Portable appliance testers Market: Global Opportunity Analysis and Industry Forecast, 2023-2030 Market

Portable appliance testers are devices that are used to check electrical equipment and appliances to ensure that they are safe to use.  The acronym PAT is commonly used to refer to the tests carried out by portable appliance testers. A PAT test includes both a visual assessment of the equipment as well as a more in-depth inspection using specialist PAT testing equipment. The main purpose of this test is to minimize the risk of electrical accidents. Portable appliance testing involves inspection of the electrical equipment and any cables for good connection, and also testing of certain important parameters such as earthing (grounding) continuity, lead polarity, insulation resistance of the equipment to ensure safe operation of the equipment. The safety limits for clearing the equipment for regular use depend on the properties of the electrical equipment being tested. Checking for exposed metal parts and wires is also done to ensure that users do not come in contact with them accidentally. 

COVID-19 scenario analysis:

• COVID-19 pandemic has shut-down the production of various products in the global portable appliance testers industry, mainly owing to the prolonged lockdown in major global countries. This has hampered the growth of the global portable appliance testers market 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 coronavirus, 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: Market Scenario Analysis, Trends, Drivers, Opportunities, Restraints and Impact Analysis

The global portable appliance testers market is expected to continue to grow due to the wide application and utility of these testing devices in numerous industries such as semiconductor and electronics, telecommunication, consumer electronics, power tools among others. Portable appliance testers are used commonly by professional services providers and electronics manufacturing companies around the world. Proper testing of all electrical devices before dispatch is very important to electronics manufacturing companies. Testing with the help of portable appliance testers help these companies save cost and time as they can determine faulty or malfunctioning equipment. The major restraining factor of the global portable appliance testers market is that most electronic equipment are now energy efficient and require low maintenance thanks to the continuous research and development by electronics manufacturing companies around the world. Also, in research laboratories and organizations, the complexity of electrical testing devices and maintenance expenses associated with the testing equipment are very high. However, the opportunity for growth for the global portable appliance testers market comes from the rapid growth and expansion of the global semiconductor, telecommunication and electronics industries.

The global portable appliance testers market trends are as follows:

Rising importance of PAT testing across various industries

Portable appliance testers are used commonly by professional services providers and electronics manufacturing companies around the world. Portable appliance testers are easy, quick, and reliable to use. Portable appliance testers are compact, can be placed at different locations and can be operated by professionals of multiple industries. Testing of any electrical devices before dispatch from the manufacturer is standard practice. This helps the manufacturing company save time and money and also prevents the consumer from buying or using electrical equipment that is faulty. Portable appliance testing equipment help electrical equipment and appliance manufacturers maintain specifications of models and also conform to safety guidelines and regulations imposed by various authorities around the world. In the consumer electronics or industrial electronic equipment and power tools market, this also helps the company to maintain customer satisfaction and its reputation as a trusted and respected brand. Adoption of portable appliance testers to conduct testing of electrical equipment regularly in manufacturing plants for quality control or for monitoring and controlling process is rising globally as these testers help to find faults in their equipment and also apprehend problems in the manufacturing process. This can help the company determine plan for repair/replacement of equipment and improvement of design. Testing with the help of these devices greatly decreases the risk of dangerous accidents and permanent damage to electrical parts and equipment can be avoided.

Rising global population, disposable income and urbanisation 

The usage of electronic devices for various applications is increasing rapidly with advancement of science and technology. Therefore, the need to ensure their safe and proper functioning is expected to drive the growth of the global portable appliance testers market. Portable appliance testers decrease the risk of using or buying malfunctioning or damaged products that can lead to not just additional cost of replacement/repair but also dangerous accidents. Portable appliance testers can be used to test various electrical equipment and electrical appliances such as power tools, photocopiers, computers, fridges, freezers, washing machines, dishwashers, heaters, vacuum cleaners, kitchen appliances among others before they are dispatched. Due to the factors of growing population, urbanisation and increased standard of living of consumers around the world, the global portable appliance testers market is expected to expand. These factors are expected to aid the global portable appliance testers market grow as the growth of the global consumer electronics industry goes hand in hand with growth of urbanisation. With rising disposable income, consumers are increasingly looking for increased comfort in their living or working conditions. Rising global disposable income is expected to result in increase of sales of home and kitchen appliances in urbanized and rural areas. With continuous research and development in the consumer electronics industry, gadgets and appliances with new and improved features and functions are constantly being introduced. The global consumer is constantly drawn to upgrade their computer, mobile phone, TV and other important essential appliances. With the increasing number of commercial spaces such as hotels, office spaces, airports, educational institutions and hospitals, and the huge number of electrical appliances used there, the portable appliance testers market is expected to grow at a rapid pace. 

Key benefits of the report:

• This study presents the analytical depiction of the global portable appliance testers market industry 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 global portable appliance testers market share.
• The current market is quantitatively analyzed to highlight the global portable appliance testers market growth scenario.
• Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market. 
• The report provides a detailed global portable appliance testers market analysis based on competitive intensity and how the competition will take shape in coming years. 

 Portable appliance testers Market: Global Opportunity Analysis and Industry Forecast, 2020–2027 Report Highlights