According to a recent study from Global Market Insights, the global current sensor market is projected to observe momentous growth over the coming years due to the ongoing rise in factory automation trend and the use of industrial robots, with the current sensor market projected to be worth over $3.5bn by 2026.These robots need current sensors across various applications such as converters, motor drives, battery management, and others. Rising deployment of these robots across several industry verticals should positively impel the industry through the forecast timeframe.

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