Industrial Insulation Testers Market is segmented by Type (Low Voltage Industrial Insulation Tester and High Voltage Industrial Insulation Tester), and by Industry (Process Industry and Discrete Industry), and by Region (United States, Canada, Mexico, France, Germany, Italy, Spain, United Kingdom, Russia, China, India, Philippines, Malaysia, Australia, Austria, South Korea, Middle East, Japan, Africa and Rest of World)
Industrial Insulation Testers Market size shall reach a value of $x Million in 2027, growing with a CAGR of 9.7% during the forecast period of 2020 to 2027.
Market Definition / Research Scope
An Industrial insulation tester is a device that provides an easy and quick way to confirm the condition of the insulation on connectors, wire, generators, transformers, and motor windings. An industrial insulation tester is an instrument used to measure the insulation resistance of electrical equipment used in the industrial sector. The industrial insulation tester measures the insulation resistance values by giving out a high voltage signal into the item being tested.
Insulation testers use a low voltage and high current DC charge to assess the resistance within motor windings and wires to spot damage or faulty insulation and current leakage, which can result in blown circuits, arc faults, and risk of electrical fire or shock. Industrial insulation testers are used for enhancing preventative maintenance actions or monitoring machine health.
Also, Industrial insulation testers are occasionally used during the installation of new electrical equipment or machinery for industrial and commercial operations.
Industrial Insulation Testers Market Growth and Trends
Driving factors for the industry :
• Industrial insulation testers are extensively used to measure insulation resistance of transformers, motor, cables and detect insulation failure in electrical system at the industrial sectors by applying dc voltage current, thereby boosting the need of industrial insulation testers in these field and promoting the global market growth.
• Growing adoption of advanced electrical machinery for various industrial operation has boosted the adoption of industrial insulation testers.
• Extensive adoption of industrial insulation testers in industrial sectors like- automotive, power generation, oil and gas and petrochemical industries, to protect and extend the life span of the system thus rapid adoption of industrial insulation testers due to their multifunctional properties is anticipated to create maximum growth chances for the market in near future.
• North America, Asia-Pacific and Europe will dominate the market globally owing to rise in regulation on preventive maintenance in various industries along with increased installation of heavy machinery, thereby bolstering the demand and growth of the global industrial insulation testers market.
• Rapid industrial and commercial growth in safety requirement among end-user market players has let to the immense growth of the industrial insulation tester market in the near future.
• Innovative development in insulation testers like long standing batteries, highly efficient and heavy-duty product propel the insulation testers market globally.
• Introduction of online sales, through amazon, for the insulation testers will stimulates the global market even further. Implementation of Wi-Fi connectivity in small scale rugged products have positively affected the global insulation testers market during the assessment time period.
• Growing focused in preventive maintenance in industries and adoption of lithium ion batteries for insulation testers are responsible for driving the demand and growth of the industrial insulation testers market.
Challenges for the industry :
• Availability of better and technologically advanced substitutes to industrial insulation testers market.
• Small and medium size industries are less focused and ignorant about adoption of industrial insulation testers and its benefits.
• This in turn will restrain the market and hamper its growth in the near future.
Industrial Insulation Testers Market Regional Analysis
The Asia Pacific region is likely to dominate the Industrial Insulators Testers’ global market by the period of 2019 to 2028 because of the increase in the electrical units and electrification mainly in India, China, Japan, Australia, and South Korea. United States, Greenland, Brazil, and Mexico are expected to hold a major share in the market because of the increase in the number of regulations and awareness in the workplace regarding preventive measures. The European region is also growing rapidly because of the extensive adoption of Industrial Insulation Testers with the high installation of the electrical equipment.
Industrial Insulation Testers Market Share and Competition
Key companies operating in this industry are: Yokogawa Electric Corporation, Fluke Corporation, Meco Instruments Pvt. Ltd, B&K Precision Corporation, Hioki Corporation, Kyoritsu Electrical Instruments, TES Electrical Electronic Corp., and FLIR Systems. Similar industries in this domain that is growing at a high CAGR include Insulation Market and Global Acoustic Insulation Market.
Industrial Insulation Testers Market Research Report Analysis Highlights
• Historical data available (as per request)
• Estimation/projections/forecast for revenue and unit sales (2020 – 2027)
• Data breakdown for every market segment (2020 – 2027)
• Gross margin and profitability analysis of companies
• Price analysis of each product type
• Business trend and expansion analysis
• Import and export analysis
• Competition analysis/market share
• Supply chain analysis
• Client list and case studies
• Market entry strategy
Industry Segmentation and Revenue Breakdown
Type Analysis (Revenue, USD Million, 2020 - 2027)
• Low Voltage Industrial Insulation Tester
• High Voltage Industrial Insulation Tester
Application Analysis (Revenue, USD Million, 2020 - 2027)
• Process Industry
• Discrete Industry
Region Analysis (Revenue, USD Million, 2020 - 2027)
• United States
• United Kingdom
• South Korea
• Middle East
• Rest of World
Industrial Insulation Testers Market Companies
• Yokogawa Electric Corporation
• Fluke Corporation
• Meco Instruments Pvt. Ltd
• B&K Precision Corporation
• Hioki Corporation
• Kyoritsu Electrical Instruments
• TES Electrical Electronic Corp.
• FLIR Systems
Available Versions: -
United States Industrial Insulation Testers Market Research Report
Europe Industrial Insulation Testers Market Research Report
Asia Pacific Industrial Insulation Testers Market Research Report
India Industrial Insulation Testers Market Research Report
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