Global LCR Meter Market 2016-2020

Global outlook for the LCR meter market

The global LCR meter market is envisaged to witness steady growth and will post a moderate CAGR of close to 3% over the forecast period. The education sector has been proliferating with an increasing number of universities and engineering schools being established to meet the demand for trained professionals. This sector requires the use of LCR meters in laboratories and workshops, however; most consumers in the education sector are price-conscious and opt for durable and low-priced products. Many companies are setting up R&D facilities in China which will require general purpose test equipment such as LCR meters to maintain consistency and accuracy in the equipment or circuits being measured. The increasing establishment of research facilities around the world and especially in China will propel the growth prospects for this market during the forecast period.

The introduction of new-age capacitors is one of the emerging trends fuelling the growth of this market in the coming years. The contemporary capacitors have enhanced safety features, better durability, advanced performance, reliability, compactness, and other essential features. For example, Schneider Electric offers high-end active harmonic filters, broadband filters, and hybrid voltage-ampere reactive (VAR) compensators. It offers 68 Kvar single unit can-type capacitors that assist the panel builders to reduce the size of the panels. Moreover, the market is also experiencing the advent of power capacitors that have a high harmonic capability, high inrush current capability, and advanced design and simulation tools. The growing innovations in capacitors will increase the adoption of LCR meters by the capacitor manufacturers during the predicted period.

Segmentation by type and analysis of the LCR meter market

• Handheld
• Benchtop