Global Current Sensor Market Overview
Current Sensor Market Size was valued at USD 2,079.3 Million in 2024. The Global Current Sensor industry is projected to grow from USD 2,175.8 Million in 2025 to USD 5,087.1 Million by 2035, exhibiting a compound annual growth rate (CAGR) of 8.1% during the forecast period (2025 - 2035).
Ev Adoption Drives Current Sensor Market and Rise In Number Of Smart Cities Projects And Rapidly Increasing Use of Battery-Powered And Renewable Energy Applications is driving the Global Current Sensor Market.
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
Current Sensor Market Trends
GROWTH OF INDUSTRIAL IOT
In the midst of COVID-19, the deployment of IoT and IIoT with current sensors and the rising production of hybrid and electric cars create a significant need for current sensors. IoT is significant to the information technology industry. When a variety of information-sensing devices are integrated with the internet, a network of sensors is created. Additionally, the IoT generates a significant need for advanced connected devices that support M2M and device interoperability in accordance with connected environment requirements.
The transmission of internet- and cloud-based content, smart grid applications, healthcare and safety monitoring, resource and inventory management, home entertainment, linked transportation, and other M2M data applications are witnessing high adoption are all predicted to significantly increase network traffic as a result of the connectivity of devices. In addition, IoT technology has recently seen significant government support and technological advancement in a number of countries. In 2024, 3.5 billion cellular IoT connections are anticipated, according to Ericsson. The next industrial revolution in intelligent connectivity is being fueled by IoT as the traditional manufacturing sector undergoes a digital transition. This is altering how businesses approach ever-more complicated systems and machinery to increase productivity and decrease downtime, which is favourable for the expansion of the current sensor industry.
Current Sensor Market Segment Insights
Global Current Sensor Loop Insights
Based on loop, the 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.
Global Current Sensor Sensing Type Insights
Based on Sensing Type, the 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. The MLX91216 is a high-speed, high-accuracy current sensor that can measure currents from 200 to 2000 A, making it suitable for use in a wide range of EV applications.
Global Current Sensor Technology Insights
Based on technology type, the 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.
Global Current Sensor Current Range Insights
Based on Current Range, the 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.
These current sensors are small and have a square-hole design. They are quite precise, with an accuracy of 1.0%. They provide an output signal in the range of 0-4V or 0-5V and require a power supply of ±15V. They can respond very quickly, in just 5 microseconds. These sensors are known for their accuracy and reliability. They can handle the current well, but they do have limits when it comes to heat on the circuit board. They are designed to be mounted directly on circuit boards and typically have three main pins for connection. All these features have contributed to the growth of the market for current sensors that handle less than 100A of current.
Global Current Sensor Sales Channel Insights
Based on sales channel, the 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. Lastly, offline distributors can cater to a wider geographic reach, particularly in regions with limited internet connectivity, ensuring accessibility to a broader customer base. These factors collectively contribute to the continued growth of offline distribution channels in the current sensor market.
Figure 1: GLOBAL CURRENT SENSOR MARKET, BY SALES CHANNEL, 2024 & 2035 (USD Million)
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
Global Current Sensor Application Insights
Based on Application, the 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. Secondly, stringent environmental regulations and the need for energy-efficient transportation have driven automotive manufacturers to invest in advanced powertrain technologies, further boosting the demand for current sensors. Moreover, the integration of advanced driver-assistance systems (ADAS) and autonomous driving features requires accurate current monitoring for safety and control, contributing to the segment's expansion.
Global Current Sensor End User Insights
Based on end user, the 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.
Global Current Sensor Regional Insights
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
Figure 2: GLOBAL CURRENT SENSOR MARKET, BY REGION, 2024 & 2035 (USD Million)
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
Further, the major countries studied in the market report are the U.S., Canada, Mexico, Germany, France, Italy, UK, Spain, Japan, UAE, South Africa, Saudi Arabia, Argentina, and Brazil.
Global Current Sensor Key Market Players & Competitive Insights
Many global, regional, and local vendors characterize the Current Sensor Market. The market is highly competitive, with all the players competing to gain market share. Intense competition, rapid advances in technology, frequent changes in government policies, and environmental regulations are key factors that confront market growth. The vendors compete based on cost, product quality, reliability, and government regulations. Vendors must provide cost-efficient, high-quality products to survive and succeed in an intensely competitive market.
The major players in the market include 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., among, others. The Current Sensor Market is a consolidated market due to increasing competition, acquisitions, mergers and other strategic market developments and decisions to improve operational effectiveness.
Key Companies in the Current Sensor Market include
- 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.
Current Sensor Market Segmentation
Current Sensor Market by Loop Outlook (USD Million, 2019-2035)
Current Sensor Market by Sensing Type Outlook (USD Million, 2019-2035)
- Direct Current Sensing
- Indirect Current Sensing
Current Sensor Market by Technology Type Outlook (USD Million, 2019-2035)
- Isolated Current Sensor
- Magnetic Current Sensor
- Hall Effect
- Flux Gate
- AMR Current Senor
- GMR-Based Current Sensor
- Others
- Isolated Amplifiers
- Isolated Analog to Digital Converters (ADCs)
- Non-Isolated Current Sensors
- Current Sensing Amplifiers
- Difference Amplifiers
- Instrumentation Amplifiers
- General Purpose Amplifiers
- Analog Current Sense Amplifiers
- Others
- Analog-to-Digital Converters (ADCs)
- Digital Power Monitors
Current Sensor Market by Current Range Outlook (USD Million, 2019-2035)
- Less than 100A
- 100A-1000A
- More than 1000A
Current Sensor Market by Sales Channel Outlook (USD Million, 2019-2035)
Current Sensor Market by Application Outlook (USD Million, 2019-2035)
- Motor Drives
- Converters & Inverters
- UPS & SMPS
- Generators
- Battery Management, Electric Drives
- Fast DC Chargers (EV)
- Overload Detection
- Grid Infrastructure
- Automotive Power Trains
- Others
Current Sensor Market by End User Outlook (USD Million, 2019-2035)
- Automotive
- Consumer Electronics
- Industrial
- Healthcare
- Energy & Power
- Aerospace & Defense
- Others
Global Current Sensor Regional Outlook
- North America
- Europe
- Germany
- France
- UK
- Spain
- Italy
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Rest of Asia-Pacific
- Middle East and Africa
- Saudi Arabia
- UAE
- South Africa
- Rest of Middle East and Africa
- Middle East and Africa
- GCC Countries
- South Africa
- Rest of Middle East & Africa
- South America
- Brazil
- Argentina
- Rest of South America
|
Report Attribute/Metric
|
Details
|
|
Market Size 2024
|
USD 2,079.3 Million
|
|
Market Size 2025
|
USD 2,175.8 Million
|
|
Market Size 2035
|
USD 5,087.1 Million
|
|
Compound Annual Growth Rate (CAGR)
|
8.1% (2025-2035)
|
|
Base Year
|
2024
|
|
Market Forecast Period
|
2025-2035
|
|
Historical Data
|
2019- 2023
|
|
Market Forecast Units
|
Value (USD Million)
|
|
Report Coverage
|
Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends
|
|
Segments Covered
|
By Loop, By Plasticizer Type, By Technology Type, By Current Range, By Sales Channel, By Application, By End User and Region
|
|
Geographies Covered
|
North America, Europe, Asia-Pacific, Middle East & Africa, and South America.
|
|
Countries Covered
|
The U.S., Canada, Mexico, Germany, France, U.K., Italy, Spain, Sweden, Poland, Rest of Europe, ANZ, Rest of Asia-Pacific, Latin America, , Saudi Arabia, UAE, Oman, Qatar, Bahrain, Turkey, Rest of MEA.
|
|
Key Companies Profiled
|
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.,
|
|
Key Market Opportunities
|
GROWTH OF INDUSTRIAL IOT, GROWING DEMAND FROM CONSUMER ELECTRONICS
|
|
Key Market Dynamics
|
EV ADOPTION DRIVES CURRENT SENSOR MARKET, RISE IN NUMBER OF SMART CITIES PROJECTS
|
Current Sensor Market Highlights:
Frequently Asked Questions (FAQ) :
The Current Sensor Market size is expected to be valued at USD 5,087.1 million in 2035.
The global market is projected to grow at a CAGR of 8.1% during the forecast period, 2025-2035.
Asia-Pacific had the largest share of the global market.
The key players in the market are 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.
The Industrial category dominated the market in 2024.
The Automotive Power Trains segment had the largest share of revenue on the global market.
