Ammeters Market Outlook (2022 to 2032)

The ammeters market is expected to continue its stronghold on the global market as it thrives on a promising CAGR of 8.5%, while the market is valued at US$ 9.76 Billion in 2022 and is projected to reach a market value of US$ 20.34 Billion through 2032.

The market is anticipated to show promising growth prospects during the forecast period, expanding the ammeters market size.

Attributes Details
CAGR (2022 to 2032) 8.5%
Value (2022) US$ 9.76 Billion
Value (2032) US$ 20.34 Billion

Generally used in measuring the current in the circuit, ammeters analyze the readings of the flowing currents in the circuit. These measures the flow of current through the electric wiring that is also commonly used in manufacturing units that produce electrical devices that deal with the proper functioning of electrical instruments, pushing the sales of ammeters in new market spaces.

A global study on the ammeters market shows an upward trend in the market as developing countries build their infrastructure and consume a large number of electrical devices which further increases the demand for ammeters. Increasing safety compliance coupled with new advanced and upgraded digital ammeters with innovative features are driving the sales of ammeters.

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What are the Key Drivers and Restraints to the Ammeters Market?

Frequent use of ammeters in the Construction and electrical industry favors revenue growth of the market, expanding the ammeters market size. The construction industry is one of the rapidly growing industries all across the globe. Installation of electrical wiring and instruments in newly constructed buildings is mandatory. Ammeters are used to measure the level of current in the electrical wiring of newly constructed buildings to ensure that the current is not too high or not too low. Electricians often use it to detect and correct circuit faults in the building, adding new layers to the market and pushing the demand for ammeters globally.

The rapid adoption of advanced ammeters in the construction industry to maintain the safety of electrical wiring and instruments is driving the market significantly, increasing the sales of ammeters. Safety norms and regulations associated with the installation of electrical instruments are also affecting the demand for ammeters considerably. Electrical instrument manufacturers are more focused on providing quality and reliable electrical instruments to customers.

Manufacturers also frequently use ammeters to ensure the proper functioning of electrical devices before launching them onto the market. Changing the approach of the manufacturers towards providing quality electrical devices is boosting the ammeters market globally.

Which Region performs better in the Ammeters Market?

Technological advancement in the electrical industry, especially in the testing equipment domain in the North American region is driving the ammeters market in terms of revenue. The growing Construction industry in this region is ultimately promoting the demand considerably. High adoption of these advanced devices in countries such as the United Kingdom and Germany propel the growth in the demand for ammeters.

Enlarging the automobile and construction industry in the Asia Pacific Excluding Japan region is also contributing to the growth of the ammeters market. Owing to increasing automobile manufacturing plants in the Middle East and Africa region in recent years is one of the factors that accelerate the demand for ammeters in the market.

Nikhil Kaitwade
Nikhil Kaitwade

Principal Consultant

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Which are the Key Competitors of Ammeters Market?

The key players of the ammeters market focus on making the product more reliable in the longer run, accurate, and sensitive to fluctuating voltages. Companies also focus on recreating their brand with new mergers and collaborations, fueling the sales of ammeters ultimately.

The major competitors are Electrical Test Instruments, LLC, Federal Elektrik, Crompton Instruments, HT Italia, Celsa Messgeräte GmbH, CIRCUTOR, and Autonics.

Recent Market Development:

  • Recently, Autonics, one of the electronic instrument manufacturers has launched an ammeter with upgraded features in the market which includes 7 segments LED Display, auto zero function, selectable RMS/AVG value (AC current), and space size by DIN specification. This adds competitive value to the market and leads to high demand for ammeters globally.
  • Federal Elektrik has introduced its technically upgraded version of FA72 Ammeter Direkt, which has a dimension of 72x72. This has made the ammeters more reliable and dynamic to multiple applications, thriving the sales of ammeters in the global market.
  • Crompton Instruments has launched its high-quality analog ammeters that come with electrical and electronic parameters, pushing the sales of ammeters globally.

Scope Of Report

Report Attribute Details
Growth Rate CAGR of 8.5% from 2022 to 2032
The base year for estimation 2021
Historical data 2015 to 2021
Forecast period 2022 to 2032
Quantitative units Revenue in USD Million and CAGR from 2022 to 2032
Report Coverage Revenue forecast, volume forecast, company ranking, competitive landscape, growth factors, and trends, Pricing Analysis
Segments Covered Measurement Type, Product Type, Region, and End Use
Regional scope North America; Western Europe; Eastern Europe; Middle East; Africa; ASEAN; South Asia; Rest of Asia; Australia; and New Zealand
Country scope USA, Canada, Mexico, Germany, United Kingdom, France, Italy, Spain, Russia, Belgium, Poland, Czech Republic, China, India, Japan, Australia, Brazil, Argentina, Colombia, Saudi Arabia, United Arab Emirates, Iran, South Africa
Key companies profiled Electrical Test Instruments; LLC; Federal Elektrik; Crompton Instruments; HT Italia; Celsa Messgeräte GmbH; CIRCUTOR; and Autonics.
Customization scope Free report customization (equivalent to up to 8 analysts' working days) with purchase. Addition or alteration to country, regional & segment scope.
Pricing and purchase options Avail customized purchase options to meet your exact research needs.

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Key Segments in the Ammeters Market

By Measurement Type:

  • AC current measurement
  • DC Current Measurement

By Product Type:

  • Analog
  • Digital

By End Use:

  • Electrical Industry
  • Construction Industry
  • Automotive Industry

By Region:

  • North America
  • Latin America
  • Asia Pacific
  • Europe
  • Middle East and Africa

Frequently Asked Questions

What is the Ammeters Market Outlook?

The ammeters market is set to thrive at a CAGR of 8.5% through 2032.

What region is the biggest market for the Ammeters Market?

North America holds the biggest revenue value in the ammeters market, attributed to its application in electrical circuits and devices to measure the current along with high consumption through construction and wiring projects. This leads to the high demand for Ammeters in developed countries like USA and Canada.

Which is the Key Driver in the Ammeters Market?

Ammeters market size has expanded owing to their common use in a type of circuit along with electrical devices.

Table of Content
1. Executive Summary | Ammeters Market
    1.1. Global Market Outlook
    1.2. Demand-side Trends
    1.3. Supply-side Trends
    1.4. Technology Roadmap Analysis
    1.5. Analysis and Recommendations
2. Market Overview
    2.1. Market Coverage / Taxonomy
    2.2. Market Definition / Scope / Limitations
3. Market Background
    3.1. Market Dynamics
        3.1.1. Drivers
        3.1.2. Restraints
        3.1.3. Opportunity
        3.1.4. Trends
    3.2. Scenario Forecast
        3.2.1. Demand in Optimistic Scenario
        3.2.2. Demand in Likely Scenario
        3.2.3. Demand in Conservative Scenario
    3.3. Opportunity Map Analysis
    3.4. Product Life Cycle Analysis
    3.5. Supply Chain Analysis
        3.5.1. Supply Side Participants and Their Roles
            3.5.1.1. Producers
            3.5.1.2. Mid-Level Participants (Traders/ Agents/ Brokers)
            3.5.1.3. Wholesalers and Distributors
        3.5.2. Value Added and Value Created at Node in the Supply Chain
        3.5.3. List of Raw Material Suppliers
        3.5.4. List of Existing and Potential Buyers
    3.6. Investment Feasibility Matrix
    3.7. Value Chain Analysis
        3.7.1. Profit Margin Analysis
        3.7.2. Wholesalers and Distributors
        3.7.3. Retailers
    3.8. PESTLE and Porter’s Analysis
    3.9. Regulatory Landscape
        3.9.1. By Key Regions
        3.9.2. By Key Countries
    3.10. Regional Parent Market Outlook
    3.11. Production and Consumption Statistics
    3.12. Import and Export Statistics
4. Global Market Analysis 2017 to 2021 and Forecast, 2022 to 2032
    4.1. Historical Market Size Value (US$ Million) & Volume (Units) Analysis, 2017 to 2021
    4.2. Current and Future Market Size Value (US$ Million) & Volume (Units) Projections, 2022 to 2032
        4.2.1. Y-o-Y Growth Trend Analysis
        4.2.2. Absolute $ Opportunity Analysis
5. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Measurement Type
    5.1. Introduction / Key Findings
    5.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Measurement Type, 2017 to 2021
    5.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Measurement Type, 2022 to 2032
        5.3.1. AC Current Measurement
        5.3.2. DC Current Measurement
    5.4. Y-o-Y Growth Trend Analysis By Measurement Type, 2017 to 2021
    5.5. Absolute $ Opportunity Analysis By Measurement Type, 2022 to 2032
6. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Product Type
    6.1. Introduction / Key Findings
    6.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Product Type, 2017 to 2021
    6.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Product Type, 2022 to 2032
        6.3.1. Analog
        6.3.2. Digital
    6.4. Y-o-Y Growth Trend Analysis By Product Type, 2017 to 2021
    6.5. Absolute $ Opportunity Analysis By Product Type, 2022 to 2032
7. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By End Use
    7.1. Introduction / Key Findings
    7.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By End Use, 2017 to 2021
    7.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By End Use, 2022 to 2032
        7.3.1. Electrical Industry
        7.3.2. Construction Industry
        7.3.3. Automotive Industry
        7.3.4. Others
    7.4. Y-o-Y Growth Trend Analysis By End Use, 2017 to 2021
    7.5. Absolute $ Opportunity Analysis By End Use, 2022 to 2032
8. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Region
    8.1. Introduction
    8.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Region, 2017 to 2021
    8.3. Current Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Region, 2022 to 2032
        8.3.1. North America
        8.3.2. Latin America
        8.3.3. Europe
        8.3.4. Asia Pacific
        8.3.5. Middle East and Africa
    8.4. Market Attractiveness Analysis By Region
9. North America Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country
    9.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2017 to 2021
    9.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2022 to 2032
        9.2.1. By Country
            9.2.1.1. USA
            9.2.1.2. Canada
        9.2.2. By Measurement Type
        9.2.3. By Product Type
        9.2.4. By End Use
    9.3. Market Attractiveness Analysis
        9.3.1. By Country
        9.3.2. By Measurement Type
        9.3.3. By Product Type
        9.3.4. By End Use
    9.4. Key Takeaways
10. Latin America Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country
    10.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2017 to 2021
    10.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2022 to 2032
        10.2.1. By Country
            10.2.1.1. Brazil
            10.2.1.2. Mexico
            10.2.1.3. Argentina
            10.2.1.4. Chile
            10.2.1.5. Peru
            10.2.1.6. Rest of Latin America
        10.2.2. By Measurement Type
        10.2.3. By Product Type
        10.2.4. By End Use
    10.3. Market Attractiveness Analysis
        10.3.1. By Country
        10.3.2. By Measurement Type
        10.3.3. By Product Type
        10.3.4. By End Use
    10.4. Key Takeaways
11. Europe Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country
    11.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2017 to 2021
    11.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2022 to 2032
        11.2.1. By Country
            11.2.1.1. Germany
            11.2.1.2. Italy
            11.2.1.3. France
            11.2.1.4. United Kingdom
            11.2.1.5. Spain
            11.2.1.6. Russia
            11.2.1.7. BENELUX
            11.2.1.8. Rest of Europe
        11.2.2. By Measurement Type
        11.2.3. By Product Type
        11.2.4. By End Use
    11.3. Market Attractiveness Analysis
        11.3.1. By Country
        11.3.2. By Measurement Type
        11.3.3. By Product Type
        11.3.4. By End Use
    11.4. Key Takeaways
12. Asia Pacific Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country
    12.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2017 to 2021
    12.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2022 to 2032
        12.2.1. By Country
            12.2.1.1. China
            12.2.1.2. Japan
            12.2.1.3. South Korea
            12.2.1.4. Rest of Asia Pacific
        12.2.2. By Measurement Type
        12.2.3. By Product Type
        12.2.4. By End Use
    12.3. Market Attractiveness Analysis
        12.3.1. By Country
        12.3.2. By Measurement Type
        12.3.3. By Product Type
        12.3.4. By End Use
    12.4. Key Takeaways
13. Middle East and Africa Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country
    13.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2017 to 2021
    13.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2022 to 2032
        13.2.1. By Country
            13.2.1.1. GCC Countries
            13.2.1.2. South Africa
            13.2.1.3. Turkey
            13.2.1.4. Rest of Middle East and Africa
        13.2.2. By Measurement Type
        13.2.3. By Product Type
        13.2.4. By End Use
    13.3. Market Attractiveness Analysis
        13.3.1. By Country
        13.3.2. By Measurement Type
        13.3.3. By Product Type
        13.3.4. By End Use
    13.4. Key Takeaways
14. Key Countries Market Analysis
    14.1. USA
        14.1.1. Pricing Analysis
        14.1.2. Market Share Analysis, 2021
            14.1.2.1. By Measurement Type
            14.1.2.2. By Product Type
            14.1.2.3. By End Use
    14.2. Canada
        14.2.1. Pricing Analysis
        14.2.2. Market Share Analysis, 2021
            14.2.2.1. By Measurement Type
            14.2.2.2. By Product Type
            14.2.2.3. By End Use
    14.3. Brazil
        14.3.1. Pricing Analysis
        14.3.2. Market Share Analysis, 2021
            14.3.2.1. By Measurement Type
            14.3.2.2. By Product Type
            14.3.2.3. By End Use
    14.4. Mexico
        14.4.1. Pricing Analysis
        14.4.2. Market Share Analysis, 2021
            14.4.2.1. By Measurement Type
            14.4.2.2. By Product Type
            14.4.2.3. By End Use
    14.5. Argentina
        14.5.1. Pricing Analysis
        14.5.2. Market Share Analysis, 2021
            14.5.2.1. By Measurement Type
            14.5.2.2. By Product Type
            14.5.2.3. By End Use
    14.6. Chile
        14.6.1. Pricing Analysis
        14.6.2. Market Share Analysis, 2021
            14.6.2.1. By Measurement Type
            14.6.2.2. By Product Type
            14.6.2.3. By End Use
    14.7. Peru
        14.7.1. Pricing Analysis
        14.7.2. Market Share Analysis, 2021
            14.7.2.1. By Measurement Type
            14.7.2.2. By Product Type
            14.7.2.3. By End Use
    14.8. Germany
        14.8.1. Pricing Analysis
        14.8.2. Market Share Analysis, 2021
            14.8.2.1. By Measurement Type
            14.8.2.2. By Product Type
            14.8.2.3. By End Use
    14.9. Italy
        14.9.1. Pricing Analysis
        14.9.2. Market Share Analysis, 2021
            14.9.2.1. By Measurement Type
            14.9.2.2. By Product Type
            14.9.2.3. By End Use
    14.10. France
        14.10.1. Pricing Analysis
        14.10.2. Market Share Analysis, 2021
            14.10.2.1. By Measurement Type
            14.10.2.2. By Product Type
            14.10.2.3. By End Use
    14.11. United Kingdom
        14.11.1. Pricing Analysis
        14.11.2. Market Share Analysis, 2021
            14.11.2.1. By Measurement Type
            14.11.2.2. By Product Type
            14.11.2.3. By End Use
    14.12. Spain
        14.12.1. Pricing Analysis
        14.12.2. Market Share Analysis, 2021
            14.12.2.1. By Measurement Type
            14.12.2.2. By Product Type
            14.12.2.3. By End Use
    14.13. Russia
        14.13.1. Pricing Analysis
        14.13.2. Market Share Analysis, 2021
            14.13.2.1. By Measurement Type
            14.13.2.2. By Product Type
            14.13.2.3. By End Use
    14.14. BENELUX
        14.14.1. Pricing Analysis
        14.14.2. Market Share Analysis, 2021
            14.14.2.1. By Measurement Type
            14.14.2.2. By Product Type
            14.14.2.3. By End Use
    14.15. China
        14.15.1. Pricing Analysis
        14.15.2. Market Share Analysis, 2021
            14.15.2.1. By Measurement Type
            14.15.2.2. By Product Type
            14.15.2.3. By End Use
    14.16. Japan
        14.16.1. Pricing Analysis
        14.16.2. Market Share Analysis, 2021
            14.16.2.1. By Measurement Type
            14.16.2.2. By Product Type
            14.16.2.3. By End Use
    14.17. South Korea
        14.17.1. Pricing Analysis
        14.17.2. Market Share Analysis, 2021
            14.17.2.1. By Measurement Type
            14.17.2.2. By Product Type
            14.17.2.3. By End Use
    14.18. GCC Countries
        14.18.1. Pricing Analysis
        14.18.2. Market Share Analysis, 2021
            14.18.2.1. By Measurement Type
            14.18.2.2. By Product Type
            14.18.2.3. By End Use
    14.19. South Africa
        14.19.1. Pricing Analysis
        14.19.2. Market Share Analysis, 2021
            14.19.2.1. By Measurement Type
            14.19.2.2. By Product Type
            14.19.2.3. By End Use
    14.20. Turkey
        14.20.1. Pricing Analysis
        14.20.2. Market Share Analysis, 2021
            14.20.2.1. By Measurement Type
            14.20.2.2. By Product Type
            14.20.2.3. By End Use
15. Market Structure Analysis
    15.1. Competition Dashboard
    15.2. Competition Benchmarking
    15.3. Market Share Analysis of Top Players
        15.3.1. By Regional
        15.3.2. By Measurement Type
        15.3.3. By Product Type
        15.3.4. By End Use
16. Competition Analysis
    16.1. Competition Deep Dive
        16.1.1. Electrical Test Instruments LLC
            16.1.1.1. Overview
            16.1.1.2. Product Portfolio
            16.1.1.3. Profitability by Market Segments
            16.1.1.4. Sales Footprint
            16.1.1.5. Strategy Overview
                16.1.1.5.1. Marketing Strategy
                16.1.1.5.2. Product Strategy
                16.1.1.5.3. Channel Strategy
        16.1.2. Federal Elektrik
            16.1.2.1. Overview
            16.1.2.2. Product Portfolio
            16.1.2.3. Profitability by Market Segments
            16.1.2.4. Sales Footprint
            16.1.2.5. Strategy Overview
                16.1.2.5.1. Marketing Strategy
                16.1.2.5.2. Product Strategy
                16.1.2.5.3. Channel Strategy
        16.1.3. Crompton Instruments
            16.1.3.1. Overview
            16.1.3.2. Product Portfolio
            16.1.3.3. Profitability by Market Segments
            16.1.3.4. Sales Footprint
            16.1.3.5. Strategy Overview
                16.1.3.5.1. Marketing Strategy
                16.1.3.5.2. Product Strategy
                16.1.3.5.3. Channel Strategy
        16.1.4. Celsa Messgeräte GmbH
            16.1.4.1. Overview
            16.1.4.2. Product Portfolio
            16.1.4.3. Profitability by Market Segments
            16.1.4.4. Sales Footprint
            16.1.4.5. Strategy Overview
                16.1.4.5.1. Marketing Strategy
                16.1.4.5.2. Product Strategy
                16.1.4.5.3. Channel Strategy
        16.1.5. CIRCUTOR
            16.1.5.1. Overview
            16.1.5.2. Product Portfolio
            16.1.5.3. Profitability by Market Segments
            16.1.5.4. Sales Footprint
            16.1.5.5. Strategy Overview
                16.1.5.5.1. Marketing Strategy
                16.1.5.5.2. Product Strategy
                16.1.5.5.3. Channel Strategy
        16.1.6. Autonics
            16.1.6.1. Overview
            16.1.6.2. Product Portfolio
            16.1.6.3. Profitability by Market Segments
            16.1.6.4. Sales Footprint
            16.1.6.5. Strategy Overview
                16.1.6.5.1. Marketing Strategy
                16.1.6.5.2. Product Strategy
                16.1.6.5.3. Channel Strategy
17. Assumptions & Acronyms Used
18. Research Methodology
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