Calibrators – Entering the Era of Digitalization
The rise of digital technologies and modularly organized plants alludes high flexibility in industrial processes, equally influencing the maintenance requirements of machines. Calibrators continue play a vital role in preventing costly equipment failures, while meeting the need for optimized and timely maintenance.
Calibrators Market - Key Research Findings
- The global calibrators market size in 2019 is expected to be ~US$ 820 Mn.
- The calibrators market is anticipated to grow at a CAGR of ~4% over the forecast period of 2019-2029.
- In terms of value share, North America and Europe are estimated to remain as prominent regions in the calibrators market.
- In terms of growth rate, South East Asia is anticipated to witness a high growth.
- Emerging players in the calibrators market are looking forward to expanding their product offerings and ventures into the electrical testing services market.
Top Factors Shaping the Global Calibrators Market
Improving Power Plant Performance with Modern Calibration Process
Calibration of an equipment is an essential activity in every process and manufacturing industry. Several reasons are supporting this fact, such as enhancing efficiency of power plants to increase or maintain safety, productivity, and profitability. Also, calibration of certain equipment such as emission monitoring systems is highly important in regulated regions. Furthermore, there are several global and regional calibration standards that mandate the calibration of electrical equipment.
Safety being the First Priority
Electricity has the capability of causing lethal harm to an individual and unchecked electrical equipment such as high, low and medium voltage transformers have more tendency of causing such damages. In 2002, work injuries due to electrical malfunctioning costed America US$ 14.6 Bn. However, this has reduced significantly due to adoption of precautionary measures such as testing of the electrical equipment on a regular basis. Hence, it has become necessary that electrical equipment in large institutes such as power generation plants, manufacturing industries, and oil refineries are continuously tested to keep the working of the equipment in check and properly maintained to avert such sudden mishaps thereby, boosting the calibrators market.
Calibrators Market Structure Analysis
- The global calibrators market is undoubtedly unorganized market where, tier-1 and tier-2 companies hold one-fourth of the global calibrators market.
- Most of the manufacturers in the calibrators market are strategically focusing in Middle East and Africa, East Asia, and South Asia regions.
- Prominent players are strengthening and expanding their manufacturing and distribution network throughout the world to gain a competitive edge in the calibrators market.
- Fluke Calibration, Keysight Technologies, Beamex Oy Ab, WIKA, AMETEK INC, OMEGA Engineering Inc., Megger, Yokogawa Test & Measurement Corporation, and ABB are some of the market participants in the global calibrators market.
Market Set to Grow 1.5X between 2019 and 2029
Emergence of portable calibrators with multifunctional capability has meant that state-of-the-art calibration, data integration, and communication with control systems have gained higher accuracy. Calibrator sales will be influenced by widespread acceptance of portable multifunctional products in the foreseeable future.
Attractiveness of Developed Markets Intact
Developed markets, namely, North America and Europe, remain the goldilocks’ zone for calibrator manufacturers, as the spending on industrial infrastructure proliferates. There have been significant investments in aerospace, consumer electronics and pharmaceutical industries in these region, in turn paving lucrative opportunities for the market stakeholders.
The Broader Perspective
The trend of on-site calibration continues to gain momentum, reducing the downtime of field instruments. Industries worldwide are emphasising in-house services to promote on-site calibration and ensure minimal interruptions in manufacturing processes.
DC-powered calibrators remain the top-selling category – accounting for ~60% shares
Gains from AC-powered calibrators to remain significant
Industrial calibrators accounting for bulk shares
Adoption of laboratory calibrators to remain sluggish
How Growth will Unfold
Factories of the future are expected to sail on the tidal wave, boarding the ark of digital transformation. Calibrator manufacturers are witnessing greater sales through offline channels, such as specialty stores. Online calibrator sales have gradually picked up pace, and prospects seem bright, despite low gains at present.
Online | Offline
* This data is only a representation. Actual data may vary and will be available in report.Click Here To Know How The Growth Will Unfold
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Calibrators Market: Global Industry Analysis 2014-2018 & Opportunity Assessment 2019-2029
A market study published by Future Market Insights on the calibrators market includes global industry analysis 2014-2018 & opportunity assessment 2019-2029 and offers a comprehensive assessment of the factors and market dynamics. After conducting an in-depth research on the historic and current growth parameters of the global calibrators market, the growth prospects of the market are obtained with maximum precision.
Calibrators Market Taxonomy
The global calibrators market is segmented in detail to cover every aspect of the market and present a complete market intelligence approach to the reader.
By Current Type
- Single Phase
- Three Phase
- Single Phase
By Sales Channel
- Online Sales
- Offline Sales
By End Use
- Electrical & Electronics
- Process Industry/Process Control
- Power Industry
- Auxiliary Manufacturing
- North America
- Latin America
- East Asia
- South Asia
- Middle East & Africa
The report begins with an executive summary of the calibrators market, which contains a summary of the key research findings, demand-side trends, and supply-side trends. It also includes market size estimates (in US$ million) of the key segments in the calibrators market.
This section includes a detailed market taxonomy and definition of the calibrators market, which will help understand the basic information and key inclusions considered in the calibrators market report.
The report provides key market trends that are expected to significantly impact the growth of the calibrators market during the forecast period. Detailed industry trends are provided in this section, along with the key market developments and product innovations.
It includes product adoption & usage analysis and manufactures strategies for market expansion.
This section explains the global market volume analysis and forecast for the calibrators market between the forecast periods of 2019-2029.
This section highlights the average price of calibrators as per the product type in different regions across the world. The pricing benchmark for manufacturer level pricing is analyzed in this section.
This section explains the global market value analysis and forecast for the calibrators market between the periods of 2019-2029. This chapter includes a detailed analysis of the historical calibrators market, along with an opportunity analysis of the future. Readers can also find absolute $ opportunity for the current year (2018-2019) and an incremental $ opportunity during the forecast period of 2019–2029.
This section explains key macro-economic factors that are anticipated to influence the calibrators market growth over the forecast period. This chapter also highlights the prominent market dynamics, drivers, restraints, and opportunities in the calibrators market. Moreover, readers will understand the key developments and trends that are being followed by prominent players in the calibrators market.
Based on the current type, the calibrators market has been segmented into two types – AC current and DC current. In this chapter, the reader can find information about the adoption trends of calibrators in each current type as well as market attractiveness analysis based on the current type.
This section of the calibrators market report provides details on the basis of sales channel and has been classified into online sales and offline sales, which, in turn, will allow the understanding of the calibrators market value chain among manufacturers.
This chapter provides details about the calibrators market on the basis of end use type, and has been classified into industrial and laboratory calibrators. In this section, readers will be able to understand the calibrators market attractive analysis based on the end use type, i.e., which end-use industries prefer which type of calibrator.
A detailed analysis of the calibrators market across several geographic regions such as North America, Latin America, Europe, East Asia, South Asia, Oceania, and Middle East & Africa (MEA) has been provided in this section.
This chapter includes a detailed analysis of the growth of the North America calibrators market, along with a country-wise assessment that includes the U.S. and Canada. Readers can also find the regional trends, regulations, and market growth based on end users and countries in the North America calibrators market.
Readers can find detailed information about several factors, such as the pricing analysis and the regional trends that are impacting the growth of the Latin America calibrators market. This chapter also includes the growth prospects of the calibrators market in prominent LATAM regions such as Brazil, Mexico, and the Rest of Latin America.
Important growth prospects of the calibrators market based on its end users in several regions such as Nordic countries, Germany, the U.K., France, Russia, and the Rest of Europe are included in this chapter.
India, ASEAN, Oceania, and the Rest of South Asia are the prominent regions in the South Asia region that are the prime subjects of assessment to obtain the growth prospects of the South Asia calibrators market in this chapter. Readers can find detailed information about the growth parameters of the South Asia calibrators market during the period of 2019-2029.
This chapter highlights the growth of the calibrators market in East Asia by focusing on China, Japan, and South Korea. This section also helps readers understand the key factors that are responsible for the growth of the calibrators market in East Asia.
This chapter provides information about how the calibrators market will grow in major regions/countries in the MEA region, such as GCC countries, South Africa, and the Rest of MEA during the forecast period of 2019-2029.
This chapter provides information about how the calibrators market will grow in major countries in the East Asia region, such as China and India during the forecast period of 2019-2029.
In this chapter, readers can find detailed information about the calibrators market analysis and market concentration of key players in the calibrators market, along with their market presence analysis by region and product portfolio.
In this chapter, readers can find a comprehensive list of all the prominent stakeholders in the calibrators market, along with detailed information about each company, which includes the company overview, revenue shares, strategic overview, and recent company developments. Some of the calibrators market players featured in the report are Fluke Calibration, Keysight Technologies, Beamex Oy Ab, WIKA, AMETEK INC, OMEGA Engineering Inc., Megger, Yokogawa Test & Measurement Corporation, and ABB, among others.
This chapter includes a list of acronyms and assumptions that provides a base to the information and statistics included in the calibrators market report.
This chapter help readers understand the research methodology followed to obtain various conclusions as well as important qualitative and quantitative information about the calibrators market.
How the research was conducted?
Primary research interview with key opinion leaders and other participants were conducted for data collection and validation of the below information:
- Calibrators Market Leaders
- Sales Head
- R&D Head
- Procurement Head
- Channel Partners
- Sales Head
- Sales Manager
- Calibrators solution providers
- Regional Calibrators Distributors
- Average Selling Price (US$) of Calibrators and Market Growth
- Key Developments
- Key Calibrators Market Trends and Opportunities
- Regional wise Dynamics
- Market Share Information
- Key Brands
- Competition & Key Vendor Strategies
- Published Financial Data: quarterly financial statements, 10-K & 10-Q filings, annual reports, Factiva, Morning Star etc., along with company websites and other published financial sources including local newspapers, magazines to determine company wise earnings
- Corporate Communication: Corporate press release specification sheet, price list, catalogs, and financial disclosures provided sales, products and product related information
- Published Trade Data: Publication from trade organizations, associations, and governments, along with ITC trade database and regional / local paid databases
- Other Data Sources: Article from target industry experts, and industry stakeholders, press information and data released by exhibitions conducted by associations etc.
Primary Interview Splits