According to a market report by Lucintel, the future of the global handheld digital multimeter market looks promising with opportunities in the industrial, automotive, and general purpose markets. The global handheld digital multimeter market is expected to reach an estimated $1 billion by 2030, at a CAGR of 6% from 2024 to 2030. The major drivers for this market are rapid industrialization in developing nations, such as China and India and high demand of testing & calibration devices in different industries.
A more
than 150-page report to understand trends, opportunity and forecast in global handheld
digital multimeter market to 2030 by type (3.5 digit and 4.5 digit), ranging
type (manual ranging and auto ranging), end use industry (industrial,
automotive, general purpose, and others), and region (North America, Europe,
Asia Pacific, and the Rest of the World).
Lucintel
forecasts that auto ranging is expected to witness higher growth over the
forecast period due to highest usage of highly accurate reading devices across
several end-uses.
Within
this market, industrial will remain the largest segment due to increasing need
for troubleshooting and maintaining electrical equipment, such as motors,
generators, and control systems.
Download
sample by clicking on handheld
digital multimeter market.
APAC is
expected to witness highest growth over the forecast period due to the presence
of the world’s largest electronic manufacturing companies operate in the region
along with the availability of cheap labor and raw materials.
Fluke,
Keysight, Teledyne, MGL International, Yokogawa, RS Components & Controls,
CEM Instruments, UniTEQ, HIOKI E.E., Hach are the major suppliers in the handheld digital multimeter market.
This unique research
report will enable you to make confident business decisions in this globally
competitive marketplace. For a detailed table of contents, contact Lucintel at
+1-972-636-5056 or write us at helpdesk@lucintel.com. To get access of more than 1000 reports at fraction of cost
visit Lucintel's Analytics
Dashboard.
About Lucintel
At Lucintel, we offer solutions for
you growth through game changer ideas and robust market &
unmet needs analysis. We are based in
Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20
years. We are quoted in several publications like the Wall Street Journal, ZACKS,
and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. +1-972-636-5056
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