Precision Meter Market, By Type of Measurement (Voltage Meters, Current Meters, Power Meters, Frequency Meters, Energy Meters, Temperature Meters, and Others, By End User: Electrical and Electronics, Automotive, Aerospace and Defense, Energy and Utilities, Manufacturing, Healthcare, Research and Development, and Others), By Technology (Analog Meters, Digital Meters, and Smart Meters), By Application (Research and Development, Quality Control and Testing, Process Monitoring and Control, Energy Management, Power Distribution and Grid Monitoring, Industrial Automation, and Others), By Region (North America, Europe, Asia Pacific, Latin America, Middle East, and Africa)
The global precision meter market has been witnessing significant growth over the past few years owing to burgeoning demand from various industries including automotive, healthcare, electronics manufacturing and construction. Precision meters are used to measure different physical parameters like volume, flow, pressure, weight and temperature with high accuracy. Advancements in sensor technology coupled with automation across industrial sectors have fuelled the adoption of precision meters. The growing emphasis on quality control and conformity to standards has further augmented the need for precision measurement equipment. Additionally, stringent regulations governing industries have mandated deployment of precision equipment’s to ensure process integrity is maintained. The market is expected to grow substantially in the coming years due to rising investments in industry 4.0 and IoT based solutions that leverage precision sensors and meters.
Market Dynamics
Global precision meter market is expected to witness notable growth during the forecast period due to several drivers such as growing automation trend across different industries, rising need for calibrated and consistent measurements, increasing focus on quality control and regulatory compliance. Furthermore, advancements in measurement technologies, continuous innovations led by major players, and growing applications in healthcare monitoring are likely to create new opportunities in coming years. However, high costs associated with precision meters may negatively impact the market demand to some extent. Also, trade barriers and political uncertainty across few regions are expected to restraint the precision meter market growth.
Key features of the study:
This report provides in-depth analysis of the global precision meter market, and provides market size (US$ Bn) and compound annual growth rate (CAGR %) for the forecast period (2023–2030), considering 2022 as the base year
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
It profiles key players in the global precision meter market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
Key companies covered as a part of this study include Keysight Technologies, Fluke Corporation (Fortive Corporation), Rohde & Schwarz, Yokogawa Electric Corporation, Agilent Technologies, Anritsu Corporation, Tektronix (Fortive Corporation), EXFO Inc., B&K Precision Corporation, Hioki E.E. Corporation, Chauvin Arnoux Group,, AMETEK, Inc., National Instruments Corporation, Gossen Metrawatt, and Keithley Instruments (Tektronix).
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
Global precision meter market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global precision meter market
Detailed Segmentation:
By Type of Measurement
Voltage Meters
Current Meters
Power Meters
Frequency Meters
Energy Meters
Temperature Meters
Others
By Technology
Analog Meters
Digital Meters
Smart Meters
By End User
Electrical and Electronics
Automotive
Aerospace and Defense
Energy and Utilities
Manufacturing
Healthcare
Others
By Geography:
North America
Europe
Asia Pacific
Latin America
Middle East and Africa
Company Profiles:
Keysight Technologies
Fluke Corporation (Fortive Corporation)
Rohde & Schwarz
Yokogawa Electric Corporation
Agilent Technologies
Anritsu Corporation
Tektronix (Fortive Corporation)
EXFO Inc.
B&K Precision Corporation
Hioki E.E. Corporation
Chauvin Arnoux Group
AMETEK, Inc.
National Instruments Corporation
Gossen Metrawatt
Keithley Instruments (Tektronix)
1. Research Objectives and Assumptions
Research Objectives
Assumptions
Abbreviations
2. Market Purview
Report Description
Market Definition and Scope
Executive Summary
Market Snippet, By Type of Measurement
Market Snippet, By Technology
Market Snippet, By End User
Market Snippet, By Region
Coherent Opportunity Map (COM)
3. Market Dynamics, Regulations, and Trends Analysis
Market Dynamics
Drivers
Advancements in sensor and measurement technologies
Increasing automation and digitization
Restraints
Complex installation and maintenance
Compatibility and integration challenges
Opportunities
Expansion in emerging industries
Integration with smart grid and energy management systems
Key Highlights
Regulatory Scenario
Recent Trends
Product Launches/Approvals
PEST Analysis
PORTER’s Analysis
Mergers, Acquisitions, and Collaborations
4. Global Precision Meter Market – Impact of Coronavirus (COVID-19) Pandemic
COVID-19 Epidemiology
Supply Side and Demand Side Analysis
Economic Impact
5. Global Precision Meter Market, By Type of Measurement, 2017-2030, (US$ Bn)
Introduction
Market Share Analysis, 2023 and 2030 (%)
Y-o-Y Growth Analysis, 2018 – 2030
Segment Trends
Voltage Meters
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Bn)
Current Meters
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Bn)
Power Meters
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Bn)
Frequency Meters
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Bn)
Energy Meters
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Bn)
Temperature Meters
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Bn)
Others
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Bn)
6. Global Precision Meter Market, By End User, 2017-2030, (US$ Bn)
Introduction
Market Share Analysis, 2023 and 2030 (%)
Y-o-Y Growth Analysis, 2018 – 2030
Segment Trends
Electrical and Electronics
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Bn)
Automotive
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Bn)
Aerospace and Defense
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Bn)
Energy and Utilities
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Bn)
Manufacturing
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Bn)
Healthcare
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Bn)
Others
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Bn)
7. Global Precision Meter Market, By Technology, 2017-2030, (US$ Bn)
Introduction
Market Share Analysis, 2023 and 2030 (%)
Y-o-Y Growth Analysis, 2018 – 2030
Segment Trends
Analog Meters
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Bn)
Digital Meters
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Bn)
Smart Meters
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Bn)
Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Bn)
8. Global Precision Meter Market, By Region, 2017-2030, (US$ Bn)
Introduction
Market Share Analysis, By Sub-region, 2023 and 2030 (%)
Y-o-Y Growth Analysis, For Sub-region, 2018 –2030
Country Trends
North America
Introduction
Market Size and Forecast, and Y-o-Y Growth, By Type of Measurement, 2017-2030,(US$ Bn)
Market Size and Forecast, and Y-o-Y Growth, By Technology, 2017-2030,(US$ Bn)
Market Size and Forecast, and Y-o-Y Growth, By End User, 2017-2030,(US$ Bn)
Market Size and Forecast, and Y-o-Y Growth, By Country, 2017-2030,(US$ Bn)
U.S.
Canada
Europe
Introduction
Market Size and Forecast, and Y-o-Y Growth, By Type of Measurement, 2017-2030,(US$ Bn)
Market Size and Forecast, and Y-o-Y Growth, By Technology, 2017-2030,(US$ Bn)
Market Size and Forecast, and Y-o-Y Growth, By End User, 2017-2030,(US$ Bn)
Market Size and Forecast, and Y-o-Y Growth, By Country, 2017-2030,(US$ Bn)
Germany
U.K.
Spain
France
Italy
Russia
Rest of Europe
Asia Pacific
Introduction
Market Size and Forecast, and Y-o-Y Growth, By Type of Measurement, 2017-2030,(US$ Bn)
Market Size and Forecast, and Y-o-Y Growth, By Technology, 2017-2030,(US$ Bn)
Market Size and Forecast, and Y-o-Y Growth, By End User, 2017-2030,(US$ Bn)
Market Size and Forecast, and Y-o-Y Growth, By Country, 2017-2030,(US$ Bn)
China
India
Japan
Australia
South Korea
ASEAN
Rest of Asia Pacific
Latin America
Introduction
Market Size and Forecast, and Y-o-Y Growth, By Type of Measurement, 2017-2030,(US$ Bn)
Market Size and Forecast, and Y-o-Y Growth, By Technology, 2017-2030,(US$ Bn)
Market Size and Forecast, and Y-o-Y Growth, By End-User, 2017-2030,(US$ Bn)
Market Size and Forecast, and Y-o-Y Growth, By Country, 2017-2030,(US$ Bn)
Brazil
Argentina
Mexico
Rest of Latin America
Middle East & Africa
Introduction
Market Size and Forecast, and Y-o-Y Growth, By Type of Measurement, 2017-2030,(US$ Bn)
Market Size and Forecast, and Y-o-Y Growth, By Technology, 2017-2030,(US$ Bn)
Market Size and Forecast, and Y-o-Y Growth, By End User, 2017-2030,(US$ Bn)
Market Size and Forecast, and Y-o-Y Growth, By Country/Sub-region, 2017-2030,(US$ Bn)
GCC Countries
Israel
South Africa
North Africa
Central Africa
Rest of Middle East
9. Competitive Landscape
Company Profile
Keysight Technologies
Company Highlights
Product Portfolio
Key Developments
Financial Performance
Strategies
Fluke Corporation (Fortive Corporation)
Rohde & Schwarz
Yokogawa Electric Corporation
Agilent Technologies
Anritsu Corporation
Tektronix (Fortive Corporation)
EXFO Inc.
B&K Precision Corporation
Hioki E.E. Corporation
Chauvin Arnoux Group
AMETEK, Inc.
National Instruments Corporation
Gossen Metrawatt
Keithley Instruments (Tektronix)
Analyst Views
10. Section
References
Research Methodology
About us
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