Market Overview:
The global voltmeter market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for electric vehicles and rising awareness about energy conservation. Additionally, the growing demand for smart meters is also contributing to the growth of the market. The global voltmeter market can be segmented on the basis of type, application, and region. On the basis of type, it can be divided into DC voltage and AC voltage segments. The DC voltage segment is expected to grow at a higher CAGR as compared to other segments during the forecast period owing to its growing demand in automotive applications such as hybrid electric vehicles (HEVs) and plug-in electric vehicles (PEVs). By application, it can be classified into electric power, education, military & defense sector laboratories & research centers), automotive sector (OEMs and aftermarket), and others including medical equipment etc.). Among these applications, electric power held majority share in 2017 owing high adoption rate across various industries such as commercial buildings & infrastructure development projects; industrial plants; oil refineries; mining sites etc., followed by education sector which has been witnessing significant adoption rates due recent technological advancements across developed countries such as U.S.
Product Definition:
A voltmeter is an instrument used to measure the potential difference (voltage) between two points in an electrical circuit. Voltage is what causes current flow through a circuit, so by measuring voltage you can determine how much electricity is flowing. The importance of voltmeters lies in their ability to help troubleshoot electrical problems by allowing you to see whether or not there is sufficient voltage present at different points in the circuit.
DC Voltage:
DC voltage is the electrical energy in the range of 0 to 1.0 V. It is also known as Digital Multiply Voltage (DMV). DC voltage has no physical presence; it exists only in electronic devices and various instruments that work on these voltages, such as Voltmeter or multimeter which measures current and voltage, or any battery which stores electrical energy.
AC Voltage:
AC voltage is the alternative term for electric current and it's used to measure the rate of flow of electrical charge. The longer charges travel in one direction, the higher is AC voltage. Voltmeter measures AC voltage and converts it into mechanical energy by using a rotary dial or digital display with respect to the resistance offered by a coil at its terminals.
The unit of measurement for voltmeter is called a volt.
Application Insights:
Electric power was the largest application segment in 2016 and is expected to witness a CAGR of XX% over the forecast period. The increasing demand for Voltmeter from electric power sector is attributed to its use in measuring voltage across switchgear, motor windings and transmission lines, as well as between phases of a three-phase AC supply.
The education segment held around 15% share of global volume in 2017 owing to rising applications such as laboratory testing for schools & colleges, educational institutions and universities across various countries including India China U.S., etc.
The military segment accounted for 10% share of global volume in 2017 due primarily to expenditure incurred by governments on developing & procurement new weapons systems especially missiles & space programs which involves technical measurement devices such as ammeters thermometers etc.
Regional Analysis:
North America dominated the global Voltmeter market in 2017. The region is expected to maintain its position during the forecast period. This can be attributed to increasing investments in renewable energy, favorable government policies and rising demand for electric vehicles among consumers of North America. Moreover, presence of prominent players such as Maxim Integrated Products Inc.; Cooper Bussman LLC; and National Semiconductor Corporation is also contributing towards growth of the regional market for voltmeter.
Asia Pacific region is anticipated to witness significant growth over the forecast period owing to increasing awareness about electricity consumption, growing population and rapid industrialization & modernization coupled with economic development in this region has led major industries such as manufacturing, power generation & distribution etc.
Growth Factors:
- Increasing demand for electric vehicles
- Growing investments in smart grid infrastructure
- Proliferation of renewable energy sources
- Rising concerns over energy security and climate change
- Technological advancements in voltmeter products
Scope Of The Report
Report Attributes
Report Details
Report Title
Voltmeter Market Research Report
By Type
DC Voltage, AC Voltage
By Application
Electric Power, Education, Military, Lab, Automotive, Others
By Companies
HIOKI(Japan), Fluke(US), Prokit's Industries(Japan), MASTECH(US), Keysight Technologies(US), FLIR Systems(US), STB(US), Davtron(US), Tru-Test(US)
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
231
Number of Tables & Figures
162
Customization Available
Yes, the report can be customized as per your need.
Global Voltmeter Market Report Segments:
The global Voltmeter market is segmented on the basis of:
Types
DC Voltage, AC Voltage
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
Electric Power, Education, Military, Lab, Automotive, 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:
- HIOKI(Japan)
- Fluke(US)
- Prokit's Industries(Japan)
- MASTECH(US)
- Keysight Technologies(US)
- FLIR Systems(US)
- STB(US)
- Davtron(US)
- Tru-Test(US)
Highlights of The Voltmeter 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:
- DC Voltage
- AC Voltage
- By Application:
- Electric Power
- Education
- Military
- Lab
- Automotive
- 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 Voltmeter 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.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
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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 voltmeter is a device used to measure voltage.
Some of the major companies in the voltmeter market are HIOKI(Japan), Fluke(US), Prokit's Industries(Japan), MASTECH(US), Keysight Technologies(US), FLIR Systems(US), STB(US), Davtron(US), Tru-Test(US).
The voltmeter market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Voltmeter Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Voltmeter Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Voltmeter Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Voltmeter Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Voltmeter Market Size & Forecast, 2018-2028
4.5.1 Voltmeter Market Size and Y-o-Y Growth
4.5.2 Voltmeter Market Absolute $ Opportunity
Chapter 5 Global Voltmeter Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Voltmeter Market Size Forecast by Type
5.2.1 DC Voltage
5.2.2 AC Voltage
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Voltmeter Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Voltmeter Market Size Forecast by Applications
6.2.1 Electric Power
6.2.2 Education
6.2.3 Military
6.2.4 Lab
6.2.5 Automotive
6.2.6 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Voltmeter Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Voltmeter Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Voltmeter Analysis and Forecast
9.1 Introduction
9.2 North America Voltmeter Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Voltmeter Market Size Forecast by Type
9.6.1 DC Voltage
9.6.2 AC Voltage
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Voltmeter Market Size Forecast by Applications
9.10.1 Electric Power
9.10.2 Education
9.10.3 Military
9.10.4 Lab
9.10.5 Automotive
9.10.6 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Voltmeter Analysis and Forecast
10.1 Introduction
10.2 Europe Voltmeter Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Voltmeter Market Size Forecast by Type
10.6.1 DC Voltage
10.6.2 AC Voltage
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Voltmeter Market Size Forecast by Applications
10.10.1 Electric Power
10.10.2 Education
10.10.3 Military
10.10.4 Lab
10.10.5 Automotive
10.10.6 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Voltmeter Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Voltmeter Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Voltmeter Market Size Forecast by Type
11.6.1 DC Voltage
11.6.2 AC Voltage
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Voltmeter Market Size Forecast by Applications
11.10.1 Electric Power
11.10.2 Education
11.10.3 Military
11.10.4 Lab
11.10.5 Automotive
11.10.6 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Voltmeter Analysis and Forecast
12.1 Introduction
12.2 Latin America Voltmeter Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Voltmeter Market Size Forecast by Type
12.6.1 DC Voltage
12.6.2 AC Voltage
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Voltmeter Market Size Forecast by Applications
12.10.1 Electric Power
12.10.2 Education
12.10.3 Military
12.10.4 Lab
12.10.5 Automotive
12.10.6 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Voltmeter Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Voltmeter Market Size 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 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Voltmeter Market Size Forecast by Type
13.6.1 DC Voltage
13.6.2 AC Voltage
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Voltmeter Market Size Forecast by Applications
13.10.1 Electric Power
13.10.2 Education
13.10.3 Military
13.10.4 Lab
13.10.5 Automotive
13.10.6 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Voltmeter Market: Competitive Dashboard
14.2 Global Voltmeter Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 HIOKI(Japan)
14.3.2 Fluke(US)
14.3.3 Prokit's Industries(Japan)
14.3.4 MASTECH(US)
14.3.5 Keysight Technologies(US)
14.3.6 FLIR Systems(US)
14.3.7 STB(US)
14.3.8 Davtron(US)
14.3.9 Tru-Test(US)
