Global Calibration Equipment Market to Reach USD 7,042.90 Million by 2030 | CAGR of 5.4%
Category : Machinery and Equipment | Published Date : Nov 2024 | Type : Press Release
Calibration Equipment Market Scope & Overview:
As per the Consegic Business Intelligence newly published report, the Global Calibration Equipment Market size was valued at USD 479.30 million in 2022 and is projected to grow at a CAGR of 6.7%, reaching USD 792.24 million by 2030. Calibration equipment includes tools and devices used to verify, measure, and ensure the accuracy and reliability of instruments. It plays a critical role in maintaining consistent measurement standards across various industrial sectors, including manufacturing, power, and healthcare.
The report comprises the Calibration Equipment Market Share, Size & Industry Analysis, By Type (Pressure Calibration, Temperature Calibration, Mechanical Calibration, Electrical Calibration, Radiological Calibration, Optical Calibration, Thermodynamic Calibration, Pipette Calibration, Flow Calibration), By End-User Industry (Metallurgy, Chemical, Power, Petroleum, Aerospace & Defense, Electronics, Automotive, Food & Beverages, Others), By Region (North America, Europe, Asia-Pacific, Latin America, Middle East & Africa), and Forecast, 2023-2030.
The report includes detailed insights on Calibration Equipment Market Trends, Opportunities, Growth Rate, Segmentation, Geographical Coverage, Company Profiles, Revenue Forecast, Competitive Landscape, Growth Factors, Challenges, PESTLE Analysis, PORTER Analysis, and Value Chain Analysis.
The growing focus on quality control and the increasing adoption of calibration equipment in industrial automation are key drivers boosting the market growth.
Segmental Analysis :
Based on type the market is segmented into pressure calibration, temperature calibration, mechanical calibration, electrical calibration, radiological calibration, optical calibration, thermodynamic calibration, pipette calibration, and flow calibration.
- Electrical Calibration dominated the market in 2022, driven by the need for precise measurement of electrical parameters in compliance with regulatory standards. It is widely used to calibrate instruments such as multimeters, oscilloscopes, and power analyzers.
- Temperature Calibration is expected to witness the fastest growth, supported by the advancements in thermal imaging and non-contact temperature measurement technologies. The increasing use of temperature calibration devices in industrial maintenance further contributes to the segment's growth.
By End-User Industry the market is segmented into metallurgy, chemical, power, petroleum, aerospace and defense, electronics, automotive, food and beverages, and others.
- Chemical Industry held the largest share in 2022, with extensive use of calibration equipment for verifying the accuracy of process instruments like pressure sensors, temperature controllers, and flow meters. Proper calibration ensures product quality and safety in chemical manufacturing.
- Power Industry is projected to register the highest growth rate, driven by the rising demand for precise calibration of devices used in power generation and distribution systems. This includes transformers, circuit breakers, and power quality analyzers.
Based on regions, the global market is segmented into North America, Europe, Asia-Pacific, Middle East and Africa, and Latin America.
- North America accounted for the largest market share in 2022, supported by stringent regulatory requirements and high investments in research and development by leading players.
- Asia-Pacific is expected to witness the fastest growth, driven by rapid industrialization and the expansion of manufacturing sectors, especially in countries like China, Japan, and India.
| Report Attributes | Report Details |
| Study Timeline | 2017-2030 |
| Market Size in 2030 | USD 792.24 Million |
| CAGR (2023-2030) | 6.7% |
| By Type | Pressure Calibration, Temperature Calibration, Mechanical Calibration, Electrical Calibration, Radiological Calibration, Optical Calibration, Thermodynamic Calibration, Pipette Calibration, Flow Calibration |
| By End-User Industry | Metallurgy, Chemical, Power, Petroleum, Aerospace & Defense, Electronics, Automotive, Food & Beverages, Others |
| By Region | North America(U.S., Canada, Mexico) Europe(U.K., Germany, France, Spain, Italy, Russia, Benelux, Rest of Europe) APAC(China, South Korea, Japan, India, Australia, ASEAN, Rest of Asia-Pacific) Middle East & Africa(GCC, Turkey, South Africa, Rest of MEA) LATAM(Brazil, Argentina, Chile, Rest of LATAM) |
Top Key Players & Competitive Landscape :
The competitive landscape features major manufacturers and suppliers of calibration equipment, focusing on product innovation and strategic expansions. The report highlights key players, detailed profiles, and market share analysis.
List of prominent players in the Calibration Equipment Industry:
- Fluke Corporation
- WIKA Alexander Wiegand SE & Co. KG
- Yokogawa Electric Corporation
- AMETEK Inc.
- TE Connectivity
- Keysight Technologies Inc.
- Beamex Oy Ab
- Fortive Corporation
- Transcat, Inc.
- OMEGA Engineering Inc.
Recent Industry Developments :
- June 2021: Godrej & Boyce launched mobile calibration services aimed at providing on-site calibration for industries like aerospace and automotive.
- January 2022: Launch Tech Co. Ltd. introduced the X-431 ADAS PRO PLUS calibration equipment with enhanced real-time intelligence features.
