Market Overview:
The global AC current probe market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for AC current probes in motors and motor drives, power electronics, and other applications. Additionally, the growing demand for miniaturized probes is also contributing to the growth of the market. However, factors such as high cost of advanced probes may restrain the growth of this market during the forecast period. Based on type, monitoring probes accounted for a major share of the global AC current probe market in 2017. This segment is expected to grow at a CAGR of 5% from 2018 to 2030 due to its wide usage across various applications such as motors and motor drives, power electronics, and others.
Product Definition:
An AC current probe is a device that can be used to measure the magnitude and phase of an AC current. The probe is placed around the conductor being measured, and it measures the voltage induced in the conductor by the current. This voltage can then be converted to a measurement of current using Ohm's Law.
Monitoring Probes:
The global monitoring probes market is expected to witness significant growth over the forecast period owing to increasing demand for smart grids. Smart grid technology helps in efficient power transmission and distribution, which is anticipated to drive the market. Additionally, rising government initiatives towards energy conservation are also projected to fuel product demand over the next few years.
Technological advancements such as wireless sensors coupled with growing usage of renewable sources of energy such as solar PV.
Injection Probes:
Injection probes are electronic devices that are used to measure AC current. They work on the principle of induction by means of a rapidly changing magnetic field and an injection probe is placed in proximity to the electrical device under test. The AC current produced by the device flows through the injection probe and is recorded as an output signal from the injector circuit.
Application Insights:
The motors and motor drives segment dominated the global AC current probe market in 2017. This is attributed to the rising demand for electric and hybrid vehicles, which are majorly driven by government initiatives to reduce carbon emissions. For instance, in 2016, the European Commission announced a plan to spend more than USD 20 billion from 2012 to 2020 on promoting clean energy sources such as wind and solar power for reducing greenhouse gas emissions.
AC current probes are used across several industries including medical equipment manufacturing, industrial machinery manufacturing and automation systems among others owing to their ability of providing real-time data regarding operating conditions of electrical equipment with high accuracy levels. They also provide information pertaining transients that may occur due AC or DC voltage fluctuations at different frequencies along with other related parameters concerning insulation resistance etc., which aid in maintaining reliable performance during operation of electrical equipment over long periods of time without maintenance or repairs.
Regional Analysis:
North America dominated the global market in terms of revenue share in 2017. The growth can be attributed to the presence of major industry participants, advanced manufacturing technologies, and increasing demand for energy-efficient products. Moreover, rising focus on grid modernization and integration is expected to drive product adoption over the forecast period.
Asia Pacific is anticipated to witness significant growth over the next eight years owing to rapid industrialization along with growing awareness regarding current probes among end users such as motors & drives manufacturers and OEMs. Furthermore, improving economic conditions are likely to contribute toward increased sales volume across this region during the forecast period from 2018 to 2030 (calendar year).
Europe was valued at USD X million in 2017 and is projected grow at a CAGR of XX% from 2018 until 2030 (in terms of revenue).
Growth Factors:
- Increasing demand for electric vehicles
- Growing investments in smart grid infrastructure
- Proliferation of renewable energy sources
- Rising demand for consumer electronics and appliances
- Growing awareness about energy conservation
Scope Of The Report
Report Attributes
Report Details
Report Title
AC Current Probe Market Research Report
By Type
Monitoring Probes, Injection Probes
By Application
Motors And Motor Drives, Power Electronics, Others
By Companies
GMW, HIOKI, AH Systems, Tektronix, Keysight Technologies, ShenZhen ZhiYong Electronics, RIGOL, PinTech, Powertek
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
210
Number of Tables & Figures
147
Customization Available
Yes, the report can be customized as per your need.
Global AC Current Probe Market Report Segments:
The global AC Current Probe market is segmented on the basis of:
Types
Monitoring Probes, Injection Probes
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Motors And Motor Drives, Power Electronics, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- GMW
- HIOKI
- AH Systems
- Tektronix
- Keysight Technologies
- ShenZhen ZhiYong Electronics
- RIGOL
- PinTech
- Powertek
Highlights of The AC Current Probe Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Monitoring Probes
- Injection Probes
- By Application:
- Motors And Motor Drives
- Power Electronics
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the AC Current Probe Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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- Product & Brand Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
An AC current probe is a device used to measure the current flowing through an electrical conductor.
Some of the key players operating in the ac current probe market are GMW, HIOKI, AH Systems, Tektronix, Keysight Technologies, ShenZhen ZhiYong Electronics, RIGOL, PinTech, Powertek.
The ac current probe market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 AC Current Probe Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 AC Current Probe Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 AC Current Probe Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the AC Current Probe Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global AC Current Probe Market Size & Forecast, 2018-2028
4.5.1 AC Current Probe Market Size and Y-o-Y Growth
4.5.2 AC Current Probe Market Absolute $ Opportunity
Chapter 5 Global AC Current Probe Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 AC Current Probe Market Size Forecast by Type
5.2.1 Monitoring Probes
5.2.2 Injection Probes
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global AC Current Probe Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 AC Current Probe Market Size Forecast by Applications
6.2.1 Motors And Motor Drives
6.2.2 Power Electronics
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global AC Current Probe Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 AC Current Probe Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America AC Current Probe Analysis and Forecast
9.1 Introduction
9.2 North America AC Current Probe Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America AC Current Probe Market Size Forecast by Type
9.6.1 Monitoring Probes
9.6.2 Injection Probes
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America AC Current Probe Market Size Forecast by Applications
9.10.1 Motors And Motor Drives
9.10.2 Power Electronics
9.10.3 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe AC Current Probe Analysis and Forecast
10.1 Introduction
10.2 Europe AC Current Probe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe AC Current Probe Market Size Forecast by Type
10.6.1 Monitoring Probes
10.6.2 Injection Probes
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe AC Current Probe Market Size Forecast by Applications
10.10.1 Motors And Motor Drives
10.10.2 Power Electronics
10.10.3 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific AC Current Probe Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific AC Current Probe Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific AC Current Probe Market Size Forecast by Type
11.6.1 Monitoring Probes
11.6.2 Injection Probes
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific AC Current Probe Market Size Forecast by Applications
11.10.1 Motors And Motor Drives
11.10.2 Power Electronics
11.10.3 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America AC Current Probe Analysis and Forecast
12.1 Introduction
12.2 Latin America AC Current Probe Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America AC Current Probe Market Size Forecast by Type
12.6.1 Monitoring Probes
12.6.2 Injection Probes
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America AC Current Probe Market Size Forecast by Applications
12.10.1 Motors And Motor Drives
12.10.2 Power Electronics
12.10.3 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) AC Current Probe Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) AC Current Probe Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) AC Current Probe Market Size Forecast by Type
13.6.1 Monitoring Probes
13.6.2 Injection Probes
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) AC Current Probe Market Size Forecast by Applications
13.10.1 Motors And Motor Drives
13.10.2 Power Electronics
13.10.3 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 AC Current Probe Market: Competitive Dashboard
14.2 Global AC Current Probe Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 GMW
14.3.2 HIOKI
14.3.3 AH Systems
14.3.4 Tektronix
14.3.5 Keysight Technologies
14.3.6 ShenZhen ZhiYong Electronics
14.3.7 RIGOL
14.3.8 PinTech
14.3.9 Powertek
