Digital Multimeter Market Share, Production Value, Gross Margin Analysis, Sales, Demand and Global Forecast 2023

Pune, India — (PRESS RELEASE JET) — 10/26/2017 — Market Synopsis of Digital Multimeter Market

Market Scenario

The companies such as Fluke Corporation (U.S.), Innova Electronics Corporation (U.S.), Klein Tools (U.S.), Amprobe (U.S), Mastech Digital (U.S.), are the leading manufacturers of digital multimeter in the market. Fluke Corporation announced the enhancement by enabling users to store document, and analyze individual measurements to its bench digital millimeter via FlukeView Forms software and it also increases the power of digital multimeter.

The factors that drive the growth market are the increasing adoption of electronic devices by the people. The digital multimeter are multifunctional features, dual display resolution and others. The multi-functionality digital multimeter is expected to grow with high demand in the market as it measures with high accuracy and low cost. It has certain limitations regarding its short variations in voltages may cause equipment to shut down.

The global Digital Multimeter Market are bifurcated on the basis of types, digital types, end users and region. The types are segmented into handheld, bench-top, mounted, and others. The digital types are segmented into autoranging, clamp digital, fluke digital and others. The end users are segmented automotive, manufacturing, energy industry, residential, commercial and others. The region includes North America, Europe, Asia Pacific and rest of the world.

The regional analysis of digital multimeter market is being studied for region such as Asia pacific, North America, Europe and Rest of the World. North America is one of the leading region across the world in terms of market share in digital multimeter market as it has huge demand as it is widely used in the electronics industry for electronic measurement. The digital multimeter market in Europe region is expected to witness rapid growth in the forthcoming period. Whereas, Asia-Pacific countries like China, Japan and India is an emerging market for digital multimeter market and expected to be the highest CAGR in the coming years as the companies are taking interest in targeting the digital multimeter in these market to meet the requirement of customers’ need.

The global digital multimeter market is expected to grow at USD ~1 Billion by 2023, at ~3% of CAGR between 2017 and 2023.

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Key Players:

The prominent players in the global digital multimeter market are – Fluke Corporation (U.S.), Innova Electronics Corporation (U.S.), Klein Tools (U.S.), Amprobe (U.S), Mastech Digital (U.S.), Extech Instrument (U.S.), UNI-T (China), Rohde & Schwarz GmbH & Co KG (Germany), Kaito Electronics, Inc. (U.S), Etekcity Corporation (U.S.) and among others.


The global digital multimeter market has been segmented on the basis of types, digital types, end users and region.

Global Digital multimeter Market By Type:


Global Digital multimeter Market By digital Types:

Auto ranging
Clamp Digital
Fluke Digital

Global Digital multimeter Market By End Users:


Global Digital multimeter Market By Regions:

North America
Rest Of The World

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Intended Audience

Digital multimeter companies
Digital multimeter providers
Professional service providers
Digital multimeter providers
Research and development companies
Market research and consulting firms
Solution providers
Technology standards organizations
Technology investors
System Integrators

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About the Author: Carrie Brunner

Carrie Brunner grew up in a small town in northern New Brunswick. She studied chemistry in college, graduated, and married her husband one month later. They were then blessed with two baby boys within the first four years of marriage. Having babies gave their family a desire to return to the old paths – to nourish their family with traditional, homegrown foods; rid their home of toxic chemicals and petroleum products; and give their boys a chance to know a simple, sustainable way of life. They are currently building a homestead from scratch on two little acres in central Texas. There’s a lot to be done to become somewhat self-sufficient, but they are debt-free and get to spend their days living this simple, good life together with their five young children. Carrie writes mostly on provincial stories.
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