The global Electric Vehicle Battery Current Sensor market was valued at US$ 96.6 million in 2019 and it is expected to reach US$ 199.7 million by the end of 2026, growing at a CAGR of 17.6% during 2021-2026.
The battery management system (BMS) for these vehicles carries out the important tasks of keeping the battery operating inside the safe operating area (SOA), monitoring power distribution, and keeping track of the state of charge (SoC). When the battery is the main source of energy for systems in HEVs/EVs, it is essential to have information about its charging and discharging cycles. Current sensors are the main source of information for charging and discharging cycle information by reporting the status of battery SOH to the battery management system. They may be located onboard or externally. For a typical battery, current sensors measure the current flowing into (when charging) or out of (when discharging) the battery.
The key brands of Electric Vehicle Battery Current Sensor include LEM Holding SA, Allegro Microsystems, LLC, Melexis NV, TDK Micronas, Honeywell International Inc., Robert Bosch GmbH, DENSO, Continental and so on. Among them, LEM Holding SA, Allegro Microsystems, LLC, Melexis NV are top 3 players who account for around 45% global revenue market share in 2019. We divide Current Sensors into Hall-Effect Current Sensors, Shunt Current Sensors and other magnetic Current Sensors. Hall-Effect Current Sensors dominated this market accounting for around 65% volume market share in 2019. Increasing adoption of hybrid and electrical vehicles among end users, owing to growing concerns regarding carbon emission is a factor expected to augment growth of the automotive segment in the global current sensor market. Asia Pacific will grow fast in the future as increasing demand of current sensors in industries such as automotive, energy, healthcare, and telecommunication in countries such as China, India, and Japan.
Global Electric Vehicle Battery Current Sensor Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2016 to 2027. This section mentions the volume of production by region from 2016 to 2027. Pricing analysis is included in the report according to each type from the year 2016 to 2027, manufacturer from 2016 to 2021, region from 2016 to 2021, and global price from 2016 to 2027.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.
Global Electric Vehicle Battery Current Sensor Market: Segment Analysis
The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2016 to 2027.
Key Companies profiled in this report are LEM Holding SA, Allegro Microsystems, LLC, Melexis NV, TDK Micronas, Honeywell International Inc., Robert Bosch GmbH, Denso, Continental and more in terms of market share by sales, revenue, average pricing, product type, margins, recent developments etc.
Segment by Type
- Hall Based Current Sensor
- Shunt Based Current Sensor
Segment by Application
Table of Content:
1 Electric Vehicle Battery Current Sensor Market Overview
2 Electric Vehicle Battery Current Sensor Market Competition by Manufacturers
3 Electric Vehicle Battery Current Sensor Retrospective Market Scenario by Region
4 Global Electric Vehicle Battery Current Sensor Historic Market Analysis by Type
5 Global Electric Vehicle Battery Current Sensor Historic Market Analysis by Application
6 Key Companies Profiled
7 Electric Vehicle Battery Current Sensor Manufacturing Cost Analysis
8 Marketing Channel, Distributors and Customers
9 Electric Vehicle Battery Current Sensor Market Dynamics
10 Global Electric Vehicle Battery Current Sensor Market Forecast
11 Research Finding and Conclusion
12 Methodology and Data Source
13 Forecast by Type and by Application (2022-2027)
14 Research Finding and Conclusion
15 Methodology and Data Source
Company Name: The Market Reports
Contact Person: Shirish Gupta
Peter Barzilai is a high school pitcher and college rower turned longtime World News journalist. Peter has also written for Buzz Feed and Huffington Post and many other major publications, Peter Loves everything about sports and loves to write on trending topics and he is DailyFactsNTrends member since 2017.