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Industrial Installation Testers Market: Global Opportunity Analysis and Industry Forecast, 2020-2027

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Sep 2020 | 53 Views
 
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Industrial installation testers are an integral part of an electrical and electronics industry. Industrial installation testers are used to check Alternating current (AC) and direct current (DC) voltages and strength of electric voltage in ampere (amp). Industrial installation tester is also used to perform various tests such as earth continuity test, line loop test, prospective fault current (PFC) and prospective short circuit (psc) test. Many governments have made some tests necessary for the electrical products for safe working such as high voltage test, insulation resistance test. Rapid growth electrical industry has led to progress of the industrial installation tester market.

 

Market scope and structure

                 Report Metric

                                                 Details

  Market size available for years

  2020–2027

  Base year considered

  2019

  Forecast period

  2020–2027

  Forecast units

  Value (USD)

  Segments covered

  Product, industry, display and Region

  Companies covered

Major players analyzed include Chauvin Arnoux Metrix , Fortive, Martindale Electric.Co.Ltd, Megger group ltd. , Metrel, Seaward Electronic, TES Electrical Electronic Corp.,  Yokogawa Test & Measurement Corporation, Fluke, Extech instruments

 

Regions covered

North America

Europe

Asia-Pacific

LAMEA

U.S. ,Canada and Mexico

Germany, UK, Spain, Franceand the Rest of Europe

China, Japan, India and the Rest of Asia Pacific

Latin America, Middle East and Africa

 

 

 

 

 

 

 

 

COVID-19 scenario analysis:

  • The demand for industrial installation tester is expected to decrease in the year 2020 due to low demand from electronic industry. 
  • COVID-19 pandemic has shut-down the production of various products in the industrial installation tester industry, mainly owing to the prolonged lockdown in major global countries. This has hampered the growth of industrial installation testermarket significantly from last few months, as is likely to continue during 2020.
  • COVID-19 has already affected the sales of equipment and machinery in the first quarter of 2020 and is likely to cause a negative impact on the market growth throughout the year. 
  • The major demand for equipment and machinery was previously noticed from giant manufacturing countries including the U.S., Germany, Italy, the UK, and China, which is badly affected by the spread of corona virus, thereby halting the demand for equipment and machinery.
  • Further, potential impact of the lockdown is currently vague and financial recovery of companies is totally based on its cash reserves. Equipment and machinery companies can afford a full lockdown only for a few months, after which the players would have to modify their investment plans.
  • Equipment and machinery manufacturers must focus on protecting their workforce, operations, and supply chains to respond toward immediate crises and find new ways of working after COVID-19 infection cases start to decrease.

Top impacting factors:

Increasing use of electrical equipment in current era has led to growth of industrial installation testing market. When any electrical product is manufactured, that product has to undergo the tests and should have some safety standards promoted by various safety agencies such as Verband der Elektrotechnik (VDE), Underwriters Laboratories (UL) and Conformite Europeenne (CE). Because of these reasons, there is an increasing demand for industrial installation testers. There has been some technological advancement in industrial installation tester market. This technological advancement are helping the companies to test the electrical products in an easy and efficient manner. Also, use of technology in the installation tester has been beneficial as accurate measurement can be done by using the advanced tester.
The industrial installation testers are large in size. So the key players in industrial installation tester market such as Megger group limited, Martindale are trying to reduce the size of the installation tester. This can be done by using miniaturization technique. In this technique, components or products of small sizes are produced so that the overall size of the equipment gets reduced. Miniaturization technique is important for portable industrial installation tester.

The industrial installation tester market trends are:

New product launches to flourish the market

As the new technologies have been introduced, key players in industrial installation tester market are creating more advanced and good quality products.

In last few years, many products were launched in the market. These products are well advanced with the technology and have unique features. In April 2019, Megger group Limited, a key player in industrial installation tester market has launched new products in addition to its wide range of existing product. Recent launch of Megger group Limited is New MFT1741 multifunctional installation tester. The company launched MFT1741 multifunctional installation tester in April 2019. This was very important product launch as, MFT1741 helped to solve the loop test problem which the company was facing. Advantage of using this instrument is that, it can easily calculate the 3-wire loop test results from noisy circuits, which other installation tester could not calculate. Also, these results were unaffected by RCD and RCBO impedance. One more advantage of MFT 1741 is that, it easy to use and is reliable in terms of the results which the instrument gives.

In June 2019, Martindale came with an advanced product Martindale HPAT 500-2. This is an updated version company’s previous product HPAT500.  It is easy to use equipment for testing purpose. Martindale HPAT 500-2 comes with a unique feature of long leads as compare to the other installation tester. HPAT 500-2 can be used even if there is no provision of power socket. If mobile PAT testing is used, then this instrument gives quick solution. 

Use of electronic appliances:

With advanced technology, use of electronic appliances has also increased. People are using various electronic devices for their personal need. This has given rise to the electronic manufacturing industry and ultimately industrial installation tester market also growing.

High production cost:

To manufacture industrial installation tester various components are required such as sensors, wires, switches and semiconductors. Due to the high cost of these components, overall cost of installation tester increases. This could be the reason which can hamper the growth of industrial installation tester market. 

Key segments covered:

                 Segments

                                     Sub-segments

  Product

 

  • Low voltage industrial installation tester
  • Medium voltage industrial installation tester
  • Multifunctional installation tester
  • others

  Industry

  • Construction industry
  • Utility industry
  • Automotive industry
  • others

 

  Display

 

  • Analog
  • Digital

 

Key benefits of the report:

  • This study presents the analytical depiction of the industrial installation tester market along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the market share.
  • The current market is quantitatively analyzed from 2020 to 2027 to highlight the industrial installation testermarket growth scenario.
  • The report provides a detailed market analysis based on competitive intensity and how the competition will take shape in coming years. 
 
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