021
- Global PMI Index Points for the Years 2018, 2019 & 2020
- Business Climate Indicator in the Euro Area for the Period June 2019 to May 2020
- Business Confidence Index (BCI) Points for 3Q 2019, 4Q 2019, 1Q 2020, & 2Q 2020
- Global Sensor Industry
- World Sensors Market by Application Segment (2020): Percentage Breakdown of Dollar Sales for Automobile Applications, Process & Manufacturing Industries, Machine Tools & General Machinery, HVAC & Building Control, Office Automation & Communication, and Other Markets
- An Introduction to Current Sensors
- Hall-Effect Technology
- Hall-Effect Sensors
- Different Classifications of Hall-Effect Sensors
- Hall-Effect Sensors: Select Applications
- Important Considerations in Designing Hall-Effect Sensors
- Rising Application Gamut Makes Global Hall-Effect Current Sensor Market to Exhibit Robust Growth Prospects in Medium Term
- Faster Response & High Accuracy Allow Closed-Loop Current Sensors to Display High Growth
- World Hall-Effect Current Sensors Market by Type (2020 & 2027): Percentage Breakdown of Sales for Open-Loop, and Closed-Loop
- Merits of BiCMOS Technology Overshadow CMOS
- World Hall-Effect Current Sensors Market by Technology (2020 & 2027): Percentage Breakdown of Sales for BiCMOS, and CMOS
- End-Use Market Analysis: Rising Integration of Electronics Makes Automotive to Enjoy Fastest Growth in Hall-Effect Current Sensor Market
- World Hall-Effect Current Sensors Market by End-Use (2020 & 2027): Percentage Breakdown of Sales for Industrial Automation, Automotive, Consumer Electronics, Telecommunications, Utilities, and Other End-Uses
- Regional Analysis: North America Holds Commanding Position in Global Hall-Effect Current Sensor Market
- World Hall-Effect Current Sensors Market (2020 & 2027): Percentage Breakdown of Sales for Developed and Developing Regions
- World Hall-Effect Current Sensors Market - Geographic Regions Ranked by Value CAGR for 2020-2027: China, Asia-Pacific, Latin America, Rest of World, USA, Canada, Europe, and Japan
- Competitive Scenario
- Recent Market Activity
- Hall-Effect Current Sensors - Global Key Competitors Percentage Market Share in 2022 (E)
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
- Trends in Industrial Automation Augurs Well
- Industry 4.0 & Smart Factory to Steer Future Expansion
- Global Investments on Industry 4.0 Technologies (in US$ Billion) for the Years 2017, 2020, & 2023
- Automotive Industry: Major Consumer
- World Automobile Production in Million Units: 2008-2022
- Anti-Lock Braking Systems
- Opportunities in Consumer Electronics Sector
- Smartphones & Tablets Boost Prospects
- Global Market for Smartphones in Billions: 2016-2021
- Smartphone Penetration Rate as Share of Total Population: 2016-2021
- Telecommunication: Growing End-Use Vertical
- Medical Industry Applications: Hall-effect Sensor Competes with TMR Sensor
- Widening Role of Magnetic Sensors Bodes Well
- Innovations & Advancements
- Select Innovations
- Market Challenges
- Rise in Demand for Low-priced Products
- Technological Limitations
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
IV. COMPETITION
For more information about this report visit https://www.researchandmarkets.com/r/tkppy1
About ResearchAndMarkets.com
ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
Attachment
