Global LCR Meter Market 2016-2020

Global outlook for the LCR meter market

The global LCR meter market is envisaged to witness steady growth and will post a moderate CAGR of close to 3% over the forecast period. The education sector has been proliferating with an increasing number of universities and engineering schools being established to meet the demand for trained professionals. This sector requires the use of LCR meters in laboratories and workshops, however; most consumers in the education sector are price-conscious and opt for durable and low-priced products. Many companies are setting up R&D facilities in China which will require general purpose test equipment such as LCR meters to maintain consistency and accuracy in the equipment or circuits being measured. The increasing establishment of research facilities around the world and especially in China will propel the growth prospects for this market during the forecast period.

The introduction of new-age capacitors is one of the emerging trends fuelling the growth of this market in the coming years. The contemporary capacitors have enhanced safety features, better durability, advanced performance, reliability, compactness, and other essential features. For example, Schneider Electric offers high-end active harmonic filters, broadband filters, and hybrid voltage-ampere reactive (VAR) compensators. It offers 68 Kvar single unit can-type capacitors that assist the panel builders to reduce the size of the panels. Moreover, the market is also experiencing the advent of power capacitors that have a high harmonic capability, high inrush current capability, and advanced design and simulation tools. The growing innovations in capacitors will increase the adoption of LCR meters by the capacitor manufacturers during the predicted period.

Segmentation by type and analysis of the LCR meter market

• Handheld
• Benchtop

During 2015, the benchtop segment dominated the market and held nearly 80% of the market share in terms of revenue. Benchtop LCR meters have additional features like programmable frequencies, better measurement accuracy up to 0.01%, data collection for automated applications, and computer control than the handheld LCR meters. Moreover, benchtop LCR meters are used for AC calibration of inductance, capacitance and resistance standards, production testing of components and sensors, and dielectric constant measurements with a variety of dielectric cells. Also, benchtop LCR meters are available on a rent basis which is likely to propel this segment’s growth prospects until the end of 2020.

Geographical segmentation and analysis of the LCR meter market

• Americas
• APAC
• EMEA

In terms of geography, the APAC region led the global LCR meter market and is expected to reach more than USD 401 million by 2020. APAC is home to large semiconductor companies like Renesas Electronics and also has the presence of many consumer electronics manufacturers across countries like Japan, China, South Korea, India, and Taiwan. Also, prominent semiconductor foundries are also present in APAC. These factors are likely to drive the LCR meter market in the region during the forecast period.

Competitive landscape and key vendors

The global LCR meter market is highly fragmented due to the presence of several local and regional vendors offering similar products. The market also has the presence of well-diversified international, regional, and local suppliers. Though several local vendors are emerging in this market, they find it difficult to compete with the existing international vendors in terms of quality, reliability, durability, and technological innovations. The competition is likely to intensify in the market, with an increase in technological innovations and M&A in the future.

Key vendors in this market are -

• Applent
• B&K Precision
• Chroma
• Doble Lemke
• Extech Instruments
• GW Instek
• HIOKI EE
• IET Labs
• Keysight Technologies
• MECO Instruments
• National Instruments
• Newtons4th
• Rohde & Schwarz
• Sanwa Electric Instrument
• Scientific Mes-Technik
• Siborg Systems
• Stanford Research Systems
• Tecpel
• Yokogawa

Key questions answered in the report include

• What will the market size and the growth rate be in 2020?
• What are the key factors driving global LCR meter market?
• What are the key market trends impacting the growth of global LCR meter market?
• What are the challenges to market growth?
• Who are the key vendors in global LCR meter market?
• What are the market opportunities and threats faced by the vendors in global LCR meter market?
• What are the trending factors influencing the market shares of the Americas, APAC, and EMEA?
• What are the key outcomes of the five forces analysis of global LCR meter market?

Technavio also offers customization on reports based on specific client requirement.

Related reports:

• Global Communication Test and Measurement Market 2016-2020
• Test and Measurement Equipment Market in APAC 2015-2019
• Global Test and Measurement Market 2016-2020

An LCR meter is a type of test equipment that is used to measure the inductance, capacitance, and resistance (LCR) of an electronic device. The simple version of this instrument can measure the impedance internally and convert it to the corresponding capacitance or inductance value for display purposes. If the capacitor or inductor device under test does not have a significant resistive component of impedance, the readings are very accurate. Advanced versions of this equipment can measure the equivalent series resistance of capacitors, the true inductance or capacitance, and the Q factor of inductive components.

The report, global LCR meter market, is part of Technavio’s hardware and semiconductor research portfolio. This portfolio provides a comprehensive market analysis along with the market share, market sizing, and market segmentations covering areas such as computing devices, displays, embedded systems, human machine interface, lighting, semiconductor equipment, and sensors. These market research reports provide a perspective on the various market opportunities and market threats along with the key trends that would influence the market growth during the forecast period. It presents insights into the changing competitive landscape and a detailed profiling and market analysis of the vendors. Also covered in the research are the key regions or countries that would have an impact on the market during the assessment years.