Sales in the global calibrators market are slated to top US$ 924.7 Bn in 2022. Expanding at a healthy 4.1% CAGR, the market size is projected to total US$ 1.2 Bn by 2029.
Sales in this market are expected to be driven by the easy availability of a large number of calibrators based on the function and form of the equipment to be calibrated. Furthermore, the increasing use of pressure calibrators to ensure the accuracy of various instruments and to improve the quality standard of products is expected to propel the market.
Furthermore, the high demand for multifunction calibrators from various industry verticals such as semiconductor, automotive, and aerospace & defence is expected to support market growth. Aside from that, the increasing use of calibrators for calibrating laboratory devices to a known standard is another factor that is expected to boost the market in the coming years.
FMI provides a half-year comparison analysis and key insights into the Calibrators Market’s growth outlook. The expanding use of calibrators in the electronics and semiconductor industries to maintain product quality, dependability, and linearity of numerous electronic devices, including millimetres, clamp metres, oscilloscopes, and modular measuring instruments, chart recorders, power supplies, and data loggers, is a significant factor that is likely to fuel demand for calibrators.
The calibrators market is expected to register 4.1% CAGR between 2022 and 2029, up from 3.5% CAGR recorded during 2014-2021, predicts Future Market Insights.
The increasing cases of work injuries across the globe is projected to bolster the sales of multifunction calibrators in the near future. These calibrators are extensively used to test the electrical equipment of various industries, such as oil refineries, manufacturing, and power generation plants on a regular basis to prevent lethal harm.
The presence of many renowned digital calibrator manufacturers is expected to boost the US market in the near future. According to FMI, the North American calibrators market will account for approximately 31.7% of the total in 2022.
The government’s growing support for encouraging manufacturers to use unique calibrating methods in their operations is a critical factor that is set to boost the market in the United Kingdom. According to FMI, the European calibrators market will generate approximately 28.2% of the total in 2022.
The ongoing expansion of the semiconductor and electronics manufacturing industries is expected to drive portable vibration calibrator sales in India. In 2022, the South Asian calibrators market is expected to account for approximately 16.1% of the total.
Based on the sales channel, the online channel segment is anticipated to drive the calibrators market in the near future. This growth is attributable to the increasing usage of the internet and smartphones among people across the globe.
Unlike brick-and-mortar stores, online stores are cost-effective and provide the convenience of doorstep delivery to customers located even in remote parts of the world. Besides, many companies are providing customization features on online stores to help customers purchase products as per their requirements. These factors are likely to drive the sales of novel digital pressure calibrators through online channels.
Calibrators Market By Category
By Current Type:
- Single Phase
- Three Phase
By Sales Channel:
- Online Sales
- Offline Sales
By End Use:
- Electrical & Electronics
- Process Industry/Process Control
- Power Industry
- Auxiliary Manufacturing
- North America
- Latin America
- East Asia
- South Asia
- Middle East & Africa (MEA)