Press release
Digital Multimeter Market is Estimated to Reach USD 1.16 Billion By 2030: Cognitive Market Research
Digital Multimeter Market is Estimated to Reach USD 1.16 Billion By 2030: Cognitive Market Research
A digital multimeter is an electronic instrument, which is used to measure quantities such as capacitance, wattage, current, voltage, and resistance. The various types of these instruments include mini digital multimeters and automotive multimeters. In addition, a digital multimeter is used to check the working condition of equipment such as electric circuits, fuses, automotive batteries, HVAC units, semiconductors, and printed circuit boards. These are equipped with an LCD display, a knob to select various ranges of electric parameters, a dial, and an input jack.
Summary:
• Global Digital Multimeter Market Size Was Valued at USD 0.91 Billion In 2022 And Is Expected to Grow at A CAGR Of 5.71 % During the Forecast Period, Reaching USD 1.16 Billion By 2030.
• Based on product type, the handheld digital multimeter segment has the largest revenue share in the digital multimeter market.
• Based on ranging type, the manual segment has the largest revenue share in the digital multimeter market.
• Based on the industry vertical, the consumer electronics segment has the largest revenue share in the digital multimeter market.
• Asia-Pacific has the largest revenue share in the digital multimeter market.
To know more The Digital Multimeter Market statistics click here: https://www.cognitivemarketresearch.com/digital-multimeter-market-report
Market Dynamics:
Increasing the precision of digital multimeters in comparison to analog testers and less susceptibility to reading errors on account of easy-to-read digital displays are expected to drive the growth of the target market. In addition, increasing adoption in various end-use industries is the key factor expected to drive the growth of the digital multimeters market. Furthermore, the increasing adoption of industry 4.0 and the Internet of Things create growth opportunities for the global digital multimeters market in the forecast period. However, the sale of cheap and low-quality digital multimeters by local manufacturers hampers the growth of the digital multimeter market.
Market Segmentation:
Product Type:
• Handheld
• Desktop
• Mounted
Based on product type, the handheld digital multimeter segment has the largest revenue share in the digital multimeter market. This is due to handheld digital multimeters used in more locations and scenarios. In addition, this is used for measurements that need to be taken in field operations, or of hazardous systems, and when mobility is expected to drive the growth of this segment.
Ranging Type:
• Auto-ranging
• Manual
Based on ranging type, the manual segment has the largest revenue share in the digital multimeter market. This is attributed to manual digital multimeters providing benefits to professionals in several industries including electronics, electricals, technology, and scientific research.
Industry Vertical:
• Consumer Electronics
• Automotive
• Power Generation
• Healthcare
• Others
Based on the industry vertical, the consumer electronics segment has the largest revenue share in the digital multimeter market. This is due to increasing sales of electronics on account of the improving living standards of the population and the adoption of technology in the automotive industry. This is the key factor expected to drive the growth of the consumer electronics segment.
Asia-Pacific accounted for the largest share of the digital multimeter market
Asia-Pacific has the largest revenue share in the digital multimeter market. This is due to increasing investments in infrastructure development and the presence of various key companies in the region.
Competitive Analysis for Digital Multimeter Market: Fluke Corporation, Keysight, FLIR, Rohde Schwarz, Victor, UNI T, HIOKI, Klein Tools, BK Precision Corporation, CEM, Gossen Metrawatt, Prokits Industries Co. LTD, Mastech Group, GW Instek, Sata, Triplett, Leierda, Metrel d.d.
Get free sample pages of latest published Digital Multimeter Market Report: https://www.cognitivemarketresearch.com/digital-multimeter-market-report
News:
Fluke has launched the IRR1-SOL Solar Irradiance meter
In July 2021, Fluke has launched Fluke IRR1-SOL it has been designed from the ground up to simplify the installation, commissioning, and troubleshooting of photovoltaic arrays by measuring irradiance, temperature, inclination, and direction of the solar array with a single handheld tool.
HIOKI has Launched DC Hipot tester ST5680
In December 2022, HIOKI has launched the DC Hipot tester ST5680 for the safety inspection process of battery modules. The DC Hipot test is the electrical safety test in the module production of LIBs. The required test conditions depend on the standards required for each battery. The DC Hipot tester ST5680 has the specifications to comply with a wide range of international standards.
Browse Here For Full TOC:
Table of Content (Revenue USD Edition), (Enquire about Volume/Consumption Edition Data)
Chapter 1 Industrial Insight and Market Scope
• 1.1 Global Digital Multimeter Industry Introduction
• 1.2 Objectives of the Study
• 1.3 USP of the Report
• 1.4 Who is this report for?
• 1.5 Designing of Market Scope
1.5.1 Digital Multimeter Market Segmentation
1.5.1 Digital Multimeter Market Regional Fragmentation
1.5.1 Digital Multimeter Market Players
• 1.6 Report Duration
Chapter 2 Research MethodologyReview Complete Research Methodology
Chapter 3 Executive Summary of Digital Multimeter Market
• 3.1 Global Digital Multimeter Market Size 2018 - 2030, (USD Million)
• 3.2 Global Digital Multimeter Market Statistics 2022: Snapshot
Chapter 4 Global Digital Multimeter Market Overview
Chapter 5 Competitive Analysis (Subject to Availability)
Chapter 6 Qualitative Analysis
Chapter 7 Company Profiling (Subject to Availability)
Chapter 8 Global Digital Multimeter Market by Product Type Segmentation Analysis (2018-2030)
Chapter 9 Global Digital Multimeter Market by End Users Segmentation Analysis (2018-2030)
Chapter 10 Global Digital Multimeter Market by Functionality Segmentation Analysis (2018-2030)
Chapter 11 Global Digital Multimeter Market Regional Analysis
Chapter 12 North America Digital Multimeter Market Outlook (2018 - 2030)
Chapter 13 Europe Digital Multimeter Market Outlook (2018 - 2030)
Chapter 14 Asia Pacific Digital Multimeter Market Outlook (2018 - 2030)
Chapter 15 Latin America Digital Multimeter Market Outlook (2018 - 2030)
Chapter 16 Middle East and Africa Digital Multimeter Market Outlook (2018 - 2030)
Chapter 17 Research Findings
Customized/Exclusive Report Access on Request
To know more Digital Multimeter Market TOC click here: https://www.cognitivemarketresearch.com/digital-multimeter-market-report#table_of_contents
Related Report:
• Millimeter Wave Technology Market- https://www.cognitivemarketresearch.com/millimeter-wave-technology-market-report
• Acoustic Sensor Market- https://www.cognitivemarketresearch.com/acoustic-wave-sensors-market-report
• RF Multimeters Market- https://www.cognitivemarketresearch.com/rf-multimeters-market-report
• HVAC Multimeters Market- https://www.cognitivemarketresearch.com/hvac-multimeters-market-report
𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐔𝐬
Nicolas Shaw
Cognitive Market Research
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Illinois, 60602
United States
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Email: sales@cognitivemarketresearch.com
Website: https://www.cognitivemarketresearch.com/about-us
About Cognitive Market Research Company :
Cognitive Market Research has evolved as one leading market research and consulting firm and it provides services across multiple domains. Cognitive Market Research gathers and analyzes data about customers, competitors, distributors, and other market actors and forces operational across the value chain. As a market research company, we follow a complete process of gathering information about the target market and end-use industries to verify the complete journey of the product or service in the global market. It helps our readers understand the demand and viability of their product/service and how it might perform in the real world and help them to build business strategies accordingly.
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