Current Sensor Market is expected to reach $1.9 Billion by 2028- An exclusive market research report by Lucintel

Lucintel’s latest market report analyzed that current sensor provides attractive opportunities in the automotive, consumer electronics, telecom & networking, healthcare, industrial, and energy sectors. The current sensor market is expected to reach $1.9 billion by 2028 with a CAGR of 9.3%. In this market, isolated sensor is the largest segment by technology, whereas Consumer electronic is largest by end use industry.

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Based on technology, the current sensor market is segmented into isolated current sensors and non-isolated current sensors. The isolated sensors segment accounted for the largest share of the market in 2023 and is expected to register the highest CAGR during the forecast period, as isolation of current sensing circuitry is required for technical and regulatory requirements in various applications, such as line-operated commercial and industrial motors.

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The Current Sensor Market is marked by the presence of several big and small players. Some of the prominent players offering current sensor include Allegro MicroSystems, TDK, Infineon Technologies, Melexis NV, and Honeywell.

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This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link helpdesk@lucintel.com.

About Lucintel

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.

Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com 
Tel. 972.636.5056

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