India Digital Multimeter market is
expected to grow at a significant CAGR during the forecast period,
FY2023-FY2027. The rise in the disposable income of the consumers increased the
expenditure capacity to buy electronic devices. The high demand for consumer
electronic devices requiring the digital multimeter to check the faults and
proper functioning to deliver quality products is contributing to the market
growth. Digital multimeters are multi-functional and cost-effective. It also
has dual display resolution and is portable and that is the major reason for
their high preference over voltmeters and ohmmeters. The continuous growth of
the population is creating the need for different products thereby fueling
industrialization in the country. To provide quality products to customers and
increase the accuracy levels for resistor, frequency, transistor, and
temperature. The rise in the initiatives made by the leading authorities to
implement digitization across the prominent industry verticals to increase transparency
and streamline the overall process with minimal chances of error is expected to
boost the demand of the digital multimeter market. Market players are investing
huge amounts for technological up-gradation of the existing infrastructure and
introducing novel products with innovative features like dielectric absorption,
earth-bond resistance, and polarization index which is expected to accelerate
the digital multimeter market growth in the next five years.
India Digital Multimeter market is
segmented into type, functionality, application, regional distribution, and
company. Based on the functionality, the market can be divided into auto
ranging, clamp digital, fluke digital. The auto ranging digital multimeter
segment is expected to witness growth in the forecast period, FY2023-FY2027.
They can change their internal range to find the correct voltage, current and
there is no need to know the range of the component used in the electrical
device. It minimizes the chances of human error and provides the required value
The major players operating in the
India Digital Multimeter market are Fluke Corporation, Meco
Instruments, Mastech Group, HTC Corporation, EGK, Metravi Instruments, Kusam-meco,
Crown Electronic Systems, Motwane, and others. Major companies are
developing advanced technologies and launching new services to stay competitive
in the market. Other competitive strategies include mergers & acquisitions
and new service developments.
Years considered for this report:
Historical Years: FY2017-FY2020
Base Year: FY2021
Estimated Year: FY2022
Forecast Period: FY2023–FY2027
Objective of the
- To analyze the historical growth of the market
size of India Digital Multimeter market from FY2017 to FY2020.
- To estimate and forecast the market size of India
Digital Multimeter market from FY2021 to FY2027 and growth rate until FY2027.
- To classify and forecast India Digital
Multimeter market based on type, functionality, application, regional
distribution, and company.
- To identify dominant region or segment in the India
Digital Multimeter market
- To identify drivers and challenges for India Digital
- To examine competitive developments such as
expansions, new product launches, mergers & acquisitions, etc., in India
Digital Multimeter market.
- To identify and analyze the profile of leading
players operating in India Digital Multimeter market.
- To identify key sustainable strategies adopted
by market players in India Digital Multimeter market.
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TechSci Research performed both primary as well as
exhaustive secondary research for this study. Initially, TechSci Research
sourced a list of manufacturers across the globe. Subsequently, TechSci
Research conducted primary research surveys with the identified companies.
While interviewing, the respondents were also enquired about their competitors.
Through this technique, TechSci Research could include the manufacturers who
could not be identified due to the limitations of secondary research. TechSci
Research analyzed the manufacturers, distribution channels and presence of all
major players across the globe.
TechSci Research calculated the market size of India Digital Multimeter market using a bottom-up approach, wherein data for various end-user
segments was recorded and forecast for the future years. TechSci Research
sourced these values from the industry experts and company representatives and
externally validated through analyzing historical data of these product types
and applications for getting an appropriate, overall market size. Various
secondary sources such as company websites, news articles, press releases,
company annual reports, investor presentations and financial reports were also studied
by TechSci Research.
Key Target Audience:
- Digital Multimeter manufacturing
- Market research and
- Government bodies such as
regulating authorities and policy makers
- Organizations, forums, and
alliances related to Digital Multimeter market
The study is useful in providing answers
to several critical questions that are important for the industry stakeholders
such as manufacturers, suppliers and partners, end users, etc., besides
allowing them in strategizing investments and capitalizing on market
In this report, India Digital
Multimeter market has been segmented into following categories, in addition to
the industry trends which have also been detailed below:
India Digital Multimeter Market, By
- India Digital Multimeter Market, By Functionality:
- Auto Ranging
- Clamp Digital
- Fluke Digital
- India Digital Multimeter Market, By Application:
- Consumer Electronics
- India Digital Multimeter Market, By Region:
Company Profiles: Detailed analysis of the major
companies present in India Digital Multimeter market.
With the given market data, TechSci
Research offers customizations according to a company’s specific needs. The
following customization options are available for the report:
India Digital Multimeter
market is an upcoming report to be released soon. If you wish an early delivery
of this report or want to confirm the date of release, please contact us at [email protected]
- Detailed analysis and
profiling of additional market players (up to five).