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Global Instrument Calibrator Market (2021 to 2028) - by Product Type, Modularity and Industry Vertical

·9-min read

Dublin, Oct. 19, 2021 (GLOBE NEWSWIRE) -- The "Instrument Calibrator Market Forecast to 2028 - COVID-19 Impact and Global Analysis by Product Type, Modularity, and Industry Vertical" report has been added to ResearchAndMarkets.com's offering.

According to this report the market is expected to grow from US$ 1,277.57 million in 2021 to reach US$ 1,854.03 million by 2028; it is expected to grow at a CAGR of 5.5% from 2021 to 2028.

Calibration is the process of comparing unknown values obtained for devices under test (DUT) to a known value reference standard. In pharmaceutical manufacturing, strict safety requirements and regulations must be maintained, and manufacturing processes are consistent and reliable. This ensures product purity and the best possible end-product quality, both of which are important for patient safety. As a result, several pressure and temperature measurements, such as local indicators (gauges), transmitters, and switches, are commonplace in these operations. Many of these tests are performed in harsh circumstances, such as in autoclaves, centrifuge machines, and sonicators. For instance, in the chemical industry, it's used to cure coatings, vulcanize rubber, and perform hydrothermal synthesis, as well as in medical applications to perform sterilization. The timely calibration of instruments, followed by systematic and appropriate paperwork, is a critical for ensuring that the pharmaceutical products are manufactured as per the current good manufacturing practices (cGMPs). In case of any technical issues in instruments, the calibration data can help understand when, when, and how an error occurred. As a result, pharmaceutical regulatory authorities keep a check on the type of data collected and the interval between calibrations.

Pharmaceutical companies need a complete calibration solution that meets with industry regulations while increasing efficiency and improving data integrity and quality standards. Temperature, pressure, and electrical calibrators are required for the frequent calibration of various pharmaceutical equipment, such as medical testing instruments, weather stations, thermistors, and furnaces. Thus, the pharmaceuticals industry is contributing to the instrument calibrators market growth.

The COVID-19 pandemic had a negative impact on the global instrument calibrator market in the year 2020. Since the outbreak of COVID-19, all manufacturing processes across the world have been temporarily closed to combat the spread of COVID-19 and comply with the social distancing norms laid down by local and federal government bodies. Therefore, the closure of manufacturing units is resulting into logistic issues. However, as the manufacturing processes resumed from the 3rd quarter of 2020, and the demand for instrument calibrator started to recover, manufacturers were able to stabilize the overall revenue and cashflow.

Key Findings of Study:

The global instrument calibrator market is segmented into five major regions-North America, Europe, APAC, MEA, and SAM. In 2020, Asia Pacific led the global instrument calibrator market with a substantial revenue share, followed by North America and Europe. North America has seen significant technological advances, which has resulted in highly competitive markets. In North America, the US is the leading market and it alone occupies around 65.0% of the market share in the North America instrument calibrator market. The country has been investing in its medical and pharmaceutical industry. Also, technological advancements by the market players in the US is likely to favor the market growth in the country. Not only the US, but countries around the globe also have strict calibration regulations for safety and efficiency.

Reasons to Buy

  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global instrument calibrator market.

  • Highlights key business priorities in order to assist companies to realign their business strategies.

  • The key findings and recommendations highlight crucial progressive industry trends in the global instrument calibrator market, thereby allowing players across the value chain to develop effective long-term strategies.

  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.

  • Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.

  • Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution.

Key Topics Covered:

1. Introduction

2. Key Takeaways

3. Research Methodology

4. Instrument Calibrator Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 North America
4.2.2 Europe
4.2.3 Asia-Pacific
4.2.4 Middle East and Africa
4.2.5 South America
4.3 Ecosystem Analysis
4.4 Expert Opinion

5. Instrument Calibrator Market - Key Market Dynamics
5.1 Key Market Drivers
5.1.1 High Demand from Pharmaceuticals Industry
5.1.2 Stringent Regulatory Environment in Aerospace & Defence
5.1.3 Technological Advancements and Affordability of Calibrators
5.2 Key Market Restraints
5.2.1 Red Ocean Strategy In Instrument Calibrator Market
5.3 Key Market Opportunities
5.3.1 Favourable Government Regulations and Technological Developments
5.4 Future Trends
5.4.1 Development in Instrument Calibration Services
5.5 Impact analysis of Drivers and Restraints

6. Instrument Calibrator Market - Global Analysis
6.1 Instrument Calibrator Market Global Overview
6.2 Instrument Calibrator Market - Global Revenue and Forecast to 2028 (US$ Million)
6.3 Market Positioning - Five Key Players

7. Instrument Calibrator Market Analysis - By Product Type
7.1 Overview
7.2 Instrument Calibrator Market Revenue Breakdown, By Product Type, 2020 and 2028
7.3 Temperature Calibrator
7.3.1 Overview
7.3.2 Temperature Calibrator: Instrument Calibrator Market, Revenue and Forecast to 2028 (US$ Million)
7.4 Pressure Calibrator
7.4.1 Overview
7.4.2 Pressure Calibrator: Instrument Calibrator Market - Revenue and Forecast to 2028 (US$ Million)
7.5 Electrical Calibrator
7.5.1 Overview
7.5.2 Electrical Calibrator: Instrument Calibrator Market - Revenue and Forecast to 2028 (US$ Million)
7.6 Multifunction Process Calibrator
7.6.1 Overview
7.6.2 Multifunction Process Calibrator: Instrument Calibrator Market - Revenue and Forecast to 2028 (US$ Million)

8. Instrument Calibrator Market Analysis - By Modularity
8.1 Overview
8.2 Instrument Calibrator Market Breakdown, By Modularity, 2020 and 2028
8.3 Benchtop
8.3.1 Overview
8.3.2 Benchtop: Instrument Calibrator Market - Revenue and Forecast to 2028 (US$ Million)
8.4 Portable
8.4.1 Overview
8.4.2 Portable: Instrument Calibrator Market - Revenue and Forecast to 2028 (US$ Million)

9. Instrument Calibrator Market - By Industry Vertical
9.1 Overview
9.2 Instrument Calibrator Market, by Industry Vertical (2020 and 2028)
9.3 Pharmaceutical
9.3.1 Overview
9.3.2 Pharmaceutical: Instrument Calibrator Market - Revenue and Forecast to 2028 (US$ Million)
9.4 Automotive
9.4.1 Overview
9.4.2 Automotive: Instrument Calibrator Market - Revenue and Forecast to 2028 (US$ Million)
9.5 Aerospace and Defense
9.5.1 Overview
9.5.2 Aerospace and Defense: Instrument Calibrator Market - Revenue and Forecast to 2028 (US$ Million)
9.6 Food and Beverages
9.6.1 Overview
9.6.2 Food and Beverages: Instrument Calibrator Market - Revenue and Forecast to 2028 (US$ Million)
9.7 Electronics
9.7.1 Overview
9.7.2 Electronics: Instrument Calibrator Market - Revenue and Forecast to 2028 (US$ Million)
9.8 Oil and Gas
9.8.1 Overview
9.8.2 Oil and Gas: Instrument Calibrator Market - Revenue and Forecast to 2028 (US$ Million)
9.9 Other Industries
9.9.1 Overview
9.9.2 Other Industries: Instrument Calibrator Market - Revenue and Forecast to 2028 (US$ Million)

10. Instrument Calibrator Market - Geographic Analysis

11. Instrument Calibrator Market - COVID-19 Impact Analysis
11.1 Overview
11.2 North America
11.3 Europe
11.4 Asia-Pacific
11.5 Middle East and Africa
11.6 South America

12. Instrument Calibrator Market -Industry Landscape
12.1 Overview
12.2 Growth Strategies in the Instrument Calibrator Market
12.3 Inorganic Growth Strategies
12.3.1 Overview
12.4 Organic Growth Strategies
12.4.1 Overview

13. Company Profiles
13.1 AMETEK Inc.
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 Baker Hughes Company
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 Extech Instruments
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 Fluke Corporation
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 Yokogawa Electric Corporation
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
13.6 WIKA Alexander Wiegand SE & Co. KG
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Products and Services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.6.6 Key Developments
13.7 Additel
13.7.1 Key Facts
13.7.2 Business Description
13.7.3 Products and Services
13.7.4 Financial Overview
13.7.5 SWOT Analysis
13.7.6 Key Developments
13.8 Beamex Oy Ab
13.8.1 Key Facts
13.8.2 Business Description
13.8.3 Products and Services
13.8.4 Financial Overview
13.8.5 SWOT Analysis
13.8.6 Key Developments
13.9 Calmet
13.9.1 Key Facts
13.9.2 Business Description
13.9.3 Products and Services
13.9.4 Financial Overview
13.9.5 SWOT Analysis
13.9.6 Key Developments
13.10 Spectris
13.10.1 Key Facts
13.10.2 Business Description
13.10.3 Products and Services
13.10.4 Financial Overview
13.10.5 SWOT Analysis
13.10.6 Key Developments

14. Appendix

For more information about this report visit https://www.researchandmarkets.com/r/c93h7n

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