Electricity And Signal Testing Instruments Global Market to Reach $75.07 Billion by 2026

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Sep 23, 2022, 14:45 ET

DUBLIN, Sept. 23, 2022 /PRNewswire/ -- The "Electricity And Signal Testing Instruments Global Market Report 2022, By Type, By Services, By Application" report has been added to ResearchAndMarkets.com's offering.

The global electricity and signal testing instruments market is expected to grow from $55.91 billion in 2021 to $60.53 billion in 2022 at a compound annual growth rate (CAGR) of 8.3%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $75.07 billion in 2026 at a CAGR of 5.5%.

Asia Pacific was the largest region in the electricity and signal testing instruments market in 2021. North America was the second-largest region in the electricity and signal testing instruments market. The regions covered in this report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

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 a strong growth due to rise in construction activity. The increasing demand in construction activity was aided by rising disposable income, strong economic growth, stable political environment and increasing foreign investments. According to the global information, 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 pertaining to construction industry are 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 construction industry has a negative impact on electricity and signal testing instruments market. Therefore, the increasing trade protectionism limits the growth of electricity and signal testing instruments market.

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

Scope
Markets Covered: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; Others

Key Topics Covered:

1. Executive Summary

2. Electricity And Signal Testing Instruments Market Characteristics

3. Electricity And Signal Testing Instruments Market Trends And Strategies

4. Impact Of COVID-19 On Electricity And Signal Testing Instruments

5. Electricity And Signal Testing Instruments Market Size And Growth

6. Electricity And Signal Testing Instruments Market Segmentation

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

8. Asia-Pacific Electricity And Signal Testing Instruments Market

9. China Electricity And Signal Testing Instruments Market

10. India Electricity And Signal Testing Instruments Market

11. Japan Electricity And Signal Testing Instruments Market

12. Australia Electricity And Signal Testing Instruments Market

13. Indonesia Electricity And Signal Testing Instruments Market

14. South Korea Electricity And Signal Testing Instruments Market

15. Western Europe Electricity And Signal Testing Instruments Market

16. UK Electricity And Signal Testing Instruments Market

17. Germany Electricity And Signal Testing Instruments Market

18. France Electricity And Signal Testing Instruments Market

19. Eastern Europe Electricity And Signal Testing Instruments Market

20. Russia Electricity And Signal Testing Instruments Market

21. North America Electricity And Signal Testing Instruments Market

22. USA Electricity And Signal Testing Instruments Market

23. South America Electricity And Signal Testing Instruments Market

24. Brazil Electricity And Signal Testing Instruments Market

25. Middle East Electricity And Signal Testing Instruments Market

26. Africa Electricity And Signal Testing Instruments Market

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

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

Companies Mentioned