Global Calibration Equipment Market growing at a CAGR of 6.7% from 2023 to 2030
Category : Machinery and Equipment | Published Date : Jun 2023
Key Market Overview
The calibration equipment market is poised for strong expansion and is projected to reach USD 792.24 Million by 2030. The market was valued at USD 479.30 Million in 2022 and is predicted to grow at a compound annual growth rate of 6.7% during the period 2023-2030.
The report highlights the increasing adoption of calibration equipment owing to the increasing demand to validate the accuracy, precision, and reliability of measuring instruments. Consegic Business Intelligence provides an inclusive research report on the calibration equipment market that evaluates multiple factors, such as market size, value, supply chain, regulatory environment, and trends.
Global Calibration Equipment Market By Overview
Consegic Business Intelligence provided an inclusive research report on the calibration equipment market that evaluates multiple factors, such as market size, value, supply chain, regulatory environment, and trends. The temperature calibration is anticipated to witness the fastest CAGR in the calibration equipment market during the forecast period. The growth is credited to the advancements in technology that have led to the development of sophisticated temperature control systems, including precision ovens, environmental chambers, and thermal chambers. The systems require accurate calibration to ensure uniform and stable temperature profiles that raise the demand for temperature calibration equipment, which in turn, promotes market growth.
Get Free SampleMarket Dynamics
Driver:
- Growing demand for safety standards associated with product quality and reliability is driving the growth of the market.
- Rising demand of calibration equipment due into increasing industrial automation is propelling the market growth.
- Increasing demand of calibration equipment from the chemical industry to calibrate and verify the accuracy of process instruments namely pressure transmitters, temperature sensors, and flow meters is accelerating the market growth.
Restraints:
- High manufacturing cost associated with calibration equipment is restraining the market growth
Market Segmentation:
| Report Attributes | Report Details |
| By Type | Pressure Calibration, Temperature Calibration, Mechanical Calibration, Electrical Calibration, Radiological Calibration, Optical Calibration, Thermodynamic Calibration, Pipette Calibration, and Flow Calibration |
| By End User | Metallurgy, Chemical, Power, Petroleum, Aerospace and Defense, Electronics, Automotive, Food and Beverages, and Others |
| By Region | North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa |
Competitive Landscape :
The landscape for Calibration Equipment market is highly competitive with major players including Additel Corporation, Ametek Inc., Bronkhorst High-Tech B.V., and Beamex Inc. that have a strong market position in current market circumstances. The market players compete for a firm market position through mergers and acquisitions, product innovations, and business strategies. Thus, evolving research and developments in the calibration equipment market are expected to help market players adopt innovative ways of product creation to cater to the growing needs of various end-use industries.
- Additel Corporation
- Ametek Inc.
- Bronkhorst High-Tech B.V.
- Beamex Inc.
- Chino Corporation
- Endress+Hauser AG
- ESSCO Calibration Laboratory
- Extech Instruments
- Fluke Corporation
- Trescal Group
- Godrej & Boyce Mfg. Co. Ltd.
- Launch Tech Co. Ltd.
- Meriam Process Technologies