Single-Phase Current Sensor Market Trends and Forecast
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.

  • 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.
  • In terms of region, APAC is expected to witness the highest growth over the forecast period due to rapid industrialization and technological advancements.



Emerging Trends in the Single-Phase Current Sensor Market
Emerging trends in the single-phase current sensor market are shaping the industry with advancements in technology and growing demands for energy efficiency. These trends reflect the evolving needs of industries and consumers in improving power monitoring and optimizing energy use.

  • Integration with IoT: The integration of single-phase current sensors with IoT technology allows for real-time monitoring, predictive maintenance, and data analytics. This trend enhances energy management, improves system performance, and reduces operational costs across residential, commercial, and industrial sectors.
  • Miniaturization and Cost Reduction: As manufacturers focus on miniaturization, single-phase current sensors are becoming smaller, more cost-effective, and easier to integrate into various systems. This trend makes these sensors more accessible, driving adoption in small to medium-sized applications and supporting the growth of smart homes and buildings.
  • Wireless Communication: Wireless-enabled single-phase current sensors are gaining popularity due to their ease of installation and remote monitoring capabilities. This trend is particularly relevant in applications where wiring infrastructure is limited or costly, making wireless communication an attractive solution for energy management and optimization.
  • Enhanced Accuracy and Sensitivity: Advances in sensor technology have led to improved accuracy and sensitivity in measuring current flow. These enhancements enable precise monitoring of energy consumption, allowing for better energy efficiency, system optimization, and predictive maintenance, especially in industries where high precision is crucial.
  • Energy Harvesting Technologies: The emergence of energy harvesting technologies in current sensors is allowing these devices to function without external power sources. This trend is particularly relevant for remote or off-grid applications, reducing maintenance and installation costs and improving the sustainability of sensor systems.


Emerging trends such as IoT integration, miniaturization, wireless communication, enhanced accuracy, and energy harvesting technologies are reshaping the single-phase current sensor market. These innovations are making the sensors more efficient, affordable, and accessible, driving their adoption across various sectors and applications.

Recent Developments in the Single-Phase Current Sensor Market
Recent developments in the single-phase current sensor market reflect technological advancements and increased adoption across various industries. These innovations are making power monitoring and energy management more efficient, affordable, and accessible, which is fueling growth in the market.

  • Advancements in Sensor Technology: Recent developments in sensor technology have led to more accurate, durable, and reliable single-phase current sensors. These innovations offer higher sensitivity, enhanced functionality, and better integration with smart grids, enabling more precise energy monitoring and management.
  • Growth in Smart Grid Adoption: The increased focus on smart grid technology has driven demand for advanced sensors that can measure energy flow accurately. Single-phase current sensors are integral to smart grid infrastructure, helping to balance power distribution and enhance grid stability by providing real-time data on energy usage.
  • Increased Use of Wireless Sensors: Wireless single-phase current sensors are gaining popularity due to their ease of installation and flexibility in various applications. These sensors enable remote monitoring, reducing the need for complex wiring systems and enhancing energy management in industries, residential buildings, and commercial applications.
  • Improved Integration with IoT: The integration of single-phase current sensors with IoT-based systems allows for better energy management. These sensors now feature real-time data transmission, predictive maintenance, and smart analytics, improving operational efficiency and reducing energy consumption across sectors.
  • Expansion in Emerging Markets: The single-phase current sensor market is expanding rapidly in emerging economies, especially in Asia-Pacific regions. Increased industrialization, urbanization, and the adoption of energy-efficient solutions are driving demand for energy monitoring and optimization technologies like single-phase current sensors.


Recent developments such as advancements in sensor technology, the rise of smart grids, wireless sensors, IoT integration, and the expansion into emerging markets are driving growth in the single-phase current sensor market. These innovations are enhancing energy efficiency and improving the management of power systems across various applications.
Strategic Growth Opportunities in the Single-Phase Current Sensor Market
The single-phase current sensor market is witnessing numerous growth opportunities across various applications. These opportunities are driven by the increasing need for energy-efficient solutions, automation, and smart grid technology, creating new avenues for sensor adoption.

  • Smart Homes and Buildings: The demand for smart home and building systems is driving the growth of single-phase current sensors. These sensors enable precise energy monitoring, load balancing, and optimization of electricity consumption in residential and commercial spaces, contributing to energy conservation and cost reduction.
  • Industrial Automation: The industrial automation sector presents a significant opportunity for single-phase current sensors. As industries strive for greater efficiency, these sensors are used for energy monitoring, equipment protection, and optimizing production processes. Their integration into automated systems enhances overall energy management.
  • Electric Vehicle Charging Stations: As the adoption of electric vehicles grows, the need for efficient energy monitoring in EV charging stations increases. Single-phase current sensors help regulate power usage, ensuring optimal charging conditions and minimizing energy wastage, contributing to the sustainability of EV infrastructure.
  • Renewable Energy Integration: The rise of renewable energy sources such as solar and wind is creating opportunities for single-phase current sensors in monitoring energy flow and optimizing grid integration. These sensors ensure that power is consistently distributed, improving the efficiency and stability of renewable energy systems.
  • Smart Grid Technology: The widespread adoption of smart grid technology presents a major growth opportunity for single-phase current sensors. These sensors are crucial for real-time monitoring and control of power distribution, helping utilities optimize grid performance, reduce energy losses, and enhance grid stability.


Strategic growth opportunities in the single-phase current sensor market lie in smart homes, industrial automation, EV charging stations, renewable energy integration, and smart grid technology. These applications are driving demand for more efficient energy monitoring systems, ensuring the growth and evolution of the market.
Single-Phase Current Sensor Market Driver and Challenges
The single-phase current sensor market is influenced by various drivers and challenges, including technological advancements, economic factors, and regulatory changes. These factors are impacting market growth and shaping the demand for energy monitoring solutions.
The factors responsible for driving the single-phase current sensor market include:
1. Energy Efficiency Demand: The increasing global focus on energy efficiency is driving the adoption of single-phase current sensors. These sensors help reduce energy wastage, improve power distribution, and optimize energy consumption, meeting both regulatory requirements and sustainability goals.
2. Growth in Smart Grid Technology: The rise of smart grids is driving the demand for accurate, real-time data from single-phase current sensors. These sensors play a vital role in ensuring grid stability and optimizing power flow, contributing to the growth of smart grid infrastructure.
3. Advancements in Sensor Technology: Continuous advancements in sensor technology, such as improved accuracy, sensitivity, and integration with IoT systems, are driving market growth. These innovations enhance the performance and functionality of single-phase current sensors, making them more appealing to various industries.
4. Government Regulations and Incentives: Governments around the world are implementing stricter regulations and offering incentives for energy-efficient technologies. These measures are promoting the adoption of single-phase current sensors, as they help industries meet regulatory standards and optimize energy use.
5. Industrial Automation Growth: The increasing adoption of industrial automation solutions is driving the demand for energy monitoring systems, including single-phase current sensors. These sensors help optimize energy consumption in automated systems, improving efficiency and reducing operational costs.
Challenges in the single-phase current sensor market are:
1. High Initial Costs: The high upfront cost of single-phase current sensors can be a barrier to adoption, particularly for small businesses or residential applications. While the long-term energy savings are significant, the initial investment can be a challenge for many potential customers.
2. Complex Installation in Existing Infrastructure: Integrating single-phase current sensors into existing infrastructure, particularly in older systems, can be complex and costly. Retrofitting sensors into legacy systems may require additional resources and expertise.
3. Limited Awareness in Emerging Markets: While demand is growing, there is still limited awareness of the benefits of single-phase current sensors in emerging markets. This lack of awareness may hinder market growth in regions that could benefit from energy optimization solutions.
Key drivers, including the demand for energy efficiency, smart grid adoption, technological advancements, government incentives, and industrial automation growth, are boosting the single-phase current sensor market. However, challenges such as high initial costs, installation complexity, and limited awareness in emerging markets may impact growth potential. Addressing these challenges will be crucial for continued market expansion.
List of Single-Phase Current Sensor Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies single-phase current sensor companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the single-phase current sensor companies profiled in this report include-

  • Victron Energy
  • DigiKey
  • Davicom
  • LEM Sensors
  • NETVOX
  • Hellas Digital
  • Honeywell
  • Pixel Electric
  • Pressac Communications
  • Setra Systems



Single-Phase Current Sensor Market by Segment
The study includes a forecast for the global single-phase current sensor market by type, application, and region.
Single-Phase Current Sensor Market by Type [Value from 2019 to 2031]:

  • Analog Output Type
  • Digital Output Type



Single-Phase Current Sensor Market by Application [Value from 2019 to 2031]:

  • Industrial Automation
  • Smart Home
  • Power System
  • Others



Single-Phase Current Sensor Market by Region [Value from 2019 to 2031]:

  • North America
  • Europe
  • Asia Pacific
  • The Rest of the World



Country Wise Outlook for the Single-Phase Current Sensor Market
The Single-phase current sensor market is evolving rapidly, with increased demand driven by technological advancements and the growing need for efficient power management across various industries. These sensors are integral to improving energy efficiency, grid management, and industrial automation. Recent developments in countries like the United States, China, Germany, India, and Japan highlight the global adoption of these technologies to enhance operational performance.

  • United States: In the United States, the single-phase current sensor market is expanding as industries embrace automation, smart grids, and energy-efficient solutions. These sensors are critical for monitoring and optimizing energy consumption, especially in residential, commercial, and industrial sectors. The growing trend of energy conservation and green technologies is also pushing demand, alongside advancements in sensor accuracy and integration with IoT systems.
  • China: China’s market for single-phase current sensors is growing due to the country’s heavy investment in smart grid infrastructure and automation in industries. With rising energy consumption, China is increasingly adopting these sensors for power monitoring, distribution, and management. The government’s focus on reducing energy waste and promoting green energy solutions also stimulates the demand for high-performance current sensors.
  • Germany: Germany has become a key player in the single-phase current sensor market due to its commitment to energy efficiency and renewable energy integration. The adoption of smart grids and the increasing demand for precision in energy usage are driving the growth of this market. Additionally, Germany’s industrial automation sector, with its focus on sustainability, benefits from the precise energy monitoring enabled by these sensors.
  • India: In India, the growing industrial sector and increasing demand for energy-efficient solutions are driving the growth of the single-phase current sensor market. These sensors are used extensively in industrial, commercial, and residential applications to monitor and optimize power usage. India’s push for smart cities and energy-efficient infrastructure is further accelerating the demand for advanced power management solutions, including single-phase current sensors.
  • Japan: Japan’s market for single-phase current sensors is expanding as the country emphasizes energy conservation, renewable energy adoption, and grid modernization. The increased adoption of IoT-based systems for energy monitoring, coupled with Japan’s leadership in technological advancements, is driving the demand for these sensors. Japan’s focus on sustainability and smart homes is also contributing to the growth of the single-phase current sensor market.


Features of the Global Single-Phase Current Sensor Market
Market Size Estimates: Single-phase current sensor market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2019 to 2024) and forecast (2025 to 2031) by various segments and regions.
Segmentation Analysis: Single-phase current sensor market size by type, application, and region in terms of value ($B).
Regional Analysis: Single-phase current sensor market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different type, application, and regions for the single-phase current sensor market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the single-phase current sensor market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.


This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the single-phase current sensor market 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)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?