In this report, the Global Handheld Digital Multimeter market is valued at USD XX million in 2019 and is expected to reach USD XX million by the end of 2026, growing at a CAGR of XX% between 2019 and 2026. Global Handheld Digital Multimeter market has been broken down by major regions, with complete market estimates on the basis of products/applications on a regional basis.
A multimeter or a multitester, also known as a VOM (volt-ohm-milliammeter), is an electronic measuring instrument that combines several measurement functions in one unit. A typical multimeter can measure voltage, current, and resistance. Analog multimeters use a microammeter with a moving pointer to display readings. Digital multimeters (DMM, DVOM) have a numeric display, and may also show a graphical bar representing the measured value. Digital multimeters are now far more common due to their cost and precision, but analog multimeters are still preferable in some cases, for example when monitoring a rapidly varying value.
A multimeter can be a hand-held device useful for basic fault finding and field service work, or a bench instrument which can measure to a very high degree of accuracy. They can be used to troubleshoot electrical problems in a wide array of industrial and household devices such as electronic equipment, motor controls, domestic appliances, power supplies, and wiring systems.
Multimeters are available in a wide range of features and prices. Cheap multimeters can cost less than US$10, while General Purpose-grade models with certified calibration can cost more than US$5,000.
Primary driver for Digital Multimeter market is the multi functionality and features such as accuracy, flexible to use, portability, dual display resolution, and Lifetime warranty. These features and multi functionality expected to increase the demand for Digital Multimeter. Adoption electronic devices across many industry verticals is increasing steadily year on year. This development made the digital multimeter’s usage by electrical professionals to measure the voltage, current and resistance of electronics devices also increasing.
Market Analysis and Insights: Global Handheld Digital Multimeter Market
In 2019, the global Handheld Digital Multimeter market size was US$ 594.2 million and it is expected to reach US$ 844.9 million by the end of 2026, with a CAGR of 5.1% during 2021-2026.
Global Handheld Digital Multimeter Scope and Market Size
Handheld Digital Multimeter market is segmented by region, by country, company, type, application and by sales channels. Players, stakeholders, and other participants in the global Handheld Digital Multimeter market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by region, by country, company, type, application and by sales channels for the period 2015-2026.
Segment by Type, the Handheld Digital Multimeter market is segmented into
Segment by Application, the Handheld Digital Multimeter market is segmented into
Regional and Country-level Analysis:
Rest of Asia-Pacific
Rest of Europe
Rest of Latin America
Middle East & Africa
Rest of MEA
Competitive Landscape and Handheld Digital Multimeter Market Share Analysis
Handheld Digital Multimeter market competitive landscape provides details and data information by companies. The report offers comprehensive analysis and accurate statistics on revenue by the player for the period 2015-2020. It also offers detailed analysis supported by reliable statistics on sale and revenue by players for the period 2015-2020. Details included are company description, major business, Handheld Digital Multimeter product introduction, recent developments, Handheld Digital Multimeter sales by region, type, application and by sales channel.
The major companies include:
Chauvin Arnoux Group
Shen Zhen Victor Hi-tech
Reasons to Buy This Research Report
- Complete access to Global Handheld Digital Multimeter market size, growth rate and forecast to 2026
- In-depth quantitative information on key regional Global Handheld Digital Multimeter markets including North America, Europe, MEA and Asia Pacific
- Global Handheld Digital Multimeter Market estimates and forecasts for key products/applications on a regional basis
- Facility to obtain country level information for complete Global Handheld Digital Multimeter market segmentation
- Key trends, drivers and restraints for global Global Handheld Digital Multimeter market
- Challenges to market growth for Global Handheld Digital Multimeter manufacturers
- Key market opportunities of Global Handheld Digital Multimeter Industry
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