According to the latest report by IMARC Group,the global digital multimeter market witnessed moderate growth during 2015-2020. The digital multimeter refers to a portable equipment that is generally used for electrical purposes, including measuring electrical values and testing voltage-current resistance. It is equipped with a shunt resistor that helps measure the current, resistance and voltage of several electrical devices. Apart from this, it consists of a display, dial, buttons, and inputs that usually reflect the electrical values in a precise manner.
2. Report Description
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3. Report Description
Report Description and Highlights
Global Digital Multimeter Market Outlook 2026:
According to the latest report by IMARC Group, titled " Global Digital Multimeter Market: Industry
Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026," the global digital multimeter
market witnessed moderate growth during 2015-2020.
The digital multimeter refers to a portable equipment that is generally used for electrical purposes,
including measuring electrical values and testing voltage-current resistance. It is equipped with a shunt
resistor that helps measure the current, resistance and voltage of several electrical devices. Apart from
this, it consists of a display, dial, buttons, and inputs that usually reflect the electrical values in a precise
manner.
Additionally, it is widely utilized as a preferred alternative to needle-based meters due to its improved
accuracy, impedance and reliability. Consequently, it is extensively used to test batteries and diodes,
household wirings and power supplies.
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4. Report Description
Report Description and Highlights
Global Digital Multimeter Market Trends:
The global market is primarily driven by significant growth in the electrical sector. Along with this,
continual technological advancements in the industry are positively influencing the market growth. For
instance, the widespread integration of infrared thermometers and insulation testers with digital
multimeters is creating a positive outlook for the market.
Moreover, increasing investments by the governments of numerous countries to upgrade the existing
power transmission infrastructures across the globe are contributing to the market growth. The market
is further driven by a significant rise in construction activities across the globe. Furthermore, a digital
multimeter is extensively utilized across the automotive sector in order to run tests on electronic
components of vehicles, which is also positively influencing the market growth on the global level.
Some of the other factors contributing to the market growth include rapid industrialization, especially
in the developing economies, and extensive research and development (R&D) activities conducted by
key players to introduce improved product variants.
5. Market Summary:
Breakup by Product Type:
• Handheld
• Bench-Top
• Mounted
Breakup by Functionality:
• Auto Ranging
• Clamp Digital
• Fluke Digital
Breakup by End Use Industry:
• Automotive
• Manufacturing
• Energy
• Utility
Report Description
Report Description and Highlights
6. Breakup by Region:
• North America
• Asia Pacific
• Europe
• Middle East and Africa
• Latin America
The global digital multimeter market is expected to grow at a CAGR of around 7% during 2021-2026.
Report Description
Report Description and Highlights
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Partial List of Clients
9. A partial List of our Clients
We are the trusted business partners to the
world's leading corporates, governments, and
institutions
Partial List of Clients