Electricity And Signal Testing Instruments Market Report 2023

Electricity And Signal Testing Instruments Global Market Report 2023 – By Type (Electricity Testing Instruments, Other Testing and Measuring Instruments, Semiconductor and Signal Testing Instruments), By Services (Calibration Services, Repair Services/ Aftersales Services), By Application (Environmental Protection, Rail, Water Affairs, Municipal, Other Applications) – Market Size, Trends, And Global Forecast 2023-2032

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Electricity and signal testing instruments are defined as instruments that are used for detecting faults in the operation of electronic devices, and capturing responses from electronic devices for the usage of measuring and testing the characteristics of electronic and electrical signals. The electricity and signal testing instruments are necessary to find and analyze the circuit conditions, and for checking electronic test equipment and maintenance in various industries.

The main types of electricity and signal testing instruments are electricity testing instruments, other testing and measuring instruments, and semiconductor and signal testing instruments. Electricity and signal testing instruments can measure a wide range of electrical parameters from current and voltage to resistance, continuity, and beyond. Electrical contractors use an electricity testing instrument to inspect everything from live wires and circuit breakers to power transformers and electrical panels. The various services provided are calibration services and repair services/ after-sales services that are used for environmental protection, rail, water affairs, municipal, and other applications.

The electricity and signal testing instruments market research report is one of a series of new reports from The Business Research Company that provides electricity and signal testing instruments market statistics, including electricity and signal testing instruments industry global market size, regional shares, competitors with an electricity and signal testing instruments market share, detailed electricity and signal testing instruments market segments, market trends and opportunities, and any further data you may need to thrive in the electricity and signal testing instruments industry. This electricity and signal testing instruments market research report delivers a complete perspective of everything you need, with an in-deptconsistsh analysis of the current and future scenario of the industry.

The global electricity and signal testing instruments market size will grow from $61.33 billion in 2022 to $65.92 billion in 2023 at a compound annual growth rate (CAGR) of 7.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global electricity and signal testing instruments market size is expected to grow to $85.47 billion in 2027 at a CAGR of 6.7%.

The increasing demand from construction industries drove the market for electricity and signal testing instruments. The electricity and signal testing instruments manufacturing market is registering strong growth due to the rise in construction activity. The increasing demand for construction activity was aided by rising disposable income, strong economic growth, a stable political environment, and increasing foreign investments. According to global information, the global construction market is expected to grow to $18,775.3 billion at a compound annual growth rate CAGR of 10.6% through 2022. Therefore, the increasing demand from construction activities is expected to drive the market for electricity and signal testing instruments.

Trade protectionism in the construction industry is expected to increase in most of the markets, this is expected to restrain the electricity and signal testing instruments manufacturing market. Many countries have imposed trade restrictions, especially on imports, to boost local wood and metal products which are widely used in the construction industry. The US also imposes many trade restrictions, especially with China, to improve its local production. For example, the US placed a tariff of 25% on steel and a tariff of 10% on aluminum. The increasing trade protectionism in the construction industry hurts the electricity and signal testing instruments market. Therefore, the increasing trade protectionism limits the growth of the electricity and signal testing instruments market.

The companies in the electricity and signal testing instruments are increasingly investing in the miniaturization of the instruments. The fast growth in the electronics industry is leading to the development of small-sized electronic devices for which miniaturized tests and measurement equipment are required. Miniaturized test and measurement equipment are flexible and easy to use. For example, Advantest is currently offering miniaturized electricity and signal testing equipment to keep up with the growing end-user demand.

In August 2022, Maschinenfabrik Reinhausen GmBH, a Germany-based company operating in the construction of high-voltage testing and diagnostic system acquired Advanced Testing Systems Inc. for an undisclosed amount. Through this acquisition, Maschinenfabrik Reinhausen GmBH aims to strengthen its product portfolio in the high voltage testing industry and expand its reach in the USA market. Advanced Testing Systems Inc. is a US-based electrical testing and maintenance company.

Major players in the electricity and signal testing instruments market are Fortive Corporation, Rohde & Schwarz GmbH & Co., Anritsu Corporation, Advantest Corp., Teradyne Inc. and Good Will Instruments.

Asia-Pacific was the largest region in the electricity and signal testing instruments market in 2022. North America was the second-largest region in the global electricity and signal testing instruments market. The regions covered in the global electricity and signal testing instruments market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

The countries covered in the electricity and signal testing instruments market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK and USA.

The electricity and signal testing instruments market consist of sales of circuit and continuity testers, volt meters, ohm meters, watt meters, multimeters, semiconductor test equipment, and other electricity and signal testing instruments. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

The global electricity and signal testing instruments market is segmented -

1) By Type: Electricity Testing Instruments, Other Testing and Measuring Instruments, Semiconductor and Signal Testing Instruments

2) By Services: Calibration Services, Repair Services/ After-sales Services

3) By Application: Environmental Protection, Rail, Water Affairs, Municipal, Other Applications

    Table Of Contents

    1. Executive Summary

    2. Electricity And Signal Testing Instruments Market Characteristics

    3. Electricity And Signal Testing Instruments Market Trends And Strategies

    4. Electricity And Signal Testing Instruments Market – Macro Economic Scenario

    4.1 COVID-19 Impact On Electricity And Signal Testing Instruments Market

    4.2 Ukraine-Russia War Impact On Electricity And Signal Testing Instruments Market

    4.3 Impact Of High Inflation On Electricity And Signal Testing Instruments Market

    5. Electricity And Signal Testing Instruments Market Size And Growth

    5.1. Global Electricity And Signal Testing Instruments Historic Market, 2017-2022, $ Billion

    5.1.1. Drivers Of The Market

    5.1.2. Restraints On The Market

    5.2. Global Electricity And Signal Testing Instruments Forecast Market, 2022-2027F, 2032F, $ Billion

    5.2.1. Drivers Of The Market

    5.2.2. Restraints On the Market

    6. Electricity And Signal Testing Instruments Market Segmentation

    6.1. Global Electricity And Signal Testing Instruments Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    Electricity Testing Instruments

    Other Testing and Measuring Instruments

    Semiconductor and Signal Testing Instruments

    6.2. Global Electricity And Signal Testing Instruments Market, Segmentation By Services, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    Calibration Services

    Repair Services/ After-sales Services

    6.3. Global Electricity And Signal Testing Instruments Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    Environmental Protection

    Rail

    Water Affairs

    Municipal

    Other Applications

    7. Electricity And Signal Testing Instruments Market Regional And Country Analysis

    7.1. Global Electricity And Signal Testing Instruments Market, Split By Region, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    7.2. Global Electricity And Signal Testing Instruments Market, Split By Country, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    8. Asia-Pacific Electricity And Signal Testing Instruments Market

    8.1. Asia-Pacific Electricity And Signal Testing Instruments Market Overview

    Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies

    8.2. Asia-Pacific Electricity And Signal Testing Instruments Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    9. China Electricity And Signal Testing Instruments Market

    9.1. China Electricity And Signal Testing Instruments Market Overview

    9.2. China Electricity And Signal Testing Instruments Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F,$ Billion

    10. India Electricity And Signal Testing Instruments Market

    10.1. India Electricity And Signal Testing Instruments Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    11. Japan Electricity And Signal Testing Instruments Market

    11.1. Japan Electricity And Signal Testing Instruments Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    12. Australia Electricity And Signal Testing Instruments Market

    12.1. Australia Electricity And Signal Testing Instruments Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    13. Indonesia Electricity And Signal Testing Instruments Market

    13.1. Indonesia Electricity And Signal Testing Instruments Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    14. South Korea Electricity And Signal Testing Instruments Market

    14.1. South Korea Electricity And Signal Testing Instruments Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    15. Western Europe Electricity And Signal Testing Instruments Market

    15.1. Western Europe Electricity And Signal Testing Instruments Market Overview

    15.2. Western Europe Electricity And Signal Testing Instruments Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    16. UK Electricity And Signal Testing Instruments Market

    16.1. UK Electricity And Signal Testing Instruments Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    17. Germany Electricity And Signal Testing Instruments Market

    17.1. Germany Electricity And Signal Testing Instruments Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    18. France Electricity And Signal Testing Instruments Market

    18.3. France Electricity And Signal Testing Instruments Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    19. Eastern Europe Electricity And Signal Testing Instruments Market

    19.1. Eastern Europe Electricity And Signal Testing Instruments Market Overview

    19.2. Eastern Europe Electricity And Signal Testing Instruments Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    20. Russia Electricity And Signal Testing Instruments Market

    20.1. Russia Electricity And Signal Testing Instruments Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    21. North America Electricity And Signal Testing Instruments Market

    21.1. North America Electricity And Signal Testing Instruments Market Overview

    21.2. North America Electricity And Signal Testing Instruments Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    22. USA Electricity And Signal Testing Instruments Market

    22.1. USA Electricity And Signal Testing Instruments Market Overview

    22.2. USA Electricity And Signal Testing Instruments Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    23. South America Electricity And Signal Testing Instruments Market

    23.1. South America Electricity And Signal Testing Instruments Market Overview

    23.2. South America Electricity And Signal Testing Instruments Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    24. Brazil Electricity And Signal Testing Instruments Market

    24.1. Brazil Electricity And Signal Testing Instruments Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    25. Middle East Electricity And Signal Testing Instruments Market

    25.1. Middle East Electricity And Signal Testing Instruments Market Overview

    25.2. Middle East Electricity And Signal Testing Instruments Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    26. Africa Electricity And Signal Testing Instruments Market

    26.1. Africa Electricity And Signal Testing Instruments Market Overview

    26.2. Africa Electricity And Signal Testing Instruments Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    27. Electricity And Signal Testing Instruments Market Competitive Landscape And Company Profiles

    27.1. Electricity And Signal Testing Instruments Market Competitive Landscape

    27.2. Electricity And Signal Testing Instruments Market Company Profiles

    27.2.1. Fortive Corporation

    27.2.1.1. Overview

    27.2.1.2. Products and Services

    27.2.1.3. Strategy

    27.2.1.4. Financial Performance

    27.2.2. Rohde & Schwarz GmbH & Co

    27.2.2.1. Overview

    27.2.2.2. Products and Services

    27.2.2.3. Strategy

    27.2.2.4. Financial Performance

    27.2.3. Anritsu Corporation

    27.2.3.1. Overview

    27.2.3.2. Products and Services

    27.2.3.3. Strategy

    27.2.3.4. Financial Performance

    27.2.4. Advantest Corp

    27.2.4.1. Overview

    27.2.4.2. Products and Services

    27.2.4.3. Strategy

    27.2.4.4. Financial Performance

    27.2.5. Teradyne Inc

    27.2.5.1. Overview

    27.2.5.2. Products and Services

    27.2.5.3. Strategy

    27.2.5.4. Financial Performance

    29. Key Mergers And Acquisitions In The Electricity And Signal Testing Instruments Market

    29. Electricity And Signal Testing Instruments Market Future Outlook and Potential Analysis

    30. Appendix

    30.1. Abbreviations

    30.2. Currencies

    30.3. Historic And Forecast Inflation Rates

    30.4. Research Inquiries

    30.5. The Business Research Company

    30.6. Copyright And Disclaimer

List Of Tables

    Table 1: Global Historic Market Growth, 2017-2022, $ Billion
  • Table 2: Global Forecast Market Growth, 2022-2027F, 2032F, $ Billion
  • Table 3: Global Electricity And Signal Testing Instruments Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 4: Global Electricity And Signal Testing Instruments Market, Segmentation By Services, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 5: Global Electricity And Signal Testing Instruments Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 6: Global Electricity And Signal Testing Instruments Market, Split By Region, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 7: Global Electricity And Signal Testing Instruments Market, Split By Country, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 8: Asia-Pacific, Electricity And Signal Testing Instruments Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 9: China, Electricity And Signal Testing Instruments Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 10: India, Electricity And Signal Testing Instruments Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 11: Japan, Electricity And Signal Testing Instruments Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 12: Australia, Electricity And Signal Testing Instruments Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 13: Indonesia, Electricity And Signal Testing Instruments Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 14: South Korea, Electricity And Signal Testing Instruments Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 15: Western Europe, Electricity And Signal Testing Instruments Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 16: UK, Electricity And Signal Testing Instruments Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 17: Germany, Electricity And Signal Testing Instruments Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 18: France, Electricity And Signal Testing Instruments Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 19: Eastern Europe, Electricity And Signal Testing Instruments Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 20: Russia, Electricity And Signal Testing Instruments Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 21: North America, Electricity And Signal Testing Instruments Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 22: USA, Electricity And Signal Testing Instruments Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 23: South America, Electricity And Signal Testing Instruments Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 24: Brazil, Electricity And Signal Testing Instruments Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 25: Middle East, Electricity And Signal Testing Instruments Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 26: Africa, Electricity And Signal Testing Instruments Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 27: Fortive Corporation Financial Performance
  • Table 28: Rohde & Schwarz GmbH & Co Financial Performance
  • Table 29: Anritsu Corporation Financial Performance
  • Table 30: Advantest Corp Financial Performance
  • Table 31: Teradyne Inc Financial Performance

List Of Figures

    Figure 1: Global Historic Market Growth, 2017-2022, $ Billion
  • Figure 2: Global Forecast Market Growth, 2022-2027F, 2032F, $ Billion
  • Figure 3: Global Electricity And Signal Testing Instruments Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 4: Global Electricity And Signal Testing Instruments Market, Segmentation By Services, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 5: Global Electricity And Signal Testing Instruments Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 6: Global Electricity And Signal Testing Instruments Market, Split By Region, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 7: Global Electricity And Signal Testing Instruments Market, Split By Country, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 8: Asia-Pacific, Electricity And Signal Testing Instruments Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 9: China, Electricity And Signal Testing Instruments Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 10: India, Electricity And Signal Testing Instruments Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 11: Japan, Electricity And Signal Testing Instruments Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 12: Australia, Electricity And Signal Testing Instruments Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 13: Indonesia, Electricity And Signal Testing Instruments Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 14: South Korea, Electricity And Signal Testing Instruments Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 15: Western Europe, Electricity And Signal Testing Instruments Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 16: UK, Electricity And Signal Testing Instruments Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 17: Germany, Electricity And Signal Testing Instruments Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 18: France, Electricity And Signal Testing Instruments Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 19: Eastern Europe, Electricity And Signal Testing Instruments Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 20: Russia, Electricity And Signal Testing Instruments Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 21: North America, Electricity And Signal Testing Instruments Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 22: USA, Electricity And Signal Testing Instruments Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 23: South America, Electricity And Signal Testing Instruments Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 24: Brazil, Electricity And Signal Testing Instruments Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 25: Middle East, Electricity And Signal Testing Instruments Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 26: Africa, Electricity And Signal Testing Instruments Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 27: Fortive Corporation Financial Performance
  • Figure 28: Rohde & Schwarz GmbH & Co Financial Performance
  • Figure 29: Anritsu Corporation Financial Performance
  • Figure 30: Advantest Corp Financial Performance
  • Figure 31: Teradyne Inc Financial Performance
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