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PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1424360
PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1424360
Precision Meter Market, By Type of Measurement, By Technology, By Application, By Region
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PAGES: 165 Pages
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Global precision meter market size is estimated to be valued at US$ 8.68 Bn in 2023 and is expected to reach US$ 14.1 Bn by 2030, exhibiting a compound annual growth rate (CAGR) of 7.2% from 2023 to 2030.
| Report Coverage | Report Details | ||
|---|---|---|---|
| Base Year: | 2022 | Market Size in 2023/2024: | US$ 8.68 Bn |
| Historical Data for: | 2017 to 2021 | Forecast Period: | 2023 - 2030 |
| Forecast Period 2023/2024 to 2030/2031 CAGR: | 7.20% | 2030/2031 Value Projection: | US$ 14.1 Bn |
Figure 1. Global Precision Meter Market Share (%), By Region, 2023
The global precision meter market has been witnessing significant growth over the past few years owing to burgeoning demand from various industries including automotive, healthcare, electronics manufacturing and construction. Precision meters are used to measure different physical parameters like volume, flow, pressure, weight and temperature with high accuracy. Advancements in sensor technology coupled with automation across industrial sectors have fuelled the adoption of precision meters. The growing emphasis on quality control and conformity to standards has further augmented the need for precision measurement equipment. Additionally, stringent regulations governing industries have mandated deployment of precision equipment's to ensure process integrity is maintained. The market is expected to grow substantially in the coming years due to rising investments in industry 4.0 and IoT based solutions that leverage precision sensors and meters.
Market Dynamics
Global precision meter market is expected to witness notable growth during the forecast period due to several drivers such as growing automation trend across different industries, rising need for calibrated and consistent measurements, increasing focus on quality control and regulatory compliance. Furthermore, advancements in measurement technologies, continuous innovations led by major players, and growing applications in healthcare monitoring are likely to create new opportunities in coming years. However, high costs associated with precision meters may negatively impact the market demand to some extent. Also, trade barriers and political uncertainty across few regions are expected to restraint the precision meter market growth.
Key features of the study:
- This report provides in-depth analysis of the global precision meter market, and provides market size (US$ Bn) and compound annual growth rate (CAGR %) for the forecast period (2023-2030), considering 2022 as the base year
- It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
- It profiles key players in the global precision meter market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies
- Key companies covered as a part of this study include Keysight Technologies, Fluke Corporation (Fortive Corporation), Rohde & Schwarz, Yokogawa Electric Corporation, Agilent Technologies, Anritsu Corporation, Tektronix (Fortive Corporation), EXFO Inc., B&K Precision Corporation, Hioki E.E. Corporation, Chauvin Arnoux Group,, AMETEK, Inc., National Instruments Corporation, Gossen Metrawatt, and Keithley Instruments (Tektronix).
- Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
- Global precision meter market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
- Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global precision meter market
Detailed Segmentation:
- By Type of Measurement
- Voltage Meters
- Current Meters
- Power Meters
- Frequency Meters
- Energy Meters
- Temperature Meters
- Others
- By Technology
- Analog Meters
- Digital Meters
- Smart Meters
- By End User
- Electrical and Electronics
- Automotive
- Aerospace and Defense
- Energy and Utilities
- Manufacturing
- Healthcare
- Others
- By Geography:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
- Company Profiles:
- Keysight Technologies
- Fluke Corporation (Fortive Corporation)
- Rohde & Schwarz
- Yokogawa Electric Corporation
- Agilent Technologies
- Anritsu Corporation
- Tektronix (Fortive Corporation)
- EXFO Inc.
- B&K Precision Corporation
- Hioki E.E. Corporation
- Chauvin Arnoux Group
- AMETEK, Inc.
- National Instruments Corporation
- Gossen Metrawatt
- Keithley Instruments (Tektronix)
Product Code: CMI5967
Table of Contents:
1. Research Objectives and Assumptions
- Research Objectives
- Assumptions
- Abbreviations
2. Market Purview
- Report Description
- Market Definition and Scope
- Executive Summary
- Market Snippet, By Type of Measurement
- Market Snippet, By Technology
- Market Snippet, By End User
- Market Snippet, By Region
- Coherent Opportunity Map (COM)
3. Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Advancements in sensor and measurement technologies
- Increasing automation and digitization
- Restraints
- Complex installation and maintenance
- Compatibility and integration challenges
- Opportunities
- Expansion in emerging industries
- Integration with smart grid and energy management systems
- Key Highlights
- Regulatory Scenario
- Recent Trends
- Product Launches/Approvals
- PEST Analysis
- PORTER's Analysis
- Mergers, Acquisitions, and Collaborations
4. Global Precision Meter Market - Impact of Coronavirus (COVID-19) Pandemic
- COVID-19 Epidemiology
- Supply Side and Demand Side Analysis
- Economic Impact
5. Global Precision Meter Market, By Type of Measurement, 2017-2030, (US$ Bn)
- Introduction
- Market Share Analysis, 2023 and 2030 (%)
- Y-o-Y Growth Analysis, 2018 - 2030
- Segment Trends
- Voltage Meters
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Bn)
- Current Meters
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Bn)
- Power Meters
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Bn)
- Frequency Meters
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Bn)
- Energy Meters
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Bn)
- Temperature Meters
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Bn)
- Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Bn)
6. Global Precision Meter Market, By End User, 2017-2030, (US$ Bn)
- Introduction
- Market Share Analysis, 2023 and 2030 (%)
- Y-o-Y Growth Analysis, 2018 - 2030
- Segment Trends
- Electrical and Electronics
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Bn)
- Automotive
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Bn)
- Aerospace and Defense
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Bn)
- Energy and Utilities
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Bn)
- Manufacturing
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Bn)
- Healthcare
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Bn)
- Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Bn)
7. Global Precision Meter Market, By Technology, 2017-2030, (US$ Bn)
- Introduction
- Market Share Analysis, 2023 and 2030 (%)
- Y-o-Y Growth Analysis, 2018 - 2030
- Segment Trends
- Analog Meters
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Bn)
- Digital Meters
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Bn)
- Smart Meters
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Bn)
8. Global Precision Meter Market, By Region, 2017-2030, (US$ Bn)
- Introduction
- Market Share Analysis, By Sub-region, 2023 and 2030 (%)
- Y-o-Y Growth Analysis, For Sub-region, 2018 -2030
- Country Trends
- North America
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Type of Measurement, 2017-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Technology, 2017-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By End User, 2017-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2017-2030,(US$ Bn)
- U.S.
- Canada
- Europe
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Type of Measurement, 2017-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Technology, 2017-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By End User, 2017-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2017-2030,(US$ Bn)
- Germany
- U.K.
- Spain
- France
- Italy
- Russia
- Rest of Europe
- Asia Pacific
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Type of Measurement, 2017-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Technology, 2017-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By End User, 2017-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2017-2030,(US$ Bn)
- China
- India
- Japan
- Australia
- South Korea
- ASEAN
- Rest of Asia Pacific
- Latin America
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Type of Measurement, 2017-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Technology, 2017-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By End-User, 2017-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2017-2030,(US$ Bn)
- Brazil
- Argentina
- Mexico
- Rest of Latin America
- Middle East & Africa
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Type of Measurement, 2017-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Technology, 2017-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By End User, 2017-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Country/Sub-region, 2017-2030,(US$ Bn)
- GCC Countries
- Israel
- South Africa
- North Africa
- Central Africa
- Rest of Middle East
9. Competitive Landscape
- Company Profile
- Keysight Technologies
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Fluke Corporation (Fortive Corporation)
- Rohde & Schwarz
- Yokogawa Electric Corporation
- Agilent Technologies
- Anritsu Corporation
- Tektronix (Fortive Corporation)
- EXFO Inc.
- B&K Precision Corporation
- Hioki E.E. Corporation
- Chauvin Arnoux Group
- AMETEK, Inc.
- National Instruments Corporation
- Gossen Metrawatt
- Keithley Instruments (Tektronix)
- Analyst Views
10. Section
- References
- Research Methodology
- About us
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