Press release
Electrical Test Equipment Market 2021 Highlights Recent Trends, Market Growth, Business Opportunities till 2026
The Electrical Test Equipment Market 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.Electrical test equipment market is anticipated to witness a CAGR of 8.5% over the forecast period (2020 - 2025).
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Top Leading Companies of Electrical Test Equipment Market are AEMC Instruments, Amprobe, Electrical Test Instruments, LLC, Fluke Corporation, HAEFELY HIPOTRONICS (Hubbell Incorporated), KYORITSU ELECTRICAL INSTRUMENTS WORKS, LTD., Megger, PCE Holding GmbH, Scientific Mes-Technik Pvt. Ltd., Testo SE & Co. KGaA and others.
Key Market Trends:
Surge in Demand for Electric Testing in Electric Vehicles Equipment
- The world is seeing a major shift in the automobile market from the conventional oil-powered engines to electric and hybrid automotive. Hence generating demand for electrical equipment and testing instruments in automotive production. According to the International Energy Agency, there were more than 3 million electric vehicles present on world roads in 2017 and is projected to grow at CAGR of 20% over the next decade.
- Europe is one of the prominent regions adopting this revolutionary change and will have a healthy number of recharge stations among various geographies in the coming years. Currently, the UK has more than 1,500 public EV charging points and has a plan to surge this number to 8,500 in some years.
Competitive Landscape:
- June 2019 - Megger completed the acquisition of Power Diagnostix, manufacturer of high voltage diagnostic equipment based out of Germany. This acquisition allows the company to expand Megger’s product portfolio in the German electrical test equipment market.
- March 2019 - AEMC Instruments launched a new high capacity fused test lead set to test the electric instrument build inside the system to protect them from high voltage. These testers can measure electricity up to 1000 volts.
Investigator Observers Strong Growth in Specific Regions:
– Europe Market (Germany, UK, France, Russia, Italy)
– Center East and Africa Market (Saudi Arabia, UAE, Egypt, Nigeria, South Africa)
– South America Market (Brazil, Argentina, Colombia)
– North America Market (United States, Canada, Mexico)
– Asia Pacific Market (China, Japan, Korea, India, Southeast Asia).
The Latest Industry Data Included in this Report:
- Electrical Test Equipment Market Size & Analysis (2016 - 2026)
- Market Share Analysis of Electrical Test Equipment Market (%),2016 - 2026
- Electrical Test Equipment Market Share, By Brand
- Electrical Test Equipment Market Share, By Company
- Electrical Test Equipment Market Assessment & Opportunity (Value),2016 - 2026
- Major Companies Electrical Test Equipment Market Value Analysis & Forecast
- Promising Electrical Test Equipment Development by Major Companies
- Detailed Electrical Test Equipment Portfolio of the Major Companies
- Major Deals in the Electrical Test Equipment Market
- Major Companies Analysis
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Customization of the Report: This report can be customized as per your needs for additional data up to 3 companies or countries or 40 analyst hours.
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MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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