Digital Multimeter Market Size - Competitive Analysis, Statistics till 2023

Posted by Savni on November 20th, 2020

Market Highlights

The study reveals that digital multimeter is trending in North America region. The growing requirement of digital multimeter by the industries due to its high accuracy and dual display for selecting primary measurement value. There are certain limitation of digital multimeter as digital multimeter is not ideal for measuring values that are changing constantly. The digital multimeter can integrated with the circuit technologies which measures capacitance, temperature, frequency, buzzer, and others. The digital multimeter also enables direct current voltage readings can be measure either positive or negative, that analog multimeter does not provide these reading. It has the ability to ‘freeze’ the meter to a particular range and others.

In North America region, the digital multimeter demand are growing with huge demand among various verticals such as commercial, residential, industrial and others. The prominent companies such as Kaito Electronics, Inc. (U.S), Etekcity Corporation (U.S.), Rohde & Schwarz GmbH & Co KG (Germany), are manufacturing digital multimeter that can improve the performance at reduced cost. Due to the changing market trends & emerging opportunities, digital multimeter market are estimated to grow with huge demand in the market.

The global digital multimeter market is growing rapidly over ~3% of CAGR and is expected to reach at USD ~ 1 Billion by the end of forecast period.

Taste the market data and market information presented through more than 30 market data tables and figures spread over 100 numbers of pages of the project report. Avail the in-depth table of content TOC & market synopsis on “The Global Digital Multimeter Market Research Report -Forecast to 2023”.

Global Digital Multimeter Market Segmentation

Digital Multimeter Market Size are bifurcated on the basis of types, digital types, end users and region. The types are segmented into handheld, bench-top, mounted, and others. The digital types are segmented into autoranging, clamp digital, fluke digital and others. The end users are segmented automotive, manufacturing, energy industry, residential, commercial and others. The region includes North America, Europe, Asia Pacific and rest of the world

The prominent players in the global digital multimeter market are – Fluke Corporation (U.S.), Innova Electronics (U.S.), Klein Tools (U.S.), Amprobe (U.S), Mastech Digital (U.S.), Extech Instrument (U.S.), Craftsman (U.S.) Crenova (India), Kaito Electronics, Inc. (U.S), Etekcity Corporation (U.S.) and among others

Market Research Analysis:

On geographic basis, global digital multimeter market is studied in different regions as Americas, Europe, Asia-Pacific and Rest of world. It has been observed that North America region is leading with market share growth in the digital multimeter market. The digital multimeter are gaining huge demand due to its excellent visual indication of changes in reading. In this market, Europe is to be estimated to be the second largest market share for digital multimeter during the forecast period. Asia Pacific is expected to forecast the highest CAGR in the coming years.

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Joined: October 21st, 2019
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