Digital Panel Meter Market Technological Advancements to drive the growth of Market 2019-2024: OMRON, InnoVista Sensors, Siemens and More..
Digital Panel Meter is an instrument that displays an input signal in digital form. Many digital panel meters also include alarm options as well as the ability to connect and transfer data to a computer. Digital panel meters are usually available with an Ethernet option which allows the digital panel meter reading to be accessed across a local area network (LAN) or even through the internet.
Some of the leading Companies incorporated in this Research are Murata Power Solutions, Red Lion Controls, OMRON, InnoVista Sensors, Siemens, Danaher, Zhejiang CHINT, Lascar Electronics, Carlo Gavazzi, Phoenix Contact, PR Electronics, Precision Digital, Taik Electric, Yokogawa Meters & Instruments, Trumeter, Autonics, Jewell Instruments, Laurel Electronics.
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Globally, the Digital Panel Meter industry market is concentrated by Continental and Bridgestone as the manufacturing technology of Digital Panel Meter is relatively much more mature. Also some enterprises are still well-known for the wonderful performance of their Digital Panel Meter and related services. At the same time, some countries such as Germany, Japan and USA are remarkable in the global Digital Panel Meter industry because of their market share and technology status of Digital Panel Meter.
The consumption volume of Digital Panel Meter is related to downstream industries and global economy. As there will always be some uncertain in the global economy in the following years, the growth rate of Digital Panel Meter industry may not keep that fast. But it is surely forecasted that the market of Digital Panel Meter is still promising.
The product average price declined in the past few years due to the market competition, the average price will keep the trend in the few future years due to the price of raw material constantly decrease and most of China manufacturers will enter the industry.
According to this study, over the next five years the Digital Panel Meter market will register a 3.7% CAGR in terms of revenue, the global market size will reach US$ 180 million by 2024, from US$ 150 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Digital Panel Meter business, shared in Chapter 3.
Segmentation by product type:
Temperature and Process Panel Meters
Multi-Input Indicators and Scanners
Segmentation by application:
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