Report overview
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.
This report aims to provide a comprehensive presentation of the global market for Multimeter, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Multimeter. This report contains market size and forecasts of Multimeter in global, including the following market information:
Global Multimeter Market Revenue, 2018-2023, 2024-2030, ($ millions)
Global Multimeter Market Sales, 2018-2023, 2024-2030, (K Units)
Global top five Multimeter companies in 2022 (%)
The global Multimeter market was valued at US$ 1093 million in 2022 and is projected to reach US$ 1315.2 million by 2029, at a CAGR of 2.7% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
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%.
We surveyed the Multimeter manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Multimeter Market, by Type, 2018-2023, 2024-2030 ($ Millions) & (K Units)
Global Multimeter Market Segment Percentages, by Type, 2022 (%)
Handheld
Bench-top
Others
Global Multimeter Market, by Application, 2018-2023, 2024-2030 ($ Millions) & (K Units)
Global Multimeter Market Segment Percentages, by Application, 2022 (%)
Automotive
Manufacturing
Energy
Residential
Commercial
Others
Global Multimeter Market, By Region and Country, 2018-2023, 2024-2030 ($ Millions) & (K Units)
Global Multimeter Market Segment Percentages, By Region and Country, 2022 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Multimeter revenues in global market, 2018-2023 (Estimated), ($ millions)
Key companies Multimeter revenues share in global market, 2022 (%)
Key companies Multimeter sales in global market, 2018-2023 (Estimated), (K Units)
Key companies Multimeter sales share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:
Fluke Corporation
Keysight
FLIR
Rohde & Schwarz
Victor
UNI-T
HIOKI
Chauvin Arnoux Group
Klein Tools
B&K Precision Corporation
CEM
Gossen Metrawatt
Prokits Industries
Mastech Group
GW Instek
Sata
Triplett
Leierda
Metrel
Outline of Major Chapters:
Chapter 1: Introduces the definition of Multimeter, market overview.
Chapter 2: Global Multimeter market size in revenue and volume.
Chapter 3: Detailed analysis of Multimeter manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Sales of Multimeter in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: Global Multimeter capacity by region & country.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 11: The main points and conclusions of the report.
