Publication Month: Jul 2021 | Report Code: TIPRE00006040 | No. of Pages: 180 | Category: Electronics and Semiconductor | Status: Published
The availability of tabletop and portable instrument calibrators in both established and emerging nations has been instrumental in the performance of the instrument calibrator market growth. The widespread use of portable calibrators owing to their user-friendly interface and affordable prices is adding to their demand worldwide. To gain a major market share, manufacturers are developing low-cost instrument calibrators. For instance, the portable CA700 Precision Pressure Calibrator was recently released by Yokogawa Test & Measurement Corporation. High precision, long stability, and robust support for field calibration and maintenance work are the features of this portable calibrator. WIKA Alexander Wiegand SE & Co. KG recently launched electrical calibration instruments which are used in laboratories, production plants, workshops; calibration service companies and quality assurance departments are the major end users of these equipment.
The COVID-19 pandemic had a negative impact on the global instrument calibrator market in the year 2020. Since the outbreak of COVID-19, all manufacturing processes across the world have been temporarily closed to combat the spread of COVID-19 and comply with the social distancing norms laid down by local and federal government bodies. Therefore, the closure of manufacturing units is resulting into logistic issues. However, as the manufacturing processes resumed from the 3rd quarter of 2020, and the demand for instrument calibrator started to recover, manufacturers were able to stabilize the overall revenue and cashflow.
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Government regulatory authorities such as the Food and Drug Administration (FDA) and the Environmental Protection Agency (EPA) require strict adherence to regulates emissions of various manufacturing plants, among other processes. Companies that use mercury in their manufacturing processes need to calibrate sensors that monitor plant emissions to ensure the absence of mercury in the discharge, as it can harm the adjacent environment and ecosystems. The FDA regulates to calibrate regular basis on chemical makeup of drugs. So test and measurement of the equipment are done to verify correct measurements and the operation of manufacturing equipment that controls the errors while manufacturing the chemical makeup of drugs.
BEAMEX provides of calibration solutions for improving the calibration process worldwide. It offers Beamex CMX calibration management software for the process industries; the product assists in planning, managing, analyzing, and documenting the calibration activities and assets with greater efficiency and security. Beamex LOGiCAL is a subscription-based calibration software. Beamex bMobile is a mobile application for executing and documenting instrument calibration, maintenance-related inspection, and weighing instrument calibration processes.
Based on product type, the instrument calibrator market is segmented into temperature calibrator, pressure calibrator, electrical calibrator, and multifunction process calibrator. In 2020, the pressure calibrator segment led the instrument calibrator market, accounting for the largest share in the market.
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Based on modularity, the instrument calibrator market can be segmented into benchtop and portable. In 2020, the portable segment accounted for a larger market share.
Based on industry vertical, the instrument calibrator market can be segmented into automotive, aerospace and defense, electronics, food & beverage, pharmaceutical, oil and gas, and other industries. In 2020, the other industries segment accounted for the largest market share.
|Market Size Value in||US$ 1,277.57 Million in 2021|
|Market Size Value by||US$ 1,854.03 Million by 2028|
|Growth rate||CAGR of 5.5% from 2021-2028|
|No. of Pages||180|
|No. of Tables||96|
|No. of Charts & Figures||88|
|Historical data available||Yes|
|Segments covered||Product Type, Modularity , and Industry Vertical|
|Regional scope||North America, Europe, Asia Pacific, Middle East & Africa, South & Central America|
|Country scope||US, Canada, Mexico, UK, Germany, Spain, Italy, France, India, China, Japan, South Korea, Australia, UAE, Saudi Arabia, South Africa, Brazil, Argentina|
|Report coverage||Revenue forecast, company ranking, competitive landscape, growth factors, and trends|
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The players operating in the instrument calibrator market adopt strategies such as mergers, acquisitions, and market initiatives to maintain their positions in the market. A few developments by key players are listed below:
The List of Companies - Instrument Calibrator Market