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Loop testers are used to assess potential fault currents and evaluate earth fault loop impedance. The primary purpose of loop testing is to ensure that if a problem develops in an electrical installation, enough current will flow to trigger the fuse or circuit breaker, protecting the damaged circuit within a set time frame. The goal is to ensure that the circuit is disconnected quickly enough to avoid overheating and perhaps a fire.
The ever-increasing renewable energy industry drives the growing need for loop testing equipment for transformer, battery, power quality, and insulation testing applications. Global demographic, economic, and population growth, combined with increasing urbanization, are expected to lead to a significant rise in energy consumption in the future years. In addition to conventional applications in industries such as automotive and healthcare, defense and aerospace are investing in better technologies to increase their capabilities with sophisticated equipment and offer enhanced services to consumers, which may be relevant for market growth.
The loop tester cannot work accurately at high power levels. Modern loop tests must incorporate fairly complex measurement techniques to function in modern facilities and meet customer requirements for size, weight, and performance. Since all manufacturers strive to produce the best products, all manufacturers' test methods are different, always resulting in different readings for additional products under different conditions. If the resistance in the ground loop is too high, the fault current may be too low to be detected, and the fault current will continue to flow around the primary circuit, causing a short circuit. Due to resistance being too high, the circuit protection may fail.
North America is one of the major marketplaces. The increased acquisition of sophisticated batteries by the US Army, which necessitates loop testing, is also driving the regional market expansion. The revival of the automobile industry in the United States is expected to influence sales in the forecasted period.
The loop testers market is expected to take a significant amount of time before recovering from the impact of the COVID-19 pandemic due to lowered energy requirements from all sectors.
Although the industrial landscape is slowly gaining momentum due to the easing of COVID-19 restrictions, loop testers' demand is anticipated to rise slower. In 2021, the U.S. EIA projected electricity demand to grow slower by 3% compared to previous projections.
The report will cover the following key insights:
According to the application, the loop testers market is divided into consumer electronics, communication, energy and power, traffic, and others. During the forecast period, the energy and power category will have the most significant market share. Adoption of advanced loop testers and growth in installing heavy electrical machinery or equipment in various industrial sectors will drive up demand for this segment. Adoption and installation of electric machinery are expected to drive category expansion during the projected period.
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Companies in Europe are expected to flourish in the automobile industry, creating a profitable market for manufacturers and suppliers. In addition, the market's expansion will be aided by Europe's well-established electronic sector and other sectors. During the projected period, the Asia-Pacific region is predicted to increase at the fastest rate. Increased electrification and associated activities in the region's developing economies, such as China, India, and Japan, are expected to demand industrial loop testers. Furthermore, a rise in preventative maintenance standards in many industries is projected to positively influence the region's business.
The report will include profiles of key players such as Megger - Electrical/Electronic Manufacturing, Aegis Pty. Ltd., Avo Automation, Exceltech, GNW Instrumentation, HellermannTyton Global, Kyoritsu KEW India Instruments Pvt. Ltd., Major Tech, PeakTech Prüf- und Messtechnik, and Socket & See.
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