Digital Panel Meter Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028 Segmented By Type (Totalizers, Multi-Input Indicators and Scanners, Temperature and Process Panel Meters, Others), By Display Technology (LED, LCD, Sunlight Readable, Dual Line, Single Line, Bar Graph, Others (Large Display, Etc.)), By Display Type (Numeric, Alphanumeric, Combination), By End Use
Published Date: November - 2024 | Publisher: MIR | No of Pages: 320 | Industry: ICT | Format: Report available in PDF / Excel Format
View Details Buy Now 2890 Download Sample Ask for Discount Request CustomizationDigital Panel Meter Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028 Segmented By Type (Totalizers, Multi-Input Indicators and Scanners, Temperature and Process Panel Meters, Others), By Display Technology (LED, LCD, Sunlight Readable, Dual Line, Single Line, Bar Graph, Others (Large Display, Etc.)), By Display Type (Numeric, Alphanumeric, Combination), By End Use
Adoption of LCD and LED Screens
The displays used in LCDs or LEDs are the primary aspects responsible for the ever-increasing demand for display panel meters in the consumer electronics market. They show only the needed units instead of the needle and device used in the analog meters.
This remarkable accuracy of the constant calculation done by the digital panel meters is a significant driving factor in the demand for digital display meters during the forecast period.
Digital panel meters are preferred over traditional ones since the numbers are displayed on the screen. The number of digits, size, and color of the displayed number are some of the characteristics responsible for its rapid growth.. Thus, digital panel meters are simpler and more convenient than their analog version, and the data shown is more accurate. Owing to this, its market is expected to grow with a high CAGR in the forecast period.
Latest Trend of using Digital Glucometers & water pumps
A digital panel meter is commonly used in electronic applications such as microwave ovens and instrument panels containing panel meters that measure time, weight, and power. Medical centers use digital meters such as glucometers, digital thermometers, and oximeters, indicating various parameters. Due to the increase in the number of latest developments and adoption of digitalization, its global market is expected to expand.
For instance, the United Nations conference on trade developments FDI investments in Asia-Pacific developing countries reached USD 619 Billion in 2021
High Cost of Digital Panels
Price of the digital panel meters is higher than that of analog panel meter besides increased cost of implementation acts as a potential barrier for adoption of digital panel meters in end use industries.
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Market Segmentation
Market Player
Recent Developments
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| Attribute | Details |
| Base Year | 2021 |
| Historic Data | 2018– 2021 |
| Estimated Year | 2022 |
| Forecast Period | 2022 – 2028 |
| Quantitative Units | Revenue in USD Million, Volume in Units, and CAGR for 2017-2021 and 2022-2027 |
| Report coverage | Revenue forecast, company share, growth factors, and trends |
| Segments covered | · Type · Display Technology · Display Type · End-User · Application |
| Regional scope | North America; Asia-Pacific; Europe; South America; Middle East |
| Country scope | United States; Canada; Mexico; China; Indian; Japan; South Korea; Australia; Singapore; Malaysia; Germany; United Kingdom; France; Italy; Spain; Poland; Colombia; Brazil; Argentina; Peru; Chile; Africa, Saudi Arabia; South Africa; UAE; Iraq; Turkey |
| Key companies profiled | Siemens AG, Murata Power Solutions, Inc, Red Lion Controls, OMRON Corporation, The Danaher Corporation, Phoenix Contact, PR Electronics, Precision Digital Corporation, PR Electronics, OMEGA Engineering inc. |
| Customization scope | 10% free report customization with purchase. Addition or alteration to country, regional & segment scope. |
| Pricing and purchase options | Avail customized purchase options to meet your exact research needs. Explore purchase options |
| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
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