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New York, Oct. 22, 2021 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "Voltage Tester Market - Global Industry Size, Share, Trends, Opportunity and Forecast, 2016-2026 Segmented By Product Type, By Operation, By Frequency, By Application and By Region" - https://www.reportlinker.com/p06177432/?utm_source=GNW
Voltage Tester Market - Global Industry Size, Share, Trends, Opportunity and Forecast, 2016-2026
Segmented By Product Type (Contact Voltage Tester, Non-Contact Voltage Tester), By Operation (Handheld, Portable, Fixed), By Frequency (High-frequency tester, High-frequency AC tester, High-frequency DC tester, Low-frequency tester, Low-frequency AC tester, Low-frequency DC tester), By Application (Industrial, Commercial, Residential) and By Region
Global voltage tester market is expected to witness a significant CAGR in the forecast period, 2022-2026.Voltage testers can determine the presence of electric charge when placed near the supply of voltage.
Due to the electric flux interference, the displacement current is formed in the device which indicates the presence of voltage in the voltage tester equipment.Rapid industrialization across the globe owing to the rising population and invention of new technologies is boosting the demand for voltage testers around the globe.
The high demand from the industrial sector followed by the residential sector is driving the growth of the global voltage tester market.A voltage tester is used for monitoring the battery voltage, microprocessor test, brown-out protection, among others, and thereby is influencing the voltage tester market growth.
Stringent government policies and schemes encouraging the adoption of measures for the safety of workers at the workplace are influencing the global voltage tester market growth. The rising preference of industries to ensure regular maintenance and replacement of the faulty parts to provide a safe environment to workers is contributing significantly to fuel the global voltage tester market’s growth for the forecast period.
Global voltage tester market can be segmented into product type, operation, frequency, application, regional distribution, and company.Based on the regional analysis, the Asia-pacific region is expected to dominate the global voltage tester market in the forecast period, 2022-2026.
The rising population and the growing per capita income of consumers is enabling them to afford home appliances which in turn is accelerating the global voltage tester market growth. Market players are launching new products with innovative features and high-quality standards, thereby creating the need for voltage testers to test the faults in the system.
The major players operating in the global voltage tester market are Toshiba Corporation, Klein Tools Inc., Analog Devices Inc., STMicroelectronics, Milwaukee Electric Tool Corporation, Dawson Tools Inc., Seiko Instruments, Texas Instruments Inc., HD Electric, Sibille Fameca Electric, and Panduit Corporation, among others. Major companies are developing advanced technologies and launching new services to stay competitive in the market. Other competitive strategies include mergers & acquisitions and new service developments.
Years considered for this report:
Historical Years: 2016-2019
Base Year: 2020
Estimated Year: 2021
Forecast Period: 2022-2026
Objective of the Study:
• To analyze the historical growth in the market size of global voltage tester market from 2016 to 2020.
• To estimate and forecast the market size of global voltage tester market from 2021 to 2026 and growth rate until 2026.
• To classify and forecast global voltage tester market based on product type, operation, frequency, application, regional distribution, and company.
• To identify dominant region or segment in the global voltage tester market.
• To identify drivers and challenges for global voltage tester market.
• To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in global voltage tester market.
• To identify and analyze the profile of leading players operating in the global voltage tester market.
• To identify key sustainable strategies adopted by market players in global voltage tester market.
The analyst performed both primary as well as exhaustive secondary research for this study.Initially, the analyst sourced a list of manufacturers across the globe.
Subsequently, the analyst conducted primary research surveys with the identified companies.While interviewing, the respondents were also enquired about their competitors.
Through this technique, the analyst could include the manufacturers who could not be identified due to the limitations of secondary research. The analyst examined the manufacturers, distribution channels and presence of all major players across the globe.
The analyst calculated the market size of global voltage tester market using a bottom-up approach, wherein data for various end-user segments was recorded and forecast for the future years. The analyst sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size.
Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by the analyst.
Key Target Audience:
• Voltage tester manufacturing companies
• Market research and consulting firms
• Government bodies such as regulating authorities and policy makers
• Organizations, forums, and alliances related to voltage tester market
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturers, suppliers and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.
Report Scope:
In this report, global voltage tester market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
• Global Voltage Tester Market, By Product Type:
o Contact Voltage Tester
o Non-Contact Voltage Tester
• Global Voltage Tester Market, By Operation:
o Handheld
o Portable
o Fixed
• Global Voltage Tester Market, By Frequency:
o High-frequency tester
o High-frequency AC tester
o High-frequency DC tester
o Low-frequency tester
o Low-frequency AC tester
o Low-frequency DC tester
• Global Voltage Tester Market, By Application:
o Industrial
o Commercial
o Residential
• Global Voltage Tester Market, By Region:
o North America
United States
Canada
Mexico
o Asia-Pacific
China
India
Japan
South Korea
Australia
Singapore
Malaysia
Thailand
o Europe
Germany
United Kingdom
France
Italy
Spain
Norway
Denmark
Poland
o South America
Brazil
Argentina
Colombia
Chile
o Middle East & Africa
Saudi Arabia
South Africa
UAE
Iraq
Competitive Landscape
Company Profiles: Detailed analysis of the major companies present in global voltage tester market.
Available Customizations:
With the given market data, we offers customizations according to a company’s specific needs. The following customization options are available for the report:
Company Information
• Detailed analysis and profiling of additional market players (up to five).
Read the full report: https://www.reportlinker.com/p06177432/?utm_source=GNW
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