The outbreak of COVID-19 negatively impacted the growth of the market in 2020. Disruptions in the supply chain led to a decline in energy demand and new capacity installations. However, rising investments in renewable energy are expected to increase the demand for circuit tracers and reduce the impact of the pandemic on market growth.
The market is expected to be driven by factors such as the timely identification of faults with circuit tracers, the growing demand for power, and the increasing demand for ethernet.
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Circuit Tracer Market: Opportunities
Countries across the world are aiming to improve their manufacturing sector by encouraging the adoption of automation and IoT technologies. Also, the rising volume of data generation is increasing investments in the security and maintenance of data centers. This is increasing the demand for circuit tracers, which is creating opportunities in the market.
Circuit Tracer Market: Segmentation by End-user
Based on the segmentation by end-user, the market generated maximum revenue in the service providers segment in 2020. The segment is driven by the increasing demand for facility management from commercial spaces such as offices, hospitals, malls, airports, and railway stations. Also, a rise in the number of hospitals and airports will contribute to the growth of the segment during the forecast period.
Circuit Tracer Market: Segmentation by Geography
APAC held the largest market share in 2020 and the market growth in the region is expected to be the fastest compared to the growth of the market in other regions. The growth of the market in APAC can be attributed to the rising investments in data centers led by the rapid penetration of smartphones and the internet. In addition, rapid industrialization and the rising adoption of automation technologies will fuel the growth of the circuit tracer market in APAC during the forecast period.
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Circuit Tracer Market: Major Vendors
Emerson Electric Co.
The company offers coaxial cable identification kit: the 402K, PULSE-GROUND FAULT LOCATOR, TRACKER II-CABLE LOCATOR (501), BLL-200 Buried Line Locator, and 508S-G Wire Finder.
ETCON Corp.
The company offers products such as temporary light strings, fish tapes, wire caddies, and others. The company offers CT105 - Audible Circuit Tracer.
Fortive Corp.
The company offers critical technical equipment, components, software and services for manufacturing, repair, and transportation markets worldwide. The company offers Fluke 2042 cable locator.
IDEAL INDUSTRIES INC.
The company offers a wide range of electrical products such as wire connectors, cable stackers, etc. The company offers SureTrace range of circuit tracers.
Klein Tools Inc.
The company offers a wide range of products through its group of companies, which are Alco, CBS Products, Civitella, Ergodyne, GMP, Klein Cutlery, Mumme Tools, Super Rod, Tulmex, and Wattmaster. The company offers digital circuit breaker finder ET300 and circuit breaker finder accessory kit 69411.
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Executive Summary
Market Landscape
- Market ecosystem
- Market characteristics
- Value chain analysis
Market Sizing
- Market definition
- Market segment analysis
- Market size 2020
- Market outlook: Forecast for 2020 - 2025
Five Forces Analysis
- Five forces summary
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
Market Segmentation by End-user
- Market segments
- Comparison by End-user
- Service providers - Market size and forecast 2020-2025
- Industrial - Market size and forecast 2020-2025
- Commercial - Market size and forecast 2020-2025
- Market opportunity by End-user
Customer landscape
Geographic Landscape
- Geographic segmentation
- Geographic comparison
- APAC - Market size and forecast 2020-2025
- North America - Market size and forecast 2020-2025
- Europe - Market size and forecast 2020-2025
- South America - Market size and forecast 2020-2025
- MEA - Market size and forecast 2020-2025
- Key leading countries
- Market opportunity by geography
- Market drivers
- Market challenges
- Market trends
Vendor Landscape
- Competitive scenario
- Vendor landscape
- Landscape disruption
- Industry risks
Vendor Analysis
- Vendors covered
- Market positioning of vendors
- Emerson Electric Co.
- ETCON Corp.
- FLIR Systems Inc.
- Fortive Corp.
- IDEAL INDUSTRIES INC.
- Klein Tools Inc.
- Megger Group Ltd.
- PCE Holding GmbH
- Triplett Test Equipment & Tools
- Zircon Corp.
Appendix
- Scope of the report
- Currency conversion rates for US$
- Research methodology
- List of abbreviations
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