Global Electrical Testers Market 2017-2021
- Published: Jul 2017
- Pages: 79
- SKU: IRTNTR12734
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The global electrical testers market research report provides a detailed analysis of the market by end-user (chemical and petrochemical, food processing, power generation, pulp and paper, and others) and by geography (the Americas, APAC, and EMEA). The report also provides an analysis of the market’s competitive landscape and offers information on several electrical tester manufacturers including Fluke, Keysight Technologies, Rohde & Schwarz, and Tektronix.
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Global Electrical Testers Industry Outlook
Market research analysts at Technavio predict that the global electrical testers market will grow steadily during the next four years at a CAGR of around 4% by 2021. Rising commercial construction activities is one of the primary growth factors for this market. Commercial spaces include office buildings, data centers, hotels, and hospitals. The construction of these commercial spaces is being undertaken at a faster level in the developing countries compared to other advanced economies. The shifting trend of urbanization and industrialization has led to the need for more commercial spaces in the developing economies. Electrical testers are used to determine the electric supply in these buildings are as per the requirements and also help in locating faulty connections. The expansion of commercial construction activities is projected to create the demand for electric testers during the forecast period.
One of the latest trends that will gain traction in the global electrical testers market is the growth of the automotive industry. Electronics represent about 30-35% of the total manufacturing costs of an automotive vehicle. The growth of automotive electronics is mainly due to the growing demand for advanced electronic systems such as premium audio systems, advanced driver assistance systems, infotainment systems, on-board diagnostic systems, and electronic transmission. Moreover, the rising demand for automobiles and the increase in investments in the automotive sector has paved the way for the construction of new operational facilities. Similarly, there is also a rising preference for electric buses that run on 100% electricity. Such factors will increase the demand for electrical testers in the market in the forthcoming years.
Competitive landscape and key vendors
Due to the presence of numerous small and regional vendors, the electrical testers market appears fragmented. The market is highly competitive and the prominent vendors in the market are adopting several growth strategies to improve their product portfolios and increase their market penetration. Moreover, these players are also focusing on initiatives to carry out R&D activities to develop innovative products.
The report offers a detailed analysis of several leading companies, including:
- Fluke
- Keysight Technologies
- Rohde & Schwarz
- Tektronix
The other prominent vendors in the market are B&K Precision, EXFO, Metrel, National Instruments, TESSCO, and Yokogawa Electric.
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Electrical testers market segmentation by end-user
- Semiconductors and consumer electronic
- Industrial
- Automotive
- Aerospace and defense
During 2016, the semiconductors and consumer electronics segment accounted for the major shares of the electrical testers market. Factors such as the increasing global population and growing disposable incomes will contribute to the growth of this industry segment in the coming years. Moreover, the increasing demand for various electronic gadgets such as mobile phones, tablets, and laptops will also drive the growth of the segment in the global market.
Electrical testers market segmentation by geography
- Americas
- APAC
- EMEA
This market study estimates that in terms of geographic regions, the Americas was the major revenue contributor to the electrical testers market during 2016. However, APAC will lead this market during the forecast period due to the increased automation of processes in the industries. Also, with the rising population levels, rapid urbanization will also increase the industrialization in the region.
Key highlights of the global electrical testers market for the forecast years 2017-2021:
- CAGR of the market during the forecast period 2017-2021
- Detailed information on factors that will accelerate the growth of the electrical testers market during the next five years
- Precise estimation of the global electrical testers market size and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behavior
- Growth of the electrical testers industry across various geographies such as the Americas, APAC, and EMEA
- A thorough analysis of the market’s competitive landscape and detailed information on several vendors
- Comprehensive information about factors that will challenge the growth of electrical testers companies
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PART 01: Executive summary
PART 02: Scope of the report
PART 03: Research Methodology
PART 04: Introduction
- Market outline
PART 05: Market landscape
- Market overview
- Five forces analysis
PART 06: Market segmentation by end-user
- Market overview
- Semiconductors and consumer electronics sector
- Industrial sector
- Automotive sector
- Aerospace and defense sector
PART 07: Geographical segmentation
- Market overview
- Electrical testers market in Americas
- Electrical testers market in APAC
- Electrical testers market in EMEA
PART 08: Decision framework
PART 09: Drivers and challenges
- Market drivers
- Market challenges
PART 10: Market trends
- Rapid industrialization in APAC
- Growth in automotive industry
- Increase in number of data centers
PART 11: Vendor landscape
- Competitive landscape
- Other prominent vendors
PART 12: Key vendor analysis
- Fluke
- Keysight Technologies
- Rohde & Schwarz
- Tektronix
PART 13: Appendix
- List of abbreviations
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
- Manufacturers and suppliers
- Channel partners
- Industry experts
- Strategic decision makers
Secondary sources
- Industry journals and periodicals
- Government data
- Financial reports of key industry players
- Historical data
- Press releases

DATA ANALYSIS
Data Synthesis
- Collation of data
- Estimation of key figures
- Analysis of derived insights
Data Validation
- Triangulation with data models
- Reference against proprietary databases
- Corroboration with industry experts

REPORT WRITING
Qualitative
- Market drivers
- Market challenges
- Market trends
- Five forces analysis
Quantitative
- Market size and forecast
- Market segmentation
- Geographical insights
- Competitive landscape
Key Questions Answered
- What are the key global market and the regional market share?
- What are the revenue-generating key market segments?
- What are the key factors driving and challenging this market’s growth?
- Who are the key market vendors and their growth strategies?
- What are the latest trends influencing the growth of this market?
- What are the variables influencing the market growth in the primary regions?
- What are the factors influencing the growth of the parent market?
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