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Digital Panel Meter Market Growth Prospects, Solutions, Developments Status and Business Opportunities
Market Research Future (MRFR) predicts the global Digital Panel Meter Market to reach USD 3,251 million at a CAGR of 6% from 2017 to 2023 (forecast period).
Digital panel meters are digital displays that are used to represent numerous parameters in a digital format, such as resistance, current, or voltage. The display gets an input measurement signal from a sensor, which is then translated into a digital signal and displayed. The digital panel meter gets the input signal in many forms, such as AC voltage, DC voltage, AC current, DC current, AC power, DC power, temperature, or resistance. These meters are commonly seen in electrical equipment, particularly in consumer electronics. When choosing a digital panel meter, certain criteria must be taken into account. Some of these criteria are the number of digits, size, and color of the displayed number. Digital meters are favored over analog meters because the numbers are displayed directly on display. Furthermore, digital panel meters are simpler and more convenient to use than analog versions, and the data displayed is more accurate. Market participants are concentrating on providing customized products for measuring and displaying pressure, vibrations, voltage, time, and current.
Get Sample of Report @ https://www.marketresearchfuture.com/sample_request/4622
The novel coronavirus has posed a challenge to the semiconductor value chain, which has prompted the companies to strengthen their supply chain models across the globe. Since the massive revenue loss since the first case of COVID-19, the market has suffered massive revenue loss in the first half of 2020. But, it is expected that the digital panel meter industry can bounce back significantly, with more and more players concentrating on making their manufacturing and delivery strategy stronger. For example, Intel Corporation, the global leader in the chipmaker industry, has strategized a way to maintain more than 90% delivery of products and that too on time, to deal with the COVID-19 impact on the manufacturing processes.
Speaking of favorable aspects, the market also benefits from the accelerated demand for consumer electronics, and the ability to give electric overload protection to devices. The market could also be presented with numerous opportunities as the consumption of digital panel meters is increasing in industries like healthcare, pharmaceuticals and manufacturing. Apart from this, a number of renowned firms are increasingly launching and adding new and enhanced features in their models that appeal to a larger mass in the market.
For instance, in June 2020, Audemars Piguet added various features to its sporty model, the Royal Oak Offshore Selfwinding Chronograph. The dials of the watch now feature numerous chronograph totalizers (a type of digital panel meter) along with numerals in Arabic instead of the traditional indexes.
Market Segmentation
The Digital Panel Meter Market Share has been dissected with respect to types and application.
The types of digital panel meter are temperature and process panel meters, multi-input indicators and scanners as well as totalizers, and more.
The applications considered in the market study include displays temperature, display voltage, display current, and others.
Regional Insight
MRFR has reviewed the digital panel meter market size with respect to the key regions of Europe, North America, APAC/Asia Pacific and RoW/rest of the world.
North America has remained one of the strongest market contenders and holds the potential to retain its prowess throughout the conjectured period. The digital panel meter market in the region observes high demand as applications in the electronics industry are growing for electronic measurements.
India, Japan and China are some of the top performing markets in APAC, with the highest demand and sale of digital panel meters. Therefore, the APAC market could expect to advance at the highest rate in the forthcoming period. With more and more vendors setting up manufacturing facilities in the region for digital panel meters to cater to the growing needs of the customers, the market is bound to witness favorable prospects in the near future. The rising use of LED and LCD display screens in digital panel meter coupled with the soaring adoption rate in facilities such as laboratories, factories and offices also work in the market’s favor in the region.
Renowned Industry Players
Some of the renowned industry players are Siemens AG (German), Precision Digital Corporation (U.S), OMRON Corporation (Japan), The Danaher Corporation (U.S), Phoenix Contact (Germany), Murata Power Solutions, Inc., (U.S.), Laurel Electronics (U.S), Red Lion Controls (U.S), PR Electronics (Denmark), Autonics USA, Inc. (U.S), to name a few.
Get complete Report @ https://www.marketresearchfuture.com/reports/digital-panel-meter-ma...
Latest Developments
June 2020
Schneider Electric, a well-known entity in the digital automation and energy management market, launched its latest EasyLogic PM2000 series panel meter. This digital panel meter is the latest offering of the company as part of its EasyLogic metering product portfolio and has been designed for applications like energy cost management in commercial infrastructure.
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
Media Contact:
Market Research Future (Part of Wantstats Research and Media Private Limited)
99 Hudson Street, 5Th Floor
New York, NY 10013
United States of America
+1 628 258 0071 (US)
+44 2035 002 764 (UK)
Email: [email protected]
Website: https://www.marketresearchfuture.com
Digital panel meters are digital displays that are used to represent numerous parameters in a digital format, such as resistance, current, or voltage. The display gets an input measurement signal from a sensor, which is then translated into a digital signal and displayed. The digital panel meter gets the input signal in many forms, such as AC voltage, DC voltage, AC current, DC current, AC power, DC power, temperature, or resistance. These meters are commonly seen in electrical equipment, particularly in consumer electronics. When choosing a digital panel meter, certain criteria must be taken into account. Some of these criteria are the number of digits, size, and color of the displayed number. Digital meters are favored over analog meters because the numbers are displayed directly on display. Furthermore, digital panel meters are simpler and more convenient to use than analog versions, and the data displayed is more accurate. Market participants are concentrating on providing customized products for measuring and displaying pressure, vibrations, voltage, time, and current.
Get Sample of Report @ https://www.marketresearchfuture.com/sample_request/4622
The novel coronavirus has posed a challenge to the semiconductor value chain, which has prompted the companies to strengthen their supply chain models across the globe. Since the massive revenue loss since the first case of COVID-19, the market has suffered massive revenue loss in the first half of 2020. But, it is expected that the digital panel meter industry can bounce back significantly, with more and more players concentrating on making their manufacturing and delivery strategy stronger. For example, Intel Corporation, the global leader in the chipmaker industry, has strategized a way to maintain more than 90% delivery of products and that too on time, to deal with the COVID-19 impact on the manufacturing processes.
Speaking of favorable aspects, the market also benefits from the accelerated demand for consumer electronics, and the ability to give electric overload protection to devices. The market could also be presented with numerous opportunities as the consumption of digital panel meters is increasing in industries like healthcare, pharmaceuticals and manufacturing. Apart from this, a number of renowned firms are increasingly launching and adding new and enhanced features in their models that appeal to a larger mass in the market.
For instance, in June 2020, Audemars Piguet added various features to its sporty model, the Royal Oak Offshore Selfwinding Chronograph. The dials of the watch now feature numerous chronograph totalizers (a type of digital panel meter) along with numerals in Arabic instead of the traditional indexes.
Market Segmentation
The Digital Panel Meter Market Share has been dissected with respect to types and application.
The types of digital panel meter are temperature and process panel meters, multi-input indicators and scanners as well as totalizers, and more.
The applications considered in the market study include displays temperature, display voltage, display current, and others.
Regional Insight
MRFR has reviewed the digital panel meter market size with respect to the key regions of Europe, North America, APAC/Asia Pacific and RoW/rest of the world.
North America has remained one of the strongest market contenders and holds the potential to retain its prowess throughout the conjectured period. The digital panel meter market in the region observes high demand as applications in the electronics industry are growing for electronic measurements.
India, Japan and China are some of the top performing markets in APAC, with the highest demand and sale of digital panel meters. Therefore, the APAC market could expect to advance at the highest rate in the forthcoming period. With more and more vendors setting up manufacturing facilities in the region for digital panel meters to cater to the growing needs of the customers, the market is bound to witness favorable prospects in the near future. The rising use of LED and LCD display screens in digital panel meter coupled with the soaring adoption rate in facilities such as laboratories, factories and offices also work in the market’s favor in the region.
Renowned Industry Players
Some of the renowned industry players are Siemens AG (German), Precision Digital Corporation (U.S), OMRON Corporation (Japan), The Danaher Corporation (U.S), Phoenix Contact (Germany), Murata Power Solutions, Inc., (U.S.), Laurel Electronics (U.S), Red Lion Controls (U.S), PR Electronics (Denmark), Autonics USA, Inc. (U.S), to name a few.
Get complete Report @ https://www.marketresearchfuture.com/reports/digital-panel-meter-ma...
Latest Developments
June 2020
Schneider Electric, a well-known entity in the digital automation and energy management market, launched its latest EasyLogic PM2000 series panel meter. This digital panel meter is the latest offering of the company as part of its EasyLogic metering product portfolio and has been designed for applications like energy cost management in commercial infrastructure.
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
Media Contact:
Market Research Future (Part of Wantstats Research and Media Private Limited)
99 Hudson Street, 5Th Floor
New York, NY 10013
United States of America
+1 628 258 0071 (US)
+44 2035 002 764 (UK)
Email: [email protected]
Website: https://www.marketresearchfuture.com
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