Global and China Electric Vehicle Battery Current Sensor Market Insights, Forecast to 2027

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.

Market Analysis and Insights: Global and China Electric Vehicle Battery Current Sensor Market
This report focuses on global and China Electric Vehicle Battery Current Sensor market.
In 2020, the global Electric Vehicle Battery Current Sensor market size was US$ 75 million and it is expected to reach US$ 234.8 million by the end of 2027, with a CAGR of 17.6% during 2021-2027. In China the Electric Vehicle Battery Current Sensor market size is expected to grow from US$ XX million in 2020 to US$ XX million by 2027, at a CAGR of XX% during the forecast period.

Global Electric Vehicle Battery Current Sensor Scope and Market Size
Electric Vehicle Battery Current Sensor market is segmented by region (country), players, by Type, and by Application. Players, stakeholders, and other participants in the global Electric Vehicle Battery Current Sensor market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by region (country), by Type and by Application in terms of revenue and forecast for the period 2016-2027.
For China market, this report focuses on the Electric Vehicle Battery Current Sensor market size by players, by Type, and by Application, for the period 2016-2027. The key players include the global and local players which play important roles in China.

Segment by Type
Hall Based Current Sensor
Shunt Based Current Sensor
Others

Segment by Application
BEV
HEVs
PHEVs
Others

By Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
UAE

By Company
LEM Holding SA
Allegro Microsystems, LLC
Melexis NV
TDK Micronas
Honeywell International Inc.
Robert Bosch GmbH
DENSO
Continental