Current Sensor Market - Size, Industry Share, Growth Trends and Forecasts (2025-2032)

By Type:

Based on type, the market is segmented into current transformers, shunt resistors, hall-effect sensors, fluxgate sensors, and others.

Trends in the type:

• There is a rising trend towards the adoption of current transformers due to its high accuracy and linearity within the measurement range, which is further driving the market.
• Increasing trend in the adoption of shunt resistors due to its ability to accurately measure current in numerous applications is driving the current sensor market growth.

Current transformers segment accounted for a significant revenue share in the overall market in 2024.

• Current transformers are operated through the principle of electromagnetic induction, which has single-turn primary winding.
• Moreover, they are often used in a wide range of applications involving high currents and are known for their accuracy and linearity.
• Additionally, current transformers are used in residential, commercial, and industrial settings for metering and billing purposes.
• Hence, rising advancements associated with current transformers are driving the market growth.

Shunt resistors segment is anticipated to register a substantial CAGR growth during the forecast period.

• Shunt resistors are electrical components that are used to measure the flow of electric current in a circuit.
• Moreover, they are available in a variety of shapes and materials like low ohm resistors in a chip form, a strip of low-resistance copper alloy, and others.
• Additionally, there are various types of shunt resistors such as carbon, ceramic, metal alloy, wire wound, and others that protect the circuit from overvoltage when high current is supplied through a circuit.
• For instance, Cermet Resistronics offers shunt resistors in its product offerings, which are used in industrial applications for accurate current measurement and monitoring. Moreover, they are panel-mounted DC shunt resistor which has a tolerance of up to 1 to 5%.
• Hence, the increasing innovations related to shunt resistors are projected to drive the current sensor market size during the forecast period.

By Loop Type:

Based on loop type, the market is segmented into open loop and closed loop.

Trends in the loop type:

• Increasing adoption of closed-loop sensors due to factors such as fast response time, wide bandwidth, and others are driving the market.
• Factors including high accuracy, improved stability, enhanced power consumption, and temperature stability are driving the segment development.

Closed loop segment accounted for the largest revenue share in the overall market in 2024 and it is anticipated to register a significant CAGR growth during the forecast period.

• Closed loop sensors utilize a feedback mechanism to accurately measure the AC and DC currents, ensuring high accuracy for factors like temperature and noise.
• Closed loop sensors are also called zero flux sensors since they utilize hall sensors in zero magnetic flux conditions within the sensor core.
• Moreover, they provide electrical isolation between the primary circuit and secondary circuit, which is crucial for safety in high-voltage applications including power distribution systems and motor control among others.
• Additionally, closed loop sensors help to quickly compensate for current fluctuations, allowing them to accurately track rapid changes in the current.
• Therefore, rising advancements related to closed loop sensors are further projected to drive the market during the forecast period.

By Application:

Based on application, the market is segmented into power systems, battery management, energy management, industrial automation, and others.

Trends in the application:

• Increasing adoption of current detectors in battery management for current monitoring and regulation during battery charging is driving the current sensor market trends.
• Factors such as real-time monitoring, enhanced system operation, and improved efficiency are driving the adoption of current detectors in energy management applications.

Battery management segment accounted for the largest revenue in the overall current sensor market share in 2024.

• Battery management is a technology that manages a rechargeable battery to protect the batteries from deep discharge and overvoltage.
• In battery management, current detectors are crucial components that are utilized to monitor and regulate battery charging and discharging units to prevent overheating.
• In addition, the battery management system (BMS) uses data from current detectors to monitor the battery’s state of charge by estimating the battery’s remaining range.
• For instance, Monolithic Power Systems offers current detectors for battery management systems. Moreover, these sensors are known for their high accuracy and they are designed to measure both AC and DC currents.
• Therefore, according to the market analysis, the above factors are driving the market.

Energy management segment is anticipated to register the fastest CAGR growth during the forecast period.

• Current detectors are widely used in energy management to maximize battery lifespan, prevent damage, and optimize performance in a wide range of applications like energy storage systems, data centers, and others.
• In data center energy management, current detectors provide continuous real-time monitoring of power consumption at different points within the data centers.
• Moreover, current detectors are also utilized in smart grids, which helps detect faults and abnormalities in the grid by allowing quick responses and preventing blackouts.
• Hence, according to the market analysis, the above factors are projected to boost the market during the forecast period.

By End Use:

Based on end use, the market is segmented into consumer electronics, automotive, energy & power, aerospace & defense, and others.

Trends in end use:

• Increasing adoption of current detectors in the automotive sector for monitoring and managing the flow of electric current within batteries is driving the current sensor market trends.
• Factors such as improved battery management, enhanced overcurrent protection, and others are driving the adoption of current detectors in the consumer electronics sector.

Automotive segment accounted for the largest revenue share of 33.37% in the overall current sensor market share in 2024.

• Current detectors are crucial in the automotive industry, particularly in electric and hybrid vehicles as they are essential for battery management in various systems.
• In motor control systems, current detectors precisely manage and regulate motor torque and speed to ensure that the motor receives the correct amount of current.
• In automotive sector, current detectors are also used in various power management applications such as power steering, anti-locking braking systems, and others to enhance safety.
• For instance, according to the International Energy Agency (IEA), 6.4 million battery electric vehicles were sold in China in the fiscal year 2024.
• Therefore, according to the current sensor market analysis, the above factors are projected to boost the market during the forecast period.

The consumer electronics segment is anticipated to register the fastest CAGR growth during the forecast period.

• Consumer electronics consists of items like computers mobile phones, televisions, and others that use current detectors for various purposes including power management, performance monitoring, and others.
• These sensors are used in power adapters, battery chargers, power suppliers, and battery-powered devices for managing charging and discharging cycles to optimize battery life.
• For instance, Honeywell International Inc. offers a wide range of current detectors which are used in consumer electronics. They offer a wide range of features like lower power consumption, compact dimensions, and others.
• Hence, according to the market analysis, the above factors are projected to boost the market during the forecast period.