Instrument Calibrator Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Product Type (Temperature Calibrator, Pressure Calibrator, Electrical Calibrator, and Multifunction Process Calibrator), Modularity (Benchtop and Portable), and Industry Vertical (Automotive, Aerospace and Defense, Electronics, Food and Beverage, Pharmaceutical, Oil and Gas, and Other Industries)
Publication Month: Jul 2021 | Report Code: TIPRE00006040 | No. of Pages: 180 | Category: Electronics and Semiconductor | Status: Published
The instrument calibrator market is expected to grow from US$ 1,277.57 million in 2021 to US$ 1,854.03 million by 2028; it is estimated to grow at a CAGR of 5.5% during 2021–2028.
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.
Impact of COVID-19 Pandemic on North America Instrument Calibrator Market
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.
Lucrative Regions for Instrument Calibrator Providers
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Instrument Calibrator Market Insights
Favourable Government Regulations and Technological Developments Fuels Growth of Instrument Calibrator Market
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.
Product Type - Based Market Insights
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.
Instrument Calibrator Market, by Product Type, 2020 and 2028 (%)
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Modularity - Based Market Insights
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.
Industry Vertical - Based Market Insights
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.
Strategic Insights
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:
- In January 2020, AMETEK STC is pleased to present the new JOFRA CTC-652 temperature calibrator. The CTC-652 is the tallest of JOFRA’s CTC Series calibrators and is the only industrial-grade temperature calibrator with a 200 mm insert.
- In March 2019, The 8588A Reference Multimeter is the world’s most stable digitizing multimeter. Designed for calibration standards laboratories, this reliable digital multimeter holds the industry’s best one-year dc voltage accuracy and pushes the speed.
The Global Instrument Calibrator Market has been Segmented as Mentioned Below:
By Product Type
- Temperature Calibrator
- Pressure Calibrator
- Electrical Calibrator
- Multifunction Process Calibrator
By Modularity
- Benchtop
- Portable
By Industry Vertical
- Automotive
- Aerospace and Defense
- Electronics
- Food and Beverage
- Pharmaceutical
- Oil and Gas
- Other Industries
By Geography
North America
- US
- Canada
- Mexico
Europe
- France
- Germany
- Italy
- UK
- Russia
- Belgium
- Netherlands
- Rest of Europe
Asia Pacific (APAC)
- China
- India
- South Korea
- Japan
- Australia
- Rest of APAC
Middle East & Africa (MEA)
- South Africa
- Saudi Arabia
- UAE
- Rest of MEA
South America (SAM)
- Brazil
- Argentina
- Rest of SAM
Company Profiles
- AMETEK Inc.
- Baker Hughes Company
- Extech Instruments
- Fluke Corporation
- Yokogawa Electric Corporation
- WIKA Alexander Wiegand SE & Co. KG
- Additel
- Beamex Oy Ab
- Calmet
- Spectris
Frequently Asked Questions
The List of Companies - Instrument Calibrator Market
- AMETEK Inc.
- Baker Hughes Company
- Extech Instruments
- Fluke Corporation
- Yokogawa Electric Corporation
- WIKA Alexander Wiegand SE & Co. KG
- Additel
- Beamex Oy Ab
- Calmet
- Spectris
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global instrument calibrator market.
- Highlights key business priorities in order to assist companies to realign their business strategies.
- The key findings and recommendations highlight crucial progressive industry trends in the global instrument calibrator market, thereby allowing players across the value chain to develop effective long-term strategies.
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
- Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution.
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