Market Overview:
The global current measuring devices market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for current measuring devices in various applications such as automotive, industrial, energy management and smart grid, and residential. Additionally, the growing awareness about energy conservation is also propelling the growth of this market. The clamp ammeter segment is expected to hold a dominant position in the global current measuring devices market during the forecast period from 2018 to 2030. This segment is anticipated to grow at a CAGR of 5.8% during this period owing to its high accuracy and wide range of applications across various industries.
Product Definition:
There are different types of current measuring devices, but all serve the same purpose: to measure the amount of electric current flowing through a circuit. This information is important for diagnosing problems with electrical systems, as well as for ensuring that circuits are not overloaded.
Clamp Ammeter:
A clamp ammeter is a device used to measure the current or voltage in electric circuits. It consists of two metal plates, one of which is clamped between the two conductors while the other serves as a meter needle.
Current flowing through second conductor produces magnetic field around first,.
Probe Ammeter:
Probe ammeter is an electronic device used to measure the current or voltage in a particular direction. It consists of two probes, one of which is connected to the circuit and other end is attached to an indicator or display unit. The main advantage associated with probe ammeters is that it can be easily inserted into any type of electrical conductor such as metal, plastic, wood, etc., and also it provides accurate measurement even at high temperatures.
Application Insights:
The global current measuring devices market has been segmented on the basis of application into automotive, industrial, energy management and smart grid, residential and others. The automotive sector is expected to emerge as the fastest growing segment over the forecast period owing to increasing demand for electric vehicles.
Automotive applications accounted for a significant share in 2017 owing to wide ranging usage in engine monitoring and diagnostics. Ammeter probes are used extensively during vehicle manufacturing as well as after-sales services when it comes time to repair or replace electrical components due to their complexity. Probe ammeters are also used extensively during vehicle servicing activities due these meters¢â‚¬â„¢ ease of use resulting in increased productivity at service centers thus leading to an increase in sales volume across all major auto manufacturers globally including Toyota Motors Corporation; Honda Motor Co., Ltd.; Nissan Motor Co., Ltd.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing region with a CAGR of XX% from 2018 to 2030 owing to increasing demand for electricity in emerging economies, such as China and India. The growing industrial sector coupled with the rising need for monitoring power consumption in manufacturing facilities will drive product demand over the forecast period.
The European market was valued at USD X million in 2017 and is projected to witness steady growth over the forecast period owing to its well-established infrastructure and advanced technology base pertaining current measurement devices. Moreover, stringent government regulations aimed at reducing carbon emissions by monitoring energy usage are anticipated to further boost regional growth during the forecast period.
Growth Factors:
- Increasing demand from the end-user industries such as automotive, aerospace, and defense
- Growing popularity of smart devices and the Internet of Things (IoT)
- Proliferation of wireless technologies and sensor networks
- Rising concerns over energy consumption and environmental pollution
- Advances in semiconductor technology
Scope Of The Report
Report Attributes
Report Details
Report Title
Current Measuring Devices Market Research Report
By Type
Clamp Ammeter, Probe Ammeter, Fork Ammeter
By Application
Automotive, Industrial, Energy Management And Smart Grid, Residential
By Companies
Purkey's Fleet Electric, Inc., Beemet Instruments Pvt Ltd., Metermaster NZ Ltd., Schneider Electric SE., National Instruments Corporation., Goliya Instruments Pvt. Ltd., PCE Instruments., HPL Electric & Power Ltd., KYORITSU ELECTRICAL INSTRUMENTS WORKS, LTD., HIOKI E.E. Corporation, Purkey's Fleet Electric, Inc., Rayleigh Instruments Limited., Blue Sea Systems, PacerGroup, Brighton Electronics, Inc.
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
186
Number of Tables & Figures
131
Customization Available
Yes, the report can be customized as per your need.
Global Current Measuring Devices Market Report Segments:
The global Current Measuring Devices market is segmented on the basis of:
Types
Clamp Ammeter, Probe Ammeter, Fork Ammeter
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
Automotive, Industrial, Energy Management And Smart Grid, Residential
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:
- Purkey's Fleet Electric, Inc.
- Beemet Instruments Pvt Ltd.
- Metermaster NZ Ltd.
- Schneider Electric SE.
- National Instruments Corporation.
- Goliya Instruments Pvt. Ltd.
- PCE Instruments.
- HPL Electric & Power Ltd.
- KYORITSU ELECTRICAL INSTRUMENTS WORKS, LTD.
- HIOKI E.E. Corporation
- Purkey's Fleet Electric, Inc.
- Rayleigh Instruments Limited.
- Blue Sea Systems
- PacerGroup
- Brighton Electronics, Inc.
Highlights of The Current Measuring Devices 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:
- Clamp Ammeter
- Probe Ammeter
- Fork Ammeter
- By Application:
- Automotive
- Industrial
- Energy Management And Smart Grid
- Residential
- 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 Current Measuring Devices 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
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
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?
Current measuring devices are electronic instruments that measure the flow of electric current in a circuit.
Some of the key players operating in the current measuring devices market are Purkey's Fleet Electric, Inc., Beemet Instruments Pvt Ltd., Metermaster NZ Ltd., Schneider Electric SE., National Instruments Corporation., Goliya Instruments Pvt. Ltd., PCE Instruments., HPL Electric & Power Ltd., KYORITSU ELECTRICAL INSTRUMENTS WORKS, LTD., HIOKI E.E. Corporation, Purkey's Fleet Electric, Inc., Rayleigh Instruments Limited., Blue Sea Systems, PacerGroup, Brighton Electronics, Inc..
The current measuring devices 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 Current Measuring Devices 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 Current Measuring Devices Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Current Measuring Devices 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 Current Measuring Devices 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 Current Measuring Devices Market Size & Forecast, 2018-2028
4.5.1 Current Measuring Devices Market Size and Y-o-Y Growth
4.5.2 Current Measuring Devices Market Absolute $ Opportunity
Chapter 5 Global Current Measuring Devices 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 Current Measuring Devices Market Size Forecast by Type
5.2.1 Clamp Ammeter
5.2.2 Probe Ammeter
5.2.3 Fork Ammeter
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Current Measuring Devices 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 Current Measuring Devices Market Size Forecast by Applications
6.2.1 Automotive
6.2.2 Industrial
6.2.3 Energy Management And Smart Grid
6.2.4 Residential
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Current Measuring Devices 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 Current Measuring Devices 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 Current Measuring Devices Analysis and Forecast
9.1 Introduction
9.2 North America Current Measuring Devices 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 Current Measuring Devices Market Size Forecast by Type
9.6.1 Clamp Ammeter
9.6.2 Probe Ammeter
9.6.3 Fork Ammeter
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 Current Measuring Devices Market Size Forecast by Applications
9.10.1 Automotive
9.10.2 Industrial
9.10.3 Energy Management And Smart Grid
9.10.4 Residential
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 Current Measuring Devices Analysis and Forecast
10.1 Introduction
10.2 Europe Current Measuring Devices 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 Current Measuring Devices Market Size Forecast by Type
10.6.1 Clamp Ammeter
10.6.2 Probe Ammeter
10.6.3 Fork Ammeter
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 Current Measuring Devices Market Size Forecast by Applications
10.10.1 Automotive
10.10.2 Industrial
10.10.3 Energy Management And Smart Grid
10.10.4 Residential
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 Current Measuring Devices Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Current Measuring Devices 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 Current Measuring Devices Market Size Forecast by Type
11.6.1 Clamp Ammeter
11.6.2 Probe Ammeter
11.6.3 Fork Ammeter
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 Current Measuring Devices Market Size Forecast by Applications
11.10.1 Automotive
11.10.2 Industrial
11.10.3 Energy Management And Smart Grid
11.10.4 Residential
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 Current Measuring Devices Analysis and Forecast
12.1 Introduction
12.2 Latin America Current Measuring Devices 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 Current Measuring Devices Market Size Forecast by Type
12.6.1 Clamp Ammeter
12.6.2 Probe Ammeter
12.6.3 Fork Ammeter
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 Current Measuring Devices Market Size Forecast by Applications
12.10.1 Automotive
12.10.2 Industrial
12.10.3 Energy Management And Smart Grid
12.10.4 Residential
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) Current Measuring Devices Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Current Measuring Devices 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) Current Measuring Devices Market Size Forecast by Type
13.6.1 Clamp Ammeter
13.6.2 Probe Ammeter
13.6.3 Fork Ammeter
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) Current Measuring Devices Market Size Forecast by Applications
13.10.1 Automotive
13.10.2 Industrial
13.10.3 Energy Management And Smart Grid
13.10.4 Residential
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 Current Measuring Devices Market: Competitive Dashboard
14.2 Global Current Measuring Devices Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Purkey's Fleet Electric, Inc.
14.3.2 Beemet Instruments Pvt Ltd.
14.3.3 Metermaster NZ Ltd.
14.3.4 Schneider Electric SE.
14.3.5 National Instruments Corporation.
14.3.6 Goliya Instruments Pvt. Ltd.
14.3.7 PCE Instruments.
14.3.8 HPL Electric & Power Ltd.
14.3.9 KYORITSU ELECTRICAL INSTRUMENTS WORKS, LTD.
14.3.10 HIOKI E.E. Corporation
14.3.11 Purkey's Fleet Electric, Inc.
14.3.12 Rayleigh Instruments Limited.
14.3.13 Blue Sea Systems
14.3.14 PacerGroup
14.3.15 Brighton Electronics, Inc.
