Market Synopsis of Digital Multimeter Market
The companies such as Fluke Corporation (U.S.), Innova Electronics Corporation (U.S.), Klein Tools (U.S.), Amprobe (U.S), Mastech Digital (U.S.), are the leading manufacturers of digital multimeter in the market. Fluke Corporation announced the enhancement by enabling users to store document, and analyze individual measurements to its bench digital millimeter via FlukeView Forms software and it also increases the power of digital multimeter.
The factors that drive the growth market are the increasing adoption of electronic devices by the people. The digital multimeter are multifunctional features, dual display resolution and others. The multi-functionality digital multimeter is expected to grow with high demand in the market as it measures with high accuracy and low cost. It has certain limitations regarding its short variations in voltages may cause equipment to shut down.
The global Digital Multimeter Market are bifurcated on the basis of types, digital types, end users and region. The types are segmented into handheld, bench-top, mounted, and others. The digital types are segmented into autoranging, clamp digital, fluke digital and others. The end users are segmented automotive, manufacturing, energy industry, residential, commercial and others. The region includes North America, Europe, Asia Pacific and rest of the world.
The regional analysis of digital multimeter market is being studied for region such as Asia pacific, North America, Europe and Rest of the World. North America is one of the leading region across the world in terms of market share in digital multimeter market as it has huge demand as it is widely used in the electronics industry for electronic measurement. The digital multimeter market in Europe region is expected to witness rapid growth in the forthcoming period. Whereas, Asia-Pacific countries like China, Japan and India is an emerging market for digital multimeter market and expected to be the highest CAGR in the coming years as the companies are taking interest in targeting the digital multimeter in these market to meet the requirement of customers’ need.
The global digital multimeter market is expected to grow at USD ~1 Billion by 2023, at ~3% of CAGR between 2017 and 2023.
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The prominent players in the global digital multimeter market are – Fluke Corporation (U.S.), Innova Electronics Corporation (U.S.), Klein Tools (U.S.), Amprobe (U.S), Mastech Digital (U.S.), Extech Instrument (U.S.), UNI-T (China), Rohde & Schwarz GmbH & Co KG (Germany), Kaito Electronics, Inc. (U.S), Etekcity Corporation (U.S.) and among others.
The global digital multimeter market has been segmented on the basis of types, digital types, end users and region.
Global Digital multimeter Market By Type:
Global Digital multimeter Market By digital Types:
- Auto ranging
- Clamp Digital
- Fluke Digital
Global Digital multimeter Market By End Users:
Global Digital multimeter Market By Regions:
- North America
- Rest Of The World
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- Digital multimeter companies
- Digital multimeter providers
- Professional service providers
- Digital multimeter providers
- Research and development companies
- Market research and consulting firms
- Solution providers
- Technology standards organizations
- Technology investors
- System Integrators
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