Digital Meter Market
A new market study, titled “Digital Meter Market ” has been featured on Market Research Future.
The global digital panel meter market is expected to grow at USD ~3,251 Million by 2023, at ~6% of CAGR between 2017 and 2023.
Top Drivers and Key Restraints
The digital displays have gained immense popularity in various industrial applications for the purpose of displaying output results digitally. The pharmaceuticals, manufacturing, healthcare and various other industries are making extensive use of the digital display meters to measure the required output from data signals like time, current, voltage and others. Digital panel meters enjoy more demand compared to analog ones since they are more convenient, are easy to operate and generate accurate data compared to analog, as the numbers are shown directly on the display.
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Mobile communication device applications are estimated to gain the highest momentum in the worldwide market. Primary products in the mobile communication device market are tablets and smartphones, which can note further growth and demand in the coming years, which is set to work in favor of the digital panel meter market during the conjectured timeframe.
Market Segmentation
The global digital panel meter market has been carefully studied with regard to segments like cover types and applications.
The cover types included in the MRFR report are multi-input indicators and scanners, totalizers, temperature and process panel meters, and others.
The application-wise market segments covered in the report are display voltage, display current, display temperature, and others.
Regional Insight
The regional analysis of the worldwide digital panel meter market has been conducted on the basis of Asia Pacific (APAC), North America, Europe as well as the Rest of the World (RoW).
North America is the strongest region in the global digital panel meter market, in terms of revenue and sales. Digital panel meters are in huge demand in the region, since they find extensive use in the electronics industry to measure electronics. In addition, rapid technological innovations have also taken the market to greater heights in recent years. The United States (U.S.) is the most lucrative market for digital panel meter in North America and can gain further success in the coming years, thanks to the booming electronics industry.
In Europe, considerable market growth can be expected for digital panel meter on account of the massive investments made by the leading companies and the rising number of government initiatives. The market is also benefitting from the surge in technological upgradations and the surging adoption of these meters in the region.
Prominent Companies
Prominent companies in the worldwide digital panel meter market include Precision Digital Corporation (U.S), Red Lion Controls (U.S), The Danaher Corporation (U.S), Phoenix Contact (Germany), PR Electronics (Denmark), Laurel Electronics (U.S), OMRON Corporation (Japan), Murata Power Solutions, Inc., (U.S.), Siemens AG (German), Autonics USA, Inc. (U.S), to name a few.
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Digital Meter MarketThe sudden challenges created by the ongoing COVID-19 are captured effectively to exhibit the long term growth projections in the MRFR report on Digital Meter Market.
The growth sectors of the Digital Meter Market are identified with precision for a better growth perspective.The global digital panel meter market is expected to grow at USD ~3,251 Million by 2023, at ~6% of CAGR between 2017 and 2023.Top Drivers and Key RestraintsThe digital displays have gained immense popularity in various industrial applications for the purpose of displaying output results digitally.
The pharmaceuticals, manufacturing, healthcare and various other industries are making extensive use of the digital display meters to measure the required output from data signals like time, current, voltage and others.
Digital panel meters enjoy more demand compared to analog ones since they are more convenient, are easy to operate and generate accurate data compared to analog, as the numbers are shown directly on the display.The digital panel meter manufacturers are focusing on developing digital display meters as per the requirement of the industry users, for measuring current, time, voltage, and others.
These meters are used for other aspects as well, such as vibrations and pressure, etc.
The manufacturing sector deploys digital display meters owing to their computer-generated numeric displays coupled with the ability to produce easy and quick monitoring readings.Mobile communication device applications are estimated to gain the highest momentum in the worldwide market.
The global Digital Power Meter Market research report, published by Value Market Research, is designed to offer various market framework such as market size, portion, trends, growth path, value and factors that impact the current market dynamics over the forecast period 2020-2027.
Most importantly, this report also provides the latest significant strategies adopted by major players along with their market share.The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide.
The major players in the digital power meter market include Advanced Electronics Company, EKM Metering Inc., Elster Group GmbH, Holley Metering, Ltd., Itron, Inc., Jiangsu Linyang Energy Co. Ltd., JiaxingEastron Electronic Instruments Co. Ltd., Kamstrup A/S, Landis+Gyr AG and Others.
This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.Get more information on "Global Digital Power Meter Market Research Report" by requesting FREE Sample Copy at https://www.valuemarketresearch.com/contact/digital-power-meter-market/download-sampleMarket DynamicsThe market is mainly driven by the rising growth of smart grid projects has significantly across the globe.
Smart grids include applications such as supervisory control and data acquisition systems, digital power meters, and other systems for communication.
With the advantages of digital power meters, such as energy-saving, lightweight nature, the adoption is increasing in commercial, industrial, and utility sectors.
Digital Panel Meter Market report published by Value Market Research, which studies the future outlook of the market.
It includes the size, share, growth, trends, key players, segments and regional analysis in detail during the study year 2020-2027.The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide.
The major players in the digital panel meter market include Murata Power Solutions, OMRON, Siemens, Zhejiang CHINT, Carlo Gavazzi, PR Electronics, Taik Electric, Trumeter, Jewell Instruments,Red Lion Controls, InnoVista Sensors, Danaher, Lascar Electronics, Phoenix Contact, Precision Digital, Yokogawa Meters & Instruments, Autonics, and Laurel Electronics.
This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.Get more information on "Global Digital Panel Meter Market Research Report" by requesting FREE Sample Copy at https://www.valuemarketresearch.com/contact/digital-panel-meter-market/download-sampleMarket DynamicsThe escalating demand for digital panel meters and the high need for advanced overload protection in meters to guard devices against electric loads are the major factor driving the digital panel meter market.
The high adoption of digital panel meters in facilities such as offices, laboratories, and factories, the growing need for DPM for temperature monitoring, current monitoring, water monitoring, and process control applications leads to high market demand in recent years.
The rowing adoption of LCD and LED display screen to display the numeric instead of gauge and needle with analog meters is positively impacting the Digital panel meter market's growth.
