Asia-Pacific to Dominate the Voltage Tester Market through 2026
Growing proliferation of
electronic devices and the implementation of high safety standards is expected
to drive the demand of the global voltage tester market in the forecast period.
According to TechSci Research report, “Voltage
Tester Market - Global Industry Size, Share, Trends, Opportunity and
Forecast, 2016-2026
Segmented By Product Type (Contact Voltage Tester,
Non-Contact Voltage Tester), By Operation (Handheld, Portable, Fixed), By
Frequency (High-frequency tester, High-frequency AC tester, High-frequency DC
tester, Low-frequency tester, Low-frequency AC tester, Low-frequency DC
tester), By Application (Industrial, Commercial, Residential) and By Region”, the global voltage tester market is expected to
witness a steady CAGR growth in the next five years, 2022-2026. A voltage
tester is a kind of electrical device which is used to test the presence of
voltage in equipment under test. A voltage tester is different based on the type
of voltage under test, and it can be used to test the voltage of AC or DC
voltage type. Multifunctional voltage testers are present in the market that
can test both types of AC and DC voltage. The high demand for electrical
equipment to be used for different applications is the major driver boosting
the global voltage tester market growth. The growing demand for home
appliances, industrial machinery, and manufacturing equipment along with the
need to fulfill certain standards is expected to fuel the demand for voltage
testers across the globe. The growth in the number of industries to satisfy the
requirements of the growing population and to improve the economic condition of
economies is influencing the global voltage tester market growth. The voltage
tester is extensively used in the construction, automobile, manufacturing, and
other end-user industries which are expected to surge the demand for voltage
testers across the globe. Rising disposable income of the consumers is
increasing the expenditure capacity to buy different electronic products which
require quality testing to check the occurrence of faults is expected to fuel
the demand of the voltage testers in the end-user industries. The rapid
urbanization of people in search of better job opportunities and quality living
standards is increasing the awareness of consumers to buy quality products.
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Global
voltage tester market is segmented into product type, operation, frequency,
application, regional distribution, and company. Based on the product type, the
market can be bifurcated into contact voltage tester and non-contact voltage
tester. The non-contact voltage tester segment is expected to account for the
major global voltage tester market in the forecast period, 2022-2026. The
non-contact voltage testers are easy to handle and are safe to use. These are
the safest way to determine the power is off or on without touching the wires.
Based on the application, the market can be divided into industrial,
commercial, and residential. The industrial segment is expected to dominate the
voltage tester market in the next five years. The high demand for voltage
testers in the electrical & electronics industry owing to the advantages
offered by the voltage tester including instant measurement of voltage, ease to
use, and lower operational time is presenting huge potential for the global
voltage tester market growth.
Toshiba
Corporation, Klein Tools Inc., Analog Devices Inc., STMicroelectronics,
Milwaukee Electric Tool Corporation, Dawson Tools Inc., Seiko Instruments,
Texas Instruments Inc., HD Electric (Emerson), Sibille Fameca Electric, Panduit
Corporation are the leading players operating in global voltage tester market. Market
players are increasingly focusing on research and development process to fuel
higher growth in the market. To meet evolving customer demand with respect to
better efficiency and durability, several voltage tester manufacturers are
coming up with their technologically advanced offerings.
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“Market
players are making high-end investment for technological advancements of
voltage testers such as the launch of voltage testers which are portable,
user-friendly, simple to use, and consist of thermometer functions. The
adoption of advanced technologies such as artificial intelligence, machine
learning, the internet of things, and other technologies is aiding to increase
in the sale of electronic devices and appliances which need to satisfy certain
quality standards, which is expected to propel the global voltage tester market
growth till 2026.” said Mr. Karan Chechi, Research Director with TechSci
Research, a research based global management consulting firm.
“Voltage Tester Market -
Global Industry Size, Share, Trends, Opportunity and Forecast, 2016-2026
Segmented By Product
Type (Contact Voltage Tester, Non-Contact Voltage Tester), By Operation
(Handheld, Portable, Fixed), By Frequency (High-frequency tester,
High-frequency AC tester, High-frequency DC tester, Low-frequency tester,
Low-frequency AC tester, Low-frequency DC tester), By Application (Industrial,
Commercial, Residential) and By Region” has
evaluated the future growth potential of global voltage tester market and
provided statistics & information on market size, shares, structure and
future market growth. The report intends to provide cutting-edge market
intelligence and help decision makers take sound investment decisions. Besides,
the report also identifies and analyzes the emerging trends along with
essential drivers, challenges, and opportunities in the global voltage tester market.
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