In 2014, the global calibrators market was worth US$700 million. By the end of 2022, it is expected to be worth US$820 million. Between 2022 and 2029, the calibrators market is expected to grow at a CAGR of 4%, reaching a value of US$ 1,200 Million by the end of 2029.
In order to broaden their geographic reach and collaborate on the development of new products, the majority of the country’s major firms are concentrating on mergers and acquisitions. For instance, Driven Brands Holdings Inc., a reputable auto service provider in North Carolina, acquired Automobile Glass Now (AGN) in January 2022 to expand the availability of auto glass throughout the nation.
Due to the rising demand for calibration, the business will be able to enhance its glass repair service. As a result of the engagement of major businesses based in the United States in such purchases, it is projected that demand for pressure calibrators would rise in the next years.
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The increasing support of the government to encourage manufacturers to adopt unique calibrating methods in their operations is a vital factor which is set to augment the market in the U.K. Europe calibrators market is projected to generate approximately 28.2% of the share in 2022, predicts FMI.
For instance, in December 2021, the U.K. Government published its guidelines on the licensing process of a novel aerosol sensor testing technology named D1743. The government aims to raise awareness regarding the development of improved methods and systems for calibrating and testing aerosol sensors. Such initiatives by the regulatory body are anticipated to drive the sales of portable vibration calibrators equipped with innovative features in the U.K.
Here are some key takeaways about the calibrators market:
- The global calibrators market is expected to experience steady growth in the coming years, driven by increasing demand from various industries such as aerospace, defense, automotive, and healthcare.
- The increasing need for accurate and reliable measurements in manufacturing processes is also fueling the demand for calibrators.
- The portable calibrators segment is expected to see significant growth due to their ease of use and portability, which makes them ideal for field calibration applications.
- The electrical calibrators segment is expected to dominate the market due to the widespread use of electronic devices and the need for precise calibration of electrical parameters.
- Asia Pacific is expected to be the fastest-growing region for the calibrators market due to the increasing adoption of advanced manufacturing technologies and the growing demand for calibrators from various industries in the region.
- The major players in the calibrators market include Fluke Corporation, Keysight Technologies, WIKA Alexander Wiegand SE & Co. KG, Transmille Ltd., and Additel Corporation, among others.
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Calibrators Market: Segmental Analysis
By the current type, the direct current calibrator type segment, in terms of value, is anticipated to account for over half of the global calibrators market since, direct current calibrators are expensive and in most of the process control industries, the source of power is direct current type. Besides, alternative current type calibrators are usually employed for specific applications such as substations, etc. Thus, DC calibrators are predicted to have an upper hand throughout the forecast period as compared to the AC calibrators segment.
Based on the sales channel, the calibrators market has been divided into offline sales and online sales. The offline sales channel is stipulated to overlook the global calibrators market in the forecast period.
On the basis of end use, the global calibrators market has been segmented into industries and laboratory. The industries segment is further classified into sub-segments; electrical & electronics, process industry/process control industry, power industry, and auxiliary manufacturing. The process industry/process control industry sub-segment is stipulated to be the controlling segment in the global calibrators market due to the extensive need of test and measurement equipment in order to eliminate or mitigate any discrepancies in the manufacturing process.
Among all other regions, North America is estimated to account for over one-fourth of the market share in the global calibrators market, owing to the growing industrialization and urbanization, which in turn, is augmenting electrical testing services. As the entire world depends on electricity and its resources for power generation and distribution, the consumption of these resources have been increasing rapidly in the global market and hence, the impact of this factor is moderately high.
In terms of the global calibrator market value share, Europe is estimated to stand second, following North America in the global calibrators market. By country, China, Brazil, and India are predicted to be the emerging countries in the global calibrators market.
The electrical equipment industry is highly competitive and fragmented, due to the presence of various small and medium scale players. Some of the key players in the global calibrators market are Fluke Calibration, Keysight Technologies, WIKA, AMETEK INC, Beamex Oy Ab, OMEGA Engineering Inc., Megger, Yokogawa Test & Measurement Corporation, and ABB, among others.
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Calibrators Market By Category
By Current Type:
- AC
- Single Phase
- Handheld
- Stationary
- Three Phase
- Handheld
- Stationary
- DC
By Sales Channel:
- Online Sales
- Offline Sales
By End Use:
- Industrial
- Electrical & Electronics
- Process Industry/Process Control
- Power Industry
- Auxiliary Manufacturing
- Laboratory
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