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The market for Multimeters was valued at $847 million in 2019 and is projected to increase to $1,047 million by 2029, with a cumulative annual growth rate (CAGR) of 4.4%. The market is primarily being driven by the rising adoption of electronic devices across a variety of end-user sectors as well as the multifunctionality and low price of multimeters.
The Global Multimeters Market Size, Scope, and Forecast 2023-2029 report has been added to the Market research collection of Market Intelligence Data. Industry experts and researchers have offered an authoritative and concise analysis of the Multimeters Market with respect to various aspects such as growth factors, challenges, restraints, developments, and opportunities for growth. This report provides a pin-point analysis of changing dynamics and emerging trends in the Multimeters Market.
The digital multimeter is a piece of test equipment used in the electronics sector for electronic measuring. It features test capabilities for capacitance, temperature, frequency, transistor test, and continuity (buzzer), in addition to measuring a number of parameters like voltage, current, and resistance. A digital multimeter is a common piece of test equipment for accurately measuring different electrical and electronic equipment properties like amps, volts, and ohms. It is extremely accurate and features a dual display resolution.
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Some of the key players profiled in the study are Fluke Corporation, Keysight, FLIR, Rohde & Schwarz, Victor, UNI-T, HIOKI, Chauvin Arnoux Group, Klein Tools, B&K Precision Corporation, CEM, Gossen Metrawatt, Prokits Industries Co., LTD, Mastech Group, GW Instek, Sata, Triplett, Leierda, Metrel d.d. and other Prominent players.
GW Instek Unveils The New GPM-8330/8320 Digital Power Meter GW Instek, a professional T&M instrument manufacturer, announced the launch of the brand new GPM-8330/8320 Digital Power Meter on June 1, 2023 to augment the GPM-8310 with these extended models. GPM-8320/8330 are digital power meters designed specifically for measuring power in three-phase AC power sources, making it suitable for most electrical and electronic product testing applications (GPM-8320 provides 2 modules, and GPM-8330 provides 3 modules).
Competition is an important issue in any market research analysis . With the help of the competitive analysis provided in the report, players can easily study the key strategies employed by leading players in the Multimeters market. The major and emerging players of the Multimeters Market are closely studied considering their market share, production, sales, revenue growth, gross margin, product portfolio, and other important factors . This will help players familiarize themselves with the movements of their toughest competitors in the Multimeters market.
The segmental analysis section of the report includes a thorough research study on key type and application segments of the Multimeters market.
Multimeters Market ( By Type )
Handheld Type
Bench-Top Type
Others
Multimeters Market ( By Application )
Industrial Manufacturing
Commercial
Public Utilities
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Important years considered in the Multimeters study:
Historical year – 2017-2023; Base year – 2023; Forecast period ** – 2023 to 2029 [** unless otherwise stated]
If opting for the Global version of Multimeters Market; then the below country analysis would be included:
– North America (the USA, Canada, and Mexico)
– Europe (Germany, France, the United Kingdom, Netherlands, Italy, Nordic Nations, Spain, Switzerland, and the Rest of Europe)
– Asia-Pacific (China, Japan, Australia, New Zealand, South Korea, India, Southeast Asia, and the Rest of APAC)
Asia Pacific is expected to be the largest multimeter market during the forecast period The world's biggest electronic manufacturing companies operate from Asia Pacific because of the availability of cheap labor and the easy availability of raw materials. China, Taiwan, and Hong Kong have significant electronics manufacturing capacity. China is also one of the world's leading manufacturers in the automotive sector. Due to these factors, Asia Pacific accounts for a significant share in the market in the forecast period.
– South America (Brazil, Argentina, Chile, Colombia, the Rest of the countries, etc.)
– the Middle East and Africa (Saudi Arabia, United Arab Emirates, Israel, Egypt, Turkey, Nigeria, South Africa, Rest of MEA)
Reasons to Procure this Report:
(A) The research would help top administration/policymakers/professionals/product advancements/sales managers and stakeholders in this market in the following ways.
(B) The report provides Multimeters market revenues at the worldwide, regional, and country levels with a complete analysis to 2029 permitting companies to analyze their market share and analyze projections, and find new markets to aim for.
(C) The research includes the Multimeters market split by different types, applications, technologies, and end-uses. This segmentation helps leaders plan their products and finances based on the upcoming development rates of each segment.
(D) Multimeters market analysis benefits investors by knowing the scope and position of the market giving them information on key drivers, challenges, restraints, and expansion chances of the market and moderate threats.
(E) This report would help to understand competition better with a detailed analysis and key strategies of their competitors and plan their position in the business.
(F) The study helps evaluate Multimeters business predictions by region, key countries, and top companies' information to channel their investments.
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What is new in 2023?
– Major developments that can change the business landscape as well as market forecasts.
– Addition/refinement in segmentation–Increase in depth or width of segmentation of the market.
– Coverage of new market players and change in the market share of existing players of the Multimeters market.
– Updated financial information and product portfolios of players operating in the Multimeters market.
– Updated market developments of the profiled players.
– Any new data points/analysis (frameworks) which was not present in the previous version of the report
The new edition of the report consists of trends/disruptions on customer's business, tariff and regulatory landscape, pricing analysis, and a market ecosystem map to enable a better understanding of the market dynamics for Multimeters.
Customization services available with the report :
-20% customization.
-Five Countries can be added as per your choice.
-Five Companies can added as per your choice.
– customization upto 40 hours.
-Post-sales support for 1 year from the date of delivery.
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