Market Overview:
The global insulation resistance meters 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 insulation resistance meters in various applications, such as industrial use, laboratory use, and others. Additionally, the growing awareness about safety and security is also propelling the growth of this market.
Product Definition:
Insulation Resistance Meters are devices that measure the insulation resistance of an object. This is important because it can help to prevent electrical fires by ensuring that objects have adequate insulation.
Handheld Insulation Resistance Meter:
Handheld insulation resistance meter is a device used to measure the thermal resistivity of various materials. It's an electronic device which helps in measuring the heat flux or rate at which heat is dissipated from one side of an insulated material to another. The most common application for this product includes construction, mining, and oil & gas industries where it's used to check if any protective clothing or gloves are required during handling processes.
Benchtop Insulation Resistance Meter:
Benchtop insulation resistance meter is used to measure the thermal resistivity of materials. It works on the principle of heat transfer. The device consists of a source, a detector and an insulated object. The source generates heat which is transferred by conduction or convection or radiation to the detector which converts it into an electrical signal and displays it as temperature difference between two points known as cold point and hot point on its display unit.
Application Insights:
The others segment held the largest market share of over 50% in 2017. The other applications include oil & gas, power generation, and food & beverage industries. These industries require insulation for maintaining low temperatures during transportation or storage of sensitive products. Hence, they use this equipment to measure the resistance level between two materials to ensure that there is no leakage before a product is shipped or stored.
Industrial use was the second-largest application segment in 2017 and it is projected to grow at a CAGR of XX% from 2018 to 2030 owing to rising demand for energy-efficient solutions across various end-use industries such as building & construction, automotive/transportation systems and electrical & electronics industry globally. Moreover, governments are introducing new regulations related to energy consumption which will further boost product demand over the forecast period globally. Increasing investments by companies such as Siemens AG., ABB Ltd.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region accounted for a share of more than 30% in terms of revenue and is likely to witness significant growth rate on account of rising demand from end-use industries such as chemical, petrochemical, power generation, etc. In addition, countries such as China are anticipated to observe high growth rates owing to increasing industrial output coupled with government support for infrastructural development.
The Asia Pacific regional market was followed by Europe that accounted for a share of more than 20% in terms of revenue in 2017 owing to growing awareness among users regarding benefits offered by these devices including accurate results with less effort invested on their part. Moreover, presence or expansion projects undertaken by major players including EIECT Ltd., SGS SA; Instruments Development Co.; Inc.; Fluke Corporation; etc., are expected to drive product demand over the forecast period.
Growth Factors:
- Increasing demand for insulation resistance meters in the electrical and electronics industry for testing and measuring the insulation resistance of various equipment and components.
- Rising demand from end-use industries such as automotive, aerospace, construction, and others for reliable insulation resistance meters to ensure safety and quality of products.
- Growing popularity of portable insulation resistance meters due to their ease of use and portability across different locations.
- Technological advancements in insulation resistance meters that offer enhanced features such as data logging, Bluetooth connectivity, etc., which is resulting in higher adoption rates among users.
- Increasing awareness about the benefits of using insulation resistance meters among consumers is aiding its growth prospects globally
Scope Of The Report
Report Attributes
Report Details
Report Title
Insulation Resistance Meters Market Research Report
By Type
Handheld Insulation Resistance Meter, Benchtop Insulation Resistance Meter
By Application
Industrial Use, Laboratory Use, Others
By Companies
Hioki, Fluke, Keysight Technologies, AEMC Instruments, Extech Instruments, Megger
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
247
Number of Tables & Figures
173
Customization Available
Yes, the report can be customized as per your need.
Global Insulation Resistance Meters Market Report Segments:
The global Insulation Resistance Meters market is segmented on the basis of:
Types
Handheld Insulation Resistance Meter, Benchtop Insulation Resistance Meter
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 Use, Laboratory Use, 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:
- Hioki
- Fluke
- Keysight Technologies
- AEMC Instruments
- Extech Instruments
- Megger
Highlights of The Insulation Resistance Meters 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:
- Handheld Insulation Resistance Meter
- Benchtop Insulation Resistance Meter
- By Application:
- Industrial Use
- Laboratory Use
- 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 Insulation Resistance Meters 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?
Insulation resistance meters measure the ability of a material to resist heat flow.
Some of the key players operating in the insulation resistance meters market are Hioki, Fluke, Keysight Technologies, AEMC Instruments, Extech Instruments, Megger.
The insulation resistance meters market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Insulation Resistance Meters Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Insulation Resistance Meters Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Insulation Resistance Meters Market - Supply Chain
4.5. Global Insulation Resistance Meters Market Forecast
4.5.1. Insulation Resistance Meters Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Insulation Resistance Meters Market Size (000 Units) and Y-o-Y Growth
4.5.3. Insulation Resistance Meters Market Absolute $ Opportunity
5. Global Insulation Resistance Meters Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Insulation Resistance Meters Market Size and Volume Forecast by Type
5.3.1. Handheld Insulation Resistance Meter
5.3.2. Benchtop Insulation Resistance Meter
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Insulation Resistance Meters Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Insulation Resistance Meters Market Size and Volume Forecast by Application
6.3.1. Industrial Use
6.3.2. Laboratory Use
6.3.3. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Insulation Resistance Meters Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Insulation Resistance Meters Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Insulation Resistance Meters Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Insulation Resistance Meters Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Insulation Resistance Meters Demand Share Forecast, 2019-2026
9. North America Insulation Resistance Meters Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Insulation Resistance Meters Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Insulation Resistance Meters Market Size and Volume Forecast by Application
9.4.1. Industrial Use
9.4.2. Laboratory Use
9.4.3. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Insulation Resistance Meters Market Size and Volume Forecast by Type
9.7.1. Handheld Insulation Resistance Meter
9.7.2. Benchtop Insulation Resistance Meter
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Insulation Resistance Meters Demand Share Forecast, 2019-2026
10. Latin America Insulation Resistance Meters Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Insulation Resistance Meters Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Insulation Resistance Meters Market Size and Volume Forecast by Application
10.4.1. Industrial Use
10.4.2. Laboratory Use
10.4.3. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Insulation Resistance Meters Market Size and Volume Forecast by Type
10.7.1. Handheld Insulation Resistance Meter
10.7.2. Benchtop Insulation Resistance Meter
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Insulation Resistance Meters Demand Share Forecast, 2019-2026
11. Europe Insulation Resistance Meters Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Insulation Resistance Meters Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Insulation Resistance Meters Market Size and Volume Forecast by Application
11.4.1. Industrial Use
11.4.2. Laboratory Use
11.4.3. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Insulation Resistance Meters Market Size and Volume Forecast by Type
11.7.1. Handheld Insulation Resistance Meter
11.7.2. Benchtop Insulation Resisance Meter
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Insulation Resistance Meters Demand Share, 2019-2026
12. Asia Pacific Insulation Resistance Meters Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Insulation Resistance Meters Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Insulation Resistance Meters Market Size and Volume Forecast by Application
12.4.1. Industrial Use
12.4.2. Laboratory Use
12.4.3. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Insulation Resistance Meters Market Size and Volume Forecast by Type
12.7.1. Handheld Insulation Resistance Meter
12.7.2. Benchtop Insulation Resistance Meter
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Insulation Resistance Meters Demand Share, 2019-2026
13. Middle East & Africa Insulation Resistance Meters Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Insulation Resistance Meters Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Insulation Resistance Meters Market Size and Volume Forecast by Application
13.4.1. Industrial Use
13.4.2. Laboratory Use
13.4.3. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Insulation Resistance Meters Market Size and Volume Forecast by Type
13.7.1. Handheld Insulation Resistance Meter
13.7.2. Benchtop Insulation Resistance Meter
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Insulation Resistance Meters Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Insulation Resistance Meters Market: Market Share Analysis
14.2. Insulation Resistance Meters Distributors and Customers
14.3. Insulation Resistance Meters Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Hioki
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Fluke
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Keysight Technologies
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. AEMC Instruments
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Extech Instruments
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Megger
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. COMPANY7
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. COMPANY8
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. COMPANY9
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
