25 September 2020
Visiongain has launched a new report Circuit Tracers Market Report : Forecasts by Type (Voltage ≤120V, Voltage＞120V), by End-user (Service Providers, Industrial, Commercial), by Region and Analysis of Leading Companies.
Circuit tracers are one of the safest, fastest, and most accurate methods to counter circuit faults. Circuit tracers can trace wires in difficult places such as cable trays, ceilings , walls, and underground and mitigate the need for time-consuming visual wire tracing methods. It is often used to detect dead circuits and insulation leakages. This helps in the prompt detection of circuit faults and ensures swift repair and restoration. By detecting dead circuits in old buildings, circuit tracers assist in rectifying of faulty paperwork thus saving time and money for both end-users and electricians. This has led to the widespread adoption of global circuit tracers market among end users.
Breaker panels today can feed a lot of sensitive electronic gear and can cause damage to these sensitive devices by cutting their power. Moreover, time is money for an operator of the plant, and a firm cannot afford to shut down everything while a specific circuit is located so that only it can be shut down for operation. Thus, circuit tracer is a cost-effective solution which aims to save countless hours of work.
Demand for Ethernet cables has been increasing in the residential and commercial sectors with the growing need for high-speed networks. Ethernet was primarily used for the managing lower bandwidth networks for the local area network ( LAN). But since then, its use has also increased for high-speed networks. This increased the popularity for industrial and commercial ethernet cables. This will contribute directly to the demand for circuit or wire tracers to identify new locations in which to install new ethernet cables.
Asia Pacific circuit tracer market is expected to project the highest growth of the global circuit tracer market over the forecast period. One of the factors responsible for the growth of circuit tracer market in this region is the growing demand for power and data centres. Furthermore, the need for high-speed mass transport has been increasing in this region. Many Asian countries have planned urban metro-rail projects which is expected to have a major demand surge for railway circuit tracers in Asia.
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