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Global Circuit Tracer Market 2018-2022 | Rising Demand for Power to Drive Growth | Technavio

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The global circuit tracer market research report by Technavio predicts the market to post a CAGR of close to 3% during the period 2018-2022.

A key driver for the global circuit tracer market is the growing demand for power. The rising industrialization and urbanization have been driving the demand for power. The increased focus on digitization and automation in regions such as North America and Europe has resulted in extensive use of equipment that relies heavily on power. The industrial growth in developing countries of Asia and Africa such as China, India, Indonesia, Malaysia, Vietnam, South Africa, and Nigeria has led to a high demand for power.

This global circuit tracer market research report also provides an analysis of the most important trends expected to impact the market outlook during the period 2018-2022. Technavio classifies an emerging trend as a major factor that has the potential to significantly impact the market and contribute to its growth or decline.

This report is available at a USD 1,000 discount for a limited time only: View market snapshot before purchasing

In this report, Technavio highlights the growing need for circuit tracers in railways as one of the key trends in the global circuit tracer market:

Global circuit tracer market: Growing need for circuit tracers in railways

Railways is a significant mode of transportation worldwide, predominantly Europe and Asia. A shift toward low-carbon emission transportation has resulted in the electrification of railways. This is driving the demand for circuit tracers. The safety and reliability of these trains become a critical issue as railways are achieving its goal of complete electrification.

By using circuit tracers, faults can be located quickly without severe service disruption. This leads to improved service due to less downtime and high level of safety. The need for high-speed mass transportation has been increasing, especially in Asia. Many countries in Asia have planned metro railway projects in urban areas. This is expected to drive the demand for circuit tracers in the railway sector in Asia, says a senior research analyst at Technavio.

Global circuit tracer market: Segmentation analysis

This circuit tracer market analysis report segments the market by end-user (service providers, industrial, and commercial) and geography (the Americas, APAC, and EMEA).

The service providers segment held the largest circuit tracer market share in 2017, accounting for over 45% of the market. This end-user segment is expected to dominate the global market throughout the forecast period.

The APAC region led the market in 2017 with more than 39% of the market share, followed by EMEA and the Americas respectively. The APAC region is expected to dominate the market throughout the period 2018-2022.

Looking for more information on this market? Request a free sample report

Technavios sample reports are free of charge and contain multiple sections of the report such as the market size and forecast, drivers, challenges, trends, and more.

Some of the key topics covered in the report include:

Market Landscape

  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis

Market Sizing

  • Market definition
  • Market size and forecast

Five Forces Analysis

Market Segmentation

Geographical Segmentation

  • Regional comparison
  • Key leading countries

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Competitive scenario

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavios report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavios comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

If you are interested in more information, please contact our media team at media@technavio.com.

Technavio Research
Jesse Maida
Media & Marketing Executive
US:
+1 844 364 1100
UK: +44 203 893 3200
www.technavio.com

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