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PUBLISHER: Polaris Market Research | PRODUCT CODE: 1287676
PUBLISHER: Polaris Market Research | PRODUCT CODE: 1287676
Digital Panel Meter Market Share, Size, Trends, Industry Analysis Report, By Type (Temperature & Process Panel Meters, Totalizers, and Multi-Input Indicators and Scanners); By Application; By Region; Segment Forecast, 2023 - 2032
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The global digital panel meter market size is expected to reach USD 5578.85 million by 2032, according to a new study by Polaris Market Research. The report "Digital Panel Meter Market Share, Size, Trends, Industry Analysis Report, By Type (Temperature & Process Panel Meters, Totalizers, and Multi-Input Indicators and Scanners); By Application; By Region; Segment Forecast, 2023 - 2032" gives a detailed insight into current market dynamics and provides analysis on future market growth.
Increasing technological developments and major players' focus on the creation are predicted to accelerate the growth of the market. Different screen sizes and hues, including red, green, golden, blue, yellow, orange, and aqua, make digital panel meters readily recognizable in low light. In June 2019, a single-, & 3-phase digitally powered APM power-meter with features including a color changing facility, Modbus connection, and small size has been introduced by Trumeter. The APM Power Meter is a new tool that OEMs can use to increase usability, safety, and productivity without raising costs. It is intended for precise monitoring of the operation of electrical circuits.
Furthermore, digital panel meters can contain several features, including USB ports for the apparatus or device and alarms, adjustment displays, set point options, and extra channels. For instance, in February 2022, ABB India introduced a new line of power monitoring and electrical measuring meters for electrical & control panels. The newly released meters are a component of ABB's M1M product series, which also includes the M1M11, M1MDS, M1M20B, & M1M30B models. These new digital meters of the ABB have various benefits such as alarms, displays, and USD ports among others. Additionally, the use of multi-channel indicators and scanners is growing. It is widely installed for sensing, indicating the many parameters of the system. It might have built-in alarms that sound if the output signals fluctuate outside of a predetermined range. Over the market forecast period, it is projected that this product launch will increase demand for digital panel meters.
Additionally, digital panel meters are increasingly being used, which improves viewing quality, increases accuracy, and enhance functionality-all of which contribute to the market's expansion. Demand for the product will also increase due to rising demand from the consumer electronics sector and built-in overload protection in meters that safeguard machinery from changing loads. The market for digital panel meters may also be hampered by the need to tune circuits and modify responses.
Digital Panel Meter Market Report Highlights
- Temperature & process meters segment registered a highest CAGR during the forecast period due to rise in the demand for process control & temperature measurement across numerous industries.
- The display current segment accounted for major global revenue share due to its extensive use in the industrial equipment and power sectors.
- Europe is expected to grow at a highest CAGR during the projected period. The need for the digital panel meter market is rising because there are many consumer electronics firms, there is a large market for electronic devices, and there is a large market for electronic products with built-in overload protection.
- The global players include Autonics USA, Galco Industrial Electronics, Lascar Electronics, Murata Power Solutions, Omron Corporation, Phoenix Contact, Siemens, Trumeter, Yokogawa Meters, & Zhejiang CHINT Instrument.
Polaris Market Research has segmented the Digital Panel Meter market report based on type, application, and region:
Digital Panel Meter, Type Outlook (Revenue - USD Million, 2019 - 2032)
- Temperature & Process Panel Meters
- Totalizers
- Multi-Input Indicators and Scanners
Digital Panel Meter, Application Outlook (Revenue - USD Million, 2019 - 2032)
- Display Current
- Display Voltage
- Displays Temperature
- Others
Digital Panel Meter, Regional Outlook (Revenue - USD Million, 2019 - 2032)
- North America
- U.S.
- Canada
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Netherlands
- Asia Pacific
- China
- India
- Japan
- South Korea
- Indonesia
- Malaysia
- Latin America
- Argentina
- Brazil
- Mexico
- Middle East & Africa
- UAE
- Saudi Arabia
- Israel
- South Africa
Product Code: PM3163
Table of Contents
1. Introduction
- 1.1. Report Description
- 1.1.1. Objectives of the Study
- 1.1.2. Market Scope
- 1.1.3. Assumptions
- 1.2. Stakeholders
2. Executive Summary
- 2.1. Market Highlights
3. Research Methodology
- 3.1. Overview
- 3.1.1. Data Mining
- 3.2. Data Sources
- 3.2.1. Primary Sources
- 3.2.2. Secondary Sources
4. Global Digital Panel Meter Market Insights
- 4.1. Digital Panel Meter Market - Industry Snapshot
- 4.2. Digital Panel Meter Market Dynamics
- 4.2.1. Drivers and Opportunities
- 4.2.1.1. Fising adoption of digital panels in various verticals such as consumer electronics
- 4.2.1.2.
- 4.2.2. Restraints and Challenges
- 4.2.2.1. High cost production
- 4.2.1. Drivers and Opportunities
- 4.3. Porter's Five Forces Analysis
- 4.3.1. Bargaining Power of Suppliers (Moderate)
- 4.3.2. Threats of New Entrants: (Low)
- 4.3.3. Bargaining Power of Buyers (Moderate)
- 4.3.4. Threat of Substitute (Moderate)
- 4.3.5. Rivalry among existing firms (High)
- 4.4. PESTLE Analysis
- 4.5. Digital Panel Meter Industry trends
- 4.6. Value Chain Analysis
- 4.7. COVID-19 Impact Analysis
5. Global Digital Panel Meter Market, by Type
- 5.1. Key Findings
- 5.2. Introduction
- 5.2.1. Global Digital Panel Meter, by Type, 2019-2032 (USD Million)
- 5.3. Temperature & Process Panel Meters
- 5.3.1. Global Digital Panel Meter Market, by Temperature & Process Panel Meters, by Region, 2019-2032 (USD Million)
- 5.4. Totalizers
- 5.4.1. Global Digital Panel Meter Market, by Totalizers, by Region, 2019-2032 (USD Million)
- 5.5. Multi-Input Indicators and Scanners
- 5.5.1. Global Digital Panel Meter Market, by Multi-Input Indicators and Scanners, by Region, 2019-2032 (USD Million)
6. Global Digital Panel Meter Market, by Application
- 6.1. Key Findings
- 6.2. Introduction
- 6.2.1. Global Digital Panel Meter Market, by Application, 2019-2032 (USD Million)
- 6.3. Display Current
- 6.3.1. Global Digital Panel Meter Market, by Display Current, by Region, 2019-2032 (USD Million)
- 6.4. Display Voltage
- 6.4.1. Global Digital Panel Meter Market, by Display Voltage, by Region, 2019-2032 (USD Million)
- 6.5. Displays Temperature
- 6.5.1. Global Digital Panel Meter Market, by Displays Temperature, by Region, 2019-2032 (USD Million)
- 6.6. Others
- 6.6.1. Global Digital Panel Meter Market, by Others, by Region, 2019-2032 (USD Million)
7. Global Digital Panel Meter Market, by Geography
- 7.1. Key findings
- 7.2. Introduction
- 7.2.1. Digital Panel Meter Market Assessment, By Geography, 2019-2032 (USD Million)
- 7.3. Digital Panel Meter Market - North America
- 7.3.1. North America: Digital Panel Meter Market, by Application, 2019-2032 (USD Million)
- 7.3.2. North America: Digital Panel Meter Market, by Type, 2019-2032 (USD Million)
- 7.3.3. Digital Panel Meter Market - U.S.
- 7.3.3.1. U.S.: Digital Panel Meter Market, by Application, 2019-2032 (USD Million)
- 7.3.3.2. U.S.: Digital Panel Meter Market, by Type, 2019-2032 (USD Million)
- 7.3.4. Digital Panel Meter Market - Canada
- 7.3.4.1. Canada: Digital Panel Meter Market, by Application, 2019-2032 (USD Million)
- 7.3.4.2. Canada: Digital Panel Meter Market, by Type, 2019-2032 (USD Million)
- 7.4. Digital Panel Meter Market - Europe
- 7.4.1. Europe: Digital Panel Meter Market, by Application, 2019-2032 (USD Million)
- 7.4.2. Europe: Digital Panel Meter Market, by Type, 2019-2032 (USD Million)
- 7.4.3. Digital Panel Meter Market - UK
- 7.4.3.1. UK: Digital Panel Meter Market, by Application, 2019-2032 (USD Million)
- 7.4.3.2. UK: Digital Panel Meter Market, by Type, 2019-2032 (USD Million)
- 7.4.4. Digital Panel Meter Market - France
- 7.4.4.1. France: Digital Panel Meter Market, by Application, 2019-2032 (USD Million)
- 7.4.4.2. France: Digital Panel Meter Market, by Type, 2019-2032 (USD Million)
- 7.4.5. Digital Panel Meter Market - Germany
- 7.4.5.1. Germany: Digital Panel Meter Market, by Application, 2019-2032 (USD Million)
- 7.4.5.2. Germany: Digital Panel Meter Market, by Type, 2019-2032 (USD Million)
- 7.4.6. Digital Panel Meter Market - Italy
- 7.4.6.1. Italy: Digital Panel Meter Market, by Application, 2019-2032 (USD Million)
- 7.4.6.2. Italy: Digital Panel Meter Market, by Type, 2019-2032 (USD Million)
- 7.4.7. Digital Panel Meter Market - Spain
- 7.4.7.1. Spain: Digital Panel Meter Market, by Application, 2019-2032 (USD Million)
- 7.4.7.2. Spain: Digital Panel Meter Market, by Type, 2019-2032 (USD Million)
- 7.4.8. Digital Panel Meter Market - Netherlands
- 7.4.8.1. Netherlands: Digital Panel Meter Market, by Application, 2019-2032 (USD Million)
- 7.4.8.2. Netherlands: Digital Panel Meter Market, by Type, 2019-2032 (USD Million)
- 7.4.9. Digital Panel Meter Market - Russia
- 7.4.9.1. Russia: Digital Panel Meter Market, by Application, 2019-2032 (USD Million)
- 7.4.9.2. Russia: Digital Panel Meter Market, by Type, 2019-2032 (USD Million)
- 7.5. Digital Panel Meter Market - Asia Pacific
- 7.5.1. Asia Pacific: Digital Panel Meter Market, by Application, 2019-2032 (USD Million)
- 7.5.2. Asia Pacific: Digital Panel Meter Market, by Type, 2019-2032 (USD Million)
- 7.5.3. Digital Panel Meter Market - China
- 7.5.3.1. China: Digital Panel Meter Market, by Application, 2019-2032 (USD Million)
- 7.5.3.2. China: Digital Panel Meter Market, by Type, 2019-2032 (USD Million)
- 7.5.4. Digital Panel Meter Market - India
- 7.5.4.1. India: Digital Panel Meter Market, by Application, 2019-2032 (USD Million)
- 7.5.4.2. India: Digital Panel Meter Market, by Type, 2019-2032 (USD Million)
- 7.5.5. Digital Panel Meter Market - Malaysia
- 7.5.5.1. Malaysia: Digital Panel Meter Market, by Application, 2019-2032 (USD Million)
- 7.5.5.2. Malaysia: Digital Panel Meter Market, by Type, 2019-2032 (USD Million)
- 7.5.6. Digital Panel Meter Market - Japan
- 7.5.6.1. Japan: Digital Panel Meter Market, by Application, 2019-2032 (USD Million)
- 7.5.6.2. Japan: Digital Panel Meter Market, by Type, 2019-2032 (USD Million)
- 7.5.7. Digital Panel Meter Market - Indonesia
- 7.5.7.1. Indonesia: Digital Panel Meter Market, by Application, 2019-2032 (USD Million)
- 7.5.7.2. Indonesia: Digital Panel Meter Market, by Type, 2019-2032 (USD Million)
- 7.5.8. Digital Panel Meter Market - South Korea
- 7.5.8.1. South Korea: Digital Panel Meter Market, by Application, 2019-2032 (USD Million)
- 7.5.8.2. South Korea: Digital Panel Meter Market, by Type, 2019-2032 (USD Million)
- 7.6. Digital Panel Meter Market - Middle East & Africa
- 7.6.1. Middle East & Africa: Digital Panel Meter Market, by Application, 2019-2032 (USD Million)
- 7.6.2. Middle East & Africa: Digital Panel Meter Market, by Type, 2019-2032 (USD Million)
- 7.6.3. Digital Panel Meter Market - Saudi Arabia
- 7.6.3.1. Saudi Arabia: Digital Panel Meter Market, by Application, 2019-2032 (USD Million)
- 7.6.3.2. Saudi Arabia: Digital Panel Meter Market, by Type, 2019-2032 (USD Million)
- 7.6.4. Digital Panel Meter Market - UAE
- 7.6.4.1. UAE: Digital Panel Meter Market, by Application, 2019-2032 (USD Million)
- 7.6.4.2. UAE: Digital Panel Meter Market, by Type, 2019-2032 (USD Million)
- 7.6.5. Digital Panel Meter Market - Israel
- 7.6.5.1. Israel: Digital Panel Meter Market, by Application, 2019-2032 (USD Million)
- 7.6.5.2. Israel: Digital Panel Meter Market, by Type, 2019-2032 (USD Million)
- 7.6.6. Digital Panel Meter Market - South Africa
- 7.6.6.1. South Africa: Digital Panel Meter Market, by Application, 2019-2032 (USD Million)
- 7.6.6.2. South Africa: Digital Panel Meter Market, by Type, 2019-2032 (USD Million)
- 7.7. Digital Panel Meter Market - Latin America
- 7.7.1. Latin America: Digital Panel Meter Market, by Application, 2019-2032 (USD Million)
- 7.7.2. Latin America: Digital Panel Meter Market, by Type, 2019-2032 (USD Million)
- 7.7.3. Digital Panel Meter Market - Mexico
- 7.7.3.1. Mexico: Digital Panel Meter Market, by Application, 2019-2032 (USD Million)
- 7.7.3.2. Mexico: Digital Panel Meter Market, by Type, 2019-2032 (USD Million)
- 7.7.4. Digital Panel Meter Market - Brazil
- 7.7.4.1. Brazil: Digital Panel Meter Market, by Application, 2019-2032 (USD Million)
- 7.7.4.2. Brazil: Digital Panel Meter Market, by Type, 2019-2032 (USD Million)
- 7.7.5. Digital Panel Meter Market - Argentina
- 7.7.5.1. Argentina: Digital Panel Meter Market, by Application, 2019-2032 (USD Million)
- 7.7.5.2. Argentina: Digital Panel Meter Market, by Type, 2019-2032 (USD Million)
8. Competitive Landscape
- 8.1. Expansion and Acquisition Analysis
- 8.1.1. Expansion
- 8.1.2. Acquisitions
- 8.2. Partnerships/Collaborations/Agreements/Exhibitions
9. Company Profiles
- 9.1. Autonics USA
- 9.1.1. Company Overview
- 9.1.2. Financial PerTypeance
- 9.1.3. Type Benchmarking
- 9.1.4. Recent Development
- 9.2. Crouzet
- 9.2.1. Company Overview
- 9.2.2. Financial PerTypeance
- 9.2.3. Type Benchmarking
- 9.2.4. Recent Development
- 9.3. Carlo Gavazzi
- 9.3.1. Company Overview
- 9.3.2. Financial PerTypeance
- 9.3.3. Type Benchmarking
- 9.3.4. Recent Development
- 9.4. Galco Industrial Electronics
- 9.4.1. Company Overview
- 9.4.2. Financial PerTypeance
- 9.4.3. Type Benchmarking
- 9.4.4. Recent Development
- 9.5. Lascar Electronics
- 9.5.1. Company Overview
- 9.5.2. Financial PerTypeance
- 9.5.3. Type Benchmarking
- 9.5.4. Recent Development
- 9.6. Meco Instruments
- 9.6.1. Company Overview
- 9.6.2. Financial PerTypeance
- 9.6.3. Type Benchmarking
- 9.6.4. Recent Development
- 9.7. Murata Power Solutions
- 9.7.1. Company Overview
- 9.7.2. Financial PerTypeance
- 9.7.3. Type Benchmarking
- 9.7.4. Recent Development
- 9.8. OMEGA Engineering
- 9.8.1. Company Overview
- 9.8.2. Financial PerTypeance
- 9.8.3. Type Benchmarking
- 9.8.4. Recent Development
- 9.9. Omron Corporation
- 9.9.1. Company Overview
- 9.9.2. Financial PerTypeance
- 9.9.3. Type Benchmarking
- 9.9.4. Recent Development
- 9.10. Phoenix Contact
- 9.10.1. Company Overview
- 9.10.2. Financial PerTypeance
- 9.10.3. Type Benchmarking
- 9.10.4. Recent Development
- 9.11. Precision Digital Corp
- 9.11.1. Company Overview
- 9.11.2. Financial PerTypeance
- 9.11.3. Type Benchmarking
- 9.11.4. Recent Development
- 9.12. PR Electronics
- 9.12.1. Company Overview
- 9.12.2. Financial PerTypeance
- 9.12.3. Type Benchmarking
- 9.12.4. Recent Development
- 9.13. Red Lion Controls
- 9.13.1. Company Overview
- 9.13.2. Financial PerTypeance
- 9.13.3. Type Benchmarking
- 9.13.4. Recent Development
- 9.14. Siemens AG
- 9.14.1. Company Overview
- 9.14.2. Financial PerTypeance
- 9.14.3. Type Benchmarking
- 9.14.4. Recent Development
- 9.15. Trumeter
- 9.15.1. Company Overview
- 9.15.2. Financial PerTypeance
- 9.15.3. Type Benchmarking
- 9.15.4. Recent Development
- 9.16. Yokogawa Meters
- 9.16.1. Company Overview
- 9.16.2. Financial PerTypeance
- 9.16.3. Type Benchmarking
- 9.16.4. Recent Development
- 9.17. Zhejiang CHINT Instrument Co. Ltd
- 9.17.1. Company Overview
- 9.17.2. Financial PerTypeance
- 9.17.3. Type Benchmarking
- 9.17.4. Recent Development
Product Code: PM3163
List of Tables
- Table 1 Global Digital Panel Meter Market, by Application, 2019-2032 (USD Million)
- Table 2 Global Digital Panel Meter Market, by Type, 2019-2032 (USD Million)
- Table 3 Digital Panel Meter Market Assessment, By Geography, 2019-2032 (USD Million)
- Table 4 North America: Digital Panel Meter Market, by Application, 2019-2032 (USD Million)
- Table 5 North America: Digital Panel Meter Market, by Type, 2019-2032 (USD Million)
- Table 6 U.S.: Digital Panel Meter Market, by Application, 2019-2032 (USD Million)
- Table 7 U.S.: Digital Panel Meter Market, by Type, 2019-2032 (USD Million)
- Table 8 Canada: Digital Panel Meter Market, by Application, 2019-2032 (USD Million)
- Table 9 Canada: Digital Panel Meter Market, by Type, 2019-2032 (USD Million)
- Table 10 Europe: Digital Panel Meter Market, by Application, 2019-2032 (USD Million)
- Table 11 Europe: Digital Panel Meter Market, by Type, 2019-2032 (USD Million)
- Table 12 UK: Digital Panel Meter Market, by Application, 2019-2032 (USD Million)
- Table 13 UK: Digital Panel Meter Market, by Type, 2019-2032 (USD Million)
- Table 14 France: Digital Panel Meter Market, by Application, 2019-2032 (USD Million)
- Table 15 France: Digital Panel Meter Market, by Type, 2019-2032 (USD Million)
- Table 16 Germany: Digital Panel Meter Market, by Application, 2019-2032 (USD Million)
- Table 17 Germany: Digital Panel Meter Market, by Type, 2019-2032 (USD Million)
- Table 18 Italy: Digital Panel Meter Market, by Application, 2019-2032 (USD Million)
- Table 19 Italy: Digital Panel Meter Market, by Type, 2019-2032 (USD Million)
- Table 20 Spain: Digital Panel Meter Market, by Application, 2019-2032 (USD Million)
- Table 21 Spain: Digital Panel Meter Market, by Type, 2019-2032 (USD Million)
- Table 22 Netherlands: Digital Panel Meter Market, by Application, 2019-2032 (USD Million)
- Table 23 Netherlands: Digital Panel Meter Market, by Type, 2019-2032 (USD Million)
- Table 24 Russia: Digital Panel Meter Market, by Application, 2019-2032 (USD Million)
- Table 25 Russia: Digital Panel Meter Market, by Type, 2019-2032 (USD Million)
- Table 26 Asia Pacific: Digital Panel Meter Market, by Application, 2019-2032 (USD Million)
- Table 27 Asia Pacific: Digital Panel Meter Market, by Type, 2019-2032 (USD Million)
- Table 28 China: Digital Panel Meter Market, by Application, 2019-2032 (USD Million)
- Table 29 China: Digital Panel Meter Market, by Type, 2019-2032 (USD Million)
- Table 30 India: Digital Panel Meter Market, by Application, 2019-2032 (USD Million)
- Table 31 India: Digital Panel Meter Market, by Type, 2019-2032 (USD Million)
- Table 32 Malaysia: Digital Panel Meter Market, by Application, 2019-2032 (USD Million)
- Table 33 Malaysia: Digital Panel Meter Market, by Type, 2019-2032 (USD Million)
- Table 34 Japan: Digital Panel Meter Market, by Application, 2019-2032 (USD Million)
- Table 35 Japan: Digital Panel Meter Market, by Type, 2019-2032 (USD Million)
- Table 36 Indonesia: Digital Panel Meter Market, by Application, 2019-2032 (USD Million)
- Table 37 Indonesia: Digital Panel Meter Market, by Type, 2019-2032 (USD Million)
- Table 38 South Korea: Digital Panel Meter Market, by Application, 2019-2032 (USD Million)
- Table 39 South Korea: Digital Panel Meter Market, by Type, 2019-2032 (USD Million)
- Table 40 Middle East & Africa: Digital Panel Meter Market, by Application, 2019-2032 (USD Million)
- Table 41 Middle East & Africa: Digital Panel Meter Market, by Type, 2019-2032 (USD Million)
- Table 42 Saudi Arabia: Digital Panel Meter Market, by Application, 2019-2032 (USD Million)
- Table 43 Saudi Arabia: Digital Panel Meter Market, by Type, 2019-2032 (USD Million)
- Table 44 UAE: Digital Panel Meter Market, by Application, 2019-2032 (USD Million)
- Table 45 UAE: Digital Panel Meter Market, by Type, 2019-2032 (USD Million)
- Table 46 Israel: Digital Panel Meter Market, by Application, 2019-2032 (USD Million)
- Table 47 Israel: Digital Panel Meter Market, by Type, 2019-2032 (USD Million)
- Table 48 South Africa: Digital Panel Meter Market, by Application, 2019-2032 (USD Million)
- Table 49 South Africa: Digital Panel Meter Market, by Type, 2019-2032 (USD Million)
- Table 50 Latin America: Digital Panel Meter Market, by Application, 2019-2032 (USD Million)
- Table 51 Latin America: Digital Panel Meter Market, by Type, 2019-2032 (USD Million)
- Table 52 Mexico: Digital Panel Meter Market, by Application, 2019-2032 (USD Million)
- Table 53 Mexico: Digital Panel Meter Market, by Type, 2019-2032 (USD Million)
- Table 54 Brazil: Digital Panel Meter Market, by Application, 2019-2032 (USD Million)
- Table 55 Brazil: Digital Panel Meter Market, by Type, 2019-2032 (USD Million)
- Table 56 Argentina: Digital Panel Meter Market, by Application, 2019-2032 (USD Million)
- Table 57 Argentina: Digital Panel Meter Market, by Type, 2019-2032 (USD Million)
List of Figures
- Figure 1 Global Digital Panel Meter Market, 2019-2032 (USD Million)
- Figure 2 Integrated Ecosystem
- Figure 3 Research Methodology: Top-Down & Bottom-Up Approach
- Figure 4 Market by Geography
- Figure 5 Porter's Five Forces
- Figure 6 Market by Application
- Figure 7 Global Digital Panel Meter Market, by Application, 2022 & 2032 (USD Million)
- Figure 8 Market by Type
- Figure 9 Global Digital Panel Meter Market, by Type, 2022 & 2032 (USD Million)
- Figure 10 Digital Panel Meter Market Assessment, By Geography, 2019-2032 (USD Million)
- Figure 11 Strategic Analysis - Digital Panel Meter Market
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