Global Multimeters Market Growth 2023-2029

Global Multimeters Market Growth 2023-2029

Product Code:454871

Published Date: Feb 08,2023

Pages: 118

Region: Global

Category: Machinery & Equipment

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A multimeter or a multitester, also known as a VOM (volt-ohm-milliammeter), is an electronic measuring instrument that combines several measurement functions in one unit. A typical multimeter can measure voltage, current, and resistance. Analog multimeters use a microammeter with a moving pointer to display readings. Digital multimeters (DMM, DVOM) have a numeric display, and may also show a graphical bar representing the measured value. Digital multimeters are now far more common due to their cost and precision. It is a standard diagnostic tool for technicians in the electrical/electronic industries.

LPI (LP Information)' newest research report, the “Multimeters Industry Forecast” looks at past sales and reviews total world Multimeters sales in 2022, providing a comprehensive analysis by region and market sector of projected Multimeters sales for 2023 through 2029. With Multimeters sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Multimeters industry.

This Insight Report provides a comprehensive analysis of the global Multimeters landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Multimeters portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Multimeters market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Multimeters and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Multimeters.

The global Multimeters market size is projected to grow from US$ 1039.1 million in 2022 to US$ 1269.7 million in 2029; it is expected to grow at a CAGR of 1269.7 from 2023 to 2029.

Currently, there are plenty of producing companies in the world. The Global market main players are Fluke Corporation, Keysight, FLIR, Rohde & Schwarz, Victor, UNI-T, HIOKI, Chauvin Arnoux Group, Klein Tools, B&K Precision Corporation, CEM, Gossen Metrawatt, Prokits Industries Co., LTD, Mastech Group, GW Instek, Sata, Triplett, Leierda, Metrel d.d. and so on.

In the production market, the Largest production region is China, with the production market share is 54% and the revenue market share is 30%.

China is the largest consumption country of Multimeters, with a sales market share nearly 35%.The second region is North America, following China with the sales market share of 20%. 
Multimeters used in Industrial Manufacturing, Commercial and Public Utilities. Report data showed that 60% of the Multimeters market demand in Industrial Manufacturing. 
There are main three kinds of Multimeters, which are Handheld Type, Bench-top Type and others. Handheld Type is important in the Multimeters, with a Production market share nearly 79%.

This report presents a comprehensive overview, market shares, and growth opportunities of Multimeters market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:
Segmentation by type
    Handheld Type
    Bench-Top Type
    Others

Segmentation by application
    Industrial Manufacturing
    Commercial
    Public Utilities

This report also splits the market by region:
    Americas
        United States
        Canada
        Mexico
        Brazil
    APAC
        China
        Japan
        Korea
        Southeast Asia
        India
        Australia
    Europe
        Germany
        France
        UK
        Italy
        Russia
    Middle East & Africa
        Egypt
        South Africa
        Israel
        Turkey
        GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
    Fluke Corporation
    Keysight
    FLIR
    Rohde & Schwarz
    Victor
    UNI-T
    HIOKI
    Chauvin Arnoux Group
    Klein Tools
    B&K Precision Corporation
    CEM
    Gossen Metrawatt
    Prokits Industries Co., LTD
    Mastech Group
    GW Instek
    Sata
    Triplett
    Leierda
    Metrel d.d.

Key Questions Addressed in this Report
What is the 10-year outlook for the global Multimeters market?
What factors are driving Multimeters market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Multimeters market opportunities vary by end market size?
How does Multimeters break out type, application?
What are the influences of COVID-19 and Russia-Ukraine war?