Global Handheld LCR Meters Market by Type (Inductance Measurement, Capacitance Measurement, Resistance Measurement), By Application (Electrical Related Industries, Laboratories, Others) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028

The Global Handheld LCR Meters Market size is expected to grow from USD 1.2 Billion in 2021 to USD XX Billion by 2028, at an estimated CAGR of 6.8% during the forecast period (2021-2028). The growing demand for handheld LCR meters in electrical-related industries and laboratories coupled with the increasing number of R&D initiatives taken up by major players are among the key factors driving the growth of this market.

Handheld LCR Meters are portable electronic devices that enable users to measure the capacitance, inductance, or resistance in an electrical circuit. The measurements can be used for various applications such as identifying faults and determining optimum performance levels of circuits.

On the basis of Types, the market is segmented into Inductance Measurement, Capacitance Measurement, Resistance Measurement.

Inductance Measurement:

In Inductance measurement, a current is induced in the coil by an external flux. The magnitude of this induced voltage varies with that of the applied alternating magnetic field and its frequency.

An LCR meter with an inductance measurement capability uses its measuring coils to detect changes in impedance with respect to time caused by alternating currents passing through them - changing their relative opposition or reactivity. These devices have very low-frequency response limits in order not to pick up interference from power lines and other sources of electromagnetic fields.

Capacitance Measurement:

Capacitance is the measure of how much an object can store electrical energy. It’s measured in farads, which are a unit of measurement for capacitors. When there's more storage capacity, or "capacitance," it means that the material will hold and release electricity better than something with less storage capacity.

Resistance Measurement:

The resistance measurement technique is a common and widely used method for testing the electrical properties of materials. It gives an accurate representation of how much voltage (E) is needed to maintain a current flow through the conductor, which can be measured in units called ohms (Ω). Resistance measurements are made with meters that use four points to measure the resistor's property: Voltage drop, Current/Amperage(I), Power (P), and Ohm’s law equation.

On the basis of Application, the market is segmented into Electrical Related Industries, Laboratories, and others.

Electrical Related Industries:

The electrical-related industries are using handheld LCR meters for various purposes, such as voltage measurement. The power company uses this device to measure and calibrate the voltage during maintenance on transmission lines. Transmission line operators use these devices extensively when maintaining high-voltage substations by measuring phase currents and sending them back through low-voltage transformers located at either end of each section being tested.

Laboratories:

The most common uses of a handheld LCR meter are in laboratories. Resistance measurement is more precise than an inductance measurement, but capacitance measurements may be used to detect changes in the dielectric properties of components and materials over time. The decision on which instrument or technique will best meet your requirements depends upon factors such as the accuracy desired and applicability to specific applications.

On the basis of Region, the market is segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. The North American market is the largest market of handheld LCR meters, covering more than 50% share in terms of revenue, and is expected to continue its dominance during the forecast period.

The Latin American region has a significant growth potential owing to increasing industrialization and modernization with new production technologies being adopted by manufacturers for products such as USB cables, smart home appliances, etc., which will drive this regional sector’s demand over the next decade. The Asia-Pacific region exhibits rapid development mainly driven through a strong economic backdrop supported by various government initiatives.

Growth Factors For The Global Handheld LCR Meters Market:

The key factor that would drive the growth in this market over the next decade will be the growing demand for measurement instrumentation and test equipment due to an increase in technological innovations, which has led to higher product development activities by manufacturers across all sectors.

A rise in manufacturing industries globally coupled with increasing awareness about energy efficiency and sustainability issues will also contribute towards its growth during the study period. Additionally, factors such as increased investments by governments on infrastructure projects worldwide (such as roads and bridges) are expected to fuel their usage over time.

 

Up Market Research published a new report titled “Handheld LCR Meters Market research report which is segmented by Types (Inductance Measurement, Capacitance Measurement, Resistance Measurement), By Applications (Electrical Related Industries, Laboratories, Others), By Players/Companies Keysight Technologies, Fluke, Extech Instruments (FLIR), PCE Instruments, Wayne Kerr Electronics, Rohde and Schwarz, NF, MECO Instruments, Sanwa Electric Instruments, TEGAM, Beha-Amprobe, Tonghui, Applent, GW Instek, IET Labs, Chroma”. 

Report Scope

The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.

Global Handheld LCR Meters Market Report Segments:

The market is segmented by Type Inductance Measurement, Capacitance Measurement, Resistance Measurement and By Application Electrical Related Industries, Laboratories, Others.

Some of the companies that are profiled in this report are:

1. Keysight Technologies
2. Fluke
3. Extech Instruments (FLIR)
4. PCE Instruments
5. Wayne Kerr Electronics
6. Rohde and Schwarz
7. NF
8. MECO Instruments
9. Sanwa Electric Instruments
10. TEGAM
11. Beha-Amprobe
12. Tonghui
13. Applent
14. GW Instek
15. IET Labs
16. Chroma

Handheld LCR Meters Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.

Key Benefits for Industry Participants & Stakeholders:

• Industry drivers, restraints, and opportunities covered in the study
• Neutral perspective on the market performance
• Recent industry trends and developments
• Competitive landscape & strategies of key players
• Potential & niche segments and regions exhibiting promising growth covered
• Historical, current, and projected market size, in terms of value
• In-depth analysis of the Handheld LCR Meters Market

Overview of the regional outlook of the Handheld LCR Meters Market:

Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.

Highlights of The Handheld LCR Meters Market Report:

1. The market structure and projections for the coming years.
2. Drivers, restraints, opportunities, and current trends of Handheld LCR Meters Market.
3. Historical data and forecast.
4. Estimations for the forecast period 2028.
5. Developments and trends in the market.
6. By Type:

                1. Inductance Measurement

                2. Capacitance Measurement

                3. Resistance Measurement

                1. Electrical Related Industries

                2. Laboratories

                3. Others

8. Market scenario by region, sub-region, and country.
9. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
10. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
11. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Handheld LCR Meters Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.

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• Correctly Positioning New Products
• Market Entry Strategies
• Business Expansion Strategies
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• Understanding Competition Scenario
• Product & Brand Management
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Reasons to Purchase the Handheld LCR Meters Market Report:

• The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
• Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
• Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
• The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
• Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.