Global Industrial Installation Testers Market to Reach $351 Million by 2027
Amid the COVID-19 crisis, the global market for Industrial Installation Testers estimated at US$270.8 Million in the year 2020, is projected to reach a revised size of US$351 Million by 2027, growing at aCAGR of 3.8% over the period 2020-2027. Low-Voltage Industrial Installation Testers, one of the segments analyzed in the report, is projected to record 4% CAGR and reach US$234.1 Million by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Medium-Voltage Industrial Installation Testers segment is readjusted to a revised 3.4% CAGR for the next 7-year period.
The U.S. Market is Estimated at $79.7 Million, While China is Forecast to Grow at 3.6% CAGR
The Industrial Installation Testers market in the U.S. is estimated at US$79.7 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$62.4 Million by the year 2027 trailing a CAGR of 3.6% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.5% and 3.1% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 3.7% CAGR.We bring years of research experience to this 6th edition of our report. The 146-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.Competitors identified in this market include, among others,
- Chauvin Arnoux Metrix
- Fortive Corporation
- Martindale Electric Co Ltd.
- Megger Ltd.
- Metrel d.d.
- Seaward Electronic Ltd