About High Voltage Measuring Equipments
High Voltage Measuring Equipment is used to measure the equipment with high voltage. In recent times, many industries are moving towards automation and using machinery for various applications to speed up the process and improve productivity. Due to this, it is essential to measure the voltage and current accurately, ensuring perfect safety to the personnel and equipment. The measuring devices are small, rugged, and virtually unaffected by the environmental conditions that allow high precision measurement in a short period of time.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
ABB Ltd. (Switzerland), General Electric (United States), Siemens (Germany), Schneider Electric (France), BHEL (India), Ross Engineering (United States), Koncar Group (Croatia), CG Power and Industrial Solutions (India), Shanghai Electric Group (China) and HK Calibration (Australia) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global High Voltage Measuring Equipments market by Type (Voltmeters, High Voltage Divider, High Voltage Probe, Sphere Gaps and Others), Application (High Voltage, Extra-High Voltage and Ultra-High Voltage) and Region.
On the basis of geography, the market of High Voltage Measuring Equipments has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Current Type, the sub-segment i.e. AC will boost the High Voltage Measuring Equipments market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End-user, the sub-segment i.e. Energy & Utilities will boost the High Voltage Measuring Equipments market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Growing Adoption of Digital Voltmeters for High Voltage Measurement
Market Growth Drivers:
Increasing Demand for Measurement and Testing of High Voltage Equipment to Reduce Electrical Failures and Downtime
Challenges:
Measurement Can Be Affected by Atmospheric Conditions or Vicinity of Earthed Objects
Restraints:
Measuring Equipment with High Voltage and Current is Expensive, Which Can Restraint the Market
Opportunities:
Growing Industrialization and Increasing Demand of High-Voltage Power Supply in Industries
Market Leaders and their expansionary development strategies
In April 2022, Vitrek, the leader in high-voltage test and measurement equipment and board-level data acquisition systems, acquired of MTI Instruments, a U.S.-based manufacturer of sophisticated test and measurement equipment. MTI Instruments’ precision tools, systems and solutions are utilized in non-contact metrology, position, displacement and vibration applications within the design, QA/QC, manufacturing, production, test and research markets.
In February 2022, ABB India, the engineering and industrial equipment manufacturer, has launched a new series of electric measuring and power monitoring meters for electrical and control panels. The new meters launched are part of ABB’s M1M series which includes models M1M11, M1MDS, M1M20B and M1M30B.
Key Target Audience
Raw Material Suppliers, New Entrants/Investors, Analysts and Strategic Business Planners, High Voltage Measuring Equipment Manufacturers, Suppliers and Distributors of High Voltage Measuring Equipment, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations, End-users and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.