Registering a CAGR of 6.2% over the forecast period, the global Calibration Equipment’s market is anticipated to reach the market value of US$ 227.4 million in the year 2027.
Calibration in measurement technology is the comparison of measurement values delivered by a device under test with those of a calibration standard of known accuracy. Calibration equipment plays a very crucial role identifying, measuring as well as rectifying the deviation in the performance of measurement and testing instruments. Electrical Calibration Equipment is one of the main types of calibration equipment. It has widespread applications across automotive, industrial, and electronic manufacturing sector among others. Growing demand and focus towards accurate information and data related issues are fueling the growth of electrical calibration equipment market globally. The market for electrical calibration equipment is segmented into by application which includes communication, electronic manufacturing sector, aerospace and defense, automotive, healthcare and industrial among others. Rising demand of equipment for sensing and understanding system designs and measuring the accuracy of the data delivered is one of the major drivers for the electrical calibration equipment market globally. Manufacturing hubs are adopting calibration equipment in order to calibrate their measuring equipment to comply with government regulations which is one of the main drivers for the market across different regions globally.
Omega’s largest acquisition to date was in 2015, when it acquired Aviv REIT for $3.0B. Omega has acquired in 5 different US states, and 2 countries. The Company’s most targeted sectors include real estate (67%) and healthcare services (17%). Omega is a real estate investment trust (REIT) providing financing and capital to the long-term healthcare industry with a particular focus on skilled nursing facilities located in the United States.
ABB, in May 2021, incorporated power supply through Ethernet connectivity onboard the latest edition of its mass flow meter - CoriolisMaster and electromagnetic flow meter - ProcessMaster, opening a new chapter in industrial communication and instrumentation.
Market is segmented based on the type, applications, companies and regions.
By Type, Calibration Equipments Market has been segmented into
The end user’s industry application on Calibration Equipments Market is,
The report offers in-depth assessment of the growth and other aspects of the Calibration Equipment’s Market in important regions, including the
North America
Asia-Pacific had the biggest market share, and it is expected to increase at a considerable CAGR over the assessment period in 2020, The expansion of industry in developing countries like China and India is to blame for the region's progress. The established presence of key end-use industries and increased demand for technologically improved calibration equipment are projected to fuel market expansion in the North American region.The production of Calibration equipments mainly distributes in Europe, USA and Japan. Production of Calibration Equipment’s from the three regions contributed about 85% share. Mettler Toledo and Metrohm are the two biggest companies in the market. KEM is the leader in Japan market.At present, this product is mainly used in the fields of food, medicine and petrochemical, of which the petrochemical industry is still the largest downstream and downstream application area. The chemical industry accounted for more than 42% of consumptionAs for demand, survey data showed that Europe, USA and China are the major consumption regions, accounting for 75% of the whole consumption volume in the world.
Report Attributes | Report Details |
Forecast Period 2022 to 2027 CAGR | CAGR of 6.2% over the forecast period (2022-2027) |
By Type |
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By Application |
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By Companies | Fluke Corporation, OMEGA, WIKA, GE Druck, Bronkhorst, Ametek, Martel Electronics, CHINO CORPORATION, Extech, Gagemaker, Mountz Incorporated and others. |
Regions Covered |
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Countries Covered |
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Base Year | 2022 |
Historical Year | 2017 to 2021 |
Forecast Year | 2022 to 2027 |
Number of Pages | 121 |
Customization Available | Yes, the report can be customized as per your needs |
What is the study period of this market?
The Calibration Equipment’s Market is studied from 2017 - 2027.
What is the growth rate of Calibration Equipment’s Market?
The Calibration Equipment’s Market is growing at a CAGR of 6.2% over the next 5 years.
Who are the key players in Calibration Equipment’s Market?
Fluke Corporation, OMEGA, WIKA, GE Druck, Bronkhorst, Ametek, Martel Electronics, CHINO CORPORATION, Extech, Gagemaker, Mountz Incorporated and others.
What regions does this Calibration Equipment’s Market report covers?
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 Glutamines (Gln) Market?
Industrial, Laboratories
What are the major end-use applications of Calibration Equipment’s Market?
Mechanical Calibration Equipments, Electrical Calibration Equipments, Physical/Dimensional Calibration Equipments, Thermodynamic Calibration Equipments
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SECONDARY RESEARCH
Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
PRIMARY RESEARCH
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
MARKET ENGINEERING
The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.
EXPERT VALIDATION
The market engineered data is verified and validated by a number of experts, both in-house and external.
REPORT WRITING/ PRESENTATION
After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.
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