Instrument Calibrator Market to Grow at a CAGR of 6.2% through 2027 - PowerPoint PPT Presentation

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Instrument Calibrator Market to Grow at a CAGR of 6.2% through 2027

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The global instrument calibrator market is expected to grow at a CAGR of 6.2% throughout the forecast period. In 2018, the instrument calibrator market was valued at US$ 833.1 Mn, and is projected to grow considerably to US$ 1423.3 Mn by 2027 due to continuous improvements in instrument calibrators. – PowerPoint PPT presentation

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Title: Instrument Calibrator Market to Grow at a CAGR of 6.2% through 2027


1
Instrument Calibrator Market
  • March 2020

Report Id REP-GB-9470 Published On Apr
19,2019 Category Testing
2
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includes sources of databases
4
Instrument Calibrator Market Analysis
Future Market Insights (FMI) has recently
published a report titled Instrument Calibrator
Market Global Industry Analysis 20132018 and
Market Forecast 20192027. Instrument
calibrators are frequently used to adjust the
accuracy of an instrument that is often
associated with a specific application.
Instrument calibrators inspect the various
testing equipment to ensure its proper
functioning as per the testing guidelines. Variou
s instrument calibrators, such as temperature
calibrators, pressure calibrators, and electrical
calibrators, are used in several industries to
check the quality parameters of the testing
instrument. Several industries, such as
electronics, food beverages, aerospace,
defence, automotive, and pharmaceutical, require
instrument calibrators at regular intervals for
the calibration of various testing
instruments. Different types of quality testing
equipment is used in the food and beverages
industry to ensure the quality of food products.
Maintaining the quality of products is one of the
prime concerns of the manufacturers of food
products.
5
Instrument Calibrator Market Analysis
  • Instrument calibrators are used in the food and
    beverages industry to check the proper
    functioning of the quality testing equipment. The
    increasing consumption of packaged food in the
    recent years and the growing demand for
    instrument calibrators in the food industry is
    boosting the instrument calibrator market.
    Another factor that is propelling the instrument
    calibrators market is the high adoption of
    portable calibrators across the globe in the
    recent years.
  • The global instrument calibrator market is
    expected to grow at a CAGR of 6.2 throughout the
    forecast period. In 2018, the instrument
    calibrator market was valued at US 833.1 Mn, and
    is projected to grow considerably to US 1423.3
    Mn by 2027 due to continuous improvements in
    instrument calibrators.
  • The requirement for instrument calibrators in the
    aerospace and defence industry is gaining
    traction
  • Aerospace and defence are among the rapidly
    growing industries across the globe. Various
    countries, such as China, the UK, the U.S., and
    India, are investing significant amounts of
    capital in the aerospace and defence industries.
    Conducting regular calibration checks of
    electronics systems used in these industries is
    mandatory. As these industries are sensitive, it
    is very important to inspect and ensure the
    proper functioning of the equipment. Thus, the
    increasing requirement of instrument calibrators
    in the aerospace and defence industry due to the
    mandatory calibration checks of electronics
    systems is another factor fuelling the growth of
    the instrument calibrator market.

6
Instrument Calibrator Market Analysis
  • Regions such as APEJ and North America are
    witnessing significant growth in the aerospace
    and defence industries in the past few years.
    Technological improvements in the aerospace and
    defence industries in these regions over the
    years is considerably boosting the instrument
    calibrator market.
  • Technological advancements and price
    affordability is driving the market
  • Technological advancements associated instrument
    calibrators is one of the major factors
    accelerating the growth of the global instrument
    calibrator market. The availability of benchtop
    and portable instrument calibrators in developed
    and developing regions is boosting the instrument
    calibrator market. The high adoption of portable
    calibrators due to their user-friendly interface
    is fuelling the demand for portable calibrators
    across the globe.
  • Recently, Yogokawa Test Measurement
    Corporation, a leading manufacturer of instrument
    calibrators, launched the portable CA700
    Precision Pressure Calibrator in the market. This
    portable calibrator includes features such as
    high accuracy, long stability, and strong support
    for field calibration and maintenance work.
  • Another factor boosting the instrument calibrator
    market is pricing affordability. Manufacturers
    are designing affordable instrument calibrators
    to capture a significant market share.

7
Instrument Calibrator Market Analysis
Yogokawa Test Measurement Corporation, General
Electric, Fluke Corporation, and AMETEK Inc. are
among the tier-1 manufacturers of instrument
calibrators in the market According to FMI
analysis, Yogokawa Test Measurement
Corporation, General Electric, AMETEK Inc., and
Fluke Corporation are among the key manufacturers
of instrument calibrators. Manufacturing and
serving a wide range of instrument calibrators to
consumers as per the industry requirements are
among the key strategies followed by the major
manufacturers of instrument calibrators to
capture a significant share of the instrument
calibrators market across the globe. Some of the
key manufacturers of instrument calibrators are
OMEGA Engineering Inc., WIKA, Extech Instruments,
Additel, Beamex Oy Ab., Calmet, Isothermal
Technology Limited., Time electronics, PRINT
TEMPERATURE Leitenberger GmbH, and Star
Instruments Ltd. Press Release Source
https//www.globenewswire.com/news-release/2019/05
/20/1827683/0/en/Instrument-Calibrator-Market-Proj
ected-to-Reach-US-1423-3-Mn-by-2027-Future-Market-
Insights.html
8
Instrument Calibrator Market Analysis
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