Market Research Future published a research report on “Digital Panel Meter Market Research Report - Global Forecast 2023” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2023.
Pune, India -- (SBWIRE) -- 04/10/2018 -- Market Highlights:
The study reveals that digital panel meter is trending in North America region. The growing requirement of digital panel meter by the industries due to its high accuracy and dual display for selecting primary measurement value. The digital panel meter can integrated with the circuit technologies which measures capacitance, temperature, frequency, buzzer, and others. The digital panel meter also enables direct current voltage readings can be measure either positive or negative, that analog multimeter does not provide these reading. It has the ability to freeze the meter to a particular range and others. There are certain limitation of digital panel meter as digital panel meter is not ideal for measuring values that are changing constantly.
In North America region, the digital panel meter demand are growing with huge demand in the industries due to more tamper resistant than analog. The prominent companies such as Precision Digital Corporation (U.S), Autonics USA, Inc. (U.S), Laurel Electronics (U.S) are manufacturing digital panel meter that can improve the performance at reduced cost. Due to the changing market trends & emerging opportunities, Digital Panel Meter Market are estimated to grow with huge demand in the market.
The global digital panel meter market is growing rapidly over ~6% of CAGR and is expected to reach at USD ~ 3,251 Million by the end of forecast period.
The prominent players in the global digital panel meter market are – Siemens AG (German), Murata Power Solutions, Inc., (U.S.), Red Lion Controls (U.S), OMRON Corporation (Japan), The Danaher Corporation (U.S), Phoenix Contact (Germany), PR Electronics (Denmark), Precision Digital Corporation (U.S), Autonics USA, Inc. (U.S), Laurel Electronics (U.S) and among others.
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Global Digital Panel Meter Market Segmentation
The global digital panel meter market are bifurcated on the basis of cover types, applications and region. The cover types are segmented into totalizers, multi-input indicators and scanners, temperature and process panel meters and others. The applications are segmented display current, display voltage, displays temperature and others. The region includes North America, Europe, Asia Pacific and rest of the world.
The regional analysis of digital panel meter market is being studied for region such as Asia pacific, North America, Europe and Rest of the World. North America is one of the leading region across the world in terms of market share in digital panel meter market as it has huge demand as it is widely used in the electronics industry for electronic measurement. The digital panel meter market in Europe region is expected to witness rapid growth in the forthcoming period. Whereas, Asia-Pacific countries like China, Japan and India is an emerging market for digital panel meter market and expected to be the highest CAGR in the coming years as the companies are taking interest in targeting the digital panel meter in these market to meet the requirement of customers' need.
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- Digital panel meter companies
- Digital panel meter providers
- Professional service providers
- Digital panel meter providers
- Research and development companies
- Market research and consulting firms
- Solution providers
- Technology standards organizations
- Technology investors
- System Integrators
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