The digital multimeter market is expected to grow from USD 0.88 billion in 2019 to USD 1.23 billion by 2027, at a CAGR of 4.3% during the forecast period 2020-2027.
Digital multimeter is an electronic device which is used to measure electric parameters such as current, voltage, and resistance of electronic components. It is used as an advanced standard diagnostic tool, because of its capability of measuring resultant values with greater accuracy. Digital multimeter displays the results in numerical form on an LED/LED display. Digital multimeter are cost-effective, light-weight, and provide accurate readings as against traditional metering devices. In addition to that, it can also measure capacitance at high-frequency temperature. The factors driving the growth of this market are rise in demand for dual-display resolution, and accuracy of temperature, low cost and other features.
This study delivers a comprehensive analysis of types, ranging types, applications, and regions. On types basis this market is segmented by handheld, bench-top, mounted. The handheld digital multimeter has the largest market share in this segment. By ranging type, this market is bifurcated into auto-ranging and manual. The auto-ranging segment is anticipated to grow at a high growth rate because it is easy to operate and doesn’t require any technical knowledge. The growing demand for smart home appliances and electronic devices is expected to be the driving factor for the auto-ranging multimeters segment. Based on applications, this market is segmented into consumer electronics & appliances, energy, automotive, medical device, manufacturing, and others. The automotive segment is expected to grow at a high growth rate, owing to the growing market of electric vehicles (EV) and driverless cars all around the globe.
The market has been divided into North America, Europe, Asia-Pacific, Middle East & Africa, and South America. Asia-Pacific is the largest market, and it is expected to dominate this market in future. Increasing automation, expansion to meet the demand and technological innovations are the factors responsible for the growth of this market.
Some of the key players in the digital multimeter market are Shen Zhen Victor Hi-tech, Fluke, UNI-T, Xinling, HIOKI, Agilent, Atten Technology, MASTECH, Proskit, Leierda, B&K Precision, FLIR, Amprobe, Triplett, AEMC and Klein Tools.
In April 2019, Gossen Metrawatt launched a new series of digital multimeters named Metraline multimeters. This new product includes autoblocking sockets for safety and is secure according to measuring categories CAT III (600 V) or CAT IV (300 V).
This study predicts revenue growth at global, national, and country levels from 2020 to 2027. This report has segmented the market based on below-mentioned segments:
Based on type:
Based on ranging type:
Based on the type application:
Based on the type of regions:
Report Description:
The market estimates have been evaluated by considering the effect of different political, economic, social, technological and legal factors which are based on our extensive secondary research, primary research, and in-house databases.
1. Introduction
1.1. Objectives of the Study
1.2. Market Definition
1.3. Research Scope
1.4. Currency
1.5. Key Target Audience
2. Research Methodology and Assumptions
3. Executive Summary
4. Premium Insights
4.1. Porter’s Five Forces Analysis
4.2. Value Chain Analysis
4.3. Top Investment Pockets
4.3.1. Market Attractiveness Analysis By Type
4.3.2. Market Attractiveness Analysis Ranging Type
4.3.3. Market Attractiveness Analysis By Application
4.3.4. Market Attractiveness Analysis By Region
4.4. Industry Trends
5. Market Dynamics
5.1. Market Evaluation
5.2. Drivers
5.3. Restrains
5.4. Opportunities
5.5. Challenges
6. Global Digital Multimeter Market Analysis and Forecast, By Type
6.1. Segment Overview
6.2. Handheld
6.3. Bench-top
6.4. Mounted
7. Global Digital Multimeter Market Analysis and Forecast, Ranging Type
7.1. Segment Overview
7.2. Auto-Ranging
7.3. Manual
8. Global Digital Multimeter Market Analysis and Forecast, By Application
8.1. Segment Overview.
8.2. Consumer electronics & appliances
8.3. Energy
8.4. Automotive
8.5. Medical device
8.6. Manufacturing
8.7. Others
9. Global Digital Multimeter Market Analysis and Forecast, By Regional Analysis
9.1. Segment Overview
9.2. North America
9.2.1. U.S.
9.2.2. Canada
9.2.3. Mexico
9.3. Europe
9.3.1. Germany
9.3.2. France
9.3.3. U.K.
9.3.4. Italy
9.3.5. Spain
9.4. Asia-Pacific
9.4.1. Japan
9.4.2. China
9.4.3. India
9.5. South America
9.5.1. Brazil
9.6. Middle East and Africa
9.6.1. UAE
9.6.2. South Africa
10. Global Digital Multimeter Market-Competitive Landscape
10.1. Overview
10.2. Market Share of Key Players in Global Digital Multimeter Market
10.2.1. Global Company Market Share
10.2.2. North America Company Market Share
10.2.3. Europe Company Market Share
10.2.4. APAC Company Market Share
10.3. Competitive Situations and Trends
10.3.1. Product Launches and Developments
10.3.2. Partnerships, Collaborations, and Agreements
10.3.3. Mergers & Acquisitions
10.3.4. Expansions
11. Company Profiles
11.1. Shen Zhen Victor Hi-tech
11.1.1. Business Overview
11.1.2. Company Snapshot
11.1.3. Company Market Share Analysis
11.1.4. Company Product Portfolio
11.1.5. Recent Developments
11.1.6. SWOT Analysis
11.2. Fluke
11.2.1. Business Overview
11.2.2. Company Snapshot
11.2.3. Company Market Share Analysis
11.2.4. Company Product Portfolio
11.2.5. Recent Developments
11.2.6. SWOT Analysis
11.3. UNI-T
11.3.1. Business Overview
11.3.2. Company Snapshot
11.3.3. Company Market Share Analysis
11.3.4. Company Product Portfolio
11.3.5. Recent Developments
11.3.6. SWOT Analysis
11.4. LXinling
11.4.1. Business Overview
11.4.2. Company Snapshot
11.4.3. Company Market Share Analysis
11.4.4. Company Product Portfolio
11.4.5. Recent Developments
11.4.6. SWOT Analysis
11.5. HIOKO
11.5.1. Business Overview
11.5.2. Company Snapshot
11.5.3. Company Market Share Analysis
11.5.4. Company Product Portfolio
11.5.5. Recent Developments
11.5.6. SWOT Analysis
11.6. Aglient
11.6.1. Business Overview
11.6.2. Company Snapshot
11.6.3. Company Market Share Analysis
11.6.4. Company Product Portfolio
11.6.5. Recent Developments
11.6.6. SWOT Analysis
11.7. Atten Technology
11.7.1. Business Overview
11.7.2. Company Snapshot
11.7.3. Company Market Share Analysis
11.7.4. Company Product Portfolio
11.7.5. Recent Developments
11.7.6. SWOT Analysis
11.8. MASTECH
11.8.1. Business Overview
11.8.2. Company Snapshot
11.8.3. Company Market Share Analysis
11.8.4. Company Product Portfolio
11.8.5. Recent Developments
11.8.6. SWOT Analysis
11.9. Proskit
11.9.1. Business Overview
11.9.2. Company Snapshot
11.9.3. Company Market Share Analysis
11.9.4. Company Product Portfolio
11.9.5. Recent Developments
11.9.6. SWOT Analysis
11.10. Leierda
11.10.1. Business Overview
11.10.2. Company Snapshot
11.10.3. Company Market Share Analysis
11.10.4. Company Product Portfolio
11.10.5. Recent Developments
11.10.6. SWOT Analysis
11.11. B&K Precision
11.11.1. Business Overview
11.11.2. Company Snapshot
11.11.3. Company Market Share Analysis
11.11.4. Company Product Portfolio
11.11.5. Recent Developments
11.11.6. SWOT Analysis
11.12. FLIR
11.12.1. Business Overview
11.12.2. Company Snapshot
11.12.3. Company Market Share Analysis
11.12.4. Company Product Portfolio
11.12.5. Recent Developments
11.12.6. SWOT Analysis
11.13. Amprobe
11.13.1. Business Overview
11.13.2. Company Snapshot
11.13.3. Company Market Share Analysis
11.13.4. Company Product Portfolio
11.13.5. Recent Developments
11.13.6. SWOT Analysis
11.14. Triplett
11.14.1. Business Overview
11.14.2. Company Snapshot
11.14.3. Company Market Share Analysis
11.14.4. Company Product Portfolio
11.14.5. Recent Developments
11.14.6. SWOT Analysis
11.15. AEMC
11.15.1. Business Overview
11.15.2. Company Snapshot
11.15.3. Company Market Share Analysis
11.15.4. Company Product Portfolio
11.15.5. Recent Developments
11.15.6. SWOT Analysis
11.16. Klein Tools
11.16.1. Business Overview
11.16.2. Company Snapshot
11.16.3. Company Market Share Analysis
11.16.4. Company Product Portfolio
11.16.5. Recent Developments
11.16.6. SWOT Analysis
List of Table
1. Global Digital Multimeter Market, By Type, 2017–2027(USD Billion)
2. Global Handheld Market, By Region, 2017–2027(USD Billion)
3. Global Bench-top Market, By Region, 2017–2027(USD Billion)
4. Global Mounted Market, By Region, 2017–2027(USD Billion)
5. Global Digital Multimeter Market, Ranging Type, 2017–2027(USD Billion)
6. Global Auto-Ranging Digital Multimeter Market, By Region, 2017–2027(USD Billion)
7. Global Manual Digital Multimeter Market, By Region, 2017–2027(USD Billion)
8. Global Digital Multimeter Market, By Application, 2017–2027(USD Billion)
9. Global Consumer electronics & Application Market, By Region, 2017–2027(USD Billion)
10. Global Energy Digital Multimeter Market, By Region, 2017–2027(USD Billion)
11. Global Automotive Digital Multimeter Market, By Region, 2017–2027(USD Billion)
12. Global Medical Device Digital Multimeter Market, By Region, 2017–2027(USD Billion)
13. Global Manufacturing Digital Multimeter Market, By Region, 2017–2027(USD Billion)
14. Global Others Digital Multimeter Market, By Region, 2017–2027(USD Billion)
15. Global Digital Multimeter Market, By Region, 2017–2027(USD Billion)
16. Global Specialist Stores Digital Multimeter Market, By Region, 2017–2027(USD Billion)
17. Global Others Digital Multimeter Market, By Region, 2017–2027(USD Billion)
18. Global Digital Multimeter Market, By Region, 2017–2027(USD Billion)
19. Global Digital Multimeter Market, By North America, 2017–2027(USD Billion)
20. North America Digital Multimeter Market, By Type, 2017–2027(USD Billion)
21. North America Digital Multimeter Market, Ranging Type, 2017–2027(USD Billion)
22. North America Digital Multimeter Market, By Application, 2017–2027(USD Billion)
23. U.S. Digital Multimeter Market, By Type, 2017–2027(USD Billion)
24. U.S. Digital Multimeter Market, Ranging Type, 2017–2027(USD Billion)
25. U.S. Digital Multimeter Market, By Application, 2017–2027(USD Billion)
26. Canada Digital Multimeter Market, By Type, 2017–2027(USD Billion)
27. Canada Digital Multimeter Market, Ranging Type, 2017–2027(USD Billion)
28. Canada Digital Multimeter Market, By Application, 2017–2027(USD Billion)
29. Mexico Digital Multimeter Market, By Type, 2017–2027(USD Billion)
30. Mexico Digital Multimeter Market, Ranging Type, 2017–2027(USD Billion)
31. Mexico Digital Multimeter Market, By Application, 2017–2027(USD Billion)
32. Europe Digital Multimeter Market, By Type, 2017–2027(USD Billion)
33. Europe Digital Multimeter Market, Ranging Type, 2017–2027(USD Billion)
34. Europe Digital Multimeter Market, By Application, 2017–2027(USD Billion)
35. Germany Digital Multimeter Market, By Type, 2017–2027(USD Billion)
36. Germany Digital Multimeter Market, Ranging Type, 2017–2027(USD Billion)
37. Germany Digital Multimeter Market, By Application, 2017–2027(USD Billion)
38. France Digital Multimeter Market, By Type, 2017–2027(USD Billion)
39. France Digital Multimeter Market, Ranging Type, 2017–2027(USD Billion)
40. France Digital Multimeter Market, By Application, 2017–2027(USD Billion)
41. U.K. Digital Multimeter Market, By Type, 2017–2027(USD Billion)
42. U.K. Digital Multimeter Market, Ranging Type, 2017–2027(USD Billion)
43. U.K. Digital Multimeter Market, By Application, 2017–2027(USD Billion)
44. Italy Digital Multimeter Market, By Type, 2017–2027(USD Billion)
45. Italy Digital Multimeter Market, Ranging Type, 2017–2027(USD Billion)
46. Italy Digital Multimeter Market, By Application, 2017–2027(USD Billion)
47. Spain Digital Multimeter Market, By Type, 2017–2027(USD Billion)
48. Spain Digital Multimeter Market, Ranging Type, 2017–2027(USD Billion)
49. Spain Digital Multimeter Market, By Application, 2017–2027(USD Billion)
50. Asia Pacific Digital Multimeter Market, By Type, 2017–2027(USD Billion)
51. Asia Pacific Digital Multimeter Market, Ranging Type, 2017–2027(USD Billion)
52. Asia Pacific Digital Multimeter Market, By Application, 2017–2027(USD Billion)
53. Japan Digital Multimeter Market, By Type, 2017–2027(USD Billion)
54. Japan Digital Multimeter Market, Ranging Type, 2017–2027(USD Billion)
55. Japan Digital Multimeter Market, By Application, 2017–2027(USD Billion)
56. China Digital Multimeter Market, By Type, 2017–2027(USD Billion)
57. China Digital Multimeter Market, Ranging Type, 2017–2027(USD Billion)
58. China Digital Multimeter Market, By Application, 2017–2027(USD Billion)
59. India Digital Multimeter Market, By Type, 2017–2027(USD Billion)
60. India Digital Multimeter Market, Ranging Type, 2017–2027(USD Billion)
61. India Digital Multimeter Market, By Application, 2017–2027(USD Billion)
62. South America Digital Multimeter Market, By Type, 2017–2027(USD Billion)
63. South America Digital Multimeter Market, Ranging Type, 2017–2027(USD Billion)
64. South America Digital Multimeter Market, By Application, 2017–2027(USD Billion)
65. Brazil Digital Multimeter Market, By Type, 2017–2027(USD Billion)
66. Brazil Digital Multimeter Market, Ranging Type, 2017–2027(USD Billion)
67. Brazil Digital Multimeter Market, By Application, 2017–2027(USD Billion)
68. Middle East and Africa Digital Multimeter Market, By Type, 2017–2027(USD Billion)
69. Middle East and Africa Digital Multimeter Market, Ranging Type, 2017–2027(USD Billion)
70. Middle East and Africa Digital Multimeter Market, By Application, 2017–2027(USD Billion)
71. UAE Digital Multimeter Market, By Type, 2017–2027(USD Billion)
72. UAE Digital Multimeter Market, Ranging Type, 2017–2027(USD Billion)
73. UAE Digital Multimeter Market, By Application, 2017–2027(USD Billion)
74. South Africa Digital Multimeter Market, By Type, 2017–2027(USD Billion)
75. South Africa Digital Multimeter Market, Ranging Type, 2017–2027(USD Billion)
76. South Africa Digital Multimeter Market, By Application, 2017–2027(USD Billion)
List of Figures
1. Global Digital Multimeter Market Segmentation
2. Digital Multimeter Market: Research Methodology
3. Market Size Estimation Methodology: Bottom-Up Approach
4. Market Size Estimation Methodology: Top-Down Approach
5. Data Triangulation
6. Porter’s Five Forces Analysis
7. Value Chain Analysis
8. Global Digital Multimeter Market Attractiveness Analysis By Type
9. Global Digital Multimeter Market Attractiveness Analysis Ranging Type
10. Global Digital Multimeter Market Attractiveness Analysis By Application
11. Global Digital Multimeter Market Attractiveness Analysis By Region
12. Global Digital Multimeter Market: Dynamics
13. Global Digital Multimeter Market Share By Type (2019 & 2027)
14. Global Digital Multimeter Market Share Ranging Type (2019 & 2027)
15. Global Digital Multimeter Market Share By Application (2019 & 2027)
16. Global Digital Multimeter Market Share by Regions (2019 & 2027)
17. Global Digital Multimeter Market Share by Company (2019)
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