Digital Panel Meter Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis
Digital panel meters represent several parameters such as current, resistance, or voltage in a digital format. It gets the input measurement signal from a sensor, which is then converted into a digital signal and showed on display. It displays a signal's analog or digital value, depending on the product's specifications. Depending on the functionalities, the digital panel meters can also act as controllers, generating a control signal that drives an actuator, safety gate, and relay. APAC is likely to grow at a lucrative growth during the forecast period owing to the positive growth of the manufacturing industry in countries such as China and India.
MARKET DYNAMICS
The growing demand for electrical and industrial sectors is continuously monitoring current, vibration, and pressure to keep the devices run smoothly; thus, it is driving the growth of the digital panel meter market. However, the high initial cost may restrain the growth of the digital panel meter market. Furthermore, the growing manufacturing industry is witnessing significant adoption of digital panel meters; hence, it is anticipated to witness massive demand during the forecast period.
MARKET SCOPE
The "Global Digital Panel Meter Market Analysis to 2031" is a specialized and in-depth study of the digital panel meter market with a special focus on the global market trend analysis. The report aims to provide an overview of digital panel meter market with detailed market segmentation by type, application and geography. The global digital panel meter market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading digital panel meter market players and offers key trends and opportunities in the digital panel meter market.
MARKET SEGMENTATION
The global digital panel meter market is segmented on the basis of type and application. On the basis of type, the market is segmented as totalizers, multi-input indicators and scanners, temperature and process panel meters, and others. On the basis of application, the market is segmented as temperature measurement, voltage measurement, pressure measurement, current measurement, and others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global digital panel meter market based on various segments. It also provides market size and forecast estimates from year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The digital panel meter market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
`The report analyzes factors affecting digital panel meter market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the digital panel meter market in these regions.
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global digital panel meter market based on various segments. It also provides market size and forecast estimates from year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The digital panel meter market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
`The report analyzes factors affecting digital panel meter market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the digital panel meter market in these regions.
MARKET PLAYERS
The reports cover key developments in the digital panel meter market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from digital panel meter market are anticipated to lucrative growth opportunities in the future with the rising demand for digital panel meter market. Below mentioned is the list of few companies engaged in the digital panel meter market.
The report also includes the profiles of key digital panel meter market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
- Laurel Electronics, Inc.
- Meco Instruments Pvt. Ltd.
- Murata Power Solutions
- OMRON Corporation
- PR electronics
- Precision Digital Corporation
- Red Lion
- Siemens AG
- Yokogawa Corporation
- Zhejiang CHINT Instrument and Meter Co., Ltd.
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Digital Panel Meter Market - By Type
1.3.2 Digital Panel Meter Market - By Application
1.3.3 Digital Panel Meter Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. DIGITAL PANEL METER MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. ECOSYSTEM ANALYSIS
4.4. EXPERT OPINIONS
5. DIGITAL PANEL METER MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. DIGITAL PANEL METER MARKET - GLOBAL MARKET ANALYSIS
6.1. DIGITAL PANEL METER - GLOBAL MARKET OVERVIEW
6.2. DIGITAL PANEL METER - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. DIGITAL PANEL METER MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. TOTALIZERS
7.3.1. Overview
7.3.2. Totalizers Market Forecast and Analysis
7.4. MULTI-INPUT INDICATORS AND SCANNERS
7.4.1. Overview
7.4.2. Multi-Input Indicators and Scanners Market Forecast and Analysis
7.5. TEMPERATURE AND PROCESS PANEL METERS
7.5.1. Overview
7.5.2. Temperature and Process Panel Meters Market Forecast and Analysis
7.6. OTHERS
7.6.1. Overview
7.6.2. Others Market Forecast and Analysis
8. DIGITAL PANEL METER MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. TEMPERATURE MEASUREMENT
8.3.1. Overview
8.3.2. Temperature Measurement Market Forecast and Analysis
8.4. VOLTAGE MEASUREMENT
8.4.1. Overview
8.4.2. Voltage Measurement Market Forecast and Analysis
8.5. PRESSURE MEASUREMENT
8.5.1. Overview
8.5.2. Pressure Measurement Market Forecast and Analysis
8.6. CURRENT MEASUREMENT
8.6.1. Overview
8.6.2. Current Measurement Market Forecast and Analysis
8.7. OTHERS
8.7.1. Overview
8.7.2. Others Market Forecast and Analysis
9. DIGITAL PANEL METER MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Digital Panel Meter Market Overview
9.1.2 North America Digital Panel Meter Market Forecasts and Analysis
9.1.3 North America Digital Panel Meter Market Forecasts and Analysis - By Type
9.1.4 North America Digital Panel Meter Market Forecasts and Analysis - By Application
9.1.5 North America Digital Panel Meter Market Forecasts and Analysis - By Countries
9.1.5.1 United States Digital Panel Meter Market
9.1.5.1.1 United States Digital Panel Meter Market by Type
9.1.5.1.2 United States Digital Panel Meter Market by Application
9.1.5.2 Canada Digital Panel Meter Market
9.1.5.2.1 Canada Digital Panel Meter Market by Type
9.1.5.2.2 Canada Digital Panel Meter Market by Application
9.1.5.3 Mexico Digital Panel Meter Market
9.1.5.3.1 Mexico Digital Panel Meter Market by Type
9.1.5.3.2 Mexico Digital Panel Meter Market by Application
9.2. EUROPE
9.2.1 Europe Digital Panel Meter Market Overview
9.2.2 Europe Digital Panel Meter Market Forecasts and Analysis
9.2.3 Europe Digital Panel Meter Market Forecasts and Analysis - By Type
9.2.4 Europe Digital Panel Meter Market Forecasts and Analysis - By Application
9.2.5 Europe Digital Panel Meter Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Digital Panel Meter Market
9.2.5.1.1 Germany Digital Panel Meter Market by Type
9.2.5.1.2 Germany Digital Panel Meter Market by Application
9.2.5.2 France Digital Panel Meter Market
9.2.5.2.1 France Digital Panel Meter Market by Type
9.2.5.2.2 France Digital Panel Meter Market by Application
9.2.5.3 Italy Digital Panel Meter Market
9.2.5.3.1 Italy Digital Panel Meter Market by Type
9.2.5.3.2 Italy Digital Panel Meter Market by Application
9.2.5.4 United Kingdom Digital Panel Meter Market
9.2.5.4.1 United Kingdom Digital Panel Meter Market by Type
9.2.5.4.2 United Kingdom Digital Panel Meter Market by Application
9.2.5.5 Russia Digital Panel Meter Market
9.2.5.5.1 Russia Digital Panel Meter Market by Type
9.2.5.5.2 Russia Digital Panel Meter Market by Application
9.2.5.6 Rest of Europe Digital Panel Meter Market
9.2.5.6.1 Rest of Europe Digital Panel Meter Market by Type
9.2.5.6.2 Rest of Europe Digital Panel Meter Market by Application
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Digital Panel Meter Market Overview
9.3.2 Asia-Pacific Digital Panel Meter Market Forecasts and Analysis
9.3.3 Asia-Pacific Digital Panel Meter Market Forecasts and Analysis - By Type
9.3.4 Asia-Pacific Digital Panel Meter Market Forecasts and Analysis - By Application
9.3.5 Asia-Pacific Digital Panel Meter Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Digital Panel Meter Market
9.3.5.1.1 Australia Digital Panel Meter Market by Type
9.3.5.1.2 Australia Digital Panel Meter Market by Application
9.3.5.2 China Digital Panel Meter Market
9.3.5.2.1 China Digital Panel Meter Market by Type
9.3.5.2.2 China Digital Panel Meter Market by Application
9.3.5.3 India Digital Panel Meter Market
9.3.5.3.1 India Digital Panel Meter Market by Type
9.3.5.3.2 India Digital Panel Meter Market by Application
9.3.5.4 Japan Digital Panel Meter Market
9.3.5.4.1 Japan Digital Panel Meter Market by Type
9.3.5.4.2 Japan Digital Panel Meter Market by Application
9.3.5.5 South Korea Digital Panel Meter Market
9.3.5.5.1 South Korea Digital Panel Meter Market by Type
9.3.5.5.2 South Korea Digital Panel Meter Market by Application
9.3.5.6 Rest of Asia-Pacific Digital Panel Meter Market
9.3.5.6.1 Rest of Asia-Pacific Digital Panel Meter Market by Type
9.3.5.6.2 Rest of Asia-Pacific Digital Panel Meter Market by Application
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Digital Panel Meter Market Overview
9.4.2 Middle East and Africa Digital Panel Meter Market Forecasts and Analysis
9.4.3 Middle East and Africa Digital Panel Meter Market Forecasts and Analysis - By Type
9.4.4 Middle East and Africa Digital Panel Meter Market Forecasts and Analysis - By Application
9.4.5 Middle East and Africa Digital Panel Meter Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Digital Panel Meter Market
9.4.5.1.1 South Africa Digital Panel Meter Market by Type
9.4.5.1.2 South Africa Digital Panel Meter Market by Application
9.4.5.2 Saudi Arabia Digital Panel Meter Market
9.4.5.2.1 Saudi Arabia Digital Panel Meter Market by Type
9.4.5.2.2 Saudi Arabia Digital Panel Meter Market by Application
9.4.5.3 U.A.E Digital Panel Meter Market
9.4.5.3.1 U.A.E Digital Panel Meter Market by Type
9.4.5.3.2 U.A.E Digital Panel Meter Market by Application
9.4.5.4 Rest of Middle East and Africa Digital Panel Meter Market
9.4.5.4.1 Rest of Middle East and Africa Digital Panel Meter Market by Type
9.4.5.4.2 Rest of Middle East and Africa Digital Panel Meter Market by Application
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Digital Panel Meter Market Overview
9.5.2 South and Central America Digital Panel Meter Market Forecasts and Analysis
9.5.3 South and Central America Digital Panel Meter Market Forecasts and Analysis - By Type
9.5.4 South and Central America Digital Panel Meter Market Forecasts and Analysis - By Application
9.5.5 South and Central America Digital Panel Meter Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Digital Panel Meter Market
9.5.5.1.1 Brazil Digital Panel Meter Market by Type
9.5.5.1.2 Brazil Digital Panel Meter Market by Application
9.5.5.2 Argentina Digital Panel Meter Market
9.5.5.2.1 Argentina Digital Panel Meter Market by Type
9.5.5.2.2 Argentina Digital Panel Meter Market by Application
9.5.5.3 Rest of South and Central America Digital Panel Meter Market
9.5.5.3.1 Rest of South and Central America Digital Panel Meter Market by Type
9.5.5.3.2 Rest of South and Central America Digital Panel Meter Market by Application
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. DIGITAL PANEL METER MARKET, KEY COMPANY PROFILES
11.1. LAUREL ELECTRONICS, INC.
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. MECO INSTRUMENTS PVT. LTD.
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. MURATA POWER SOLUTIONS
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. OMRON CORPORATION
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. PR ELECTRONICS
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. PRECISION DIGITAL CORPORATION
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. RED LION
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. SIEMENS AG
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. YOKOGAWA CORPORATION
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. ZHEJIANG CHINT INSTRUMENT AND METER CO., LTD
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
1. Laurel Electronics, Inc.
2. Meco Instruments Pvt. Ltd.
3. Murata Power Solutions
4. OMRON Corporation
5. PR Electronics
6. Precision Digital Corporation
7. Red Lion
8. Siemens AG
9. Yokogawa Corporation
10. Zhejiang CHINT Instrument and Meter Co., Ltd
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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