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Handheld Digital Multimeter Trends and Forecast
The future of the global handheld digital multimeter market looks promising with opportunities in the industrial, automotive, and general purpose markets. The global handheld digital multimeter market is expected to reach an estimated $0.9 billion by 2030 with a CAGR of 6.0% from 2024 to 2030. The major drivers for this market are rapid industrialization in developing nations, such as China and India and high demand of testing & calibration devices in different industries.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Handheld Digital Multimeter by Segment
The study includes a forecast for the global handheld digital multimeter by type, ranging type, end use industry, and region.
Handheld Digital Multimeter Market by Type [Shipment Analysis by Value from 2018 to 2030]:
• 3.5 Digit
• 4.5 Digit
Handheld Digital Multimeter Market by Ranging Type [Shipment Analysis by Value from 2018 to 2030]:
• Manual Ranging
• Auto Ranging
Handheld Digital Multimeter Market by End Use Industry [Shipment Analysis by Value from 2018 to 2030]:
• Industrial
• Automotive
• General Purpose
• Others
Handheld Digital Multimeter Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Handheld Digital Multimeter Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies handheld digital multimeter companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the handheld digital multimeter companies profiled in this report include-
• Fluke
• Keysight
• Teledyne
• MGL International
• Yokogawa
• RS Components & Controls
• CEM Instruments
• UniTEQ
• HIOKI E.E.
• Hach
Handheld Digital Multimeter Market Insights
Lucintel forecasts that auto ranging is expected to witness higher growth over the forecast period due to highest usage of highly accurate reading devices across several end-uses.
Within this market, industrial will remain the largest segment due to increasing need for troubleshooting and maintaining electrical equipment, such as motors, generators, and control systems.
APAC is expected to witness highest growth over the forecast period due to the presence of the world’s largest electronic manufacturing companies operate in the region along with the availability of cheap labor and raw materials.
Features of the Global Handheld Digital Multimeter Market
Market Size Estimates: Handheld digital multimeter market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Handheld digital multimeter market size by type, ranging type, end use industry, and region in terms of value ($B).
Regional Analysis: Handheld digital multimeter market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different type, ranging type, end use industry, and regions for the handheld digital multimeter market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the handheld digital multimeter market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q.1 What is the handheld digital multimeter market size?
Answer: The global handheld digital multimeter market is expected to reach an estimated $0.9 billion by 2030.
Q.2 What is the growth forecast for handheld digital multimeter market?
Answer: The global handheld digital multimeter market is expected to grow with a CAGR of 6.0% from 2024 to 2030.
Q.3 What are the major drivers influencing the growth of the handheld digital multimeter market?
Answer: The major drivers for this market are rapid industrialization in developing nations, such as china and india and high demand of testing & calibration devices in different industries.
Q4. What are the major segments for handheld digital multimeter market?
Answer: The future of the handheld digital multimeter market looks promising with opportunities in the industrial, automotive, and general purpose markets.
Q5. Who are the key handheld digital multimeter market companies?
Answer: Some of the key handheld digital multimeter companies are as follows:
• Fluke
• Keysight
• Teledyne
• MGL International
• Yokogawa
• RS Components & Controls
• CEM Instruments
• UniTEQ
• HIOKI E.E.
• Hach
Q6. Which handheld digital multimeter market segment will be the largest in future?
Answer: Lucintel forecasts that auto ranging is expected to witness higher growth over the forecast period due to highest usage of highly accurate reading devices across several end-uses.
Q7. In handheld digital multimeter market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness highest growth over the forecast period due to the presence of the world’s largest electronic manufacturing companies operate in the region along with the availability of cheap labor and raw materials.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the handheld digital multimeter market by type (3.5 digit and 4.5 digit), ranging type (manual ranging and auto ranging), end use industry (industrial, automotive, general purpose, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Handheld Digital Multimeter Market, Handheld Digital Multimeter Market Size, Handheld Digital Multimeter Market Growth, Handheld Digital Multimeter Market Analysis, Handheld Digital Multimeter Market Report, Handheld Digital Multimeter Market Share, Handheld Digital Multimeter Market Trends, Handheld Digital Multimeter Market Forecast, Handheld Digital Multimeter Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.
Table of Contents
1. Executive Summary
2. Global Handheld Digital Multimeter Market : Market Dynamics
2.1: Introduction, Background, and Classifications
2.2: Supply Chain
2.3: Industry Drivers and Challenges
3. Market Trends and Forecast Analysis from 2018 to 2030
3.1. Macroeconomic Trends (2018-2023) and Forecast (2024-2030)
3.2. Global Handheld Digital Multimeter Market Trends (2018-2023) and Forecast (2024-2030)
3.3: Global Handheld Digital Multimeter Market by Type
3.3.1: 3.5 Digit
3.3.2: 4.5 Digit
3.4: Global Handheld Digital Multimeter Market by Ranging Type
3.4.1: Manual Ranging
3.4.2: Auto Ranging
3.5: Global Handheld Digital Multimeter Market by End Use Industry
3.5.1: Industrial
3.5.2: Automotive
3.5.3: General Purpose
3.5.4: Others
4. Market Trends and Forecast Analysis by Region from 2018 to 2030
4.1: Global Handheld Digital Multimeter Market by Region
4.2: North American Handheld Digital Multimeter Market
4.2.2: North American Handheld Digital Multimeter Market by End Use Industry: Industrial, Automotive, General Purpose, and Others
4.3: European Handheld Digital Multimeter Market
4.3.1: European Handheld Digital Multimeter Market by Ranging Type: Manual Ranging and Auto Ranging
4.3.2: European Handheld Digital Multimeter Market by End Use Industry: Industrial, Automotive, General Purpose, and Others
4.4: APAC Handheld Digital Multimeter Market
4.4.1: APAC Handheld Digital Multimeter Market by Ranging Type: Manual Ranging and Auto Ranging
4.4.2: APAC Handheld Digital Multimeter Market by End Use Industry: Industrial, Automotive, General Purpose, and Others
4.5: ROW Handheld Digital Multimeter Market
4.5.1: ROW Handheld Digital Multimeter Market by Ranging Type: Manual Ranging and Auto Ranging
4.5.2: ROW Handheld Digital Multimeter Market by End Use Industry: Industrial, Automotive, General Purpose, and Others
5. Competitor Analysis
5.1: Product Portfolio Analysis
5.2: Operational Integration
5.3: Porter’s Five Forces Analysis
6. Growth Opportunities and Strategic Analysis
6.1: Growth Opportunity Analysis
6.1.1: Growth Opportunities for the Global Handheld Digital Multimeter Market by Type
6.1.2: Growth Opportunities for the Global Handheld Digital Multimeter Market by Ranging Type
6.1.3: Growth Opportunities for the Global Handheld Digital Multimeter Market by End Use Industry
6.1.4: Growth Opportunities for the Global Handheld Digital Multimeter Market by Region
6.2: Emerging Trends in the Global Handheld Digital Multimeter Market
6.3: Strategic Analysis
6.3.1: New Product Development
6.3.2: Capacity Expansion of the Global Handheld Digital Multimeter Market
6.3.3: Mergers, Acquisitions, and Joint Ventures in the Global Handheld Digital Multimeter Market
6.3.4: Certification and Licensing
7. Company Profiles of Leading Players
7.1: Fluke
7.2: Keysight
7.3: Teledyne
7.4: MGL International
7.5: Yokogawa
7.6: RS Components & Controls
7.7: CEM Instruments
7.8: UniTEQ
7.9: HIOKI E.E.
7.10: Hach
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Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
In-depth interviews of the major players in this market
Detailed secondary research from competitors’ financial statements and published data
Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process.
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