Saudi Arabia digital multimeter market
is expected to grow at a steady rate during the forecast period. The rise in
the initiatives taken by the government to diversify the income sources as the
oil industry is the major revenue-generating source and ultimately boosts the
country's economy, which is expected to fuel the growth of domestic
manufacturing industries. The rising disposable income of middle-class families
is raising the expenditure capacity of the consumers, thereby accelerating the
sales of electronic devices.
Digital multimeters are used for test and
measurement applications as many consumers are using electronic devices for
residential, industrial, and commercial purposes. The growing proliferation of
electronic devices across many end-user industries and the growing competition
among market players to maintain the quality of devices contribute to Saudi
Arabia digital multimeter market growth. Digital multimeters are preferred over
analog multimeters as they provide the results in numeric value to users, so
there are lower chances of error as the user need not read manually from the
device.
The leading authorities' rise in
investments in the automotive and defense sectors is expected to surge the
demand for digital multimeters used for test and measurement purposes. Rising
demand for digital multimeters from the prominent industry verticals such as
automotive, residential, commercial, and industrial, amongst others for
different applications, is expected to surge the demand for digital multimeters
for the next five years.
Saudi Arabia digital multimeter market
is segmented into type, functionality, application, regional distribution, and
company. Based on functionality, the market can be divided into auto-ranging,
clamp digital, fluke digital. The auto-ranging functionality segment is
expected to grow in the forecast period, 2023-2027. The easy operational
procedure makes it possible for unskilled and skilled people to operate the
machine efficiently.
The major players operating on the Saudi
Arabia digital multimeter market are Fluke Corporation, Extech Instruments,
Yokogawa, Amprobe, AEMC Instruments, Megger Group, Flir Systems, Dwyer
Instruments, Transmille, Metrel, 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.
Objective of the Study:
- To analyze and estimate the market size of Saudi Arabia Digital Multimeter
market from 2017 to 2020.
- To estimate and forecast the market size of Saudi Arabia Digital
Multimeter market from 2021 to 2027 and growth rate until 2027.
- To classify and forecast Saudi Arabia Digital Multimeter market based
on type, functionality, application, regional distribution, and company.
- To identify dominant region or segment in the Saudi Arabia Digital
Multimeter market.
- To identify drivers and challenges for Saudi Arabia Digital
Multimeter market.
- To examine competitive developments such as expansions, new product
launches, mergers & acquisitions, etc., in Saudi Arabia Digital
Multimeter market.
- To identify and analyze the profile of leading players operating in
Saudi Arabia Digital Multimeter market.
- To identify key sustainable strategies adopted by market players in
Saudi Arabia 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 which 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 Saudi Arabia 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 companies
- Market research and consulting firms
- 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 opportunities.
Attribute
|
Details
|
Base Year
|
2021
|
Historical Data
|
2017 –
2020
|
Estimated Year
|
2022
|
Forecast Period
|
2023
– 2027
|
Quantitative Units
|
Revenue in USD Million, and CAGR for 2017-2021 and 2022-2027
|
Report coverage
|
Revenue
forecast, volume forecast, company share, competitive landscape, growth
factors, and trends
|
Segments covered
|
·
Type
·
Functionality
·
Application
|
Regional scope
|
Western
Region, Northern and Central Region, Eastern Region, Southern Region
|
Key companies profiled
|
Fluke Corporation, Extech Instruments, Yokogawa, Amprobe, AEMC
Instruments, Megger Group, Flir Systems, Dwyer Instruments, Transmille, Metrel.
|
Customization scope
|
10%
free report customization with purchase. Addition or alteration to country,
regional & segment scope.
|
Pricing and purchase options
|
Avail customized purchase options to meet your exact research
needs. Explore purchase options
|
Delivery Format
|
PDF
and Excel through Email (We can also provide the editable version of the
report in PPT/Word format on special request)
|
Report Scope:
In this report, Saudi Arabia Digital
Multimeter market has been segmented into following categories, in
addition to the industry trends which have also been detailed below:
- Saudi Arabia Digital Multimeter Market, By Type:
- Handheld
- Bench-Top
- Mounted
- Saudi Arabia Digital Multimeter Market, By Functionality:
- Auto
Ranging
- Clamp
Digital
- Fluke
Digital
- Saudi Arabia Digital Multimeter Market, By Application:
- Automotive
- Manufacturing
- Consumer
Electronics
- Industrial
- Residential
- Commercial
- Saudi Arabia Digital Multimeter Market, By Region:
- Western
Region
- Northern
& Central Region
- Eastern
Region
- Southern Region
Competitive
Landscape
Company Profiles: Detailed analysis of the major
companies present in Saudi Arabia Digital Multimeter market.
Available Customizations:
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:
Company Information
- Detailed analysis and profiling of
additional market players (up to five).
Saudi Arabia 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]
In case you don’t find what you are looking for, please get in touch with our custom research team at [email protected]