Global Industrial Installation Testers Market 2018-2022
About Industrial Installation Testers
An industrial installation tester is an electrical testing device used to capture key measurements of insulation, continuity, earthing, and residual current device (RCD) testing. Data recorded by these testers are essential to know whether electrical systems meet standard standards or not.Technavio’s analysts forecast the global industrial installation testers market will post a revenue of more than USD 318 million by 2022.Covered in this report The report covers the present scenario and the growth prospects of the global industrial installation testers market for 2018-2022. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Industrial Installation Testers Market 2018-2022
Technavio recognizes the following companies as the key players in the global industrial installation testers market: Chauvin Arnoux Metrix, Fortive, Martindale Electric, Megger, Metrel, and Seaward Electronic.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is miniaturization of testing devices. Miniaturization refers to the production of smaller device components and products. The miniaturization of devices is one of the trends in the electronic devices market.”
According to the report, one driver in the market is increase in adoption of renewable energy sources by industrial users. Industrial users belonging to both the discrete and process sectors have started adopting renewable energy sources, such as solar energy, wind energy, and biomass, to power their operations.
Further, the report states that one challenge in the market is rise in production costs of installation testers. Installation testers are called MFTs because they perform multiple tasks, including insulation, resistance, and earth loop testing. The manufacturing costs of these devices are high.Chauvin Arnoux Metrix Fortive Martindale Electric Megger Metrel Seaward Electronic