Global Handheld LCR Meters Market Size By Product (Inductance Measurement, Capacitance Measurement), By Application (Electrical Related Industries, Laboratories), By Geographic Scope And Forecast

Handheld LCR Meters Market Size And Forecast

Handheld LCR Meters Market size was valued at USD 271.13 Million in 2021 and is projected to reach USD 477.81 Million by 2030, growing at a CAGR of 7.40 % from 2022 to 2030.

Handheld LCR Meters are portable devices that are compact making them preferable in many end-use industries like the Electrical and Electronic Industries. This acts as a factor that acts as a driver for the Handheld LCR Meters Market, increasing the growth of the marking during the forecast period. The Global Handheld LCR Meters Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.

Global Handheld LCR Meters Market Definition

An LCR Meter is used as electronic test equipment. It is used to measure the Inductance ( I ), Capacitance ( C ), and Resistance ( R ) of an electronic component and represents the value in numerical form. It also measures the dissipation factor (D), quality factor (Q), and Phase Angle (P). Handheld LCR Meters are portable devices that typically have selective test frequencies of 100 Hz, 120 Hz, 1 kHz, 10 kHz, and 100 kHz for top-end meters. Handheld LCR Meters allow an individual to perform quick, basic LCR measurements are their convenience.

They are cost-effective, portable, lightweight, and consist of a Universal Serial Bus (USB) and are battery operated. Handheld LCR Meters also have functions such as fast auto-ranging functions, data recording, tolerance sorting, and relative mode. They can also transfer data to a PC with their optical IR-USB interface. Handheld LCR Meters are used for characterizing components in fields and laboratories. Electrical and Electronic Industries widely use Handheld LCR Meters. Since Handheld LCR meters are portable their use is widely spread.

Global Handheld LCR Meters Market Overview

The increase in demand for consumer electronics all over the world directly affects the demand for Handheld LCR Meters with an increase in its demand as well. For quality checks, field observation, and inspection situations in the Electronics Industry, the demand for Handheld LCR Meters has increased. This is one of the drivers of the market. Many educational institutions also use Handheld LCR Meters increasing the demand and acting as a driver for the market.

Handheld LCR Meters are easy to use in these educational institutions as they are portable and compact as well as cost-effective. These institutions use these for the practice of students so that they can emerge as trained professionals. They make use of Handheld LCR Meters in laboratories and workshops. Research and Development set-ups in various industries also increase the demand for Handheld LCR Meters. Many companies set up R&D facilities and require test equipment for these purposes.

For the purpose of maintaining accurate results regarding electronic tests and quality checks, Handheld LCR Meters are used. With an increase in R&D of companies for new advancements or product improvements, the demand for Handheld LCR Meters increases, and it propels the growth of the market. The demand for Handheld LCR Meters is also increasing due to the growing innovations for the product making it more user-friendly with more features. These new innovations act as an opportunity for the market.

Global Handheld LCR Meters MarketSegmentation Analysis

The Global Handheld LCR Meters Market is segmented on the basis of Product, Application, And Geography.

Handheld LCR Meters Market, By Product

• Inductance Measurement• Capacitance Measurement• Resistance Measurement

Based on Product, the market is bifurcated into Inductance Measurement, Capacitance Measurement, and Resistance Measurement. Handheld LCR Meters are used for the measurements of each of these segments depending on the type of electronic product being used.

Handheld LCR Meters Market, By Application

• Electrical Related Industries• Laboratories• Others

Based on Application, the market is bifurcated into Electrical Related Industries, Laboratories, and Others. Laboratories have a high market share as Handheld LCR Meters are easy to use since they are portable and compact.

Handheld LCR Meters Market, By Geography

• North America• Europe• Asia Pacific• Rest of the world

On the basis of Geography, The Global Handheld LCR Meters Market is classified into North America, Europe, Asia Pacific, and the Rest of the world. The largest share in the market is that of Asia Pacific and it will continue to dominate the market during the forecast period. The maximum number of production-based industries are from countries in the Asia Pacific which. These industries require Handheld LCR Meters, due to which the Asia Pacific dominates the market share.

Key Players

The “Global Handheld LCR Meters Market” study report will provide valuable insight emphasizing the global market. The major players in the market are 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.

Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.

Key Developments

Partnerships, Collaborations, and Agreements

• In May 2019, Good Will Instrument Co., Ltd. (a Taiwan-listed company) announced on May 22nd, 2019, the establishment of a Limited Liability Partnership in India (“LLP”) by Good Will Instrument Co., Ltd. and its wholly-owned subsidiary Texio, Japan, which will be in charge of sales and marketing and service functions in India.

Mergers and Acquisitions

• In July 2019, Fluke Corp., the top manufacturer of test and measurement instruments, purchased PRÜFTECHNIK of Ismaning, Germany, a market leader in precision laser shaft alignment, condition monitoring, and non-destructive testing.

Report Scope

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Reasons to Purchase this Report

• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis• Provides insight into the market through Value Chain• Market dynamics scenario, along with growth opportunities of the market in the years to come• 6-month post-sales analyst support

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