Leakage Current Clamp Meter Market - Forecasts from 2025 to 2030

The leakage current clamp meter market is projected to grow at a CAGR of 4.85% over the forecast period, increasing from US$1.751 billion in 2025 to US$2.219 billion by 2030.

The leakage current clamp meter market is experiencing significant growth driven by various factors, including the increasing demand for electrical safety, stringent regulations, the growing adoption of renewable energy sources, rising complexity in electrical systems, and expanding industrial applications. The demand for leakage current clamp meters is particularly boosted by the renewable energy sector. According to the International Energy Agency, annual renewable capacity additions are projected to rise from 666 GW in 2024 to nearly 935 GW by 2030.Moreover, the expansion of electricity supplies in developing regions, such as Africa, is contributing to the growth of the leakage current clamp meter market. In January 2025, the World Bank Group and the African Development Bank announced their commitment to provide electricity to 300 million Africans by 2030.

Drivers of the Leakage Current Clamp Meter Market:

• Rising Demand in the Automotive Sector: The automotive industry is increasingly prioritizing safety in vehicles, leading to a heightened demand for leakage current meters. These devices are essential for detecting potentially hazardous leakage currents that could result in electrical failures or fires. The growth of electric vehicles further necessitates testing and monitoring of electrical systems, including charging stations. As a result, leakage current clamp meters are becoming vital for expanding electric vehicle infrastructure. According to the International Organization of Motor Vehicle Manufacturers (OICA), vehicle production increased by 10% in 2023 compared to the previous year, with a total of 93,546,599 vehicles produced.

Geographical Outlook of the Leakage Current Clamp Meter Market:

• North America Expected to Witness Significant Growth: North America is anticipated to hold a considerable share of the leakage current clamp meter market during the forecast period. The primary driver of this growth is the increasing demand for electrical safety across residential and commercial infrastructures. Leakage current clamp meters are crucial for detecting potential short circuits and enhancing safety measures. The rising utilization of these devices across various industries - including automotive, manufacturing, construction, and electronics - will further support market growth.

The demand for electrical safety has surged due to a rise in infrastructure fires related to electrical malfunctions. Furthermore, favorable reimbursement policies for advanced healthcare services have made these sophisticated procedures more accessible, driving adoption among healthcare service providers. In summary, the leakage current clamp meter market is poised for robust growth driven by rising demand for electrical safety solutions across multiple sectors, increasing prevalence of electric vehicles necessitating advanced monitoring tools, and significant geographical developments - particularly within North America - that enhance this expanding market landscape.

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Report Coverage:

• Historical data & forecasts from 2022 to 2030
• Growth Opportunities, Challenges, Supply Chain Outlook, Regulatory Framework, Customer Behaviour, and Trend Analysis
• Competitive Positioning, Strategies, and Market Share Analysis
• Revenue Growth and Forecast Assessment of segments and regions including countries
• Company Profiling (Strategies, Products, Financial Information, and Key Developments among others)

The leakage current clamp meter market has been segmented as following:

• By Leakage Type
  • AC Leakage
  • DC Leakage
• By End-User
  • Construction
  • Electrical & Electronics
  • Medical & Healthcare
  • Automotive
  • Others
• By Geography
  • North America
    • USA
    • Canada
    • Mexico
  • South America
    • Brazil
    • Argentina
    • Others
  • Europe
    • United Kingdom
    • Germany
    • France
    • Spain
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • UAE
    • Israel
    • Others
  • Asia Pacific
    • Japan
    • China
    • India
    • South Korea
    • Indonesia
    • Thailand
    • Taiwan
    • Others