Global Voltage Calibrator Market growing at a CAGR of 5.30% from 2023 to 2031
Category : Semiconductor And Electronics | Published Date : Sep 2023
Key Market Overview
The Global Voltage Calibrator Market was valued at USD 213.79 Million in 2022 and is expected to grow by USD 220.90 Million in 2023 to register a compound annual growth rate of 5.30% to reach USD 333.89 Million in 2031.
The report highlights the growing demand for voltage calibrator from various industries for varied end use applications. Consegic Business Intelligence provides an inclusive research report on the voltage calibrator market that evaluates multiple factors, such as market size, value, supply chain, regulatory environment, and trends.
Global Voltage Calibrator Market By Overview
The report analyses significant segments such as product type, end use, and region to identify emerging trends and potential opportunities. The end use segment is expected to grow due to the increasing use of voltage calibrators in calibration of sensors, electrical control units, power supplies, test equipment, and others. Moreover, the benchtop segment is projected to drive the market growth for voltage calibrator due to higher efficiency and productivity presented by the devices.
Get Free SampleMarket Dynamics
Driver:
- Growing adoption for accurate and reliable electronic measurement devices is driving the market growth
- Rising demand for technologically advanced instruments for manufacturing industry is driving the market growth
Restraints:
- High cost of voltage calibrator tends to restrain the market growth
Market Segmentation:
| Report Attributes | Report Details |
| By Product Type | Benchtop and Portable |
| By End Use | Automotive, Aerospace and Defense, Healthcare, Semiconductor, IT and Telecommunications, and Others |
| By Region | North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa |
Competitive Landscape :
The global voltage calibrator market is highly competitive due to the presence of major players such as Fluke Corporation, Yokogawa Test & Measurement Corporation, Keysight Technologies, and others operating in the global market. The market players are adopting new ways through product innovations, mergers and acquisitions, and business strategies to remain hold strong market position. Thus, evolving research and developments in voltage calibrator market are expected to help market players adopt innovative ways of product creation to cater to the growing needs of various industries.
- Fluke Corporation
- Yokogawa Test & Measurement Corporation
- Keysight Technologies
- Ametek
- Omega Engineering, Inc.
- PCE Deutschland GmbH
- Good Will Instrument Co., Ltd.
- Teledyne FLIR LLC
- Time Electronics Ltd.
- NH Research LLC (NHR)