Europe Current Sensor Market

1. Europe Current Sensor Market Revenue to Surpass USD 650 Million by 2026: Graphical Research ©2018 Graphical Research. All rights reserved. www.graphicalresearch.com

2. Europe current sensor market forecast is strong with expanding consumption across distinct application verticals. As concerns regarding the environmental impact of greenhouse gases intensify, the need for embracing renewable energy sources including solar energy has become more prominent than ever. With the population density across the region increasing every year, the demand for energy across the European continent is growing continuously. By 2026, Europe current sensor market size is estimated to be worth $650 million. The move toward renewable energy adoption is gaining traction across Germany, supported by government initiatives. The German government has been undertaking solar power generation projects. As a result, German current sensor market share is expected to rise at a 5% through 2026. The accelerated move toward renewable energy adoption has been eliciting a rising volume of investments. For instance, during March 2021, the German government announced the allocation of a nearly $6.5 billion toward the development of electric vehicle (EV) charging infrastructure across the nation. Expected to materialize by 2024, the fund is boosting the production of EVs across Germany. During February 2021, the German KfW Development bank announced the allocation of a $97.6 million toward a credit package that aims to back renewable energy projects across the region. the country boasts an estimated annual output of over 650 GWh. As these devices are used for managing power efficiency across inter/converter application and in fault detection, the government move will pave the way for a promising Europe current sensor market outlook. ©2018 Graphical Research. All rights reserved. www.graphicalresearch.com

3. Browse detailed statistical insights from the report, “Europe Current Sensor Market” along with the table of contents (ToC) @https://bit.ly/34CmPoU Get sample copy of this research report @ https://www.graphicalresearch.com/request/1813/sample ©2018 Graphical Research. All rights reserved. www.graphicalresearch.com

4. The market share from magneto resistive sensor segment in Europe is slated to grow at a 5.5% CAGR through 2026, pushed by the enhanced reliability, improved performance, and high flexibility of this technology across industrial robots, automation machinery, and motor drives. With current sensor industry participants investing resources toward R&D activities for developing smart magneto resistive sensors, the new products are likely to achieve considerable revenue. Europe current sensor market share from the telecom segment is anticipated to grow at a 4% CAGR through the forecast timeframe, driven by the focus toward deploying a robust 5G infrastructure across Europe. In keeping with the escalating demand for uninterrupted and reliable internet connectivity, the telecom companies have been commercializing their 5G services. With the proliferation of Advanced Antenna Systems (AASs), macro base stations, and servers throughout the region, the current sensor industry size is certain to augment. The shunt segment was accountable for nearly 26% of the total Europe current sensor industry share from during 2019 and is projected to rise at a 5.5% CAGR through the next size years. Electric vehicle (EV) batteries, hybrid electric vehicle (HEV) batteries, and other high capacity batteries require current sensors. High current capabilities are a prerequisite in these batteries. Current sensors deliver precise and accurate current measurement capabilities, optimizing energy flow in onboard chargers, traction inverters, and other EV subsystems. ©2018 Graphical Research. All rights reserved. www.graphicalresearch.com

5. Major current sensor manufacturers in the European region are interested in developing application-specific products for catering to the spiraling industrial consumption for applications such as industrial robots and automation machinery deployed across smart factories. For instance, during March 2019, XENSIV- TLI4971, a new range of current sensors for industrial applications was introduced by Infineon Technologies. They offer a superior thermal performance. Some of the leading current sensor manufacturers & suppliers in Europe include ROHM CO., Allegro Microsystems, Honeywell International, Infineon Technologies AG, STMicroelectronics N.V., amongst others. ©2018 Graphical Research. All rights reserved. www.graphicalresearch.com

6. About Graphical Research: Graphical Research is a business research firm that provides industry insights, market forecast and strategic inputs through granular research reports and advisory services. We publish targeted research reports with an aim to address varied customer needs, from market penetration and entry strategies to portfolio management and strategic outlook. We understand that business requirements are unique: our syndicate reports are designed to ensure relevance for industry participants across the value chain. We also provide custom reports that are tailored to the exact needs of the customer, with dedicated analyst support across the purchase lifecycle. Contact Us: Parikhit B. Corporate sales, Graphical Research Email:sales@graphicalresearch.comWeb: https://www.graphicalresearch.com ©2018 Graphical Research. All rights reserved. www.graphicalresearch.com

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