Global Digital Multimeters Market Growth 2025-2031

Global Digital Multimeters Market Growth 2025-2031

The global Digital Multimeters market size is predicted to grow from US$ 1251 million in 2025 to US$ 1364 million in 2031; it is expected to grow at a CAGR of 1.5% 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 (DMM) key players include Victor, UNI-T, Fluke Corporation, etc. Global top three manufacturers hold a share about 20%.

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 about 80%. And in terms of application, the largest application is Industrial Manufacturing, followed by Commercial, Public Utilities.

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

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

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

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

Segmentation by Type:
Manual Range Digital Multimeters
Automatic Range Digital Multimeters
Automatic-Manual Range Digital Multimeters

Segmentation by Application:
Electronic
General Industrial Test
Machinery Industry
Manufacturing Industry

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
UNI-T
Shen Zhen Victor Hi-tech
Xinling
MASTECH
HIOKI
Agilent
Atten Technology
Pro’skit
Leierda
B&K Precision
Amprobe
FLIR
Klein Tools
Triplett
AEMC

Key Questions Addressed in this Report

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

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

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

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

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

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