Multimeter industry market demand
The multimeter can be used not only to measure the resistance of the measured object, but also to measure the DC voltage. Some multimeters can even measure the main parameters of transistors and the capacitance of capacitors. It is one of the most basic skills of electronic technology to be fully proficient in the use of multimeters. Common multimeters include pointer multimeters and digital multimeters.
The pointer multimeter is a multi-functional measuring instrument with the meter head as the core component, and the measured value is read by the pointer of the meter head. The measured value of the digital multimeter is directly displayed in digital form by the liquid crystal display, which is easy to read, and some also have a voice prompt function. A multimeter is a meter that combines a voltmeter, an ammeter and an ohmmeter in one head.
In 2022, the global digital multimeter market size is about 8.1 billion yuan. Due to the advantages of low cost and multiple functions of multimeters, along with the popularity of electronic equipment in various end-user industries, it is expected to continue to maintain a steady growth trend in the future. By 2029 The annual market size will be close to 10.4 billion yuan, and the CAGR will be 3.6% in the next seven years.
my country's multimeters have achieved an import and export surplus, and domestic manufacturers can compete with international leading manufacturers. Foreign countries are led by American Fluke (FLUKE), which is the leading enterprise of electronic and electrical testing instruments in the world. Domestic brands are led by Unid, Huashengchang, and Shengli. After years of development, my country's multimeters have achieved a surplus in imports and exports. Products such as multimeters and clamp meters can already compete with leading manufacturers such as American Fluke (FLUKE). From the perspective of market segment competition and market share, the domestic electronic and electrical testing instrument industry is relatively fragmented, with many industry participants, but there are few well-known enterprises, and there is a large room for integration. The output of electrical instruments and meters is on the rise as a whole, and the output will decline in 2020 due to the impact of the new crown epidemic. From 2015 to 2021, the output of electrical instruments and meters will increase from 177 million units to 278 million units, with a CAGR of 7.81%.
