Allied Market Research

2024

Lcr Meter Market

LCR Meter Market Size, Share, Competitive Landscape and Trend Analysis Report by Product Type, by Application and by End Use : Global Opportunity Analysis and Industry Forecast, 2023-2032

SE : Electronic Systems and Devices

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Author's: | Vineet Kumar
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LCR Meter Market Outlook-2026

LCR meter is a device used for measuring capacitance, resistance, and inductance of an electronic component. It represents the value in numerical forms. LCR meter consists various advanced features such as high measurement accuracy, automatic identification of range, and speed to ensure the resistance to alternating current. LCR meters are available in numerous sizes from 1KHz to 100MHz. There are two types of LCR meters-handheld and Benchtop. Handheld LCR is light weight, portable, and has frequency between 0.1% and 0.2% whereas, Benchtop meter is non-portable and has frequency of 0.01%. 

Hioki E.E. Corporation, a Japan based company and global manufacturer of LCR meter, deliver solution for electric measuring instruments worldwide developed product called “LCR Meter IM3536”, which has high frequency range lies between 4Hz and 8MHz, high measurement capabilities to meet the needs of R&D, electric component, and production. In addition, Mextech Technologies India Private Limited, a company based in Mumbai is one of the leading manufacturers of digital LCR meter launched product named “Digital LCR Meters DT4070” equipped with LCD display, and is environment-friendly with low battery indication. This meter is mostly used in cars. 

The LCR meter market is expected to experience growth during the forecast year due to increase in adoption of electric motors and consumer electronics in the market. Electronic components include capacitors and inductors, which are widely used in various products such as smart phones, tablets, cars, and others. These products demand the electronic components to deliver high and reliable performance for long duration, which divert the focus of vendors of electronics to develop high frequency inductors for reliable power supply in devices. All these factors foster the growth of the market. 

Factors such as growing demand for electric motors, rise in exports of electronics and increase in adoption of wireless EV charging are the major key drivers for the market. High installation cost for end users act as a major restraint which can hinder market growth. Furthermore, increase in initiatives by government in R&D activities for improving the performance of LCR meter and emergence of new age capacitors are expected to provide lucrative opportunities to the market. 

The LCR meter market is segmented into product type, application, end use, and region. Based on product type, the market is classified into handheld LCR meter and benchtop LCR meter. Based on application, the market is categorized into test frequency, voltage, accuracy, speed, and other measurement meters. Based on end use, the market is divided into automotive, residential, consumer electronics and others. Based on region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. 

Key players operating in the LCR meter industry include Applent Instruments, Chroma ATE Inc., B&K Precision, Hameg Instruments, Doble Engineering Company, Newtons4th, Rohde & Schwarz, Extech Instruments, MECO Instruments, and Hioki EE. These players focus on R&D and advancement of electronic devices. These players adopt collaboration, partnership, and agreement as their key developmental strategies to increase revenue of the LCR meter market and develop new products for enhancing product portfolio.

Key Benefits for LCR Meter Market :

  • This study includes the analytical depiction of the global LCR meter market along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information regarding the key drivers, restraints, and opportunities.
  • The current market is quantitatively analyzed to highlight the financial competency of the industry.
  • Porter’s five forces analysis illustrates the potency of the buyers and suppliers in the industry.

LCR Meter Market Report Highlights

Aspects Details
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By Product Type
  • Handheld LCR Meter
  • Benchtop LCR Meter
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By Application
  • Test Frequency
  • Voltage
  • Accuracy
  • Speed
  • Other
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By End Use
  • Automotive
  • Residential
  • Consumer Electronics
  • Other
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By Region
  • North America  (U.S., Canada)
  • Europe  (France, Germany, Italy, Spain, UK, Rest of Europe)
  • Asia-Pacific  (China, Japan, India, South Korea, Rest of Asia-Pacific)
  • LAMEA  (Latin America, Middle East, Rest of LAMEA)
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Key Market Players

Newtons4th, Applent Instruments, B&K Precision, Doble Engineering Company, Hameg Instruments, Rohde & Schwarz, Chroma ATE Inc., Hioki EE, MECO Instruments, Extech Instruments

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LCR Meter Market

Global Opportunity Analysis and Industry Forecast, 2023-2032