© 2016 Global Market Insights, Inc. USA. All Rights Reserved Fuel Cell Market size worth $25.5bn by 2024 Hall-Effect Current Sensor Industry, Business Development Analysis by 2024: Global Market Insights Inc.

© 2016 Global Market Insights, Inc. USA. All Rights Reserved  The Asia Pacific hall-effect current sensor market is projected to dominate the industry over the forecast timespan. This growth can be attributed to the increasing need for power management in growing economies including Japan, South Korea, India, and China.  The expanding cloud connectivity systems have led to the increasing adoption of Industrial Internet of Things (IIoT) based devices in this region. The rise in the number of consumer electronics and automotive industries in Asia Pacific is propelling the industry growth. Regional Analysis of Hall-Effect Current Sensor Market:

© 2016 Global Market Insights, Inc. USA. All Rights Reserved Application Analysis of Hall-Effect Current Sensor Market:  The hall-effect current sensor market is segmented into open-loop and closed loop. The closed- loop devices are projected to grow at a high rate owing to their applications in critical industries such as aerospace, defense, automotive, and medical. Features such as higher accuracy and faster response time have led to an increase in the adoption. Open loop systems are prone to temperature drift & saturation and are less immune to electrical noise as compared to closed- loop sensors.  By end-use, the hall-effect current sensor market is classified as automotive, industrial automation, consumer electronics, medical, utilities, aerospace & defense, telecommunication, and railways. Due to various applications of the devices in the automotive industry, such as current measurement for overcurrent protection, control of motor drives, battery management, and converter control, they are significant in the automotive industry. Increasing number of automotive industries in emerging economies, such as China and India, contribute to the hall- effect sensor market growth. The rising demand for eco-friendly hybrid vehicles in the automotive sector also contributes towards the growth. Moreover, they are utilized in consumer electronics applications, such as in digital cameras, household appliances, and electronic instruments. 

© 2016 Global Market Insights, Inc. USA. All Rights Reserved  Companies operating in the hall-effect current sensor market are American Aerospace Controls, ABB Ltd., Magnesensor Technology, Sanken Electric Company Ltd., Honeywell International, Inc., Vacuumschmelze GmbH & Co., KG, Pulse Electronics Corporation, Infineon Technologies AG, Kohshin Electric Corporation, Asahi Kasei Microdevices Corporation, HARTING Technology Group, Melexis NV, and Electrohms Private Limited.  The growing competition among these players to introduce new products with advanced technologies is providing impetus to the hall-effect current sensor market. Competitive Market Share of Hall-Effect Current Sensor Market:

© 2016 Global Market Insights, Inc. USA. All Rights Reserved Browse Full Market Research Report On Hall-Effect Current Sensor Request for an in-depth table of contents for this

© 2016 Global Market Insights, Inc. USA. All Rights Reserved Stay In Touch Website: Social Media: