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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