The global portable multimeter market is expected to grow at a CAGR of 4.5% during the forecast period, to reach USD 1.2 billion by 2030. The growth of this market can be attributed to the increasing demand for portable multimeters in various industries such as electronics factory, machinery factory, and laboratory. The increasing demand for these devices in laboratories is due to their ability to measure voltage and current with high accuracy and precision. Moreover, the growing need for accurate measurements in various industries has led manufacturers of these devices to focus on developing new features that are not available on traditional meters such as data logging capability and wireless connectivity.
Digital Multimeter: Digital multimeters are used extensively in electronics factories because they provide accurate measurements without any calibration or adjustment required before use. They also offer a wide range of measurement functions including voltage measurement, current measurement, resistance measurement, frequency measurement, capacitance measurement etc, which makes them suitable for use across different industrial sectors such as machinery factories and laboratories where accurate measurements are required for research purposes or quality control purposes respectively.
Some Of The Growth Factors Of This Market:
- The increasing demand for portable multimeters in the market is a major factor that is driving the growth of this market.
- The increasing number of accidents and natural disasters are also driving the growth of this market as people need to measure voltage, current, resistance, and other parameters to assess damages and safety risks.
- The growing need for accurate measurements in various industries such as automotive, aerospace & defense, oil & gas, power generation & distribution etc, is also a major factor that is driving the growth of this market.
- Increasing awareness about safety standards among consumers has led to an increase in demand for portable multimeters which can be used at home or on-site by professionals such as electricians or engineers who are required to measure voltage levels before starting work on electrical equipment or systems; these professionals can use these devices to ensure they are not exposed to high voltages while working on live circuits.
- Increasing investments by key players in research and development activities related to new technologies such as wireless connectivity will lead to an increase in innovation which will drive the growth of this market.
Industry Growth Insights published a new data on “Portable Multimeter Market”. The research report is titled “Portable Multimeter Market research by Types (Digital Multimeter, Analog Multimeter), By Applications (Electronics Factory, Machinery Factory, Laboratory, Other), By Players/Companies HT, Kane International, Kyoritsu, Martindale Electric, METREL, Mors Smitt BV, Sanwa Electric Instrument, Shanghai Yi Hua V&A Instrument, Simpson, Tecpel, Triplett, B&K Precision, Beta Utensili, BST Caltek Industrial Ltd, echoCONTROL, Extech, FLUKE, GOSSEN METRAWATT, HIOKI E.E. CORPORATION”.
Scope Of The Report
Report Attributes
Report Details
Report Title
Portable Multimeter Market Research Report
By Type
Digital Multimeter, Analog Multimeter
By Application
Electronics Factory, Machinery Factory, Laboratory, Other
By Companies
HT, Kane International, Kyoritsu, Martindale Electric, METREL, Mors Smitt BV, Sanwa Electric Instrument, Shanghai Yi Hua V&A Instrument, Simpson, Tecpel, Triplett, B&K Precision, Beta Utensili, BST Caltek Industrial Ltd, echoCONTROL, Extech, FLUKE, GOSSEN METRAWATT, HIOKI E.E. CORPORATION
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
244
Number of Tables & Figures
171
Customization Available
Yes, the report can be customized as per your need.
Global Portable Multimeter Market Report Segments:
The global Portable Multimeter market is segmented on the basis of:
Types
Digital Multimeter, Analog Multimeter
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
Electronics Factory, Machinery Factory, Laboratory, Other
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:
- HT
- Kane International
- Kyoritsu
- Martindale Electric
- METREL
- Mors Smitt BV
- Sanwa Electric Instrument
- Shanghai Yi Hua V&A Instrument
- Simpson
- Tecpel
- Triplett
- B&K Precision
- Beta Utensili
- BST Caltek Industrial Ltd
- echoCONTROL
- Extech
- FLUKE
- GOSSEN METRAWATT
- HIOKI E.E. CORPORATION
Highlights of The Portable Multimeter 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:
- Digital Multimeter
- Analog Multimeter
- By Application:
- Electronics Factory
- Machinery Factory
- Laboratory
- Other
- 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 Portable Multimeter 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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- 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 portable multimeter is a device that can be used to measure electrical voltages and currents. It can also be used to test for continuity and resistance.
Some of the major players in the portable multimeter market are HT, Kane International, Kyoritsu, Martindale Electric, METREL, Mors Smitt BV, Sanwa Electric Instrument, Shanghai Yi Hua V&A Instrument, Simpson, Tecpel, Triplett, B&K Precision, Beta Utensili, BST Caltek Industrial Ltd, echoCONTROL, Extech, FLUKE, GOSSEN METRAWATT, HIOKI E.E. CORPORATION.
The portable multimeter market is expected to grow at a compound annual growth rate of 4.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Portable Multimeter 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. Portable Multimeter Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Portable Multimeter Market - Supply Chain
4.5. Global Portable Multimeter Market Forecast
4.5.1. Portable Multimeter Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Portable Multimeter Market Size (000 Units) and Y-o-Y Growth
4.5.3. Portable Multimeter Market Absolute $ Opportunity
5. Global Portable Multimeter 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. Portable Multimeter Market Size and Volume Forecast by Type
5.3.1. Digital Multimeter
5.3.2. Analog Multimeter
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Portable Multimeter 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. Portable Multimeter Market Size and Volume Forecast by Application
6.3.1. Electronics Factory
6.3.2. Machinery Factory
6.3.3. Laboratory
6.3.4. Other
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Portable Multimeter 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. Portable Multimeter 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 Portable Multimeter 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. Portable Multimeter 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 Portable Multimeter Demand Share Forecast, 2019-2026
9. North America Portable Multimeter 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 Portable Multimeter 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 Portable Multimeter Market Size and Volume Forecast by Application
9.4.1. Electronics Factory
9.4.2. Machinery Factory
9.4.3. Laboratory
9.4.4. Other
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Portable Multimeter Market Size and Volume Forecast by Type
9.7.1. Digital Multimeter
9.7.2. Analog Multimeter
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 Portable Multimeter Demand Share Forecast, 2019-2026
10. Latin America Portable Multimeter 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 Portable Multimeter 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 Portable Multimeter Market Size and Volume Forecast by Application
10.4.1. Electronics Factory
10.4.2. Machinery Factory
10.4.3. Laboratory
10.4.4. Other
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Portable Multimeter Market Size and Volume Forecast by Type
10.7.1. Digital Multimeter
10.7.2. Analog Multimeter
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 Portable Multimeter Demand Share Forecast, 2019-2026
11. Europe Portable Multimeter 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 Portable Multimeter 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 Portable Multimeter Market Size and Volume Forecast by Application
11.4.1. Electronics Factory
11.4.2. Machinery Factory
11.4.3. Laboratory
11.4.4. Other
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Portable Multimeter Market Size and Volume Forecast by Type
11.7.1. Digital Multimeter
11.7.2. Analog Multimeter
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
1.10. 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 Portable Multimeter Demand Share, 2019-2026
12. Asia Pacific Portable Multimeter 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 Portable Multimeter 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 Portable Multimeter Market Size and Volume Forecast by Application
12.4.1. Electronics Factory
12.4.2. Machinery Factory
12.4.3. Laboratory
12.4.4. Other
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Portable Multimeter Market Size and Volume Forecast by Type
12.7.1. Digital Multimeter
12.7.2. Analog Multimeter
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 Portable Multimeter Demand Share, 2019-2026
13. Middle East & Africa Portable Multimeter 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 Portable Multimeter 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 Portable Multimeter Market Size and Volume Forecast by Application
13.4.1. Electronics Factory
13.4.2. Machinery Factory
13.4.3. Laboratory
13.4.4. Other
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Portable Multimeter Market Size and Volume Forecast by Type
13.7.1. Digital Multimeter
13.7.2. Analog Multimeter
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 Portable Multimeter Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Portable Multimeter Market: Market Share Analysis
14.2. Portable Multimeter Distributors and Customers
14.3. Portable Multimeter Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. HT
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Kane International
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Kyoritsu
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Martindale Electric
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. METREL
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Mors Smitt BV
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Sanwa Electric Instrument
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Shanghai Yi Hua V&A Instrument
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Simpson
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Tecpel
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Triplett
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. B&K Precision
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Beta Utensili
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. BST Caltek Industrial Ltd
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. echoCONTROL
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Extech
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. FLUKE
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. GOSSEN METRAWATT
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. HIOKI E.E. CORPORATION
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
