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Magnetic field sensors market has been geographically segmented
into four regions, namely North America, Europe, Asia Pacific and Rest
of the World. North America acquired the largest share of the market in
2014 and was followed by Europe. These two regions conjointly held
more than 70% of the global magnetic sensors market in 2014. The
technological advancements in the field of magnetic sensors are being
widely implemented across various industries in these regions and this
is primarily driving the market. In addition, large deployments of smart
grids and smart meters have also been positively impacting the growth
of this market. Asia Pacific is projected to be the fastest growing region
during the forecast period.