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Industrial Multimeters - Global Strategic Business Report

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    Report

  • 231 Pages
  • February 2025
  • Region: Global
  • Global Industry Analysts, Inc
  • ID: 5139353
The global market for Industrial Multimeters was valued at USD 730.1 Million in 2024 and is projected to reach USD 874.8 Million by 2030, growing at a CAGR of 3.1% from 2024 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.

Global Industrial Multimeters Market - Key Trends & Drivers Summarized

Why Are Industrial Multimeters a Critical Tool for Modern Electrical Testing?

Industrial multimeters serve as an essential diagnostic tool in electrical testing, maintenance, and troubleshooting across industries, ensuring the efficiency and safety of electrical systems. Unlike standard multimeters used in household or low-power applications, industrial-grade multimeters are designed to withstand high-voltage, high-current, and complex industrial environments where precise measurements are critical. These devices measure multiple electrical parameters, including voltage, current, resistance, capacitance, frequency, and temperature, allowing engineers and technicians to diagnose faults in industrial machinery, power systems, and automation setups. Industries such as manufacturing, aerospace, automotive, and energy rely heavily on industrial multimeters for regular maintenance, predictive diagnostics, and compliance with stringent safety standards. The increasing complexity of industrial electrical networks, including renewable energy grids and high-efficiency power systems, has driven the demand for advanced multimeters with greater accuracy and expanded measurement capabilities. Additionally, as industrial facilities transition toward automation and digitalized power management, the need for sophisticated, wireless, and remote-monitoring-enabled multimeters is rising. The integration of rugged, shock-resistant designs and enhanced safety features, such as CAT IV rating for high-energy environments, ensures that these devices meet the growing demands of modern industrial settings where precision and durability are paramount.

How Are Technological Advancements Shaping the Industrial Multimeters Market?

Technological innovations have significantly transformed industrial multimeters, making them smarter, more accurate, and highly adaptable to evolving industrial needs. One of the most impactful advancements is the integration of wireless connectivity, including Bluetooth and Wi-Fi, allowing technicians to monitor electrical parameters remotely through mobile apps and cloud-based dashboards. This capability reduces the need for direct contact with high-voltage systems, enhancing safety and enabling real-time data logging and analytics. The adoption of artificial intelligence (AI) and machine learning (ML) in diagnostic tools has further improved fault detection accuracy, with smart multimeters now capable of identifying abnormal patterns in electrical readings and suggesting corrective measures. Another major trend is the development of true-RMS (root mean square) measurement technology, which ensures precise readings even in environments with fluctuating loads and non-linear signals, such as industrial motor control centers and variable frequency drive (VFD) systems. Additionally, the growing demand for multimeters with higher resolution, expanded voltage ranges, and multi-functionality has led to innovations in display technology, including high-contrast LCD screens with graphical analysis features. The miniaturization of sensors and the enhancement of energy efficiency in multimeter design have also played a role in making these devices more portable, long-lasting, and user-friendly. As industries continue to move toward predictive maintenance and condition-based monitoring, the development of AI-powered multimeters capable of integrating with industrial IoT (IIoT) platforms is expected to revolutionize how electrical testing and maintenance are performed in complex industrial setups.

Why Is the Demand for Industrial Multimeters Increasing Across Various Sectors?

The increasing reliance on industrial multimeters across multiple industries can be attributed to the growing complexity of electrical infrastructure, the shift toward automation, and the need for precision in electrical measurements. In the manufacturing sector, the rapid adoption of robotics, CNC machines, and programmable logic controllers (PLCs) has necessitated the use of advanced multimeters capable of diagnosing intricate circuit malfunctions and ensuring seamless power distribution. The automotive industry, particularly in the electric vehicle (EV) segment, has also witnessed a surge in multimeter usage, as these tools are essential for testing high-voltage battery systems, charging stations, and EV power electronics. Similarly, in the energy sector, the rise of renewable energy installations, such as solar and wind farms, has increased the demand for multimeters that can accurately measure fluctuating currents and diagnose faults in inverter and grid systems. The aerospace and defense industries also rely heavily on industrial multimeters for testing avionics, power distribution units, and mission-critical electrical systems that require extreme precision and reliability. Meanwhile, the growing need for building automation and smart grids has further reinforced the significance of multimeters in facility management, where they are used to monitor power quality, diagnose HVAC electrical systems, and ensure uninterrupted power supply in commercial buildings. With the expansion of data centers and IT infrastructure, multimeters are playing a vital role in ensuring the stability of uninterruptible power supply (UPS) systems and server room electrical setups. As the global industrial landscape becomes more electrically interconnected, the role of industrial multimeters as a core diagnostic and maintenance tool continues to expand across key sectors.

What Are the Key Factors Driving the Growth of the Industrial Multimeters Market?

The growth in the industrial multimeters market is driven by several factors, including advancements in measurement technology, the expansion of industrial automation, and the increasing complexity of electrical systems across industries. The ongoing shift toward smart manufacturing and predictive maintenance has significantly boosted demand for wireless, AI-integrated, and IoT-enabled multimeters, which allow real-time monitoring, data analytics, and remote diagnostics. The rise of electric vehicles and renewable energy projects has further fueled market growth, as high-precision multimeters are required to measure and troubleshoot complex electrical networks in EV charging infrastructure and renewable power grids. Additionally, stringent safety regulations and industry standards have compelled businesses to invest in high-quality, certified multimeters that ensure compliance with electrical safety norms, particularly in high-energy environments such as power plants, heavy machinery operations, and industrial automation lines. Another crucial driver is the increasing focus on energy efficiency, where multimeters play a critical role in monitoring power quality, detecting inefficiencies, and optimizing energy consumption in factories and commercial facilities. The growing importance of portable and multifunctional testing equipment has also contributed to the rising adoption of advanced multimeters, as industries seek compact, high-performance tools capable of handling a wide range of diagnostic tasks. Furthermore, as skilled labor shortages continue to impact industrial sectors, the demand for user-friendly, automated, and AI-driven diagnostic tools is rising, ensuring that electrical testing and maintenance can be conducted efficiently with minimal expertise. With continuous innovations in sensor technology, display interfaces, and wireless communication, the industrial multimeters market is set to experience sustained growth as industries increasingly prioritize precision, efficiency, and safety in electrical diagnostics and maintenance.

Report Scope

The report analyzes the Industrial Multimeters market, presented in terms of market value (USD Thousand). The analysis covers the key segments and geographic regions outlined below.

Segments

End-Use (OEM, In-House Industrial Users, Third-Party Service Providers).

Geographic Regions/Countries

World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; and Rest of Europe); Asia-Pacific; Rest of World.

Key Insights:

  • Market Growth: Understand the significant growth trajectory of the OEM End-Use segment, which is expected to reach $434.9 Million by 2030 with a CAGR of a 3%. The In-House Industrial End-Use Users segment is also set to grow at 3.4% CAGR over the analysis period.
  • Regional Analysis: Gain insights into the U.S. market, valued at $197.8 Million in 2024, and China, forecasted to grow at an impressive 3.1% CAGR to reach $141.2 Million by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.

Report Features:

  • Comprehensive Market Data: Independent analysis of annual sales and market forecasts in USD from 2024 to 2030.
  • In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
  • Company Profiles: Coverage of major players such as Amprobe, Andeli Group Co., Ltd., Asita Srl, Bercu NV, BRYMEN Technology Corporation and more.
  • Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.

Why You Should Buy This Report:

  • Detailed Market Analysis: Access a thorough analysis of the Global Industrial Multimeters Market, covering all major geographic regions and market segments.
  • Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
  • Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Industrial Multimeters Market.
  • Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.

Key Questions Answered:

  • How is the Global Industrial Multimeters Market expected to evolve by 2030?
  • What are the main drivers and restraints affecting the market?
  • Which market segments will grow the most over the forecast period?
  • How will market shares for different regions and segments change by 2030?
  • Who are the leading players in the market, and what are their prospects?

Some of the 58 major companies featured in this Industrial Multimeters market report include:

  • Amprobe
  • Andeli Group Co., Ltd.
  • Asita Srl
  • Bercu NV
  • BRYMEN Technology Corporation
  • Celectric Sdn Bhd
  • Chauvin Arnoux Group
  • China Pintech CO., Ltd
  • Dallas Avionics, Inc.
  • Digimess Instruments Ltd.

Table of Contents

I. METHODOLOGYII. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
  • Influencer Market Insights
  • Industrial Multimeters - Global Key Competitors Percentage Market Share in 2025 (E)
  • Global Economic Update
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2025 (E)
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
  • Rising Demand for Precision Measurement Throws the Spotlight on Industrial Multimeters
  • Increasing Adoption of Automation Technologies Spurs Market Growth
  • Technological Advancements in Multimeter Design Propel Market Expansion
  • Growing Use in Electronics and Electrical Industry Strengthens Business Case for Multimeters
  • Integration with IoT and Smart Technologies Generates Demand for Smart Multimeters
  • Rising Focus on Energy Efficiency and Power Quality Drives Adoption
  • Expansion of Renewable Energy Sector Sustains Market Growth
  • Innovations in Wireless and Bluetooth-Enabled Multimeters Propel Technological Advancements
  • Increasing Use in HVAC Systems and Maintenance Generates Market Opportunities
4. GLOBAL MARKET PERSPECTIVE
  • Table 1: World Recent Past, Current & Future Analysis for Industrial Multimeters by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2024 through 2030 and % CAGR
  • Table 2: World Historic Review for Industrial Multimeters by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2015 through 2023 and % CAGR
  • Table 3: World 15-Year Perspective for Industrial Multimeters by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets for Years 2015, 2025 & 2030
  • Table 4: World Recent Past, Current & Future Analysis for In-House Industrial Users by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2024 through 2030 and % CAGR
  • Table 5: World Historic Review for In-House Industrial Users by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2015 through 2023 and % CAGR
  • Table 6: World 15-Year Perspective for In-House Industrial Users by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2015, 2025 & 2030
  • Table 7: World Recent Past, Current & Future Analysis for Third-Party Service Providers by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2024 through 2030 and % CAGR
  • Table 8: World Historic Review for Third-Party Service Providers by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2015 through 2023 and % CAGR
  • Table 9: World 15-Year Perspective for Third-Party Service Providers by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2015, 2025 & 2030
  • Table 10: World Industrial Multimeters Market Analysis of Annual Sales in US$ Thousand for Years 2015 through 2030
  • Table 11: World Recent Past, Current & Future Analysis for OEM by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2024 through 2030 and % CAGR
  • Table 12: World Historic Review for OEM by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2015 through 2023 and % CAGR
  • Table 13: World 15-Year Perspective for OEM by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2015, 2025 & 2030
III. MARKET ANALYSIS
UNITED STATES
  • Industrial Multimeters Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2025 (E)
  • Table 14: USA Recent Past, Current & Future Analysis for Industrial Multimeters by End-Use - OEM, In-House Industrial Users and Third-Party Service Providers - Independent Analysis of Annual Sales in US$ Thousand for the Years 2024 through 2030 and % CAGR
  • Table 15: USA Historic Review for Industrial Multimeters by End-Use - OEM, In-House Industrial Users and Third-Party Service Providers Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2015 through 2023 and % CAGR
  • Table 16: USA 15-Year Perspective for Industrial Multimeters by End-Use - Percentage Breakdown of Value Sales for OEM, In-House Industrial Users and Third-Party Service Providers for the Years 2015, 2025 & 2030
CANADA
  • Table 17: Canada Recent Past, Current & Future Analysis for Industrial Multimeters by End-Use - OEM, In-House Industrial Users and Third-Party Service Providers - Independent Analysis of Annual Sales in US$ Thousand for the Years 2024 through 2030 and % CAGR
  • Table 18: Canada Historic Review for Industrial Multimeters by End-Use - OEM, In-House Industrial Users and Third-Party Service Providers Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2015 through 2023 and % CAGR
  • Table 19: Canada 15-Year Perspective for Industrial Multimeters by End-Use - Percentage Breakdown of Value Sales for OEM, In-House Industrial Users and Third-Party Service Providers for the Years 2015, 2025 & 2030
JAPAN
  • Industrial Multimeters Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2025 (E)
  • Table 20: Japan Recent Past, Current & Future Analysis for Industrial Multimeters by End-Use - OEM, In-House Industrial Users and Third-Party Service Providers - Independent Analysis of Annual Sales in US$ Thousand for the Years 2024 through 2030 and % CAGR
  • Table 21: Japan Historic Review for Industrial Multimeters by End-Use - OEM, In-House Industrial Users and Third-Party Service Providers Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2015 through 2023 and % CAGR
  • Table 22: Japan 15-Year Perspective for Industrial Multimeters by End-Use - Percentage Breakdown of Value Sales for OEM, In-House Industrial Users and Third-Party Service Providers for the Years 2015, 2025 & 2030
CHINA
  • Industrial Multimeters Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2025 (E)
  • Table 23: China Recent Past, Current & Future Analysis for Industrial Multimeters by End-Use - OEM, In-House Industrial Users and Third-Party Service Providers - Independent Analysis of Annual Sales in US$ Thousand for the Years 2024 through 2030 and % CAGR
  • Table 24: China Historic Review for Industrial Multimeters by End-Use - OEM, In-House Industrial Users and Third-Party Service Providers Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2015 through 2023 and % CAGR
  • Table 25: China 15-Year Perspective for Industrial Multimeters by End-Use - Percentage Breakdown of Value Sales for OEM, In-House Industrial Users and Third-Party Service Providers for the Years 2015, 2025 & 2030
EUROPE
  • Industrial Multimeters Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2025 (E)
  • Table 26: Europe Recent Past, Current & Future Analysis for Industrial Multimeters by Geographic Region - France, Germany, Italy, UK and Rest of Europe Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2024 through 2030 and % CAGR
  • Table 27: Europe Historic Review for Industrial Multimeters by Geographic Region - France, Germany, Italy, UK and Rest of Europe Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2015 through 2023 and % CAGR
  • Table 28: Europe 15-Year Perspective for Industrial Multimeters by Geographic Region - Percentage Breakdown of Value Sales for France, Germany, Italy, UK and Rest of Europe Markets for Years 2015, 2025 & 2030
  • Table 29: Europe Recent Past, Current & Future Analysis for Industrial Multimeters by End-Use - OEM, In-House Industrial Users and Third-Party Service Providers - Independent Analysis of Annual Sales in US$ Thousand for the Years 2024 through 2030 and % CAGR
  • Table 30: Europe Historic Review for Industrial Multimeters by End-Use - OEM, In-House Industrial Users and Third-Party Service Providers Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2015 through 2023 and % CAGR
  • Table 31: Europe 15-Year Perspective for Industrial Multimeters by End-Use - Percentage Breakdown of Value Sales for OEM, In-House Industrial Users and Third-Party Service Providers for the Years 2015, 2025 & 2030
FRANCE
  • Industrial Multimeters Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2025 (E)
  • Table 32: France Recent Past, Current & Future Analysis for Industrial Multimeters by End-Use - OEM, In-House Industrial Users and Third-Party Service Providers - Independent Analysis of Annual Sales in US$ Thousand for the Years 2024 through 2030 and % CAGR
  • Table 33: France Historic Review for Industrial Multimeters by End-Use - OEM, In-House Industrial Users and Third-Party Service Providers Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2015 through 2023 and % CAGR
  • Table 34: France 15-Year Perspective for Industrial Multimeters by End-Use - Percentage Breakdown of Value Sales for OEM, In-House Industrial Users and Third-Party Service Providers for the Years 2015, 2025 & 2030
GERMANY
  • Industrial Multimeters Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2025 (E)
  • Table 35: Germany Recent Past, Current & Future Analysis for Industrial Multimeters by End-Use - OEM, In-House Industrial Users and Third-Party Service Providers - Independent Analysis of Annual Sales in US$ Thousand for the Years 2024 through 2030 and % CAGR
  • Table 36: Germany Historic Review for Industrial Multimeters by End-Use - OEM, In-House Industrial Users and Third-Party Service Providers Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2015 through 2023 and % CAGR
  • Table 37: Germany 15-Year Perspective for Industrial Multimeters by End-Use - Percentage Breakdown of Value Sales for OEM, In-House Industrial Users and Third-Party Service Providers for the Years 2015, 2025 & 2030
ITALY
  • Table 38: Italy Recent Past, Current & Future Analysis for Industrial Multimeters by End-Use - OEM, In-House Industrial Users and Third-Party Service Providers - Independent Analysis of Annual Sales in US$ Thousand for the Years 2024 through 2030 and % CAGR
  • Table 39: Italy Historic Review for Industrial Multimeters by End-Use - OEM, In-House Industrial Users and Third-Party Service Providers Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2015 through 2023 and % CAGR
  • Table 40: Italy 15-Year Perspective for Industrial Multimeters by End-Use - Percentage Breakdown of Value Sales for OEM, In-House Industrial Users and Third-Party Service Providers for the Years 2015, 2025 & 2030
UNITED KINGDOM
  • Industrial Multimeters Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2025 (E)
  • Table 41: UK Recent Past, Current & Future Analysis for Industrial Multimeters by End-Use - OEM, In-House Industrial Users and Third-Party Service Providers - Independent Analysis of Annual Sales in US$ Thousand for the Years 2024 through 2030 and % CAGR
  • Table 42: UK Historic Review for Industrial Multimeters by End-Use - OEM, In-House Industrial Users and Third-Party Service Providers Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2015 through 2023 and % CAGR
  • Table 43: UK 15-Year Perspective for Industrial Multimeters by End-Use - Percentage Breakdown of Value Sales for OEM, In-House Industrial Users and Third-Party Service Providers for the Years 2015, 2025 & 2030
REST OF EUROPE
  • Table 44: Rest of Europe Recent Past, Current & Future Analysis for Industrial Multimeters by End-Use - OEM, In-House Industrial Users and Third-Party Service Providers - Independent Analysis of Annual Sales in US$ Thousand for the Years 2024 through 2030 and % CAGR
  • Table 45: Rest of Europe Historic Review for Industrial Multimeters by End-Use - OEM, In-House Industrial Users and Third-Party Service Providers Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2015 through 2023 and % CAGR
  • Table 46: Rest of Europe 15-Year Perspective for Industrial Multimeters by End-Use - Percentage Breakdown of Value Sales for OEM, In-House Industrial Users and Third-Party Service Providers for the Years 2015, 2025 & 2030
ASIA-PACIFIC
  • Industrial Multimeters Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2025 (E)
  • Table 47: Asia-Pacific Recent Past, Current & Future Analysis for Industrial Multimeters by End-Use - OEM, In-House Industrial Users and Third-Party Service Providers - Independent Analysis of Annual Sales in US$ Thousand for the Years 2024 through 2030 and % CAGR
  • Table 48: Asia-Pacific Historic Review for Industrial Multimeters by End-Use - OEM, In-House Industrial Users and Third-Party Service Providers Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2015 through 2023 and % CAGR
  • Table 49: Asia-Pacific 15-Year Perspective for Industrial Multimeters by End-Use - Percentage Breakdown of Value Sales for OEM, In-House Industrial Users and Third-Party Service Providers for the Years 2015, 2025 & 2030
REST OF WORLD
  • Table 50: Rest of World Recent Past, Current & Future Analysis for Industrial Multimeters by End-Use - OEM, In-House Industrial Users and Third-Party Service Providers - Independent Analysis of Annual Sales in US$ Thousand for the Years 2024 through 2030 and % CAGR
  • Table 51: Rest of World Historic Review for Industrial Multimeters by End-Use - OEM, In-House Industrial Users and Third-Party Service Providers Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2015 through 2023 and % CAGR
  • Table 52: Rest of World 15-Year Perspective for Industrial Multimeters by End-Use - Percentage Breakdown of Value Sales for OEM, In-House Industrial Users and Third-Party Service Providers for the Years 2015, 2025 & 2030
IV. COMPETITION

Companies Mentioned

  • Amprobe
  • Andeli Group Co., Ltd.
  • Asita Srl
  • Bercu NV
  • BRYMEN Technology Corporation
  • Celectric Sdn Bhd
  • Chauvin Arnoux Group
  • China Pintech CO., Ltd
  • Dallas Avionics, Inc.
  • Digimess Instruments Ltd.

Table Information