The global digital multimeter market was valued at $0.61 billion in 2021, and is projected to reach $1.1 billion by 2031, growing at a CAGR of 6.7%.
PORTLAND, OREGON, UNITED STATES, August 31, 2023/EINPresswire.com/ — Allied Market Research published a report on the Global Digital Multimeter Market. The research provides a clear picture of the market’s current needs and future prospects. The research study gives a 360-degree overview of the overall market environment by supplying details on the Digital Multimeter Market size and share analysis, market dynamics, segmental & regional analysis, top investment pockets, competition landscape and other factors for the projected forecast period.
Report Overview: https://www.alliedmarketresearch.com/digital-multimeter-market
The Research report presents a complete judgment of the Digital Multimeter Market trends, growth factors, consumption, production volume, CAGR value, attentive opinions, profit margin, price, and industry-validated market data. The report is a useful resource for businesses, investors, shareholders and new entrants to gain an in-depth understanding of the market and make informed decisions and settle on educated business choices based on their business goals. The analysis sheds insight on the global Digital Multimeter Market drivers, restraints, and opportunities. Businesses can evaluate the Porter’s Five Forces Analysis to determine the structure, level of competition, and industry’s strengths and weaknesses. The report also contains information and statistics, tables and figures that are used in strategic planning for the company’s success. The report will be remarkable in its ability to provide worldwide investors with the information they need to make informed judgments about the market. Also, these research report provides accurate economic, global, and country-level predictions and analysis.
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The research uses both primary and secondary research to assemble data on the various facets of the international Digital Multimeter Market. Using interviews or surveys, primary market research has been used to collect highly authenticated data from direct sources, such as consumers in a particular market. Secondary market research is a method for gathering information from previously released data that has been produced by international organizations, business groups, government and research institutions, and so on. The global Digital Multimeter Market report demonstrates information about the current and historical data of the market.
The competitive environment of the global Digital Multimeter Market is further examined in the report. It includes details about the key players in the market’s strengths, product portfolio, Digital Multimeter market share and size analysis, operational results, and market positioning. It comprises the actions taken by the players to grow and expand their presence through agreements and entering new business sectors. Mergers and acquisitions, joint ventures, and product launches are some of the other techniques used by players.
Some of the prominent players of the global Digital Multimeter Industry include National Instruments Corporation, Keysight Technologies, Gossen Metrawatt GmbH, Fluke Corporation, FLIR Systems, Inc., Tektronix, Inc., Yokogawa Electric Corporation, Rohde & Schwarz GmbH & Co KG, Hioki E.E. Corporation, and Sanwa Electric Instrument Co., Ltd. .
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The digital multimeter market is segmented into Product Type, Ranging Type and Industry Vertical.
On the basis of product type, the digital multimeter market size is segmented into handheld, desktop and mounted.
On the basis of ranging type, the digital multimeter market share is segmented into auto-ranging and manual.
In terms of industry vertical, the market is segmented into consumer electronics, automotive, power generation, healthcare, and others.
1) North America (Canada, Mexico, and the United States)
2) Europe (France, Italy, Germany, Spain, the United Kingdom, and rest of Europe)
3) Asia-Pacific (Australia, Japan, South Korea, China, India, and rest of Asia-Pacific)
4) LAMEA (Africa, the Middle East, and Latin America)
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Key Findings of the Study
Based on product type, the handheld segment accounted-for major share of the digital multimeter industry in 2021, while the mounted segment is expected to witness faster growth during the forecast period.
Based on ranging type, the manual segment accounted-for higher share of the digital multimeter market in 2021, while the auto-ranging segment is anticipated to increase faster during the forecast period.
Based on industry vertical, the consumer electronics segment dominated the digital multimeter market in 2021, while the automotive segment is expected to expand at a faster rate during the forecast period.
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