What is Multimeters Market Scope?
A multimeter is also known as a volt-ohm meter, which is a handheld tester used to measure electrical voltage, current, resistance, and other values. Analog and digital multimeter are available and are useful for everything from simple tests, like measuring battery voltage, to detecting faults and complex diagnostics. These tools are highly preferred by electricians for troubleshooting electrical problems on motors, appliances, circuits, power supplies, and wiring systems. Multimeters are also used as an ammeter, a voltmeter, an ohmmeter by functioning a multi-position knob on the meter. They can measure DC as well as AC. Detecting a short circuit, testing transistors and some have additional features for measuring capacitance & frequency are some special functions in a multimeter.
The Multimeters market study is being classified by Type (Digital and Analog), by Application (Voltage Measurements, Current Measurements, Resistance Measurement, Frequency Measurement and Others) and major geographies with country level break-up.
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Research Analyst at AMA predicts that Manufacturers from United States will contribute to the maximum growth of Global Multimeters market throughout the predicted period.
Keysight Technologies (United States), Gossen Metrawatt (Germany), National Instruments (United States), Tektronix (United States), Yokogawa Electric Corporation (Japan), Fluke Corporation (United States), FLIR Systems (United States), B&K Precision (United States), Chauvin Arnoux (France), Hioki E.E. Corporation (Japan), Sanwa Electric Instrument Company (Japan), Rohde & Schwarz (Germany), Teledyne Lecroy (United States), Klein Tools (United States), Shenzen Everbest Machinery Industry (China) and Mastech Group (Hong Kong) are some of the key players profiled in the study. Additionally, the Manufacturers which are also part of the research are HT Italia (Italy), GS Instech (South Korea) and Kyoritsu Electrical Instrument Works (Japan).
Analyst at AMA have segmented the market study of Global Multimeters market by Type, Application and Region.
On the basis of geography, the market of Multimeters has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Influencing Market Trend
- Application-Specific Product Development and Continuous Addition of New Features
- Rising Penetration of Electronic Devices across End-Use Industries
- Low Cost and Versatility of Digital Multi-meters
- Growing use of Multi-meters with Rechargeable Batteries
- Competition from Small Local Manufacturers Selling Cheap Low-Quality Products
- Incorrect Operation and Inappropriate Multi-meter Selection
Key Target AudienceManufacturers of Multimeter, Suppliers of Multimeter, Wholesalers, Distributors and Retailers of Multimeter, Electronic Industry, Automotive Industry and Others
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