Top Emerging Trends in the Global Industrial Multimeters Market | Technavio

LONDON–(BUSINESS WIRE)–#Automation—TechnavioÔÇÖs
latest market research report on the global
industrial multimeters market provides an analysis of the most
important trends expected to impact the market outlook from 2018-2022.

According to Technavio market research analysts, the global
industrial multimeters market will grow at a CAGR of over 3% during
the forecast period. One of the major end-users of multimeters is the
semiconductor industry. Within the industry, multimeters are mainly used
for diode measurement and testing. Before building any circuit, it is
compulsory to test every semiconductor to be used in the project.
Moreover, multimeters in the semiconductor industry are also used for
other applications like sensor and production testing, voltage,
reference testing, and research and development.

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In this report, Technavio highlights the advent of thermal imaging
multimeters as one of the key emerging trends in the global industrial
multimeters market:

Advent of thermal imaging multimeters

Over the past few years, the thermal imaging technology has progressed
as one of the most valuable diagnostic tools for the majority of the
industrial applications. By detecting irregularities that are usually
invisible to the normal eye, thermal imaging allows corrective action to
be executed prior to failures of expensive systems. Moreover, the
growing need to find downtime, combined with increased demand in
security and surveillance applications in the industrial sector has led
to a rise in the use of multimeters with thermal imaging capabilities.

ÔÇ£Built-in thermal camera sensors, intuitive user interface, large
display screen, onboard laser pointer, LED work lights, multiple
measurement functions such as TrueRMS, variable frequency drive, low
impedance, non-contact voltage, and advanced contact measurement are
some of the other benefits of thermal imaging multimeters,ÔÇØ says a
senior analyst at Technavio for research on automation.

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Global industrial multimeters market
segmentation

This market research report segments the global
industrial multimeters market into the following end-users
(OEMs, in-house industrial users, and third-party service providers) and
key regions (the Americas, APAC, and EMEA).

The OEMs segment held the largest market share in 2017, accounting for
nearly 45% of the market. The market share for this end-user is expected
to increase by 2022. The fastest growing end-user is in-house industrial
users, which will account for nearly 32% of the total market share by
2022.

APAC was the leading region for the global industrial multimeters market
in 2017, accounting for a market share of nearly 38%. By 2022, APAC is
expected to continue dominating the market and register the highest
growth.

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