Global Digital Multimeter Market to Grow at 2.9% during 2025-2033, Propelled by Significant Expansion in Electrical Industry

March 12, 2025 | Technology & Media

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According to the latest report by IMARC Group, titled "Digital Multimeter Market Report by Product Type (Handheld, Bench-Top, Mounted, and Others), Functionality (Auto Ranging, Clamp Digital, Fluke Digital, and Others), End Use Industry (Automotive, Manufacturing, Energy, Utility, and Others), and Region 2025-2033," the global digital multimeter market reached a value of USD 1,130 Million in 2024. The digital multimeter refers to a portable equipment that is generally used for electrical purposes, including measuring electrical values and testing voltage-current resistance. It is equipped with a shunt resistor that helps measure the current, resistance and voltage of several electrical devices. Apart from this, it consists of a display, dial, buttons, and inputs that usually reflect the electrical values in a precise manner. Additionally, it is widely utilized as a preferred alternative to needle-based meters due to its improved accuracy, impedance and reliability. Consequently, it is extensively used to test batteries and diodes, household wirings and power supplies.

Global Digital Multimeter Market Trends:

The global market is primarily driven by significant growth in the electrical sector. Along with this, continual technological advancements in the industry are positively influencing the market growth. For instance, the widespread integration of infrared thermometers and insulation testers with digital multimeters is creating a positive outlook for the market. Moreover, increasing investments by the governments of numerous countries to upgrade the existing power transmission infrastructures across the globe are contributing to the market growth. The market is further driven by a significant rise in construction activities across the globe. Furthermore, a digital multimeter is extensively utilized across the automotive sector in order to run tests on electronic components of vehicles, which is also positively influencing the market growth on the global level. Some of the other factors contributing to the market growth include rapid industrialization, especially in the developing economies, and extensive research and development (R&D) activities conducted by key players to introduce improved product variants. Looking forward, the market value is projected to reach USD 1,490 Million by 2033, expanding at a CAGR of 2.9% during 2025-2033.

Market Summary:

On the basis of the product type, the market has been segregated into handheld, bench-top, mounted and others.
Based on the functionality, the market has been segmented into auto ranging, clamp digital, fluke digital and others.
On the basis of the end-use industry, the market has been classified into automotive, manufacturing, energy, utility and others.
Based on the region, the market has been divided into North America, Europe, Asia Pacific, the Middle East and Africa and Latin America.
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market. Some of these players include Agilent Technologies, Anritsu, Danaher, Rohde & Schwarz, Tektronix, Adlink Technology, Aeroflex, Ametek, Giga-tronics, National Instruments, Rigol Technologies, Teledyne LeCroy, and Teradyne and Yokagawa Electric.

Report Scope:

Report Features	Details
Base Year of the Analysis	2024
Historical Period	2019-2024
Forecast Period	2025-2033
Units	Million USD
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
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)

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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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Global Digital Multimeter Market to Grow at 2.9% during 2025-2033, Propelled by Significant Expansion in Electrical Industry

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