Market Overview
Market Research Future (MRFR) anticipates the digital panel meter market 2020 to touch USD 3,251 Million by 2023. MRFR also evaluates the market advancement rate to be 6% between 2017 and 2023 (evaluation period). We will provide COVID-19 impact analysis with the report, along with all the key developments since the coronavirus disease outbreak.
Market Boosters and Key Deterrents
The digital panel meter market decelerated growth has been the result of the COVID-19 outbreak, with several other markets in the semiconductor industry heavily impacted. The lockdown imposed to bring down the spread of SARS-CoV-2 worldwide has slowed down the manufacturing of digital panel meters, while the consumer demand has also dropped significantly post the pandemic. Various government bodies across countries have stopped the manufacturing of consumer electronics, closed down retail stores and have put a stop to the online sale of electronics. Consumer demand has been hit drastically since people are spending only on essential items like medicines and groceries, which can be another demoting factor for the digital panel meter market.
Get Free Sample Report@ https://www.marketresearchfuture.com/sample_request/4622
Speaking of favorable aspects, the market also benefits from the accelerated demand for consumer electronics, and the ability to give electric overload protection to devices. The market could also be presented with numerous opportunities as the consumption of digital panel meters is increasing in industries like healthcare, pharmaceuticals and manufacturing.
Renowned Industry Players
Some of the renowned industry players are Siemens AG (German), Precision Digital Corporation (U.S), OMRON Corporation (Japan), The Danaher Corporation (U.S), Phoenix Contact (Germany), Murata Power Solutions, Inc., (U.S.), Laurel Electronics (U.S), Red Lion Controls (U.S), PR Electronics (Denmark), Autonics USA, Inc. (U.S), to name a few.
Market Segmentation
The digital panel meter industry has been dissected with respect to types and application.
The types of digital panel meter are temperature and process panel meters, multi-input indicators and scanners as well as totalizers, and more.
The applications considered in the market study include displays temperature, display voltage, display current, and others.
Regional Insight
MRFR has reviewed the digital panel meter market size with respect to the key regions of Europe, North America, APAC/Asia Pacific and RoW/rest of the world.
North America has remained one of the strongest market contenders and holds the potential to retain its prowess throughout the conjectured period. The digital panel meter market in the region observes high demand as applications in the electronics industry are growing for electronic measurements.
Get More Information: https://www.marketresearchfuture.com/reports/digital-panel-meter-market-4622
Intended Audience
- Multi-chip module vendors
- Electronic product manufacturers
- Standard making bodies
- End Verticals
- OEMs
- Distributors and Value-added Resellers (VARs)
- Research Organizations
- Semiconductor manufacturers
- System Integrators
About Us:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
Contact Us
Market Research Future
Office No. 528, Amanora Chambers
Magarpatta Road, Hadapsar,
Pune - 411028
Maharashtra, India
+1 646 845 9312
Email: [email protected]
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.
Digital Panel Meter Market SizeThe sudden challenges created by the ongoing COVID-19 are captured effectively to exhibit the long term growth projections in the MRFR report on Digital Panel Meter Market Size.
The growth sectors of the Digital Panel Meter Market Size are identified with precision for a better growth perspective.Digital Panel Meters are used in electrical and electronic devices for monitoring vital statistics.
These instruments receive information from an input signal, measure and display it and can monitor the variations taking place in an instrument’s pressure, current, frequency voltage, and temperature, which is crucial to keep the devices running smoothly.
These meters can also accurately calculate the electrical consumption.Digital Panel Meters are majorly used to measure the temperature, for instance, the temperature details mentioned in the information panel of an air conditioner; this information is displayed with a panel meter.
Digital panel meters owing to their accuracy and ease of reading, are increasingly replacing analog panel meters.
Resultantly, the uptake of digital panel meters is growing rapidly, escalating its market size on the global platform.Acknowledging the traction the market is garnering currently, demonstrating the growth prospects worldwide, Market Research Future (MRFR) in its recently published study report, asserts that the global digital panel meter market is estimated to expand to approximately 3,251 Mn.
Digital Panel Meter Market ShareThe 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.
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.
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.Commenting on the report, an analyst from Market Research Future (MRFR)’s team said:The digital panel meter are gaining momentum in the market as the companies are manufacturing dual display digital panel meter which has high growing demand high-precision, multifunction and automatic measurement applications.
The digital panel meter has come up with output display which shows the measured value, ability to read positive and negative value, provide high accuracy and others.By Region, MRFR analysis shows that the comprehensive understanding of market dynamics, the global digital panel meter market is analyzed across key geographies namely North America, Europe, China, Japan, India and among others.
Digital Panel Meter Market 2021-2023New Study Reports " Digital Panel Meter Market 2021 Global Market Opportunities, Challenges, Strategies and Forecasts 2023" has been Added on MarketResearchFuture.Introduction/Report Summary:This report provides in depth study of Digital Panel Meter Market using SWOT analysis i.e.
The Digital Panel Meter Market report also provides an in-depth survey of key players in the market which is based on the various objectives of an organization such as profiling, the product outline, the quantity of production, required raw material, and the financial health of the organization.Drivers and Constraints The fundamental dynamics that are explored in the report hold substantial influence over the Digital Panel Meter market.
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.
Due to the changing market trends & emerging opportunities, digital panel meter market are estimated to grow with huge demand in the market.Taste the market data and market information presented through more than 30 market data tables and figures spread over 100 numbers of pages of the project report.
Avail the in-depth table of content TOC & market synopsis on “The Global Digital Panel Meter Market Research Report -Forecast to 2023”.Complete Report Details@ https://www.marketresearchfuture.com/reports/digital-panel-meter-market-4622Key PlayersThe report has profiled some of the Important players prevalent in the global like – 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 more.This report covers the sales volume, price, revenue, gross margin, manufacturers, suppliers, distributors, intermediaries, customers, historical growth and future perspectives in the Digital Panel Meter.Global Digital Panel Meter Market SegmentationThe global digital panel meter market are bifurcated on the basis of cover types, applications and region.
The applications are segmented display current, display voltage, displays temperature and others.
