Voltage Probes Market Size, Share, and Industry Analysis By Type (High Voltage and Low Voltage), By Application (Electrical, Industrial, Research, and Others), and Regional Forecast, 2024-2032

The voltage probe is a bipolar sensor used to measure the voltage present in the device under test. To achieve high accuracy, the test instrument and its probe must not significantly affect the measured voltage. This is achieved by ensuring that the instrument and probe combination has sufficiently high impedance without loading the device.

By type, the global voltage probes market can be divided into high and low voltage. High-voltage probes dominate the market. The probes allow ordinary voltmeters to measure voltages. Moreover, they can measure voltages that are too high and can be destructive for generic voltmeters. Voltage probes achieve this by using a precision voltage divider circuit in the probe body to reduce the input voltage to a safe and measurable level. Using capacitive voltage divider probes can measure higher voltages. However, the larger physical size and other mechanical characteristics (such as the corona ring of these devices) often prevent them from being used as portable probes.

Based on application, the global voltage probes market can be divided into electrical, industrial, research, and others. The adoption of voltage probes in the industrial sector will drive the demand for this segment. The voltage probe measures the voltage across the device. To achieve high precision, the test instrument and its probe must not significantly affect the measured voltage. This is accomplished by ensuring that the instrument and probe combination has a sufficiently high impedance without loading the device under test. During the forecast period, these factors will contribute to the segmental expansion.

The increasing penetration rate of various electronic devices in commercial, residential, and industrial applications is the main factor driving the market for voltage probes. Due to the continuous technological advancement of intelligent digital solutions, the price of electronic equipment has fallen, leading to the feasible implementation of sensor technology in the power grid, contributing to the voltage probe market growth. The rise of high and medium-voltage probes for the measurement of filters, systems, and bushings has positively impacted the development of the voltage probe market. Additionally, rising disposable income and the growing need for consumer electronics products may create profitable growth opportunities for major players in the voltage probe market over the coming years.

The COVID-19 pandemic had a serious impact on varied end-use industries. The shutdown of industries and imposed lockdown put a halt on manufacturing processes across the electrical industry. The inaccessibility of raw materials, transportation, and labor for the production of electrical products impacted the market growth. However, the growing construction industry, where electric equipment plays an important role, is expected to boost market growth.

KEY INSIGHTS

The report covers the following key insights:

• Recent Advancements in the Voltage Probes Market


• Key Industry Trends


• Regulatory Landscape for the Voltage Probes Market


• Key Industry Developments (Mergers, Acquisitions, and Partnerships)


• Impact of COVID-19 on the Market

SEGMENTATION

ANALYSIS BY TYPE

Based on type, the market is segmented into high-voltage and low-voltage probes. A high voltage single-ended probe is usually used for gauging ground referenced signals about 40 kV (kiloVolts). However, some single-ended probes are intended for oscilloscopes with isolated inputs for measurements that are not ground referenced. Exceptional high-frequency response in various applications in the industry is driving the market for high-voltage probes.

The low voltage probes segment is the fastest growing segment in various regions owing to their applications. The  probes are the finest choice for creation measurements on high-frequency circuit elements, which need minimal probe loading. It will continue to boost the market for voltage probes over the forecast period.

ANALYSIS BY APPLICATION

Based on application, the market is segmented into electrical, industrial, research, and others. The industrial segment is the dominating segment driven by the growing operations and activities considering the new advancements. The management of the loading of the industrial area is also one of the factors driving the growth in the industry.

The electrical industry is the fastest-growing segment in the market. This is owing to the rise in manufacturing equipment and testing processes. Other segments, such as research, also contribute majorly to the voltage probe market. The developments in the research and development in multiple industries and sectors back this.

REGIONAL ANALYSIS

By region, the voltage probes market is studied across North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.

During the predicted time frame for marketing development, North America is anticipated to demonstrate outstanding growth. Administration organizations and outsider managers are focusing their efforts on developing client-driven products that will create an efficient marketing scenario in these areas.

Due to the increasing use of these probes in many sectors, the Asia Pacific region is expected to expand at the fastest rate during the forecast period. Due to the growth of production and sales in countries such as China, Japan, and South Korea, the region is one of the most critical regions in the industrial sector. The increasing use of voltage probes in the industrial sector is driving market expansion. As large portions of the market business would be located worldwide, the European nations are contributing heavily to the market, driven by the growing demand in multiple sectors such as industrial advancements.

The Middle East & Africa and Latin America regions have a strong chance of building an excellent, favorable market environment backed by growing industrial operations. Research and developments in regions such as the UAE and Saudi Arabia are rising in nature to adapt modern technology. Hence, the growth of the voltage probe has been seen in recent years.

Key Players Covered:

The report provides the profiles of key players such as CAL TEST ELECTRONICS, INC., 2M Technologies Pte. Ltd., FormFactor Inc. – Livermore, Pico Technology, Iwatsu Electric, Keysight Technologies, Hioki E.E. Corporation, Klaric GmbH & Co. KG, Rohde & Schwarz, Powertek Corporation, Tektronix, Sécheron Hasler Group, and Yokogawa Electric Corporation.

Key Industry Developments

• In October 2020, Sécheron Hasler Group launched a new TMS voltage probe at INNOTRANS. TMS is a scalable platform dedicated to rolling stock applications and used for different functions, including traction control, vehicle protection, and energy metering.


• In June 2021, Hioki announced the launch of the SP700195 non-contact CAN voltage probe, a one-button device that can easily connect and disconnect CAN cables with one hand. This revolutionary non-contact sensor can detect signals on the vehicle's CAN and CAN FD network from the external cable insulation.