India voltage tester market is
expected to grow at a rate of significant CAGR for the forecast period,
FY2023-FY2027. The improvement in the economic conditions of the country is
boosting the growth of the manufacturing sector. The rise in the demand from the
end-user industries including construction, automobile, electrical &
electronics industry, among others is expected to create huge potential for the
India voltage tester market growth. The growth of the electrical &
electronics industry owing to the rise in disposable income and the increasing
expenditure capacity of the consumers. The rapid urbanization of people in
search of better job opportunities and quality living standards is aiding in
increasing the awareness of the consumers. The high demand for voltage testers
from the industries is due to the ability to instantly measure the voltage and
the reduction of the workforce and the operational time is contributing
significantly to the voltage tester market growth. To ensure that all
operations take place at a specified voltage in the industry to ensure the
quality of the product produced is expected to accelerate the growth of the
India voltage tester market for the next five years. Supportive government
policies such as the Make in India campaign with an aim to promote the
production and manufacturing in the country by providing incentives to the
industries are influencing the demand of the voltage testers in the country.
India voltage tester market is
segmented into product type, operation, frequency, application, regional
distribution, and company. Based on the application, the market is divided into
industrial, commercial, and residential. The residential segment is expected to
witness significant growth for the forecast period, FY2023-FY2027. The ease of
use and the growing awareness among consumers regarding the benefits and usage
of the voltage tester is expected to drive the demand of the voltage tester
market.
The major players operating in the
India Voltage Tester market are 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, and others. Major companies are developing
advanced technologies and launching new services to stay competitive in the
market. Other competitive strategies include mergers & acquisitions and new
service developments.
Years considered for this report:
Historical Years: FY2017-FY2020
Base Year: FY2021
Estimated Year: FY2022
Forecast Period: FY2023–FY2027
Objective of the
Study:
- To analyze the historical growth of the market
size of India Voltage Tester market from FY2017 to FY2020.
- To estimate and forecast the market size of India
Voltage Tester market from FY2021 to FY2027 and growth rate until FY2027.
- To classify and forecast India Voltage Tester market
based on product type, operation, frequency, application, regional distribution,
and company.
- To identify dominant region or segment in the India
Voltage Tester market
- To identify drivers and challenges for India Voltage
Tester market
- To examine competitive developments such as
expansions, new product launches, mergers & acquisitions, etc., in India
Voltage Tester market.
- To identify and analyze the profile of leading
players operating in India Voltage Tester market.
- To identify key sustainable strategies adopted
by market players in India Voltage Tester market.
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TechSci Research performed both primary as well as
exhaustive secondary research for this study. Initially, TechSci Research
sourced a list of manufacturers across the country. Subsequently, TechSci
Research conducted primary research surveys with the identified companies.
While interviewing, the respondents were also enquired about their competitors.
Through this technique, TechSci Research could include the manufacturers who
could not be identified due to the limitations of secondary research. TechSci
Research analyzed the manufacturers, distribution channels and presence of all
major players across the country.
TechSci Research calculated the market size of India Voltage Tester market using a bottom-up approach, wherein data for various end-user
segments was recorded and forecast for the future years. TechSci Research
sourced these values from the industry experts and company representatives and
externally validated through analyzing historical data of these product types
and applications for getting an appropriate, overall market size. Various
secondary sources such as company websites, news articles, press releases,
company annual reports, investor presentations and financial reports were also studied
by TechSci Research.
Key Target Audience:
- Voltage tester manufacturing
companies
- Market research and
consulting firms
- Government bodies such as
regulating authorities and policy makers
- Organizations, forums, and
alliances related to voltage tester
The study is useful in providing answers
to several critical questions that are important for the industry stakeholders
such as manufacturers, suppliers and partners, end users, etc., besides
allowing them in strategizing investments and capitalizing on market
opportunities.
Report Scope:
In this report, India Voltage
Tester market has been segmented into following categories, in addition to the
industry trends which have also been detailed below:
·
India Voltage Tester Market, By Product
Type:
- Contact Voltage Tester
- Non-Contact Voltage Tester
- India Voltage Tester Market, By Operation:
- India Voltage Tester Market, By Frequency:
- High-frequency
tester
- High-frequency
AC tester
- High-frequency
DC tester
- Low-frequency
tester
- Low-frequency
AC tester
- Low-frequency
DC tester
- India Voltage Tester Market, By Application:
- Industrial
- Commercial
- Residential
- India Voltage Tester Market, By Region:
Competitive
Landscape
Company Profiles: Detailed analysis of the major
companies present in India Voltage Tester market.
Available
Customizations:
With the given market data, TechSci
Research offers customizations according to a company’s specific needs. The
following customization options are available for the report:
Company Information
- Detailed analysis and
profiling of additional market players (up to five).
India Voltage Tester market
is an upcoming report to be released soon. If you wish an early delivery of
this report or want to confirm the date of release, please contact us at [email protected]