Global Handheld Digital Multimeter Sales Market Report 2023

Market Analysis and Insights: Global Handheld Digital Multimeter Market

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, but analog multimeters are still preferable in some cases, for example when monitoring a rapidly varying value.

A multimeter can be a hand-held device useful for basic fault finding and field service work, or a bench instrument which can measure to a very high degree of accuracy. They can be used to troubleshoot electrical problems in a wide array of industrial and household devices such as electronic equipment, motor controls, domestic appliances, power supplies, and wiring systems.

Multimeters are available in a wide range of features and prices. Cheap multimeters can cost less than US$10, while General Purpose-grade models with certified calibration can cost more than US$5,000.

Due to the COVID-19 pandemic, the global Handheld Digital Multimeter market size is estimated to be worth US$ 658.9 million in 2022 and is forecast to a readjusted size of US$ 937.2 million by 2029 with a CAGR of 5.1% during the forecast period 2023-2029. Fully considering the economic change by this health crisis, 3.5 Digit accounting for % of the Handheld Digital Multimeter global market in 2022, is projected to value US$ million by 2029, growing at a revised % CAGR from 2023 to 2029. While Industrial segment is altered to an % CAGR throughout this forecast period.

Global Handheld Digital Multimeter main players are Fluke, Keysight Technologies, FLIR Systems, Yokogawa, etc. Global top four manufacturers hold a share over 35%. Asia-Pacific is the largest market, with a share over 40%.

Global Handheld Digital Multimeter Scope and Market Size

The global Handheld Digital Multimeter market is segmented by company, region (country), type and application. Players, stakeholders, and other participants in the global Handheld Digital Multimeter market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by region (country), type and application for the period 2018-2029.


Segment by Type


3.5 Digit

4.5 Digit


Segment by Application


Industrial

General Purpose

Others

By Region

United States

Europe

China

Japan

Southeast Asia

India

Other Regions


By Company


Fluke

Keysight Technologies

FLIR Systems

Yokogawa

HIOKI

Chauvin Arnoux Group

Klein Tools

Amprobe

B&K Precision

Mastech Digital

Uni-Trend Technology

CEM

Shen Zhen Victor Hi-tech

Frequently Asked Questions