Market Research

Digital Multimeter Market Size, Share, Analysis, Growth, Trends, Industry Report 2024-2033 | Danaher Corporation, Agilent Technologies Inc., Tektronix Inc., Keysight Technologies Inc.

Overview and Scope

A digital multimeter is a device that can measure two or more electrical quantities simultaneously using a single instrument. It measures and validates a variety of electrical quantities such as voltage, current, and resistance.

Sizing and Forecast

The digital multimeter market size has grown steadily in recent years. It will grow from $1.11 billion in 2023 to $1.15 billion in 2024 at a compound annual growth rate (CAGR) of 3.6%.  The  growth in the historic period can be attributed to increased automation, electronics industry growth, telecommunications expansion, increasing number of educational and training institutions.

The digital multimeter market size is expected to see steady growth in the next few years. It will grow to $1.31 billion in 2028 at a compound annual growth rate (CAGR) of 3.3%.  The growth in the forecast period can be attributed to renewable energy sector growth, green technology initiatives, globalization and standardization, safety and compliance. Major trends in the forecast period include smart and connected multimeters, advanced measurement capabilities, remote and cloud-based data storage, rapid technological advancements.

To access more details regarding this report, visit the link:
https://www.thebusinessresearchcompany.com/report/digital-multimeter-global-market-report

The digital multimeter market covered in this report is segmented –

1) By Product Type: Handheld; Bench-Top; Mounted; Other Product Types
2) By Ranging Type: Auto-ranging; Manual
3) By Industry Vertical: Consumer Electronics; Automotive; Power Generation; Healthcare; Other Industries

Asia-Pacific was the largest region in the digital multimeter market in 2023. The regions covered in digital multimeter market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

Intrigued to explore the contents? Secure your hands-on sample copy of the report:
https://www.thebusinessresearchcompany.com/sample_request?id=12965&type=smp

Major Driver Impacting Market Growth

An increase in industrial automation is expected to propel the growth of the digital multimeter market going forward. Industrial automation refers to using robots, machines, and control systems to do tasks that humans traditionally carried out. Digital multimeters (DMMs) are used for measuring and validating electrical quantities such as voltage, current, and resistance. They are utilized in industrial automation operations to troubleshoot electrical systems and malfunctions. For instance, in February 2022, according to the International Federation of Robotics, a Germany-based non-profit organization, 3 million industrial robots are already in use in industries around the world, a 10% increase from 2021. Therefore, the increasing adoption of technology and automation in various industries is driving the growth of the digital multimeter market.

Key Industry Players
Major players in the digital multimeter market are  Danaher Corporation, Agilent Technologies Inc., Tektronix Inc., Keysight Technologies Inc., Yokogawa Electric Corporation, Milwaukee Tool, Rohde and Schwarz GmbH and Co. KG, National Instruments Corporation, Fluke Corporation, Craftsman, Adlink Technology Inc., HIOKI E.E. Corporation, Mastech Digital Inc., Greenlee Tools, Ideal Industries Inc., Teledyne LeCroy Inc., TPI Corporation, Etekcity, Giga-Tronics Incorporated, Rigol Technologies Inc., GW Instek, Amprobe, AEMC Instruments, Simpson Electric Company, Sanwa Electric Instrument Co. Ltd., B&K Precision Corporation, Extech Instruments Corporation, Chauvin Arnoux Group, Gossen Metrawatt GmbH, AstroAI Corporation, Innova Corporation.

The digital multimeter market report table of contents includes:

1. Executive Summary

2. Digital Multimeter Market Characteristics

3. Digital Multimeter Market Trends And Strategies

4. Digital Multimeter Market – Macro Economic Scenario

32. Global Digital Multimeter Market Competitive Benchmarking

33. Global Digital Multimeter Market Competitive Dashboard

34. Key Mergers And Acquisitions In The Digital Multimeter Market

35. Digital Multimeter Market Future Outlook and Potential Analysis

 

Contact Us:

The Business Research Company

Europe: +44 207 1930 708

Asia: +91 88972 63534

Americas: +1 315 623 0293

Email: info@tbrc.info

Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model

Good PR News

Recent Posts

Building-To-Grid Technology Market Expansion 2024-2033: Growth Drivers and Dynamics

The building-to-grid technology global market report 2024 from The Business Research Company provides comprehensive market…

2 days ago

Automatic Bread Machine Market Outlook 2024-2033: Trends and Projections

The automatic bread machine global market report 2024 from The Business Research Company provides comprehensive…

2 days ago

Global Acrylic Surface Coating Market Overview 2024: Size, Growth Rate, and Segments

The acrylic surface coating global market report 2024 from The Business Research Company provides comprehensive…

2 days ago

Vehicle-To-Infrastructure (V2I) Communication Market 2024-2033: Technological Advancements, Competitive Landscape and Strategies

The vehicle-to-infrastructure (v2i) communication global market report 2024 from The Business Research Company provides comprehensive…

2 days ago

Global Solvent-Based Inks Market Analysis 2024: Size Forecast and Growth Prospects

The solvent-based inks global market report 2024 from The Business Research Company provides comprehensive market…

2 days ago

Remote Browser Isolation Market Expansion 2024-2033: Growth Drivers and Dynamics

The remote browser isolation global market report 2024 from The Business Research Company provides comprehensive…

2 days ago