Clamp Meter Market : Global Industry Analysis
Global Clamp Meter Market: Market Introduction
A clamp meter is electrical test equipment that combines a basic digital multimeter with a current sensor. A clamp meter is mainly used to measure the current around connected cables or wires by clamping the device around it. Various end-use industries use multiple clamp meters for different applications such as on-field and on-field services, measurement safety, and amongst others. Moreover, the clamp meter has significant portability as it is easy to use; also various portable and handheld clamp meters are widely used because of increasing on-field services. The manufacturing units of industries such as electronics, electrics, construction, automotive, and amongst others are extensively use clamp meter for checking, testing, and evaluating the electric power. Leading player are manufacturing clamp meters according to international standards such as certified by ISO or NIST.
Global Clamp Meter Market: Market Dynamics
Electronics and Electrical industries are rapidly expanding in the regions such as the Asia Pacific and North America. Thus, advanced clamp meters are used to test the electric and other instruments in the manufacturing sector. Moreover, advanced clamp meters are used for the verification and certification process. These factors are forecasting to increase the growth of clamp meter market.
Furthermore, increasing power generation and construction industries are creating a significant demand for the clamp meter. The various types of wires and electric instruments used in power generation industry, which demand clamp meter for maintenance purpose. Also, clamp meters are used in the construction industry for checking the electrical power in complex wiring. These factors are boosting the growth of the market. Moreover, the demand for clamp meters is increasing due to the growing automotive industry. Portable clamp meters are used to measure the electric power of components in these industries.
Global Clamp Meter Market: Competition Landscape
Some of the prominent market players identified across the value chain of global clamp meter market are:
The leading players are offering advanced clamp meter with significant specifications and flexibility. For instance, leading players such as Fluke Corporation, PCE Instruments, and among others are offering the clamp meters with high accuracy range, also send data/results to the smart phone.
Global Clamp Meter Market: Regional Overview
North America and Europe have a significant market share of clamp meter in terms of manufacturing, which is witnessed by the high presence of prominent players in these regions. Moreover, East Asia dominant the significant market share. The Asia Pacific countries such as China and India have large market share in terms of manufacturing due to the presence of global and local players. Such as Fluke Corporation and Yokogawa Corporation.
Moreover, the Asia Pacific, including Japan and North America regions, are highly dominant the growth of the market in terms of consumption, due to increasing expansion of end-use industries. The expanding electronics and power generation industries in these regions is forecasted to boost the growth of the clamp meter market. Also, Europe has a significant market share of clamp meter due to the rapidly growing automotive industry. The U.S., China, and India hold a maximum share of clamp meter market due to strong distribution channel. MEA has forecasted as an emerging region for the clamp meter market because of increasing industrialization.
The Clamp Meter Market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, and inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators, and governing factors, along with market attractiveness as per segment. The market report also maps the qualitative impact of various market factors on market segments and geographies.
The report covers exhaustive analysis on:
Supply & Demand
Competition & Companies Involved in the Market
Value Chain of the Market
Market Drivers and Restraints
Regional analysis includes:
North America (U.S., Canada)
Latin America (Mexico, Brazil, Argentina, Peru, Chile, Rest of LATAM)
Europe (Germany, Italy, U.K, Spain, France, Nordic countries, BENELUX, Eastern Europe, Rest of Europe)
CIS & Russia
Asia Pacific Excluding Japan ( Greater China, India, South Korea, ASEAN Countries, Rest of APEJ)
Middle East and Africa (GCC Countries, Turkey, Iran, Israel, S. Africa, Rest of MEA)
Global Clamp Meter Market: Segmentation
The global clamp meter market can be segmented on the basis of modularity, product type, end-user and end-use.
On the basis of Modularity, the global Clamp meter market can be segmented as:
On the basis of End User, the global clamp meter market can be segmented as:
On the basis of End-Use Industry, the global clamp meter market can be segmented as:
Aerospace & defense
Detailed overview of parent market
Changing market dynamics in the industry
In-depth market segmentation
Historical, current and projected market size in terms of volume and value
Recent industry trends and developments
Strategies of key players and products offered
Potential and niche segments, geographical regions exhibiting promising growth
A neutral perspective on market performance
Must-have information for market players to sustain and enhance their market footprint