DUBLIN–(BUSINESS WIRE)–The “Saudi Arabia Digital Multimeter Market, By Type, By Functionality, By Application (Automotive, Manufacturing, Consumer Electronics, Industrial, Residential, Commercial), By Region, Competition Forecast & Opportunities, 2028” report has been added to ResearchAndMarkets.com’s offering.
Saudi Arabia Digital Multimeter market is projected to register significant growth during 2023-2027
The market growth can be attributed to the rising initiatives by the government to diversify income sources beyond the oil industry, which is currently its major revenue-generating sector. Increasing penetration of electronic devices across various end-user industries and rising personal disposable income of the middle-class population are also driving the growth of Saudi Arabia digital multimeter market.
Besides, the multifunctional nature of multimeters and increasing automation in the manufacturing industry are increasing the demand for digital multimeters in Saudi Arabia. Moreover, the thriving electronics industry, along with rapid industrialization, is expanding the adoption of electronic devices, which is further augmenting the growth of the digital multimeter market in Saudi Arabia.
Growing technological advancements in product manufacturing have enabled electric manufacturers to combine measuring instruments, polarization index, dielectric absorption, and earth-bound resistance, which provide improved efficiency and user-friendly experience, driving the growth of the Saudi Arabia multimeter market.
Increasing preferences for digital multimeters over analog multimeters for accurate readings and reducing the chances of error are further substantiating the growth of Saudi Arabia digital multimeter market. Growing demand for digital multimeters in prominent industry verticals such as residential, automotive, commercial, and industrial are expected to drive the growth of Saudi Arabia digital multimeter market.
The auto ranging functionality segment is anticipated to dominate the Saudi Arabia digital multimeter market. Based on application, the market can be further divided into automotive, manufacturing, consumer electronics, industrial, residential, and commercial.
The automotive segment is expected to hold the largest share in Saudi Arabia digital multimeter market due to its increasing adoption for the measurement of electric parameters.
Objective of the Study:
- To analyze the market size of Saudi Arabia Digital Multimeter market from 2017 to 2021.
- To estimate and forecast the market size of Saudi Arabia Digital Multimeter market from 2022E to 2027F and growth rate until 2027F.
- 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.
Competitive Landscape
Company Profiles: Detailed analysis of the major companies present in Saudi Arabia Digital Multimeter market.
- Fluke Corporation
- Extech Instruments
- Yokogawa
- Amprobe
- AEMC Instruments
- Megger Group
- Flir Systems
- Dwyer Instruments
- Transmille
- Metrel
Report Scope:
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
Years considered for this report:
- Historical Years: 2017-2020
- Base Year: 2021
- Estimated Year: 2022E
- Forecast Period: 2023F-2027F
For more information about this report visit https://www.researchandmarkets.com/r/rxcur6
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