Global Voltage Calibrator Market growing at a CAGR of 5.30% from 2023 to 2031
Category : Semiconductor And Electronics | Published Date : Nov 2024 | Type : Press Release
Voltage Calibrator Market Scope & Overview:
In the newly published report, Consegic Business Intelligence states that the Voltage Calibrator Market was valued at USD 213.79 Million in 2022 and is expected to reach USD 333.89 Million by 2031, growing at a CAGR of 5.3% from 2023 to 2031. Voltage calibrators are precision devices generating stable voltage signals, crucial for calibrating instruments like oscilloscopes, multimeters, and power supplies. They are extensively used in various sectors, including industrial, research, and educational settings, to ensure accurate measurements.
The report comprises the Voltage Calibrator Market Share, Size & Industry Analysis, By Product Type (Benchtop and Portable), By End Use (Automotive, Aerospace and Defense, Healthcare, Semiconductor, IT and Telecommunications, Others), By Region (North America, Europe, Asia-Pacific, Latin America, Middle East & Africa), and Forecast, 2023–2031.
The report contains detailed information on Voltage Calibrator Market Trends, Opportunities, Value, Growth Rate, Segmentation, Geographical Coverage, Company Profile, In-depth Expert Analysis, Revenue Forecast, Competitive Landscape, Growth Factors, Restraints or Challenges, Environment & Regulatory Landscape, PESTLE Analysis, PORTER Analysis, Key Technology Landscape, Value Chain Analysis, and Cost Analysis.
Growing demand for precise electronic measurement devices across various industries is a primary driver of market growth. However, the high cost of voltage calibrators is a significant restraint, affecting adoption rates, particularly among small and medium-sized enterprises.
Segmental Analysis :
By Product Type, the market is segmented into Benchtop and Portable.
- Benchtop Voltage Calibrators accounted for the largest share in 2022, driven by their high accuracy, stability, and capability to generate a wide range of voltages. This segment is also projected to register the fastest growth during the forecast period due to increasing applications in laboratory and industrial settings.
- Portable Voltage Calibrators are preferred for field applications due to their compact size and ease of use, making them suitable for on-site calibrations.
By End Use, the market includes Automotive, Aerospace and Defense, Healthcare, Semiconductor, IT and Telecommunications, and Others.
- Automotive Segment dominated the market with a share of 33.2% in 2022, driven by the increasing use of voltage calibrators for calibrating sensors, electronic control units (ECUs), and power supplies in vehicles.
- Aerospace and Defense Segment is expected to grow at a significant rate, fueled by the need for precise calibration of instruments measuring electrical signals critical for safe aircraft operations.
Based on regions, the global market is segmented into North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
- North America held the largest revenue share of USD 71.51 Million in 2022, supported by strong manufacturing infrastructure and high adoption rates of advanced calibration equipment.
- Asia-Pacific is projected to witness the fastest growth, with a CAGR of 5.6%, driven by rapid industrialization, increasing demand from the automotive and healthcare sectors, and improving telecommunication infrastructure.
| Report Attributes | Report Details |
| Study Timeline | 2018-2031 |
| Market Size in 2031 | USD 333.89 Million |
| CAGR (2024-2031) | 5.3% |
| By Product Type | Benchtop, Portable |
| By End Use | Automotive, Aerospace and Defense, Healthcare, Semiconductor, IT and Telecommunications, 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 of the Voltage Calibrator Market features major players focusing on product innovation, R&D, and strategic partnerships to enhance their market position. The analysis highlights key industry leaders and emerging players, evaluated for their strengths, weaknesses, and potential growth strategies. The report includes detailed profiles of major companies, market share analysis, and insights on recent developments.
List of prominent players in the MDI Prepolymers Industry:
- Fluke Corporation
- Yokogawa Test & Measurement Corporation
- Keysight Technologies
- Ametek
- Omega Engineering, Inc.
- PCE Deutschland GmbH
- Good Will Instrument Co., Ltd.
- Teledyne FLIR LLC
- Time Electronics Ltd.
- NH Research LLC (NHR)
Recent Industry Developments :
- April 2023: Fluke Corporation launched a new series of high-precision benchtop voltage calibrators with enhanced features for laboratory applications, focusing on increased accuracy and stability.
- August 2022: Keysight Technologies expanded its product portfolio by introducing IoT-enabled portable voltage calibrators designed for remote monitoring and calibration, improving operational efficiency in field applications.
