Digital multimeter market worth $1,047 million by 2024

1. Digital Multimeter Market worth $1,047 Million by 2024 According to the new market research report “Digital Multimeter Market by Type (Handheld, Benchtop, Mounted), Ranging Type (Auto-ranging, Manual), Application (Automotive, Energy, Consumer Electronics & Appliances, Medical Equipment Manufacturing), and Region - Global Forecast to 2024", The global digital multimeter market size is projected to reach USD 1,047 million by 2024 from an estimated market size of USD 847 million in 2019, at a CAGR of 4.3% during the forecast period. The global industry is set to witness significant growth owing to increased penetration of electronic devices across various end-user industries and the low cost and multifunctional nature of multimeters. Browse 104 market data Tables and 35 Figures spread through 178 Pages and in-depth TOC on “Digital Multimeter Market“ https://www.marketsandmarkets.com/Market-Reports/digital-multimeter-market-19694516.html Early buyers will receive 10% customization on reports. The handheld segment is expected to be the largest market during the forecast period The handheld digital multimeter segment is projected to account for the largest portion of the global digital multimeter market share, by type, during the forecast period. It has the largest share owing to its portability and low cost. These attributes are anticipated in playing an essential role in driving their demand in the automotive and energy sectors, regardless of them already being the major application areas. Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=19694516 The auto-ranging multimeter segment is expected to be the fastest-growing segment in the digital multimeter industry, by ranging type, during the forecast period The auto-ranging multimeter segment is expected to grow at the highest rate during the forecast period. This growth can be attributed to the ease of use while operating the auto-ranging multimeters. These multimeters do not require much technical expertise to operate, making it an attractive option for a large number of users. North America is expected to be the fastest-growing digital multimeter market during the forecast period. The growing demand for electric vehicles, connected and autonomous vehicles are expected to drive the demand for digital multimeters. With the increased usage of electronic devices and components in traditional automobiles, the need for test and measurement instruments, including digital multimeter, is expected to increase. The US, which is the largest country in North America, is also the world’s largest military spender. The country has increased its military spending for the fifth consecutive year. These growing investments in automotive and defense sectors are expected to drive the digital multimeter market.

2. Request Sample Copy @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=19694516 To enable an in-depth understanding of the competitive landscape, the report includes the profiles of some of the top players in the digital multimeter market. These include Fluke Corporation (the US), Tektronix (US), Keysight Technologies (US), Yokogawa (Japan), Gossen Metrawatt (Germany), and Hioki (Japan). The leading players are trying to establish themselves in the markets of developed countries and are adopting various strategies to increase their respective market shares. About MarketsandMarkets™ MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions. Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve. MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. Contact: Mr. Sanjay Gupta MarketsandMarkets™ INC. 630 Dundee Road Suite 430 Northbrook, IL 60062 USA : 1-888-600-6441 newsletter@marketsandmarkets.com