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Handheld Digital Multimeter-Global Market Insights and Sales Trends 2025
Synopsis
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$5,000.
The global Handheld Digital Multimeter market size is expected to reach US$ 937.2 million by 2029, growing at a CAGR of 5.1% from 2023 to 2029. The market is mainly driven by the significant applications of Handheld Digital Multimeter in various end use industries. The expanding demands from the Industrial, General Purpose and Others,, are propelling Handheld Digital Multimeter market. 3.5 Digit, 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 4.5 Digit segment is estimated at % CAGR for the next seven-year 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%.
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 Handheld Digital Multimeter, 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 Handheld Digital Multimeter 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 Handheld Digital Multimeter market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Handheld Digital Multimeter 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 Handheld Digital Multimeter covered in this report include Fluke, Keysight Technologies, FLIR Systems, Yokogawa, HIOKI, Chauvin Arnoux Group, Klein Tools, Amprobe and B&K Precision, etc.
The global Handheld Digital Multimeter 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
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
Global Handheld Digital Multimeter 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 Handheld Digital Multimeter market, Segment by Type:
3.5 Digit
4.5 Digit
Global Handheld Digital Multimeter market, by Application
Industrial
General Purpose
Others
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 Handheld Digital Multimeter manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Handheld Digital Multimeter 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 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$5,000.
The global Handheld Digital Multimeter market size is expected to reach US$ 937.2 million by 2029, growing at a CAGR of 5.1% from 2023 to 2029. The market is mainly driven by the significant applications of Handheld Digital Multimeter in various end use industries. The expanding demands from the Industrial, General Purpose and Others,, are propelling Handheld Digital Multimeter market. 3.5 Digit, 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 4.5 Digit segment is estimated at % CAGR for the next seven-year 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%.
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 Handheld Digital Multimeter, 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 Handheld Digital Multimeter 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 Handheld Digital Multimeter market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Handheld Digital Multimeter 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 Handheld Digital Multimeter covered in this report include Fluke, Keysight Technologies, FLIR Systems, Yokogawa, HIOKI, Chauvin Arnoux Group, Klein Tools, Amprobe and B&K Precision, etc.
The global Handheld Digital Multimeter 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
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
Global Handheld Digital Multimeter 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 Handheld Digital Multimeter market, Segment by Type:
3.5 Digit
4.5 Digit
Global Handheld Digital Multimeter market, by Application
Industrial
General Purpose
Others
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 Handheld Digital Multimeter manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Handheld Digital Multimeter 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 Handheld Digital Multimeter Market Overview
1.1 Handheld Digital Multimeter Product Overview
1.2 Handheld Digital Multimeter Market Segment by Type
1.2.1 3.5 Digit
1.2.2 4.5 Digit
1.3 Global Handheld Digital Multimeter Market Size by Type
1.3.1 Global Handheld Digital Multimeter Market Size Overview by Type (2018-2029)
1.3.2 Global Handheld Digital Multimeter Historic Market Size Review by Type (2018-2023)
1.3.3 Global Handheld Digital Multimeter Forecasted Market Size by Type (2024-2029)
1.4 Key Regions Market Size Segment by Type
1.4.1 North America Handheld Digital Multimeter Sales Breakdown by Type (2018-2023)
1.4.2 Europe Handheld Digital Multimeter Sales Breakdown by Type (2018-2023)
1.4.3 Asia-Pacific Handheld Digital Multimeter Sales Breakdown by Type (2018-2023)
1.4.4 Latin America Handheld Digital Multimeter Sales Breakdown by Type (2018-2023)
1.4.5 Middle East and Africa Handheld Digital Multimeter Sales Breakdown by Type (2018-2023)
2 Global Handheld Digital Multimeter Market Competition by Company
2.1 Global Top Players by Handheld Digital Multimeter Sales (2018-2023)
2.2 Global Top Players by Handheld Digital Multimeter Revenue (2018-2023)
2.3 Global Top Players by Handheld Digital Multimeter Price (2018-2023)
2.4 Global Top Manufacturers Handheld Digital Multimeter Manufacturing Base Distribution, Sales Area, Product Type
2.5 Handheld Digital Multimeter Market Competitive Situation and Trends
2.5.1 Handheld Digital Multimeter Market Concentration Rate (2018-2023)
2.5.2 Global 5 and 10 Largest Manufacturers by Handheld Digital Multimeter 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 Handheld Digital Multimeter as of 2022)
2.7 Date of Key Manufacturers Enter into Handheld Digital Multimeter Market
2.8 Key Manufacturers Handheld Digital Multimeter Product Offered
2.9 Mergers & Acquisitions, Expansion
3 Handheld Digital Multimeter Status and Outlook by Region
3.1 Global Handheld Digital Multimeter Market Size and CAGR by Region: 2018 VS 2022 VS 2029
3.2 Global Handheld Digital Multimeter Historic Market Size by Region
3.2.1 Global Handheld Digital Multimeter Sales in Volume by Region (2018-2023)
3.2.2 Global Handheld Digital Multimeter Sales in Value by Region (2018-2023)
3.2.3 Global Handheld Digital Multimeter Sales (Volume & Value) Price and Gross Margin (2018-2023)
3.3 Global Handheld Digital Multimeter Forecasted Market Size by Region
3.3.1 Global Handheld Digital Multimeter Sales in Volume by Region (2024-2029)
3.3.2 Global Handheld Digital Multimeter Sales in Value by Region (2024-2029)
3.3.3 Global Handheld Digital Multimeter Sales (Volume & Value), Price and Gross Margin (2024-2029)
4 Global Handheld Digital Multimeter by Application
4.1 Handheld Digital Multimeter Market Segment by Application
4.1.1 Industrial
4.1.2 General Purpose
4.1.3 Others
4.2 Global Handheld Digital Multimeter Market Size by Application
4.2.1 Global Handheld Digital Multimeter Market Size Overview by Application (2018-2029)
4.2.2 Global Handheld Digital Multimeter Historic Market Size Review by Application (2018-2023)
4.2.3 Global Handheld Digital Multimeter Forecasted Market Size by Application (2024-2029)
4.3 Key Regions Market Size Segment by Application
4.3.1 North America Handheld Digital Multimeter Sales Breakdown by Application (2018-2023)
4.3.2 Europe Handheld Digital Multimeter Sales Breakdown by Application (2018-2023)
4.3.3 Asia-Pacific Handheld Digital Multimeter Sales Breakdown by Application (2018-2023)
4.3.4 Latin America Handheld Digital Multimeter Sales Breakdown by Application (2018-2023)
4.3.5 Middle East and Africa Handheld Digital Multimeter Sales Breakdown by Application (2018-2023)
5 North America Handheld Digital Multimeter by Country
5.1 North America Handheld Digital Multimeter Historic Market Size by Country
5.1.1 North America Handheld Digital Multimeter Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
5.1.2 North America Handheld Digital Multimeter Sales in Volume by Country (2018-2023)
5.1.3 North America Handheld Digital Multimeter Sales in Value by Country (2018-2023)
5.2 North America Handheld Digital Multimeter Forecasted Market Size by Country
5.2.1 North America Handheld Digital Multimeter Sales in Volume by Country (2024-2029)
5.2.2 North America Handheld Digital Multimeter Sales in Value by Country (2024-2029)
6 Europe Handheld Digital Multimeter by Country
6.1 Europe Handheld Digital Multimeter Historic Market Size by Country
6.1.1 Europe Handheld Digital Multimeter Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
6.1.2 Europe Handheld Digital Multimeter Sales in Volume by Country (2018-2023)
6.1.3 Europe Handheld Digital Multimeter Sales in Value by Country (2018-2023)
6.2 Europe Handheld Digital Multimeter Forecasted Market Size by Country
6.2.1 Europe Handheld Digital Multimeter Sales in Volume by Country (2024-2029)
6.2.2 Europe Handheld Digital Multimeter Sales in Value by Country (2024-2029)
7 Asia-Pacific Handheld Digital Multimeter by Region
7.1 Asia-Pacific Handheld Digital Multimeter Historic Market Size by Region
7.1.1 Asia-Pacific Handheld Digital Multimeter Market Size Growth Rate (CAGR) by Region: 2018 VS 2022 VS 2029
7.1.2 Asia-Pacific Handheld Digital Multimeter Sales in Volume by Region (2018-2023)
7.1.3 Asia-Pacific Handheld Digital Multimeter Sales in Value by Region (2018-2023)
7.2 Asia-Pacific Handheld Digital Multimeter Forecasted Market Size by Region
7.2.1 Asia-Pacific Handheld Digital Multimeter Sales in Volume by Region (2024-2029)
7.2.2 Asia-Pacific Handheld Digital Multimeter Sales in Value by Region (2024-2029)
8 Latin America Handheld Digital Multimeter by Country
8.1 Latin America Handheld Digital Multimeter Historic Market Size by Country
8.1.1 Latin America Handheld Digital Multimeter Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
8.1.2 Latin America Handheld Digital Multimeter Sales in Volume by Country (2018-2023)
8.1.3 Latin America Handheld Digital Multimeter Sales in Value by Country (2018-2023)
8.2 Latin America Handheld Digital Multimeter Forecasted Market Size by Country
8.2.1 Latin America Handheld Digital Multimeter Sales in Volume by Country (2024-2029)
8.2.2 Latin America Handheld Digital Multimeter Sales in Value by Country (2024-2029)
9 Middle East and Africa Handheld Digital Multimeter by Country
9.1 Middle East and Africa Handheld Digital Multimeter Historic Market Size by Country
9.1.1 Middle East and Africa Handheld Digital Multimeter Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
9.1.2 Middle East and Africa Handheld Digital Multimeter Sales in Volume by Country (2018-2023)
9.1.3 Middle East and Africa Handheld Digital Multimeter Sales in Value by Country (2018-2023)
9.2 Middle East and Africa Handheld Digital Multimeter Forecasted Market Size by Country
9.2.1 Middle East and Africa Handheld Digital Multimeter Sales in Volume by Country (2024-2029)
9.2.2 Middle East and Africa Handheld Digital Multimeter 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 Handheld Digital Multimeter Sales, Revenue and Gross Margin (2018-2023)
10.1.4 Fluke Handheld Digital Multimeter Products Offered
10.1.5 Fluke Recent Development
10.2 Keysight Technologies
10.2.1 Keysight Technologies Company Information
10.2.2 Keysight Technologies Introduction and Business Overview
10.2.3 Keysight Technologies Handheld Digital Multimeter Sales, Revenue and Gross Margin (2018-2023)
10.2.4 Keysight Technologies Handheld Digital Multimeter Products Offered
10.2.5 Keysight Technologies Recent Development
10.3 FLIR Systems
10.3.1 FLIR Systems Company Information
10.3.2 FLIR Systems Introduction and Business Overview
10.3.3 FLIR Systems Handheld Digital Multimeter Sales, Revenue and Gross Margin (2018-2023)
10.3.4 FLIR Systems Handheld Digital Multimeter Products Offered
10.3.5 FLIR Systems Recent Development
10.4 Yokogawa
10.4.1 Yokogawa Company Information
10.4.2 Yokogawa Introduction and Business Overview
10.4.3 Yokogawa Handheld Digital Multimeter Sales, Revenue and Gross Margin (2018-2023)
10.4.4 Yokogawa Handheld Digital Multimeter Products Offered
10.4.5 Yokogawa Recent Development
10.5 HIOKI
10.5.1 HIOKI Company Information
10.5.2 HIOKI Introduction and Business Overview
10.5.3 HIOKI Handheld Digital Multimeter Sales, Revenue and Gross Margin (2018-2023)
10.5.4 HIOKI Handheld Digital Multimeter Products Offered
10.5.5 HIOKI Recent Development
10.6 Chauvin Arnoux Group
10.6.1 Chauvin Arnoux Group Company Information
10.6.2 Chauvin Arnoux Group Introduction and Business Overview
10.6.3 Chauvin Arnoux Group Handheld Digital Multimeter Sales, Revenue and Gross Margin (2018-2023)
10.6.4 Chauvin Arnoux Group Handheld Digital Multimeter Products Offered
10.6.5 Chauvin Arnoux Group Recent Development
10.7 Klein Tools
10.7.1 Klein Tools Company Information
10.7.2 Klein Tools Introduction and Business Overview
10.7.3 Klein Tools Handheld Digital Multimeter Sales, Revenue and Gross Margin (2018-2023)
10.7.4 Klein Tools Handheld Digital Multimeter Products Offered
10.7.5 Klein Tools Recent Development
10.8 Amprobe
10.8.1 Amprobe Company Information
10.8.2 Amprobe Introduction and Business Overview
10.8.3 Amprobe Handheld Digital Multimeter Sales, Revenue and Gross Margin (2018-2023)
10.8.4 Amprobe Handheld Digital Multimeter Products Offered
10.8.5 Amprobe Recent Development
10.9 B&K Precision
10.9.1 B&K Precision Company Information
10.9.2 B&K Precision Introduction and Business Overview
10.9.3 B&K Precision Handheld Digital Multimeter Sales, Revenue and Gross Margin (2018-2023)
10.9.4 B&K Precision Handheld Digital Multimeter Products Offered
10.9.5 B&K Precision Recent Development
10.10 Mastech Digital
10.10.1 Mastech Digital Company Information
10.10.2 Mastech Digital Introduction and Business Overview
10.10.3 Mastech Digital Handheld Digital Multimeter Sales, Revenue and Gross Margin (2018-2023)
10.10.4 Mastech Digital Handheld Digital Multimeter Products Offered
10.10.5 Mastech Digital Recent Development
10.11 Uni-Trend Technology
10.11.1 Uni-Trend Technology Company Information
10.11.2 Uni-Trend Technology Introduction and Business Overview
10.11.3 Uni-Trend Technology Handheld Digital Multimeter Sales, Revenue and Gross Margin (2018-2023)
10.11.4 Uni-Trend Technology Handheld Digital Multimeter Products Offered
10.11.5 Uni-Trend Technology Recent Development
10.12 CEM
10.12.1 CEM Company Information
10.12.2 CEM Introduction and Business Overview
10.12.3 CEM Handheld Digital Multimeter Sales, Revenue and Gross Margin (2018-2023)
10.12.4 CEM Handheld Digital Multimeter Products Offered
10.12.5 CEM Recent Development
10.13 Shen Zhen Victor Hi-tech
10.13.1 Shen Zhen Victor Hi-tech Company Information
10.13.2 Shen Zhen Victor Hi-tech Introduction and Business Overview
10.13.3 Shen Zhen Victor Hi-tech Handheld Digital Multimeter Sales, Revenue and Gross Margin (2018-2023)
10.13.4 Shen Zhen Victor Hi-tech Handheld Digital Multimeter Products Offered
10.13.5 Shen Zhen Victor Hi-tech Recent Development
11 Upstream, Opportunities, Challenges, Risks and Influences Factors Analysis
11.1 Handheld Digital Multimeter 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 Handheld Digital Multimeter Industrial Chain Analysis
11.4 Handheld Digital Multimeter Market Dynamics
11.4.1 Handheld Digital Multimeter Industry Trends
11.4.2 Handheld Digital Multimeter Market Drivers
11.4.3 Handheld Digital Multimeter Market Challenges
11.4.4 Handheld Digital Multimeter Market Restraints
12 Market Strategy Analysis, Distributors
12.1 Sales Channel
12.2 Handheld Digital Multimeter Distributors
12.3 Handheld Digital Multimeter 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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