Receptacle Tester Market

Receptacle tester refers to an electrical device which is plugged in the wall outlet for indicating the wiring errors. The receptacle tester has a series of lights that show the state of wiring in the outlet. The receptacle tester provides certain information about the installation of wiring to the technician. The receptacle tester is also used to measure the power, voltage, current and other electrical parameters. The receptacle tester is used by the electrical contractors to test the wiring in the electrical panels, circuit breakers and transformers. The receptacle tester are categorized into two types that is standard duplex receptacles and specialized electrical receptacle testers.

COVID-19 scenario analysis:

• The demand for the receptacle tester is expected to decrease in the year 2020 due to lockdown imposed by the government and low demand from electronics and electrical industries.
• COVID-19 pandemic has shut-down the production of various products in the receptacle tester, mainly owing to the prolonged lockdown in major global countries. This has hampered the growth of the receptacle tester market significantly form 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 form 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 and Impact Analysis

The increasing concerns about electrical safety gadgets act as a major growth driver for receptacle tester market. The growing demand for technologically advanced receptacle testers for better tester performance is a significant factor driving the growth of the receptacle tester market. Further, the rising focus on addressing personal and the industrial safety issues is also creating potential growth opportunities for receptacle tester market. The rising demand for the voltage detector, continuity tester, wiring testers and others is increasing the growth of receptacle tester market. Moreover, the increasing transformers with proper wiring for the efficient power supply is also considered as significant factor to boost the growth of the market. North America holds the largest market share in receptacle tester market followed by Europe. The rapidly developing construction activities in power & energy sector coupled with the increasing investments from domestic and foreign investors in private & public sector in Asia-Pacific region countries like India and China act as a major growth driver for receptacle tester market. However, the uncertainty in economic growth and presence of other conventional circuit testers can hamper the growth of the receptacle tester market.

The global receptacle tester market trends are:

New product launches to flourish the market

Thelaunch of new generation technologically advanced tester products can boost the growth of the receptacle tester market. In the past few years, many such products having unique features were launched in the market. In September 2019, one of the global leader in electrical outlet tester Triplett has launched a new PLUG BUG 2 GFSI tester that tests 3 wire electrical outlets for proper wiring and recognizes wiring faults. The product consists of a tested LED indicator that provides the results of the wiring through blinking of colored lights.

High demand from applications:

The receptacle testers are employed for the various industrial, residential and commercial applications. The receptacle testers are used in the checking of electrical circuit in residential & commercial building, electrical transformers wiring and other wiring applications. The ground fault circuit interrupter (GFSI) receptacle testers are used in identifying the wiring in the in the residential & commercial buildings. The faulty electrical outlets can cause serious damage to the property and can hamper the safety. The receptacle testers are being used as protecting and safety measure to know the condition of the electrical wires in the outlet. There are several types of electrical outlets such as 20 amp grounded and 15 amp grounded. The receptacle testers are used by industrial technicians for maintenance & testing of electrical equipment and electric controls. The receptacle tester products are used for testing of ground fault interruption (GFI), open ground, open hot, open neutral, hot/neutral reverse conditions and ground reverse conditions. The technicians identify the faulty wiring through the flashing of colored lights.

Key benefits of the report:

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

 Receptacle Tester Market Report Highlights