Global Circuit Tracer Market is Likely to Witness High Growth During the Forecast Period: MRFR

Market Research Future (MRFR) published a half cooked research report on the global circuit tracer market that contains the information from 2022–2030. 

The global circuit tracer market is expected to register a ~2% CAGR during the forecast period, 2022–2030.

Circuit Tracer Market Highlights

Circuit tracers or signal tracers are used to troubleshoot circuits. They are relatively simple electrical testing instruments that enable electricians and other users to trace,locate, and identify common electrical problems such as breakers, shorts, and open circuits. Some circuit tracers can locate wires behind walls, underground, and inside junction boxes. Others are designed to find blown fuses or test light fixtures. 

Circuit tracers and signal tracers that can locate neutrals, ground faults, and high voltage lines without power interruption are also available. Most products are capable of continuity checks and audible continuity measurements, which test a circuit for completeness. Audible continuity measurements beep when probes touch each other.

The global circuit tracer marketsize is projected to reach a valuation of USD 11.56 million by 2027, with ~2% CAGR during the forecast period.

In 2020, the Above 120Vsegment held the larger market share: MRFR

Based onvoltage, the global circuit tracermarket has been dividedintoup to 120V and above 120V. The above 120Vsegment is expected to account for the larger share in the global market during the forecast period. The circuit tracers with this voltage range operate with both energized and de-energized circuits. Moreover, these circuit tracers work well with the low voltage setup in the residential buildings.

By application, the global circuit tracer market has been divided into industrial, commercial, and residential. The residential segment is expected to hold the largest share in the global market during the forecast period. The residential sector is expected to dominate the global market.In residential applications, circuit tracers can locate neutrals, branch circuits, ground lines, feeders, and control wiring, among others, which make the residential sector a key market for circuit tracers.

Based on region, the circuit tracermarket has been segmented into Asia-Pacific, North America, Europe, the Middle East&Africa, and South America. Asia-Pacific holds the largest share in thecircuit tracer marketprimarily due tourbanization and industrialization.

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The key players operating in the global circuit tracer market are Emers on Electric Co (US), ETCON Corp (US), FLIR Systems Inc (US), Fortive Corp (US), IDEAL INDUSTRIES INC (US), Klein Tools Inc (US), Megger Group Ltd (UK), PCE Holding GmbH (Germany), Triplett Test Equipment & Tools (US), and Zircon Corp (US).

This research report provides insights into various levels of analysis, such as industry analysis and market share analysis for the leading industry competitors, along with their profiles. It also helps in studying the target segments by providing views on the emerging and high-growth segments. The market data comprises the basic assessment of the competitive scenarios and strategies in the global circuit tracer market, including high-growth regions and/or countries and political and economic environments. The project report further provides both – historical market values and pricing and cost analysis