Global Electronic Multimeter Market 2024 by Manufacturers, Regions, Type and Application, Forecast to 2030

Global Electronic Multimeter Market 2024 by Manufacturers, Regions, Type and Application, Forecast to 2030

According to our (Global Info Research) latest study, the global Electronic Multimeter market size was valued at USD 2482.9 million in 2023 and is forecast to a readjusted size of USD 3400.1 million by 2030 with a CAGR of 4.6% during review period.

An electronic multimeter is a digital instrument used to convert and display analog data in digital form. It processes data through an input signal conversion section, an A/D (analog-to-digital) conversion circuit, and a display section, ultimately showing the data on an LCD monitor.

Different A/D conversion circuits, such as sequential comparison type, parallel comparison type, and integral type, are used in electronic multimeters based on their specific applications.

The global market for electronic multimeters is expected to witness significant growth in the coming years. Electronic multimeters are widely used in various industries such as electronics, automotive, aerospace, and telecommunications, among others. They are used for measuring voltage, current, and resistance in electrical circuits.

One of the key drivers of the market is the increasing demand for electronic multimeters in the electronics industry. With the growing adoption of electronic devices such as smartphones, tablets, and laptops, the need for accurate and reliable measurement tools has also increased. Electronic multimeters provide precise measurements, making them essential for testing and troubleshooting electronic circuits.

The automotive industry is another major consumer of electronic multimeters. These devices are used for diagnosing and repairing electrical systems in vehicles. With the increasing complexity of automotive electrical systems, the demand for advanced multimeters with additional features such as temperature measurement and data logging is also growing.

The aerospace industry is also expected to contribute to the growth of the electronic multimeter market. Multimeters are used for testing and maintenance of electrical systems in aircraft and spacecraft. The need for accurate measurement tools in this industry is crucial for ensuring the safety and reliability of the electrical systems.

In terms of geography, Asia Pacific is expected to dominate the electronic multimeter market. The region is witnessing rapid industrialization and urbanization, leading to increased demand for electronic devices and electrical equipment. Countries like China, Japan, and South Korea are major manufacturing hubs for electronics and automotive industries, driving the demand for electronic multimeters.

North America and Europe are also significant markets for electronic multimeters. The presence of established industries such as automotive, aerospace, and telecommunications in these regions contributes to the demand for multimeters. Additionally, the increasing focus on renewable energy sources and the need for efficient power management systems are expected to drive the market in these regions.

The Global Info Research report includes an overview of the development of the Electronic Multimeter industry chain, the market status of Industrial (Battery-Powered, Mains-Powered), Communications (Battery-Powered, Mains-Powered), and key enterprises in developed and developing market, and analysed the cutting-edge technology, patent, hot applications and market trends of Electronic Multimeter.

Regionally, the report analyzes the Electronic Multimeter markets in key regions. North America and Europe are experiencing steady growth, driven by government initiatives and increasing consumer awareness. Asia-Pacific, particularly China, leads the global Electronic Multimeter market, with robust domestic demand, supportive policies, and a strong manufacturing base.

Key Features:

The report presents comprehensive understanding of the Electronic Multimeter market. It provides a holistic view of the industry, as well as detailed insights into individual components and stakeholders. The report analysis market dynamics, trends, challenges, and opportunities within the Electronic Multimeter industry.

The report involves analyzing the market at a macro level:

Market Sizing and Segmentation: Report collect data on the overall market size, including the sales quantity (K Units), revenue generated, and market share of different by Type (e.g., Battery-Powered, Mains-Powered).

Industry Analysis: Report analyse the broader industry trends, such as government policies and regulations, technological advancements, consumer preferences, and market dynamics. This analysis helps in understanding the key drivers and challenges influencing the Electronic Multimeter market.

Regional Analysis: The report involves examining the Electronic Multimeter market at a regional or national level. Report analyses regional factors such as government incentives, infrastructure development, economic conditions, and consumer behaviour to identify variations and opportunities within different markets.

Market Projections: Report covers the gathered data and analysis to make future projections and forecasts for the Electronic Multimeter market. This may include estimating market growth rates, predicting market demand, and identifying emerging trends.

The report also involves a more granular approach to Electronic Multimeter:

Company Analysis: Report covers individual Electronic Multimeter manufacturers, suppliers, and other relevant industry players. This analysis includes studying their financial performance, market positioning, product portfolios, partnerships, and strategies.

Consumer Analysis: Report covers data on consumer behaviour, preferences, and attitudes towards Electronic Multimeter This may involve surveys, interviews, and analysis of consumer reviews and feedback from different by Application (Industrial, Communications).

Technology Analysis: Report covers specific technologies relevant to Electronic Multimeter. It assesses the current state, advancements, and potential future developments in Electronic Multimeter areas.

Competitive Landscape: By analyzing individual companies, suppliers, and consumers, the report present insights into the competitive landscape of the Electronic Multimeter market. This analysis helps understand market share, competitive advantages, and potential areas for differentiation among industry players.

Market Validation: The report involves validating findings and projections through primary research, such as surveys, interviews, and focus groups.

Market Segmentation

Electronic Multimeter market is split by Type and by Application. For the period 2019-2030, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value.

Market segment by Type
Battery-Powered
Mains-Powered

Market segment by Application
Industrial
Communications
Laboratory
Others

Major players covered
Keysight Technologies
HIOKI E.E. CORPORATION
Electronics Specialties, Inc.
Shinko Technos
HellermannTyton
Tes Electronical Electronic Corp
Klemsan
Kurth Electronic GmbH

Market segment by region, regional analysis covers
North America (United States, Canada and Mexico)
Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
South America (Brazil, Argentina, Colombia, and Rest of South America)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)

The content of the study subjects, includes a total of 15 chapters:

Chapter 1, to describe Electronic Multimeter product scope, market overview, market estimation caveats and base year.

Chapter 2, to profile the top manufacturers of Electronic Multimeter, with price, sales, revenue and global market share of Electronic Multimeter from 2019 to 2024.

Chapter 3, the Electronic Multimeter competitive situation, sales quantity, revenue and global market share of top manufacturers are analyzed emphatically by landscape contrast.

Chapter 4, the Electronic Multimeter breakdown data are shown at the regional level, to show the sales quantity, consumption value and growth by regions, from 2019 to 2030.

Chapter 5 and 6, to segment the sales by Type and application, with sales market share and growth rate by type, application, from 2019 to 2030.

Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value and market share for key countries in the world, from 2017 to 2023.and Electronic Multimeter market forecast, by regions, type and application, with sales and revenue, from 2025 to 2030.

Chapter 12, market dynamics, drivers, restraints, trends and Porters Five Forces analysis.

Chapter 13, the key raw materials and key suppliers, and industry chain of Electronic Multimeter.

Chapter 14 and 15, to describe Electronic Multimeter sales channel, distributors, customers, research findings and conclusion.