Industrial Multimeters

Industrial Multimeters


Global Industrial Multimeters Market to Reach $787.5 Million by 2030
The global market for Industrial Multimeters estimated at US$638.3 Million in the year 2023, is expected to reach US$787.5 Million by 2030, growing at a CAGR of 3% over the analysis period 2023-2030. OEM End-Use, one of the segments analyzed in the report, is expected to record a 3% CAGR and reach US$394.3 Million by the end of the analysis period. Growth in the In-House Industrial Users End-Use segment is estimated at 3.4% CAGR for the next 7-year period.

The U.S. Market is Estimated at $191.1 Million, While China is Forecast to Grow at 3% CAGR
The Industrial Multimeters market in the U.S. is estimated at US$191.1 Million in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$141.2 Million by the year 2030 trailing a CAGR of 3% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.8% and 2.6% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 3.2% CAGR.

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What to Expect from the Global Economy in 2024
Edgy geopolitics, and economic instability caused by monetary policy tightening and ensuing higher interest rates will create a tumultuous landscape for 2024. Several factors will continue to exert pressure on the path to recovery including hostilities in the Middle East and increasingly common climate disasters. Among the risks, several positives are also taking shape such as growing signs of disinflation and easing of anxiety over stubborn inflation, supply chain normalization and price moderation despite volatility in energy costs. Elections across several G21 jurisdictions, notably in India and the United States, will have potential ramifications for capital flows and investment strategies. While India emerges as a compelling destination in the global investment landscape, U.S, based tech firms will continue to dominate, fueled by a dynamic ecosystem of talent and capital. Tech opportunities in Silicon Valley and beyond remain attractive for investors seeking high-growth prospects supported largely by a resilient albeit slowing domestic economy and conducive regulatory environment. Europe will continue to battle tight monetary policy and recession risks with U.K. having the most challenging outlook and running the greatest risk of recession in 2024. China remains a wild card with hope for growth in the country underpinned by government spending and improvements in consumer spending. The volatile environment will offer both opportunities and challenges for investors and businesses alike. Embracing volatility as a catalyst for growth together with agility and strategic foresight in navigating investment decisions will remain important for survival.

Select Competitors (Total 58 Featured) -
  • ABB Group
  • Fluke Corporation
  • Giga-tronics Inc.
  • National Instruments Corporation
  • Yokogawa Electric Corporation
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I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
Influencer Market Insights
Industrial Multimeters - Global Key Competitors Percentage Market Share in 2024 (E)
Global Economic Update
Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2024 (E)
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
TABLE 1: World Recent Past, Current & Future Analysis for Industrial Multimeters by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
TABLE 2: World Historic Review for Industrial Multimeters by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
TABLE 3: World 16-Year Perspective for Industrial Multimeters by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets for Years 2014, 2024 & 2030
TABLE 4: World Recent Past, Current & Future Analysis for In-House Industrial Users by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
TABLE 5: World Historic Review for In-House Industrial Users by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
TABLE 6: World 16-Year Perspective for In-House Industrial Users by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2014, 2024 & 2030
TABLE 7: World Recent Past, Current & Future Analysis for Third-Party Service Providers by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
TABLE 8: World Historic Review for Third-Party Service Providers by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
TABLE 9: World 16-Year Perspective for Third-Party Service Providers by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2014, 2024 & 2030
TABLE 10: World Industrial Multimeters Market Analysis of Annual Sales in US$ Thousand for Years 2014 through 2030
TABLE 11: World Recent Past, Current & Future Analysis for OEM by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
TABLE 12: World Historic Review for OEM by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
TABLE 13: World 16-Year Perspective for OEM by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2014, 2024 & 2030
III. MARKET ANALYSIS
UNITED STATES
Industrial Multimeters Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2024 (E)
TABLE 14: USA Recent Past, Current & Future Analysis for Industrial Multimeters by End-Use - OEM, In-House Industrial Users and Third-Party Service Providers - Independent Analysis of Annual Sales in US$ Thousand for the Years 2023 through 2030 and % CAGR
TABLE 15: USA Historic Review for Industrial Multimeters by End-Use - OEM, In-House Industrial Users and Third-Party Service Providers Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
TABLE 16: USA 16-Year Perspective for Industrial Multimeters by End-Use - Percentage Breakdown of Value Sales for OEM, In-House Industrial Users and Third-Party Service Providers for the Years 2014, 2024 & 2030
CANADA
TABLE 17: Canada Recent Past, Current & Future Analysis for Industrial Multimeters by End-Use - OEM, In-House Industrial Users and Third-Party Service Providers - Independent Analysis of Annual Sales in US$ Thousand for the Years 2023 through 2030 and % CAGR
TABLE 18: Canada Historic Review for Industrial Multimeters by End-Use - OEM, In-House Industrial Users and Third-Party Service Providers Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
TABLE 19: Canada 16-Year Perspective for Industrial Multimeters by End-Use - Percentage Breakdown of Value Sales for OEM, In-House Industrial Users and Third-Party Service Providers for the Years 2014, 2024 & 2030
JAPAN
Industrial Multimeters Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2024 (E)
TABLE 20: Japan Recent Past, Current & Future Analysis for Industrial Multimeters by End-Use - OEM, In-House Industrial Users and Third-Party Service Providers - Independent Analysis of Annual Sales in US$ Thousand for the Years 2023 through 2030 and % CAGR
TABLE 21: Japan Historic Review for Industrial Multimeters by End-Use - OEM, In-House Industrial Users and Third-Party Service Providers Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
TABLE 22: Japan 16-Year Perspective for Industrial Multimeters by End-Use - Percentage Breakdown of Value Sales for OEM, In-House Industrial Users and Third-Party Service Providers for the Years 2014, 2024 & 2030
CHINA
Industrial Multimeters Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2024 (E)
TABLE 23: China Recent Past, Current & Future Analysis for Industrial Multimeters by End-Use - OEM, In-House Industrial Users and Third-Party Service Providers - Independent Analysis of Annual Sales in US$ Thousand for the Years 2023 through 2030 and % CAGR
TABLE 24: China Historic Review for Industrial Multimeters by End-Use - OEM, In-House Industrial Users and Third-Party Service Providers Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
TABLE 25: China 16-Year Perspective for Industrial Multimeters by End-Use - Percentage Breakdown of Value Sales for OEM, In-House Industrial Users and Third-Party Service Providers for the Years 2014, 2024 & 2030
EUROPE
Industrial Multimeters Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2024 (E)
TABLE 26: Europe Recent Past, Current & Future Analysis for Industrial Multimeters by Geographic Region - France, Germany, Italy, UK and Rest of Europe Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
TABLE 27: Europe Historic Review for Industrial Multimeters by Geographic Region - France, Germany, Italy, UK and Rest of Europe Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
TABLE 28: Europe 16-Year Perspective for Industrial Multimeters by Geographic Region - Percentage Breakdown of Value Sales for France, Germany, Italy, UK and Rest of Europe Markets for Years 2014, 2024 & 2030
TABLE 29: Europe Recent Past, Current & Future Analysis for Industrial Multimeters by End-Use - OEM, In-House Industrial Users and Third-Party Service Providers - Independent Analysis of Annual Sales in US$ Thousand for the Years 2023 through 2030 and % CAGR
TABLE 30: Europe Historic Review for Industrial Multimeters by End-Use - OEM, In-House Industrial Users and Third-Party Service Providers Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
TABLE 31: Europe 16-Year Perspective for Industrial Multimeters by End-Use - Percentage Breakdown of Value Sales for OEM, In-House Industrial Users and Third-Party Service Providers for the Years 2014, 2024 & 2030
FRANCE
Industrial Multimeters Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2024 (E)
TABLE 32: France Recent Past, Current & Future Analysis for Industrial Multimeters by End-Use - OEM, In-House Industrial Users and Third-Party Service Providers - Independent Analysis of Annual Sales in US$ Thousand for the Years 2023 through 2030 and % CAGR
TABLE 33: France Historic Review for Industrial Multimeters by End-Use - OEM, In-House Industrial Users and Third-Party Service Providers Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
TABLE 34: France 16-Year Perspective for Industrial Multimeters by End-Use - Percentage Breakdown of Value Sales for OEM, In-House Industrial Users and Third-Party Service Providers for the Years 2014, 2024 & 2030
GERMANY
Industrial Multimeters Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2024 (E)
TABLE 35: Germany Recent Past, Current & Future Analysis for Industrial Multimeters by End-Use - OEM, In-House Industrial Users and Third-Party Service Providers - Independent Analysis of Annual Sales in US$ Thousand for the Years 2023 through 2030 and % CAGR
TABLE 36: Germany Historic Review for Industrial Multimeters by End-Use - OEM, In-House Industrial Users and Third-Party Service Providers Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
TABLE 37: Germany 16-Year Perspective for Industrial Multimeters by End-Use - Percentage Breakdown of Value Sales for OEM, In-House Industrial Users and Third-Party Service Providers for the Years 2014, 2024 & 2030
ITALY
TABLE 38: Italy Recent Past, Current & Future Analysis for Industrial Multimeters by End-Use - OEM, In-House Industrial Users and Third-Party Service Providers - Independent Analysis of Annual Sales in US$ Thousand for the Years 2023 through 2030 and % CAGR
TABLE 39: Italy Historic Review for Industrial Multimeters by End-Use - OEM, In-House Industrial Users and Third-Party Service Providers Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
TABLE 40: Italy 16-Year Perspective for Industrial Multimeters by End-Use - Percentage Breakdown of Value Sales for OEM, In-House Industrial Users and Third-Party Service Providers for the Years 2014, 2024 & 2030
UNITED KINGDOM
Industrial Multimeters Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2024 (E)
TABLE 41: UK Recent Past, Current & Future Analysis for Industrial Multimeters by End-Use - OEM, In-House Industrial Users and Third-Party Service Providers - Independent Analysis of Annual Sales in US$ Thousand for the Years 2023 through 2030 and % CAGR
TABLE 42: UK Historic Review for Industrial Multimeters by End-Use - OEM, In-House Industrial Users and Third-Party Service Providers Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
TABLE 43: UK 16-Year Perspective for Industrial Multimeters by End-Use - Percentage Breakdown of Value Sales for OEM, In-House Industrial Users and Third-Party Service Providers for the Years 2014, 2024 & 2030
REST OF EUROPE
TABLE 44: Rest of Europe Recent Past, Current & Future Analysis for Industrial Multimeters by End-Use - OEM, In-House Industrial Users and Third-Party Service Providers - Independent Analysis of Annual Sales in US$ Thousand for the Years 2023 through 2030 and % CAGR
TABLE 45: Rest of Europe Historic Review for Industrial Multimeters by End-Use - OEM, In-House Industrial Users and Third-Party Service Providers Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
TABLE 46: Rest of Europe 16-Year Perspective for Industrial Multimeters by End-Use - Percentage Breakdown of Value Sales for OEM, In-House Industrial Users and Third-Party Service Providers for the Years 2014, 2024 & 2030
ASIA-PACIFIC
Industrial Multimeters Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2024 (E)
TABLE 47: Asia-Pacific Recent Past, Current & Future Analysis for Industrial Multimeters by End-Use - OEM, In-House Industrial Users and Third-Party Service Providers - Independent Analysis of Annual Sales in US$ Thousand for the Years 2023 through 2030 and % CAGR
TABLE 48: Asia-Pacific Historic Review for Industrial Multimeters by End-Use - OEM, In-House Industrial Users and Third-Party Service Providers Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
TABLE 49: Asia-Pacific 16-Year Perspective for Industrial Multimeters by End-Use - Percentage Breakdown of Value Sales for OEM, In-House Industrial Users and Third-Party Service Providers for the Years 2014, 2024 & 2030
REST OF WORLD
TABLE 50: Rest of World Recent Past, Current & Future Analysis for Industrial Multimeters by End-Use - OEM, In-House Industrial Users and Third-Party Service Providers - Independent Analysis of Annual Sales in US$ Thousand for the Years 2023 through 2030 and % CAGR
TABLE 51: Rest of World Historic Review for Industrial Multimeters by End-Use - OEM, In-House Industrial Users and Third-Party Service Providers Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
TABLE 52: Rest of World 16-Year Perspective for Industrial Multimeters by End-Use - Percentage Breakdown of Value Sales for OEM, In-House Industrial Users and Third-Party Service Providers for the Years 2014, 2024 & 2030
IV. COMPETITION

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