Calibration Equipment Market - Global Growth, Trends and Forecast (2022 - 2027) By Types, By Application, By Regions, and By Key Players: General Electric (NYSE: GE), Siemens AG (ETR: SIE), Keysight Technologies Inc. (NYSE: KEYS)

Registering a CAGR of 6.4% over the forecast period, the market value of Calibration equipment is expected to reach US$ 590.5 million in the year 2027.

Calibration Equipment Market Overview

Calibration is the process of testing an instrument's accuracy by comparing its reading to that of a standard instrument. This procedure aids in the adjustment of an instrument's precision in accordance with the standard instrument calibrated in accordance with the ISO/IEC 17025, which is the international standard for testing and calibration laboratories. The primary goal of calibration is to reduce measurement errors by ensuring the instrument's absolute accuracy.

The rising need for precision and accuracy in measurements during various critical operations and procedures, as well as the widespread use of measuring instruments across various end-use industries such as electronics, automotive, aerospace & defense, and manufacturing, are driving rapid market revenue growth. Other key factors expected to boost global calibration equipment market revenue growth over the forecast period include technological advancements in calibration equipment and an increase in the number of ISO-certified calibration service providers globally.

The benefits, importance, and need for end-product accuracy and precision associated with the use of calibration equipment is a key factor expected to drive global market growth over the forecast period. Calibration of equipment reduces repair and maintenance costs while increasing profitability. Furthermore, reducing device errors and product recalls results in positive outcomes, which helps to maintain customer loyalty and drive sales.

The report aspects discussed the profile of the top manufacturers of the global Calibration Equipment market. These aspects include the financial status of major companies, trending advancements, and the entire market scenario. Growth of the report has examined Calibration Equipment’s Market production, demand and growth potential, geographic analysis, as well as current market developments in various regions and countries.

Who are the Major Players in the Calibration Equipment Market?

The global Calibration Equipment’s includes the identification and analysis of the various market participants competing in the global market. Prominent competitors include General Electric (NYSE: GE), Siemens AG (ETR: SIE), Keysight Technologies Inc. (NYSE: KEYS), Ametek Inc., Endress+Hauser AG, ESSCO Calibration Laboratory, Fluke Corporation, ABB Ltd., Tektronix Inc., Micro Precision Calibration Inc., Optical Test and Calibration Limited, SIMCO Electronics, Rohde & Schwarz GmbH & Co. KG, Technical Maintenance Inc., Tradinco Instrumenten-Apparaten B.V., Trescal Inc., Transcat Inc., Martel Electronics, Omega SA, Bronkhorst High-Tech B.V., Mountz Incorporated, Chino Corporation, Gagemaker, Extech Instruments and others.

Industry News and Updates:

ABB introduces the first Power over Ethernet flowmeters in the world.

2021-05-04—ABB has added Ethernet connectivity to the latest editions of their electromagnetic flowmeter ProcessMaster* and mass flowmeter CoriolisMaster, ushering in a new era in instrumentation and industrial communication.

Process engineers benefit from Power over Ethernet (PoE) because it eliminates the need for a separate DC power infrastructure by providing power and communications over the same cable.

What are the major Applications, Types, and Regions for the Calibration Equipment’s Market?

The market is segmented based on the type, applications, companies, and regions.

By Type, it is segmented into

• Pressure Calibration


• Temperature Calibration


• Flow Calibration


• Pipette Calibration


• Electrical Calibration


• Mechanical Calibration

By Application, it is segmented into

• Industrial


• Electronics


• Automotive


• Aerospace & Defense


• Food & Beverage


• Manufacturing


• Laboratories


• Scientific Laboratories


• Clinical Laboratories


• Others

In 2020, the electrical calibration equipment segment generated the most revenue. This segment's revenue growth is being driven by the increasing use of calibration instruments in the electronics, automotive, manufacturing, and telecommunications sectors, as well as the need to adhere to stringent standards and compliances in markets where margin for error is limited.

Calibration Equipment’s Market Regional Analysis

Over the forecast period, calibration equipment in Europe is expected to account for the largest revenue share. Rising emphasis on regular repair and maintenance of measuring instruments, as well as increasing demand for technologically advanced calibration equipment, are some of the major factors driving market growth in this region. Another factor driving growth in the Europe market is rapid digitization across major industries in the region's countries. The Asia Pacific market experienced the fastest revenue growth rate in 2020, and this trend is expected to continue throughout the forecast period.

• North America
  
  
  
  
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• Europe
  
  
  
  • Germany
  
  
  • France
  
  
  • UK
  
  
  • Italy
  
  
  • Spain
  
  
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• Asia-Pacific
  
  
  
  • China
  
  
  • Japan
  
  
  • India
  
  
  • Australia
  
  
  • South Korea
  
  
  • Rest of Asia-Pacific
  
  
  
  


• Rest of the World
  
  
  
  • Middle East & Africa
  
  
  • Latin America
  
  
  
  

The Calibration Equipment’s Market describes the factors driving the global growth opportunities in upcoming years and highlights market channels. In addition, the report analyzes market size and share, trends, by geographic region, end-use type, and segment. It focuses extensively on revealing a detailed regional analysis. The Global Calibration Equipment’s Market report also conducted a PESTEL analysis of the industry to study the main influencing factors and entry barriers of the industry.

What is our Calibration Equipment’s Market report scope?

Scope of the Report covers Calibration Equipment’s Market with a detailed analysis of the overall scenario for the market. It also highlights the business participants’ environment in the global marketplace. This report also provides an overview of leading companies covering the latest successful marketing strategies, market contributions, current and historical background, and latest market happenings to help key organizations to grow and generate larger profits. Business players will greatly benefit from this Calibration Equipment’s Market analysis report as it has vital details to provide about regional markets and expected opportunities for the prediction time period 2022-2027. Growth between segments is used to understand the different growth factors that are expected to dominate the market as a whole and to develop strategies to differentiate between key applications and target markets. It further reveals how the worldwide market is working through efficient information graphics.

Report Attributes	Report Details
Report Title	Calibration Equipment’s Market - Global Growth, Trends and Forecast (2022 - 2027) By Types, By Application, By Regions, and By Key Players: General Electric (NYSE: GE), Siemens AG (ETR: SIE), Keysight Technologies Inc. (NYSE: KEYS)
Forecast Period 2022 to 2027 CAGR	CAGR of 6.4% over the forecast period (2022-2027)
By Type	Pressure Calibration Temperature Calibration Flow Calibration Pipette Calibration Electrical Calibration Mechanical Calibration
By Application	Industrial Electronics Automotive Aerospace & Defense Food & Beverage Manufacturing Laboratories Scientific Laboratories Clinical Laboratories Others
By Companies	General Electric, Siemens AG, Keysight Technologies Inc., Ametek Inc., Endress+Hauser AG, ESSCO Calibration Laboratory, Fluke Corporation, ABB Ltd., Tektronix Inc., Micro Precision Calibration Inc., Optical Test and Calibration Limited, SIMCO Electronics, Rohde & Schwarz GmbH & Co. KG, Technical Maintenance Inc., Tradinco Instrumenten-Apparaten B.V., Trescal Inc., Transcat Inc., Martel Electronics, Omega SA, Bronkhorst High-Tech B.V., Mountz Incorporated, Chino Corporation, Gagemaker, Extech Instruments
Regions Covered	North America Europe Asia-Pacific Rest of the World
Countries Covered	US Canada Germany France UK Italy Spain Rest of Europe China Japan India Australia South Korea Rest of Asia-Pacific Middle East & Africa Latin America
Base Year	2022
Historical Year	2017 to 2021
Forecast Year	2022 to 2027
Number of Pages	120
Customization Available	Yes, the report can be customized as per your needs

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Key Takeaways from this Calibration Equipment’s Report

• Evaluate Calibration Equipment’s market potential through analyzing growth rates (CAGR %), Volume (Units), and Value ($M) data given at the country level - for product types, end-use applications, and different industries verticals.


• Understand the different dynamics influencing the market - growth driving factors, specific challenges, and hidden opportunities.


• Get in-depth insights on your competitor’s performance – revenue, shares, business strategies, financial benchmarking, product benchmarking, SWOT analysis, and more.


• Analyze the sales and distribution channels across geographies to enhance top-line revenues.


• Understand the demanding supply chain with a deep dive on the value augmentation at each, in order to optimize value and bring efficiencies to your processes.


• Get a quick outlook on the Calibration Equipment’s market entropy – M&As, deals, partnerships, and product launches of all key players for the past 5 years.


• Evaluate the import-export statistics, supply-demand, and competitive landscape for more than the top 20 countries globally for the market.

Frequently Asked Questions

What is the study period of this market?

The Calibration Equipment’s Market is studied from 2017 - 2027.

What is the growth rate of the Calibration Equipment’s Market?

The Calibration Equipment’s Market is growing at a CAGR of 6.4% over the next 5 years.

Who are the key players in Calibration Equipment’s Market?

General Electric, Siemens AG, Keysight Technologies Inc., Ametek Inc., Endress+Hauser AG, ESSCO Calibration Laboratory, Fluke Corporation, ABB Ltd., Tektronix Inc., Micro Precision Calibration Inc., Optical Test and Calibration Limited, SIMCO Electronics, Rohde & Schwarz GmbH & Co. KG, Technical Maintenance Inc., Tradinco Instrumenten-Apparaten B.V., Trescal Inc., Transcat Inc., Martel Electronics, Omega SA, Bronkhorst High-Tech B.V., Mountz Incorporated, Chino Corporation, Gagemaker, Extech Instruments

What regions does this Calibration Equipment’s Market report cover?

North America (the United States, Canada, and Mexico)

Europe (Germany, France, UK, Russia, and Italy)

Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)

South America (Brazil, Argentina, Colombia, etc.)

The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)

What are the significant types of Calibration Equipment’s Market?

Pressure Calibration, Temperature Calibration, Flow Calibration, Pipette Calibration, Electrical Calibration, Mechanical Calibration

What are the major end-use applications of Calibration Equipment’s Market?

Industrial, Electronics, Automotive, Aerospace & Defense, Food & Beverage, Manufacturing, Laboratories, Scientific Laboratories, Clinical Laboratories, Others

 

All our reports are custom made to your company’s needs to a certain extent, we do provide 5 free consulting hours along with the purchase of each report, and this will allow you to request any additional data to customize the report to your needs.