Future Market Insights (FMI) has recently published a report titled ‘Instrument Calibrator Market – Global Industry Analysis 2013–2018 and Market Forecast 2019–2027.’ 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.
Various 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. 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.
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.
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-Projected-to-Reach-US-1423-3-Mn-by-2027-Future-Market-Insights.html
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