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Test and Measurement Equipment Market Forecast to Reach $33 Billion by 2025


Test and Measurement Equipment Market Forecast to Reach $33 Billion by 2025
Increasing Demand From Power Management and Consumer Electronics Application Driving the Growth of Test and Measurement Equipment Market
BriefingWire.com, 3/04/2021 -
The Test and Measurement Equipment Market is forecast to reach $33 billion by 2025 and is estimated to grow at a CAGR of 4.05% during the forecast period 2019-2025. The ongoing digital transformation in automotive industry is boosting the retrofitting of devices and equipment embedded with a wide range of test and measurement equipment such as electrical tester, digital multi-meters, digital oscilloscope, spectrum analyzer, and environmental testers. Data centres, advanced telecom infrastructure, and automotive are some major end-use applications that require advanced measuring equipment to meet modern testing requirement. ....

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