Global Digital Clamp Meters Market

Digital Clamp Meters Market Overview

The global digital clamp meters market is expected to reach USD 75.6 billion by 2030 and grow at a CAGR of 8.5% during the forecast period of 2022-2030. It was valued at USD 30.7 billion in 2022. The main factors that push the growth of the digital clamp meter market include increasing demand and a wide range of applications of digital clamp meters. However, the increasing adoption of electronic devices is one of the major factors expected to fuel the global digital clamp meter market demand in the coming years. These devices’ rising adoption and growing popularity among the various end-use industries are balanced for steady growth over the forecast period. Across the globe, different digital clamp meter manufacturing companies have already combined onboard thermal imaging to remain competitive in the global digital clamp meter market. Furthermore, maintaining quality standards is essential for digital clamp meter manufacturers to adhere to the stringent government regulations set for various end-use industries in different countries worldwide.

What is Digital Clamps Maters?

A digital clamp meter is an electrical tester with wide jaws around an electric conductor. Once, clamp meters were designed to measure AC and now contain inputs for accepting test information and other probes that sustain different electrical measurements. The jaws of clamp meters encourage work in tight spaces and permit existing measures on live conductors without interrupting the circuits. Though digital clamp meters are equivalent to multimeters, they are not with inductive jaws.

Growth Drivers

Electricity Fluctuation and Sensitivity

Electricity fluctuates depending on its intensity and other elements, and it can harm some gadgets or allow the accurate functioning of some devices. Thus, clamp meters work as energy managing tools in a plant where all machines are operated. This service of clam meters is one of the key elements causing the development of the clamp meters market. Another factor propelling the growth of the clamp meters market is its ability to calculate the current passing through a device without damaging any circuits. The need to regularly take proper readings of the current passing through a machine is another element fueling the development of the clamp meters market. Moreover, Digital clamp meters deliver complete safety during use as there is no physical connection between the conductor and its jaws. This high safety is another influential factor that drives the growth of the digital clamp meters market.

Opportunities

Latest Power meter and Energy Analyzer

The latest Digital Clamp probes are utilized with some meters to measure electrical power and energy. The clamp calculates the current and other circuitry the voltage; the correct power is the product of the immediate voltage and current integrated over a cycle. Comprehensive meters developed to calculate many parameters of electrical energy (power factor, distortion, immediate power as a function of time, phase relationships, etc.) use this regulation. A single clamp is utilized for single-phase measures; measurements may be made on three-phase power systems with an applicable instrument with three clamps.

Restraints

Safety Issues for Measuring Current

They are using the meter around flammable gas, vapor or moist environments. Keep fingers behind the tactile barrier when measuring current with the meter’s Jaw. Always attach to local and national safety codes. Must use unique protective equipment to control shock and arc blast injury exposed to dangerous live conductors. Operating alone is a huge risk, so always perform with at least one other to help in trouble. Voltages > 30 V ac RMS, 42 V ac extreme, or 60 V dc pose a shock danger. Do not operate more than the rated voltage between the terminals or any terminal and earth ground as marked on the meter. When using a current flexible search, take special care while fitting and extracting the probe. De-energize the structure under test or wear suitable protective clothing. Keep fingers behind the finger protection guard on the probes when operating the probes. Do not apply a flexible current probe or extract from HAZARDOUS LIVE conductors. Connection with the conductor could result in electric shock. These factors are restraining the growth of digital clamp meters.

Pre Covid-19 Impact on Global Digital Clamp Meter

Before the covid-19 period, every section of the electronics industry has been impacted by technological modifications, and even a small testing instrument such as a digital clamp meter has been affected by these. Allowed with the capability to measure current, a digital clamp meter has become an important testing tool that can be utilized at any point of an electrical technique, without detaching it from the mains. It can even estimate the current around a combined cable or wire just by clamping the machine around the wire or cable.

Covid-19 Impact on Global Digital Clamp Meter

During the Covid-19 period, the coronavirus explosion has devastated different companies and manufacturing units worldwide. The lockdown was levied worldwide, which compelled serious economic havoc in various nations. Due to this, several companies were shut down for months to stop the digital clam meters production and sales. As a result, the Digital clamp meters Market Growth noticed a severe decline. The governments of different countries also show their interest in medical facilities, affecting the demand for digital clam meters.

Post Covid-19 Impact on Global Digital Clamp Meter

After the covid-19 period, it is hoped that the market will simultaneously grow after the pandemic is over. Also, the key participants concentrate on the cost-effectiveness and improvement of the supply chain to rejuvenate the market. A digital clamp meter is an ideal option for measuring current, whereas a multimeter is suitable for measuring voltage, resistance, a frequency with better resolution and accuracy. If we consider the safety concern, then the digital clamp meter establishes to be a safer tool than a multimeter as the digital clamp meter is not connected to an electric circuit. These factors have restarted the market of digital clamp meters after the covid-19 outbreak.

By Type Segmental Analysis

The global digital clamp meter is segmented into AC and AC/DC based on type. The AC digital clamp meter dominates the market with the highest market share and is anticipated to grow substantially and monopolize the global market during the forecast period. Like, if you wish to calculate load current or leakage current in an AC circuit such as lights or power lines in a home, building, or plant, you’ll require a digital AC clamp meter. Select an AC load current digital clamp meter for common measurement applications or a leakage current clamp meter if you require to measure leakage currents generated by insulation faults or current flowing in a floor wire for electrical supplies.

By Application Segmental Analysis

Based on application, the global digital clamp meter is segmented into Residential, Industrial and Commercial. The market for clamp meters has been divided into different types, including residential, commercial and industrial. Again, the industrial segment is bifurcated into oil and gas, telecommunication, energy and utility, aerospace and defense, manufacturing and automotive, among others. In 2021, the industrial segment carried the major market share and was predicted to stay competitive throughout the forecast period. The market is increasing due to the growing demand for these supplies in various end-use sectors, such as aerospace & defense, automotive & transport, education & government, IT & telecommunications, and automotive. Similarly, power management applications, including power sequencing and power supplies, are pushing demand for this equipment as engineers desire to maximize their plans’ efficiency.

By Regional Segmental Analysis

The global clamp meter is segmented into North America, Europe, Asia-Pacific, South America and The Middle East & Africa. The Asia Pacific is calculated to be a significantly appealing market for digital clamp meter manufacturers because of the large-scale industrialization in this part of the world. The Asia Pacific is forecasted to notice the most promising market in the future, owing to an increasing number of manufacturing companies constantly focusing on growing their operation and manufacturing units across the different parts of Asia Pacific. Across the globe, the most promising and developing countries in the North American region dominated the second market share within the next forecast period.

Competitors Analysis

The companies include Fluke, Amprobe, Ideal Industries, Extech Instruments, UEi Test Instruments, Kyoritsu, Chauvin Arnoux, Milwaukee Tool, Etekcity, Uni-Trend and other prominent players in the global digital clamp meters market. Key Stakeholders

• Market research and consulting firms
• Industry associations
• Digital Clamp Meter Firms
• Local Governments
• Regulatory bodies
• Suppliers
• Retailers

Recent Developments

• In May 2023, Klein released its latest technological tool, the Klein HVAC Clamp Meter CL445, extending the collection with an HVAC-specific measure.
• In May 2018, Power Products, LLC disclosed its investment in King Innovation, a manufacturer of electrical, ingenious construction-grade products for the irrigation, gas utility and landscape lighting demands. This acquisition will help enlarge the company’s product offerings to grow rapidly in the electrical channel and extend into adjoining channels.

Scope of the Report

Report Attribute	Details
Market Size Value in 2021	USD Million
The revenue forecast in 2028	USD Million
Growth Rate	CAGR of 5% from 2022 to 2028.
Historical data	2017 – 2020
Base Year	2021
Forecast period	2022 – 2028
Region covered	North America, Europe, Asia-Pacific, South America, and Middle East & Africa
Key companies Profiled	The companies include Fluke, Amprobe, Ideal Industries, Extech Instruments, UEi Test Instruments, Kyoritsu, Chauvin Arnoux, Milwaukee Tool, Etekcity, and Uni-Trend are key players.

Market Modelling

By Type

• AC
• AC/DC

By Application

• Residential
• Industrial
• Commercial

By Region

• North America
• Europe
• Asia Pacific
• South America
• Middle East & Africa

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