Voltage Detectors Market: Emerging Opportunities, Trends and Forecast Analysis (2021-2027) by Type and Application and Region.

Voltage Detectors market was valued at US$ 2.1 Bn. in 2020 and expected to grow at a CAGR of 11.2 % during the forecast period (2021-2027). Thanks to the growing trend compact segment use have boosted demand for Global Voltage Detectors Market.

Voltage Detectors Market Overview:

As the name itself suggest Voltage Detectors are used to check the presence of voltage in and around an object or surface. It works by measuring the flux lines of the electric fields. These detectors are used to check voltages in power cables, lighting fixtures, wires, and circuit breakers, etc. types of Voltage Detectors available in the market are non-contact Voltage Detectors, neon Voltage Detectors, solenoid Voltage Detectors, digital Voltage Detectors, and pen-style Voltage Detectors. Due to its cheaper maintenance and compact design Voltage Detectors are increasingly used in battery voltage monitoring, microprocessor reset, switching circuits in battery backups, and in finding fault cables. As a result, the global voltage detector market is expected to touch US$ 4.42 Bn. during the forecast period. Voltage Detectors Market To know about the Research Methodology :- Request Free Sample Report The report has covered the market trends from 2015 to forecast the market through 2027. 2019 is considered a base year however 2020’s numbers are on the real output of the companies in the market. Special attention is given to 2020 and the effect of lockdown on the demand and supply, and also the impact of lockdown for the next two years on the market. Some companies have done well in lockdown also and specific strategic analysis of those companies is done in the report.

Voltage Detectors Market Dynamics:

Increasing usage of electrically driven equipment’s in households and industrial sectors, rising working class and attraction towards standard living are driving the growth of the voltage detector market. People’s inclination towards the quick and easy checking voltages in home appliances and the presence of high safety features are creating demand for Voltage Detectors. Increasing government regulations to use of electric vehicles to safeguard earth for future generation and regular up-gradation of safety measurements in large electronic industries attracting the voltage tester market. Because there is a mandatory of testing electrical vehicles and cables every 12 months. The US FDA has imposed regulations for the safety of the worker in electricity departments are adding an advantage to the growth of the market. Growing technological advancements in Voltage Detectors like Hot Stick (Live Line Indicator) Model TP-S9 for measuring up to 510KV voltage, Fluke T5 Electrical Tester for a quick check-in load, and circuit continuity are fueling the market growth. These developments have become more useful for electricians, HVAC technicians, field service engineers, and electrical contractors. This wide range of utilizations of Voltage Detectors is boosting the demand for Voltage Detectors in the global market. Some of the factors affecting the growth of the market are these devices are unable to detect voltages when a shielded wire is present and if the voltage is Dc. Its low operating power and need for research are limiting the growth of the voltage detector market.

Voltage Detectors Market Segmentation:

Based on Type Segment, The Voltage Detectors market is sub-segmented into High-Frequency AC Voltage Detector and Low-Frequency AC Voltage Detector, and Pulsed DC Voltage Detector. The High-Frequency AC Voltage Detector segment dominates the global market and it held a share of 61% in 2020. High voltage is very hazardous to human life it can cause serious injuries or permanent death. According to US Energy and Employment report, more than 1.9 Mn people are working in the electrical industry. Because of this reason, the High-Frequency AC Voltage Detector segment created a huge demand for the market. Increased its application in industries and government establishment are fuelling the market growth. Voltage Detectors MarketBased on Application Segment, the Voltage Detectors market is sub-segmented into industrial, commercial, and residential. The industrial segment dominates the global market and was valued at US$ 1.56 Bn in 2020. Industries are attracting the Voltage Detectors devices because of increasing power failure, the need for safety switching, the need for power quality measurements for continuous running machines, etc. Reasons for slowing the growth of Voltage Detectors in commercial application are lack of operating knowledge to the workers, increasing use of traditional equipment’s and lack of awareness about safety benefits of Voltage Detectors. Voltage Detectors Market

Voltage Detectors Market Regional Insights:

In 2020, Asia-Pacific held the maximum share in the global Voltage Detectors market. Increasing population, increasing purchasing power of the peoples, and presence of large key players in countries like China and India are positively driving the market growth. Government regulations for the safety of the employees and promotion to adopt more electrical drive equipment are boosting the market growth. “Zhangzhou Xin Tian Li Electronics Co., Ltd.” a china based company expecting to expand its market in the north and South America and UYIGAO Technology Co. Ltd is a pioneer in the electronic industry supplying high quality with improved safety products to attract the global market. These recent developments expecting to attract the global market towards the APAC region. North America is the second dominating region in the global Voltage Detectors market. Increasing investment in technology and the presence of major key players are driving the market growth in this region. Increased spending on electronic devices and more attraction towards IoT devices for easy monitoring are fueling the growth of the market. According to a CDC report, more than 3000 people die per year due to electrical accidents. To reduce these deaths US government imposed safety measures. This can boost the voltage detector market positively in this region. The objective of the report is to present a comprehensive analysis of the Voltage Detectors market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market has been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding the Voltage Detectors market dynamics, structure by analyzing the market segments and projecting the Voltage Detectors market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the global Voltage Detectors make the report investor’s guide.

Voltage Detectors Market Scope: Inquiry Before Buying

Voltage Detectors Market
Report Coverage Details
Base Year: 2020 Forecast Period: 2021-2027
Historical Data: 2016 to 2020 Market Size in 2020: US $  2.1 Bn.
Forecast Period 2021 to 2027 CAGR: 11.2 % Market Size in 2027: US $  4.42 Bn.
Segments Covered: by Type • High Frequency AC Voltage Detector • Low Frequency AC Voltage Detector • Pulsed DC Voltage Detector
by Application • Industrial • Commercial • Residential

Voltage Detectors Market, by Region

• North America • Europe • Asia Pacific • The Middle East and Africa • South America

Voltage Detectors Market Key Players

• Sensitec Gmbh • Kohshin Electric Corporation • Pulse Electronics Corporation • Vacuumschmelze Gmbh & Co. Kg • Stmicroelectronics N.V. • Omron Corp (Omron Ia) • Ice Components, Inc. • Magnesensor Technology • American Aerospace Controls Inc. (Aac) • Electrohms Pvt. Ltd. • Dare Electronics, Inc. • Shandong Yuanxing Electronics Co., Ltd. • Sensor Electronic Technology (Set) • Tell-I Technologies, Inc. • Melexis • Allegro Microsystems Llc • Lem International • Infineon Technologies Frequently Asked Questions: 1. Which region has the largest share in Voltage Detectors Market? Ans: Asia-Pacific held the largest share in 2020. 2. What is the growth rate of the Voltage Detectors Market? Ans: The Voltage Detectors Market is growing at a CAGR of 11.2 % during the forecasting period 2021-2027. 3. What segments are covered in Voltage Detectors Market? Ans: Voltage Detectors Market is segmented into type, component, and end-user. 4. Who are the key players in Voltage Detectors Market? Ans: sensitec gmbh, kohshin electric corporation, pulse electronics corporation, vacuumschmelze gmbh & co. Kg, stmicroelectronics n.v., omron corp (omron ia), ice components, inc., magnesensor technology, american aerospace controls inc. (aac), electrohms pvt. Ltd., dare electronics, inc., shandong yuanxing electronics co., ltd., sensor electronic technology (set),tell-i technologies, inc., melexis, allegro microsystems llc, lem international,infineon technologies 5. What is the study period of this market? Ans: The Voltage Detectors Market is studied from 2020 to 2027.
1. Global Voltage Detectors Market: Research Methodology 2. Global Voltage Detectors Market: Executive Summary 2.1 Market Overview and Definitions 2.1.1. Introduction to Global Voltage Detectors Market 2.2. Summary 2.1.1. Key Findings 2.1.2. Recommendations for Investors 2.1.3. Recommendations for Market Leaders 2.1.4. Recommendations for New Market Entry 3. Global Voltage Detectors Market: Competitive Analysis 3.1 MMR Competition Matrix 3.1.1. Market Structure by region 3.1.2. Competitive Benchmarking of Key Players 3.2 Consolidation in the Market 3.2.1 M&A by region 3.3 Key Developments by Companies 3.4 Market Drivers 3.5 Market Restraints 3.6 Market Opportunities 3.7 Market Challenges 3.8 Market Dynamics 3.9 PORTERS Five Forces Analysis 3.10 PESTLE 3.11 Regulatory Landscape by region • North America • Europe • Asia Pacific • The Middle East and Africa • Latin America 3.12 COVID-19 Impact 4. Global Voltage Detectors Market Segmentation 4.1 Global Voltage Detectors Market, by Type (2020-2027) • High Frequency AC Voltage Detector • Low Frequency AC Voltage Detector • Pulsed DC Voltage Detector 4.2 Global Voltage Detectors Market, by Application (2020-2027) • Industrial • Commercial • Residential 5. North America Voltage Detectors Market (2020-2027) 5.1 Global Voltage Detectors Market, by Type (2020-2027) • High Frequency AC Voltage Detector • Low Frequency AC Voltage Detector • Pulsed DC Voltage Detector 5.2 Global Voltage Detectors Market, by Application (2020-2027) • Industrial • Commercial • Residential 5.3 North America Voltage Detectors Market, by Country (2020-2027) • United States • Canada • Mexico 6. Asia Pacific Voltage Detectors Market (2020-2027) 6.1. Asia Pacific Voltage Detectors Market, by Type (2020-2027) 6.2. Asia Pacific Voltage Detectors Market, by Application (2020-2027) 6.3. Asia Pacific Voltage Detectors Market, by Country (2020-2027) • China • India • Japan • South Korea • Australia • ASEAN • Rest Of APAC 7. Middle East and Africa Voltage Detectors Market (2020-2027) 7.1 Middle East and Africa Voltage Detectors Market, by Type (2020-2027) 7.2. Middle East and Africa Voltage Detectors Market, by Application (2020-2027) 7.3. Middle East and Africa Voltage Detectors Market, by Country (2020-2027) • South Africa • GCC • Egypt • Nigeria • Rest Of ME&A 8. Latin America Voltage Detectors Market (2020-2027) 8.1. Latin America Voltage Detectors Market, by Type (2020-2027) 8.2. Latin America Voltage Detectors Market, by Application (2020-2027) 8.3. Latin America Voltage Detectors Market, by Country (2020-2027) • Brazil • Argentina • Rest Of Latin America 9. European Voltage Detectors Market (2020-2027) 9.1. European Voltage Detectors Market, by Type (2020-2027) 9.2. European Voltage Detectors Market, by Application (2020-2027) 9.3. European Voltage Detectors Market, by Country (2020-2027) • UK • France • Germany • Italy • Spain • Sweden • Austria • Rest Of Europe 10. Company Profile: Key players 10.1. SENSITEC GMBH 10.1.1. Company Overview 10.1.2. Financial Overview 10.1.3. Global Presence 10.1.4. Capacity Portfolio 10.1.5. Business Strategy 10.1.6. Recent Developments 10.2 KOHSHIN ELECTRIC CORPORATION 10.3 PULSE ELECTRONICS CORPORATION 10.4 VACUUMSCHMELZE GMBH & CO. KG 10.5 STMICROELECTRONICS N.V. 10.6 OMRON CORP (OMRON IA) 10.7 ICE COMPONENTS, INC. 10.8 MAGNESENSOR TECHNOLOGY 10.9 AMERICAN AEROSPACE CONTROLS INC. (AAC) 10.10 ELECTROHMS PVT. LTD. 10.11 DARE ELECTRONICS, INC. 10.12 SHANDONG YUANXING ELECTRONICS CO., LTD. 10.13 SENSOR ELECTRONIC TECHNOLOGY (SET) 10.14 TELL-I TECHNOLOGIES, INC. 10.15 MELEXIS 10.16 ALLEGRO MICROSYSTEMS LLC 10.17 LEM INTERNATIONAL 10.18 INFINEON TECHNOLOGIES

About This Report

Report ID 93373
Category Electronics
Published Date April 2021
Updated Date Dec 2021
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