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Digital Multimeter Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026

Market Overview:

The global digital multimeter market is expected to grow at a CAGR of around 7% during 2021-2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.

A digital multimeter is a standard diagnostic tool that is used to test electrical values such as the voltage, current and resistance in an electrical appliance. It consists of a display with buttons, a dial or a rotary switch and various input jacks in which the test leads are inserted. Also, as compared to traditionally used needle-based analog meters, the digital-variants have higher accuracy, reliability and impedance. As a result, they are extensively used for troubleshooting various electrical issues in industrial and domestic devices such as home appliances, motor controls, power supplies and wiring systems.

A thriving electronics industry, along with rapid industrialization, is the key factors driving the global market. Increasing adoption of electronic devices by consumers around the globe have augmented the demand for these devices among electrical professionals. Furthermore, technological advancements in product manufacturing have enabled the manufacturers to integrate other measuring instruments such as insulation testers and infrared thermometers with multimeters. Also, certain features such as polarization index, dielectric absorption and earth-bond resistance are being added in these devices. These features provide enhanced efficiency and user-friendly experience, thus resulting in an increasing demand for the product. Additionally, owing to their cost-effectiveness and the multi-functionality, along with their portability and dual display resolution, these devices are increasingly being preferred over ohmmeters or voltmeters. Other factors such as the rising trend of digitization are also contributing to the market growth.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global digital multimeter market report, along with forecasts for growth at the global and regional level from 2021-2026. Our report has categorized the market based on product type, functionality and end use industry.

Breakup by Product Type:

  • Handheld 
  • Bench-Top
  • Mounted
  • Others
     

Breakup by Functionality:

  • Auto Ranging
  • Clamp Digital
  • Fluke Digital
  • Others
     

Breakup by End Use Industry:

  • Automotive
  • Manufacturing
  • Energy
  • Utility
  • Others
     

Breakup by Region:

  • North America
  • Europe
  • Asia Pacific
  • Middle East and Africa
  • Latin America
     

Competitive Landscape:

The report has also analysed the competitive landscape of the market with some of the key players being Agilent Technologies, Anritsu, Danaher, Rohde & Schwarz, Tektronix, Adlink Technology, Aeroflex, Ametek, Giga-tronics, National Instruments, Rigol Technologies, Teledyne LeCroy, Teradyne and Yokagawa Electric, etc.

IMARC Group’s latest report provides a deep insight into the global digital multimeter market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the global digital multimeter market in any manner.

Report Coverage:

Report Features Details
Base Year of the Analysis 2020
Historical Period 2015-2020
Forecast Period 2021-2026
Units US$ Billion
Segment Coverage Product Type, Functionality, End Use Industry, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Companies Covered Agilent Technologies, Anritsu, Danaher, Rohde & Schwarz, Tektronix, Adlink Technology, Aeroflex, Ametek, Giga-tronics, National Instruments, Rigol Technologies, Teledyne LeCroy, Teradyne and Yokagawa Electric
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2299
Five User License: US$ 3399
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

 

Key Questions Answered in This Report:

  • How has the global digital multimeter market performed so far and how will it perform in the coming years?
  • What are the key regional markets in the global digital multimeter industry?
  • What has been the impact of COVID-19 on the global digital multimeter industry?
  • What is the breakup of the market based on the product type?
  • What is the breakup of the market based on the functionality?
  • What is the breakup of the market based on the end use industry?
  • What are the various stages in the value chain of the global digital multimeter industry?
  • What are the key driving factors and challenges in the global digital multimeter industry?
  • What is the structure of the global digital multimeter industry and who are the key players?
  • What is the degree of competition in the global digital multimeter industry?
  • What are the profit margins in the digital multimeter industry?

1    Preface
2    Scope and Methodology

    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3    Executive Summary
4    Introduction

    4.1    Overview
    4.2    Key Industry Trends
5    Global Digital Multimeter Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Breakup by Product Type
    5.5    Market Breakup by Functionality
    5.6    Market Breakup by End Use Industry
    5.7    Market Breakup by Region
    5.8    Market Forecast
6    Market Breakup by Product Type
    6.1    Handheld
        6.1.1    Market Trends
        6.1.2    Market Forecast
    6.2    Bench-Top
        6.2.1    Market Trends
        6.2.2    Market Forecast
    6.3    Mounted
        6.3.1    Market Trends
        6.3.2    Market Forecast
    6.4    Others
        6.4.1    Market Trends
        6.4.2    Market Forecast
7    Market Breakup by Functionality
    7.1    Auto Ranging
        7.1.1    Market Trends
        7.1.2    Market Forecast
    7.2    Clamp Digital
        7.2.1    Market Trends
        7.2.2    Market Forecast
    7.3    Fluke Digital
        7.3.1    Market Trends
        7.3.2    Market Forecast
    7.4    Others
        7.4.1    Market Trends
        7.4.2    Market Forecast
8    Market Breakup by End Use Industry
    8.1    Automotive
        8.1.1    Market Trends
        8.1.2    Market Forecast
    8.2    Manufacturing
        8.2.1    Market Trends
        8.2.2    Market Forecast
    8.3    Energy
        8.3.1    Market Trends
        8.3.2    Market Forecast
    8.4    Utility
        8.4.1    Market Trends
        8.4.2    Market Forecast
    8.5    Others
        8.5.1    Market Trends
        8.5.2    Market Forecast
9    Market Breakup by Region
    9.1    North America
        9.1.1    Market Trends
        9.1.2    Market Forecast
    9.2    Europe
        9.2.1    Market Trends
        9.2.2    Market Forecast
    9.3    Asia Pacific
        9.3.1    Market Trends
        9.3.2    Market Forecast
    9.4    Middle East and Africa
        9.4.1    Market Trends
        9.4.2    Market Forecast
    9.5    Latin America
        9.5.1    Market Trends
        9.5.2    Market Forecast
10    SWOT Analysis
    10.1    Overview
    10.2    Strengths
    10.3    Weaknesses
    10.4    Opportunities
    10.5    Threats
11    Value Chain Analysis
12    Porters Five Forces Analysis

    12.1    Overview
    12.2    Bargaining Power of Buyers
    12.3    Bargaining Power of Suppliers
    12.4    Degree of Competition
    12.5    Threat of New Entrants
    12.6    Threat of Substitutes
13    Price Analysis
14    Competitive Landscape

    14.1    Market Structure
    14.2    Key Players
    14.3    Profiles of Key Players
        14.3.1    Agilent Technologies
        14.3.2    Anritsu
        14.3.3    Danaher
        14.3.4    Rohde & Schwarz
        14.3.5    Tektronix
        14.3.6    Adlink Technology
        14.3.7    Aeroflex
        14.3.8    Ametek
        14.3.9    Giga-tronics
        14.3.10      National Instruments
        14.3.11      Rigol Technologies
        14.3.12      Teledyne LeCroy
        14.3.13      Teradyne
        14.3.14      Yokagawa Electric

List of Figures

Figure 1: Global: Digital Multimeter Market: Major Drivers and Challenges
Figure 2: Global: Digital Multimeter Market: Sales Value (in Billion US$), 2015 - 2020
Figure 3: Global: Digital Multimeter Market: Breakup by Product Type (in %), 2020
Figure 4: Global: Digital Multimeter Market: Breakup by Functionality (in %), 2020
Figure 5: Global: Digital Multimeter Market: Breakup by End Use Industry (in %), 2020
Figure 6: Global: Digital Multimeter Market: Breakup by Region (in %), 2020
Figure 7: Global: Digital Multimeter Market Forecast: Sales Value (in Billion US$), 2021-2026
Figure 8: Global: Digital Multimeter Industry: SWOT Analysis
Figure 9: Global: Digital Multimeter Industry: Value Chain Analysis
Figure 10: Global: Digital Multimeter Industry: Porter’s Five Forces Analysis
Figure 11: Global: Digital Multimeter (Handheld) Market: Sales Value (in Million US$), 2015 & 2020
Figure 12: Global: Digital Multimeter (Handheld) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 13: Global: Digital Multimeter (Bench-Top) Market: Sales Value (in Million US$), 2015 & 2020
Figure 14: Global: Digital Multimeter (Bench-Top) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 15: Global: Digital Multimeter (Mounted) Market: Sales Value (in Million US$), 2015 & 2020
Figure 16: Global: Digital Multimeter (Mounted) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 17: Global: Digital Multimeter (Other Product Types) Market: Sales Value (in Million US$), 2015 & 2020
Figure 18: Global: Digital Multimeter (Other Product Types) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 19: Global: Digital Multimeter (Auto Ranging) Market: Sales Value (in Million US$), 2015 & 2020
Figure 20: Global: Digital Multimeter (Auto Ranging) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 21: Global: Digital Multimeter (Clamp Digital) Market: Sales Value (in Million US$), 2015 & 2020
Figure 22: Global: Digital Multimeter (Clamp Digital) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 23: Global: Digital Multimeter (Fluke Digital) Market: Sales Value (in Million US$), 2015 & 2020
Figure 24: Global: Digital Multimeter (Fluke Digital) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 25: Global: Digital Multimeter (Other Functionalities) Market: Sales Value (in Million US$), 2015 & 2020
Figure 26: Global: Digital Multimeter (Other Functionalities) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 27: Global: Digital Multimeter (Automotive) Market: Sales Value (in Million US$), 2015 & 2020
Figure 28: Global: Digital Multimeter (Automotive) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 29: Global: Digital Multimeter (Manufacturing) Market: Sales Value (in Million US$), 2015 & 2020
Figure 30: Global: Digital Multimeter (Manufacturing) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 31: Global: Digital Multimeter (Energy) Market: Sales Value (in Million US$), 2015 & 2020
Figure 32: Global: Digital Multimeter (Energy) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 33: Global: Digital Multimeter (Utility) Market: Sales Value (in Million US$), 2015 & 2020
Figure 34: Global: Digital Multimeter (Utility) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 35: Global: Digital Multimeter (Other Industries) Market: Sales Value (in Million US$), 2015 & 2020
Figure 36: Global: Digital Multimeter (Other Industries) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 37: North America: Digital Multimeter Market: Sales Value (in Million US$), 2015 & 2020
Figure 38: North America: Digital Multimeter Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 39: Europe: Digital Multimeter Market: Sales Value (in Million US$), 2015 & 2020
Figure 40: Europe: Digital Multimeter Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 41: Asia Pacific: Digital Multimeter Market: Sales Value (in Million US$), 2015 & 2020
Figure 42: Asia Pacific: Digital Multimeter Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 43: Middle East and Africa: Digital Multimeter Market: Sales Value (in Million US$), 2015 & 2020
Figure 44: Middle East and Africa: Digital Multimeter Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 45: Latin America: Digital Multimeter Market: Sales Value (in Million US$), 2015 & 2020
Figure 46: Latin America: Digital Multimeter Market Forecast: Sales Value (in Million US$), 2021-2026

List of Tables

Table 1: Global: Digital Multimeter Market: Key Industry Highlights, 2020 and 2026
Table 2: Global: Digital Multimeter Market Forecast: Breakup by Product Type (in Million US$), 2021-2026
Table 3: Global: Digital Multimeter Market Forecast: Breakup by Functionality (in Million US$), 2021-2026
Table 4: Global: Digital Multimeter Market Forecast: Breakup by End Use Industry (in Million US$), 2021-2026
Table 5: Global: Digital Multimeter Market Forecast: Breakup by Region (in Million US$), 2021-2026
Table 6: Global: Digital Multimeter Market: Competitive Structure
Table 7: Global: Digital Multimeter Market: Key Players

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