Enjoy complimentary customisation on priority with our Enterprise License!
The infographic below contains key findings from our electrical testers market forecast report
Want a bigger picture? Get a FREE sample of this report now!
See the complete table of contents and list of exhibits, as well as selected illustrations and example pages from this report.
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.
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:
The other prominent vendors in the market are B&K Precision, EXFO, Metrel, National Instruments, TESSCO, and Yokogawa Electric.
Get more value with Technavio’s subscription platform! Gain easy access to all of Technavio’s reports, along with on-demand services. Start your 14-day FREE Trial!
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.
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.
Want to dial in on a specific region or segment? We can help! Our analysts can customize this market research report to meet your requirements. Get in touch
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Research Methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Market segmentation by end-user
PART 07: Geographical segmentation
PART 08: Decision framework
PART 09: Drivers and challenges
PART 10: Market trends
PART 11: Vendor landscape
PART 12: Key vendor analysis
PART 13: Appendix
Get lifetime access to our
Technavio Insights
Quick Report Overview:
Cookie Policy
The Site uses cookies to record users' preferences in relation to the functionality of accessibility. We, our Affiliates, and our Vendors may store and access cookies on a device, and process personal data including unique identifiers sent by a device, to personalise content, tailor, and report on advertising and to analyse our traffic. By clicking “I’m fine with this”, you are allowing the use of these cookies. Please refer to the help guide of your browser for further information on cookies, including how to disable them. Review our Privacy & Cookie Notice.