Ground Resistance Testers Market

Ground Resistance Testers Market Overview (2022 to 2032)

Global ground resistance tester demand is projected to be valued at USD 3.5 Billion in 2022, forecast to grow at a CAGR of 5.5% to be valued at USD 6 Billion from 2022 to 2032. Growth is attributed to the rising demand for renovation projects and development in residential and commercial construction.

Report Attribute	Details
Estimated Base Year Value (2021)	USD 3.3 Billion
Expected Market Value (2022)	USD 3.55 Billion
Anticipated Forecast Value (2032)	USD 6 Billion
Projected Growth Rate (2022 to 2032)	5.5% CAGR

Ground resistance testers are devices used to test and measure electrical grounding systems. Ground resistance testers are required to diagnose electrical grounding problems, improve system performance and avoid electrical hazards. Proper grounding is required to enable optimum electrical continuity between the Earth and the conducting objects. Ground resistance testers can be used to take many other measurements including, ground bond, Earth leakage, etc.

Ground resistance testers are used to check the electrical integrity of an instrument. The purpose of earth grounding is to enable a safe path for lightning strikes, RFI and EMI signals, dissipation of fault currents, interference, and static discharges. The Earth grounding is required for the safety of the instruments that are commonly used by the people and therefore the ground resistance testers are used to measure the safety of the instrument.

Which are Some Prominent Drivers Spearheading Ground Resistance Testers Market Growth?

Growing urbanization and mounting electricity distribution work in emerging economies push the demand for ground resistance testers. Effective earthing is crucial for the safe operation of every electrical system, and the only way to make sure that earthing installations are useful is to test them rigorously and regularly using a ground resistance tester.

The ground resistance tester defends human lives from leakage current, delivers protection to electrical appliances or devices, and ensures voltage remains constant. A ground resistance tester is also needed in industrial applications to avert injury due to faulty connections.

What are the Challenges Faced by the Ground Resistance Testers Industry?

Despite the effective operations of ground resistance testers, the product is gaining slow traction in emerging countries due to a lack of awareness. However, with the implementation of stringent government regulations for the protection of the employees, therefore the demand for ground resistance testers might increase in the next 3 to 4 years.

Why is Asia-Pacific Emerging as an Opportunistic Ground Resistance Testers Market?

Urbanization and industrialization are expected to grow at a rapid rate in the Asia Pacific region and therefore the demand for ground resistance testers might also increase. The increase in electrification might also enable an increase in ground resistance testers.

There has been a significant upsurge in the standard of living in India and China which increased the utility of electrical equipment in houses. Thus, it is necessary to protect the equipment from overload and bolster the demand for ground resistance testers in the region.

Why does North America Hold a Significant Share of the Ground Resistance Testers Market?

Owing to subsequent events of lightning strikes in several states of America cause serious damage to the electrical equipment in houses and require an effective ground resistance system. According to USA National Electrical Code (NEC), the principal reasons for using ground resistance testers are that it stabilizes the voltage to earth during normal operation and also limits the voltage rise created by lightning, line surges, or unintentional contact with higher-voltage lines.

The region is witnessing augmented industrialization which may arises the possibility of current leakage. Thereby, surging the demand for ground resistance testers at a rapid pace.

Market Competition

Some of the key participants present in the global demand for Ground Resistance Testers market include Chauvin Arnoux, Inc., Extech Instruments Corporation, Fluke Corporation, Megger Group Limited, Hioki E.E. Corporation, CATU, Chauvin Arnoux, Inc., Di-Log Test Equipment, Extech Instruments, Kewtech Corporation Ltd, Martindale Electric, Metrel d.d., Amprobe, etc., among others.

• Utility products- a prominent player developed the Fluke 1630-2 FC Earth Ground Clamp which can measure earth ground loop resistances for multi-grounded systems using a stake less test method. This test technique eliminates the dangerous and time-consuming activity of disconnecting parallel grounds as well as the process of finding suitable locations for auxiliary ground stakes.

Scope of Report

Report Attribute	Details
Growth Rate	CAGR of 5.5% from 2022 to 2032
Base Year for Estimation	2021
Historical Data	2016 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, Trends, and Pricing Analysis
Segments Covered	Display, Function, Region
Regions Covered	North America; Latin America; Western Europe; Eastern Europe; Asia Pacific excluding Japan; Japan; Middle East and Africa
Key Countries Profiled	USA, Canada, Brazil, Argentina, Germany, United Kingdom, France, Spain, Italy, Nordics, BENELUX, Australia & New Zealand, China, India, ASIAN, GCC Countries, South Africa
Key Companies Profiled	Chauvin Arnoux, Inc.; Extech Instruments Corporation; Fluke Corporation; Megger Group Limited; Hioki E.E. Corporation; CATU; Chauvin Arnoux, Inc.; Di to Log Test Equipment; Extech Instruments; Kewtech Corporation Ltd; Martindale Electric; Metrel d.d.; Amprobe
Customization	Available Upon Request

Key Segments Profiled in the Ground Resistance Testers Industry Survey

Function:

• Current Leakage
• Earth Continuity
• Testers for Grounding System Resistance
• Resistance Testers for Ground Bond
• Ground Insulation Resistance Testers

Display:

• Analog/Digital Display
• LED Indicator

Region:

• North America
• Latin America
• Western Europe
• Eastern Europe
• Asia Pacific excluding Japan
• Japan
• Middle East and Africa

Frequently Asked Questions

What is the anticipated growth of the Ground Resistance Testers market until 2032?

FMI projects the global demand of the Ground Resistance Testers market to expand at a 5.5% value CAGR by 2032

Which region is forecast to be the most lucrative for Ground Resistance Testers market growth?

North America is expected to be the most opportunistic Ground Resistance Testers market, expanding at a 5% CAGR

Which are some prominent Ground Resistance Testers manufacturers?

Chauvin Arnoux, Inc., Extech Instruments Corporation, Fluke Corporation, Megger Group Limited, Hioki E.E. Corporation, CATU, Chauvin Arnoux, Inc., Di-Log Test Equipment, Extech Instruments, Kewtech Corporation Ltd, Martindale Electric, Metrel d.d., Amprobe, etc., among others.