Global Handheld Digital Multimeter Market Growth 2024-2030

Publication ID:

LPI01241029

Publication Date:

January 4, 2024

Pages:

110

Publisher:

LPI

Countries:

Global [1]

USD 3,660.00

Manufacturers [2]

Machinery [3]

Industry & Manufacturing [4]

Description:

The global Handheld Digital Multimeter market size was valued at US$ 644.6 million in 2023. With growing demand in downstream market, the Handheld Digital Multimeter is forecast to a readjusted size of US$ 924.7 million by 2030 with a CAGR of 5.3% during review period.
The research report highlights the growth potential of the global Handheld Digital Multimeter market. Handheld Digital Multimeter are expected to show stable growth in the future market. However, product differentiation, reducing costs, and supply chain optimization remain crucial for the widespread adoption of Handheld Digital Multimeter. Market players need to invest in research and development, forge strategic partnerships, and align their offerings with evolving consumer preferences to capitalize on the immense opportunities presented by the Handheld Digital Multimeter market.
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.
Global Handheld Digital Multimeter main players are Fluke, Keysight Technologies, FLIR Systems, Yokogawa, etc. Global top four manufacturers hold a share over 35%. Asia-Pacific is the largest market, with a share over 40%.
Key Features:
The report on Handheld Digital Multimeter market reflects various aspects and provide valuable insights into the industry.
Market Size and Growth: The research report provide an overview of the current size and growth of the Handheld Digital Multimeter market. It may include historical data, market segmentation by Type (e.g., 3.5 Digit, 4.5 Digit), and regional breakdowns.
Market Drivers and Challenges: The report can identify and analyse the factors driving the growth of the Handheld Digital Multimeter market, such as government regulations, environmental concerns, technological advancements, and changing consumer preferences. It can also highlight the challenges faced by the industry, including infrastructure limitations, range anxiety, and high upfront costs.
Competitive Landscape: The research report provides analysis of the competitive landscape within the Handheld Digital Multimeter market. It includes profiles of key players, their market share, strategies, and product offerings. The report can also highlight emerging players and their potential impact on the market.
Technological Developments: The research report can delve into the latest technological developments in the Handheld Digital Multimeter industry. This include advancements in Handheld Digital Multimeter technology, Handheld Digital Multimeter new entrants, Handheld Digital Multimeter new investment, and other innovations that are shaping the future of Handheld Digital Multimeter.
Downstream Procumbent Preference: The report can shed light on customer procumbent behaviour and adoption trends in the Handheld Digital Multimeter market. It includes factors influencing customer ' purchasing decisions, preferences for Handheld Digital Multimeter product.
Government Policies and Incentives: The research report analyse the impact of government policies and incentives on the Handheld Digital Multimeter market. This may include an assessment of regulatory frameworks, subsidies, tax incentives, and other measures aimed at promoting Handheld Digital Multimeter market. The report also evaluates the effectiveness of these policies in driving market growth.
Environmental Impact and Sustainability: The research report assess the environmental impact and sustainability aspects of the Handheld Digital Multimeter market.
Market Forecasts and Future Outlook: Based on the analysis conducted, the research report provide market forecasts and outlook for the Handheld Digital Multimeter industry. This includes projections of market size, growth rates, regional trends, and predictions on technological advancements and policy developments.
Recommendations and Opportunities: The report conclude with recommendations for industry stakeholders, policymakers, and investors. It highlights potential opportunities for market players to capitalize on emerging trends, overcome challenges, and contribute to the growth and development of the Handheld Digital Multimeter market.
Market Segmentation:
Handheld Digital Multimeter market is split by Type and by Application. For the period 2019-2030, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value.
Segmentation by type
3.5 Digit
4.5 Digit
Segmentation by application
Industrial
General Purpose
Others
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Fluke
Keysight Technologies
FLIR Systems
Yokogawa
HIOKI
Chauvin Arnoux Group
Klein Tools
Amprobe
B&K Precision
Mastech Digital
Uni-Trend Technology
CEM
Shen Zhen Victor Hi-tech
Key Questions Addressed in this Report
What is the 10-year outlook for the global Handheld Digital Multimeter market?
What factors are driving Handheld Digital Multimeter market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Handheld Digital Multimeter market opportunities vary by end market size?
How does Handheld Digital Multimeter break out type, application?

Please Note - This is an on demand report and will be delivered in 2 business days (48 hours) post payment.

Table Of Contents:

1 Scope of the Report
1.1 Market Introduction
1.2 Years Considered
1.3 Research Objectives
1.4 Market Research Methodology
1.5 Research Process and Data Source
1.6 Economic Indicators
1.7 Currency Considered
1.8 Market Estimation Caveats
2 Executive Summary
2.1 World Market Overview
2.1.1 Global Handheld Digital Multimeter Annual Sales 2019-2030
2.1.2 World Current & Future Analysis for Handheld Digital Multimeter by Geographic Region, 2019, 2023 & 2030
2.1.3 World Current & Future Analysis for Handheld Digital Multimeter by Country/Region, 2019, 2023 & 2030
2.2 Handheld Digital Multimeter Segment by Type
2.2.1 3.5 Digit
2.2.2 4.5 Digit
2.3 Handheld Digital Multimeter Sales by Type
2.3.1 Global Handheld Digital Multimeter Sales Market Share by Type (2019-2024)
2.3.2 Global Handheld Digital Multimeter Revenue and Market Share by Type (2019-2024)
2.3.3 Global Handheld Digital Multimeter Sale Price by Type (2019-2024)
2.4 Handheld Digital Multimeter Segment by Application
2.4.1 Industrial
2.4.2 General Purpose
2.4.3 Others
2.5 Handheld Digital Multimeter Sales by Application
2.5.1 Global Handheld Digital Multimeter Sale Market Share by Application (2019-2024)
2.5.2 Global Handheld Digital Multimeter Revenue and Market Share by Application (2019-2024)
2.5.3 Global Handheld Digital Multimeter Sale Price by Application (2019-2024)
3 Global Handheld Digital Multimeter by Company
3.1 Global Handheld Digital Multimeter Breakdown Data by Company
3.1.1 Global Handheld Digital Multimeter Annual Sales by Company (2019-2024)
3.1.2 Global Handheld Digital Multimeter Sales Market Share by Company (2019-2024)
3.2 Global Handheld Digital Multimeter Annual Revenue by Company (2019-2024)
3.2.1 Global Handheld Digital Multimeter Revenue by Company (2019-2024)
3.2.2 Global Handheld Digital Multimeter Revenue Market Share by Company (2019-2024)
3.3 Global Handheld Digital Multimeter Sale Price by Company
3.4 Key Manufacturers Handheld Digital Multimeter Producing Area Distribution, Sales Area, Product Type
3.4.1 Key Manufacturers Handheld Digital Multimeter Product Location Distribution
3.4.2 Players Handheld Digital Multimeter Products Offered
3.5 Market Concentration Rate Analysis
3.5.1 Competition Landscape Analysis
3.5.2 Concentration Ratio (CR3, CR5 and CR10) & (2019-2024)
3.6 New Products and Potential Entrants
3.7 Mergers & Acquisitions, Expansion
4 World Historic Review for Handheld Digital Multimeter by Geographic Region
4.1 World Historic Handheld Digital Multimeter Market Size by Geographic Region (2019-2024)
4.1.1 Global Handheld Digital Multimeter Annual Sales by Geographic Region (2019-2024)
4.1.2 Global Handheld Digital Multimeter Annual Revenue by Geographic Region (2019-2024)
4.2 World Historic Handheld Digital Multimeter Market Size by Country/Region (2019-2024)
4.2.1 Global Handheld Digital Multimeter Annual Sales by Country/Region (2019-2024)
4.2.2 Global Handheld Digital Multimeter Annual Revenue by Country/Region (2019-2024)
4.3 Americas Handheld Digital Multimeter Sales Growth
4.4 APAC Handheld Digital Multimeter Sales Growth
4.5 Europe Handheld Digital Multimeter Sales Growth
4.6 Middle East & Africa Handheld Digital Multimeter Sales Growth
5 Americas
5.1 Americas Handheld Digital Multimeter Sales by Country
5.1.1 Americas Handheld Digital Multimeter Sales by Country (2019-2024)
5.1.2 Americas Handheld Digital Multimeter Revenue by Country (2019-2024)
5.2 Americas Handheld Digital Multimeter Sales by Type
5.3 Americas Handheld Digital Multimeter Sales by Application
5.4 United States
5.5 Canada
5.6 Mexico
5.7 Brazil
6 APAC
6.1 APAC Handheld Digital Multimeter Sales by Region
6.1.1 APAC Handheld Digital Multimeter Sales by Region (2019-2024)
6.1.2 APAC Handheld Digital Multimeter Revenue by Region (2019-2024)
6.2 APAC Handheld Digital Multimeter Sales by Type
6.3 APAC Handheld Digital Multimeter Sales by Application
6.4 China
6.5 Japan
6.6 South Korea
6.7 Southeast Asia
6.8 India
6.9 Australia
6.10 China Taiwan
7 Europe
7.1 Europe Handheld Digital Multimeter by Country
7.1.1 Europe Handheld Digital Multimeter Sales by Country (2019-2024)
7.1.2 Europe Handheld Digital Multimeter Revenue by Country (2019-2024)
7.2 Europe Handheld Digital Multimeter Sales by Type
7.3 Europe Handheld Digital Multimeter Sales by Application
7.4 Germany
7.5 France
7.6 UK
7.7 Italy
7.8 Russia
8 Middle East & Africa
8.1 Middle East & Africa Handheld Digital Multimeter by Country
8.1.1 Middle East & Africa Handheld Digital Multimeter Sales by Country (2019-2024)
8.1.2 Middle East & Africa Handheld Digital Multimeter Revenue by Country (2019-2024)
8.2 Middle East & Africa Handheld Digital Multimeter Sales by Type
8.3 Middle East & Africa Handheld Digital Multimeter Sales by Application
8.4 Egypt
8.5 South Africa
8.6 Israel
8.7 Turkey
8.8 GCC Countries
9 Market Drivers, Challenges and Trends
9.1 Market Drivers & Growth Opportunities
9.2 Market Challenges & Risks
9.3 Industry Trends
10 Manufacturing Cost Structure Analysis
10.1 Raw Material and Suppliers
10.2 Manufacturing Cost Structure Analysis of Handheld Digital Multimeter
10.3 Manufacturing Process Analysis of Handheld Digital Multimeter
10.4 Industry Chain Structure of Handheld Digital Multimeter
11 Marketing, Distributors and Customer
11.1 Sales Channel
11.1.1 Direct Channels
11.1.2 Indirect Channels
11.2 Handheld Digital Multimeter Distributors
11.3 Handheld Digital Multimeter Customer
12 World Forecast Review for Handheld Digital Multimeter by Geographic Region
12.1 Global Handheld Digital Multimeter Market Size Forecast by Region
12.1.1 Global Handheld Digital Multimeter Forecast by Region (2025-2030)
12.1.2 Global Handheld Digital Multimeter Annual Revenue Forecast by Region (2025-2030)
12.2 Americas Forecast by Country
12.3 APAC Forecast by Region
12.4 Europe Forecast by Country
12.5 Middle East & Africa Forecast by Country
12.6 Global Handheld Digital Multimeter Forecast by Type
12.7 Global Handheld Digital Multimeter Forecast by Application
13 Key Players Analysis
13.1 Fluke
13.1.1 Fluke Company Information
13.1.2 Fluke Handheld Digital Multimeter Product Portfolios and Specifications
13.1.3 Fluke Handheld Digital Multimeter Sales, Revenue, Price and Gross Margin (2019-2024)
13.1.4 Fluke Main Business Overview
13.1.5 Fluke Latest Developments
13.2 Keysight Technologies
13.2.1 Keysight Technologies Company Information
13.2.2 Keysight Technologies Handheld Digital Multimeter Product Portfolios and Specifications
13.2.3 Keysight Technologies Handheld Digital Multimeter Sales, Revenue, Price and Gross Margin (2019-2024)
13.2.4 Keysight Technologies Main Business Overview
13.2.5 Keysight Technologies Latest Developments
13.3 FLIR Systems
13.3.1 FLIR Systems Company Information
13.3.2 FLIR Systems Handheld Digital Multimeter Product Portfolios and Specifications
13.3.3 FLIR Systems Handheld Digital Multimeter Sales, Revenue, Price and Gross Margin (2019-2024)
13.3.4 FLIR Systems Main Business Overview
13.3.5 FLIR Systems Latest Developments
13.4 Yokogawa
13.4.1 Yokogawa Company Information
13.4.2 Yokogawa Handheld Digital Multimeter Product Portfolios and Specifications
13.4.3 Yokogawa Handheld Digital Multimeter Sales, Revenue, Price and Gross Margin (2019-2024)
13.4.4 Yokogawa Main Business Overview
13.4.5 Yokogawa Latest Developments
13.5 HIOKI
13.5.1 HIOKI Company Information
13.5.2 HIOKI Handheld Digital Multimeter Product Portfolios and Specifications
13.5.3 HIOKI Handheld Digital Multimeter Sales, Revenue, Price and Gross Margin (2019-2024)
13.5.4 HIOKI Main Business Overview
13.5.5 HIOKI Latest Developments
13.6 Chauvin Arnoux Group
13.6.1 Chauvin Arnoux Group Company Information
13.6.2 Chauvin Arnoux Group Handheld Digital Multimeter Product Portfolios and Specifications
13.6.3 Chauvin Arnoux Group Handheld Digital Multimeter Sales, Revenue, Price and Gross Margin (2019-2024)
13.6.4 Chauvin Arnoux Group Main Business Overview
13.6.5 Chauvin Arnoux Group Latest Developments
13.7 Klein Tools
13.7.1 Klein Tools Company Information
13.7.2 Klein Tools Handheld Digital Multimeter Product Portfolios and Specifications
13.7.3 Klein Tools Handheld Digital Multimeter Sales, Revenue, Price and Gross Margin (2019-2024)
13.7.4 Klein Tools Main Business Overview
13.7.5 Klein Tools Latest Developments
13.8 Amprobe
13.8.1 Amprobe Company Information
13.8.2 Amprobe Handheld Digital Multimeter Product Portfolios and Specifications
13.8.3 Amprobe Handheld Digital Multimeter Sales, Revenue, Price and Gross Margin (2019-2024)
13.8.4 Amprobe Main Business Overview
13.8.5 Amprobe Latest Developments
13.9 B&K Precision
13.9.1 B&K Precision Company Information
13.9.2 B&K Precision Handheld Digital Multimeter Product Portfolios and Specifications
13.9.3 B&K Precision Handheld Digital Multimeter Sales, Revenue, Price and Gross Margin (2019-2024)
13.9.4 B&K Precision Main Business Overview
13.9.5 B&K Precision Latest Developments
13.10 Mastech Digital
13.10.1 Mastech Digital Company Information
13.10.2 Mastech Digital Handheld Digital Multimeter Product Portfolios and Specifications
13.10.3 Mastech Digital Handheld Digital Multimeter Sales, Revenue, Price and Gross Margin (2019-2024)
13.10.4 Mastech Digital Main Business Overview
13.10.5 Mastech Digital Latest Developments
13.11 Uni-Trend Technology
13.11.1 Uni-Trend Technology Company Information
13.11.2 Uni-Trend Technology Handheld Digital Multimeter Product Portfolios and Specifications
13.11.3 Uni-Trend Technology Handheld Digital Multimeter Sales, Revenue, Price and Gross Margin (2019-2024)
13.11.4 Uni-Trend Technology Main Business Overview
13.11.5 Uni-Trend Technology Latest Developments
13.12 CEM
13.12.1 CEM Company Information
13.12.2 CEM Handheld Digital Multimeter Product Portfolios and Specifications
13.12.3 CEM Handheld Digital Multimeter Sales, Revenue, Price and Gross Margin (2019-2024)
13.12.4 CEM Main Business Overview
13.12.5 CEM Latest Developments
13.13 Shen Zhen Victor Hi-tech
13.13.1 Shen Zhen Victor Hi-tech Company Information
13.13.2 Shen Zhen Victor Hi-tech Handheld Digital Multimeter Product Portfolios and Specifications
13.13.3 Shen Zhen Victor Hi-tech Handheld Digital Multimeter Sales, Revenue, Price and Gross Margin (2019-2024)
13.13.4 Shen Zhen Victor Hi-tech Main Business Overview
13.13.5 Shen Zhen Victor Hi-tech Latest Developments
14 Research Findings and Conclusion

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