North America Current Sensor Market Size & Outlook
North America current sensor market highlights
- The North America current sensor market generated a revenue of USD 616.8 million in 2023.
- The market is expected to grow at a CAGR of 10.6% from 2024 to 2030.
- In terms of segment, direct current sensing was the largest revenue generating current sensing method in 2023.
- Direct Current Sensing is the most lucrative current sensing method segment registering the fastest growth during the forecast period.
North America data book summary
| Market revenue in 2023 | USD 616.8 million |
| Market revenue in 2030 | USD 1,245.0 million |
| Growth rate | 10.6% (CAGR from 2024 to 2030) |
| Largest segment | Direct current sensing |
| Fastest growing segment | Direct Current Sensing |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Direct Current Sensing |
| Key market players worldwide | Honeywell International Inc, Allegro Microsystems Inc Ordinary Shares, TDK Corp, STMicroelectronics NV, Tamura Corporation, Infineon Technologies AG, Rohm Co Ltd, Melexis, OMRON Corp |
Other key industry trends
- In terms of revenue, North America region accounted for 28.2% of the global current sensor market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 1,483.5 million by 2030.
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Current Sensor Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Tamura Corporation | View profile | 1001-5000 | Tokyo, Tokyo, Japan, Asia | https://www.tamuracorp.com |
| Melexis | View profile | 1001-5000 | Bruges, West-Vlaanderen, Belgium, Europe | https://www.melexis.com |
| Allegro Microsystems Inc Ordinary Shares | View profile | 4593 | 955 Perimeter Road, Manchester, NH, United States, 03103 | https://www.allegromicro.com |
| TDK Corp | View profile | 102908 | Shibaura Renasite Tower, 3-9-1 Shibaura, Minato-ku, Tokyo, Japan | http://www.tdk.co.jp |
| Rohm Co Ltd | View profile | 23751 | 21, Saiin Mizosaki-cho, Ukyo-ku, Kyoto, Japan, 615-8585 | http://www.rohm.co.jp |
| Honeywell International Inc | View profile | 95000 | 855 South Mint Street, Charlotte, NC, United States, 28202 | https://www.honeywell.com |
| Infineon Technologies AG | View profile | 59364 | Am Campeon 1-15, Neubiberg, Munich, Germany, 85579 | https://www.infineon.com |
| STMicroelectronics NV | View profile | 51323 | 39, Chemin du Champ des Filles, Plan-Les-Ouates, Geneva, Switzerland, 1228 | https://www.st.com |
| OMRON Corp | View profile | 28034 | Shiokoji Horikawa, Shimogyo-ku, Kyoto, Japan, 600-8530 | http://www.omron.co.jp |
North America current sensor market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to current sensor market will help companies and investors design strategic landscapes.
Direct current sensing was the largest segment with a revenue share of 100% in 2023. Horizon Databook has segmented the North America current sensor market based on direct current sensing covering the revenue growth of each sub-segment from 2018 to 2030.
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Horizon Databook provides a detailed overview of continent-level data and insights on the North America current sensor market , including forecasts for subscribers. This continent databook contains high-level insights into North America current sensor market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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