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.
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Regional Analysis:
The regional analysis of digital multimeter market is being studied for region such as Asia pacific, North America, Europe and Rest of the World. North America is one of the leading region across the world in terms of market share in digital multimeter market as it has huge demand as it is widely used in the electronics industry for electronic measurement. The digital multimeter market in Europe region is expected to witness rapid growth in the forthcoming period. Whereas, Asia-Pacific countries like China, Japan and India is an emerging market for digital multimeter market and expected to be the highest CAGR in the coming years as the companies are taking interest in targeting the digital multimeter in these market to meet the requirement of customers’ need.
Key Players:
The prominent players in the global digital multimeter market are – Fluke Corporation (U.S.), Innova Electronics Corporation (U.S.), Klein Tools (U.S.), Amprobe (U.S), Mastech Digital (U.S.), Extech Instrument (U.S.), UNI-T (China), Rohde & Schwarz GmbH & Co KG (Germany), Kaito Electronics, Inc. (U.S), Etekcity Corporation (U.S.) and among others.
Segments:
The global digital multimeter market has been segmented on the basis of types, digital types, end users and region.
Global Digital multimeter Market By Type:
- Handheld
- Bench-top
- Mounted
- Others
Global Digital multimeter Market By digital Types:
- Auto ranging
- Clamp Digital
- Fluke Digital
- Others
Global Digital multimeter Market By End Users:
- Automotive
- Manufacturing
- Energy
- Residential
- Commercial
- Others
Global Digital multimeter Market By Regions:
- North America
- Europe
- APAC
- Rest Of The World
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Intended Audience
- Digital multimeter companies
- Digital multimeter providers
- Professional service providers
- Digital multimeter providers
- Research and development companies
- Market research and consulting firms
- Solution providers
- Technology standards organizations
- Technology investors
- System Integrators
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