According to a market report by Lucintel, the future of the global single-phase current sensor market looks promising with opportunities in the industrial automation, smart home and power system markets. The global single-phase current sensor market is expected to grow with a CAGR of 9.5% from 2025 to 2031. The major drivers for this market are increasing demand for energy-efficient automation solutions, rising adoption of smart grid and monitoring systems, and growing need for precise energy consumption measurement tools.A more than 150-page report to understand trends, opportunity and forecast in single-phase current sensor market to 2031 by type (analog output type and digital output type), application (industrial automation, smart home, power system, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World).
Lucintel forecasts that, within the type category, digital output type is expected to witness higher growth over the forecast period due to enhanced precision and integration.
Within the application category, industrial automation is expected to witness the highest growth due to rising demand for energy optimization and control.
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In terms of region, APAC is expected to witness the highest growth over the forecast period due to rapid industrialization and technological advancements.
Victron Energy, DigiKey, Davicom, LEM Sensors, NETVOX, Hellas Digital, Honeywell, Pixel Electric, Pressac Communications, Setra Systems are the major suppliers in the single-phase current sensor market.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at [email protected]To get access of more than 1000 reports at fraction of cost visit Lucintel'sAnalytics Dashboard.
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At Lucintel, we offer solutions for you growth through game changer ideas and robust market &unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: [email protected]
Tel. +1-972-636-5056
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