Power Measurement IC Market

Key data points: Market size in 2027 = $6.5 billion and 2035 = $8.4 billion, growth forecast = 3.9% annually for the next 8 years. Scroll below to get more insights. This market report covers trends, opportunities and forecasts in power measurement IC market to 2035 by type (shunt resistor sampling, inductor coupled, hall effect, and rogowski coil), product (DC, AC, and AC+DC composite), application (energy metering & smart grid, new energy, industrial automation, consumer electronics, automotive electronics, and instrumentation & measurement), and region (North America, Europe, Asia Pacific, and the Rest of the World) Power Measurement IC Market The future of the global power measurement ic market looks promising with opportunities in the energy metering & smart grid, new energy, industrial automation, consumer electronics, automotive electronics, and instrumentation & measurement markets. The global power measurement ic market is expected to reach an estimated $8.4 billion by 2035 from $6.5 billion in 2027 with a CAGR of 3.9% from 2027 to 2035. The major drivers for this market are the increasing demand for energy efficient devices, the rising adoption of smart metering systems, and the growing need for accurate power monitoring. • Lucintel forecasts that, within the type category, shunt resistor sampling is expected to witness the highest growth over the forecast period due to high measurement accuracy and low measurement cost. • Within the application category, energy metering & smart grid is expected to witness the highest growth over the forecast period due to rapid growth of the smart grid deployment and metering modernization. • In terms of regions, APAC is expected to witness the highest growth over the forecast period due to rapid growth of smart grid in Asia Pacific countries. Gain valuable insights for your business decisions with our comprehensive 150+ page report. Sample figures with some insights are shown below. Emerging Trends in Power Measurement IC Market The power measurement ic market is moving from current sensing to intelligent energy monitoring across several new segments including electric vehicles and equipment, data centers, and renewable systems. For the period 2025 - 2027, increased demand will derive from convergence of tighter efficiency standards, increased computing and electrification. Lucintel forecasts the increased demand will be for fully integrated solutions as opposed to standalone sensing segments. • Automotive Electrification: Powertrains SiC and GaN require faster and isolated voltage and current measurement. More than 17 million EVs were sold globally in 2024. By 2025 - 2027, the vehicle programs require battery-monitoring ICs. There will be an increase in content per vehicle and suppliers with functional safety expertise will benefit. • Data-center Efficiency: Increased computation in AI servers is driving the need for power measurement ICs in liquid cooled and high voltage architectures. The Uptime Institute reported an average data-center rack density of 20kW for 2024. In the next 5 years it is expected that energy reporting at the board level will be adopted as a requisite. • Higher Integration: Packaging is combining shunts, amplifiers, converters, isolation, and digital interfaces. Texas Instruments added new current and voltage sensing ICs to their product portfolio in 2025 and are targeting automotive and industrial monitoring. Integration reduces board area and competition is shifting to accuracy, software and integration support, and qualification. • Digitization of Renewable Energy: Solar inverters, battery energy storage, and grid-connected converters require timing synchronized measurement for control and fault detection; the International Energy Agency predicts an increase of 5,500 GW of global renewable capacity by 2030. This increase in capacity will lead to a higher demand for remote high-voltage measurements on distributed assets. • Regional Supply Diversification: Buyers of semiconductors are qualifying alternative sources and regional fabrications; semiconductor shortages have highlighted the risk of concentration. The goal of the European Chips Act is to stimulate €43 billion of private and public investment through 2030. The qualification of additional suppliers will increase cycle time, but should improve supply reliability and offer opportunities for specialized suppliers of analog integrated circuits. The power measurement integrated circuit market will grow more from increasing system complexity, rather than from just growing unit volume. Performance at low cost will primarily drive differentiation. Automotive and data center markets will push innovation, and renewable energy infrastructure will create additional markets. There will continue to be price pressure, especially in industrial supply, with the industrial supply market. Supporting customers through the qualification process and maintaining supply will be crucial. Recent Developments in the Power Measurement IC Market The market for power measurement integrated circuits (ICs) is forecast to increase through 2025–2027 due to increased power density in data centers, increasing electrification, and tighter energy standards. Lucintel touts that suppliers will be differentiated by higher integration, faster sampling, automotive qualification, and software support rather than sensor performance. • Data-center Infrastructure: Texas Instruments (TI) plans to invest $1.6 billion at their Richardson, Texas site to support their advanced analogue and power products (May 2025). It is expected that AI server deployment will create a demand for multi-rail monitoring, telemetry, and high temperature power measurement ICs over the next five years. • Automotive Qualification: In February 2025 Infineon launched automotive-grade current sensing solutions as part of their XENSIV portfolio. There will be greater use of 800V architectures which will shift focus to isolated, highly accurate devices with functional safety. • WBG: Onsemi announced a $1 billion investment at their Czech Republic campus (February 2025) for silicon carbide (SiC) expansion. Power measurement IC vendors must improve isolation and transient response due to SiC and GaN systems with faster switching. • Energy Policy: The Ecodesign working program of the EU advanced new added obligations on energy efficiency standards in 2025. This will increase scrutiny on the energy use of equipment creating a need to embed power measurement ICs in control loops for motor drives, solar inverters as well as storage systems. • Supply Consolidation: Analog Devices closed the deal for E2E Solutions acquisition in January 2025 and expects to close more similar acquisitions in the near future in order to develop industrial sensing and connectivity. Semiconductor companies are combining precision sensing, isolation, and edge processing to win larger system contracts. The demand for power measurement ICs over the next three to five years is expected to correlate directly with spending on AI infrastructure, Electric Vehicles, Renewable Energy, and automated factories. Easier design wins will go to companies offering isolation and diagnostics, precision, low quiescent current, and long qualification periods. Competition will intensify in segments that use consumer electronics, while automotive and data center segments will show longer term growth with reduced competition. Strategic Growth Opportunities in the Power Measurement IC Market Over the 2024-2026 period, the market for power measurement ICs is expected to be driven by growth from sectoral needs for electrification, energy regulation and the introduction of connected equipment. Lucintel’s market perspective indicates that supply and demand will shift focus from basic monitoring to precise application-specific measurements. • Power Monitoring in Electric Vehicles: The need for compact current and voltage measurement for battery management, onboard charging, and traction inverters will stimulate further development of automotive power ICs. The automotive power IC market will continue to expand as higher-voltage equipment requires safer, more advanced diagnostics. • Renewable-energy Instrumentation: Solar inverters and battery storage systems will demand isolated measurement that remains accurate in the presence of switching noise. In 2024, the International Energy Agency reported renewable capacity additions of 585 GW (January 2025). • Factory Energy Intelligence: Measurement and control will become increasingly more important for the protection of revenue-grade metering. Design wins will be driven through production of ICs by the increased focus industry customers place on factory energy management to achieve greater productivity. • Premium Precision Products: High-end medical devices, lab equipment, and semiconductor tools are expected to pay for improved performance regarding drift, isolation, and calibration stability. Texas Instruments released the AMC3330 isolated amplifier in January 2025 as a precision voltage sensing amplifier. Over the next three to five years, the use of premium architectures is expected to raise average selling prices. • Regional Market Localization: Bidirectional power converter manufacturers in certain regions require local reference designs and supply stability. In April 2025, India’s total electronics production grew to ₹9.52 lakh crore in fiscal 2024-25. If these growing manufacturing numbers are localized, applications teams along with qualified second sources can satisfy a growing demand. The localization of energy-related data will increase in response to growing regulations and legislation. Measurement, when coupled with isolation, diagnostics, and software, will lead to increased design wins. While automotive remains the largest market, Industry 4.0 and the rise of distributed energy systems will provide a consistently larger market with an easier serviceable alternative. Power Measurement IC Market Drivers and Challenges Power measurement IC market growth is driven by both technological and regulator pressure for efficiency balanced by the factors of price and incentive for energy awareness and digitization in industry. Despite disruptions due to semiconductor shortages and complex pricing, it is estimated that demand will continue to increase for measurement ICs in data centers, renewable energy, electric vehicles, consumer goods, and factory automation. Lucintel also reports that lucrative market position will depend on lower power consumption, enhanced sensing capability, integration, and supply chain control. Over the next several years, manufacturers must balance innovation with affordability, security, compliance, sustainability and reliability across increasingly networked power control systems. The factors responsible for driving this market include: • Increased Energy Efficiency Demand: The demand for precise energy measurement due to a combination of the increasing electricity costs, the need to extend battery life, and the need to improve bottom line has resulted in a growing demand for measurement ICs in an increasingly broad range of applications such as data center equipment, smart devices, industrial control systems, and electric vehicles. It has also resulted in increased demand for power measurement ICs to reduce power conversion losses, optimize power conversions, and enhance their efficiency. According to the International Energy Agency (2025), data center demand from 2020 to 2030 is expected to double, driving demand for power measurement ICs. • Rising Trends: Increasing Use of Renewable Energy and Electrification: Many devices, including solar inverters, battery storage systems, charging stations, and electric vehicles, must measure voltage, current, and energy flow continuously. Measurement ICs provide real time energy management along with detection of faults and enhanced efficiency for better charging. By 2025, according to industry estimates, sales of electric vehicles are expected to exceed the 20-million-unit mark, thereby increasing demand for semiconductors across charging and traction platforms. Over the next 3-5 years, grid modernization and the trend of distributed energy resources will result in a significant increase in the number of measurement locations. Integration of bidirectional charging and energy storage will require increased isolation, precision, and a wide dynamic range along with enhanced compatibility for communication. • Technology Advancements: Modern power measurement ICs provide significant functionality, including A/D, voltage reference, isolation, diagnostics, and processing functions, combined with small and compact packages. This results in reduced board area, component count, assembly, and system latency. With advanced semiconductor technology, manufacturing at 5 nm and beyond was expected in 2025. Over the next 3-5 years, connected appliances, automotive modules, and wearables will be replaced with smaller industrial controllers. These will integrate more functions and consume less power, providing accurate measurements, thereby creating greater design in opportunities. • Regulatory and Grid-Modernization Support: Governments and utilities deploy smart meters. This creates a demand for ICs that support power quality monitoring, tampering, load balancing, fault detection, and reporting compliance. In 2025, the EU continued drafting policies to enable efficiencies in energy use through the updated Energy Efficiency Directive. By 2030, the EU aims for a 11.7% reduction in the final energy consumption. In the coming three to five years, greater focus on appliance standards, the support of greater grid connectivity along with industrial reporting will necessitate Original Equipment Manufacturers to adopt measurement devices with elevated accuracy, security, and reliability. • Manufacturing Efficiency and Cost Optimization: Increased automation of semiconductor testing and calibration is helping control manufacturing costs. Packaging and other manufacturing processes are also being improved. Consumers are encouraged to reduce the number of components by integrating sensing, monitoring, and protection functions. In February 2025, investments in semiconductors across the world increased to over 100 billion dollars to defray the cost of new manufacturing. Scale economies, together with greater regionally-based manufacturing, will lower prices, enable mid-range product purchases, and improve access to measurement systems in the developing world. The challenges facing this market include: • Supply-Chain Vulnerability: The manufacturing of Power Measurement ICs involves specialized wafers, analogue components, advanced packaging, testing services, and a distributed fabrication network. Disruptions in geopolitical circumstances, logistics, or natural disasters and the prioritization of allocation can lead to longer lead times and larger inventories. Uncertainty due to trade restrictions and ambiguous tariffs in semiconductors began in April 2025 and caused most companies located in the electronics industry to consider altering their sourcing and regional production strategies. It is anticipated that during the next three to five years, there will be a necessity for multi source supply qualification, regional inventories, and flexible designs due to the disruption being caused. These additions are anticipated to prolong the time needed for a product to reach the market, and it will affect smaller suppliers the most because they have limited resources. • Design Complexity and Accuracy: Precise measurement of power across a wide range of voltages, high frequencies, temperatures, and noisy environments requires calibration, isolations, signal conditioning, and management of EMI. Additional challenges are added in the automotive and industrial environments due to functional safety, cybersecurity, long lifecycles, and traceable performance. In 2025, most leading automotive electronic architectures began supporting operating voltages up to 800 volts which created insulation and measurement issues in electric vehicle platforms. For the next three to five years, there will be strict requirements for an application and design which will prolong the time needed to validate a design and increase the cost of research. Errors of measurement can provide a safety concern, increase the chance for a warranty claim, and also decrease the reputation of a company. • Standardization and Price Pressure: Customers want higher precision and smaller packages, and are unwilling to pay more for them. Additionally, different parts of the world and different application groups use varying protocols for communication, differing certification and calibration methods, and varying grid standards. This increases the cost for development and support. In 2025, inflation and a cautious industrial spending climate encouraged equipment manufacturers to bargain with semiconductor manufacturers. In the future, suppliers are likely to experience margin compression and more varied demand as a result of negotiation, making a software focus, reference design, and lifecycle support, and application integration more important in order to participate in the market. The market for power measurement ICs will continue to grow due to increasing electrification, deployment of renewables, and the construction of data centers to comply with efficiency and other associated regulations. Requests will be for more accurate and multifunctional devices that are small and connected. Suppliers will be challenged by uncertainty of the supply chain, complex qualifications, regional standards, and price competition. Success will come to those suppliers who are able to provide reliable manufacture while providing integrated solutions that include advanced sensing, isolation, diagnostics, cybersecurity and software. Over the next 3 to 5 years there will be steady yet moderate growth in this market. During this time, the market will be as much about performance as it will about price when considering automotive, industrial, energy, and consumer applications. List of Power Measurement IC Market 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. Through these strategies power measurement ic market companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the power measurement ic market companies profiled in this report include- • Analog Devices • Texas Instruments • STMicroelectronics • Microchip Technology • Renesas Electronics Power Measurement IC Market by Segment The study includes a forecast for the global power measurement ic market by type, product, application, and region. Power Measurement IC Market by Type [Value ($B) from 2019 to 2035]: • Shunt Resistor Sampling • Inductor Coupled • Hall Effect • Rogowski Coil Power Measurement IC Market by Product [Value ($B) from 2019 to 2035]: • DC • AC • AC+DC Composite Power Measurement IC Market by Application [Value ($B) from 2019 to 2035]: • Energy Metering & Smart Grid • New Energy • Industrial Automation • Consumer Electronics • Automotive Electronics • Instrumentation & Measurement Power Measurement IC Market by Region [Value ($B) from 2019 to 2035]: • North America • Europe • Asia Pacific • The Rest of the World Country Wise Outlook for the Power Measurement IC Market Changes in demand for power measurement ICs have been attributed to semiconductor localization, energy efficiency regulation, and new capacity in wafers. From 2025 to 2027 an emphasis for higher voltage detection and automotive electrification combined with the management of power in data centers has been reported for the suppliers. As per Lucintel’s recent study, these developments have been shown to strengthen regional supply. • United States: Texas Instruments continued to expand its 300 mm manufacturing capacity. It also continued to develop its operations at the Sherman, Texas campus, which was aided by the CHIPS Act (August 2025). These developments serve to establish local availability of analog and power-monitoring ICs, and enhance local production while reducing reliance on import of these ICs in the next 3 to 5 years. • China: The Ministry of Industry and Information Technology of China supported localization of Integrated Circuits. Silergy and Monolithic Power Systems continued to develop power management ICs for automotive, industrial, and consumer applications (March 2026). Local policy support and power management ICs developed will enhance local design content and supplier participation in measurement ICs. • Germany: The production of Infineon’s power chip project at its Dresden operations with over €5 billion euro investments planned, was scheduled to start in 2026 (June 2025). This initiative will strengthen Europe’s capacity to provide power measurement chips to support electric vehicles, renewable energy, and power control systems. • India: The construction of Tata Electronics’ semiconductor assembly and test facility in Assam to begin in April 2025 with an approved investment of ₹27,000 crore and already in focus on the segment of packaging. The project will help build India’s supporting ecosystem for power management and measurement ICs functionality. • Japan: Renesas Electronics advanced its January 2025 initiative at its Kofu factory in Yamanashi to expand production capacity for power semiconductors, targeting capacity enhancement for automotive and industrial power-monitoring applications by 2030. Features of the Global Power Measurement IC Market Market Size Estimates: power measurement ic market size estimation in terms of value ($B). Trend and Forecast Analysis: Market trends (2019 to 2026) and forecast (2027 to 2035) by various segments and regions. Segmentation Analysis: power measurement ic market size by type, product, application, and region in terms of value ($B). Regional Analysis: power measurement ic market breakdown by North America, Europe, Asia Pacific, and Rest of the World. Growth Opportunities: Analysis of growth opportunities in different types, products, applications, and regions for the power measurement ic market. Strategic Analysis: This includes M&A, new product development, and competitive landscape of the power measurement ic market. Analysis of competitive intensity of the industry based on Porter’s Five Forces model. If you are looking to expand your business in this or adjacent markets, then contact us. We have done hundreds of strategic consulting projects in market entry, opportunity screening, due diligence, supply chain analysis, M & A, and more. This report answers following 11 key questions: Q.1. What are some of the most promising, high-growth opportunities for the power measurement ic market by type (shunt resistor sampling, inductor coupled, hall effect, and rogowski coil), product (DC, AC, and AC+DC composite), application (energy metering & smart grid, new energy, industrial automation, consumer electronics, automotive electronics, and instrumentation & measurement), 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 7 years and what has its impact been on the industry?