Instrument Calibrator – Uptake of The Essentiality for Regular Calibration
Regularity of instrument calibration continues to be an essential aspect among fabrication and manufacturing industries, wherein minute errors translate into massive blunders that impact the entire project. Standardization of calibration intervals for industry instruments and equipment by authorities such as the world meteorological organization (WMO) continue to buoy demand for instrument calibrators.
Top 3 Factors Shaping the Instrument Calibrator Market
Presence of prominent manufacturers in key regions is boosting the market
The availability of instrument calibrators, such as temperature, pressure, and electrical calibrators, due to the adequate presence of prominent manufacturers in key regions is significantly boosting the instrument calibrator market. Rapid growth in various industries, such as pharmaceutical, automobile, aerospace, electronics, and defence, in the recent years is creating opportunities for manufactures to capture a significant share of the instrument calibrators market. Manufacturers provide a wide range of instrument calibrators as per the requirements of various industries.
Frequent use in the pharmaceutical industry is significantly driving the market
In the pharmaceutical industry, various pharmaceutical products, such as drugs, medical devices, and diagnostic test kits, need to be tested as per the stringent guidelines for the same. Testing equipment used in the pharmaceutical industry requires regular calibration testing to ensure its proper functioning. The frequent calibration testing of various pharmaceutical equipment, such as medical testing devices, weather stations, thermistors, and furnaces, requires various calibrators such as temperature, pressure, and electrical calibrators. The growing pharmaceutical industry and the frequent use of calibrators in this industry is boosting the instrument calibrator market.
Mandatory calibration testing in industries is propelling the instrument calibrator market
Industries, such as automobile, pharmaceutical, electronics, aerospace, and defence, require a variety of testing equipment for daily operations. The proper functioning of this testing equipment is essential to carry out various operations. The mandatory calibration testing of this testing equipment as per the regulations is also boosting the instrument calibrator market. Calibrators, such as electrical, pressure, and temperature calibrators, are frequently used in various industries for the calibration testing process.
Instrument Calibrator Market Structure Analysis
- Top companies in the instrument calibrator market include Yogokawa Test & Measurement Corporation, Fluke Corporation, AMETEK Inc., and General Electric
- While most of the key players maintain a strategic focus on the Asia Pacific and Middle East & Africa markets, the report underlines that technological developments will be a significant developmental strategy for manufacturers
- Leading players in the instrument calibrator market are also concentrating on expanding the trend of adopting portable instrument calibrators, whereas cost-effectiveness will remain a strong variation strategy
- Some of the key players in the instrument calibrator market are Star Instruments Ltd, Additel, OMEGA Engineering Inc., PRINT & TEMPERATURE Leitenberger GmbH, Calmet, Time Electronics, WIKA, Isothermal Technology Limited, Extech Instruments, and Beamex Oy Ab.
Market Set to Grow 1.6X between 2019 and 2027
Instrument calibrators witnessed sustained traction, as stringent regulations on quality and protective maintenance continue to advocate their essentiality. Gains remain underpinned by greater frequency of using instrument calibrators in the pharmaceutical and electronics sector, wherein chances of errors are influenced by multi-faceted aspects.
Emerging Markets – Goldmine of Opportunity
Spending on industrial infrastructure continues on an upward spiral in emerging economies, particularly in the pharmaceutical, electronics and aerospace industries. This has created a wave pool of opportunities for instrument calibrator manufacturers as well as service providers in these markets.
The Broader Perspective
Industry stakeholders continue to put efforts into advancements in instrument traceability to achieve optimal accuracy of measure data. Early identification of errors to improve output efficiency and reduce process downtimes has further led developments in the instrument calibrators.
Pressure calibrator remains the top-selling category, accounting for nearly two-third market shares
Temperature calibrator will also continue to hold significant shares of the instrument calibrator market
Gains from electric calibrators will continue to be sluggish during the period of assessment
End-Users continue to show a marked preference for benchtop calibrators, which account for over 60% sales
Although sales of portable calibrators will grow at a relatively higher rate than the benchtop variants, gains from the former will remain relatively low.
Demand for instrument calibrators will remain the largest in electronics industry, with sales estimated to account for nearly one-third shares
Adoption will also remain significant in the pharmaceutical/biomedical industries, owing to relatively greater frequency of calibration requirements
Sales of instrument calibrators will record a relatively faster growth at nearly 8% in the food & beverage sector
How Growth will Unfold
Fast permeation of Industry 4.0 has influenced developments in the instrument calibrators, with the integration of sensors that enable digitalization of these equipment. As automation spreads like a wildfire across industry sectors, particularly in developed markets, it is highly likely that future of maintenance will incline more toward digital and so will the calibration processes associated with instruments.
Benchtop | Portable
* This data is only a representation. Actual data may vary and will be available in report.
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Overview
Instrument Calibrator Market: Global Industry Analysis 2013-2018 & Opportunity Assessment 2019-2027
A recent market study published by FMI “Instrument Calibrator Market: Global Industry Analysis 2013-2018 & Forecast 2019-2027” offers a comprehensive assessment of the most important market dynamics. After conducting thorough research on the historic as well as current growth parameters of the Instrument Calibrator market, the growth prospects of the market are obtained with maximum precision.
Instrument Calibrator Market Taxonomy
The global Instrument Calibrator market is segmented in detail to cover every aspect of the market and present a complete market intelligence approach to the reader.
By Product
- Temperature calibrator
- Electrical Calibrator
- Pressure calibrator
- Others
By Modularity
- Benchtop
- Portable
By End Use
- Electronics
- Pharmaceutical and Biomedical
- Industrial & automotive
- Food and Beverage
- Aerospace & Defense
Region
- North America
- Latin America
- Europe
- Japan
- APEJ
- MEA
What's Included
The report commences with the executive summary of the Instrument Calibrator market, which includes a summary of the key findings and key statistics of the market. It also includes the market value (US$ million) estimates of the leading segments of the Instrument Calibrator market.
Readers can find the detailed taxonomy and the definition of the Instrument Calibrator market in this chapter, which will help them understand the basic information about the Instrument Calibrator market. This section also highlights the key inclusions and exclusions, which helps the reader understand the scope of the Instrument Calibrator market report.
The report provides the key trends that are expected to substantially impact the growth of the market during the forecast period. Detailed industry trends are provided in this section, along with key market developments or product innovations, and key competition mapping, which is likely to have a significant impact on Instrument Calibrator market.
This section includes the key inclusions of the report. It includes the product adoption & usage analysis, product timeline, regulatory assessment, reimbursement scenario, pipeline assessment & opportunity analysis, and manufactures’ strategies for market expansion.
This section explains the global market value analysis and forecast for the Instrument Calibrator market between the forecast period of 2019-2027. This chapter includes the detailed analysis of the historical Instrument Calibrator market, along with an opportunity analysis of the future. Readers can also find the absolute opportunity for the current year (2019 – 2020), and an incremental opportunity for the forecast period (2019 – 2027).
This chapter explains the key macro-economic factors that are expected to influence the growth of the Instrument Calibrator market during the forecast period. Along with macroeconomic factors, this section also highlights the opportunity analysis for the Instrument Calibrator market. This chapter also highlights the key dynamics of the Instrument Calibrator market, which include the drivers, restraints, and trends. Moreover, it will enable readers to understand the key trends followed by the leading manufacturers in the Instrument Calibrator market.
This section explain the global market penetration analysis for the Instrument Calibrator in 2018. The section also covers the key information about the Instrument calibrator’s patents landscape, regulatory scenarios, adoption and applications of Instrument calibrators in various industries such as Electronics, Food & Beverage, Pharmaceutical, Automobile and Aerospace & Defense. It also provides information on the penetration of the Instrument Calibrator market by emerging application areas.
Based on the product type, the Instrument Calibrator market is segmented into temperature calibrator, electrical calibrator, pressure calibrator and others. In this chapter, readers can find information about the key trends and developments in the Instrument Calibrator market and market attractiveness analysis based on the product type.
Based on the Modularity type, the Instrument Calibrator market is segmented into Benchtop and Portable calibrators. In this chapter, readers can find information about the market attractive analysis based on Modularity type
This chapter provides details about the Instrument Calibrator market on the basis of end use, based on which the market has been classified into Electronics, Pharmaceutical and Biomedical, Industrial & Automotive, Food and Beverage and Aerospace & Defense. In this chapter, readers can understand the market attractiveness analysis based on end use.
This chapter explains how the Instrument Calibrator market will grow across various geographic regions, such as North America, Latin America, Europe, Japan, APEJ and the Middle East & Africa (MEA).
This chapter includes a detailed analysis of the growth of the North America Instrument Calibrator 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 the Modularity Type, Product type and countries in North America.
Readers can find detailed information about several factors, such as the pricing analysis and the regional trends, which are impacting the growth of the Latin America Instrument Calibrator market. This chapter also includes the growth prospects of the Instrument Calibrator market in the leading LATAM countries such as Brazil, Mexico and the Rest of Latin America.
Important growth prospects of the Instrument Calibrator market based on its end use in several countries, such as Germany, the UK, France, Spain, Italy and the Rest of Europe, are included in this chapter.
This chapter highlights the growth of the Instrument Calibrator market in Japan. This section also helps readers understand the key factors that are responsible for the growth of the Instrument Calibrator market in Japan.
This chapter highlights the growth of the Instrument Calibrator market in the APEJ by focusing on China, India, Malaysia, Singapore, Australia and Rest of APEL. This section also helps readers to understand the key factors that are responsible for the growth of the Instrument Calibrator market in APEJ.
This chapter provides information about how the Instrument Calibrator market will grow in the major countries in the MEA region, such as GCC Countries, South Africa, Israel, and the rest of MEA, during the forecast period 2019 - 2027.
In this chapter, readers can find detailed information about the tier analysis and market concentration of the key players in the Instrument Calibrator market, along with their market presence analysis by region and product portfolio.
In this chapter, readers can find a comprehensive list of all the leading stakeholders in the Instrument Calibrator market, along with detailed information about each company, which includes the company overview, revenue shares, strategic overview, and recent company developments. Some of the market players featured in the report include Yogokawa Test & Measurement Corporation, Fluke Corporation, AMETEK Inc., and General Electric, Star Instruments Ltd, Additel, OMEGA Engineering Inc., PRINT & TEMPERATURE Leitenberger GmbH, Calmet, Time Electronics, WIKA, Isothermal Technology Limited, Extech Instruments, and Beamex Oy Ab.
This chapter includes a list of acronyms and assumptions that provide a base to the information and statistics included in the Instrument Calibrator market report.
This chapter helps readers understand the research methodology followed to obtain the various conclusions as well as important qualitative and quantitative information about the Instrument Calibrator market.
How the research was conducted?
Primary Research
Primary research interviews with Key opinion leaders and other participants were conducted for data collection and validation of the below information:
- Average Selling Price (US$) and Market Growth
- Adoption of Instrument calibrators
- Key Developments
- Key Trends and Opportunities
- Regional wise Dynamics
- Market Share Information
- Key Brands
- Competition & Key Vendor Strategies
- Region-wise dynamics
- Competition & Key Vendor Strategies
Secondary Research
- American Association for Laboratory Accreditation
- European co-operation for Accreditation.
- United Kingdom Accreditation Service
- National Association of Testing Authorities, Australia.
- Aerospace Industry Association
- Aerospace and Defense Industries Association of Europe
- National Accreditation Board for Testing and Calibration Laboratories (India)
- National Defense Industrial Association
- Food and Beverage Association of America
- American Pharmaceutical Association
- Federation of Asian Pharmaceutical Association
- European
- Federation Of Pharmaceutical Industries Association
Primary Interview Splits
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