Global Multimeters Supply, Demand and Key Producers, 2026-2032

The global Multimeters market size is expected to reach $ 1427 million by 2032, rising at a market growth of 2.7% CAGR during the forecast period (2026-2032).

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 studies the global Multimeters production, demand, key manufacturers, and key regions.

This report is a detailed and comprehensive analysis of the world market for Multimeters and provides market size (US$ million) and Year-over-Year (YoY) Growth, considering 2025 as the base year. This report explores demand trends and competition, as well as details the characteristics of Multimeters that contribute to its increasing demand across many markets.

Highlights and key features of the study

Global Multimeters total production and demand, 2021-2032, (K Units)

Global Multimeters total production value, 2021-2032, (USD Million)

Global Multimeters production by region & country, production, value, CAGR, 2021-2032, (USD Million) & (K Units), (based on production site)

Global Multimeters consumption by region & country, CAGR, 2021-2032 & (K Units)

U.S. VS China: Multimeters domestic production, consumption, key domestic manufacturers and share

Global Multimeters production by manufacturer, production, price, value and market share 2021-2026, (USD Million) & (K Units)

Global Multimeters production by Type, production, value, CAGR, 2021-2032, (USD Million) & (K Units)

Global Multimeters production by Application, production, value, CAGR, 2021-2032, (USD Million) & (K Units)

This report profiles key players in the global Multimeters market based on the following parameters - company overview, production, value, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include Fluke Corporation, Keysight, FLIR, Rohde & Schwarz, Victor, UNI-T, HIOKI, Chauvin Arnoux Group, Klein Tools, B&K Precision Corporation, etc.

This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.

Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the World Multimeters market

Detailed Segmentation:

Each section contains quantitative market data including market by value (US$ Millions), volume (production, consumption) & (K Units) and average price (USD/Unit) by manufacturer, by Type, and by Application. Data is given for the years 2021-2032 by year with 2025 as the base year, 2026 as the estimate year, and 2027-2032 as the forecast year.

Global Multimeters Market, By Region:
United States
China
Europe
Japan
South Korea
ASEAN
India
Rest of World

Global Multimeters Market, Segmentation by Type:
Handheld Type
Bench-Top Type
Others

Global Multimeters Market, Segmentation by Application:
Industrial Manufacturing
Commercial
Public Utilities

Companies Profiled:
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.

Key Questions Answered:

1. How big is the global Multimeters market?

2. What is the demand of the global Multimeters market?

3. What is the year over year growth of the global Multimeters market?

4. What is the production and production value of the global Multimeters market?

5. Who are the key producers in the global Multimeters market?

6. What are the growth factors driving the market demand? Show more