Press release
Digital Multimeter Market 2019 - Current Trends Competitive Landscape, Sales, Share, Segments, New Technology, Cost, Outlook 2024
According to Market Study Report, Digital Multimeter Market provides a comprehensive analysis of the Digital Multimeter Market segments, including their dynamics, size, growth, regulatory requirements, technological trends, competitive landscape, and emerging opportunities of global industry. This report also provides market landscape and market share information in the Digital Multimeter Market.Get Instant Free Sample Copy in PDF Format at https://www.reportsnreports.com/contacts/requestsample.aspx?name=2903947
The Global Digital Multimeter Market size is projected to reach US$ 1,047 Million by 2024 from an estimation of US$ 847 Million in 2019, growing at a CAGR of 4.3% during the forecast period. This report spread across 178 Pages, Profiling 15 Companies and Supported with 104 Tables and 35 figures is now available in this research.
"The handheld segment is expected to dominate the digital multimeter market in 2019"
The handheld digital multimeter segment is expected to dominate the market in 2019, owing to the increasing demand for portable testing and measurement devices in various countries across the globe. Owing to the versatility and portability of handheld digital multimeters, these are widely used as a standard diagnostic tool by technicians operating in various end-use industries.
"The auto-ranging type is expected to grow at the highest rate during the forecast period"
The auto-ranging segment is estimated to grow at the fastest rate (CAGR) during the forecast period due to its ease of use. Auto-ranging multimeters are relatively simple to use and can be operated without prior technical knowledge. They can seamlessly measure similar electrical parameters of different ranges without manual adjustments. The growing demand for electronic devices and smart home appliances in the consumer electronics segment is expected to drive the demand for auto-ranging multimeters.
"Asia Pacific is expected to lead the global digital multimeter market"
Asia Pacificcurrently leads the global digital multimeter industry, followed by Europe and North America. Some of the world's largest electronic manufacturing companies, such as Samsung, Sony, and Panasonic, operate from Asia Pacific owing to the availability of cheap labor and easy availability of raw materials.
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Competitive Landscape of Digital Multimeter Market:
1 Overview
2 Competitive Leadership Mapping (Overall Market)
2.1 Visionary Leaders
2.2 Innovators
2.3 Dynamic Differentiators
2.4 Emerging
3 Market Ranking, 2018
4 Competitive Scenario
4.1 New Product Launches
4.2 Investments & Expansions
4.3 Contracts & Agreements
4.4 Others
Major Vendors profiled in the Digital Multimeter Market include are Fluke Corporation (US), Tektronix (US), Keysight Technologies (US), Yokogawa (Japan), GossenMetrawatt (Germany), Hioki (Japan), FLIR Sytems(US) and National Instruments (US).
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