Global Calibration Equipment Market: Overview

The global calibration equipment market size was significantly robust in 2020 and is expected to register a rapidly inclining revenue CAGR over the forecast period. Rapid market revenue growth can be majorly attributed to rising need for precision and accuracy in measurements during various critical operations and procedures and extensive usage of measuring instruments across various end-use industries including electronics, automotive, aerospace & defense, and manufacturing. Technological advancements in calibration equipment and surging number of ISO-certified calibration service providers globally are other key factors expected to bolster global calibration equipment market revenue growth over the forecast period.  

Calibration refers to the process of testing the accuracy of an instrument by comparing its reading with that of a standard instrument. This process helps to adjust an instrument’s precision in accordance with the standard instrument calibrated as per the ISO/IEC 17025, which is the international standard for testing and calibration laboratories. The chief objective of calibration is to curb errors in measurement by ensuring absolute accuracy of the instrument. Most equipment is likely to yield erroneous readings in unfavorable operating conditions such as extremely high pressure and temperatures, or due to mechanical shocks. Therefore, it is essential to calibrate instruments regularly to ensure proper and accurate functioning. 

Global Calibration Equipment Market: Dynamics
Drivers: Advantages associated with use of calibration equipment 

The advantages and importance and need for accuracy and precision of end-products associated with the use of calibration equipment is a key factor expected to continue to drive global market growth over the forecast period. Calibration of equipment helps cut additional costs of repair and maintenance and increases profitability. Moreover, reduction in device errors and product recalls results in favorable outcomes and helps maintain customer loyalty and drives sales.

Restraints: Shortcomings of calibration instruments

Global calibration equipment market growth is significantly impacted by certain disadvantages associated with calibration equipment. High chances of inaccurate results on reconnecting devices, rising costs of these instruments, and complexities in equipment design and standards are some of the key factors expected to restrain market growth to a certain extent in the near future.

Global Calibration Equipment Market: Instrument Type Outlook

The electrical calibration equipment segment accounted for largest revenue share in 2020. Revenue growth of this segment is driven by increasing use of calibration instruments across electronics, automotive, manufacturing, and telecommunication sectors and need to adhere to stringent standards and compliances in markets that are highly competitive and margin for error is limited.

Global Calibration Equipment Market: Regional Analysis

The calibration equipment in Europe is expected to account for largest revenue share over the forecast period. Rising need to ensure quality standards and adhere and comply with standards and regulations, rising focus on regular repair and maintenance of measuring instruments, and increasing demand for technologically advanced calibration equipment are among some major factors driving market growth in this region. Rapid digitization across major industries in countries in the region is another factor propelling growth of the Europe market. The market in Asia  Pacific registered fastest revenue growth rate in 2020 and the trend is expected to continue over the forecast period. Favorable government policies for foreign direct investment, mergers, and acquisitions by major companies in countries in the region are key factors driving rapid market growth.  

Companies Profiled in the Report:

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, and Extech Instruments are among the major companies in the global calibration equipment market.

Report Scope & Segments Covered in the Report:

This report offers historical data points and forecasts and revenue growth at a global, regional, and country level, and provides analysis, industry trends, and consumption pattern details for each region, major country, and segment from 2018 to 2028. The global calibration equipment market report includes industry trends, drivers, restraints, opportunities, threats, market strategies, segment revenue, and market share contribution by each regional and country market. In addition, the report offers industry analysis and competitive landscape, company financials, and impact analysis. The report includes a detailed view of the global calibration equipment market, along with changing dynamics and trends, scenarios, detailed market and regional segmentation, regional landscape, analysis and evaluation, major investments, product offerings, product launches, and details of historical, current, and projected revenues.

For the purpose of this report, the global calibration equipment market is segmented based on product type, application, end-use, and region:

Instrument Type Outlook (Revenue, USD Billion; 2018-2028)

  • Pressure Calibration
    • Analogue Pressure Gauges
    • Barometers
    • Digital Indicators
    • Digital Pressure Gauges
    • Others
  • Temperature Calibration
    • Dial Thermometers
    • Infrared Meters
    • PRTs and Thermistors
    • Thermal Cameras
    • Thermometers/Thermocouples
    • Others
  • Flow Calibration
    • Rotometers
    • Thermal Mass Flowmeters
    • Turbine Meters
    • Others
  • Pipette Calibration
    • Single-channel and Multi-Channel Manual Pipettes
    • Electronic Pipettes
  • Electrical Calibration
    • Clamp Meters
    • Counter Timers
    • Electrical Meters
    • Insulation Testers
    • Multi-meters
    • Oscilloscopes
  • Mechanical Calibration
    • Accelerometers
    • Load Cells & Force Gauges
    • Height Gauges
    • Scales/Balances
    • Torque Wrenches
    • Others

End-use Outlook (Revenue, USD Billion; 2018-2028)

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

Region Outlook (Revenue, USD Billion; 2018-2028)

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • U.K.
    • France
    • Italy
    • Spain
    • Benelux
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • Singapore
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Rest of Latin America
  • Middle East and Africa
    • Saudi Arabia
    • UAE
    • South Africa
    • Rest of Middle East & Africa

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