India Voltage Tester market to be dominated by Non-Contact Voltage Tester segment through FY2027
Rapid industrilziation and
the growing electronics industry is expected to drive the demand for India Voltage
Tester market for the forecast period.
According to TechSci Research report, “India
Voltage Tester Market By Product Type (Contact Voltage Tester, Non-Contact Voltage Tester), By Operation (Handheld,
Portable, Fixed), By Frequency (High-frequency tester, High-frequency AC tester,
High-frequency DC tester, Low-frequency tester, Low-frequency AC tester,
Low-frequency DC tester), By Application (Industrial, Commercial, Residential),
By Region, Competition Forecast & Opportunities, FY2027”, the India
voltage tester market is expected to grow at a rate of significant CAGR for the
forecast period, FY2023-FY2027. A voltage tester is a kind of electrical device
that is used to test the presence of voltage under observation. A voltage
tester is basically specific to the type of voltage under test, whether it is
AC or DC voltage. Multifunctional voltage testers are also present which can
test the presence of AC as well as DC voltage. It can detect the presence of
voltage in power cables, lighting fixtures, circuit breakers, electric cords,
power outlets, and others. The primary function of voltage tester form getting
an accidental electrical shock. A voltage tester is also used for observing the
battery voltage, battery back-up, microprocessor reset which in turn is
influencing the India voltage tester market growth. The use of advanced tools
and electrical gadgets to be utilized in the research and development
activities required to properly function at the specified voltage which in turn
in fueling the voltage tester market demand. Market players are making huge
investments for the technological advancement of the voltage tester which is
compact and convenient to use. Voltage testers with high-end accuracy and
easy-to-handle feature are in high demand in the residential segment. Market players
also provide voltage testers equipped with different functions such as
integration of thermometer function to increase the sales of the voltage
testers for the residential sector. The growing use of digital voltmeters is
also influencing market growth. It works in a contactless and digital way and
is suitable for various purposes. It can detect overload issues and interfering
signals. Digital voltmeters have a setting for voltage measurement and phase
detection. The rapid growth in the expenditure capacity of people and the
increasing urbanization of people is boosting the demand for advanced home
appliances for enhanced comfort of consumers is expected to propel the India
voltage tester market growth for the next five years.
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India
Voltage Tester market is segmented into product type, operation, frequency,
application, regional distribution, and company. Based on product type, the
market is bifurcated into contact voltage tester and non-contact voltage
tester. The non-contact voltage tester segment is expected to account for a
major market share for the forecast period, FY2023-FY2027. The ease of handling
the non-contact voltage tester and it is secure to use than the contact voltage
tester is driving the growth of the segment. Non-contact voltage testers sense
the current that is capacitively coupled with the live circuit to the tester
and back to the ground. Non-contact voltage tester lightens up without making
contact with the testing device. Based on operation, the market can be divided
into handheld, portable, and fixed. The portable segment is expected to hold a
significant share for the next five years as it can be carried anywhere so it
is easy to use.
Udeyraj
Electricals Private Limited, KP Electronics, Neo Tele - Tronix Private Limited,
HD Eletcric, Toshibha India, Klein Tools Inc., Analog Devices India,
STMicroelectronics, Sibille Fameca Electric, Motwane are the leading players
operating in India voltage tester market. Manufacturers are increasingly
focusing on research and development process to fuel higher growth in the
market. To meet evolving customer demand with respect to better efficiency and
durability, several voltage tester manufacturers are coming up with their
technologically advanced offerings.
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“With
the growth of the GDP and rapid industrialization in the country, the demand
for the voltage tester is expected to rise. Strict regulations for workplace
safety and a rise in the awareness for regular maintenance and replacement of
the faulty parts requiring the use of voltage tester is contributing to the
market growth. Initiatives launched by the leading authorities for
electrification of villages is creating the need for more power generation and
expansion of the transmission network is expected to propel the India voltage
tester market growth till FY2027” said Mr. Karan Chechi, Research Director with
TechSci Research, a research-based global management consulting firm.
“India Voltage Tester
Market By Product Type (Contact Voltage Tester, Non-Contact Voltage Tester), By
Operation (Handheld, Portable, Fixed), By Frequency (High-frequency tester,
High-frequency AC tester, High-frequency DC tester, Low-frequency tester,
Low-frequency AC tester, Low-frequency DC tester), By Application (Industrial,
Commercial, Residential), By Region, Competition Forecast & Opportunities,
FY2027” has evaluated the future growth potential of India voltage
tester market and provided statistics & information on market size, shares,
structure and future market growth. The report intends to provide cutting-edge
market intelligence and help decision makers take sound investment decisions. Besides,
the report also identifies and analyzes the emerging trends along with
essential drivers, challenges, and opportunities in the of India voltage tester
market.
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