Calibration Equipment Market Report

Market Insights

The Calibration Equipment market is projected to grow from USD 410.1 million in 2020 to USD 584.3 million by 2026 at a CAGR of around 6.2% during the forecast period.

Figure: Calibration Equipment Market Size, 2020-2026 (USD Million)

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What is Calibration Equipment?

Calibration can be defined as a comparison of the measurement device to be calibrated against a traceable reference device. Calibration equipment helps identify, measure, and rectify the deviation in the performance of testing and measurement instruments. Calibration equipment can be categorized as mechanical calibration equipment, electrical calibration equipment, physical/dimensional calibration equipment, and thermodynamic calibration equipment.

Key Players

Key players operating in the Calibration Equipment market are-

• Fluke Corporation (The U.S),
• Yokogawa Electric Corporation (Japan),
• WIKA Alexander Wiegand SE & Co. KG (Germany),
• Meriam Process Technologies (The U.S),
• AMETEK Sensors, Test & Calibration (The U.S),
• DRUCK & TEMPERATUR Leitenberger GmbH (Germany),
• SWORD (Singapore),
• Additel Corporation (The U.S),
• Omega SA (Switzerland), and
• ATEQ (The U.S).

Market Dynamics

The growth of the calibration equipment market is primarily driven by widespread product use in the industrial sector and laboratories.

• Growing chemicals industry with increasing demand for chemicals in a broad range of end-use industries is likely to drive the market growth at a significant rate during the review period.
• In addition to this, rising demand for technologically advanced calibration equipment is likely to create lucrative opportunities for the players operating in the global market in the coming years.

Segments' Analysis

Application Trends

By application, the calibration equipment market has been bifurcated into chemical industry, metallurgy industry, petroleum industry, power industry and others.

• Under these, the chemical industry segment accounted for the largest market share in 2020 and is projected to register significant growth during the review period.
• The metallurgy industry is expected to register significant growth in the coming years on account of increasing demand for metals in end-use industries.

Regional Trends

By region, the market in Asia-Pacific accounted for the largest market share in 2020 and is projected to grow at a significant CAGR during the assessment period. The regional growth can be attributed to expanding industrialization in developing countries such as China and India. The market growth in the North American region is expected to be driven by the established presence of the key end-use industries and rising demand for technologically advanced calibration equipment.

COVID-19 Impact on Calibration Equipment Market

The covid-19 outbreak posed significant challenges across verticals worldwide. It impacted the growth of the calibration equipment market negatively for a short period of time as the imposition of lockdown and trade restrictions resulted in affected the product supply and demand and thus, affected the market growth.

Critical Questions Answered in the Report

• What are the key trends in the Calibration Equipment market?
• How the market (and its various sub-segments) has grown in the last five years and what would be the growth rate in the next five years?
• What is the impact of COVID-19 on the Calibration Equipment market?
• What are the key strategies adopted by the major vendors to lead in the Calibration Equipment market?
• What is the market share of the top vendors?

Target Audience

Here is the list of the group of customers that the Calibration Equipment market hopes to have the greatest opportunity to convert-

• Calibration equipment distributors
• Calibration equipment suppliers
• Calibration equipment manufacturers
• Logistics organizations          
• Government bodies

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