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Digital Multimeters-Global Market Insights and Sales Trends 2025
Synopsis
A digital multimeter (DMM) is a test tool used to measure two or more electrical values—principally voltage (volts), current (amps) and resistance (ohms). It is a standard diagnostic tool for technicians in the electrical/electronic industries.
The global Digital Multimeters market size is expected to reach US$ 1372.9 million by 2029, growing at a CAGR of 1.4% from 2023 to 2029. The market is mainly driven by the significant applications of Digital Multimeters in various end use industries. The expanding demands from the Electronic, General Industrial Test, Machinery Industry and Manufacturing Industry, are propelling Digital Multimeters market. Manual Range Digital Multimeters, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Automatic Range Digital Multimeters segment is estimated at % CAGR for the next seven-year period.
Global Digital Multimeter (DMM) key players include Victor, UNI-T, Fluke Corporation, etc. Global top three manufacturers hold a share about 20%.
China is the largest market, with a share about 35%, followed by Europe, and North America, both have a share over 35 percent.
In terms of product, Handheld Type is the largest segment, with a share about 80%. And in terms of application, the largest application is Industrial Manufacturing, followed by Commercial, Public Utilities.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Digital Multimeters, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Digital Multimeters market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Digital Multimeters market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Digital Multimeters sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Digital Multimeters covered in this report include Fluke, UNI-T, Shen Zhen Victor Hi-tech, Xinling, MASTECH, HIOKI, Agilent, Atten Technology and Pro’skit, etc.
The global Digital Multimeters market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
Fluke
UNI-T
Shen Zhen Victor Hi-tech
Xinling
MASTECH
HIOKI
Agilent
Atten Technology
Pro’skit
Leierda
B&K Precision
Amprobe
FLIR
Klein Tools
Triplett
AEMC
Global Digital Multimeters market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Digital Multimeters market, Segment by Type:
Manual Range Digital Multimeters
Automatic Range Digital Multimeters
Automatic-Manual Range Digital Multimeters
Global Digital Multimeters market, by Application
Electronic
General Industrial Test
Machinery Industry
Manufacturing Industry
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of Digital Multimeters manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Digital Multimeters in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: 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 Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. 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 Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
A digital multimeter (DMM) is a test tool used to measure two or more electrical values—principally voltage (volts), current (amps) and resistance (ohms). It is a standard diagnostic tool for technicians in the electrical/electronic industries.
The global Digital Multimeters market size is expected to reach US$ 1372.9 million by 2029, growing at a CAGR of 1.4% from 2023 to 2029. The market is mainly driven by the significant applications of Digital Multimeters in various end use industries. The expanding demands from the Electronic, General Industrial Test, Machinery Industry and Manufacturing Industry, are propelling Digital Multimeters market. Manual Range Digital Multimeters, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Automatic Range Digital Multimeters segment is estimated at % CAGR for the next seven-year period.
Global Digital Multimeter (DMM) key players include Victor, UNI-T, Fluke Corporation, etc. Global top three manufacturers hold a share about 20%.
China is the largest market, with a share about 35%, followed by Europe, and North America, both have a share over 35 percent.
In terms of product, Handheld Type is the largest segment, with a share about 80%. And in terms of application, the largest application is Industrial Manufacturing, followed by Commercial, Public Utilities.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Digital Multimeters, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Digital Multimeters market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Digital Multimeters market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Digital Multimeters sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Digital Multimeters covered in this report include Fluke, UNI-T, Shen Zhen Victor Hi-tech, Xinling, MASTECH, HIOKI, Agilent, Atten Technology and Pro’skit, etc.
The global Digital Multimeters market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
Fluke
UNI-T
Shen Zhen Victor Hi-tech
Xinling
MASTECH
HIOKI
Agilent
Atten Technology
Pro’skit
Leierda
B&K Precision
Amprobe
FLIR
Klein Tools
Triplett
AEMC
Global Digital Multimeters market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Digital Multimeters market, Segment by Type:
Manual Range Digital Multimeters
Automatic Range Digital Multimeters
Automatic-Manual Range Digital Multimeters
Global Digital Multimeters market, by Application
Electronic
General Industrial Test
Machinery Industry
Manufacturing Industry
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of Digital Multimeters manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Digital Multimeters in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: 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 Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. 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 Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
Index1 Digital Multimeters Market Overview
1.1 Digital Multimeters Product Overview
1.2 Digital Multimeters Market Segment by Type
1.2.1 Manual Range Digital Multimeters
1.2.2 Automatic Range Digital Multimeters
1.2.3 Automatic-Manual Range Digital Multimeters
1.3 Global Digital Multimeters Market Size by Type
1.3.1 Global Digital Multimeters Market Size Overview by Type (2018-2029)
1.3.2 Global Digital Multimeters Historic Market Size Review by Type (2018-2023)
1.3.3 Global Digital Multimeters Forecasted Market Size by Type (2024-2029)
1.4 Key Regions Market Size Segment by Type
1.4.1 North America Digital Multimeters Sales Breakdown by Type (2018-2023)
1.4.2 Europe Digital Multimeters Sales Breakdown by Type (2018-2023)
1.4.3 Asia-Pacific Digital Multimeters Sales Breakdown by Type (2018-2023)
1.4.4 Latin America Digital Multimeters Sales Breakdown by Type (2018-2023)
1.4.5 Middle East and Africa Digital Multimeters Sales Breakdown by Type (2018-2023)
2 Global Digital Multimeters Market Competition by Company
2.1 Global Top Players by Digital Multimeters Sales (2018-2023)
2.2 Global Top Players by Digital Multimeters Revenue (2018-2023)
2.3 Global Top Players by Digital Multimeters Price (2018-2023)
2.4 Global Top Manufacturers Digital Multimeters Manufacturing Base Distribution, Sales Area, Product Type
2.5 Digital Multimeters Market Competitive Situation and Trends
2.5.1 Digital Multimeters Market Concentration Rate (2018-2023)
2.5.2 Global 5 and 10 Largest Manufacturers by Digital Multimeters Sales and Revenue in 2022
2.6 Global Top Manufacturers by Company Type (Tier 1, Tier 2 and Tier 3) & (based on the Revenue in Digital Multimeters as of 2022)
2.7 Date of Key Manufacturers Enter into Digital Multimeters Market
2.8 Key Manufacturers Digital Multimeters Product Offered
2.9 Mergers & Acquisitions, Expansion
3 Digital Multimeters Status and Outlook by Region
3.1 Global Digital Multimeters Market Size and CAGR by Region: 2018 VS 2022 VS 2029
3.2 Global Digital Multimeters Historic Market Size by Region
3.2.1 Global Digital Multimeters Sales in Volume by Region (2018-2023)
3.2.2 Global Digital Multimeters Sales in Value by Region (2018-2023)
3.2.3 Global Digital Multimeters Sales (Volume & Value) Price and Gross Margin (2018-2023)
3.3 Global Digital Multimeters Forecasted Market Size by Region
3.3.1 Global Digital Multimeters Sales in Volume by Region (2024-2029)
3.3.2 Global Digital Multimeters Sales in Value by Region (2024-2029)
3.3.3 Global Digital Multimeters Sales (Volume & Value), Price and Gross Margin (2024-2029)
4 Global Digital Multimeters by Application
4.1 Digital Multimeters Market Segment by Application
4.1.1 Electronic
4.1.2 General Industrial Test
4.1.3 Machinery Industry
4.1.4 Manufacturing Industry
4.2 Global Digital Multimeters Market Size by Application
4.2.1 Global Digital Multimeters Market Size Overview by Application (2018-2029)
4.2.2 Global Digital Multimeters Historic Market Size Review by Application (2018-2023)
4.2.3 Global Digital Multimeters Forecasted Market Size by Application (2024-2029)
4.3 Key Regions Market Size Segment by Application
4.3.1 North America Digital Multimeters Sales Breakdown by Application (2018-2023)
4.3.2 Europe Digital Multimeters Sales Breakdown by Application (2018-2023)
4.3.3 Asia-Pacific Digital Multimeters Sales Breakdown by Application (2018-2023)
4.3.4 Latin America Digital Multimeters Sales Breakdown by Application (2018-2023)
4.3.5 Middle East and Africa Digital Multimeters Sales Breakdown by Application (2018-2023)
5 North America Digital Multimeters by Country
5.1 North America Digital Multimeters Historic Market Size by Country
5.1.1 North America Digital Multimeters Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
5.1.2 North America Digital Multimeters Sales in Volume by Country (2018-2023)
5.1.3 North America Digital Multimeters Sales in Value by Country (2018-2023)
5.2 North America Digital Multimeters Forecasted Market Size by Country
5.2.1 North America Digital Multimeters Sales in Volume by Country (2024-2029)
5.2.2 North America Digital Multimeters Sales in Value by Country (2024-2029)
6 Europe Digital Multimeters by Country
6.1 Europe Digital Multimeters Historic Market Size by Country
6.1.1 Europe Digital Multimeters Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
6.1.2 Europe Digital Multimeters Sales in Volume by Country (2018-2023)
6.1.3 Europe Digital Multimeters Sales in Value by Country (2018-2023)
6.2 Europe Digital Multimeters Forecasted Market Size by Country
6.2.1 Europe Digital Multimeters Sales in Volume by Country (2024-2029)
6.2.2 Europe Digital Multimeters Sales in Value by Country (2024-2029)
7 Asia-Pacific Digital Multimeters by Region
7.1 Asia-Pacific Digital Multimeters Historic Market Size by Region
7.1.1 Asia-Pacific Digital Multimeters Market Size Growth Rate (CAGR) by Region: 2018 VS 2022 VS 2029
7.1.2 Asia-Pacific Digital Multimeters Sales in Volume by Region (2018-2023)
7.1.3 Asia-Pacific Digital Multimeters Sales in Value by Region (2018-2023)
7.2 Asia-Pacific Digital Multimeters Forecasted Market Size by Region
7.2.1 Asia-Pacific Digital Multimeters Sales in Volume by Region (2024-2029)
7.2.2 Asia-Pacific Digital Multimeters Sales in Value by Region (2024-2029)
8 Latin America Digital Multimeters by Country
8.1 Latin America Digital Multimeters Historic Market Size by Country
8.1.1 Latin America Digital Multimeters Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
8.1.2 Latin America Digital Multimeters Sales in Volume by Country (2018-2023)
8.1.3 Latin America Digital Multimeters Sales in Value by Country (2018-2023)
8.2 Latin America Digital Multimeters Forecasted Market Size by Country
8.2.1 Latin America Digital Multimeters Sales in Volume by Country (2024-2029)
8.2.2 Latin America Digital Multimeters Sales in Value by Country (2024-2029)
9 Middle East and Africa Digital Multimeters by Country
9.1 Middle East and Africa Digital Multimeters Historic Market Size by Country
9.1.1 Middle East and Africa Digital Multimeters Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
9.1.2 Middle East and Africa Digital Multimeters Sales in Volume by Country (2018-2023)
9.1.3 Middle East and Africa Digital Multimeters Sales in Value by Country (2018-2023)
9.2 Middle East and Africa Digital Multimeters Forecasted Market Size by Country
9.2.1 Middle East and Africa Digital Multimeters Sales in Volume by Country (2024-2029)
9.2.2 Middle East and Africa Digital Multimeters Sales in Value by Country (2024-2029)
10 Company Profiles
10.1 Fluke
10.1.1 Fluke Company Information
10.1.2 Fluke Introduction and Business Overview
10.1.3 Fluke Digital Multimeters Sales, Revenue and Gross Margin (2018-2023)
10.1.4 Fluke Digital Multimeters Products Offered
10.1.5 Fluke Recent Development
10.2 UNI-T
10.2.1 UNI-T Company Information
10.2.2 UNI-T Introduction and Business Overview
10.2.3 UNI-T Digital Multimeters Sales, Revenue and Gross Margin (2018-2023)
10.2.4 UNI-T Digital Multimeters Products Offered
10.2.5 UNI-T Recent Development
10.3 Shen Zhen Victor Hi-tech
10.3.1 Shen Zhen Victor Hi-tech Company Information
10.3.2 Shen Zhen Victor Hi-tech Introduction and Business Overview
10.3.3 Shen Zhen Victor Hi-tech Digital Multimeters Sales, Revenue and Gross Margin (2018-2023)
10.3.4 Shen Zhen Victor Hi-tech Digital Multimeters Products Offered
10.3.5 Shen Zhen Victor Hi-tech Recent Development
10.4 Xinling
10.4.1 Xinling Company Information
10.4.2 Xinling Introduction and Business Overview
10.4.3 Xinling Digital Multimeters Sales, Revenue and Gross Margin (2018-2023)
10.4.4 Xinling Digital Multimeters Products Offered
10.4.5 Xinling Recent Development
10.5 MASTECH
10.5.1 MASTECH Company Information
10.5.2 MASTECH Introduction and Business Overview
10.5.3 MASTECH Digital Multimeters Sales, Revenue and Gross Margin (2018-2023)
10.5.4 MASTECH Digital Multimeters Products Offered
10.5.5 MASTECH Recent Development
10.6 HIOKI
10.6.1 HIOKI Company Information
10.6.2 HIOKI Introduction and Business Overview
10.6.3 HIOKI Digital Multimeters Sales, Revenue and Gross Margin (2018-2023)
10.6.4 HIOKI Digital Multimeters Products Offered
10.6.5 HIOKI Recent Development
10.7 Agilent
10.7.1 Agilent Company Information
10.7.2 Agilent Introduction and Business Overview
10.7.3 Agilent Digital Multimeters Sales, Revenue and Gross Margin (2018-2023)
10.7.4 Agilent Digital Multimeters Products Offered
10.7.5 Agilent Recent Development
10.8 Atten Technology
10.8.1 Atten Technology Company Information
10.8.2 Atten Technology Introduction and Business Overview
10.8.3 Atten Technology Digital Multimeters Sales, Revenue and Gross Margin (2018-2023)
10.8.4 Atten Technology Digital Multimeters Products Offered
10.8.5 Atten Technology Recent Development
10.9 Pro’skit
10.9.1 Pro’skit Company Information
10.9.2 Pro’skit Introduction and Business Overview
10.9.3 Pro’skit Digital Multimeters Sales, Revenue and Gross Margin (2018-2023)
10.9.4 Pro’skit Digital Multimeters Products Offered
10.9.5 Pro’skit Recent Development
10.10 Leierda
10.10.1 Leierda Company Information
10.10.2 Leierda Introduction and Business Overview
10.10.3 Leierda Digital Multimeters Sales, Revenue and Gross Margin (2018-2023)
10.10.4 Leierda Digital Multimeters Products Offered
10.10.5 Leierda Recent Development
10.11 B&K Precision
10.11.1 B&K Precision Company Information
10.11.2 B&K Precision Introduction and Business Overview
10.11.3 B&K Precision Digital Multimeters Sales, Revenue and Gross Margin (2018-2023)
10.11.4 B&K Precision Digital Multimeters Products Offered
10.11.5 B&K Precision Recent Development
10.12 Amprobe
10.12.1 Amprobe Company Information
10.12.2 Amprobe Introduction and Business Overview
10.12.3 Amprobe Digital Multimeters Sales, Revenue and Gross Margin (2018-2023)
10.12.4 Amprobe Digital Multimeters Products Offered
10.12.5 Amprobe Recent Development
10.13 FLIR
10.13.1 FLIR Company Information
10.13.2 FLIR Introduction and Business Overview
10.13.3 FLIR Digital Multimeters Sales, Revenue and Gross Margin (2018-2023)
10.13.4 FLIR Digital Multimeters Products Offered
10.13.5 FLIR Recent Development
10.14 Klein Tools
10.14.1 Klein Tools Company Information
10.14.2 Klein Tools Introduction and Business Overview
10.14.3 Klein Tools Digital Multimeters Sales, Revenue and Gross Margin (2018-2023)
10.14.4 Klein Tools Digital Multimeters Products Offered
10.14.5 Klein Tools Recent Development
10.15 Triplett
10.15.1 Triplett Company Information
10.15.2 Triplett Introduction and Business Overview
10.15.3 Triplett Digital Multimeters Sales, Revenue and Gross Margin (2018-2023)
10.15.4 Triplett Digital Multimeters Products Offered
10.15.5 Triplett Recent Development
10.16 AEMC
10.16.1 AEMC Company Information
10.16.2 AEMC Introduction and Business Overview
10.16.3 AEMC Digital Multimeters Sales, Revenue and Gross Margin (2018-2023)
10.16.4 AEMC Digital Multimeters Products Offered
10.16.5 AEMC Recent Development
11 Upstream, Opportunities, Challenges, Risks and Influences Factors Analysis
11.1 Digital Multimeters Key Raw Materials
11.1.1 Key Raw Materials
11.1.2 Key Raw Materials Price
11.1.3 Raw Materials Key Suppliers
11.2 Manufacturing Cost Structure
11.2.1 Raw Materials
11.2.2 Labor Cost
11.2.3 Manufacturing Expenses
11.3 Digital Multimeters Industrial Chain Analysis
11.4 Digital Multimeters Market Dynamics
11.4.1 Digital Multimeters Industry Trends
11.4.2 Digital Multimeters Market Drivers
11.4.3 Digital Multimeters Market Challenges
11.4.4 Digital Multimeters Market Restraints
12 Market Strategy Analysis, Distributors
12.1 Sales Channel
12.2 Digital Multimeters Distributors
12.3 Digital Multimeters Downstream Customers
13 Research Findings and Conclusion
14 Appendix
14.1 Research Methodology
14.1.1 Methodology/Research Approach
14.1.2 Data Source
14.2 Author Details
14.3 Disclaimer
Published By : QY Research
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