measurement equipment
New report finds growth in smart grid technologies expected to give rise to adoption of smart meters globally.

The test and measurement equipment market will record a 4.05% increase between 2019 and 2025, according to a new study conducted by IndustryARC.

The market is expected to generate approximately $33 billion in revenue by 2025.

Market drivers include:

  1. The changing landscape of communication infrastructure and digital transformation in Industries
  2. The growing adoption of electric and hybrid vehicles and emerging demand for autonomous vehicles
  3. Rising popularity of IoT based technology
  4. Increasing demand from power management and consumer electronics application
  5. Increased investments and funding of research and development initiatives

For more information about the report, click here...