Automotive segment to dominate India Digital Multimeter market through FY2027
Growing automotive sector
and the rise in adoption of digitization is expected to drive the demand for India
Digital Multimeter market in the forecast period.
According to TechSci Research report, “India
Digital Multimeter Market By Type (Handheld, Bench-Top, Mounted) By
Functionality (Auto Ranging, Clamp Digital, Fluke Digital) By Application
(Automotive, Manufacturing, Consumer Electronics, Industrial, Residential,
Commercial), By Region, Company Forecast & Opportunities, FY2027”, The
India Digital Multimeter market is expected to witness steady growth in the
forecast period. A digital multimeter can be defined as the standard diagnostic
tool that can be used to measure different parameters such as resistance,
capacitance, voltage, and current in electrical and electronic appliances. It
has a display screen with buttons, a dial or a rotary switch, and several input
jacks to insert the test leads are inserted. Digital multimeters are preferred
over analog multimeters as they are more reliable and provide accurate results.
The results are displayed on the screen in numeric value and there are fewer
chances of human error as there is no need to manually read the device. The
surge in the demand for dual display resolution and high accuracy and
reliability is contributing to the market growth. The increasing demand for
consumer electronic devices from the prominent end-user industries and the
development of application-specific is boosting the demand of the digital
multimeter market growth. Supportive government policies such as the Make in
India initiative promoting domestic manufacturing in the country to boost the
local economy are expected to create lucrative opportunities for the growth of
the digital multimeter market.
The COVID-19 outbreak across the world which has been
declared as a pandemic by World Health Organization has affected several
countries adversely. Coronavirus-affected patients started suffering from
shortness of breath along with coughing and sneezing. Leading authorities of
India imposed lockdown restrictions and released a set of precautionary
measures to contain the spread of novel coronavirus. Manufacturing industries
were temporarily shut down to curb the effect of coronavirus. Import and export
activities were restricted which adversely affected the supply chain. Workers
moved back to their native places thereby creating a shortage of workforce at
the organization.
However, high installation costs and the lack of
incompatibility with other devices may restrain the growth of the Digital
Multimeter market in the forecast period.
Browse XX Figures spread through XX Pages and an
in-depth TOC on “India Digital Multimeter Market”.
https://www.techsciresearch.com/report/india-digital-multimeter-market/7781.html
India
Digital Multimeter market is segmented into type, functionality, application,
regional distribution, and company.
Based on the type, the market can be divided into handheld, bench-top,
mounted. The handheld segment is expected to witness growth in the forecast
period, FY2023-FY2027. The ease of carrying the digital multimeter for
different applications and the portability of the handheld digital multimeters
enhance the convenience and the user experience. Handheld multimeters are light
in weight and are small in size. High demand from the energy and the automotive
sector is fostering the growth of the digital multimeter market. Based on the
application, the market can be divided into automotive, manufacturing, consumer
electronics, industrial, residential, commercial. The automotive segment is
expected to account for a major market share in the forecast period. The
increase in the affordability of consumers and the high sales of automobiles
are influencing the growth of the market. The high demand for self-driving cars
and autonomous vehicles is contributing to the market growth. Digital
multimeters are used in the automotive industry for the precise measurement of
electrical parameters such as current, voltage, resistance, and capacitance.
Digital multimeters are also used for testing the electrical batteries and
diagnose the issues relating to the engine and sound systems.
Fluke
Corporation, Meco Instruments, Mastech Group, HTC Corporation, EGK, Metravi
Instruments, Kusam-meco, Crown Electronic Systems, Motwane are the leading
players operating in India Digital Multimeter market. Service providers are
increasingly focusing on research and development process to fuel higher growth
in the market. To meet evolving customer demand with respect to better
efficiency and durability, several ambulance service providers are coming up
with their technologically advanced offerings.
Download Sample Report @ https://www.techsciresearch.com/sample-report.aspx?cid=7781
Customers can also
request for 10% free customization on this report.
“The
adoption of advanced technologies such as artificial intelligence, the internet
of things, machine learning is expected to boost the adoption of digital
infrastructure in prominent industries. The development of electric vehicle
charging infrastructure and the rise in the concerns regarding the adverse
effect of the harmful gases emission into the environment is increasing the
sales of electric vehicles which in turn is propelling the growth of the market
till FY2027” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based
global management consulting firm.
“India
Digital Multimeter Market By Type (Handheld, Bench-Top, Mounted) By
Functionality (Auto Ranging, Clamp Digital, Fluke Digital) By Application (Automotive,
Manufacturing, Consumer Electronics, Industrial, Residential, Commercial), By
Region, Company Forecast & Opportunities, FY2027” has evaluated
the future growth potential of India Digital Multimeter market and provided
statistics & information on market size, shares, structure and future
market growth. The report intends to provide cutting-edge market intelligence
and help decision makers take sound investment decisions. Besides, the report
also identifies and analyzes the emerging trends along with essential drivers, challenges,
and opportunities in the of India Digital Multimeter market.
Contact
Mr. Ken Mathews
708 Third Avenue,
Manhattan, NY,
New York – 10017
Tel: +1-646-360-1656
Email: [email protected]