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Industrial Multimeters: Global Strategic Business Report

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    Report

  • 231 Pages
  • October 2022
  • Region: Global
  • Global Industry Analysts, Inc
  • ID: 5139353

Global Industrial Multimeters Market to Reach $707 Million by 2027

In the changed post COVID-19 business landscape, the global market for Industrial Multimeters estimated at US$582.3 Million in the year 2020, is projected to reach a revised size of US$707 Million by 2027, growing at a CAGR of 2.8% over the analysis period 2020-2027. OEM, one of the segments analyzed in the report, is projected to record a 2.7% CAGR and reach US$354.4 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 3.2% CAGR for the next 7-year period.

The U.S. Market is Estimated at $171.1 Million, While China is Forecast to Grow at 2.7% CAGR

The Industrial Multimeters market in the U.S. is estimated at US$171.1 Million in the year 2020. China, the world's second largest economy, is forecast to reach a projected market size of US$126.4 Million by the year 2027 trailing a CAGR of 2.7% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.6% and 2.3% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 2.9% CAGR.

Third-Party Service Providers Segment to Record 2.3% CAGR

In the global Third-Party Service Providers segment, USA, Canada, Japan, China and Europe will drive the 2.3% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$84.3 Million in the year 2020 will reach a projected size of US$99.8 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets.

Select Competitors (Total 58 Featured) -

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

What's New for 2022?

  • Global competitiveness and key competitor percentage market shares
  • Market presence across multiple geographies - Strong/Active/Niche/Trivial
  • Online interactive peer-to-peer collaborative bespoke updates
  • Access to digital archives and a Research Platform
  • Complimentary updates for one year
Frequently Asked Questions about the Global Market for Industrial Multimeters

What is the estimated value of the Global Market for Industrial Multimeters?

The Global Market for Industrial Multimeters was estimated to be valued at $582.3 Million in 2020.

What is the growth rate of the Global Market for Industrial Multimeters?

The growth rate of the Global Market for Industrial Multimeters is 2.8%, with an estimated value of $707 Million by 2027.

What is the forecasted size of the Global Market for Industrial Multimeters?

The Global Market for Industrial Multimeters is estimated to be worth $707 Million by 2027.

Who are the key companies in the Global Market for Industrial Multimeters?

Key companies in the Global Market for Industrial Multimeters include ABB Group, Fluke Corporation, Giga, tronics Inc. and Yokogawa Electric Corporation.

Table of Contents

I. METHODOLOGYII. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
  • Influencer Market Insights
  • Industrial Multimeters - Global Key Competitors Percentage Market Share in 2022 (E)
  • Impact of Covid-19 and a Looming Global Recession
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
2. FOCUS ON SELECT PLAYERS3. MARKET TRENDS & DRIVERS
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 2020 through 2027 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 2012 through 2019 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 2012, 2021 & 2027
  • 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 2020 through 2027 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 2012 through 2019 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 2012, 2021 & 2027
  • 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 2020 through 2027 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 2012 through 2019 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 2012, 2021 & 2027
  • Table 10: World Industrial Multimeters Market Analysis of Annual Sales in US$ Thousand for Years 2012 through 2027
  • 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 2020 through 2027 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 2012 through 2019 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 2012, 2021 & 2027
III. MARKET ANALYSIS
UNITED STATES
  • Industrial Multimeters Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2022 (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 2020 through 2027 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 2012 through 2019 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 2012, 2021 & 2027
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 2020 through 2027 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 2012 through 2019 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 2012, 2021 & 2027
JAPAN
  • Industrial Multimeters Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2022 (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 2020 through 2027 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 2012 through 2019 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 2012, 2021 & 2027
CHINA
  • Industrial Multimeters Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2022 (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 2020 through 2027 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 2012 through 2019 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 2012, 2021 & 2027
EUROPE
  • Industrial Multimeters Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2022 (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 2020 through 2027 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 2012 through 2019 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 2012, 2021 & 2027
  • 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 2020 through 2027 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 2012 through 2019 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 2012, 2021 & 2027
FRANCE
  • Industrial Multimeters Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2022 (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 2020 through 2027 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 2012 through 2019 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 2012, 2021 & 2027
GERMANY
  • Industrial Multimeters Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2022 (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 2020 through 2027 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 2012 through 2019 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 2012, 2021 & 2027
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 2020 through 2027 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 2012 through 2019 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 2012, 2021 & 2027
UNITED KINGDOM
  • Industrial Multimeters Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2022 (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 2020 through 2027 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 2012 through 2019 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 2012, 2021 & 2027
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 2020 through 2027 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 2012 through 2019 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 2012, 2021 & 2027
ASIA-PACIFIC
  • Industrial Multimeters Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2022 (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 2020 through 2027 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 2012 through 2019 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 2012, 2021 & 2027
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 2020 through 2027 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 2012 through 2019 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 2012, 2021 & 2027
IV. COMPETITION

Companies Mentioned

A selection of companies mentioned in this report includes:

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