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With a projected CAGR of 7.7 percent from 2024–2031, the calibration equipment market is expected to grow from an initial value of $479.40 million in 2023 to more than $792.34 million in 2031.
Tools, instruments, or devices used for measuring, adjusting, and validating the accuracy, precision, and reliability of other measuring instruments are called calibration equipment. The measurements taken by different systems or devices must be consistent, trustworthy, and able to be traced back to industry standards; this is where calibration equipment comes in. Instruments such as software, reference standards, calibration sources, simulators, meters, gauges, and calibration instruments are also part of the calibration equipment. In order to identify inaccuracies or discrepancies, the instruments are used to compare the DUT's measurements with verified or known values.
The increasing demand for precise measurements in a wide range of mission-critical processes and the widespread use of measuring instruments in many end-use industries, such as electronics, automotive, aerospace & defense, and manufacturing, are driving forces behind the market's meteoric rise in recent years. Other important aspects anticipated to boost revenue growth in the global calibration equipment market throughout the projected period include technological advances in the equipment, as well as the increasing number of calibration service providers worldwide that are ISO-certified.
In order to ensure that an instrument is accurate, it must be calibrated by comparing its reading to that of a reference instrument. As a result of this procedure, the accuracy of a measuring device can be fine-tuned to meet the requirements of the international standard for testing and calibration laboratories, ISO/IEC 17025. Reducing measurement mistakes by making sure the instrument is perfectly accurate is the main goal of calibration. Extremely high pressure and temperatures, mechanical shocks, and other undesirable working circumstances can cause most equipment to produce inaccurate results. Consequently, regular calibration of devices is required to guarantee accurate and proper operation.
For products and services to be safe, dependable, and function as expected, industries must adhere to stringent quality standards and regulatory regulations. When it comes to production, testing, and quality control, calibration equipment is crucial for making sure that measuring instruments are accurate and reliable. The accuracy and consistency of measurements and test results are enhanced by calibration equipment, which in turn improves product quality and reliability. In addition, producers can decrease errors, improve product quality, and save waste by calibrating instruments like temperature sensors, pressure gauges, and flow meters.
For example, in March 2024, the FDA mandated that manufacturers regularly calibrate, inspect, and verify their equipment in addition to inspecting and testing each piece of equipment. The implementation of regulatory standards is a key factor propelling the calibration equipment market since it guarantees that measurements taken from different devices are reliable and consistent.
One of the main things holding the calibration equipment business back is how expensive it is to make. Calibration equipment is not widely used by small and medium-sized businesses (SMEs) due to the expensive initial expenditure needed to obtain it. Another factor limiting the market's expansion is the use of specialized, costly materials like platinum to manufacture the reference standards used in calibration equipment, such as voltage references, resistance standards, and pressure references. Additionally, there are additional upfront expenditures associated with calibration equipment because to the complex sensors, detectors, and Digital Signal Processing (DSP) units that are used. So, the worldwide calibration equipment market isn't growing as much as it could be because of things like high production costs and the incorporation of sophisticated sensors and detectors.
Report Coverage
Global Calibration Equipment research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Calibration Equipment report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Calibration Equipment competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Calibration Equipment market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Calibration Equipment market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Calibration Equipment market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Additel Corporation, Ametek Inc., Bronkhorst High-Tech B.V., Chino Corporation, Endress+Hauser AG, ESSCO Calibration Laboratory, Extech Instruments, Fluke Corporation, Godrej & Boyce Mfg. Co. Ltd., Launch Tech Co. Ltd., Meriam Process Technologies
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2031. INFINITIVE DATA EXPERT has segmented the global Calibration Equipment market based on the below-mentioned segments:
Global Calibration Equipment Market, By Instrument Type
Pressure Calibration
Temperature Calibration
Flow Calibration
Pipette Calibration
Electrical Calibration
Mechanical Calibration
Global Calibration Equipment Market, By End User
Industrial
Electronics
Automotive
Aerospace & Defense
Food & Beverage
Manufacturing
Others
Laboratories
Scientific Laboratories
Clinical Laboratories
Others
Global Calibration Equipment market, Regional Analysis
Tools, instruments, or devices used for measuring, adjusting, and validating the accuracy, precision, and reliability of other measuring instruments are called calibration equipment. The measurements taken by different systems or devices must be consistent, trustworthy, and able to be traced back to industry standards; this is where calibration equipment comes in. Instruments such as software, reference standards, calibration sources, simulators, meters, gauges, and calibration instruments are also part of the calibration equipment. In order to identify inaccuracies or discrepancies, the instruments are used to compare the DUT's measurements with verified or known values.
The increasing demand for precise measurements in a wide range of mission-critical processes and the widespread use of measuring instruments in many end-use industries, such as electronics, automotive, aerospace & defense, and manufacturing, are driving forces behind the market's meteoric rise in recent years. Other important aspects anticipated to boost revenue growth in the global calibration equipment market throughout the projected period include technological advances in the equipment, as well as the increasing number of calibration service providers worldwide that are ISO-certified.
In order to ensure that an instrument is accurate, it must be calibrated by comparing its reading to that of a reference instrument. As a result of this procedure, the accuracy of a measuring device can be fine-tuned to meet the requirements of the international standard for testing and calibration laboratories, ISO/IEC 17025. Reducing measurement mistakes by making sure the instrument is perfectly accurate is the main goal of calibration. Extremely high pressure and temperatures, mechanical shocks, and other undesirable working circumstances can cause most equipment to produce inaccurate results. Consequently, regular calibration of devices is required to guarantee accurate and proper operation.
For products and services to be safe, dependable, and function as expected, industries must adhere to stringent quality standards and regulatory regulations. When it comes to production, testing, and quality control, calibration equipment is crucial for making sure that measuring instruments are accurate and reliable. The accuracy and consistency of measurements and test results are enhanced by calibration equipment, which in turn improves product quality and reliability. In addition, producers can decrease errors, improve product quality, and save waste by calibrating instruments like temperature sensors, pressure gauges, and flow meters.
For example, in March 2024, the FDA mandated that manufacturers regularly calibrate, inspect, and verify their equipment in addition to inspecting and testing each piece of equipment. The implementation of regulatory standards is a key factor propelling the calibration equipment market since it guarantees that measurements taken from different devices are reliable and consistent.
One of the main things holding the calibration equipment business back is how expensive it is to make. Calibration equipment is not widely used by small and medium-sized businesses (SMEs) due to the expensive initial expenditure needed to obtain it. Another factor limiting the market's expansion is the use of specialized, costly materials like platinum to manufacture the reference standards used in calibration equipment, such as voltage references, resistance standards, and pressure references. Additionally, there are additional upfront expenditures associated with calibration equipment because to the complex sensors, detectors, and Digital Signal Processing (DSP) units that are used. So, the worldwide calibration equipment market isn't growing as much as it could be because of things like high production costs and the incorporation of sophisticated sensors and detectors.
Report Coverage
Global Calibration Equipment research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Calibration Equipment report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Calibration Equipment competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Calibration Equipment market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2031 |
| Base Year | 2023 |
| Forecast Period | 2023-2031 |
| Historical Period | 2017-2021 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | Additel Corporation, Ametek Inc., Bronkhorst High-Tech B.V., Chino Corporation, Endress+Hauser AG, ESSCO Calibration Laboratory, Extech Instruments, Fluke Corporation, Godrej & Boyce Mfg. Co. Ltd., Launch Tech Co. Ltd., Meriam Process Technologies |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Calibration Equipment Market from 2021 to 2031.
- Market Forecast for Calibration Equipment Market from 2021 to 2031.
- Regional Market Share and Revenue from 2021 to 2031.
- Country Market share within region from 2021 to 2031.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Calibration Equipment competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Calibration Equipment
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Calibration Equipment market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Calibration Equipment market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Additel Corporation, Ametek Inc., Bronkhorst High-Tech B.V., Chino Corporation, Endress+Hauser AG, ESSCO Calibration Laboratory, Extech Instruments, Fluke Corporation, Godrej & Boyce Mfg. Co. Ltd., Launch Tech Co. Ltd., Meriam Process Technologies
Primary Target Market
- Market Players of Calibration Equipment
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2031. INFINITIVE DATA EXPERT has segmented the global Calibration Equipment market based on the below-mentioned segments:
Global Calibration Equipment Market, By Instrument Type
Pressure Calibration
Temperature Calibration
Flow Calibration
Pipette Calibration
Electrical Calibration
Mechanical Calibration
Global Calibration Equipment Market, By End User
Industrial
Electronics
Automotive
Aerospace & Defense
Food & Beverage
Manufacturing
Others
Laboratories
Scientific Laboratories
Clinical Laboratories
Others
Global Calibration Equipment market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
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