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Voltage Detection System Market to Hit USD 1.6 Billion by 2030: Global Market Insights Inc.

Global Market Insights Inc.
·3-min read
Global Market Insights Inc.
Global Market Insights Inc.

Major voltage detection system market players include Dipl.-Ing. H. Horstmann GmbH, Epoxy House, Georg Jordan, Kries-Energietechnik GmbH & Co. KG, ELECTRONSYSTEM MD SRL, K. K. Sales Corporation, and others.

Selbyville, Delaware, Aug. 16, 2022 (GLOBE NEWSWIRE) --

The global voltage detection system market is expected to record a valuation of USD 1.6 billion by 2030, according to the most recent study by Global Market Insights Inc. Widespread utilization of effective monitoring and control systems across the power distribution sector will offer new opportunities for business growth.

The continuing digitalization has positively influenced the power sector as the consumer inclination toward interactive and smart services across the voltage detection system market has been witnessing an upsurge over the past years. For instance, in August 2022, EDN, an electronic firm, launched a precision synchronous detection amplifier that facilitates low voltage detection with high linearity and excellent noise immunity. The circuit, which implements synchronous detection to augment small DC voltages, finds usage primarily in measurements that involve load cells, current shunts, thermocouples, and so forth.

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Volatile raw material costs may emerge as a major restraining factor, cites the report. However, increasing concerns regarding the export quotas may increase raw material prices and encourage players to eventually reduce product prices, positively affecting the industry dynamics.

Rising inclination toward clean energy to help LATAM emerge as a prominent revenue pocket

The Latin America voltage detection system market is anticipated to reach USD 95 million by 2030. Increased investments towards the deployment of high-capacity renewable energy sources in several countries, including Chile and Argentina, will enhance the requirement for effective voltage monitoring of the networks, which will be a major factor pushing the regional market growth. In addition, the surging population growth is boosting the demand for smart electronic connectivity, which will further foster the industry outlook.

Middle East & Africa voltage detection system market is poised to register substantial gains through 2030. Continuous measures taken to improve workplace safety have encouraged the industrialists to install effective monitor and control devices to lessen the accidental rate and extra costs sustained due to accidents will favor the industry scenario in the region.

Acquisitions to remain a prominent growth strategy for industry players

Major companies operating in the voltage detection system industry are Dipl.-Ing. H. Horstmann GmbH, Epoxy House, Georg Jordan, Kries-Energietechnik GmbH & Co. KG, ELECTRONSYSTEM MD SRL, K. K. Sales Corporation, C&S Electric Limited, Orion EE, and KPB INTRA s.r.o. These companies mainly focus on expanding their product portfolio and extending their consumer reach in underpenetrated regions through strategic mergers and collaborations to strengthen their market standing.

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Table of Contents (ToC) of the report

Chapter 3   Voltage Detection System Market Insights
3.1    Industry ecosystem analysis
3.2    Innovation & technology landscape
3.2.1    Kries-Energietechnik GmbH & Co. KG
3.3    Regulatory landscape
3.4    COVID- 19 impact on the industry outlook
3.5    Industry impact forces
3.5.1    Growth drivers
3.5.1.1    Growing MV switchgear deployment owing to the rising electricity demand
3.5.1.2    Refurbishment and expansion of the existing grid networks
3.5.1.3    Development of smart grid and microgrid networks
3.5.2    Industry pitfalls & challenges
3.5.2.1    Volatile raw material prices
3.6    Growth potential analysis
3.7    Porter’s Analysis
3.8    Competitive landscape, 2022
3.9    PESTEL Analysis


About Global Market Insights Inc.

Global Market Insights Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy, and biotechnology.

CONTACT: Contact Us: Arun Hegde Corporate Sales, USA Global Market Insights Inc. Phone: 1-302-846-7766 Toll Free: 1-888-689-0688 Email: sales@gminsights.com