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