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Global Electrical Testers Market - End-user-based Segmentation and Analysis by TechnavioAccording to the latest market study released by Technavio, the global electrical testers market is projected to grow at a CAGR of nearly 4% over the forecast period. This Smart News Release features multimedia. View the full release here: http://www.businesswire.com/news/home/20170711006246/en/ 
Technavio has published a new report on the global electrical testers market from 2017-2021. (Graphic: Business Wire) This research report titled 'Global Electrical Testers Market 2017-2021' provides an in-depth analysis of the market in terms of revenue and emerging market trends. This market research report also includes up to date analysis and forecasts for various market segments and all geographical regions.
This report is available at a USD 1,000 discount for a limited time only: View market snapshot before purchasing Buy 1 Technavio report and get the second for 50% off. Buy 2 Technavio reports and get the third for free. Based on the end-users, the report categorizes the global electrical testers market into the following segments:
Looking for more information on this market? Request a free sample report Technavio's sample reports are free of charge and contain multiple sections of the report including the market size and forecast, drivers, challenges, trends, and more. The top three revenue-generating end-user segments in the global electrical testers market are discussed below: Semiconductor and consumer electronics sector "The semiconductors and consumer electronics sector use electrical testers to test if the appliances are working as per the required conditions. The use of electrical testers makes it easy to check whether the current, voltage and other electrical features are working properly," says Anju Ajaykumar, a lead analyst at Technavio for test and measurement research. Increasing global population and rising disposable incomes have led to the growing use of consumer electronics. The consumer electronics market has grown rapidly owing to advances in technology. Some of the major markets in the consumer electronics sector include laptops, notebook PCs, tablets, cell phones, and digital cameras. This sector's projected growth is likely to drive the demand for electrical testers during the forecast period. Industrial sector Rapid industrialization and the mechanization of manufacturing techniques have led to the growth of the industrial sector. The expansion in the industrial sector, in turn, has led to the increased demand for manufacturing facilities that make use of electrical testers. North America and Europe are currently experiencing a slow growth in the industrial sector, whereas the Middle East, APAC, and Africa are swiftly expanding. These developments in the industrial sector worldwide are expected to create a market for electrical testers. Also, the growth in installed power capacity will trigger the demand for electrical testers in the market. Automotive sector "The automotive sector is expected to be the fastest-growing segment of the global electrical testers market, driven by the improving economic situation and the change in lifestyles. The rising consumer confidence has also led to higher demand for new, fuel-efficient, and technologically advanced cars, equipped with more connectivity and safety features, which will create new demand for electrical testers," says Anju. Over the past few years, the interest in electrical vehicles (EVs) in the US and China has surged. The growing financial incentives and R&D, rising supportive government subsidies and improving battery technology are driving the EV revolution. These developments in the automotive sector are expected to continue during the forecast period, creating the demand for electrical testers. The top vendors highlighted by Technavio's research analysts in this report are: Browse Related Reports:
About Technavio Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios. If you are interested in more information, please contact our media team at [email protected].
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