Global Current Measuring Devices Market To Expand With A CAGR Of 7.5 % From 2025
Posted by johnson on October 11th, 2017
According to a new market research report published by Credence Research “Current Measuring Devices Market (By Output (Analog, Digital) By Type (Clamp, Probe, Fork) By Current (AC, DC, Hybrid) By Application (Automotive, Industrial, Energy Management and Smart Grid))- Growth, Future Prospects and Competitive Landscape, 2017-2025”, current measuring devices market is estimated to grow at a CAGR of 7.5 % from 2017 to 2025.
The complete report is available at http://www.credenceresearch.com/report/current-measuring-devices-market
Current measuring devices refer to measurement equipment used for determining electric current in wiring/electrical load. The overall current measuring devices market is primarily driven by the rising industrial manufacturing and processing sector worldwide. In addition, due to continually growing electricity generation, the demand for related testing and measuring equipment is expected to remain strong throughout the forecast period. Apart from these, the market growth is also driven by the ever-rising construction industry (across commercial as well as residential). Nevertheless, the market growth is remarkably challenged by the growing proliferation of multi-metering devices.
The current measuring devices market majorly depends upon sectors such as industrial manufacturing and processing, power generation and construction. Thus, the market growth can be observed sustainable and faster in regions having strong industrial sector. Subsequently, Asia Pacific has emerged as the largest market for current measuring devices, contributing to nearly 52% of the total market revenue. The growth here is majorly backed by countries such as China, India, Japan, South Korea and some of the Southeast Asia countries. With the consistently growing industrial manufacturing & processing, power generation and construction sectors here, Asia Pacific is estimated to register the highest growth during the forecast period.
Click Here To Download Full Report Sample on Current Measuring Devices Market: http://www.credenceresearch.com/sample-request/58492
Current measuring devices market is segmented according to output, type, current, application and geography. Current measuring devices according to the output are classified into the analog and digital devices. According to the type, current measuring devices are classified as clamp type, probe type, and fork type. Depending upon the nature of output, the current measuring devices are segmented into AC, DC, and hybrid current measuring devices. According to the application, the current measuring devices as distributed into automotive, industrial, energy management and smart grid, and residential.
The overall current measuring devices market comprises large number of manufacturers making the overall market fragmented in nature. The overall market is less dynamic in nature with limited scope of product development. Strategies such as product development with enhanced measurement capacity, expanding business across different applications, focus on digital meters and multimeters, development of smart meters with advanced features such as measurement storage, enhanced display and connectivity are majorly adopted by the companies to maintain their market position. Major players in the market include Purkey's Fleet Electric, Inc., Beemet Instruments Pvt Ltd.,Meter master NZ Ltd., Schneider Electric SE., National Instruments Corporation., Goliya Instruments Pvt. Ltd., PCE Instruments., HPL Electric & Power Ltd., KYORITSU ELECTRICAL INSTRUMENTS WORKS, LTD., HIOKI E.E. Corporation, GMC-I PROSYS Ltd., Rayleigh Instruments Limited., Blue Sea Systems, PacerGroup, Electro Industries/GaugeTech, and Brighton Electronics, Inc.
- Increasing demand for hi-tech current measurement system.
- Perpetually changing technology and evolution of new designs of the measurement instrumrnts.
- Rising trend of energy management and smart grid system.
Credence Research is a worldwide market research and counseling firm that serves driving organizations, governments, non legislative associations, and not-for-benefits. We offer our customers some assistance with making enduring enhancements to their execution and understand their most imperative objectives. Over almost a century, we've manufactured a firm extraordinarily prepared to this task.
Who we are
Credence Research is a worldwide firm, containing more than 15 research consultants and almost 100 research and information professionals.
Our customers mirror our worldwide nature. Around 45% are in Europe, 30% in the Americas, 13% in Asia Pacific and 12% in the Middle East and Africa.
Our firm is intended to work as one. We are a solitary global research organization united by a solid arrangement of qualities, concentrated on customer effect.
Name: Chris Smith (Global Sales Manager)
Address: 105 N 1st ST #429, SAN JOSE,
CA 95103, United States
Like it? Share it!
About the Authorjohnson
Joined: February 23rd, 2017
Articles Posted: 806
More by this author