Overview and Scope
Electricity and signal testing instruments are defined as instruments that are used for detecting faults in the operation of electronic devices, and 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, and for checking electronic test equipment and maintenance in various industries.
Sizing and Forecast
The electricity and signal testing instruments market size has grown strongly in recent years. It will grow from $65.9 billion in 2024 to $69.79 billion in 2024 at a compound annual growth rate (CAGR) of 5.9%. The growth in the historic period can be attributed to electrification, advancements in electrical engineering and measurement technology, safety and compliance, industrialization, telecommunications and electronics.
The electricity and signal testing instruments market size is expected to see strong growth in the next few years. It will grow to $86.74 billion in 2028 at a compound annual growth rate (CAGR) of 5.6%. The growth in the forecast period can be attributed to renewable energy integration, energy efficiency and conservation, industry 4.0 and iot, regulatory changes, 5g and communication technologies. Major trends in the forecast period include portable and handheld instruments, wireless connectivity, multifunctional testers, data analysis and visualization, green testing solutions.
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Segmentation & Regional Insights
The electricity and signal testing instruments market covered in this report is segmented –
1) By Type: Electricity Testing Instruments, Other Testing and Measuring Instruments, Semiconductor and Signal Testing Instruments
2) By Services: Calibration Services, Repair Services/ After-sales Services
3) By Application: Environmental Protection, Rail, Water Affairs, Municipal, Other Applications
Top 5 Major Players:
Asia-Pacific was the largest region in the electricity and signal testing instruments market in 2024. North America was the second-largest region in the electricity and signal testing instruments market. The regions covered in the electricity and signal testing instruments market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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Major Driver Impacting Market Growth
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 strong growth due to the rise in construction activity. The increasing demand for construction activity was aided by rising disposable income, strong economic growth, a stable political environment, and increasing foreign investments. According to global information, the 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 electricity and signal testing instruments market.
Key Industry Players
Major companies operating in the electricity and signal testing instruments market include Fortive Corporation, Rohde & Schwarz GmbH & Co, Anritsu Corporation, Advantest Corp, Teradyne Inc, Good Will Instruments, Keysight Technologies, Tektronix, Fluke Corporation, Agilent Technologies, National Instruments Corporation, Yokogawa Electric Corporation, EXFO Inc., Viavi Solutions Inc., Chroma ATE Inc., Teledyne LeCroy Inc., GW Instek, B&K Precision Corporation, Hioki E.E. Corporation, Megger Group Limited, Chauvin Arnoux Group, Amprobe Test Tools, AEMC Instruments, Flir Systems Inc., Emerson Electric Co., Danaher Corporation, Honeywell International Inc., Siemens AG, General Electric, Schneider Electric SE
The electricity and signal testing instruments market report table of contents includes:
1. Executive Summary
2. Electricity And Signal Testing Instruments Market Characteristics
3. Electricity And Signal Testing Instruments Market Trends And Strategies
4. Electricity And Signal Testing Instruments Market – Macro Economic Scenario
5. Global Electricity And Signal Testing Instruments Market Size and Growth
……
31. Global Electricity And Signal Testing Instruments Market Competitive Benchmarking
32. Global Electricity And Signal Testing Instruments Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Electricity And Signal Testing Instruments Market
34. Electricity And Signal Testing Instruments Market Future Outlook and Potential Analysis
35. Appendix
List Of Tables:
Table 1: Global Historic Market Growth, 2018-2023, $ Billion
Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion
Table 3: Global Electricity And Signal Testing Instruments Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 4: Global Electricity And Signal Testing Instruments Market, Segmentation By Services, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 5: Global Electricity And Signal Testing Instruments Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
….
Table 74: Fortive Corporation Financial Performance
Table 75: Rohde & Schwarz GmbH & Co Financial Performance
Table 76: Anritsu Corporation Financial Performance
Table 77: Advantest Corp Financial Performance
Table 78: Teradyne Inc. Financial Performance
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