Voltage Calibrator Market Analysis, Trends and Opportunities forecast year 2023 (SARS-CoV-2, Covid-19 Analysis)
Voltage Calibrator Market
A new market study, titled “Voltage Calibrator Market ” has been featured on Market Research Future.
The data analysts at Market Research Future Reports (MRFR) have revealed that the global voltage calibrator market is estimated to expand at a CAGR of 6.49% during the review period. The growing adoption of voltage calibrator devices in the utility sector is the most significant factor leading to the expansion of the global voltage calibrator market 2020. The utility sector consumes the highest amount of voltage calibrators because of the need to maintain a balanced voltage across the power generation and distribution architecture. Moreover, the power industry poses as the largest demander for the voltage calibrator equipment. In addition, the rising demand for the improvement of power distribution infrastructure in advanced countries is estimated to make substantial participation in expanding the global voltage calibrators market during the review period. Furthermore, the increasing semiconductors sector is estimated to be a significant factor driving the global voltage calibrators market during the review period.
On the other hand, the spread of COVID-19 has resulted in a significant change in global market dynamics. Precise research is being conducted on the aftermath of coronavirus on the global voltage calibrator market. We will provide an impact analysis report on COVID-19.
The global voltage calibrator market can be segmented on the basis of component, vertical, end-user, type, and region.
On the basis of the component, the global voltage calibrator market can be segmented into product and services.
On the basis of vertical, the global voltage calibrator market can be segmented into the semiconductor, telecommunication and IT, healthcare and pharmaceutical, utilities, aerospace and defence, and others.
On the basis of end-user, the global voltage calibrator market can be segmented into research and field.
On the basis of type, the global voltage calibrator market can be segmented into bench type and handheld.
On the basis of region, the global voltage calibrator market can be segmented into North America, Asia-Pacific, Europe, and the Rest of the World (RoW).
An in-depth analysis of the global voltage calibrators market can be segmented into North America, Asia-Pacific, Europe, and the Rest of the World (RoW). The research reveals that the market is estimated to gain momentum during the forecast period. As per the study, the global market is estimated to dominate by North America. Among all nations, the US is estimated to lead the region. The most significant factor driving the regional market is the growing electronics manufacturing in the US, along with the magnifying demand for grid refurbishment. In addition, the US and Canada are predicted to be the most important factors for the voltage calibrators market in the region. On the other hand, the APAC region is estimated to exhibit the maximum growth rate during the review period. The enlarging demand for electricity grid extension projects in the underdeveloped nations in the region is estimated to be an important factor leading to the growth of the calibrator market during the review period.
However, market dynamics are likely to change significantly during the review period. Several regions have been affected substantially due to the spread of COVID-19. We will provide the aftermath COVID-19 report on the impact analysis of the market.
The distinguished players of the global market are Extech Instruments (US), Time Electronics Ltd. (UK), PCE Holding GmbH (Germany), AOIP (France), REED Instruments (US), Yokogawa Test & Measurement Corporation (Japan), Calibrators Inc. (US), Valhalla Scientific Inc. (US), Practical Instrument Electronics, Inc.(US), Fluke Corporation (US), Nagman (India), General Electric Company (US), Powerpoint Engineering Ltd (Ireland), Schweitzer Engineering Laboratories, Inc. (US), and ENGIE LABORELEC (Belgium).
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