The global export of electrical multimeters is dominated by China, Hungary, and the United States in terms of value, with China leading at over $167 million. Hungary has seen the most significant positive growth among top exporters with a 5.05% annual increase, while exports from Germany have slightly declined. Notable growth is observed in emerging players like the Philippines and Armenia, with 30.15% and 43.13% increases respectively. However, some countries like Ukraine and Malaysia have experienced significant declines.
Future trends to watch:
- Asia, led by China, may continue to dominate the market, supported by strong manufacturing capabilities and technological advancements.
- Emerging economies such as India and the Philippines might capture more market share due to their rapid industrial growth and increasing production capacities.
- Market dynamics may shift with advancements in digital technologies and increased demand for sophisticated testing equipment.
Top countries in Export of Electrical Multimeters by Country
| # | 10 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 167,760,000 | 2023 | +2.87% | +3.51% | View data |
| 2 | 2 Hungary | 148,870,000 | 2023 | +5.7% | +5.05% | View data |
| 3 | 3 United States | 89,051,000 | 2023 | +1.19% | +0.37% | View data |
| 4 | 4 Germany | 87,278,000 | 2023 | +0.031% | -0.64% | View data |
| 5 | 5 Austria | 29,569,000 | 2023 | +5.81% | +4.89% | View data |
| 6 | 6 Italy | 28,142,000 | 2023 | +5.28% | +5.13% | View data |
| 7 | 7 Czech Republic | 27,310,000 | 2023 | +3.21% | -0.41% | View data |
| 8 | 8 South Korea | 25,862,000 | 2023 | +2.82% | +2.02% | View data |
| 9 | 9 France | 24,322,000 | 2023 | +0.4% | +1.8% | View data |
| 10 | 10 United Kingdom | 23,152,000 | 2023 | -0.089% | -0.45% | View data |
