Global Handheld Digital Multimeter Market Growth 2025-2031

Global Handheld Digital Multimeter Market Growth 2025-2031

The global Handheld Digital Multimeter market size is predicted to grow from US$ 711 million in 2025 to US$ 969 million in 2031; it is expected to grow at a CAGR of 5.3% from 2025 to 2031.

A multimeter or a multitester, also known as a VOM (volt-ohm-milliammeter), is an electronic measuring instrument that combines several measurement functions in one unit. A typical multimeter can measure voltage, current, and resistance. Analog multimeters use a microammeter with a moving pointer to display readings. Digital multimeters (DMM, DVOM) have a numeric display, and may also show a graphical bar representing the measured value. Digital multimeters are now far more common due to their cost and precision, but analog multimeters are still preferable in some cases, for example when monitoring a rapidly varying value.

A multimeter can be a hand-held device useful for basic fault finding and field service work, or a bench instrument which can measure to a very high degree of accuracy. They can be used to troubleshoot electrical problems in a wide array of industrial and household devices such as electronic equipment, motor controls, domestic appliances, power supplies, and wiring systems.

Multimeters are available in a wide range of features and prices. Cheap multimeters can cost less than US$10, while General Purpose-grade models with certified calibration can cost more than US$5,000.

Global Handheld Digital Multimeter main players are Fluke, Keysight Technologies, FLIR Systems, Yokogawa, etc. Global top four manufacturers hold a share over 35%. Asia-Pacific is the largest market, with a share over 40%.

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

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

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

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

Segmentation by Type:
3.5 Digit
4.5 Digit

Segmentation by Application:
Industrial
General Purpose
Others

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
Keysight Technologies
FLIR Systems
Yokogawa
HIOKI
Chauvin Arnoux Group
Klein Tools
Amprobe
B&K Precision
Mastech Digital
Uni-Trend Technology
CEM
Shen Zhen Victor Hi-tech

Key Questions Addressed in this Report

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

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

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

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

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

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