Global Digital Multimeter Market Growth 2025-2031

Global Digital Multimeter Market Growth 2025-2031

The global Digital Multimeter market size is predicted to grow from US$ 1304 million in 2025 to US$ 1625 million in 2031; it is expected to grow at a CAGR of 3.7% from 2025 to 2031.

A digital multimeter (DMM) is a test tool used to measure two or more electrical values—principally voltage (volts), current (amps) and resistance (ohms). It is a standard diagnostic tool for technicians in the electrical/electronic industries.

Global Digital Multimeter key players include Victor, UNI-T, Fluke Corporation, etc. Global top three manufacturers hold a share about 15%.

China is the largest market, with a share about 35%, followed by Europe, and North America, both have a share over 35 percent.

In terms of product, Handheld Type is the largest segment, with a share over 80%. And in terms of application, the largest application is Industrial Manufacturing, followed by Commercial, Public Utilities, etc.

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

This Insight Report provides a comprehensive analysis of the global Digital Multimeter 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 portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Digital Multimeter market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Digital Multimeter 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.

This report presents a comprehensive overview, market shares, and growth opportunities of Digital Multimeter 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
FLIR
Rohde & Schwarz
Victor
UNI-T
HIOKI
Chauvin Arnoux Group
Klein Tools
B&K Precision Corporation
CEM
Gossen Metrawatt
Prokits Industries Co., LTD
Mastech Group
GW Instek
Sata
Triplett
Leierda
Metrel d.d.

Key Questions Addressed in this Report

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

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

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

How do Digital Multimeter market opportunities vary by end market size?

How does Digital Multimeter break out by Type, by Application?

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