Global Digital Multimeter (DMM) Market Growth 2025-2031

Global Digital Multimeter (DMM) Market Growth 2025-2031

The global Digital Multimeter (DMM) market size is predicted to grow from US$ 1087 million in 2025 to US$ 1630 million in 2031; it is expected to grow at a CAGR of 7.0% from 2025 to 2031.

The major global digital multimeter (DMM) manufacturers include Victor, UNI-T, CEM, HIOKI and Fluke Corporation. The world's top three manufacturers collectively occupy about 40% of the market share. At present, the Asia-Pacific region is the world's largest digital multimeter market, accounting for approximately 55% of the market share. The second and third are the American and European markets, accounting for approximately 22% and 21% respectively.

In terms of product types, handheld devices occupy a dominant position, accounting for 92% of the market share. At the same time, in terms of applications, industrial manufacturing is the largest application field, accounting for 62%.

LP Information, Inc. (LPI) ' newest research report, the “Digital Multimeter (DMM) Industry Forecast” looks at past sales and reviews total world Digital Multimeter (DMM) sales in 2024, providing a comprehensive analysis by region and market sector of projected Digital Multimeter (DMM) sales for 2025 through 2031. With Digital Multimeter (DMM) sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Digital Multimeter (DMM) industry.

This Insight Report provides a comprehensive analysis of the global Digital Multimeter (DMM) landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Digital Multimeter (DMM) portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Digital Multimeter (DMM) market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Digital Multimeter (DMM) and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Digital Multimeter (DMM).

This report presents a comprehensive overview, market shares, and growth opportunities of Digital Multimeter (DMM) market by product type, application, key manufacturers and key regions and countries.

Segmentation by Type:
Handheld
Bench-top
Others

Segmentation by Application:
Industrial Manufacturing
Commercial
Public Utilities

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
Fluke Corporation
Keysight
UNI-T
FLIR
Victor
Rohde & Schwarz
HIOKI
CEM
Gossen Metrawatt
MGL International (Mastech)
Chauvin Arnoux Group
Klein Tools
B&K Precision Corporation
Prokits Industries Co., LTD
Sata

Key Questions Addressed in this Report

What is the 10-year outlook for the global Digital Multimeter (DMM) market?

What factors are driving Digital Multimeter (DMM) market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Digital Multimeter (DMM) market opportunities vary by end market size?

How does Digital Multimeter (DMM) break out by Type, by Application?

Please note: The report will take approximately 2 business days to prepare and deliver.