Electrical Measuring Instrument Market
Electrical Measuring Instrument Market By Device Type (Stationary, Portable), By Application (Voltage Testing, Device Functionality Testing, Current Measurement, Resistance Measurement), By Sales Channel (Online, Offline) & By Regions - Global Review 2021 to 2031
Analysis of Electrical Measuring Instrument Market Covering 30 + Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Market Introduction and Definition
Electrical measuring instruments are used to test the electrical equipment or to measure the functionality of the same. Electric measuring instruments or devices are used in out day to day life such as a simple tester to bulky multi-meter.
These devices play a crucial role in driving the whole industrial sector as electrical measuring device is the foundation for any industry. Therefore industrial sector plays a prominent role in assessing the market growth of the electrical measuring device market.
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Electrical Measuring Instrument Market Forecast and CAGR
Demand for the electrical measuring instruments surged over the past half-decade owing to the rapid industrialization across South Asia & Oceania and East Asia. Countries such as India and China acted as drive trains to the electrical measuring device sales.
Growing electrification across developing economies such as India, Bangladesh and Sri Lanka has provided a major spike in requisite for the electrical measuring equipment over the same period. Regional government procurement of electrical measuring devices has acted as wedge to the sales of the electrical measuring equipment.
COVID-19 has slowed the momentum of rapid growing industries in the Asia Pacific and has shrunk the economic curves of the electrical measuring device sales over Q2 and Q3 of FY2020. Restarting of industries in Q4 of FY2020 across the regions has provided impetus to the slowed down growth of electrical measuring instruments production.
COVID-19 second wave has initiated the lockdown phase across regionS but it is anticipated that the effect on industries to be less than 1% shrink in growth over Q2 and Q3 FY2021. Complete recovery of product sales is anticipated to take place by Q4 of FY2022. By the end of Q4 FY2022 to FY2024, sales is anticipated to strengthen at a strong rate.
What is Driving Demand for Electrical Measuring Instrument?
Bundle of industries are catering the demand for the electrical measuring equipment ranging from automotive, aerospace, marine, construction etc. These industries growth collectively assess the demand uptick of the electrical measuring instrument market on a macroeconomic scale.
Over the past-half decade, rise in electrification projects across the globe has acted as a wedge to the electrical measuring device sales growth.
Regional governments’ requisite for the product has bolstered the demand over the same period. All in all, rapid growing electrification epicenters to bolster the demand for the electrical measuring devices.
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Why Automotive Industry Growth Impacts the Electrical Measuring Instrument Sales?
Automotive industry especially Electric Vehicles (EV) has observed a strong growth over the past half-decade. China is the largest hub for supply and demand of the electric vehicles. Electric vehicles production has surged in the region over the same period.
Growth in EV supply in the region has provided an impetus to the electrical measuring instruments. These instruments are backbone for the establishment and running of the electric vehicle industry.
These devices are used to constantly track the functionality of electrical equipment across the industry and the battery of the vehicle over multiple cycles for meeting stringent quality requirements.
United States Electrical Measuring Instrument Market Outlook
United States could be countered as a second largest primary energy consumer in the world. Primary energy is used to produce electricity as secondary energy. Rampant usage of electricity for driving the largest economy has put the country on the strong demand track of the electrical measuring instruments.
Moreover, growing electric vehicles production in the country to bolster the demand for the target product. All in all United States holds strong market potential over long-run forecast period.
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Who are the Key Manufacturers and Suppliers of Electrical Measuring Instrument?
Some of the leading producers of electrical measuring instrument include
- AEMC Instruments
- Beha-Amprobe GmbH
- Electrical Test Instruments
- Keysight Technologies Inc.
- Fluke Corporation
- Hubbell Incorporated
- Kyoritsu Electrical Instruments Works Ltd.
- Megger Group Limited
- PCE Holding GmbH
- Testo SE & Co. KGaA
- Scientific Mes-Technik Pvt. Ltd.
- others.
Market is highly fragmented and key manufacturers producing the electrical measuring device across the region have strategized the product portfolio such that their product has the higher market penetration in the particular region.
Moreover, shift in economies has forced the manufacturers to rethink their supply strategies of supplying the instrument to developed economies over developing economies. Other strategic insights and go to market solutions has been provided in detail in the upcoming report of electrical measuring instrument.
Electrical Measuring Instrument Market Report Highlights:
- Detailed overview of parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint
Key Segments
-
By Device Type :
- Stationary
- Portable
-
By Application :
- Voltage Testing
- Device Functionality Testing
- Current Measurement
- Resistance Measurement
- Others
-
By End-Use Industry :
- Aerospace & Defence Industry
- Electronics & Telecommunication Industry
- Electrical Industry
- Automotive Industry
- Marine Industry
- Construction Industry
- Others
-
By Sales Channel :
- Online
- Direct
- Third-Party E-Commerce
- Offline
- Electrical Stores
- Retail stores
- Wholesalers
- Others
- Online
-
By Region :
- North America
- US & Canada
- Latin America
- Brazil, Mexico, Others
- Western Europe
- EU5
- Nordics
- Benelux
- Eastern Europe
- Asia Pacific
- Australia and New Zealand (ANZ)
- Greater China
- India
- ASEAN
- Rest of Asia Pacific
- Japan
- Middle East and Africa
- GCC Countries
- Other Middle East
- North Africa
- South Africa
- Other Africa
- North America
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.
The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
Table of Content
- 1. Executive Summary
- 2. Industry Introduction, including Taxonomy and Market Definition
- 3. Market Trends and Success Factors, including Macro-economic Factors, Market Dynamics, and Recent Industry Developments
- 4. Global Market Demand Analysis and Forecast, including Historical Analysis and Future Projections
- 5. Pricing Analysis
- 6. Global Market Analysis and Forecast
- 7. Global Market Analysis and Forecast, By Device Type
- 7.1. Stationary
- 7.2. Portable
- 8. Global Market Analysis and Forecast, By Application
- 8.1. Voltage Testing
- 8.2. Device Functionality Testing
- 8.3. Current Measurement
- 8.4. Resistance Measurement
- 8.5. Others
- 9. Global Market Analysis and Forecast, By End-Use Industry
- 9.1. Aerospace & Defence Industry
- 9.2. Electronics & Telecommunication Industry
- 9.3. Electrical Industry
- 9.4. Automotive Industry
- 9.5. Marine Industry
- 9.6. Construction Industry
- 9.7. Others
- 10. Global Market Analysis and Forecast, By Sales Channel
- 10.1. Online
- 10.2. Offline
- 11. Global Market Analysis and Forecast, By Region
- 11.1. North America
- 11.2. Latin America
- 11.3. Western Europe
- 11.4. Eastern Europe
- 11.5. East Asia
- 11.6. South Asia & Pacific
- 11.7. MEA
- 12. North America Sales Analysis and Forecast, by Key Segments and Countries
- 13. Latin America Sales Analysis and Forecast, by Key Segments and Countries
- 14. Western Europe Sales Analysis and Forecast, by Key Segments and Countries
- 15. Eastern Europe Sales Analysis and Forecast, by Key Segments and Countries
- 16. East Asia Sales Analysis and Forecast, by Key Segments and Countries
- 17. South Asia & Pacific Sales Analysis and Forecast, by Key Segments and Countries
- 18. MEA Sales Analysis and Forecast, by Key Segments and Countries
- 19. Sales Forecast by Device Type, Application, End-Use Industry, and Sales Channel for 30 Countries
- 20. Competition Outlook, including Market Structure Analysis, Company Share Analysis by Key Players, and Competition Dashboard
- 21. Company Profile
- 21.1. AEMC Instruments
- 21.2. Beha-Amprobe GmbH
- 21.3. Electrical Test Instruments
- 21.4. Keysight Technologies Inc.
- 21.5. Fluke Corporation
- 21.6. Hubbell Incorporated
- 21.7. Kyoritsu Electrical Instruments Works Ltd.
- 21.8. Megger Group Limited
- 21.9. PCE Holding GmbH
- 21.10. Testo SE & Co. KGaA
- 21.11. Scientific Mes-Technik Pvt. Ltd.
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List Of Table
Table 1: Global Market US$ Mn Forecast by Region
Table 2: Global Market US$ Mn Forecast by Device Type
Table 3: Global Market US$ Mn Forecast by Application
Table 4: Global Market US$ Mn Forecast by End-Use Industry
Table 5: Global Market US$ Mn Forecast by Sales Channel
Table 6: North America Market US$ Mn Forecast by Country
Table 7: North America Market US$ Mn Forecast by Device Type
Table 8: North America Market US$ Mn Forecast by Application
Table 9: North America Market US$ Mn Forecast by End-Use Industry
Table 10: North America Market US$ Mn Forecast by Sales Channel
Table 11: Latin America Market US$ Mn Forecast by Country
Table 12: Latin America Market US$ Mn Forecast by Device Type
Table 13: Latin America Market US$ Mn Forecast by Application
Table 14: Latin America Market US$ Mn Forecast by End-Use Industry
Table 15: Latin America Market US$ Mn Forecast by Sales Channel
Table 16: Western Europe Market US$ Mn Forecast by Country
Table 17: Western Europe Market US$ Mn Forecast by Device Type
Table 18: Western Europe Market US$ Mn Forecast by Application
Table 19: Western Europe Market US$ Mn Forecast by End-Use Industry
Table 20: Western Europe Market US$ Mn Forecast by Sales Channel
Table 21: Eastern Europe Market US$ Mn Forecast by Country
Table 22: Eastern Europe Market US$ Mn Forecast by Device Type
Table 23: Eastern Europe Market US$ Mn Forecast by Application
Table 24: Eastern Europe Market US$ Mn Forecast by End-Use Industry
Table 25: Eastern Europe Market US$ Mn Forecast by Sales Channel
Table 26: East Asia Market US$ Mn Forecast by Country
Table 27: East Asia Market US$ Mn Forecast by Device Type
Table 28: East Asia Market US$ Mn Forecast by Application
Table 29: East Asia Market US$ Mn Forecast by End-Use Industry
Table 30: East Asia Market US$ Mn Forecast by Sales Channel
Table 31: South Asia & Pacific Market US$ Mn Forecast by Country
Table 32: South Asia & Pacific Market US$ Mn Forecast by Device Type
Table 33: South Asia & Pacific Market US$ Mn Forecast by Application
Table 34: South Asia & Pacific Market US$ Mn Forecast by End-Use Industry
Table 35: South Asia & Pacific Market US$ Mn Forecast by Sales Channel
Table 36: MEA Market US$ Mn Forecast by Country
Table 37: MEA Market US$ Mn Forecast by Device Type
Table 38: MEA Market US$ Mn Forecast by Application
Table 39: MEA Market US$ Mn Forecast by End-Use Industry
Table 40: MEA Market US$ Mn Forecast by Sales Channel
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List Of Figures
Figure 1: Global Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Device Type
Figure 2: Global Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Application
Figure 3: Global Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by End-Use Industry
Figure 4: Global Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Sales Channel
Figure 5: Global Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Region
Figure 6: North America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Device Type
Figure 7: North America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Application
Figure 8: North America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by End-Use Industry
Figure 9: North America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Sales Channel
Figure 10: North America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Figure 11: Latin America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Device Type
Figure 12: Latin America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Application
Figure 13: Latin America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by End-Use Industry
Figure 14: Latin America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Sales Channel
Figure 15: Latin America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Figure 16: Western Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Device Type
Figure 17: Western Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Application
Figure 18: Western Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by End-Use Industry
Figure 19: Western Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Sales Channel
Figure 20: Western Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Figure 21: Eastern Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Device Type
Figure 22: Eastern Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Application
Figure 23: Eastern Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by End-Use Industry
Figure 24: Eastern Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Sales Channel
Figure 25: Eastern Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Figure 26: East Asia Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Device Type
Figure 27: East Asia Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Application
Figure 28: East Asia Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by End-Use Industry
Figure 29: East Asia Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Sales Channel
Figure 30: East Asia Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Figure 31: South Asia & Pacific Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Device Type
Figure 32: South Asia & Pacific Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Application
Figure 33: South Asia & Pacific Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by End-Use Industry
Figure 34: South Asia & Pacific Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Sales Channel
Figure 35: South Asia & Pacific Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Figure 36: MEA Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Device Type
Figure 37: MEA Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Application
Figure 38: MEA Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by End-Use Industry
Figure 39: MEA Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Sales Channel
Figure 40: MEA Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Know thy Competitors
Competitive landscape highlights only certain players
Complete list available upon request
- FAQs -
At what rate will Electrical Measuring Instrument market grow from 2021 to 2031?
The Electrical Measuring Instrument market is expected to grow at an 8.3% CAGR from 2021 to 2031
What is the expected market value for the Electrical Measuring Instrument market in 2031?
By 2031-end, Electrical Measuring Instrument sales are likely to reach US$ 10.0 Billion
Which are some leading players in the Electrical Measuring Instrument market?
AEMC Instruments, Beha-Amprobe GmbH, Electrical Test Instruments, Keysight Technologies Inc., and Fluke Corporation are some leading Electrical Measuring Instrument market players.
Electrical Measuring Instrument Market