Voltage Detector Market Size, Industry Analysis Report, Regional Outlook, Application Development Potential, Price Trend, Competitive Market Share & Forecast, 2021 – 2027
Report ID: GMI4131
Voltage Detector Market size is predicted to gain lucratively from 2019 to 2025 driven by rising applications of electronic appliances across commercial, residential, and industrial sectors. These systems efficiently monitor the current in electrical devices to ensure device safety. The demand for these devices is rising due to the integration with RFID, which will aid in providing increased safety. Rapid technological development in the electronics sector has led to the reduced price of electronic devices, fueling the industry growth. These components are capable of controlling output current precisely to ensure longer battery life, adding up to the utilization in electrical appliances. Moreover, increasing government regulations for the promotion of energy-efficient devices are driving the voltage detector market globally.
Major factor hindering the voltage detector market growth is the low operating temperature of these components, making it inappropriate for usage in high power distribution circuits. The detectors need to operate in ambient temperature to provide efficient results, restricting applications in cold regions. To achieve optimum performance of the components in cold conditions, devices require external temperature maintenance systems, which will lead to the incurrence of extra costs. Moreover, these sensors face miniaturization issues for integration in small modules. This issue in the market can be solved by incorporating scientific techniques to reduce the component sizes during manufacturing.
The voltage detector market is witnessing significant growth owing to the growing trend and usage in IoT applications. Smart products based on IoT technology are incorporated with these components that monitor the voltage, providing improved efficiency. These components are affordable to be used in IoT applications owing to the power saving and diverse sensor solution capabilities. Another trend in the industry is the usage of these detectors in smart homes. These devices aid in detecting the electric leaks in buildings and identifying fluctuations in the input current, supporting a high demand. Additionally, the implementation of these components in 5G infrastructure to optimize the performance of existing assets is adding up to the market growth.
In the voltage detector market, hall effect technology is gaining high traction owing to current sensing functions in these modules. The hall effect technology is used for proximity sensing, positioning, speed detection, and current sensing applications and is integrated with threshold detection, which works as a switch. This technology finds applications in hand-held electronic devices that use battery power for reducing power consumption and providing extended battery life. The growing need for an extended battery in smartphones is creating a high component demand. Additionally, the cost of these components is low as compared to other options, creating a high demand in smart device applications. They are implemented in the automotive systems using the hall voltage used for fuel level indications, supporting the market growth.
In the voltage detector market, industrial applications are growing due to the increased usage of electronic systems in industrial processes and the emergence of Industry 4.0 technology. These trends supporting the usage of automated production systems and electronic devices is creating a high product demand. These components offer several benefits such as less energy consumption, support for electric applications, cheap availability, etc., and are utilized in monitoring & providing advanced support to the voltage regulator. These features in the detectors support efficient industrial operations owing to the continuous current fluctuation issues. Additionally, rising government initiatives to reduce energy consumption in the industrial facilities are supporting the market development. The rising popularity of the Industrial IoT is aiding the integration of these components into the electric robots and machines to enhance operational efficiency, further fueling the industry growth.
The Asia Pacific voltage detector market is witnessing rapid expansion due to the high demand and production of consumer & industrial electric appliances in this region. Moreover, the growth of various industries including automotive, manufacturing, and electronics, etc., in this region is driving the market expansion. The presence of a robust industrial & manufacturing sector in Asian countries including China, Japan, India, etc., which need reduced power consumption is leading to industry development. The North American region is expected to grow in the market owing to high adoption of technically advanced solutions such as smart devices, IoT, robots, etc. High investments in smart cities and IoT technology by the U.S. government is leading to increased applications of these components.
The major players operating in the voltage detector market include STMicroelectronics, Torex Semiconductor, Seiko Instruments, Texas Instruments, ROHM Semiconductor Sharp Microelectronics, Taiwan Semiconductor, Toshiba Corporation, and Analog Devices Inc. Several players of the market are focusing on merger & acquisition activities and partnerships to gain high profits and increase their reach. These players are investing highly in R&D activities to develop innovative products. For instance, in June 2018, Torex Semiconductor announced the launch of XC6135 & XC6136 series voltage detectors, which have achieved low quiescent and detects smallest voltage fluctuations. In November 2017, Texas Instruments announced the integration of its SimpleLink MCU with Amazon’s Free RTOS for faster cloud connectivity, enabling developers to quickly and securely connect the IoT endpoint to the cloud.
The voltage detector market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD and shipment in units from 2015 to 2025, for the following segments:
- Hall effect
The above information is provided for the following regions and countries:
- North America
- Asia Pacific
- South Korea
- Latin America
- Middle East & Africa
- Saudi Arabia
- South Africa
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