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 industrial and power utilities sectors. In order to ensure safe installation and operation 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/load. The current measurement is typically taken in amperes (A) as well as smaller units such as milliampere and microamperes. These devices are available in 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 is among the largest consumers of electricity worldwide. Similarly, the sector is the largest consumer of heavy duty machinery requiring safe and consistent electricity supply. Current measuring devices are used to ensure appropriate current is being supplied to the machinery so as to ensure minimal damage.

Further, the market growth is driven by the continually rising power utility industry across the world. With the consistent rise in electricity consumption, the sector would continue to portray steady growth, fueling the related test and measuring equipment market. Another prominent factor propelling the market growth is continually residential and commercial sectors across the world. However, major challenge for the market players is high 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.

Current Measuring Devices Market

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 size and estimates for the duration 2015 to 2025. The said research study covers in-depth analysis of market segments based on output, types, current, application and cross-sectional study across different geographies. The study covers the analysis of each sub-segment for the years 2015 & 2025. The report also provides a prolific view on market dynamics such as market drivers, restraints, and opportunities.

In order to help strategic decision makers, the report also includes competitive profiling of the leading current measuring devices manufacturers, their strategies, market positioning and key developments. Some of the major players profiled in the report include Purkey's Fleet Electric, Inc., Beemet Instruments Pvt Ltd.,MetermasterNZ 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, GMC-I PROSYS 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 the forthcoming attractive markets within the current measuring devices.
  • Market fuellers, market impediments, and their impact on the market growth
  • Market inclination insights including and key trend analysis for 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 current measuring devices market, offering market size and estimates for the period from 2017 to 2025, keeping in mind the above-mentioned factors.

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

  • AC
  • DC
  • Hybrid

Current Measuring Devices Market

Hybrid ammeter dominates the current measuring devices segment by current type, as in 2016. Hybrid ammeter has the ability to carry out the current measurement for both the supplies. Rising trend of energy conservation and energy audit has bolstered the demand for hybrid ammeters. These ammeters are being increasingly preferred by the customers as they provide a wide range of measurement irrespective of the conditions. A hybrid ammeter is capable of measuring current for both single and three phase AC supplies. Consequently, the hybrid ammeter is effective for both industrial, commercial and residential applications.

AC ammeters trail the hybrid ammeter segment in terms of revenue, as in 2016. Use of AC supply system involves a number of merits such as easy transformation of voltage and allow the implementation of capacitors and inductors. Currently, smart energy management and development of smart grids involves a lot of measuring of current values of domestic as well as commercial infrastructures. Consequently, the demand for AC ammeter has increased significantly and expected to show consistent rise in the following years.

The global current measuring devices market has been segmented, on the basis of geographical regions, as per 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 & Africa (MEA)
    • Latin America

Current Measuring Devices Market

Asia-Pacific current measuring devices market was observed as the largest and fastest growing market during the forecast period 2017 – 2025. The rising industrialization in emerging economies such as China, India, and Indonesia, increasing population is assisting the demand for residential and commercial buildings, and growing manufacturers of current measuring devices in China and India. However, the major restraint observed in this region is price sensitivity tends to prefer cost effective and cheap products produced from unorganized sector of this market over other branded products. The Asia-Pacific market is filled with many cheap quality products that sometimes deceive customers in case of accurate current measurement.

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

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Published Date:  May 2017
Category:  Semiconductor & Electronics
Report ID:   58492
Report Format:   PDF
Pages:   120
Rating:    4.1 (40)
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