Digital Multimeter Market 2018 Global Leaders Analysis: Mastech Digital, Extech Instrument, Fluke, Innova Electronics, Klein Tools, Amprobe, Kaito Electronics, Etekcity

Market Research Future published a research report on “Digital Multimeter Market Research Report- Global Forecast 2023” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2023.

Market Scenario

The companies such as Fluke Corporation (U.S.), Innova Electronics Corporation (U.S.), Klein Tools (U.S.), Amprobe (U.S), Mastech Digital (U.S.), are the leading manufacturers of digital multimeter in the market. Fluke Corporation announced the enhancement by enabling users to store document, and analyze individual measurements to its bench digital millimeter via FlukeView Forms software and it also increases the power of digital multimeter.

The factors that drive the growth market are the increasing adoption of electronic devices by the people. The digital multimeter are multifunctional features, dual display resolution and others. The multi-functionality digital multimeter is expected to grow with high demand in the market as it measures with high accuracy and low cost. It has certain limitations regarding its short variations in voltages may cause equipment to shut down.

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The global Digital Multimeter Market 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 global digital multimeter market is expected to grow at USD ~1 Billion by 2023, at ~3% of CAGR between 2017 and 2023.

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:

To gain an accurate assessment of the market variables, the global digital multimeter market is segmented by types, digital types, end users, and region.

• Based on the type, the market is segmented by handheld, bench-top, mounted, others
• Based on digital types, the market is segmented by auto ranging, clamp digital, fluke digital and others
• Based on end users, the market is segmented by automotive, manufacturing, energy, residential, commercial and others
• Based on regions, the market is segmented by North America, Europe, Asia Pacific and rest of the World

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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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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This release was published on openPR.