Some of the primary growth drivers for the electric vehicle battery current sensor market are the improved cell performance in EV batteries, which will improve the performance of EVs and reduce their price, as well as the growing demand for EVs due to regulations, according to Technavio. However, current sensor failure leading to the failure of BMS may impede the market growth.
Application Segment Highlights
- Based on application, the electric vehicle battery current sensor market has been segmented into HEVs and full EVs.
- The electric vehicle battery current sensor market share growth by the HEVs segment is expected to be significant during the forecast period.
Regional Analysis
- Based on geography, the electric vehicle battery current sensor market has been segmented into five regions, namely APAC, Europe, North America, South America, and MEA.
- 53% of the growth will originate from the APAC region during the forecast period.
- China and Japan are the key countries for the electric vehicle battery current sensor market in APAC.
- Market growth in APAC will be slower than the growth of the market in Europe and South America.
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Notes:
- The electric vehicle battery current sensor market size is expected to decelerate at a CAGR of 17.68% during the forecast period.
- The market is segmented by application (HEVs and full EVs) and geography (APAC, Europe, North America, South America, and MEA).
- The electric vehicle battery current sensor market is fragmented.
- The research report offers information on several market vendors, including Allegro MicroSystems LLC, Asahi Kasei Corp., Continental AG, DENSO Corp., Honeywell International Inc., Infineon Technologies AG, LEM Holding SA, Robert Bosch GmbH, TDK Corp., and TE Connectivity Ltd.
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Electric Vehicle Battery Current Sensor Market Scope |
Report Coverage |
Details |
Page number |
120 |
Base year |
2020 |
Forecast period |
2021-2025 |
Growth momentum & CAGR |
Decelerate at a CAGR of 17.68% |
Market growth 2021-2025 |
174.08 th units |
Market structure |
Fragmented |
YoY growth (%) |
20.97 |
Regional analysis |
APAC, Europe, North America, South America, and MEA |
Performing market contribution |
APAC at 53% |
Key consumer countries |
China, US, Germany, Japan, and Switzerland |
Competitive landscape |
Leading companies, competitive strategies, consumer engagement scope |
Companies profiled |
Allegro MicroSystems LLC, Asahi Kasei Corp., Continental AG, DENSO Corp., Honeywell International Inc., Infineon Technologies AG, LEM Holding SA, Robert Bosch GmbH, TDK Corp., and TE Connectivity Ltd. |
Market Dynamics |
Parent market analysis, market growth inducers and obstacles, fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for the forecast period |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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SOURCE Technavio
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