Industry: Machinery & Equipment
Published Date: 2025-02-25
Pages: 147 Pages
Report ld: 4226285
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Multimeter Market Size(US$)

CAGR 2025-2031
2.8%
Market Size,2031
USD 1,360
Million
Market Snapshot
Source: Secondary research, interviews with experts, and QYResearch analysis
The global market for Multimeter was estimated to be worth US$ 1124 million in 2024 and is forecast to a readjusted size of US$ 1360 million by 2031 with a CAGR of 2.8% during the forecast period 2025-2031.
A multimeter or a multitester, also known as a VOM (volt-ohm-milliammeter), is an electronic measuring instrument that combines several measurement functions in one unit. A typical multimeter can measure voltage, current, and resistance. Analog multimeters use a microammeter with a moving pointer to display readings. Digital multimeters (DMM, DVOM) have a numeric display, and may also show a graphical bar representing the measured value. Digital multimeters are now far more common due to their cost and precision. It is a standard diagnostic tool for technicians in the electrical/electronic industries.
Currently, there are plenty of producing companies in the world. The Global market main players are Fluke Corporation, Keysight, FLIR, Rohde & Schwarz, Victor, UNI-T, HIOKI, Chauvin Arnoux Group, Klein Tools, B&K Precision Corporation, CEM, Gossen Metrawatt, Prokits Industries Co., LTD, Mastech Group, GW Instek, Sata, Triplett, Leierda, Metrel d.d. and so on.
In the production market, the Largest production region is China, with the production market share is 54% and the revenue market share is 30%.
China is the largest consumption country of Multimeters, with a sales market share nearly 35%.The second region is North America, following China with the sales market share of 20%.
Multimeters used in Industrial Manufacturing, Commercial and Public Utilities. Report data showed that 60% of the Multimeters market demand in Industrial Manufacturing.
There are main three kinds of Multimeters, which are Handheld Type, Bench-top Type and others. Handheld Type is important in the Multimeters, with a Production market share nearly 79%.
This report aims to provide a comprehensive presentation of the global market for Multimeter, focusing on the total sales volume, sales revenue, price, key companies market share and ranking, together with an analysis of Multimeter by region & country, by Type, and by Application.
The Multimeter market size, estimations, and forecasts are provided in terms of sales volume (Units) and sales revenue ($ millions), considering 2024 as the base year, with history and forecast data for the period from 2020 to 2031. With both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Multimeter.
MARKET SEGMENTATION
CHAPTER OUTLINE
Chapter 1: Introduces the report scope of the report, global total market size (value, volume and price). This chapter also provides the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 2: Detailed analysis of Multimeter manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 4: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 5: Sales, revenue of Multimeter in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the market development, future development prospects, market space, and market size of each country in the world.
Chapter 6: Sales, revenue of Multimeter in country level. It provides sigmate data by Type, and by Application for each country/region.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Conclusion.
QYRESEARCH'S STRENGTHS
Unlike generic global market reports, this study combines macro-level industry trends with hyper-local operational intelligence, empowering data-driven decisions across the Compound Chocolate value chain, addressing:
We identify regional market threats and growth prospects to guide your overseas layout.
We adjust product portfolios in line with local consumption habits.
We unpack rivals’ operation strategies for scattered and highly concentrated industries.
We cover competition landscape, full supply chain and quantified market size data, and deliver tailor-made customized surveys to meet your unique business demands.
We own self-owned massive exclusive databases, backed by 19 years of global market research experience across thousands of sectors.
Our team operates 24 hours a day, 365 days a year, enabling ultra-fast report turnaround to respond to your research needs efficiently.
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TABLE OF CONTENTS
1 Market Overview
1.1 Multimeter Product Introduction
1.2 Global Multimeter Market Size Forecast
1.2.1 Global Multimeter Sales Value (2020-2031)
1.2.2 Global Multimeter Sales Volume (2020-2031)
1.2.3 Global Multimeter Sales Price (2020-2031)
1.3 Multimeter Market Trends & Drivers
1.3.1 Multimeter Industry Trends
1.3.2 Multimeter Market Drivers & Opportunity
1.3.3 Multimeter Market Challenges
1.3.4 Multimeter Market Restraints
1.4 Assumptions and Limitations
1.5 Study Objectives
1.6 Years Considered
2 Competitive Analysis by Company
2.1 Global Multimeter Players Revenue Ranking (2024)
2.2 Global Multimeter Revenue by Company (2020-2025)
2.3 Global Multimeter Players Sales Volume Ranking (2024)
2.4 Global Multimeter Sales Volume by Company Players (2020-2025)
2.5 Global Multimeter Average Price by Company (2020-2025)
2.6 Key Manufacturers Multimeter Manufacturing Base and Headquarters
2.7 Key Manufacturers Multimeter Product Offered
2.8 Key Manufacturers Time to Begin Mass Production of Multimeter
2.9 Multimeter Market Competitive Analysis
2.9.1 Multimeter Market Concentration Rate (2020-2025)
2.9.2 Global 5 and 10 Largest Manufacturers by Multimeter Revenue in 2024
2.9.3 Global Top Manufacturers by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in Multimeter as of 2024)
2.10 Mergers & Acquisitions, Expansion
3 Segmentation by Type
3.1 Introduction by Type
3.1.1 Handheld
3.1.2 Bench-top
3.1.3 Others
3.2 Global Multimeter Sales Value by Type
3.2.1 Global Multimeter Sales Value by Type (2020 VS 2024 VS 2031)
3.2.2 Global Multimeter Sales Value, by Type (2020-2031)
3.2.3 Global Multimeter Sales Value, by Type (%) (2020-2031)
3.3 Global Multimeter Sales Volume by Type
3.3.1 Global Multimeter Sales Volume by Type (2020 VS 2024 VS 2031)
3.3.2 Global Multimeter Sales Volume, by Type (2020-2031)
3.3.3 Global Multimeter Sales Volume, by Type (%) (2020-2031)
3.4 Global Multimeter Average Price by Type (2020-2031)
4 Segmentation by Application
4.1 Introduction by Application
4.1.1 Automotive
4.1.2 Manufacturing
4.1.3 Energy
4.1.4 Residential
4.1.5 Commercial
4.1.6 Others
4.2 Global Multimeter Sales Value by Application
4.2.1 Global Multimeter Sales Value by Application (2020 VS 2024 VS 2031)
4.2.2 Global Multimeter Sales Value, by Application (2020-2031)
4.2.3 Global Multimeter Sales Value, by Application (%) (2020-2031)
4.3 Global Multimeter Sales Volume by Application
4.3.1 Global Multimeter Sales Volume by Application (2020 VS 2024 VS 2031)
4.3.2 Global Multimeter Sales Volume, by Application (2020-2031)
4.3.3 Global Multimeter Sales Volume, by Application (%) (2020-2031)
4.4 Global Multimeter Average Price by Application (2020-2031)
5 Segmentation by Region
5.1 Global Multimeter Sales Value by Region
5.1.1 Global Multimeter Sales Value by Region: 2020 VS 2024 VS 2031
5.1.2 Global Multimeter Sales Value by Region (2020-2025)
5.1.3 Global Multimeter Sales Value by Region (2026-2031)
5.1.4 Global Multimeter Sales Value by Region (%), (2020-2031)
5.2 Global Multimeter Sales Volume by Region
5.2.1 Global Multimeter Sales Volume by Region: 2020 VS 2024 VS 2031
5.2.2 Global Multimeter Sales Volume by Region (2020-2025)
5.2.3 Global Multimeter Sales Volume by Region (2026-2031)
5.2.4 Global Multimeter Sales Volume by Region (%), (2020-2031)
5.3 Global Multimeter Average Price by Region (2020-2031)
5.4 North America
5.4.1 North America Multimeter Sales Value, 2020-2031
5.4.2 North America Multimeter Sales Value by Country (%), 2024 VS 2031
5.5 Europe
5.5.1 Europe Multimeter Sales Value, 2020-2031
5.5.2 Europe Multimeter Sales Value by Country (%), 2024 VS 2031
5.6 Asia Pacific
5.6.1 Asia Pacific Multimeter Sales Value, 2020-2031
5.6.2 Asia Pacific Multimeter Sales Value by Region (%), 2024 VS 2031
5.7 South America
5.7.1 South America Multimeter Sales Value, 2020-2031
5.7.2 South America Multimeter Sales Value by Country (%), 2024 VS 2031
5.8 Middle East & Africa
5.8.1 Middle East & Africa Multimeter Sales Value, 2020-2031
5.8.2 Middle East & Africa Multimeter Sales Value by Country (%), 2024 VS 2031
6 Segmentation by Key Countries/Regions
6.1 Key Countries/Regions Multimeter Sales Value Growth Trends, 2020 VS 2024 VS 2031
6.2 Key Countries/Regions Multimeter Sales Value
6.2.1 Key Countries/Regions Multimeter Sales Value, 2020-2031
6.2.2 Key Countries/Regions Multimeter Sales Volume, 2020-2031
6.3 United States
6.3.1 United States Multimeter Sales Value, 2020-2031
6.3.2 United States Multimeter Sales Value by Type (%), 2024 VS 2031
6.3.3 United States Multimeter Sales Value by Application, 2024 VS 2031
6.4 Europe
6.4.1 Europe Multimeter Sales Value, 2020-2031
6.4.2 Europe Multimeter Sales Value by Type (%), 2024 VS 2031
6.4.3 Europe Multimeter Sales Value by Application, 2024 VS 2031
6.5 China
6.5.1 China Multimeter Sales Value, 2020-2031
6.5.2 China Multimeter Sales Value by Type (%), 2024 VS 2031
6.5.3 China Multimeter Sales Value by Application, 2024 VS 2031
6.6 Japan
6.6.1 Japan Multimeter Sales Value, 2020-2031
6.6.2 Japan Multimeter Sales Value by Type (%), 2024 VS 2031
6.6.3 Japan Multimeter Sales Value by Application, 2024 VS 2031
6.7 South Korea
6.7.1 South Korea Multimeter Sales Value, 2020-2031
6.7.2 South Korea Multimeter Sales Value by Type (%), 2024 VS 2031
6.7.3 South Korea Multimeter Sales Value by Application, 2024 VS 2031
6.8 Southeast Asia
6.8.1 Southeast Asia Multimeter Sales Value, 2020-2031
6.8.2 Southeast Asia Multimeter Sales Value by Type (%), 2024 VS 2031
6.8.3 Southeast Asia Multimeter Sales Value by Application, 2024 VS 2031
6.9 India
6.9.1 India Multimeter Sales Value, 2020-2031
6.9.2 India Multimeter Sales Value by Type (%), 2024 VS 2031
6.9.3 India Multimeter Sales Value by Application, 2024 VS 2031
7 Company Profiles
7.1 Fluke Corporation
7.1.1 Fluke Corporation Company Information
7.1.2 Fluke Corporation Introduction and Business Overview
7.1.3 Fluke Corporation Multimeter Sales, Revenue, Price and Gross Margin (2020-2025)
7.1.4 Fluke Corporation Multimeter Product Offerings
7.1.5 Fluke Corporation Recent Development
7.2 Keysight
7.2.1 Keysight Company Information
7.2.2 Keysight Introduction and Business Overview
7.2.3 Keysight Multimeter Sales, Revenue, Price and Gross Margin (2020-2025)
7.2.4 Keysight Multimeter Product Offerings
7.2.5 Keysight Recent Development
7.3 FLIR
7.3.1 FLIR Company Information
7.3.2 FLIR Introduction and Business Overview
7.3.3 FLIR Multimeter Sales, Revenue, Price and Gross Margin (2020-2025)
7.3.4 FLIR Multimeter Product Offerings
7.3.5 FLIR Recent Development
7.4 Rohde & Schwarz
7.4.1 Rohde & Schwarz Company Information
7.4.2 Rohde & Schwarz Introduction and Business Overview
7.4.3 Rohde & Schwarz Multimeter Sales, Revenue, Price and Gross Margin (2020-2025)
7.4.4 Rohde & Schwarz Multimeter Product Offerings
7.4.5 Rohde & Schwarz Recent Development
7.5 Victor
7.5.1 Victor Company Information
7.5.2 Victor Introduction and Business Overview
7.5.3 Victor Multimeter Sales, Revenue, Price and Gross Margin (2020-2025)
7.5.4 Victor Multimeter Product Offerings
7.5.5 Victor Recent Development
7.6 UNI-T
7.6.1 UNI-T Company Information
7.6.2 UNI-T Introduction and Business Overview
7.6.3 UNI-T Multimeter Sales, Revenue, Price and Gross Margin (2020-2025)
7.6.4 UNI-T Multimeter Product Offerings
7.6.5 UNI-T Recent Development
7.7 HIOKI
7.7.1 HIOKI Company Information
7.7.2 HIOKI Introduction and Business Overview
7.7.3 HIOKI Multimeter Sales, Revenue, Price and Gross Margin (2020-2025)
7.7.4 HIOKI Multimeter Product Offerings
7.7.5 HIOKI Recent Development
7.8 Chauvin Arnoux Group
7.8.1 Chauvin Arnoux Group Company Information
7.8.2 Chauvin Arnoux Group Introduction and Business Overview
7.8.3 Chauvin Arnoux Group Multimeter Sales, Revenue, Price and Gross Margin (2020-2025)
7.8.4 Chauvin Arnoux Group Multimeter Product Offerings
7.8.5 Chauvin Arnoux Group Recent Development
7.9 Klein Tools
7.9.1 Klein Tools Company Information
7.9.2 Klein Tools Introduction and Business Overview
7.9.3 Klein Tools Multimeter Sales, Revenue, Price and Gross Margin (2020-2025)
7.9.4 Klein Tools Multimeter Product Offerings
7.9.5 Klein Tools Recent Development
7.10 B&K Precision Corporation
7.10.1 B&K Precision Corporation Company Information
7.10.2 B&K Precision Corporation Introduction and Business Overview
7.10.3 B&K Precision Corporation Multimeter Sales, Revenue, Price and Gross Margin (2020-2025)
7.10.4 B&K Precision Corporation Multimeter Product Offerings
7.10.5 B&K Precision Corporation Recent Development
7.11 CEM
7.11.1 CEM Company Information
7.11.2 CEM Introduction and Business Overview
7.11.3 CEM Multimeter Sales, Revenue, Price and Gross Margin (2020-2025)
7.11.4 CEM Multimeter Product Offerings
7.11.5 CEM Recent Development
7.12 Gossen Metrawatt
7.12.1 Gossen Metrawatt Company Information
7.12.2 Gossen Metrawatt Introduction and Business Overview
7.12.3 Gossen Metrawatt Multimeter Sales, Revenue, Price and Gross Margin (2020-2025)
7.12.4 Gossen Metrawatt Multimeter Product Offerings
7.12.5 Gossen Metrawatt Recent Development
7.13 Prokits Industries
7.13.1 Prokits Industries Company Information
7.13.2 Prokits Industries Introduction and Business Overview
7.13.3 Prokits Industries Multimeter Sales, Revenue, Price and Gross Margin (2020-2025)
7.13.4 Prokits Industries Multimeter Product Offerings
7.13.5 Prokits Industries Recent Development
7.14 Mastech Group
7.14.1 Mastech Group Company Information
7.14.2 Mastech Group Introduction and Business Overview
7.14.3 Mastech Group Multimeter Sales, Revenue, Price and Gross Margin (2020-2025)
7.14.4 Mastech Group Multimeter Product Offerings
7.14.5 Mastech Group Recent Development
7.15 GW Instek
7.15.1 GW Instek Company Information
7.15.2 GW Instek Introduction and Business Overview
7.15.3 GW Instek Multimeter Sales, Revenue, Price and Gross Margin (2020-2025)
7.15.4 GW Instek Multimeter Product Offerings
7.15.5 GW Instek Recent Development
7.16 Sata
7.16.1 Sata Company Information
7.16.2 Sata Introduction and Business Overview
7.16.3 Sata Multimeter Sales, Revenue, Price and Gross Margin (2020-2025)
7.16.4 Sata Multimeter Product Offerings
7.16.5 Sata Recent Development
7.17 Triplett
7.17.1 Triplett Company Information
7.17.2 Triplett Introduction and Business Overview
7.17.3 Triplett Multimeter Sales, Revenue, Price and Gross Margin (2020-2025)
7.17.4 Triplett Multimeter Product Offerings
7.17.5 Triplett Recent Development
7.18 Leierda
7.18.1 Leierda Company Information
7.18.2 Leierda Introduction and Business Overview
7.18.3 Leierda Multimeter Sales, Revenue, Price and Gross Margin (2020-2025)
7.18.4 Leierda Multimeter Product Offerings
7.18.5 Leierda Recent Development
7.19 Metrel
7.19.1 Metrel Company Information
7.19.2 Metrel Introduction and Business Overview
7.19.3 Metrel Multimeter Sales, Revenue, Price and Gross Margin (2020-2025)
7.19.4 Metrel Multimeter Product Offerings
7.19.5 Metrel Recent Development
8 Industry Chain Analysis
8.1 Multimeter Industrial Chain
8.2 Multimeter Upstream Analysis
8.2.1 Key Raw Materials
8.2.2 Raw Materials Key Suppliers
8.2.3 Manufacturing Cost Structure
8.3 Midstream Analysis
8.4 Downstream Analysis (Customers Analysis)
8.5 Sales Model and Sales Channels
8.5.1 Multimeter Sales Model
8.5.2 Sales Channel
8.5.3 Multimeter Distributors
9 Research Findings and Conclusion
10 Appendix
10.1 Research Methodology
10.1.1 Methodology/Research Approach
10.1.1.1 Research Programs/Design
10.1.1.2 Market Size Estimation
10.1.1.3 Market Breakdown and Data Triangulation
10.1.2 Data Source
10.1.2.1 Secondary Sources
10.1.2.2 Primary Sources
10.2 Author Details
10.3 Disclaimer
TABLE OF FIGURES
List of Tables
List of Figures
KEY QUESTIONS ADDRESSED BY THE REPORT
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REPORT COVERAGE
DESCRIPTION
OVERVIEW
MARKET SEGMENTATION
CHAPTER OUTLINE
QYRESEARCH'S STRENGTHS
TABLE OF CONTENTS
TABLE OF FIGURES
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