Major players in the electricity and signal testing instruments market are Fortive Corporation, Rohde & Schwarz GmbH & Co, Anritsu Corporation, Advantest Corp, Teradyne Inc, and Good Will Instruments.
The global electricity and signal testing instruments market is expected to grow from $54.59 billion in 2020 to $58.33 billion in 2021 at a compound annual growth rate (CAGR) of 6.9%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $74.62 billion in 2025 at a CAGR of 6%.
The electricity and signal testing instruments market consist of sales of electricity and signal testing instruments and related services such as detecting faults in the operation of electronic devices, capturing responses from electronic devices for the usage of measuring and testing the characteristics of electronic and electrical signals.The electricity and signal testing instruments are necessary to find and analyze the circuit conditions, for checking electronic test equipment and maintenance in various industries.
Some of the products manufactured by these instruments include circuit and continuity testers, volt meters, ohm meters, watt meters, mustimeters, and semiconductor test equipment.
The increasing demand from construction industries drove the market for electricity and signal testing instruments.The electricity and signal testing instruments manufacturing market is registering a strong growth due to rise in construction activity.
The increasing demand in construction activity was aided by rising disposable income, strong economic growth, stable political environment and increasing foreign investments. According to the global information, global construction market is expected to grow to $18,775.3 billion at a compound annual growth rate (CAGR) of 10.6% through 2022. Therefore, the increasing demand from construction activities is expected to drive the market for electricity and signal testing instruments.
Trade protectionism pertaining to construction industry are expected to increase in most of the markets, this is expected to restrain the electricity and signal testing instruments manufacturing market.Many countries have imposed trade restrictions, especially on imports, to boost local wood and metal products which are widely used in the construction industry.
The US also imposes many trade restrictions, especially with China, to improve its local production.For example, the US placed a tariff of 25% on steel and a tariff of 10% on aluminium.
The increasing trade protectionism in construction industry has a negative impact on electricity and signal testing instruments market. Therefore, the increasing trade protectionism limits the growth of electricity and signal testing instruments market.
The electricity and signal testing instruments market covered in this report is segmented by type into electricity testing instruments, other testing and measuring instruments, semiconductor and signal testing instruments.
The companies in the electricity and signal testing instruments are increasingly investing in miniaturization of the instruments.The fast growth in the electronics industry is leading to the development of small-sized electronic devices for which miniaturised test and measurement equipment are required.
Miniaturised test and measurement equipment is flexible and easy to use. For example, Advantest is currently offering miniaturised electricity and signal testing equipment in order to keep up with the growing end user demand.
In January 2019, Teradyne, an American developer and supplier of automatic test equipment acquired Lemsys for an undisclosed amount.The acquisition includes change of ownership and enhances Lemsys’s growth through Teradyne’s global distribution and financial strength.
This acquisition will allow Teradyne to expand product development and market growth. Lemsys is a Switzerland based company which produces test equipment for the semiconductor industry, electric vehicles, wind and solar power generation, and high-power industrial applications.
Our reports have been used by over 10K customers, including:
175 pages •
By The Business Research Company
• May 2021
Major players in the alarm systems and equipment market are ADT, Moni, Honeywell, Securitas, UTC, Schneider, Johnson Controls, Vivint, Vector Security and Bosch. The global alarm systems and equipment market is expected to grow from $22.51 billion in 2020 to $22.92 billion in 2021 at a compound annual growth rate (CAGR) of 1.8%. The...
175 pages •
By The Business Research Company
• May 2021
Major players in the earthmoving market are Hyundai Heavy Industries Co. Ltd, J.C. Bamford Excavators Limited, AB Volvo, Doosan Infracore Co. Ltd, SANY America, Liebherr Group, Hitachi Construction Machinery Co. Ltd, Caterpillar Inc, and Komatsu. The global earthmoving market is expected to grow from $82.75 billion in 2020 to $92.82...
301 pages •
By Global Industry Analysts
• Apr 2021
- Deteriorating Market Fundamentals Wipe Out Copper Pipes & Tubes Consumption by 0.53 Million Tons
- The global market for Copper Pipes & Tubes is expected to slump by -13.2% in the year 2020 highlighting a 0.53 million ton erosion in consumption volume. Thereafter the market is expected to recover and reach...
The Generative Design Market is expected to register a CAGR of greater than 15% during the forecast period (2021 - 2026). The upcoming trend of designing toolset with machine learning capabilities contributes to the growth of the market studied. Significant investments made during 2019, aimed at empowering designers to reduce the number of...
The market for Plastics Injection Molding is expected to grow at a CAGR of over 4% during the forecast period. Major factors driving the market studied are accelerating usage in consumer goods & electronics and growing demand in packaging industry. On the flipside, stringent environmental regulations on use of plastics and unfavourable conditions...
117 pages •
By Global Industry Analysts
• Mar 2021
Global Spintronics Market to Reach $2.2 Billion by 2026
- Spintronics or spin electronics represents a promising field with immense potential to enable the development of next-generation power-efficient electronic devices with impressive processing and memory capabilities. The concept revolves...
The global building envelope adhesives & sealants market size will grow to USD 5.9 Billion by 2026 from USD 4.8 Billion in 2021, at a CAGR of 4.3% during the 2021-2026 period. The driving factor for the Building envelope adhesives & sealants market is the development of green buildings due to volatile and high energy prices, concerns...
The foam market size is estimated at USD 93.9 billion in 2021 and is projected to reach USD 118.9 billion by 2026, at a CAGR of 4.8% between 2021 and 2026. The market is propelled by the growth of various end-use industries. Increasing investments in infrastructure, new housing projects, and renovation of non-residential buildings in China,...
Scope of the Report The report titled “Global Linear Guide Market: Size & Forecasts with Impact Analysis of COVID-19 (2021-2025)”, provides an in depth analysis of the global linear guide market by value, by region, etc. The report provides a regional analysis of the linear guide market, including the following regions:...
The global Silane coupling agents market is estimated to be USD 1.2 billion in 2021 and is projected to reach USD 1.6 billion by 2026, at a CAGR of 5.5% from 2021 to 2026. The growth is due to the growing demand from rubber & plastics, paints & coatings and other applications throughout the world. The rising demand from the automotive and...
Paint And Coating
Gross Domestic Product
You can change your Cookie Settings at any time but parts of our site will not function correctly without them.