Global Calibration Equipment Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Calibration Equipment Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Calibration equipment is used to adjust the accuracy of the instrument, usually related to specific applications: temperature, pressure, weight. Unless calibrated, the most sophisticated industrial equipment will be useless. Through calibration, adjustments to a device can ensure that its performance achieves the desired results - it can be relied on to provide predictable and accurate results that meet quality standards.

Market Overview:

The latest research study on the global Calibration Equipment market finds that the global Calibration Equipment market reached a value of USD 868.35 million in 2022. It’s expected that the market will achieve USD 1125.17 million by 2028, exhibiting a CAGR of 4.41% during the forecast period.

Drivers

Calibration in measurement technology is to compare the measured value provided by the equipment under test with the calibration standard of known accuracy. Calibration equipment plays a vital role in identifying, measuring and correcting deviations in the performance of measuring and testing instruments. Electrical calibration equipment is one of the main types of calibration equipment. It is widely used in automobile, industry and electronic manufacturing. Demand growth and concerns about accurate information and data are driving the growth of the global electrical calibration equipment market.
The growing demand for sensor and understanding system design and accuracy of data transferred by measurement is one of the main driving forces in the global electrical calibration equipment market. Manufacturing centers are using calibration equipment to calibrate their measuring equipment to comply with government regulations, which is one of the main drivers of markets in different parts of the world.

Opportunities

Without the accreditation of the quality system, enterprises must establish their own quality system and pass the certification if they want to become larger. The quality system itself requires enterprises to carry out instrument calibration according to the regulations. This part of enterprises is also a potential market.
With the development of testing technology, modern products rely more and more on instruments and equipment to ensure the quality of the whole process from design, manufacture to service. The requirements of measurement accuracy and repeatability are also increasing. Many qualitative measurement indicators used to require quantitative measurements, and those that did not previously require measurements now require measurements.
The measurement institution is a third-party notarization institution, and the internal proofreading of measuring instruments does not represent the third-party notarization. With the improvement of customers’ requirements for product quality, the possibility of internal calibration instrument turning to external calibration will increase. The internal calibration market is a potential market, and this market is also larger.

Region Overview:

North America is projected to account for a considerable share of the Calibration Equipment market and is expected to become the largest region by 2028.

Company Overview:

Fortive is one of the major players operating in the Calibration Equipment market, holding a share of 12.59% in 2023.

Fortive

Fortive is a global family of more than 20 industry-leading industrial growth and technology companies, united by a shared purpose: to make the world stronger, safer and more effective by providing essential technology for the people who accelerate progress. Company take on big challenges that have real impact in fast-moving fields like software development, robotics, transportation, energy and healthcare.

WIKA Alexander Wiegand SE & Co. KG

WIKA Alexander Wiegand SE & Co. KG is a global German family-owned company with more than 1,000 outstanding employees. The company is not only a global leader in pressure and temperature measurement, but also an industry benchmark for liquid level, force, flow measurement, calibration technology and SF6 gas solutions. Founded in 1946, WIKA has developed into a reliable partner for all industrial measurement needs with a wide range of high precision measuring instruments and full service.

Segmentation Overview:

Among different product types, Portable Pressure Calibrator segment is anticipated to contribute the largest market share in 2028.

Portable Temperature Calibrator

The temperature calibrator is designed according to the needs of the technicians who use it. Each application has certain requirements for sensor type, location, budget, accuracy/stability/uniformity and temperature range.

Portable Pressure Calibrator

Pressure calibrator is only a pressure-measuring device that can verify (or calibrate) the pressure readings of another pressure-measuring device.

Application Overview:

By application, the Power Industry segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Calibration Equipment market covered in Chapter 3:

Fortive
Practical Instrument Electronics, Inc.
GE Measurement&Control Solutions
Additel
Yokogawa
Others
AMETEK
Scott Fetzer
Extech Instruments
Martel Electronics Corporation
Beamex Oy Ab
WIKA Alexander Wiegand SE&Co.KG

In Chapter 4 and Chapter 14.2, on the basis of types, the Calibration Equipment market from 2018 to 2029 is primarily split into:

Portable Temperature Calibrator
Portable Pressure Calibrator
Others

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Calibration Equipment market from 2018 to 2029 covers:

Chemical Industry
Metallurgy Industry
Petroleum Industry
Power Industry
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)