Voltage Detectors Market: Emerging Opportunities, Trends and Forecast Analysis (2023-2029)

Voltage Detectors Market was valued at US$ 2.59 Bn. in 2022 and expected to grow at a CAGR of 11.2% during the forecast period (2023-2029). Thanks to the growing trend compact segment use have boosted demand for 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.To know about the Research Methodology :- Request Free Sample 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 2022. 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.Based 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 2022. 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 Regional Insights:
In 2022, 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.
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Voltage Detectors Market


Report Coverage
Details


Base Year:
2022
Forecast Period:
2023-2029


Historical Data:
2017 to 2022
Market Size in 2022:
US$ 2.59 Bn.


Forecast Period 2023 to 2029 CAGR:
11.2%
Market Size in 2029:
US$ 5.46 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 (United States, Canada and Mexico)
• Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
• Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
• Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
• South America (Brazil, Argentina Rest of South America)
Voltage Detectors Market Key Players are:
• 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 2022.

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 2023-2029.

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 2022 to 2029.