LCR Meter Market Report: Trends, Forecast and Competitive Analysis to 2030

LCR Meter Trends and Forecast

The future of the global LCR meter market looks promising with opportunities in the test frequency, voltage, accuracy, and speed applications. The global LCR meter market is expected to reach an estimated $0.8 billion by 2030 with a CAGR of 3.7% from 2024 to 2030. The major drivers for this market are growing demand for automation technology, rising use of this instrument to determine the rms values of current and voltage, and emergence of environment-friendly meters.

A more than 150-page report is developed to help in your business decisions.

LCR Meter by Segment

The study includes a forecast for the global LCR meter by type, application, end use industry, and region.

LCR Meter Market by Type [Shipment Analysis by Value from 2018 to 2030]:

• Benchtop LCR meter
• Handheld LCR meter

LCR Meter Market by Application [Shipment Analysis by Value from 2018 to 2030]:

• Test Frequency
• Voltage
• Accuracy
• Speed
• Others

LCR Meter Market by End Use Industry [Shipment Analysis by Value from 2018 to 2030]:

• Automotive
• Residential
• Consumer Electronics
• Others

LCR Meter Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of LCR Meter Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies LCR meter companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the LCR meter companies profiled in this report include-

• Keysight Technologies
• Rohde & Schwarz
• Hioki E.E.
• Chroma ATE
• B&K Precision
• GW Instek
• Stanford Research
• IET Labs
• Extech Instruments
• Good Will Instrument

LCR Meter Market Insights

Lucintel forecast that handheld LCR meteris expected to witness highest growth over the forecast period due to its widespread use in field measurement and on-site testing owing to its portability and convenience.

Test frequency will remain the largest segment.

APAC is expected to witness highest growth over the forecast period due to tremendous demand for consumer electronic gadgets and e-vehicles, availability of major semiconductor units, and presence of key manufacturing hubs in the region.

Features of the Global LCR Meter Market

Market Size Estimates: LCR meter market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: LCR meter market size by type, application, end use industry, and region. in terms of value ($B).

Regional Analysis: LCR meter market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different type, application, end use industry, and region. for the LCR meter market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the LCR meter market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

Q.1. What is the LCR meter market size?

Answer: The global LCR meter market is expected to reach an estimated $0.8 billion by 2030.

Q.2. What is the growth forecast for LCR meter market?

Answer: The global LCR meter market is expected to grow with a CAGR of 3.7% from 2024 to 2030

Q.3. What are the major drivers influencing the growth of the LCR meter market?

Answer: The major drivers for this market are growing demand for automation technology, rising use of this instrument to determine the rms values of current and voltage, and emergence of environment-friendly meters.

Q.4. What are the major segments for LCR meter market?

Answer: The future of the LCR meter market looks promising with opportunities in the test frequency, voltage, accuracy, and speed applications.

Q.5. Who are the key LCR meter market companies?

Answer: Some of the key LCR meter companies are as follows:

• Keysight Technologies
• Rohde & Schwarz
• Hioki E.E.
• Chroma ATE
• B&K Precision
• GW Instek
• Stanford Research
• IET Labs
• Extech Instruments
• Good Will Instrument

Q.6. Which LCR meter market segment will be the largest in future?

Answer: Lucintel forecast that handheld LCR meteris expected to witness highest growth over the forecast period due to its widespread use in field measurement and on-site testing owing to its portability and convenience.

Q.7. In LCR meter market, which region is expected to be the largest in next 5 years?

Answer: APAC is expected to witness highest growth over the forecast period due to tremendous demand for consumer electronic gadgets and e-vehicles, availability of major semiconductor units, and presence of key manufacturing hubs in the region.

Q.8. Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the LCR meter market by type (benchtop LCR meter and handheld LCR meter), application (test frequency, voltage, accuracy, speed, and others), end use industry (automotive, residential, consumer electronics, and others), and region. (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?