Global Multimeters market is projected to reach 1210 Million US$ by 2025 (Communities - News & Events)

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Global Multimeters market is projected to reach 1210 Million US$ by 2025

Publisher: QYResearch
Published Date: 2019/2/21

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. It is a standard diagnostic tool for technicians in the electrical/electronic industries.

China is the largest consumption country of Multimeters, with a sales market share nearly 35.23% in 2017.The second region is North America, following China with the sales market share of 20.26% in 2017.

The Multimeters market was valued at 910 Million US$ in 2017 and is projected to reach 1210 Million US$ by 2025, at a CAGR of 3.6% during the forecast period. In this study, 2017 has been considered as the base year and 2018 to 2025 as the forecast period to estimate the market size for Multimeters.

This article was first released by QYResearch, if reproduced, please indicate the source.

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Last Update : Feb 21, 2019
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