Industrial Multimeters - Global Strategic Business Report

Global Industrial Multimeters Market to Reach $787.5 Million by 2030

The global market for Industrial Multimeters estimated at US$619.6 Million in the year 2022, is projected to reach a revised size of US$787.5 Million by 2030, growing at a CAGR of 3% over the analysis period 2022-2030. OEM, one of the segments analyzed in the report, is projected to record 3% CAGR and reach US$394.3 Million by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the In-House Industrial Users segment is readjusted to a revised 3.4% CAGR for the next 8-year period.

The U.S. Market is Estimated at $184.2 Million, While China is Forecast to Grow at 3% CAGR

The Industrial Multimeters market in the U.S. is estimated at US$184.2 Million in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$141.2 Million by the year 2030 trailing a CAGR of 3% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.8% and 2.6% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 3.2% CAGR.

Select Competitors (Total 58 Featured) -

• ABB Group
• Fluke Corporation
• Giga-tronics Inc.
• National Instruments Corporation
• Yokogawa Electric Corporation

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