According To TechSci Research, Saudi Arabia digital multimeter market is expected to grow at a steady rate during the forecast period. The rise in the initiatives taken by the government to diversify the income sources as the oil industry is the major revenue-generating source and ultimately boosts the country’s economy, which is expected to fuel the growth of domestic manufacturing industries. The rising disposable income of middle-class families is raising the expenditure capacity of the consumers, thereby accelerating the sales of electronic devices.
Digital multimeters are used for test and measurement applications as many consumers are using electronic devices for residential, industrial, and commercial purposes. The growing proliferation of electronic devices across many end-user industries and the growing competition among market players to maintain the quality of devices contribute to Saudi Arabia digital multimeter market growth. Digital multimeters are preferred over analog multimeters as they provide the results in numeric value to users, so there are lower chances of error as the user need not read manually from the device.
The leading authorities’ rise in investments in the automotive and defense sectors is expected to surge the demand for digital multimeters used for test and measurement purposes. Rising demand for digital multimeters from the prominent industry verticals such as automotive, residential, commercial, and industrial, amongst others for different applications, is expected to surge the demand for digital multimeters for the next five years.
Saudi Arabia digital multimeter market is segmented into type, functionality, application, regional distribution, and company. Based on functionality, the market can be divided into auto-ranging, clamp digital, fluke digital. The auto-ranging functionality segment is expected to grow in the forecast period, 2023-2027. The easy operational procedure makes it possible for unskilled and skilled people to operate the machine efficiently.
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The major players operating on the Saudi Arabia digital multimeter market are Fluke Corporation, Extech Instruments, Yokogawa, Amprobe, AEMC Instruments, Megger Group, Flir Systems, Dwyer Instruments, Transmille, Metrel, and others. Major companies are developing advanced technologies and launching new services to stay competitive in the market. Other competitive strategies include mergers & acquisitions and new service developments.
Objective of the Study:
TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of manufacturers across the globe. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the manufacturers which could not be identified due to the limitations of secondary research. TechSci Research analyzed the manufacturers, distribution channels and presence of all major players across the globe.
TechSci Research calculated the market size of Saudi Arabia Digital Multimeter market using a bottom-up approach, wherein data for various end-user segments was recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by TechSci Research.
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Key Target Audience:
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturers, suppliers and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.
| Attribute | Details |
| Base Year | 2021 |
| Historical Data | 2017 – 2020 |
| Estimated Year | 2022 |
| Forecast Period | 2023 – 2027 |
| Quantitative Units | Revenue in USD Million, and CAGR for 2017-2021 and 2022-2027 |
| Report coverage | Revenue forecast, volume forecast, company share, competitive landscape, growth factors, and trends |
| Segments covered | · Type · Functionality · Application |
| Regional scope | Western Region, Northern and Central Region, Eastern Region, Southern Region |
| Key companies profiled | Fluke Corporation, Extech Instruments, Yokogawa, Amprobe, AEMC Instruments, Megger Group, Flir Systems, Dwyer Instruments, Transmille, Metrel. |
| Customization scope | 10% free report customization with purchase. Addition or alteration to country, regional & segment scope. |
| Pricing and purchase options | Avail customized purchase options to meet your exact research needs. Explore purchase options |
| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
Report Scope:
In this report, Saudi Arabia Digital Multimeter market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
Competitive Landscape
Company Profiles: Detailed analysis of the major companies present in Saudi Arabia Digital Multimeter market.
About TechSci Research
TechSci Research is a leading global market research firm publishing premium market research reports. Serving 700 global clients with more than 600 premium market research studies, TechSci Research is serving clients across 11 different industrial verticals. TechSci Research specializes in research-based consulting assignments in high growth and emerging markets, leading technologies and niche applications. Our workforce of more than 100 fulltime Analysts and Consultants employing innovative research solutions and tracking global and country specific high growth markets helps TechSci clients to lead rather than follow market trends.
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