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 HEVsEVs, 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.
Industry Insights
A report titled, “Global Electric Vehicle Battery Current Sensor Market Outlook 2022” has been recently published by OMR Market Research. The dedicated analysts and researchers have carried out deep-seated research to put forth the present and future scenario of the Electric Vehicle Battery Current Sensor market. They have provided an in-depth review with accuracy and reliability to give the readers an overall picture.
The global Electric Vehicle Battery Current Sensor market size is projected to reach US$ 234.8 million by 2027, from US$ 75 million in 2020, at a CAGR of 17.6% during 2021-2027.
Key Drivers & Barriers
High-impact rendering factors and drivers have been studied in this report to aid the readers to understand the general development. Moreover, the report includes restraints and challenges that may act as stumbling blocks on the way of the players. This will assist the users to be attentive and make informed decisions related to business. Specialists have also laid their focus on the upcoming business prospects.
Post-covid-19 Outlook
The readers in the section will understand how the Electric Vehicle Battery Current Sensor market scenario changed across the globe during the pandemic and post-pandemic. The study is done keeping in view the changes in aspects such as production, demand, consumption, supply chain. The industry experts have also highlighted the key factors that will help create opportunities for players and stabilize the overall industry in the years to come.
Segmental Outlook
Key segments including type, and application have been elaborated in this report. The consultants at OMR Market Research have studied every segment and provided the market size using historical data. They have also talked about the growth opportunities that the segment may pose in the future. This study bestows production and revenue data by type, and application during the historical period (2016-2021) and forecast period (2022-2027).
Segment by Type
Hall Based Current Sensor
Shunt Based Current Sensor
Others
Segment by Application
BEV
HEVs
PHEVs
Others
Regional Outlook
This section of the report provides key insights regarding various regions and the key players operating in each region. Economic, social, environmental, technological, and political factors have been taken into consideration while assessing the growth of the particular regioncountry. The readers will also get their hands on the revenue and production data of each region and country for the period 2016-2027. This information derived through comprehensive research will help the reader to get familiar with the potential value of the investment in a particular region. North America, Europe, China and Japan are the major regions studied in the research report.
Competitive Scenario
In this section, the readers will gain an understanding of the key players competing. The experts at OMR Market Research have studied the key growth strategies, such as innovative trends and developments, intensification of product portfolio, mergers and acquisitions, collaborations, new product innovation, and geographical expansion, undertaken by these participants to maintain their presence. Apart from business strategies, the study includes current developments and key financials. The readers will also get access to the data related to global revenue, price, and production by manufacturers for the period 2016-2021. This all-inclusive report will certainly serve the clients to stay updated and make effective decisions in their businesses.
Some of the prominent players reviewed in the research report include
LEM Holding SA
Allegro Microsystems, LLC
Melexis NV
TDK Micronas
Honeywell International Inc.
Robert Bosch GmbH
DENSO
Continental
Frequently Asked Questions
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