Global Digital Multimeter Market Size study & Forecast, by Type, by Ranging Type, by Application and Regional Analysis, 2022-2029

Description

List of Tables

Global Digital Multimeter Market is valued at approximately USD XX billion in 2021 and is anticipated to grow with a healthy growth rate of more than XX% over the forecast period 2022-2029. Digital multimeters are a kind of multimeters that are used to measure quantities like capacitance, wattage, current, voltage and resistance. The measured values are displayed on the device's digital display on the many types of these instruments, such as mini digital multimeters and automotive multimeters, so that novice users, amateurs, and professionals can easily read them. These devices, which fall under the category of test and measurement instruments, can be used to examine the functionality of various components of machinery, including printed circuit boards, electric circuits, fuses, car batteries, HVAC units, and semiconductors. The measuring range must be manually selected in certain digital multimeters, whereas it is automatically selected in others. The digital multimeter market is expected to experience growth during the forecast period, due to their higher precision in comparison to analogue testers. Because the digital multimeter's display can show more digits due to its excellent precision, it can support greater resolutions. Due to their easy-to-read digital displays, digital multimeters are much less prone to reading errors. However, while analogue testers display data using a needle, which can be read correctly, there is a higher probability that users will make mistakes when reading those values. On digital multimeters, such errors, known as reading errors, are avoided. Also, rising penetration of electronic devices across several end-use industries is anticipated to support market growth during the forecast period.

Furthermore, the growing demand for electronic devices is anticipated to create a lucrative demand ofe digital multimeters for electronic testing and measurement of devices. According to Statista, in 2017, the consumer electronics and household electronics market was valued at USD 0.43 trillion; in 2022 the number reached USD 0.76 trillion and it is anticipated to reach USD 1.49 trillion by 2027. As a result, the rising electronics market is anticipated to support the market's growth during the forecast period. Additionally, rising adoption and implementation of Internet of Things (IoT) and Industry 4.0 is anticipated to create lucrative opportunities for the market during forecast period. However, the availability of substitutes stifles market growth throughout the forecast period of 2022-2029.

The key regions considered for the Global Digital Multimeter Market study include Asia Pacific, North America, Europe, Latin America, and Rest of the World. Asia Pacific is the dominating region across the world in terms of market share, owing to the presence of key market players, rising demand for electronics equipment and growing advancement in electronic industry. Whereas, Asia Pacific is also anticipated to exhibit the highest growth rate over the forecast period, owing to factors such as rising demand for consumer electronics devices, investment and expansion in the region by global players would create lucrative growth prospects for the Digital Multimeter market across Asia Pacific region.

Major market players included in this report are:

Keysight Technologies. (US)

Gossen Metrawatt (Germany)

National Instruments (US)

Tektronix (US)

Yokogawa Electric Corporation (Japan)

Fluke Corporation (US)

FLIR System (US)

B&K Precision (US)

Chauvin Arnoux (France)

Hioki E.E. Corporation (Japan)

Recent Developments in the Market:

In Sept. 2020, Gossen Metrawatt developed, DAkkS-calibrated multimeter generation, contributing a device for the automotive sector. The new METRAHIT IM E DRIVE is an all-in-one tool for servicing, maintaining, and diagnosing electric machines, drives, and systems. It combines all necessary test and measurement operations.

Global Digital Multimeter Market Report Scope:

Historical Data: 2019-2020-2021

Base Year for Estimation: 2021

Forecast period: 2022-2029

Report Coverage: Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends

Segments Covered: Type, Ranging Type, Application, Region

Regional Scope: North America; Europe; Asia Pacific; Latin America; Rest of the World

Customization Scope: Free report customization (equivalent up to 8 analyst's working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below.

By Type:

Handheld
Benchtop
Mounted

By Ranging Type:

Auto-ranging
Manual

By Application:

Automotive
Energy
Consumer Electronics & Appliances
Medical Device Manufacturing
Others

By Region:

North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
RoLA
Rest of the World

Chapter 1. Executive Summary

1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2019-2029 (USD Billion)
- 1.2.1. Digital Multimeter Market, by Region, 2019-2029 (USD Billion)
- 1.2.2. Digital Multimeter Market, by Type, 2019-2029 (USD Billion)
- 1.2.3. Digital Multimeter Market, by Ranging Type, 2019-2029 (USD Billion)
- 1.2.4. Digital Multimeter Market, by Application, 2019-2029 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption

Chapter 2. Global Digital Multimeter Market Definition and Scope

2.1. Objective of the Study
2.2. Market Definition & Scope
- 2.2.1. Scope of the Study
- 2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates

Chapter 3. Global Digital Multimeter Market Dynamics

3.1. Digital Multimeter Market Impact Analysis (2019-2029)
- 3.1.1. Market Drivers
  - 3.1.1.1. Rising Penetration of Electronic Devices Across End-Use Industries
  - 3.1.1.2. Higher precision as compared to analog testers
- 3.1.2. Market Challenges
  - 3.1.2.1. Availability of substitutes
- 3.1.3. Market Opportunities
  - 3.1.3.1. Rising adoption and implementation of Internet of Things (IoT) and Industry 4.0

Chapter 4. Global Digital Multimeter Market Industry Analysis

4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
4.2. Futuristic Approach to Porter's 5 Force Model (2019-2029)
4.3. PEST Analysis
- 4.3.1. Political
- 4.3.2. Economical
- 4.3.3. Social
- 4.3.4. Technological
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. Industry Experts Prospective
4.7. Analyst Recommendation & Conclusion

Chapter 5. Risk Assessment: COVID-19 Impact

5.1. Assessment of the overall impact of COVID-19 on the industry
5.2. Pre COVID-19 and post COVID-19 Market scenario

Chapter 6. Global Digital Multimeter Market, by Type

6.1. Market Snapshot
6.2. Global Digital Multimeter Market by Type, Performance - Potential Analysis
6.3. Global Digital Multimeter Market Estimates & Forecasts by Type 2019-2029 (USD Billion)
6.4. Digital Multimeter Market, Sub Segment Analysis
- 6.4.1. Handheld
- 6.4.2. Benchtop
- 6.4.3. Mounted

Chapter 7. Global Digital Multimeter Market, by Ranging Type

7.1. Market Snapshot
7.2. Global Digital Multimeter Market by Ranging Type, Performance - Potential Analysis
7.3. Global Digital Multimeter Market Estimates & Forecasts by Ranging Type 2019-2029 (USD Billion)
7.4. Digital Multimeter Market, Sub Segment Analysis
- 7.4.1. Auto-ranging
- 7.4.2. Manual

Chapter 8. Global Digital Multimeter Market, by Application

8.1. Market Snapshot
8.2. Global Digital Multimeter Market by Application, Performance - Potential Analysis
8.3. Global Digital Multimeter Market Estimates & Forecasts by Application 2019-2029 (USD Billion)
8.4. Digital Multimeter Market, Sub Segment Analysis
- 8.4.1. Automotive
- 8.4.2. Energy
- 8.4.3. Consumer Electronics & Appliances
- 8.4.4. Medical Device Manufacturing
- 8.4.5. Others

Chapter 9. Global Digital Multimeter Market, Regional Analysis

9.1. Digital Multimeter Market, Regional Market Snapshot
9.2. North America Digital Multimeter Market
- 9.2.1. U.S. Digital Multimeter Market
  - 9.2.1.1. Type breakdown estimates & forecasts, 2019-2029
  - 9.2.1.2. Ranging Type breakdown estimates & forecasts, 2019-2029
  - 9.2.1.3. Application breakdown estimates & forecasts, 2019-2029
- 9.2.2. Canada Digital Multimeter Market
9.3. Europe Digital Multimeter Market Snapshot
- 9.3.1. U.K. Digital Multimeter Market
- 9.3.2. Germany Digital Multimeter Market
- 9.3.3. France Digital Multimeter Market
- 9.3.4. Spain Digital Multimeter Market
- 9.3.5. Italy Digital Multimeter Market
- 9.3.6. Rest of Europe Digital Multimeter Market
9.4. Asia-Pacific Digital Multimeter Market Snapshot
- 9.4.1. China Digital Multimeter Market
- 9.4.2. India Digital Multimeter Market
- 9.4.3. Japan Digital Multimeter Market
- 9.4.4. Australia Digital Multimeter Market
- 9.4.5. South Korea Digital Multimeter Market
- 9.4.6. Rest of Asia Pacific Digital Multimeter Market
9.5. Latin America Digital Multimeter Market Snapshot
- 9.5.1. Brazil Digital Multimeter Market
- 9.5.2. Mexico Digital Multimeter Market
- 9.5.3. Rest of Latin America Digital Multimeter Market
9.6. Rest of The World Digital Multimeter Market

Chapter 10. Competitive Intelligence

10.1. Top Market Strategies
10.2. Company Profiles
- 10.2.1. Keysight Technologies. (US)
  - 10.2.1.1. Key Information
  - 10.2.1.2. Overview
  - 10.2.1.3. Financial (Subject to Data Availability)
  - 10.2.1.4. Product Summary
  - 10.2.1.5. Recent Developments
- 10.2.2. Gossen Metrawatt (Germany)
- 10.2.3. National Instruments (US)
- 10.2.4. Tektronix (US)
- 10.2.5. Yokogawa Electric Corporation (Japan)
- 10.2.6. Fluke Corporation (US)
- 10.2.7. FLIR System (US)
- 10.2.8. B&K Precision (US)
- 10.2.9. Chauvin Arnoux (France)
- 10.2.10. Hioki E.E. Corporation (Japan)

Chapter 11. Research Process

11.1. Research Process
- 11.1.1. Data Mining
- 11.1.2. Analysis
- 11.1.3. Market Estimation
- 11.1.4. Validation
- 11.1.5. Publishing
11.2. Research Attributes
11.3. Research Assumption

LIST OF TABLES

TABLE 1. Global Digital Multimeter Market, report scope
TABLE 2. Global Digital Multimeter Market estimates & forecasts by Region 2019-2029 (USD Billion)
TABLE 3. Global Digital Multimeter Market estimates & forecasts by Type 2019-2029 (USD Billion)
TABLE 4. Global Digital Multimeter Market estimates & forecasts by Ranging Type 2019-2029 (USD Billion)
TABLE 5. Global Digital Multimeter Market estimates & forecasts by Application 2019-2029 (USD Billion)
TABLE 6. Global Digital Multimeter Market by segment, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 7. Global Digital Multimeter Market by region, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 8. Global Digital Multimeter Market by segment, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 9. Global Digital Multimeter Market by region, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 10. Global Digital Multimeter Market by segment, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 11. Global Digital Multimeter Market by region, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 12. Global Digital Multimeter Market by segment, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 13. Global Digital Multimeter Market by region, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 14. Global Digital Multimeter Market by segment, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 15. Global Digital Multimeter Market by region, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 16. U.S. Digital Multimeter Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 17. U.S. Digital Multimeter Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 18. U.S. Digital Multimeter Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 19. Canada Digital Multimeter Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 20. Canada Digital Multimeter Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 21. Canada Digital Multimeter Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 22. UK Digital Multimeter Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 23. UK Digital Multimeter Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 24. UK Digital Multimeter Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 25. Germany Digital Multimeter Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 26. Germany Digital Multimeter Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 27. Germany Digital Multimeter Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 28. France Digital Multimeter Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 29. France Digital Multimeter Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 30. France Digital Multimeter Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 31. Italy Digital Multimeter Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 32. Italy Digital Multimeter Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 33. Italy Digital Multimeter Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 34. Spain Digital Multimeter Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 35. Spain Digital Multimeter Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 36. Spain Digital Multimeter Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 37. RoE Digital Multimeter Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 38. RoE Digital Multimeter Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 39. RoE Digital Multimeter Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 40. China Digital Multimeter Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 41. China Digital Multimeter Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 42. China Digital Multimeter Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 43. India Digital Multimeter Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 44. India Digital Multimeter Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 45. India Digital Multimeter Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 46. Japan Digital Multimeter Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 47. Japan Digital Multimeter Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 48. Japan Digital Multimeter Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 49. South Korea Digital Multimeter Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 50. South Korea Digital Multimeter Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 51. South Korea Digital Multimeter Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 52. Australia Digital Multimeter Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 53. Australia Digital Multimeter Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 54. Australia Digital Multimeter Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 55. RoAPAC Digital Multimeter Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 56. RoAPAC Digital Multimeter Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 57. RoAPAC Digital Multimeter Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 58. Brazil Digital Multimeter Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 59. Brazil Digital Multimeter Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 60. Brazil Digital Multimeter Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 61. Mexico Digital Multimeter Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 62. Mexico Digital Multimeter Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 63. Mexico Digital Multimeter Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 64. RoLA Digital Multimeter Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 65. RoLA Digital Multimeter Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 66. RoLA Digital Multimeter Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 67. Row Digital Multimeter Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 68. Row Digital Multimeter Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 69. Row Digital Multimeter Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 70. List of secondary sources, used in the study of global Digital Multimeter Market
TABLE 71. List of primary sources, used in the study of global Digital Multimeter Market
TABLE 72. Years considered for the study
TABLE 73. Exchange rates considered

List of tables and figures and dummy in nature, final lists may vary in the final deliverable

LIST OF FIGURES

List of figures

FIG 1. Global Digital Multimeter Market, research methodology
FIG 2. Global Digital Multimeter Market, Market estimation techniques
FIG 3. Global Market size estimates & forecast methods
FIG 4. Global Digital Multimeter Market, key trends 2021
FIG 5. Global Digital Multimeter Market, growth prospects 2022-2029
FIG 6. Global Digital Multimeter Market, porters 5 force model
FIG 7. Global Digital Multimeter Market, pest analysis
FIG 8. Global Digital Multimeter Market, value chain analysis
FIG 9. Global Digital Multimeter Market by segment, 2019 & 2029 (USD Billion)
FIG 10. Global Digital Multimeter Market by segment, 2019 & 2029 (USD Billion)
FIG 11. Global Digital Multimeter Market by segment, 2019 & 2029 (USD Billion)
FIG 12. Global Digital Multimeter Market by segment, 2019 & 2029 (USD Billion)
FIG 13. Global Digital Multimeter Market by segment, 2019 & 2029 (USD Billion)
FIG 14. Global Digital Multimeter Market, regional snapshot 2019 & 2029
FIG 15. North America Digital Multimeter Market 2019 & 2029 (USD Billion)
FIG 16. Europe Digital Multimeter Market 2019 & 2029 (USD Billion)
FIG 17. Asia Pacific Digital Multimeter Market 2019 & 2029 (USD Billion)
FIG 18. Latin America Digital Multimeter Market 2019 & 2029 (USD Billion)
FIG 19. Global Digital Multimeter Market, company Market share analysis (2021)