Market Overview:
The global megohmmeters 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 megohmmeters in various applications such as cable manufacturers, aeronautic and aerospace sub assemblies, test laboratories, car industry, and printed circuit boards (PCBs). Megohmmeters are used for measuring insulation resistance levels in electrical equipment and systems. They are also used for detecting faults in insulation systems and diagnosing problems with electrical equipment.
Product Definition:
A Megohmmeter is an instrument used to measure the resistance of an electrical conductor. The higher the megohm reading on a meter, the greater the insulation value of the material. Megohmmeters are used in many industries, including construction and electrical engineering, to test for proper insulation levels in equipment and wiring.
Digital Megohmmeter:
The digital megohmmeter is a device used to measure the surface normal and electrical conductivity of materials. It works on the principle of Wheatstone bridge, where two wires are brought in contact with the material to be measured, and an electric current flows between them due to which resistance is exhibited by the material. The value of resistance can be calculate using Ohm's law which states that voltage divided by current gives us resistivity or length.
Magnetic Field Meter:
Magnetic field meter is a device used for measuring magnetic fields. It's an instrument that uses electromagnetic induction to measure electric current and voltage in the presence of a magnetic field. The most common applications of these devices are in power line inspection, measurement of the strength of magnetism produced by various machines, and testing instruments such as generators, motors etc.
Application Insights:
The test laboratories segment dominated the global megohmmeters market in 2017 and is expected to witness significant growth over the forecast period. This can be attributed to increasing R&D activities in various industries, including automotive, aerospace and defense. In addition, a large number of testing laboratories have been established by major industry players across the world. For instance, Continental AG has more than 400 approved VE Testing Labs around the world that offer services for vehicle emissions control tests as well as regulatory compliance tests for vehicles and engine systems designed by other companies or their suppliers.
In terms of revenue, cable manufacturer application was estimated at USD 536 in 2017 owing to growing demand from end-users for high-speed data transfer technologies such as 10Gigabit Ethernet and optical fiber applications that require high bandwidth cables with low loss & delay characteristics suitable for use within buildings & on building sites where close proximity between conductors is required (i.e., indoor applications).
Regional Analysis:
North America dominated the global market in 2017. The region is expected to maintain its position during the forecast period. This can be attributed to increasing R&D activities and high adoption of advanced technologies across various industries in North America. Moreover, presence of major aircraft manufacturers such as Boeing, Airbus, and Lockheed Martin is also contributing towards growth of the regional market for megohmmeters in aerospace applications.
Asia Pacific region is anticipated to witness significant growth over the forecast period owing to rising investments by governments across various countries for development of manufacturing industry and related sectors such as aeronautics & space technology (ASTR). Furthermore, rapid industrialization along with availability of low-cost skilled labor force are some other factors responsible for rapid growth in Asia Pacific region megohmmeter marketing efforts from research institutes & companies over past few years ‰cƒâ€š‰t would like this article was published under a Creative Commons Attribution 4.
Growth Factors:
- Increasing demand for electric vehicles
- Growing investments in smart grid infrastructure
- Proliferation of renewable energy sources
- Rising awareness about the benefits of using megohmmeters
- Technological advancements in megohmmeter design and functionality
Scope Of The Report
Report Attributes
Report Details
Report Title
Megohmmeters Market Research Report
By Type
Digital Megohmmeter, Magnetic Field Meter
By Application
Cable Manufacturer, Aeronautic, Aerospace Sub Assemblies, Test Laboratories, Car Industry, Printed Circuit Boards
By Companies
Extech Instruments(US), Omega Engineering(US), Aemc Instruments(US), Fluke(US), Keysight(US), Synor Electronique(France), Megger(USA), IET Labs,Inc, ACL,Inc.(US), BK Precision Corporation(Canada), Peak meter(china), Amprobe(US), Hioki(Japan), Duncan Instruments(Canada), RS Components(UK), Allied Electronics,Inc.(US), IHS Product Design(US)
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
235
Number of Tables & Figures
165
Customization Available
Yes, the report can be customized as per your need.
Global Megohmmeters Market Report Segments:
The global Megohmmeters market is segmented on the basis of:
Types
Digital Megohmmeter, Magnetic Field 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
Cable Manufacturer, Aeronautic, Aerospace Sub Assemblies, Test Laboratories, Car Industry, Printed Circuit Boards
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:
- Extech Instruments(US)
- Omega Engineering(US)
- Aemc Instruments(US)
- Fluke(US)
- Keysight(US)
- Synor Electronique(France)
- Megger(USA)
- IET Labs,Inc
- ACL,Inc.(US)
- BK Precision Corporation(Canada)
- Peak meter(china)
- Amprobe(US)
- Hioki(Japan)
- Duncan Instruments(Canada)
- RS Components(UK)
- Allied Electronics,Inc.(US)
- IHS Product Design(US)
Highlights of The Megohmmeters 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:
- Digital Megohmmeter
- Magnetic Field Meter
- By Application:
- Cable Manufacturer
- Aeronautic
- Aerospace Sub Assemblies
- Test Laboratories
- Car Industry
- Printed Circuit Boards
- 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 Megohmmeters 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.
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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?
Megohmmeters is a unit of measurement used to measure the size and thickness of materials.
Some of the major companies in the megohmmeters market are Extech Instruments(US), Omega Engineering(US), Aemc Instruments(US), Fluke(US), Keysight(US), Synor Electronique(France), Megger(USA), IET Labs,Inc, ACL,Inc.(US), BK Precision Corporation(Canada), Peak meter(china), Amprobe(US), Hioki(Japan), Duncan Instruments(Canada), RS Components(UK), Allied Electronics,Inc.(US), IHS Product Design(US).
The megohmmeters market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Megohmmeters 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. Megohmmeters Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Megohmmeters Market - Supply Chain
4.5. Global Megohmmeters Market Forecast
4.5.1. Megohmmeters Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Megohmmeters Market Size (000 Units) and Y-o-Y Growth
4.5.3. Megohmmeters Market Absolute $ Opportunity
5. Global Megohmmeters 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. Megohmmeters Market Size and Volume Forecast by Type
5.3.1. Digital Megohmmeter
5.3.2. Magnetic Field Meter
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Megohmmeters 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. Megohmmeters Market Size and Volume Forecast by Application
6.3.1. Cable Manufacturer
6.3.2. Aeronautic
6.3.3. Aerospace Sub Assemblies
6.3.4. Test Laboratories
6.3.5. Car Industry
6.3.6. Printed Circuit Boards
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Megohmmeters 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. Megohmmeters 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 Megohmmeters 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. Megohmmeters 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 Megohmmeters Demand Share Forecast, 2019-2026
9. North America Megohmmeters 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 Megohmmeters 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 Megohmmeters Market Size and Volume Forecast by Application
9.4.1. Cable Manufacturer
9.4.2. Aeronautic
9.4.3. Aerospace Sub Assemblies
9.4.4. Test Laboratories
9.4.5. Car Industry
9.4.6. Printed Circuit Boards
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Megohmmeters Market Size and Volume Forecast by Type
9.7.1. Digital Megohmmeter
9.7.2. Magnetic Field 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 Megohmmeters Demand Share Forecast, 2019-2026
10. Latin America Megohmmeters 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 Megohmmeters 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 Megohmmeters Market Size and Volume Forecast by Application
10.4.1. Cable Manufacturer
10.4.2. Aeronautic
10.4.3. Aerospace Sub Assemblies
10.4.4. Test Laboratories
10.4.5. Car Industry
10.4.6. Printed Circuit Boards
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Megohmmeters Market Size and Volume Forecast by Type
10.7.1. Digital Megohmmeter
10.7.2. Magnetic Field 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 Megohmmeters Demand Share Forecast, 2019-2026
11. Europe Megohmmeters 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 Megohmmeters 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 Megohmmeters Market Size and Volume Forecast by Application
11.4.1. Cable Manufacturer
11.4.2. Aeronautic
11.4.3. Aerospace Sub Assemblies
11.4.4. Test Laboratories
11.4.5. Car Industry
11.4.6. Printed Circuit Boards
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Megohmmeters Market Size and Volume Forecast by Type
11.7.1. Digital Megohmmeter
11.7.2. Magnetic Field Meter
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Maret 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 Megohmmeters Demand Share, 2019-2026
12. Asia Pacific Megohmmeters 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 Megohmmeters 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 Megohmmeters Market Size and Volume Forecast by Application
12.4.1. Cable Manufacturer
12.4.2. Aeronautic
12.4.3. Aerospace Sub Assemblies
12.4.4. Test Laboratories
12.4.5. Car Industry
12.4.6. Printed Circuit Boards
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Megohmmeters Market Size and Volume Forecast by Type
12.7.1. Digital Megohmmeter
12.7.2. Magnetic Field 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 Megohmmeters Demand Share, 2019-2026
13. Middle East & Africa Megohmmeters 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 Megohmmeters 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 Megohmmeters Market Size and Volume Forecast by Application
13.4.1. Cable Manufacturer
13.4.2. Aeronautic
13.4.3. Aerospace Sub Assemblies
13.4.4. Test Laboratories
13.4.5. Car Industry
13.4.6. Printed Circuit Boards
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Megohmmeters Market Size and Volume Forecast by Type
13.7.1. Digital Megohmmeter
13.7.2. Magnetic Field 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 Megohmmeters Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Megohmmeters Market: Market Share Analysis
14.2. Megohmmeters Distributors and Customers
14.3. Megohmmeters Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Extech Instruments(US)
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Omega Engineering(US)
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Aemc Instruments(US)
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Fluke(US)
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Keysight(US)
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Synor Electronique(France)
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Megger(USA)
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. IET Labs,Inc
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. ACL,Inc.(US)
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. BK Precision Corporation(Canada)
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Peak meter(china)
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Amprobe(US)
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Hioki(Japan)
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Duncan Instruments(Canada)
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. RS Components(UK)
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Allied Electronics,Inc.(US)
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. IHS Product Design(US)
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
