Current Measuring Devices Market To Experience Significant Growth During The Forecast Period

Current measurement is often used for circuit diagnosis. It shows a lot about circuit faults and how they work. It is also a significant element of an energy measurement along with a voltage measurement. Different types of instruments are used for electrical current measurement. An ammeter is a measuring tool used to measure a circuit’s electrical current. An ammeter is used to measure the current provided to or from a component. Parallel to a computer, a voltmeter is linked to evaluate its voltage, while an ammeter is attached to a device for measuring its current in sequence. Current measuring systems are measuring devices that are used to determine electrical current in wiring / electrical load. The multimeter is a widely used tool for measuring current. The current transformer is often used to measure currents. The galvanic isolation between the measuring instrument and the circuit of which the current must be measured is a major advantage of using present transformers.

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Current Measuring Devices Market – Competitive Landscape

  • In June 2019, Schneider Electric introduced a series of Enercept Flex meters “Power Logic EM4200”, which offers installers with improved flexibility and choices for retrofit applications. The EM4200 series Enercept meters are perfect for retail shops and shopping centers, business offices, hotels and other kinds of structures for energy management, tenant sub-billing and demand
  • In March 2019, to facilitate the waveforms observation signifying currents as small as several hundred microamperes or as large as 30 A, HIOKI launched the Current Probes CT6710 and CT6711. This capacity makes the samples suitable for monitoring present waveforms under various working circumstances.

Beemet Instruments Pvt Ltd.

Established in 1992, Beemet Instruments Pvt Ltd. is a provider of analog measuring instruments used in the manufacturing and service industry. The company specializes in manufacturing analog panel meters and shunts. Company’s product portfolio offers an extensive range of ammeters, frequency meters and moving iron voltmeters.

HIOKI E.E. Corporation

Established in 1935, HIOKI E.E. Corporation, headquartered in Nagano Prefecture, Japan, is a company that designs, manufacturers and sales test and measuring instruments.

Schneider Electric SE.

Founded in 1836, Schneider Electric SE. is headquartered in Rueil-Malmaison, France. Schneider Electric SE. is a multinational electronics and electrical equipment manufacturing company. The company provides energy and automation digital solutions for efficiency and sustainability. The company combines various energy technologies, software and services and real-time automation into integrated solutions for buildings, infrastructure, data centers, homes and industries.

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The global market for current measuring devices includes a multiple producers, so the market is fragmented in nature. Strategies such as product development with enhanced measuring capacity, focus on digital meters and multimeters, business expansion across various applications, development of smart meters with advanced features such as measurement storage, enhanced display and connectivity are largely adopted by companies in order to maintain their market position. Some of the significant players in the Purkey’s Fleet Electric, Inc., HIOKI E.E. Corporation, MetermasterNZ Ltd., Blue Sea Systems, Schneider Electric SE., Goliya Instruments Pvt. Ltd., Kyoritsu Electrical Instruments Works, Ltd., PCE Instruments., Beemet Instruments Pvt Ltd., HPL Electric & Power Ltd., National Instruments Corporation and Rayleigh Instruments Limited.

Current Measuring Devices Market – Dynamics

The global market for current measuring devices is driven mainly by the increasing manufacturing and processing industry across the world. Furthermore, the demand for automated testing and measuring facilities is anticipated to continue throughout the forecast period owing to continuously increasing electricity generation. In addition, the ever-increasing construction industry (both business and residential) is also driving market growth. However, the increasing proliferation of multimetering machines poses a significant challenge to market growth. The market for current measuring devices is largely dependent on industries such as manufacturing and processing, power generation and construction.

Furthermore, the growing demand for MCR current transducers is boosting the global current measuring market growth as it can be used to measure direct and alternating currents of any waveform. The MCR current transducers is also use to obtain distorted alternating currents and transform them into a normal analog signal. Increasing demand for hi-tech current measuring system, rising trend in energy management and smart grid system, and ever-changing technology and evolution of new measuring instrument designs are some of the recent trends in the global market place. North America is projected to represent the biggest market share in 2018 due to the presence of a majority of the industry players in the region. 

Current Measuring Devices Market – Segmentation

The current measuring devices market can be segmented based on:

  • Type
  • Output
  • Current
  • Application
  • Geography

Current Measuring Devices Market Segmentation – By Type

Based on the type, the current measuring devices market can be fragmented into:

  • Probe Type
  • Clamp Type
  • Fork Type

Current Measuring Devices Market Segmentation – By Output

Based on the output, the current measuring devices market can be fragmented into:

  • Analog
  • Digital

Current Measuring Devices Market Segmentation – By Current

Based on the current, the current measuring devices market can be fragmented into:

  • AC
  • DC
  • Hybrid

Current Measuring Devices Market Segmentation – By Application

Based on the application, the current measuring devices market can be fragmented into:

  • Automotive
  • Industrial
  • Energy Management and Smart Grid
  • Residential

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