Digital Multimeter - Global Market Outlook (2018-2027)
According to Stratistics MRC, the Global Digital Multimeter Market is accounted for $811.84 million in 2018 and is expected to reach $1,406.92 million by 2027 growing at a CAGR of 6.3% during the forecast period. Increased penetration of electronic devices across end-use industries and low cost and versatility of digital multimeters are the major factors driving the market growth. However, the need for periodic recalibration over the product lifetime is restraining market growth.
A digital multimeter (DMM) is a device that gives various sorts of estimations inside one instrument. DMM utilizes a more exact and meaningful computerized yield than a simple answer. Without the utilization of a DMM to right presently quantify stay voltage and flows, there's a risk of excruciating stuns that may even be fatal. In this way, it represents a basic wellbeing risk.
Based on the application, the automotive segment is likely to have a huge demand growing demand for electric vehicles and self-driving cars in developed regions and increased penetration of electronic devices. By geography, the Asia Pacific is going to have a lucrative growth during the forecast period as the world’s biggest electronic manufacturing companies operate from this region because of the availability of cheap labour and the easy availability of raw materials.
Some of the key players profiled in the Digital Multimeter Market include Yokogawa Electric Corporation, Teledyne Lecroy, Tektronix, Sanwa Electric Instrument Company, Rohde & Schwarz, National Instruments, Kyoritsu Electrical Instrument Works, Keysight Technologies, Hioki E.E. Corporation, Gossen Metrawatt, Good Will Instrument, Fluke Corporation, Flir Systems, Chauvin Arnoux, and B&K Precision.
Ranging Types Covered:
• Clamp Digital
• Fluke Digital
• Medical Equipment Manufacturing
• Consumer Electronics & Appliances
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2017, 2018, 2019, 2023 and 2027
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
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