Report Overview:
The Hall Current Sensor for New Energy Vehicles (NEVs) refers to a specialized sensor leveraging the Hall Effect to measure the flow of electric current in vehicle components. This sensor is a crucial part of the electric vehicle (EV) control system, helping in realtime monitoring of motor-generated current to regulate vehicle speed and direction. Hall sensors detect magnetic fields generated by current-carrying conductors, converting this magnetic field into voltage signals. These are then interpreted by the control units of electric vehicles for optimal system performance. Apart from measuring current, Hall sensors are multifunctional, capable of detecting magnetic fields, electric fields, and temperature. Their application extends across EV power windows, power seats, climate control systems, and braking mechanisms, underlining their critical role in modern automotive design.
Market Value:
The global Hall Current Sensor for New Energy Vehicles market has demonstrated significant growth and is poised for substantial expansion.
As of 2024, the market was valued at USD 1,223 million, with projections indicating a rise to USD 2,424.48 million by 2032, representing a compound annual growth rate (CAGR) of 7.90%. CAGR of 7.90% (2025 – 2032)
By Types:
• Open-loop Hall Current Sensor
• Closed-loop Hall Current Sensor
By Applications:
Hydrogen-powered Vehicles
Electric Vehicle
Solar Vehicle
Alternative Energy (Natural Gas, Rthanol, etc.) Vehicles
Key players include:
• LEM Holding SA
• Allegro Microsystems
• LLC
• Melexis NV
• TDK Micronas
• Honeywell International Inc.
• Including or Excluding key companies relevant to your analysis.
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