North America Current Sensor Market Size & Outlook, 2030

Revenue, 2023 (US$M)

$616.8

Forecast, 2030 (US$M)

$1,245.0

CAGR, 2024 - 2030

10.6%

Report Coverage

North America

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

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Related Markets

Global Current Sensor Industry Outlook

Europe Current Sensor Market Outlook

Asia Pacific Current Sensor Market Outlook

Latin America Current Sensor Market Outlook

MEA Current Sensor Market Outlook

North America current sensor market highlights

The North America current sensor market generated a revenue of USD 616.8 million in 2023.
The market is expected to grow at a CAGR of 10.6% 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.

North America data book summary

Market revenue in 2023	USD 616.8 million
Market revenue in 2030	USD 1,245.0 million
Growth rate	10.6% (CAGR from 2023 to 2030)
Largest segment	Direct current sensing
Fastest growing segment	Direct Current Sensing
Historical data covered	2018 - 2022
Base year for estimation	2023
Forecast period covered	2024 - 2030
Quantitative units	Revenue in USD million
Market segmentation	Direct Current Sensing

Other key industry trends

In terms of revenue, North America region accounted for 28.2% 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.

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Current Sensor Market Scope

Current sensor market segmentation & scope

Current Sensing Method

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

Regions

Latin America

Europe

North America

Middle East & Africa

Asia Pacific

Countries

U.S.

Canada

Mexico

Germany

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

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

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

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