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

LONDON–(BUSINESS WIRE)–lt;a href=”https://twitter.com/hashtag/Research?src=hash” target=”_blank”gt;#Researchlt;/agt;–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.

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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.

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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

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