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.
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.
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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
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.
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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TABLE OF CONTENTS
LIST OF TABLES
Table 1 Digital Multimeter Market, By Types
Table 2 Digital Multimeter Market, By Digital Type
Table 3 Digital Multimeter Market, By End-User
Table 4 Digital Multimeter Market, By Regions
Table 5 North America Digital Multimeter Market, By Types
Table 6 North America Digital Multimeter Market, By Digital Type
Table 7 North America Digital Multimeter Market, By End-User
Table 8 North America Digital Multimeter Market, By Region
Table 9 Europe Digital Multimeter Market, By Types
Table 10 Europe Digital Multimeter Market, By Digital Type
Table 11 Europe Digital Multimeter Market, By End-User
Table 12 Europe Digital Multimeter Market, By Region
Table 13 U.K. Digital Multimeter Market, By Types
Table 14 U.K. Digital Multimeter Market, By Digital Type
Table 15 U.K. Digital Multimeter Market, By End-User
Table 16 U.K. Digital Multimeter Market, By Region
Table 17 Asia-Pacific Digital Multimeter Market, By Types
Table 18 Asia-Pacific Digital Multimeter Market, By Digital Type
Table 19 Asia-Pacific Digital Multimeter Market, By End-User
Table 20 Asia-Pacific Digital Multimeter Market, By Region
Table 21 Rest Of World Digital Multimeter Market, By Types
Table 22 Rest Of World Digital Multimeter Market, By Digital Type
Table 23 Rest Of World Digital Multimeter Market, By End-User
Table 24 Rest Of World Digital Multimeter Market, By Region
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Digital Market Synopsis As per the research by Market Research Future Reports (MRFR), the global digital multimeter market is estimated to value USD 1 billion by 2023, thriving at a CAGR of 3% from 2017 to 2023.
The growing adoption of electronic equipment is the most important factor amplifying the global digital multimeter market 2020.
Owing to the attributes of cheap cost and accuracy, the multi-functionality digital multimeter market is likely to propel.
Moreover, the feasibility of using a handheld digital multimeter can help in the expansion of the market.
But the growing focus of developers on designing products is efficient and is likely to result in an upward trajectory.
Market Segmentation The Digital Multimeter Market Size can be segregated on the basis of digital types, types, end-users, and region.On the basis of digital types, the global digital multimeter market can be classified into fluke digital, clamp digital, auto-ranging, and a few others.On the basis of types, the global digital multimeter market can be classified into bench-top, handheld, mounted, and othersOn the basis of end-users, the global digital multimeter market can be classified into manufacturing, automotive, energy industry, commercial, residential, and a few others.On the basis of region, the global digital multimeter market can be classified into North America, Europe, Asia Pacific and Rest of the World (RoW).
WHAT IS A DIGITAL MULTIMETER?A digital multimeter (DMM) is an examination apparatus cast-off to quota for twofold or extra electrical tenets—principally voltage (volts), current (amps) and resistance (ohms).
It is a typical investigative device for specialists in the electrical/electronic activities.Digital multimeter protracted in the past substituted needle-based analog meters in arrears to their capability to ration with superior correctness, dependability and augmented impedance.
Fluke hosted its first digital multimeter in 1977.Digital multimeters syndicate the challenging competences of single-task meters—the voltmeter (for measuring volts), ammeter (amps) and ohmmeter (ohms).
Every so often they comprise a figure of added expert structures or progressive selections.
Engineers with precise prerequisites, as a result, can seek out an exact errands.The façade of a digital multimeter characteristically takes account of four machineries:Display: Where measurement details can be observed.Buttons: For picking several tasks; the choices differ by model.Dial (or rotary switch): For picking principal dimension values (volts, amps, ohms).Input jacks: Where test leads are interleaved.Test leads are supple, cloistered chains (red for positive, black for negative) that wad into the Digital Multi Meter.
The probe tips on every single lead are castoff for testing circuits.The rapports,totals and numerals are castoff to label a digital multimeter'stenacity—exactly howsufficient a dimension a meter can style.
