Handheld Digital Multimeter Market Projected to Hit USD 808.8 Billion by 2031, Fueled by Industrial Automation and Growing EV Adoption
The global handheld digital multimeter market was valued at about USD 508.5 billion in 2020 and is expected to grow to more than USD 808.8 billion by 2031. This growth reflects a CAGR of 4.5% during the forecast period. Key factors driving this growth include the increasing use of electronic devices, more automation in industries, and the rising popularity of electric vehicles (EVs), all of which require reliable electrical testing tools.
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