Current Measuring Devices Market By Output (Analog Ammeter, Digital Ammeter), By Type(Clamp Ammeter, Probe Ammeter, Fork Ammeter ), By Current Type (Ac Ammeter, Dc Ammeter, Hybrid Ammeter), By Application (Automotive, Industrial, Energy Management And Smart Grid, Residential ) - Growth, Future Prospects And Competitive Analysis 2017 – 2025

Current measurement is one of the most important aspects in the industrial and power utility sectors. In order to ensure the safe installation and operation of different electrical devices and machinery, it is highly essential to obtain accurate electrical measurements. Current measuring devices refer to measuring instruments used to determine the electric current in a given circuit or load. The current measurement is typically taken in amperes (A) as well as smaller units such as milliamperes and microamperes. These devices are available with both analog and digital output.

The overall current measuring devices market is primarily driven by the ever-rising industrial manufacturing and processing sector worldwide. Industrial manufacturing and processing are among the largest worldwide consumers of the electricity manufacturing and processing sector worldwide. Industrial manufacturing and processing are among the largest worldwide consumers of electricity. Similarly, the sector is the largest consumer of heavy-duty machinery, which necessitates a reliable and consistent power supply. Current measuring devices are used to ensure an appropriate current is being supplied to the machinery so as to ensure minimal damage.

Furthermore, the ever-increasing power utility industry around the world drives the market growth. With consistent increases in electricity consumption, the sector would continue to grow steadily, fueling the market for related tests and measuring equipment. Another important factor driving the market growth is the global expansion of the residential and commercial sectors. However, a major challenge for the market players is the high level of fragmentation in the market. Similarly, the market growth for conventional current measuring devices is also affected by the advent of multimeters used for measuring numerous quantities.

The report titled "Current Measuring Devices Market: Growth, Future Prospects, and Competitive Landscape, 2017–2025" offers strategic insights into the global current measuring devices market with a focus on the market's size and estimates for the duration of 2015–2025. The research study in question includes an in-depth analysis of market segments based on output, types, currents, and applications, as well as a cross-sectional study across various geographies. The study covers the analysis of each sub-segment for the years 2015 and 2025. The report also provides a prolific view of market dynamics, such as market drivers, restraints, and opportunities.

The report also includes competitive profiling of the leading current measuring device manufacturers, their strategies, market positioning, and key developments to assist strategic decision-makers.Some of the major players profiled in the report include Purkey's Fleet Electric, Inc., Beemet Instruments Pvt. Ltd., MetermasterNZ Ltd., Schneider Electric S.E., National Instruments Corporation, Goliya Instruments Pvt. Ltd., PCE Instruments, HPL Electric & Power Ltd., Kyoritsu Electrical Instruments Works, Ltd., Hioki E.E. Corporation, GMC-I PRO SYS Ltd., Rayleigh Instruments Limited, Blue Sea Systems, PacerGroup, Electro Industries/GaugeTech, and Brighton Electronics, Inc.

Other in-depth analysis provided in the report includes:

  • current and future market trends to justify appealing future markets within current measuring devices
  • Market fuels, market impediments, and their impact on market growth
  • Market inclination insights, including key trend analysis for the current measuring devices market,
  • in-depth competitive environment analysis
  • Trailing 2-year market size data (2015–2016)
  • SRC (Segment, Region, Country) Analysis

Overall, the research study provides a holistic view of the global market for current measuring devices, offering market size and estimates for the period from 2017 to 2025, keeping in mind the above-mentioned factors.

The global market for current measuring devices is divided into the following categories based on the nature of the output:

  • Analog
  • Digital

As of 2016, the digital current measuring devices system is dominating the overall current measuring devices market worldwide. The digital ammeter does not require any kind of calibration, and hence the set-up time required for the instrument is almost negligible. A digital ammeter is more accurate and gives a precise reading. A digital ammeter is free from any kind of dynamic error and, hence, is more reliable than an analog ammeter. Consequently, the demand for ground-based military radar is expected to remain high during the forecast period.

Analog current measuring devices trail the digital current measuring devices market as of 2017. Issues related to the use of analog meters, such as accuracy, precision, range, span, and sensitivity of the devices. Many dynamic errors are faced when using an analog ammeter, including overshoot, hysteresis, and backlash. Therefore, the aforementioned issues have resulted in a decline in the demand for analog ammeters in comparison to digital ammeters.

The global market for current measuring devices is segmented, based on type, into the following categories:

  • Clamp
  • Probe
  • Fork

As of 2016, the probe-type current measuring device system is dominating the overall current measuring device market worldwide. These ammeters are very simple to operate and offer a high degree of accuracy. Extensively used for energy audits and smart grid applications, the demand for probe ammeters is expected to demonstrate consistent growth throughout the forecast period.

As of 2016, clamp-type current measuring devices trail the market for probe-type current measuring devices. To measure the current value, a clamp ammeter does not need to be physically connected to the circuit. This helps in the precise measurement of the current in the circuit without creating any losses or back EMF in the circuit. A clamp ammeter is useful in measuring both A.C. and D.C. currents as well as single- and three-phase supplies. Given its utility in a variety of applications, the clamp ammeter is expected to fuel current measurement demand in a variety of industrial and energy applications.

The global market for current measuring devices is divided into the following categories based on the type of current:

  • AC
  • DC
  • Hybrid

Hybrid ammeters dominate the current measuring devices segment by type, as in 2016. The hybrid ammeter has the ability to carry out the current measurement for both supplies. The rising trend of energy conservation and energy audits has bolstered the demand for hybrid ammeters. Customers prefer these meters because they provide a wide range of measurements regardless of the conditions. A hybrid ammeter is capable of measuring current for both single-phase and three-phase A.C. supplies. Consequently, the hybrid ammeter is effective for both industrial and residential applications.

As of 2016, A.C. ammeters trail the hybrid ammeter segment in terms of revenue. The use of an A.C. supply system involves a number of merits, such as the easy transformation of voltage and the implementation of capacitors and inductors. Smart energy management and the development of smart grids currently entail a great deal of measuring the current values of domestic and commercial infrastructures. Consequently, the demand for A.C. ammeters has increased significantly and is expected to continue to rise in the following years.

The global market for current measuring devices has been classified geographically into the following regions and countries:

  • North America
  • U.S.
  • Canada
  • Europe
  • U.K.
  • Germany
  • France
  • Rest of Europe
  • Asia Pacific
  • Japan
  • China
  • India
  • Rest of Asia Pacific
  • Rest of the World (ROW)
  • Middle East and Africa (MEA)
  • Latin America

Asia-Pacific's current measuring devices market was observed as the largest and fastest-growing market during the forecast period of 2017–2025. The rising industrialization in emerging economies such as China, India, and Indonesia, along with an increasing population, is assisting the demand for residential and commercial buildings and growing the number of manufacturers of current measuring devices in China and India. However, the major restraint observed in this region is price sensitivity, which tends to favor cost-effective and cheap products produced in the unorganized sector of this market over other branded products. The Asia-Pacific market is flooded with low-quality products that occasionally deceive customers when it comes to accurate, current measurements.

North America was observed as the second largest market for current measuring devices due to key driving factors such as incessant growth in industrialization, increasing residential and commercial buildings, and developing technologies associated with energy management that are assisting the demand for safe electric equipment. According to market experts, the best current measuring devices on the market are the Amprobe AMP-210 Clamp Meter, Fluke 323, Etekcity MSR-C600, Klein Tools CL800, and GTC CM100. The application of the meter is important when selecting the type of current measuring device, but recently the demand has been more for non-contact voltage testers, as these are safe to handle for both skilled and unskilled people.

Frequently Asked Questions:

The market for Current Measuring Devices Market is expected to reach US$ 1,658.2 Mn By 2025.

The Current Measuring Devices Market is expected to see significant CAGR growth over the coming years, at 7.5%.

The report is forecasted from 2017-2025.

The base year of this report is 2016.

Beemet Instruments Pvt. Ltd., MetermasterNZ Ltd., Schneider Electric S.E., National Instruments Corporation, Goliya Instruments Pvt. Ltd., PCE Instruments, HPL Electric & Power Ltd are some of the major players in the global market.

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Published Date:  May 2017
Category:  Semiconductor & Electronics
Report ID:   58492
Report Format:   PDF
Pages:   120
Rating:    4.6 (40)
Delivery Time: 24 Hours to 48 Hours   
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