Global Multimeters Market Growth 2025-2031

Global Multimeters Market Growth 2025-2031

The global Multimeters market size is predicted to grow from US$ 1098 million in 2025 to US$ 1303 million in 2031; it is expected to grow at a CAGR of 2.9% 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. It is a standard diagnostic tool for technicians in the electrical/electronic industries.

Currently, there are plenty of producing companies in the world. The Global market main players are 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. and so on.

In the production market, the Largest production region is China, with the production market share is 54% and the revenue market share is 30%.

China is the largest consumption country of Multimeters, with a sales market share nearly 35%.The second region is North America, following China with the sales market share of 20%.

Multimeters used in Industrial Manufacturing, Commercial and Public Utilities. Report data showed that 60% of the Multimeters market demand in Industrial Manufacturing.

There are main three kinds of Multimeters, which are Handheld Type, Bench-top Type and others. Handheld Type is important in the Multimeters, with a Production market share nearly 79%.

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

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

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

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

Segmentation by Type:
Handheld Type
Bench-Top Type
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 Multimeters market?

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

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

How do Multimeters market opportunities vary by end market size?

How does Multimeters break out by Type, by Application?

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