This report on the global Calibration Equipment market from Reports and Data provides a comprehensive analysis of the current and emerging market trends along with key industry developments to assist users, readers and investors in understanding market scenarios fully. 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.
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Market Overview:
Over the past few years, the manufacturing and construction industry has steadily expanded in terms of revenue, and during the forecast period, 2023-2028, it is expected to grow at a robust rate. A number of factors have contributed to this, including rapid growth in the construction and building industries, rapid industrialization and urbanization across the globe, and technological advancements in manufacturing. Due to growing awareness of environmental impact and carbon emissions in recent years, green construction and energy efficient buildings have become increasingly popular. The global market is expected to grow during the forecast period due to factors such as a rapidly growing global population, changing lifestyle preferences, the increasing demand for smart buildings, an increase in renovations and reconstructions worldwide, and an increase in eco-friendly construction activities. Other factors expected to boost global market growth include rising disposable income, government schemes, and private investments to support manufacturing and construction industries.
Competitive Landscape:
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.
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Calibration Equipment Market Segmentation:
Type Outlook:
- Pressure Calibration
- Temperature Calibration
- Flow Calibration
- Pipette Calibration
- Electrical Calibration
- Mechanical Calibration
End-use Outlook:
- Industrial
- Electronics
- Automotive
- Aerospace & Defense
- Food & Beverage
- Manufacturing
- Others
- Laboratories
- Scientific Laboratories
- Clinical Laboratories
- Others
Regional Outlook:
- North America (U.S., Canada, Mexico)
- Europe (Germany, U.K., Italy, France, BENELUX, Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Rest of Asia Pacific)
- Latin America (Brazil, Rest of LATAM)
- Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)
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