Market Overview:
The global current probes 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 current probes in industrial and scientific applications. Additionally, the growing demand for miniaturized current probes is also contributing to the growth of this market. However, factors such as high cost of advanced current probes and limited number of suppliers are restraining the growth of this market. On the basis of type, AC/DC current probe held a major share in 2017 and is expected to maintain its dominance during the forecast period. This can be attributed to their ability to measure both AC and DC currents simultaneously without any conversion losses.
Product Definition:
A current probe is an instrument used to measure the magnitude and direction of electrical current in a circuit. They are typically used by electronic technicians, engineers and hobbyists to troubleshoot and debug electronic circuits.
AC/DC Current Probe:
Current probes are instruments used to measure the AC/DC current in electronic devices. They are available in different forms such as surface probe, handheld probe, and multisection probes.
These types of probes have a thin wire that comes out of it which can be connected to any device or circuit for measuring the current.
AC Current Probe:
Current probes are used to measure the AC current and it is a non-contact device. It consists of an insulated handle, a meter with two probe leads, and an exposed metal filament for making contact. The meter shows the current strength (amps) through its two probe leads.
The main applications of AC current probes are in arc welding, cutting processes, oxy-fuel welding & cutting process.
Application Insights:
The industrial segment dominated the global current probes market in terms of revenue share in 2017. The growth can be attributed to the increasing demand for electric and electronic equipment from various end-use industries such as automotive, healthcare, consumer electronics, etc. Furthermore, constant technological advancements and innovations are further driving the product demand in this segment. For instance; In June 2016; ABB launched a new range of high power density AC/DC current probe with enhanced features such as multi-phase measurement capability up to 10 MVA across single phase input voltage range which is ideal for industrial applications worldwide.
The scientific application segment accounted for a significant share on account of growing research activities globally coupled with rising investments by governments on advanced education infrastructure development especially in emerging economies including China India & Brazil which is expected to fuel industry expansion over the forecast period.
Regional Analysis:
Asia Pacific dominated the global current probes market in 2016 and is expected to continue its dominance over the forecast period. The region’s growth can be attributed to increasing government funding for research & development activities, rising demand for energy, growing industrialization and expanding power generation sector across emerging economies such as China, India and Indonesia.
The European regional market captured a revenue share of over 20% in 2016 owing to high R&D investments by major players along with technological advancements pertaining to DC/AC technology used across different applications. Moreover, presence of prominent manufacturers coupled with high disposable income will augment the growth prospects of this regional market during the forecast period.
Growth Factors:
- Increasing demand from the automotive and electronics industries for current probes to test the performance of electrical systems and components
- Growing popularity of current probes in research and development (R&D) activities for studying new electrical technologies
- Rising demand for portable current probes that can be used in field testing applications
- Proliferation of smart grids and renewable energy sources, which is driving the need for more advanced current probe technology
- Growing number of start-ups focused on developing innovative new products catering to specific needs in the Current Probes market
Scope Of The Report
Report Attributes
Report Details
Report Title
Current Probes Market Research Report
By Type
AC/DC Current Probe, AC Current Probe, Others
By Application
Industrial, Scientific, Others
By Companies
A.H. Systems, AEMC, Com-Power, ECT, Good Will Instrument, HIOKI, INGUN, IWATSU ELECTRIC, Keysight Technologies, Pico Technology, Powertek, PROVA, Radcal, Radian Research, Rohde & Schwarz, SIGLENT TECHNOLOGIES, Tektronix, TTi, Yokogawa
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
227
Number of Tables & Figures
159
Customization Available
Yes, the report can be customized as per your need.
Global Current Probes Market Report Segments:
The global Current Probes market is segmented on the basis of:
Types
AC/DC Current Probe, AC Current Probe, Others
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
Industrial, Scientific, 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:
- A.H. Systems
- AEMC
- Com-Power
- ECT
- Good Will Instrument
- HIOKI
- INGUN
- IWATSU ELECTRIC
- Keysight Technologies
- Pico Technology
- Powertek
- PROVA
- Radcal
- Radian Research
- Rohde & Schwarz
- SIGLENT TECHNOLOGIES
- Tektronix
- TTi
- Yokogawa
Highlights of The Current Probes 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:
- AC/DC Current Probe
- AC Current Probe
- Others
- By Application:
- Industrial
- Scientific
- 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 Current Probes 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
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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?
Current probes are a type of probe that measure the current flowing through a circuit. They can be used to determine the resistance, capacitance, and inductance of a circuit.
Some of the key players operating in the current probes market are A.H. Systems, AEMC, Com-Power, ECT, Good Will Instrument, HIOKI, INGUN, IWATSU ELECTRIC, Keysight Technologies, Pico Technology, Powertek, PROVA, Radcal, Radian Research, Rohde & Schwarz, SIGLENT TECHNOLOGIES, Tektronix, TTi, Yokogawa.
The current probes market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Current Probes 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 Probes Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Current Probes 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 Probes 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 Probes Market Size & Forecast, 2020-2028
4.5.1 Current Probes Market Size and Y-o-Y Growth
4.5.2 Current Probes Market Absolute $ Opportunity
Chapter 5 Global 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 Market Size Forecast by Type
5.2.1 AC/DC Current Probe
5.2.2 AC Current Probe
5.2.3 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global 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 Market Size Forecast by Applications
6.2.1 Industrial
6.2.2 Scientific
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Current Probes 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 Probes 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 Analysis and Forecast
9.1 Introduction
9.2 North America 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 Market Size Forecast by Type
9.6.1 AC/DC Current Probe
9.6.2 AC Current Probe
9.6.3 Others
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 Market Size Forecast by Applications
9.10.1 Industrial
9.10.2 Scientific
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 Analysis and Forecast
10.1 Introduction
10.2 Europe 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 Market Size Forecast by Type
10.6.1 AC/DC Current Probe
10.6.2 AC Current Probe
10.6.3 Others
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 Market Size Forecast by Applications
10.10.1 Industrial
10.10.2 Scientific
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 Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific 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 Market Size Forecast by Type
11.6.1 AC/DC Current Probe
11.6.2 AC Current Probe
11.6.3 Others
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 Market Size Forecast by Applications
11.10.1 Industrial
11.10.2 Scientific
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 Analysis and Forecast
12.1 Introduction
12.2 Latin America 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 Market Size Forecast by Type
12.6.1 AC/DC Current Probe
12.6.2 AC Current Probe
12.6.3 Others
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 Market Size Forecast by Applications
12.10.1 Industrial
12.10.2 Scientific
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) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) 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) Market Size Forecast by Type
13.6.1 AC/DC Current Probe
13.6.2 AC Current Probe
13.6.3 Others
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) Market Size Forecast by Applications
13.10.1 Industrial
13.10.2 Scientific
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 Current Probes Market: Competitive Dashboard
14.2 Global Current Probes Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 A.H. Systems
14.3.2 AEMC
14.3.3 Com-Power
14.3.4 ECT
14.3.5 Good Will Instrument
14.3.6 HIOKI
14.3.7 INGUN
14.3.8 IWATSU ELECTRIC
14.3.9 Keysight Technologies
14.3.10 Pico Technology
14.3.11 Powertek
14.3.12 PROVA
14.3.13 Radcal
14.3.14 Radian Research
14.3.15 Rohde & Schwarz
14.3.16 SIGLENT TECHNOLOGIES
14.3.17 Tektronix
14.3.18 TTi
14.3.19 Yokogawa
