Renewable Energy Applications is driving the Global Current Sensor Market, are expected to drive market expansion in the near future at a CAGR of 8.1% during the forecast period 2025 to 2035

Market Research Future (MRFR) has published a cooked research report on the “Global Current Sensor Market” that contains information from 2019 to 2035.

The Global Current Sensor Market is estimated to register a CAGR of 8.1% during the forecast period of 2025 to 2035.

MRFR recognizes the following companies as the key players in the Global Current Sensor Market—  INFINEON TECHNOLOGIES AG, HONEYWELL INTERNATIONAL INC., TEXAS INSTRUMENTS, TAMURA CORPORATION, TDK CORPORATION, ALLEGRO MICROSYSTEMS, LLC, LEM INTERNATIONAL SA, EATON CORPORATION, PULSE ELECTRONICS, NK TECHNOLOGIES, SENSITEC GMBH, SENSOR ELECTRONIC TECHNOLOGY (SET), MELEXIS, ACEINNA, SCHNEIDER ELECTRIC, LUKSENS, SENSATA TECHNOLOGIES, INC., ELECTROHMS PRIVATE LIMITED, MAGNELAB, ICE COMPONENTS, INC.,.

Market Highlights

The Global Current Sensor Market is estimated to register a CAGR of 8.1% during the forecast period and is estimated to reach USD 5,087.1 Million by 2035.

Global demand for electric cars (EVs) is rising as a result of public policy and customer demand. Governments are outlawing new petrol and diesel vehicles to encourage the use of EVs. Consumers are drawn to EVs by environmental concerns, improved battery technology for longer range and faster charging, and lower prices. Sales of sensors are increasing as a result of this trend. To prevent battery overcharging or discharge, EV current sensors track and control the flow of electricity to the motor. Current sensors are useful for EVs. Performance is improved by optimising motor performance and fuel efficiency. By keeping the battery at the proper settings, current sensors reduce pollutants. Early accident prevention and enhanced vehicle safety result from early battery or motor identification. However, there is tremendous competition for market dominance in the sensor industry. Organisations must drive technology development if they want to remain competitive and abide by evolving regulations. EVs present a huge opportunity for the sensor business, notwithstanding these obstacles.

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Segment Analysis

The Global Current Sensor Market has been segmented based on By Loop, By Plasticizer Type, By Technology Type, By Current Range, By Sales Channel, By Application, By End User.

Based on loop, the global Current Sensor market has been segmented into open loop and closed loop. The Open Loop segment dominated the global market in 2024, while the Open Loop is projected to be the fastest–growing segment during the forecast period. consumer electronics, smart city infrastructure, and compliance with safety regulations. There is an increasing emphasis on energy efficiency across industries, commercial buildings, and residential applications, which has led to a rising demand for Open Loop current sensors. These sensors are essential for monitoring and optimizing electrical currents, helping to reduce energy consumption. Open Loop current sensors play a vital role in monitoring and controlling power generation and distribution as the world transitions to renewable energy sources such as solar and wind power.

Based on Sensing Type, the global Current Sensor market has been segmented into Direct Current Sensing and Indirect Current Sensing. The Direct Current Sensing segment dominated the global market in 2024, while the Direct Current Sensing is projected to be the fastest–growing segment during the forecast period. The Direct Current (DC) sensing market is growing due to various factors, including the increasing demand for energy-efficient systems, the growing need for accurate power monitoring and control, and the rising adoption of electric vehicles. The increasing use of battery-powered systems, such as electric vehicles, is driving the demand for DC sensing technology. DC sensors are used to monitor the battery's current and voltage, ensuring the battery's optimal performance. For instance, the Melexis MLX91216 is a direct sensing type current sensor that uses IMC-Hall® technology to measure the current. The sensor provides an analog output voltage proportional to the applied current, making it ideal for use in EV applications where accurate current measurement is critical.

Based on technology type, the global Current Sensor market has been segmented into Isolated Current Sensor and Non-Isolated Current Sensors. The Isolated Current Sensor segment dominated the global market in 2024, while Isolated Current Sensor is projected to be the fastest–growing segment during the forecast period. The growing use of battery-powered systems in various industries such as automotive, consumer electronics, and healthcare is driving the demand for isolated current sensors. These sensors are used to monitor the current flow in battery-powered systems, which helps in optimizing the battery life and improving the overall system performance. For instance, Infineon Technologies offers several isolated, non-contact current sensors that can be used for current detection and monitoring in SiC and GaN applications, including motor control applications. The latest additions to the XENSIV™ family range include TLE4971 high-precision coreless current sensors designed for automotive and industrial applications.

Based on Current Range, the global Current Sensor market has been segmented into Less than 100A, 100A-1000A, and More than 1000A. The Less than 100A segment dominated the global market in 2024, while the Less than 100A is projected to be the fastest–growing segment during the forecast period. The growth of current sensors that can handle less than 100A of electrical current is driven by a few important reasons. First, there have been improvements in the technology used to build these sensors. Second, there is a growing demand for such sensors in various applications. These sensors are needed to accurately measure and control electrical current for safety and monitoring purposes in different parts of a system.

Based on sales channel, the global Current Sensor market has been segmented into Online and Offline. The Offline segment dominated the global market in 2024, while the Online is projected to be the fastest–growing segment during the forecast period. The growth of offline distribution channels in the current sensor market is due to several reasons. Firstly, many customers in the industrial and electronics sectors prefer in-person interactions and demonstrations when purchasing critical components like current sensors. Offline channels provide an opportunity for manufacturers and distributors to establish a direct, face-to-face connection with their customers, building trust and offering personalized solutions. Secondly, technical products like current sensors often require detailed technical support and consultation, which is more readily available through offline channels.

Based on Application, the global Current Sensor market has been segmented into Motor Drives, Converters & Inverters, UPS & SMPS, Generators, Battery Management, Electric Drives, Fast DC Chargers (EV), Overload Detection, Grid Infrastructure, and Automotive Power Trains. The Automotive Power Trains segment dominated the global market in 2024, while the Automotive Power Trains is projected to be the fastest–growing segment during the forecast period. The Automotive Power Trains application segment is experiencing rapid growth in the current sensor market due to several reasons. Firstly, the global shift towards electric and hybrid vehicles has led to an increased demand for precise current sensing solutions to optimize battery management and monitor electric motor performance.

Based on end user, the global Current Sensor market has been segmented into Automotive, Consumer Electronics, Industrial, Healthcare, Energy & Power, Aerospace & Defense, and Others. The Industrial segment dominated the global market in 2024, while the Energy & Power is projected to be the fastest–growing segment during the forecast period. The Industrial end-user segment is experiencing significant growth in the current sensor market due to several reasons. Firstly, industries worldwide are increasingly adopting automation and smart manufacturing practices. Current sensors are integral to these systems, providing real-time monitoring and control of electrical currents in machinery and equipment. Secondly, the push towards energy efficiency and sustainability in the industrial sector is driving the need for accurate power monitoring and management. Current sensors enable precise measurement of energy consumption, allowing industries to optimize resource usage, reduce costs, and meet environmental regulations.

Regional Analysis

The report on the Current Sensor Market has been segmented on the basis of region as: North America, Europe, Asia Pacific, Middle East & Africa, and South America. The Asia-Pacific Current Sensor market accounted for the largest market share in 2024, and Asia-Pacific is expected to exhibit significant CAGR growth during the study period . The current sensor market in the APAC region is witnessing significant growth and development, with key countries such as China, Japan, South Korea, India, and the rest of APAC at the forefront of this transformation.

The current sensor market in the Asia-Pacific (APAC) region is experiencing substantial growth and transformation. Key countries such as China, Japan, South Korea, India, and other APAC nations are at the forefront of advancing this industry. Governments throughout the APAC region are actively investing in current sensor technologies to enhance various sectors, from manufacturing to energy management and beyond. The current sensor market is marked by robust growth, driven by the country's expanding manufacturing sector and the increasing demand for automation. For instance, Chinese manufacturers are adopting current sensors for various applications, such as motor control, solar power generation, and power management. For instance, in June 2022, the introduction of LEM's solar current sensor made with BASF's Ultramid® in China has enhanced the reliability and accuracy of solar power generation in the APAC region, boosting market expansion and competitive advantage. This innovative technology aligns with sustainability goals and has fostered collaborations between local companies, driving growth in the APAC current sensor market

The European current sensor market has been analysed across key countries, including the United Kingdom, Germany, France, Spain, and rest of the Europe. The European current sensor market is experiencing robust growth, driven by a confluence of factors that reflect the region's commitment to energy efficiency, sustainability, and technological innovation. One of the primary drivers of this growth is the continent's unwavering focus on energy efficiency. Europe has actively promoted sustainability and reduced energy consumption, spurring demand for current sensors across various applications. These sensors have become integral to industrial automation, smart grid systems, and electric vehicles, all contributing to the reduction of energy consumption and greenhouse gas emissions. The transition towards electric mobility is another significant factor. Europe's automotive industry has been quick to adapt to stringent emissions standards by embracing electric and hybrid vehicles. Current sensors play a pivotal role in these EVs, monitoring battery and motor performance, ensuring safety, and optimizing energy usage. Europe's commitment to renewable energy integration is also propelling the current sensor market forward. Substantial investments in wind and solar power require efficient and safe electrical current monitoring, where current sensors are indispensable.

Key Findings of the Study

• The Global Current Sensor Market is expected to reach USD 5,087.1 Million by 2035, at a CAGR of 8.1% during the forecast period.


• The Asia-Pacific region accounted for the fastest growth in the global market.


• Based on By End User, the Industrial segment was attributed to holding the largest market in 2024.


• INFINEON TECHNOLOGIES AG, HONEYWELL INTERNATIONAL INC., TEXAS INSTRUMENTS, TAMURA CORPORATION, TDK CORPORATION, ALLEGRO MICROSYSTEMS, LLC, LEM INTERNATIONAL SA, EATON CORPORATION, PULSE ELECTRONICS, NK TECHNOLOGIES, SENSITEC GMBH, SENSOR ELECTRONIC TECHNOLOGY (SET), MELEXIS, ACEINNA, SCHNEIDER ELECTRIC, LUKSENS, SENSATA TECHNOLOGIES, INC., ELECTROHMS PRIVATE LIMITED, MAGNELAB, ICE COMPONENTS, INC. others are the key market players.