New York
A TechSci Research report has predicted the future growth potential of India Digital Multimeter market and provided statistics & information on market size, shares, structure and future market growth.
The India Digital Multimeter market is expected to witness steady growth in the forecast period. Supportive government policies such as the Make in India initiative promoting domestic manufacturing in the country to boost the local economy are expected to create lucrative opportunities for the growth of the digital multimeter market.
High demand from the energy and the automotive sector is fostering the growth of the digital multimeter market. The high demand for self-driving cars and autonomous vehicles is contributing to the market growth.
Digital multimeters are used in the automotive industry for the precise measurement of electrical parameters such as current, voltage, resistance, and capacitance.
Karan Chechi, Research Director, TechSci Research said that, the adoption of advanced technologies such as artificial intelligence, the internet of things, machine learning is expected to boost the adoption of digital infrastructure in prominent industries. He also said that the development of electric vehicle charging infrastructure and the rise in the concerns regarding the adverse effect of the harmful gases emission into the environment is increasing the sales of electric vehicles which in turn is propelling the growth of the market till FY2027.
Source: TechSci Press Release
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