Digital Panel Meter is an instrument that displays an input signal in digital form. Many digital panel meters also include alarm options as well as the ability to connect and transfer data to a computer. Digital panel meters are usually available with an Ethernet option which allows the digital panel meter reading to be accessed across a local area network (LAN) or even through the internet.
Globally, the Digital Panel Meter industry market is concentrated by Continental and Bridgestone as the manufacturing technology of Digital Panel Meter is relatively much more mature. Also some enterprises are still well-known for the wonderful performance of their Digital Panel Meter and related services. At the same time, some countries such as Germany, Japan and USA are remarkable in the global Digital Panel Meter industry because of their market share and technology status of Digital Panel Meter.
The consumption volume of Digital Panel Meter is related to downstream industries and global economy. As there will always be some uncertain in the global economy in the following years, the growth rate of Digital Panel Meter industry may not keep that fast. But it is surely forecasted that the market of Digital Panel Meter is still promising.
The product average price declined in the past few years due to the market competition, the average price will keep the trend in the few future years due to the price of raw material constantly decrease and most of China manufacturers will enter the industry.
According to this study, over the next five years the Digital Panel Meter market will register a 3.7% CAGR in terms of revenue, the global market size will reach USD 180 million by 2024, from USD 150 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Digital Panel Meter business, shared in Chapter 3.
This report presents a comprehensive overview, market shares, and growth opportunities of Digital Panel Meter market by product type, application, key manufacturers and key regions and countries.
This study considers the Digital Panel Meter value and volume generated from the sales of the following segments-
Segmentation by product type- breakdown data from 2014 to 2019, in Section 2.3; and forecast to 2024 in section 11.7.
Temperature and Process Panel Meters
Totalizers
Multi-Input Indicators and Scanners
Segmentation by application- breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 11.8.
Display Current
Display Voltage
Displays Temperature
Others
This report also splits the market by region- Breakdown data in Chapter 4, 5, 6, 7 and 8.
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Spain
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report- Breakdown data in in Chapter 3.
Murata Power Solutions
Red Lion Controls
OMRON
InnoVista Sensors
Siemens
Danaher
Zhejiang CHINT
Lascar Electronics
Carlo Gavazzi
Phoenix Contact
PR Electronics
Precision Digital
Taik Electric
Yokogawa Meters & Instruments
Trumeter
Autonics
Jewell Instruments
Laurel Electronics
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
Research objectives
To study and analyze the global Digital Panel Meter consumption (value & volume) by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
To understand the structure of Digital Panel Meter market by identifying its various subsegments.
Focuses on the key global Digital Panel Meter manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Digital Panel Meter with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of Digital Panel Meter submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.