June 26, 2018
WELLESLEY, Mass., June 26, 2018 – Due to emerging economies and increasing accessibility to power across several countries, the global market for electricity and signal testing instruments manufacturing will achieve steady growth, according to a recent report from BCC Research.
The global market for electricity and signal testing instruments manufacturing was worth $51.7 billion during 2017. It is anticipated to reach a value of $74.2 billion by 2022, indicating a compound annual growth rate of 7.5%, according to Electricity and Signal Testing Instruments Manufacturing: Global Markets to 2022.
The electricity and signal testing instruments market includes companies that manufacture devices used for measuring various parameters, such as current, voltage, resistance, frequency and power. Major products in this market include voltmeter, ammeter, ohmmeter, logic tester, memory tester, tachometer and stroboscope.
“The global electricity and signal testing instruments manufacturing market is growing due to more consistent access to electricity in developing countries and rise in renewable energy projects,” the report notes. “These factors along with economic growth are expected to drive the demand for electricity and signal testing instruments manufacturing in the forecast period.”
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Electricity and Signal Testing Instruments Manufacturing: Global Markets to 2022( IAS129A )
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