Market Overview:
The global digit handheld multimeters market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for digit handheld multimeters in industrial and commercial enterprises, government, and others applications. Additionally, the growing demand for portable devices is also contributing to the growth of this market.
Product Definition:
A digital handheld multimeter is a device that measures voltage, current, and resistance. They are important because they can help diagnose electrical problems in circuits.
Manual Range:
Manual range is a feature in digital handheld multimeters that allows the user to set an upper limit value and lower limit value of a certain parameter. For instance, if the user has turned on the “manual” mode and sets 20V as a high voltage level and 0V as low voltage level, then he can measure any current greater than 20 V but less than 21 V.
Automatic Range:
Automatic range is the maximum distance a digital multimeter can measure. It is an important factor to be considered while purchasing a digital multimeter as accuracy and precision of measurement are the key factors in this industry. The automatic range of a product defines its precision and accuracy, i.e., how close or far an electric signal can be before it's considered accurate enough for use in measuring another signal (in terms of voltage, current, resistance etc.).
Application Insights:
The others application segment includes healthcare, automotive and aviation, and electronics industries. The demand for DHTMs in the aforementioned applications is expected to be driven by their use in testing electrical components of various devices such as HVAC systems, electronic instruments, medical equipment etc. Furthermore, the rising need for maintenance and repair operations in these sectors is anticipated to further drive the market over the forecast period.
The industrial and commercial enterprises segment accounted for a major share of more than 50% in 2017 owing to its extensive usage across oil & gas sector including power generation plants & refineries etc. The oil & gas industry has been one of the leading adopters of DHTM technology due to its critical nature that requires accurate measurement while planning projects or during execution stages with respect to plant automation or human-machine interface functions etc.
Regional Analysis:
Asia Pacific region dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The growth can be attributed to increasing demand for digital multimeters from various application areas, such as industrial, commercial, and others. In addition, rising awareness regarding safety standards in developing economies of Asia Pacific region is also anticipated to propel product demand over the forecast period.
The North America regional market accounted for a significant share of revenue in 2017 owing to high penetration rates of digital multimeter devices coupled with growing technological advancements across this region. Moreover, presence of prominent players operating within this region will drive growth further due to increased availability and distribution network setup by these companies. Increasing government initiatives aimed at improving infrastructure development activities are also expected drive regional growth during the forecast period.
Growth Factors:
- Increasing demand from the automotive and electronics industries for handheld multimeters to test and measure voltage, current, and resistance.
- Growing popularity of digit handheld multimeters as a low-cost alternative to benchtop meters in educational institutions and laboratories.
- Rising demand for portable meters that can be used in field applications for troubleshooting and maintenance work.
- Increasing adoption of handheld multimeters in workshops, service centers, and other industrial settings.
Scope Of The Report
Report Attributes
Report Details
Report Title
Digit Handheld Multimeters Market Research Report
By Type
Manual Range, Automatic Range
By Application
Industrial and Commercial Enterprises, Government, Others
By Companies
Fluke Corporation, Keysight, FLIR, Victor, UNI-T, Chauvin Arnoux Group, Klein Tools, CEM, Gossen Metrawatt, Mastech Group, GW Instek, Sata, Triplett, Leierda, Metrel d.d.
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
239
Number of Tables & Figures
168
Customization Available
Yes, the report can be customized as per your need.
Global Digit Handheld Multimeters Market Report Segments:
The global Digit Handheld Multimeters market is segmented on the basis of:
Types
Manual Range, Automatic Range
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Industrial and Commercial Enterprises, Government, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Fluke Corporation
- Keysight
- FLIR
- Victor
- UNI-T
- Chauvin Arnoux Group
- Klein Tools
- CEM
- Gossen Metrawatt
- Mastech Group
- GW Instek
- Sata
- Triplett
- Leierda
- Metrel d.d.
Highlights of The Digit Handheld Multimeters Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Manual Range
- Automatic Range
- By Application:
- Industrial and Commercial Enterprises
- Government
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Digit Handheld Multimeters Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A digit handheld multimeter is a device used to measure electrical voltages and currents. It typically has 10 or more test points, each of which can be set to measure a specific voltage or current.
Some of the major companies in the digit handheld multimeters market are Fluke Corporation, Keysight, FLIR, Victor, UNI-T, Chauvin Arnoux Group, Klein Tools, CEM, Gossen Metrawatt, Mastech Group, GW Instek, Sata, Triplett, Leierda, Metrel d.d..
The digit handheld multimeters market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Digit Handheld Multimeters Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Digit Handheld Multimeters Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Digit Handheld Multimeters Market - Supply Chain
4.5. Global Digit Handheld Multimeters Market Forecast
4.5.1. Digit Handheld Multimeters Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Digit Handheld Multimeters Market Size (000 Units) and Y-o-Y Growth
4.5.3. Digit Handheld Multimeters Market Absolute $ Opportunity
5. Global Digit Handheld Multimeters Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Digit Handheld Multimeters Market Size and Volume Forecast by Type
5.3.1. Manual Range
5.3.2. Automatic Range
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Digit Handheld Multimeters Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Digit Handheld Multimeters Market Size and Volume Forecast by Application
6.3.1. Industrial and Commercial Enterprises
6.3.2. Government
6.3.3. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Digit Handheld Multimeters Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Digit Handheld Multimeters Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Digit Handheld Multimeters Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Digit Handheld Multimeters Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Digit Handheld Multimeters Demand Share Forecast, 2019-2026
9. North America Digit Handheld Multimeters Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Digit Handheld Multimeters Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Digit Handheld Multimeters Market Size and Volume Forecast by Application
9.4.1. Industrial and Commercial Enterprises
9.4.2. Government
9.4.3. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Digit Handheld Multimeters Market Size and Volume Forecast by Type
9.7.1. Manual Range
9.7.2. Automatic Range
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Digit Handheld Multimeters Demand Share Forecast, 2019-2026
10. Latin America Digit Handheld Multimeters Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Digit Handheld Multimeters Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Digit Handheld Multimeters Market Size and Volume Forecast by Application
10.4.1. Industrial and Commercial Enterprises
10.4.2. Government
10.4.3. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Digit Handheld Multimeters Market Size and Volume Forecast by Type
10.7.1. Manual Range
10.7.2. Automatic Range
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Digit Handheld Multimeters Demand Share Forecast, 2019-2026
11. Europe Digit Handheld Multimeters Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Digit Handheld Multimeters Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Digit Handheld Multimeters Market Size and Volume Forecast by Application
11.4.1. Industrial and Commercial Enterprises
11.4.2. Government
11.4.3. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Digit Handheld Multimeters Market Size and Volume Forecast by Type
11.7.1. Manual Range
11.7.2. Automatic Range
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Digit Handheld Multimeters Demand Share, 2019-2026
12. Asia Pacific Digit Handheld Multimeters Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Digit Handheld Multimeters Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Digit Handheld Multimeters Market Size and Volume Forecast by Application
12.4.1. Industrial and Commercial Enterprises
12.4.2. Government
12.4.3. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Digit Handheld Multimeters Market Size and Volume Forecast by Type
12.7.1. Manual Range
12.7.2. Automatic Range
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Digit Handheld Multimeters Demand Share, 2019-2026
13. Middle East & Africa Digit Handheld Multimeters Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Digit Handheld Multimeters Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Digit Handheld Multimeters Market Size and Volume Forecast by Application
13.4.1. Industrial and Commercial Enterprises
13.4.2. Government
13.4.3. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Digit Handheld Multimeters Market Size and Volume Forecast by Type
13.7.1. Manual Range
13.7.2. Automatic Range
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Digit Handheld Multimeters Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Digit Handheld Multimeters Market: Market Share Analysis
14.2. Digit Handheld Multimeters Distributors and Customers
14.3. Digit Handheld Multimeters Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Fluke Corporation
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Keysight
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. FLIR
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Victor
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. UNI-T
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Chauvin Arnoux Group
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Klein Tools
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. CEM
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Gossen Metrawatt
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Mastech Group
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. GW Instek
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Sata
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Triplett
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Leierda
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Metrel d.d.
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
