Europe Current Sensor Market Size & Outlook, 2023-2030

The current sensor market in Europe is expected to reach a projected revenue of US$ 852.1 million by 2030. A compound annual growth rate of 8.8% is expected of Europe current sensor market from 2024 to 2030.
Revenue, 2023 (US$M)
$472.0
Forecast, 2030 (US$M)
$852.1
CAGR, 2024 - 2030
8.8%
Report Coverage
Europe

Europe current sensor market, 2018-2030 (US$M)

Europe
Unlock Premium

Europe current sensor market highlights

  • The Europe current sensor market generated a revenue of USD 472.0 million in 2023.
  • The market is expected to grow at a CAGR of 8.8% 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.


Europe data book summary

Market revenue in 2023USD 472.0 million
Market revenue in 2030USD 852.1 million
Growth rate8.8% (CAGR from 2023 to 2030)
Largest segmentDirect current sensing
Fastest growing segmentDirect Current Sensing
Historical data covered2018 - 2022
Base year for estimation2023
Forecast period covered2024 - 2030
Quantitative unitsRevenue in USD million
Market segmentationDirect Current Sensing


Other key industry trends

  • In terms of revenue, Europe region accounted for 21.6% 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.

No credit card required*

Horizon in a snapshot

  • 30K+ Global Market Reports
  • 120K+ Country Reports
  • 1.2M+ Market Statistics
  • 200K+ Company Profiles
  • Industry insights and more

Current Sensor Market Scope

Current sensor market segmentation & scope
Direct Current Sensing
In-direct Current Sensing
Loop
Open Loop
Closed Loop
Technology
Hall Effect
Shunt
Flux Gate
Magneto-resistive
Output
Analog
Digital
Application
Motor Drive
Converter Inverter
Battery Management
UPS & SMPS
Starter & Generators
Grid Infrastructure
Others
Countries
U.S.
Canada
Mexico
Germany
UK
France
Italy
Spain
Norway
Sweden
Denmark
Brazil
Argentina
China
Japan
India
Australia
South Korea
Thailand
South Africa
Saudi Arabia
UAE
Kuwait

Current Sensor Market Companies

Name Profile # Employees HQ Website

Europe 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 Europe current sensor market based on direct current sensing covering the revenue growth of each sub-segment from 2018 to 2030.


Reasons to subscribe to Europe current sensor market databook:

  • Access to comprehensive data: Horizon Databook provides over 1 million market statistics and 20,000+ reports, offering extensive coverage across various industries and regions.
  • Informed decision making: Subscribers gain insights into market trends, customer preferences, and competitor strategies, empowering informed business decisions.
  • Cost-Effective solution: It's recognized as the world's most cost-effective market research database, offering high ROI through its vast repository of data and reports.
  • Customizable reports: Tailored reports and analytics allow companies to drill down into specific markets, demographics, or product segments, adapting to unique business needs.
  • Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.

Target buyers of Europe current sensor market databook

  • Our clientele includes a mix of current sensor market companies, investment firms, advisory firms & academic institutions.
  • 30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
  • Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
  • The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.

Horizon Databook provides a detailed overview of continent-level data and insights on the Europe current sensor market , including forecasts for subscribers. This continent databook contains high-level insights into Europe current sensor market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

Partial client list

  • logo

Europe current sensor market

Sign up - it's easy, and free!

Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our free plan indefinitely.

Explore all plans

Included in Horizon account

  • 30K+ Global Market Reports
  • 120K+ Country Reports
  • 1.2M+ Market Statistics
  • 200K+ Company Profiles
  • Industry insights and more