Current Sensor Market Poised for 10.8% CAGR Growth – Opportunities and Challenges Ahead
The global current sensor market is projected to reach 5.41 billion by 2030 from USD 3.24 billion in 2025, at a CAGR of 10.8% during the forecast period in terms of value. Some factors driving the market for current sensors include growing use of battery-powered systems and increasing focus on renewable energy, high adoption of hall-effect current sensors and, increasing demand from consumer electronics...
Impact of EV Adoption on the Current Sensor Market: Opportunities and Challenges
The global shift towards electric vehicles (EVs) is reshaping numerous industries, including the current sensor market. As EV adoption accelerates, the demand for high-precision current sensors is surging due to their critical role in battery management systems (BMS), motor control, and charging infrastructure. While this transition presents significant opportunities, it also brings challenges that...