Fast Market Research announces the availability of Technavio's new report "Global Multimeter Market 2015-2019" on their comprehensive research portal

Boston, MA -- (SBWire) -- 08/11/2015 --A multimeter, also known as a multitester or VOM, is a type of electronic measurement instrument that incorporates several measurement functions in one compact unit. The most basic features include measurement of voltage, current, and resistance. A multimeter can be of two types: analog and digital. An analog multimeter uses a microammeter that includes a pointer moving over a calibrated scale to make various types of measurements. On the other hand, a digital one possesses a display screen that displays the reading in numeric digits. The demand for digital multimeter is increasing compared to analog because of the precise and accurate measurements provided by the digital multimeter.

Technavio's analysts forecast the global multimeter market to grow at a CAGR of 6.02% over the period 2014-2019.

Get More Details on this Report and a Full Table of Contents at Global Multimeter Market 2015-2019

Commenting on the report, an analyst from Technavio's team said: "Continuous changes in technology such as the availability of Bluetooth-enabled multimeters and multimeters with remote display and the incorporation of field-programmable gate arrays and real-time processors have compelled multimeter vendors to be more proactive. Consequently, vendors across the geographies have increased their spending on R&D."

According to the report, the increased use of sensors and other advanced technologies worldwide has increased the need for the use of test equipment, especially multimeters, during design and post manufacture to check the conformance and accuracy of products.

Further, the report states that the growth of the market is hindered by the increased adoption of used and rental general purpose test equipment. Multimeters form an integral part of these types of equipment; therefore, the revenue of the vendors is expected to be affected negatively.

The key players in the Global Multimeter Market are Agilent Technologies Inc., Anritsu Corp., Danaher Corp., Rohde & Schwarz GmbH & Co. KG and Tektronix Inc. while other prominent vendors include Adlink Technology, Aeroflex, Ametek, Giga-tronics, National Instruments, Rigol Technologies, Teledyne LeCroy, Teradyne and Yokagawa Electric

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

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